October 1: The Nepal Electricity Authority (NEA) has received permission from India for the first time to sell electricity in the real time market of India's Energy Exchange…
October 1: The Nepal Electricity Authority (NEA) has received permission from India for the first time to sell electricity in the real time market of India's Energy Exchange…
October 1: The government's emergency warehouse has only half the food stock the prescrimed…
October 1: The Weather Forecasting Division under the Department of Hydrology and Meteorology has said this year's monsoon exit from Nepal will be delayed by a few…
October 1: Hosts China romped to gold in the men's and women's 100m at the Asian Games as North Korea's weightlifters scorched several world records on an action-packed Saturday, reported…
October 1: After wrapping up his week-long visit to China on Saturday, Prime Minister Pushpa Kamal Dahal said Nepal and China have reached an understanding to open all border checkpoints between the two countries which were operational before the coronavirus…
he meeting of the Nepal Oil Corporation's Board of Directors held on Saturday decided to raise the prices of petroleum products. The state-owned entity with monopoly in the import and distribution of the petroleum products has hiked the price of petrol per liter by Rs 2, diesel and kerosene by Rs 6 per…
September 29: The Asian Development Bank (ADB) on Friday approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises.…
Rastriya Banijya Bank Limited and National Banking Institute have signed an agreement to run certificate course on banking for the employees of the…
September 29: At a time when the government’s revenue collection target is off the mark, authorizes are trying to meet the revenue target by hook or crook.…
September 29: The government is preparing to enter into bilateral air service agreements with three nations, including Switzerland, with the aim of expanding Nepal's international flight…
September 29: Members of Parliament have urged the government to remain vigilant about exorbitant price hike and black marketing of daily essentials including sugar as the major festivals such as Dashain and Tihar approaches. …
eptember 29: British-Irish actor Michael Gambon, best known for playing Albus Dumbledore in six of the eight "Harry Potter" films, has died in hospital aged 82, his family announced…
September 29: Manang Beverages recently launched the Manang Valley Wine at launch event in Manang’s Sabje Lake, 3500 meters above the sea level.…
September 29: The Securities Board of Nepal (SEBON) is preparing to take action against the Nepal Stock Exchange (NEPSE) regarding the issue of Transaction Management System…
September 29: A total of 610 medals have been distributed to the players in the ongoing Asia Games as of Thursday.…
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But now onwards, NEA will now be allowed to sell electricity by bidding just 1 hours and fifteen minutes in advance.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Central Electricity Authority under the Ministry of Electricity of India gave permission to NEA to sell electricity in the real time market on Saturday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On 31 July, the Ministry of Electricity of India amended the procedures of the bodies designated for the approval and facilitation of electricity import/export (cross border) and made arrangements to allow the authorized bodies of the neighboring countries to participate in the real time market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the first phase, the Central Electricity Authority of India has approved the sale of around 44 MW of electricity generated by the 19.4 MW Lower Modi and 24.25 MW Kabeli B1 hydropower projects in the real time market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The electricity of both these projects was being sold in the day-ahead market. The permission given to the day-ahead market was ending on Saturday. Prabal Adhikari, Director of Electricity Trading Department of the NEA said that India has granted permission for the sale of electricity generated by the two projects in both day-ahead and real time markets. Now the electricity of the two projects can be sold a day ahead and also as per the need in the real time market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Earlier, we had to wait for a day to import and export electricity in the competitive market, but now we are able to bid and do business 1 hour fifteen minutes in advance. This has created a situation where we can buy and sell electricity if the electricity production suddenly stops or if the production increases,” said Adhikari.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">NEA has been exporting surplus electricity of 110 MW in the rainy season to the Indian company NTPC Vidhyut Vyapar Nigam Limited (NVVN) through competition in IEX's day-ahead market and recently under a mid-term power agreement. NVVN is selling the electricity in the state of Haryana.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NEA has received approval for the export of 522 megawatts of electricity in the competitive market and 110 megawatts to Haryana for a total of 632 megawatts. Out of this, 562 MW of electricity is being exported through the Dhalkebar-Muzaffar 400 KV transmission line and 70 MW from Mahendranagar-Tanakpur 132 KV transmission line.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">NEA exported electricity worth Rs. 5.43 billion from mid-July to mid-September of the current financial year. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18862', 'image' => '20231001014005_20230716115331_eee.jpg', 'article_date' => '2023-10-01 13:39:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19133', 'article_category_id' => '1', 'title' => 'Government’s Emergency Warehouse has Insufficient Food Stocks', 'sub_title' => '', 'summary' => 'October 1: The government's emergency warehouse has only half the food stock the prescrimed amount.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">October 1: The government's emergency warehouse has only half the food stock the prescrimed amount.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">There is a provision that the government should mandatorily keep 33,000 metric tons of food in stock for emergency situations like epidemics, earthquakes and floods. However, currently, the government-owned Food Management and Trading Company Limited has only about 16,000 metric tons of food in stock.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Officials say that the company has 12,300 metric tons of rice, 435 metric tons of paddy, 3,400 metric tons of wheat and 4 metric tons of lentils along with 1,085 liters of cooking oil. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Information officer Sharmila Subedi admitted that the company has never been able to stock more than 25,000 metric tons of food grains even before. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">“We never have 33,000 metric tons of food. It’s always around 20,000/22,000 thousand metric tons and up to 25,000 metric tons during peak season. There is a problem of food getting spoiled if the stock is kept for a long time. So we have maintained less stock of food,” said Subedi.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to her, the current need is the operation of fair price shops targeting Dashain Tihar festivals. Newly-harvested paddy will start coming in almost immediately. Therefore, even if there is not enough stock, there is not much of a problem, added Subedi.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Stakeholders say that the government is to blame for not having enough food stocks with the state-owned companies. Consumer rights activist Madhav Timilsina said that the government did not set the support price for rice and wheat on time, released the budget late, started the purchase of rice and wheat late, and failed to purchase according to the target. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">“Since the support price is fixed too late, the company cannot procure food in time. If there is no purchase in time, the company will have to buy rice again,” he said, adding this creates shortage of food all the time.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to Timilsina, this happens when both the food companies and the government are irresponsible towards the citizens.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The government cannot intervene in the market to stop inflation when there is not enough food in the government’s own food store. Now the price of every food item in the market is on the rise. While the sugar stock with the government company is zero, its retail price in the market has reached Rs 135 per kg. The price of all types of rice has increased by up to Rs 100 per bag.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">As the festive season approaches, traders and businessmen have started the monopoly of the market while black marketing has flourished. Government companies have only fulfilled their rituals in the name of opening fair-price shops.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18861', 'image' => '20231001125620_20221107101946_fair price shoppp.jpg', 'article_date' => '2023-10-01 12:55:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19132', 'article_category_id' => '1', 'title' => 'Monsoon Exit to be Delayed by a Few Days', 'sub_title' => '', 'summary' => 'October 1: The Weather Forecasting Division under the Department of Hydrology and Meteorology has said this year's monsoon exit from Nepal will be delayed by a few days.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">October 1: The Weather Forecasting Division under the Department of Hydrology and Meteorology has said this year's monsoon exit from Nepal will be delayed by a few days.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although the average date of monsoon withdrawal in Nepal is October </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the department has mentioned that there is a possibility that this year's monsoon will exit a few days later than the average date. The division issued a special weather bulletin on Friday and predicted that the monsoon will be delayed due to the low pressure effect currently developing in the north-western parts of the Bay of Bengal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Sanjiv Adhikari, meteorologist of the division, said that although the monsoon exit date is October </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, there is a possibility of rain in the next few days due to the development of a rain-making system (low pressure area). </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"The process of monsoon exit from the western parts of India has already started. However, now a low pressure area has build up in the Bay of Bengal and it is becoming stronger and moving towards the north-west, so it seems that it will take some more time for the monsoon to leave Nepal," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the meteorologist, as the low pressure area is developing in the eastern parts of the country, there is a possibility of heavy rain in some parts of the country in the next two to four days. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"The low pressure system developed in the east may not affect the west and far west of the country. There is a possibility of more rain in the eastern and central parts of Nepal,” said Adhikari.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The farmers are already preparing to harvest paddy because the festival of Dashain is late this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The division has urged people involved in agriculture and transport service to remain alert as the impact of monsoon is most likely to affect these sectors.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The monsoon arrival date is June </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> but this year it entered Nepal a day later. Monsoon spreads across the country from the eastern parts of Nepal. Similarly, the earliest date of monsoon exit is October </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, it is likely to exit the country a few days later this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Caution is requested</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There is a possibility of partial to normal rainfall with thunder and lightning in many places of the country until Tuesday, according to the division. Likewise, heavy rainfall is likely to occur in one or two places in Koshi, Madhes, Gandaki and Lumbini provinces. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The division has requested the general public to take necessary precautions saying that there is a risk of landslides in the hill and mountainous areas due to rain. The division warned that the water level in large and small rivers and streams may rise and daily life may be affected along with road travel and air traffic.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Since it is the time for harvesting crop, the division has requested the general public and all concerned agencies to take necessary precautions.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18860', 'image' => '20231001120505_1696064685.jpg', 'article_date' => '2023-10-01 12:04:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19131', 'article_category_id' => '1', 'title' => 'North Korean Lifters Smash World Records in Asian Games', 'sub_title' => '', 'summary' => 'October 1: Hosts China romped to gold in the men's and women's 100m at the Asian Games as North Korea's weightlifters scorched several world records on an action-packed Saturday, reported AFP.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">October 1: Hosts China romped to gold in the men's and women's 100m at the Asian Games as North Korea's weightlifters scorched several world records on an action-packed Saturday, reported AFP.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the French news agency, golds were up for grabs on a damp day in Hangzhou in everything from diving and eSports to athletics and roller skating.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">China inevitably hoovered up many of them to take them to 114 golds in total at the halfway stage of the competition, well clear of Japan (28 golds) and South Korea (27).</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The 100m sprints are among the most prestigious events of any Games and it was two Chinese speedsters who thrilled the raucous crowd with victories at the 80,000-capacity Hangzhou Olympic stadium, added AFP</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">First, Ge Manqi raced to the line in 11.23sec to take the women's crown and then Xie Zhenye made it double home delight with his winning time of 9.97sec for the men's title.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Among other notable performances in track and field, the world's number-two ranked pole vaulter EJ Obiena of the Philippines cleared 5.90m for gold and a Games record.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt">Records tumble </span></strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">There were some eye-popping performances from North Korea's women weightlifters.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">They were competing at an international event for the first time since December 2019 after the country sealed its borders because of the pandemic.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">But that did not stop them from shattering a slew of world records.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Ri Song Gum broke two world records in the women's 49kg, the first weightlifting event in Hangzhou.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Then Kang Hyong Yong, a 24-year-old with no international pedigree, set a hat-trick of world records in snatch, clean and jerk, and combined on her way to gold in the women's 55kg class.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">There were tears on the podium as Ri and Kang saluted the North Korean flag -- which was hoisted once again in contravention of a World Anti-Doping Agency edict.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">WADA declared the country's national anti-doping body "non-compliant" in 2021 and slapped it with sanctions, including not being able to fly the flag at continental events.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Elsewhere, North Korea thrashed South Korea 4-1 in a feisty quarter-final of the women's football.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">South Korea, led by the English coach Colin Bell, included players who featured at the recent Women's World Cup, where they went out in the group phase.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The neighbours, who are still technically at war, were locked at 1-1 when South Korea forward Son Hwa-yeon was sent off for a second yellow card close to half time.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">North Korea made the most of their numerical advantage to score three times in the second period for an ultimately comfortable victory, their players celebrating wildly at the full-time whistle.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Pakistan and arch-rivals India then clashed in the men's hockey group stage.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The highly anticipated showdown turned out to be a mismatch, however, as India thrashed their neighbours 10-2.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18859', 'image' => '20231001110800_003397-01-02.jpg', 'article_date' => '2023-10-01 11:07:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '19130', 'article_category_id' => '1', 'title' => 'Nepal-China Agree to Open all Checkpoints: PM Dahal ', 'sub_title' => '', 'summary' => 'October 1: After wrapping up his week-long visit to China on Saturday, Prime Minister Pushpa Kamal Dahal said Nepal and China have reached an understanding to open all border checkpoints between the two countries which were operational before the coronavirus pandemic. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October </span></span></span><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif""><span style="font-size:18px">1</span>: </span></span><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">After wrapping up his week-long visit to China on Saturday, Prime Minister Pushpa Kamal Dahal said Nepal and China have reached an understanding to open all border checkpoints between the two countries which were operational before the coronavirus pandemic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Talking to media persons upon his arrival at Tribhuvan International Airport on Saturday after completing his official visit to China, PM Dahal shared that both Nepal and China have agreed to bring the checkpoints used locally in the border areas into operation after completing technical and necessary preparations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further mentioned that the Chinese government had expressed commitment to provide grants to systematize some checkpoints. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, significant discussion was held regarding regular operation of Pokhara Regional International Airport, added PM Dahal. He further said that Nepal needs to make internal preparations to operate two-way flights between Pokhara and Chengdu.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He added that discussion was also held on the issue of conducting regular flights from other cities of China. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, he thanked Deputy Prime Minister and Defence Minister Purna Bahadur Khadka for addressing the demands of the agitating teachers and health workers while he was out of the country. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => 'Nepal, China, border, checkpoint, open, pandemic', 'description' => '', 'sortorder' => '18858', 'image' => '20231001102618_1696062754.pm .jpg', 'article_date' => '2023-10-01 10:25:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19129', 'article_category_id' => '1', 'title' => 'Nepal Oil Corporation Hikes Prices of Petroleum Products', 'sub_title' => '', 'summary' => 'he meeting of the Nepal Oil Corporation's Board of Directors held on Saturday decided to raise the prices of petroleum products. The state-owned entity with monopoly in the import and distribution of the petroleum products has hiked the price of petrol per liter by Rs 2, diesel and kerosene by Rs 6 per liter.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 1: The meeting of the Nepal Oil Corporation's Board of Directors held on Saturday decided to raise the prices of petroleum products. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The state-owned entity with monopoly in the import and distribution of the petroleum products has hiked the price of petrol per liter by Rs 2, diesel and kerosene by Rs 6 per liter. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the NOC has hiked the price of cooking gas by Rs 215 per cylinder. Similarly, NOC has increased the the prices of both domestic and international aviation fuel by Rs 8 per liter.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With the revision of the price, the price of cooking gas per cylinder now costs Rs 2,110. The price of petrol in the first category (Charali, Biratnagar, Janakpur, Amlekhgunj, Bhairahawa, Nepalgunj, Dhangadhi, and Birgunj Depots) stands at Rs 182.5 per liter.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, the price of the petrol in the second category (Surkhet and Dang) is Rs 184, and in Kathmandu, Pokhara, and Dipayal Rs 185 per liter. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the price of diesel is set at Rs 176.5 per liter in the first category, Rs 178 in the second category, and Rs 179 in the third category. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">T</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">he price of domestic aviation fuel now costs Rs 144 per liter, and the international price is $1.095 per liter. The increased prices have come into effect after Saturday midnight. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18857', 'image' => '20231001062153_collage (10).jpg', 'article_date' => '2023-10-01 06:19:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '19128', 'article_category_id' => '1', 'title' => 'ADB Capital Management Reforms Unlock $100 Billion in New Funding Over Next Decade', 'sub_title' => '', 'summary' => 'September 29: The Asian Development Bank (ADB) on Friday approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 29: The Asian Development Bank (ADB) on Friday approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises. Issuing a statement on Friday, the ADB said expansion of available funds will be further leveraged through mobilizing private and domestic capital to move from the billions to trillions required to tackle the climate crisis.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB said it introduced the reforms through an update of ADB’s Capital Adequacy Framework (CAF). They expand the bank’s annual new commitments capacity to more than $36 billion—an increase of approximately $10 billion, or about 40%, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The bank said the expansion is achieved by optimizing ADB’s prudential level of capitalization while maintaining its overall risk appetite. The reforms also create a Countercyclical Lending Buffer to support ADB developing member countries (DMCs) facing unexpected crises.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB added that the measures, which will enable it to provide up to $360 billion of its own financing to its DMCs and private sector clients over the next decade, are designed to ensure ADB maintains its AAA credit rating and its ability to provide DMCs with funding at low cost and with long maturities. The reforms further safeguard ADB’s AAA credit rating through the introduction of a recovery plan that would prevent capital erosion during periods of financial stress. ADB’s capital adequacy framework is reviewed every three years.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“These important reforms will significantly expand ADB’s ability to support a broad range of critical development efforts across Asia and the Pacific, including greater concessional resources for our vulnerable members,” said ADB President Masatsugu Asakawa. “Our decision today is part of ADB’s response to the call for multilateral development banks (MDBs) to do more with our resources and faster. These resources will help the region manage a complex set of overlapping crises, address gender inequality, and provide for basic needs in the context of the existential challenge of climate change. This extra lending power will be extended and leveraged further by renewed efforts to mobilize private and domestic capital and maximize the impact of our work.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the ADB, private capital mobilization will play a critical role in leveraging billions to trillions, by expanding private sector involvement in the development agenda. Upstream actions will help improve macroeconomic policy and the institutional and enabling environment for private sector investment, spurring increased domestic and foreign investment. Midstream advisory support will help create project pipelines and prepare bankable projects that can attract private sector investment. Downstream financing will be structured to crowd in private capital in development projects, including de-risking for the private sector. Upstream enablement, and mid and downstream mobilization, will leverage ADB’s balance sheet, multiplying the resources available for the region’s development, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB further said economies must also mobilize more tax revenue, modernize tax authorities through digitalization, and cooperate to ensure a fair and well-functioning international tax system. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Domestic resource mobilization is vital in the effort to address debt sustainability and to achieve the Sustainable Development Goals. ADB established the Asia Pacific Tax Hub in 2021 to provide an open and inclusive platform for strategic policy dialogue, knowledge sharing, and development coordination among ADB, its members, and development partners.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB noted that Asia and the Pacific’s poor and vulnerable are acutely exposed to escalating and interconnected crises that jeopardize their health, educational outcomes, and livelihoods. An estimated 155 million people, or 3.9% of the region’s population, lived in extreme poverty in 2022 and many, in particular women, face a cost-of-living crisis that has made food and other essential commodities and services unaffordable, ADB wrote on its website.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The updated CAF is the latest of several initiatives by ADB to increase its lending capacity. In May, ADB established the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), which allows donors to guarantee parts of the existing sovereign loan portfolio on ADB’s balance sheet, thereby releasing capital for new climate projects. ADB said it has also entered into sovereign exposure exchange agreements with other MDBs to reduce portfolio concentration risks and leads the MDBs’ participation in the International Finance Facility for Education.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB said it is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18856', 'image' => '20230929083627_20220321091056_ADB.jpg', 'article_date' => '2023-09-29 20:35:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19127', 'article_category_id' => '1', 'title' => 'RBB and National Banking Institute Ink Agreement for Employees’ Training', 'sub_title' => '', 'summary' => 'Rastriya Banijya Bank Limited and National Banking Institute have signed an agreement to run certificate course on banking for the employees of the bank.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 29: Rastriya Banijya Bank Limited and National Banking Institute have signed an agreement to run banking certification courses for the employees of the bank.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Chief Executive Officer of the bank, Kiran Kumar Shrestha, and the Chief Executive Officer of the institute, Kumar Lamsal, have signed the agreement. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">As per this agreement, the institute will provide certification courses, including JANBI, CANBI, Moodys, and others, to one thousand employees of the bank to enhance their capacity and competency in the fiscal year 2023/2024. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The CEO of the bank, Shrestha, said that the bank's objective is to regularly provide training to its employees to achieve excellence.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Kumar Lamsal, the CEO of the institute, said that the Rastriya Bnaijya Bank has prioritized training for its employees in the banking sector, and training programmes will contribute to the growth of institution's productivity. </span></span></p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18855', 'image' => '20230929045749_collage (5).jpg', 'article_date' => '2023-09-29 16:56:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '19126', 'article_category_id' => '1', 'title' => 'Businessmen Hit Hard by ‘Tax Terror’', 'sub_title' => 'Government Giving Undue Pressure to Private Sector to Pay Taxes in Advance', 'summary' => 'September 29: At a time when the government’s revenue collection target is off the mark, authorizes are trying to meet the revenue target by hook or crook. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">September 29: At a time when the government’s revenue collection target is off the mark, authorizes are trying to meet the revenue target by hook or crook. They are making every possible attempts to stop revenue leakage and have also started calling businessmen in advance to pay their taxes.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">On one hand, the government has failed to acquire grants from the donor agencies while it has not been able to collect revenue as per the target. In such a situation, the ministry itself has issued instructions to its subordinate bodies to stop revenue leakage and to collect taxes in advance.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The industrialists said that the government has been exerting them to pay the taxes in advance.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The target of the government is especially big and middle level tax payers.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Hari Gautam, senior vice-president of Birgunj chapter of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) said that 'tax terror’ has amplified in recent days.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">“The industries are not operating in full capacity due to the recession. The income has dried up, while the tax authorities are calling us every day and asking us when we will pay the taxes. How are we going to pay the taxes in such situation?” said Gautam.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He complained that the state, which has set ambitious targets in the budget and does not pay any attention to reducing the current expenditure, is now collecting taxes by bullying the businessmen. As the state does not take effective steps to improve the stagnant economy, the existing industries are falling into more and more problems. He said that when the government took internal loans from the beginning of the current fiscal year to cover its expenses, a large amount of money going to industries and factories through the financial system was stopped.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Ashok Kumar Temani, president of Madhesh Province chapter of FNCCI said that the tax authorities are exerting pressure from all sides. He said that the government in the past used to discuss with businessmen before formulating ta policy. It stopped doing so after the onset of coronavirus pandemic, said Temani.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He complained that the government sets ambitious targets in the budget and then extorts money from the businessmen and industrialists.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">“Because of this, the industrial sector on the verge of collapse. There is a danger of the country falling into a major economic crisis,” said Temani. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He believes that the problem has deepened in the country since the government started considering remittances as the main source of income rather than supporting the productive sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Kamlesh Kumar Agarwal, senior vice president of Nepal Chamber of Commerce, says that the effect of the global recession is seen in Nepal's economy. In this context, it is not fair to give undue pressure to the private sector because the government’s income has declined.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to him, the current problem is not created by the private sector. Many industrialists and businessmen have fled due to the effects of the global recession. Agarwal said that the state should bring a policy to protect industry and business. It is not appropriate for the government to pressurize the private sector because its income is shrinking.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The income of the government is not satisfactory due to internal and external reasons rather than the non-payment of taxes by the industrialists and traders. He complains that although the impact of the decline in global trade due to the Covid-19 pandemic and Russia-Ukraine tension is seen in the economy, the government has not paid attention to policy reforms.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In recent months, the government has failed to collect revenue as per its target. According to the Finance Comptroller General's Office, the government has collected Rs 154.23 billion as of mid-August this year. This is Rs 8.78 billion less than the revenue collected in the same period of last year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">This year, the government is yet to receive foreign grants. The government has set a target of collecting Rs 1422 billion in revenue this year.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18854', 'image' => '20230929032614_taxxxxx.jpg', 'article_date' => '2023-09-29 15:25:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19125', 'article_category_id' => '1', 'title' => 'Nepal Preparing for Bilateral Air Service Agreements with Three Nations including Switzerland ', 'sub_title' => '', 'summary' => 'September 29: The government is preparing to enter into bilateral air service agreements with three nations, including Switzerland, with the aim of expanding Nepal's international flight connectivity. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: The government is preparing to enter into bilateral air service agreements with three nations, including Switzerland, with the aim of expanding Nepal's international flight connectivity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Ministry of Culture, Tourism, and Civil Aviation, Nepal has already signed bilateral air service agreements with 40 countries, with Australia being the latest addition. The government has already completed the paper works to add Switzerland, Indonesia, and Rwanda to this list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief of the Civil Aviation Division and Joint Secretary at the ministry, Buddhi Sagar Lamichhane, said they anticipate the draft of the agreement to be endorsed by the Council of Ministers soon. The location and timing for the formal signing of the agreements will be decided later. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that Nepal and Switzerland principally agreed for a bilateral air connectivity during the 41st Session of the International Civil Aviation Organisation (ICAO) Assembly held in September 27 – October 7, 2022 in Montreal, Canada. Both countries observed the signing the MoU to this regard, according to Civil Aviation Authority of Nepal (CANN). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal is also exploring the possibility of MoUs for air connectivity with various other nations, including Indonesia. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bilateral aviation agreements are considered vital instruments of a nation's foreign diplomacy, and the government is promoting such agreements. Nepal's international flight service system already includes over 20 destinations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">These agreements not only enhance structural relations with respective countries but also strengthen bilateral ties. Furthermore, it's important to note that these agreements are based on the standards set by the International Civil Aviation Organization (ICAO), Lamichhane added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the government is in the process of reviewing the agreements with Kuwait and the United Arab Emirates (UAE). This review has been proposed by Kuwait and the UAE themselves. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As part of its policies and programs for the current fiscal year, the government has announced its commitment to establishing new aviation relationships and expanding international flights. The European Union,, however, has banned airline companies of Nepal from flying on its airspace citing poor aviation standards. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18853', 'image' => '20230929025251_naccccc.jpg', 'article_date' => '2023-09-29 14:52:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19123', 'article_category_id' => '1', 'title' => 'Lawmakers Draw Government’s Attention to Curb Inflation, Black Marketing ', 'sub_title' => '', 'summary' => 'September 29: Members of Parliament have urged the government to remain vigilant about exorbitant price hike and black marketing of daily essentials including sugar as the major festivals such as Dashain and Tihar approaches. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: Members of Parliament have urged the government to remain vigilant about exorbitant price hike and black marketing of daily essentials including sugar as the major festivals such as Dashain and Tihar are just around the corner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A majority of the parliamentarians attending the meeting of the Public Account Committee under the House of Representatives this week said artificial shortage of daily consumable goods could be created during the festivals and thus brought this matter to the attention of the government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lawmaker Gokul Prasad Banskota emphasized the need of ensuring people's right to avail the daily essentials at an affordable price. He claimed that the shortage of sugar in the market, especially during the festivel season, was due to giving select persons privileges for the manufacturing and importing essential items. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Rajendra Prasad Lingden appealed to the government to pay timely attention to the plight of the consumers who were bearing the brunt of black marketing and inflation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Achyut Mainali and Dev Prasad Timalsina expressed concern over the undue advantage that were being taken by middlemen at the expense of genuine farmers when it came to chemical fertilizers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Arjun Narshing KC urged the government to take necessary steps as the general public were bearing the brunt of black marketeering of food items as the festive season approaches. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Ram Krishna Yadav demanded strict actions against those business persons involved in hoarding food items, thereby leaving consumers at the lurch. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lekhnath Dahal requested the committee members to take stock of the complaints and status of implementation of the decisions in the past to increase the effectiveness of the committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Shyam Ghimire questioned how long would the public corporations sustain with the grants and subsidies provided by the government due to their bleak financial conditions. He demanded effective market monitoring to curb the black marketing of the daily consumable items. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Manish Jha called for making the discussions of the committee public with the use of social media. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18852', 'image' => '20230929021540_20210812011140_Price Hike.jpg', 'article_date' => '2023-09-29 14:14:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19124', 'article_category_id' => '1', 'title' => ''Harry Potter' Character Dumbledore Dies Aged 82 ', 'sub_title' => '', 'summary' => 'eptember 29: British-Irish actor Michael Gambon, best known for playing Albus Dumbledore in six of the eight "Harry Potter" films, has died in hospital aged 82, his family announced Thursday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: British-Irish actor Michael Gambon, best known for playing Albus Dumbledore in six of the eight "Harry Potter" films, has died in hospital aged 82, his family announced Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gambon won four television BAFTAs and an Olivier award during a decades-spanning acting career across television, film, radio and theatre, which was capped by his beloved role as the headmaster of the wizarding school Hogwarts in the Potter series. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"We are devastated to announce the loss of Sir Michael Gambon," a statement issued on behalf of his family said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Beloved husband and father, Michael died peacefully in hospital with his wife Anne and son Fergus at his bedside, following a bout of pneumonia." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gambon, born in Ireland, began his illustrious acting career in theatre, making his first appearance on stage in a production of "Othello" at the Gates Theatre in the Irish capital Dublin in 1962. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He became well known in Britain for playing a French detective in the ITV series "Maigret", and for his 1986 role as Philip Marlow in screenwriter Dennis Potter's "The Singing Detective". </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He put in a memorable performance in the BBC's 2015 adaptation of JK Rowling's "The Casual Vacancy", while his theatre credentials include appearances in Alan Ayckbourn's "The Norman Conquests", "The Life Of Galileo" and Nicholas Hytner's National Theatre productions of "Henry IV". </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Film roles included in period dramas such as 2010's "The King's Speech" and 2001's "Gosford Park". </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">But he won global acclaim for his performances as Dumbledore in the wildly popular "Harry Potter" films, beginning with 1997's "Harry Potter and the Philosopher's Stone". </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gambon was knighted for his contribution to the entertainment industry in 1998. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tributes began to pour in following news of his death. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I'm so sad to hear that Michael Gambon has died," former Top Gear presenter Jeremy Clarkson said on social media, recalling that the actor was such a "tremendous guest" he had a corner named after him on the BBC show's race track. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"He was hugely amusing, and such a tremendous guest, we even named a corner after him." – AFP/RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18851', 'image' => '20230929023711_HP-F6-half-blood-prince-dumbledore-office-memory-cabinet-web-landscape.jpg', 'article_date' => '2023-09-29 14:36:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19122', 'article_category_id' => '1', 'title' => 'Manang Beverage launches Manang Valley Wine at 3500 Meters ', 'sub_title' => '', 'summary' => 'September 29: Manang Beverages recently launched the Manang Valley Wine at launch event in Manang’s Sabje Lake, 3500 meters above the sea level. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">September 29: Manang Beverages recently launched the Manang Valley Wine at launch event in Manang’s Sabje Lake, 3500 meters above the sea level. The company launched two premium apple wines with the aim to uplift the contribution of local farmers of Manang Valley. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">A team of journalists, along with actress Swastima Khadka joined the unveiling program at Manang, marking the “highest” altitude for a product launch on September 27. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">“We are thrilled to introduce the Manang Valley Wine, which encapsulates the pure</span> <span style="font-family:"Arial","sans-serif"">essence of the Himalayas. Utilizing state-of-the-art technology, we have artfully</span> <span style="font-family:"Arial","sans-serif"">transformed locally grown apples into a truly exquisite wine. We firmly believe that</span> <span style="font-family:"Arial","sans-serif"">Nepalese consumers, accustomed to foreign wines, will fall in love with the</span> <span style="font-family:"Arial","sans-serif"">enchantment of Manang Valley with every sip," said Aashraya Ranjitkar, managing director of Manang Valley Wine. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Ranjitkar is the third-generation win maker of his family and has partnered with Yuvaraj Gurung, a native of Manang and a third-generation apple farmer. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">“The incredible journey of the Manang Valley Wine makes it truly exciting for us, along with its exquisite taste,” Ranjitkar added.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The manufacturers express that every bottle of wine is a labour of love, a fusion of tradition and innovation, and a tribute to the rich heritage of Manang. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Manang Valley Wine not only represents the pinnacle of Nepali wine-making expertise but also demonstrates that it is possible to craft world-class products from local resources, said the manufacturers. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to the company, the launch at a mesmerising location aims to play a pivotal role in Manang's economic growth, offering a unique identity beyond its status as a renowned tourist destination. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The company said its distinctive taste, resulting from the perfect fusion of nature and culture, sets the wine apart as an unrivalled</span> <span style="font-family:"Arial","sans-serif"">gem in the world of fine beverages.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The two versions of Manang Valley Wine come in sweet and semi-sweet taste and are now available across the department store in Kathmandu at Rs 1025, Ranjitkar added.<strong> </strong></span></span></span></p> <p><br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18850', 'image' => '20230929011111_IMG_20230927_112548.jpg', 'article_date' => '2023-09-29 13:10:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19121', 'article_category_id' => '1', 'title' => 'Securities Board Preparing to Take Action against NEPSE', 'sub_title' => '', 'summary' => 'September 29: The Securities Board of Nepal (SEBON) is preparing to take action against the Nepal Stock Exchange (NEPSE) regarding the issue of Transaction Management System (TMS).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">September 29: The Securities Board of Nepal (SEBON) is preparing to take action against the Nepal Stock Exchange (NEPSE) regarding the issue of Transaction Management System (TMS).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Informing that a meeting of the board management committee of SEBON decided to take action against NEPSE, Chairman of the board Ramesh Kumar Hamal said that they have sought an explanation from NEPSE on this matter. Hamal said that NEPSE will be given 15 days for submitting a written explanation. He added that the board will take legal action if the explanation is not satisfactory.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Hamal made it clear that action will be taken against anyone found guilty in sensitive matters related to securities transactions. Hamal clarified that although both the SEBON and NEPSE are government agencies, this is the first time one government agency is preparing to take action against the other involved in the share market.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The board claimed that sensitive data of the securities market is within the reach of a particular company. Currently, the TMS and NEPSE Online Transaction System (NOTS) developed by YCO Company are in operation for managing the transactions of the secondary market of securities. The board decided to take action against NEPSE and asked for an explanation because all the details of the investors of the secondary market have been accessed by the private company YCO.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Although NEPSE received a letter from the board on September 24, the letter was not opened as Chief Executive Officer Krishna Bahadur Karki was out of the country for an event. NEPSE information officer Murahari Parajuli informed that the letter will be opened only after the chief executive officer is present at the office and the necessary action will taken.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In recent days, the board has stepped up efforts to take action in order to regulate the secondary market. Only a few days ago, the board took action against Care Ratings Nepal imposing a cash fine. The board imposed a cash fine of Rs 50,000 after it was found that the rating company was involved in rating against the law. This was the first incident where the board took action against the rating company. Apart from this, the board has also taken action against various broker companies, institutional investors and merchant bankers.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18849', 'image' => '20230929122607_Sebon-update.jpg', 'article_date' => '2023-09-29 12:25:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19120', 'article_category_id' => '1', 'title' => 'Nepal Fails to Secure Medals in the 19th Asian Games', 'sub_title' => '', 'summary' => 'September 29: A total of 610 medals have been distributed to the players in the ongoing Asia Games as of Thursday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: A total of 610 medals have been distributed to the players in the ongoing Asia Games as of Thursday. Runaway leader China tops the medals tally with 169 medals including 91 gold, 52 silver and 26 bronze medals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">South Korea is a distant second with 86 medals including 24 gold, 23 silver and 39 bronze medals followed by Japan with 18 gold medals, 30 silver and 31 bronze medals. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal, on the other hand, has performed poorly in the sports extravaganza and remains without any medal on the sixth day of the event. Nevertheless, Nepal is expected to win medals in e-sports, badminton and men's cricket tournament in which the national team smashed several world records in its comprehensive win against Mongolia on Wednesday. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Uzbekistan is in the fourth position with 6 gold medals, 10 silver and 15 bronze. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, India has so far secured 6 gold medals, eight silver and 11 bronze, to stay in the fifth position in the 19th Asian Games underway in Hangzhou City of China. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Thailand has got six gold medals, Hong Kong Special Administrative Region of China has five gold medals and Chinese Taipei has won four gold medals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the 45 participating countries, 33 countries have managed to bag the medals in the Asian Games which kicked off on Sunday. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18848', 'image' => '20230929114154_XxjpseE007751_20230923_PEPFN1A001.JPG', 'article_date' => '2023-09-29 11:40:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '19134', 'article_category_id' => '1', 'title' => 'Nepal gets Permission to Sell Electricity in India's Real Time Market', 'sub_title' => '', 'summary' => 'October 1: The Nepal Electricity Authority (NEA) has received permission from India for the first time to sell electricity in the real time market of India's Energy Exchange (IEX).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">October 1: The Nepal Electricity Authority (NEA) has received permission from India for the first time to sell electricity in the real time market of India's Energy Exchange (IEX).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Until now, the NEA had been selling electricity in India’s competitive energy market by bidding a day ahead. But now onwards, NEA will now be allowed to sell electricity by bidding just 1 hours and fifteen minutes in advance.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Central Electricity Authority under the Ministry of Electricity of India gave permission to NEA to sell electricity in the real time market on Saturday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On 31 July, the Ministry of Electricity of India amended the procedures of the bodies designated for the approval and facilitation of electricity import/export (cross border) and made arrangements to allow the authorized bodies of the neighboring countries to participate in the real time market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the first phase, the Central Electricity Authority of India has approved the sale of around 44 MW of electricity generated by the 19.4 MW Lower Modi and 24.25 MW Kabeli B1 hydropower projects in the real time market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The electricity of both these projects was being sold in the day-ahead market. The permission given to the day-ahead market was ending on Saturday. Prabal Adhikari, Director of Electricity Trading Department of the NEA said that India has granted permission for the sale of electricity generated by the two projects in both day-ahead and real time markets. Now the electricity of the two projects can be sold a day ahead and also as per the need in the real time market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Earlier, we had to wait for a day to import and export electricity in the competitive market, but now we are able to bid and do business 1 hour fifteen minutes in advance. This has created a situation where we can buy and sell electricity if the electricity production suddenly stops or if the production increases,” said Adhikari.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">NEA has been exporting surplus electricity of 110 MW in the rainy season to the Indian company NTPC Vidhyut Vyapar Nigam Limited (NVVN) through competition in IEX's day-ahead market and recently under a mid-term power agreement. NVVN is selling the electricity in the state of Haryana.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NEA has received approval for the export of 522 megawatts of electricity in the competitive market and 110 megawatts to Haryana for a total of 632 megawatts. Out of this, 562 MW of electricity is being exported through the Dhalkebar-Muzaffar 400 KV transmission line and 70 MW from Mahendranagar-Tanakpur 132 KV transmission line.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">NEA exported electricity worth Rs. 5.43 billion from mid-July to mid-September of the current financial year. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18862', 'image' => '20231001014005_20230716115331_eee.jpg', 'article_date' => '2023-10-01 13:39:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19133', 'article_category_id' => '1', 'title' => 'Government’s Emergency Warehouse has Insufficient Food Stocks', 'sub_title' => '', 'summary' => 'October 1: The government's emergency warehouse has only half the food stock the prescrimed amount.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">October 1: The government's emergency warehouse has only half the food stock the prescrimed amount.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">There is a provision that the government should mandatorily keep 33,000 metric tons of food in stock for emergency situations like epidemics, earthquakes and floods. However, currently, the government-owned Food Management and Trading Company Limited has only about 16,000 metric tons of food in stock.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Officials say that the company has 12,300 metric tons of rice, 435 metric tons of paddy, 3,400 metric tons of wheat and 4 metric tons of lentils along with 1,085 liters of cooking oil. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Information officer Sharmila Subedi admitted that the company has never been able to stock more than 25,000 metric tons of food grains even before. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">“We never have 33,000 metric tons of food. It’s always around 20,000/22,000 thousand metric tons and up to 25,000 metric tons during peak season. There is a problem of food getting spoiled if the stock is kept for a long time. So we have maintained less stock of food,” said Subedi.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to her, the current need is the operation of fair price shops targeting Dashain Tihar festivals. Newly-harvested paddy will start coming in almost immediately. Therefore, even if there is not enough stock, there is not much of a problem, added Subedi.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Stakeholders say that the government is to blame for not having enough food stocks with the state-owned companies. Consumer rights activist Madhav Timilsina said that the government did not set the support price for rice and wheat on time, released the budget late, started the purchase of rice and wheat late, and failed to purchase according to the target. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">“Since the support price is fixed too late, the company cannot procure food in time. If there is no purchase in time, the company will have to buy rice again,” he said, adding this creates shortage of food all the time.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to Timilsina, this happens when both the food companies and the government are irresponsible towards the citizens.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The government cannot intervene in the market to stop inflation when there is not enough food in the government’s own food store. Now the price of every food item in the market is on the rise. While the sugar stock with the government company is zero, its retail price in the market has reached Rs 135 per kg. The price of all types of rice has increased by up to Rs 100 per bag.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">As the festive season approaches, traders and businessmen have started the monopoly of the market while black marketing has flourished. Government companies have only fulfilled their rituals in the name of opening fair-price shops.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18861', 'image' => '20231001125620_20221107101946_fair price shoppp.jpg', 'article_date' => '2023-10-01 12:55:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19132', 'article_category_id' => '1', 'title' => 'Monsoon Exit to be Delayed by a Few Days', 'sub_title' => '', 'summary' => 'October 1: The Weather Forecasting Division under the Department of Hydrology and Meteorology has said this year's monsoon exit from Nepal will be delayed by a few days.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">October 1: The Weather Forecasting Division under the Department of Hydrology and Meteorology has said this year's monsoon exit from Nepal will be delayed by a few days.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although the average date of monsoon withdrawal in Nepal is October </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the department has mentioned that there is a possibility that this year's monsoon will exit a few days later than the average date. The division issued a special weather bulletin on Friday and predicted that the monsoon will be delayed due to the low pressure effect currently developing in the north-western parts of the Bay of Bengal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Sanjiv Adhikari, meteorologist of the division, said that although the monsoon exit date is October </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, there is a possibility of rain in the next few days due to the development of a rain-making system (low pressure area). </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"The process of monsoon exit from the western parts of India has already started. However, now a low pressure area has build up in the Bay of Bengal and it is becoming stronger and moving towards the north-west, so it seems that it will take some more time for the monsoon to leave Nepal," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the meteorologist, as the low pressure area is developing in the eastern parts of the country, there is a possibility of heavy rain in some parts of the country in the next two to four days. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"The low pressure system developed in the east may not affect the west and far west of the country. There is a possibility of more rain in the eastern and central parts of Nepal,” said Adhikari.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The farmers are already preparing to harvest paddy because the festival of Dashain is late this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The division has urged people involved in agriculture and transport service to remain alert as the impact of monsoon is most likely to affect these sectors.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The monsoon arrival date is June </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> but this year it entered Nepal a day later. Monsoon spreads across the country from the eastern parts of Nepal. Similarly, the earliest date of monsoon exit is October </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, it is likely to exit the country a few days later this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Caution is requested</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There is a possibility of partial to normal rainfall with thunder and lightning in many places of the country until Tuesday, according to the division. Likewise, heavy rainfall is likely to occur in one or two places in Koshi, Madhes, Gandaki and Lumbini provinces. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The division has requested the general public to take necessary precautions saying that there is a risk of landslides in the hill and mountainous areas due to rain. The division warned that the water level in large and small rivers and streams may rise and daily life may be affected along with road travel and air traffic.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Since it is the time for harvesting crop, the division has requested the general public and all concerned agencies to take necessary precautions.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18860', 'image' => '20231001120505_1696064685.jpg', 'article_date' => '2023-10-01 12:04:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19131', 'article_category_id' => '1', 'title' => 'North Korean Lifters Smash World Records in Asian Games', 'sub_title' => '', 'summary' => 'October 1: Hosts China romped to gold in the men's and women's 100m at the Asian Games as North Korea's weightlifters scorched several world records on an action-packed Saturday, reported AFP.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">October 1: Hosts China romped to gold in the men's and women's 100m at the Asian Games as North Korea's weightlifters scorched several world records on an action-packed Saturday, reported AFP.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the French news agency, golds were up for grabs on a damp day in Hangzhou in everything from diving and eSports to athletics and roller skating.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">China inevitably hoovered up many of them to take them to 114 golds in total at the halfway stage of the competition, well clear of Japan (28 golds) and South Korea (27).</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The 100m sprints are among the most prestigious events of any Games and it was two Chinese speedsters who thrilled the raucous crowd with victories at the 80,000-capacity Hangzhou Olympic stadium, added AFP</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">First, Ge Manqi raced to the line in 11.23sec to take the women's crown and then Xie Zhenye made it double home delight with his winning time of 9.97sec for the men's title.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Among other notable performances in track and field, the world's number-two ranked pole vaulter EJ Obiena of the Philippines cleared 5.90m for gold and a Games record.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt">Records tumble </span></strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">There were some eye-popping performances from North Korea's women weightlifters.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">They were competing at an international event for the first time since December 2019 after the country sealed its borders because of the pandemic.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">But that did not stop them from shattering a slew of world records.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Ri Song Gum broke two world records in the women's 49kg, the first weightlifting event in Hangzhou.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Then Kang Hyong Yong, a 24-year-old with no international pedigree, set a hat-trick of world records in snatch, clean and jerk, and combined on her way to gold in the women's 55kg class.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">There were tears on the podium as Ri and Kang saluted the North Korean flag -- which was hoisted once again in contravention of a World Anti-Doping Agency edict.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">WADA declared the country's national anti-doping body "non-compliant" in 2021 and slapped it with sanctions, including not being able to fly the flag at continental events.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Elsewhere, North Korea thrashed South Korea 4-1 in a feisty quarter-final of the women's football.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">South Korea, led by the English coach Colin Bell, included players who featured at the recent Women's World Cup, where they went out in the group phase.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The neighbours, who are still technically at war, were locked at 1-1 when South Korea forward Son Hwa-yeon was sent off for a second yellow card close to half time.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">North Korea made the most of their numerical advantage to score three times in the second period for an ultimately comfortable victory, their players celebrating wildly at the full-time whistle.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Pakistan and arch-rivals India then clashed in the men's hockey group stage.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The highly anticipated showdown turned out to be a mismatch, however, as India thrashed their neighbours 10-2.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18859', 'image' => '20231001110800_003397-01-02.jpg', 'article_date' => '2023-10-01 11:07:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '19130', 'article_category_id' => '1', 'title' => 'Nepal-China Agree to Open all Checkpoints: PM Dahal ', 'sub_title' => '', 'summary' => 'October 1: After wrapping up his week-long visit to China on Saturday, Prime Minister Pushpa Kamal Dahal said Nepal and China have reached an understanding to open all border checkpoints between the two countries which were operational before the coronavirus pandemic. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October </span></span></span><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif""><span style="font-size:18px">1</span>: </span></span><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">After wrapping up his week-long visit to China on Saturday, Prime Minister Pushpa Kamal Dahal said Nepal and China have reached an understanding to open all border checkpoints between the two countries which were operational before the coronavirus pandemic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Talking to media persons upon his arrival at Tribhuvan International Airport on Saturday after completing his official visit to China, PM Dahal shared that both Nepal and China have agreed to bring the checkpoints used locally in the border areas into operation after completing technical and necessary preparations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further mentioned that the Chinese government had expressed commitment to provide grants to systematize some checkpoints. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, significant discussion was held regarding regular operation of Pokhara Regional International Airport, added PM Dahal. He further said that Nepal needs to make internal preparations to operate two-way flights between Pokhara and Chengdu.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He added that discussion was also held on the issue of conducting regular flights from other cities of China. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, he thanked Deputy Prime Minister and Defence Minister Purna Bahadur Khadka for addressing the demands of the agitating teachers and health workers while he was out of the country. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => 'Nepal, China, border, checkpoint, open, pandemic', 'description' => '', 'sortorder' => '18858', 'image' => '20231001102618_1696062754.pm .jpg', 'article_date' => '2023-10-01 10:25:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19129', 'article_category_id' => '1', 'title' => 'Nepal Oil Corporation Hikes Prices of Petroleum Products', 'sub_title' => '', 'summary' => 'he meeting of the Nepal Oil Corporation's Board of Directors held on Saturday decided to raise the prices of petroleum products. The state-owned entity with monopoly in the import and distribution of the petroleum products has hiked the price of petrol per liter by Rs 2, diesel and kerosene by Rs 6 per liter.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 1: The meeting of the Nepal Oil Corporation's Board of Directors held on Saturday decided to raise the prices of petroleum products. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The state-owned entity with monopoly in the import and distribution of the petroleum products has hiked the price of petrol per liter by Rs 2, diesel and kerosene by Rs 6 per liter. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the NOC has hiked the price of cooking gas by Rs 215 per cylinder. Similarly, NOC has increased the the prices of both domestic and international aviation fuel by Rs 8 per liter.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With the revision of the price, the price of cooking gas per cylinder now costs Rs 2,110. The price of petrol in the first category (Charali, Biratnagar, Janakpur, Amlekhgunj, Bhairahawa, Nepalgunj, Dhangadhi, and Birgunj Depots) stands at Rs 182.5 per liter.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, the price of the petrol in the second category (Surkhet and Dang) is Rs 184, and in Kathmandu, Pokhara, and Dipayal Rs 185 per liter. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the price of diesel is set at Rs 176.5 per liter in the first category, Rs 178 in the second category, and Rs 179 in the third category. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">T</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">he price of domestic aviation fuel now costs Rs 144 per liter, and the international price is $1.095 per liter. The increased prices have come into effect after Saturday midnight. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18857', 'image' => '20231001062153_collage (10).jpg', 'article_date' => '2023-10-01 06:19:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '19128', 'article_category_id' => '1', 'title' => 'ADB Capital Management Reforms Unlock $100 Billion in New Funding Over Next Decade', 'sub_title' => '', 'summary' => 'September 29: The Asian Development Bank (ADB) on Friday approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 29: The Asian Development Bank (ADB) on Friday approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises. Issuing a statement on Friday, the ADB said expansion of available funds will be further leveraged through mobilizing private and domestic capital to move from the billions to trillions required to tackle the climate crisis.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB said it introduced the reforms through an update of ADB’s Capital Adequacy Framework (CAF). They expand the bank’s annual new commitments capacity to more than $36 billion—an increase of approximately $10 billion, or about 40%, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The bank said the expansion is achieved by optimizing ADB’s prudential level of capitalization while maintaining its overall risk appetite. The reforms also create a Countercyclical Lending Buffer to support ADB developing member countries (DMCs) facing unexpected crises.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB added that the measures, which will enable it to provide up to $360 billion of its own financing to its DMCs and private sector clients over the next decade, are designed to ensure ADB maintains its AAA credit rating and its ability to provide DMCs with funding at low cost and with long maturities. The reforms further safeguard ADB’s AAA credit rating through the introduction of a recovery plan that would prevent capital erosion during periods of financial stress. ADB’s capital adequacy framework is reviewed every three years.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“These important reforms will significantly expand ADB’s ability to support a broad range of critical development efforts across Asia and the Pacific, including greater concessional resources for our vulnerable members,” said ADB President Masatsugu Asakawa. “Our decision today is part of ADB’s response to the call for multilateral development banks (MDBs) to do more with our resources and faster. These resources will help the region manage a complex set of overlapping crises, address gender inequality, and provide for basic needs in the context of the existential challenge of climate change. This extra lending power will be extended and leveraged further by renewed efforts to mobilize private and domestic capital and maximize the impact of our work.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the ADB, private capital mobilization will play a critical role in leveraging billions to trillions, by expanding private sector involvement in the development agenda. Upstream actions will help improve macroeconomic policy and the institutional and enabling environment for private sector investment, spurring increased domestic and foreign investment. Midstream advisory support will help create project pipelines and prepare bankable projects that can attract private sector investment. Downstream financing will be structured to crowd in private capital in development projects, including de-risking for the private sector. Upstream enablement, and mid and downstream mobilization, will leverage ADB’s balance sheet, multiplying the resources available for the region’s development, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB further said economies must also mobilize more tax revenue, modernize tax authorities through digitalization, and cooperate to ensure a fair and well-functioning international tax system. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Domestic resource mobilization is vital in the effort to address debt sustainability and to achieve the Sustainable Development Goals. ADB established the Asia Pacific Tax Hub in 2021 to provide an open and inclusive platform for strategic policy dialogue, knowledge sharing, and development coordination among ADB, its members, and development partners.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB noted that Asia and the Pacific’s poor and vulnerable are acutely exposed to escalating and interconnected crises that jeopardize their health, educational outcomes, and livelihoods. An estimated 155 million people, or 3.9% of the region’s population, lived in extreme poverty in 2022 and many, in particular women, face a cost-of-living crisis that has made food and other essential commodities and services unaffordable, ADB wrote on its website.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The updated CAF is the latest of several initiatives by ADB to increase its lending capacity. In May, ADB established the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), which allows donors to guarantee parts of the existing sovereign loan portfolio on ADB’s balance sheet, thereby releasing capital for new climate projects. ADB said it has also entered into sovereign exposure exchange agreements with other MDBs to reduce portfolio concentration risks and leads the MDBs’ participation in the International Finance Facility for Education.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB said it is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18856', 'image' => '20230929083627_20220321091056_ADB.jpg', 'article_date' => '2023-09-29 20:35:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19127', 'article_category_id' => '1', 'title' => 'RBB and National Banking Institute Ink Agreement for Employees’ Training', 'sub_title' => '', 'summary' => 'Rastriya Banijya Bank Limited and National Banking Institute have signed an agreement to run certificate course on banking for the employees of the bank.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 29: Rastriya Banijya Bank Limited and National Banking Institute have signed an agreement to run banking certification courses for the employees of the bank.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Chief Executive Officer of the bank, Kiran Kumar Shrestha, and the Chief Executive Officer of the institute, Kumar Lamsal, have signed the agreement. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">As per this agreement, the institute will provide certification courses, including JANBI, CANBI, Moodys, and others, to one thousand employees of the bank to enhance their capacity and competency in the fiscal year 2023/2024. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The CEO of the bank, Shrestha, said that the bank's objective is to regularly provide training to its employees to achieve excellence.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Kumar Lamsal, the CEO of the institute, said that the Rastriya Bnaijya Bank has prioritized training for its employees in the banking sector, and training programmes will contribute to the growth of institution's productivity. </span></span></p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18855', 'image' => '20230929045749_collage (5).jpg', 'article_date' => '2023-09-29 16:56:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '19126', 'article_category_id' => '1', 'title' => 'Businessmen Hit Hard by ‘Tax Terror’', 'sub_title' => 'Government Giving Undue Pressure to Private Sector to Pay Taxes in Advance', 'summary' => 'September 29: At a time when the government’s revenue collection target is off the mark, authorizes are trying to meet the revenue target by hook or crook. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">September 29: At a time when the government’s revenue collection target is off the mark, authorizes are trying to meet the revenue target by hook or crook. They are making every possible attempts to stop revenue leakage and have also started calling businessmen in advance to pay their taxes.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">On one hand, the government has failed to acquire grants from the donor agencies while it has not been able to collect revenue as per the target. In such a situation, the ministry itself has issued instructions to its subordinate bodies to stop revenue leakage and to collect taxes in advance.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The industrialists said that the government has been exerting them to pay the taxes in advance.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The target of the government is especially big and middle level tax payers.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Hari Gautam, senior vice-president of Birgunj chapter of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) said that 'tax terror’ has amplified in recent days.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">“The industries are not operating in full capacity due to the recession. The income has dried up, while the tax authorities are calling us every day and asking us when we will pay the taxes. How are we going to pay the taxes in such situation?” said Gautam.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He complained that the state, which has set ambitious targets in the budget and does not pay any attention to reducing the current expenditure, is now collecting taxes by bullying the businessmen. As the state does not take effective steps to improve the stagnant economy, the existing industries are falling into more and more problems. He said that when the government took internal loans from the beginning of the current fiscal year to cover its expenses, a large amount of money going to industries and factories through the financial system was stopped.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Ashok Kumar Temani, president of Madhesh Province chapter of FNCCI said that the tax authorities are exerting pressure from all sides. He said that the government in the past used to discuss with businessmen before formulating ta policy. It stopped doing so after the onset of coronavirus pandemic, said Temani.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He complained that the government sets ambitious targets in the budget and then extorts money from the businessmen and industrialists.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">“Because of this, the industrial sector on the verge of collapse. There is a danger of the country falling into a major economic crisis,” said Temani. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He believes that the problem has deepened in the country since the government started considering remittances as the main source of income rather than supporting the productive sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Kamlesh Kumar Agarwal, senior vice president of Nepal Chamber of Commerce, says that the effect of the global recession is seen in Nepal's economy. In this context, it is not fair to give undue pressure to the private sector because the government’s income has declined.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to him, the current problem is not created by the private sector. Many industrialists and businessmen have fled due to the effects of the global recession. Agarwal said that the state should bring a policy to protect industry and business. It is not appropriate for the government to pressurize the private sector because its income is shrinking.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The income of the government is not satisfactory due to internal and external reasons rather than the non-payment of taxes by the industrialists and traders. He complains that although the impact of the decline in global trade due to the Covid-19 pandemic and Russia-Ukraine tension is seen in the economy, the government has not paid attention to policy reforms.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In recent months, the government has failed to collect revenue as per its target. According to the Finance Comptroller General's Office, the government has collected Rs 154.23 billion as of mid-August this year. This is Rs 8.78 billion less than the revenue collected in the same period of last year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">This year, the government is yet to receive foreign grants. The government has set a target of collecting Rs 1422 billion in revenue this year.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18854', 'image' => '20230929032614_taxxxxx.jpg', 'article_date' => '2023-09-29 15:25:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19125', 'article_category_id' => '1', 'title' => 'Nepal Preparing for Bilateral Air Service Agreements with Three Nations including Switzerland ', 'sub_title' => '', 'summary' => 'September 29: The government is preparing to enter into bilateral air service agreements with three nations, including Switzerland, with the aim of expanding Nepal's international flight connectivity. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: The government is preparing to enter into bilateral air service agreements with three nations, including Switzerland, with the aim of expanding Nepal's international flight connectivity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Ministry of Culture, Tourism, and Civil Aviation, Nepal has already signed bilateral air service agreements with 40 countries, with Australia being the latest addition. The government has already completed the paper works to add Switzerland, Indonesia, and Rwanda to this list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief of the Civil Aviation Division and Joint Secretary at the ministry, Buddhi Sagar Lamichhane, said they anticipate the draft of the agreement to be endorsed by the Council of Ministers soon. The location and timing for the formal signing of the agreements will be decided later. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that Nepal and Switzerland principally agreed for a bilateral air connectivity during the 41st Session of the International Civil Aviation Organisation (ICAO) Assembly held in September 27 – October 7, 2022 in Montreal, Canada. Both countries observed the signing the MoU to this regard, according to Civil Aviation Authority of Nepal (CANN). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal is also exploring the possibility of MoUs for air connectivity with various other nations, including Indonesia. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bilateral aviation agreements are considered vital instruments of a nation's foreign diplomacy, and the government is promoting such agreements. Nepal's international flight service system already includes over 20 destinations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">These agreements not only enhance structural relations with respective countries but also strengthen bilateral ties. Furthermore, it's important to note that these agreements are based on the standards set by the International Civil Aviation Organization (ICAO), Lamichhane added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the government is in the process of reviewing the agreements with Kuwait and the United Arab Emirates (UAE). This review has been proposed by Kuwait and the UAE themselves. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As part of its policies and programs for the current fiscal year, the government has announced its commitment to establishing new aviation relationships and expanding international flights. The European Union,, however, has banned airline companies of Nepal from flying on its airspace citing poor aviation standards. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18853', 'image' => '20230929025251_naccccc.jpg', 'article_date' => '2023-09-29 14:52:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19123', 'article_category_id' => '1', 'title' => 'Lawmakers Draw Government’s Attention to Curb Inflation, Black Marketing ', 'sub_title' => '', 'summary' => 'September 29: Members of Parliament have urged the government to remain vigilant about exorbitant price hike and black marketing of daily essentials including sugar as the major festivals such as Dashain and Tihar approaches. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: Members of Parliament have urged the government to remain vigilant about exorbitant price hike and black marketing of daily essentials including sugar as the major festivals such as Dashain and Tihar are just around the corner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A majority of the parliamentarians attending the meeting of the Public Account Committee under the House of Representatives this week said artificial shortage of daily consumable goods could be created during the festivals and thus brought this matter to the attention of the government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lawmaker Gokul Prasad Banskota emphasized the need of ensuring people's right to avail the daily essentials at an affordable price. He claimed that the shortage of sugar in the market, especially during the festivel season, was due to giving select persons privileges for the manufacturing and importing essential items. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Rajendra Prasad Lingden appealed to the government to pay timely attention to the plight of the consumers who were bearing the brunt of black marketing and inflation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Achyut Mainali and Dev Prasad Timalsina expressed concern over the undue advantage that were being taken by middlemen at the expense of genuine farmers when it came to chemical fertilizers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Arjun Narshing KC urged the government to take necessary steps as the general public were bearing the brunt of black marketeering of food items as the festive season approaches. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Ram Krishna Yadav demanded strict actions against those business persons involved in hoarding food items, thereby leaving consumers at the lurch. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lekhnath Dahal requested the committee members to take stock of the complaints and status of implementation of the decisions in the past to increase the effectiveness of the committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Shyam Ghimire questioned how long would the public corporations sustain with the grants and subsidies provided by the government due to their bleak financial conditions. He demanded effective market monitoring to curb the black marketing of the daily consumable items. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Manish Jha called for making the discussions of the committee public with the use of social media. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18852', 'image' => '20230929021540_20210812011140_Price Hike.jpg', 'article_date' => '2023-09-29 14:14:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19124', 'article_category_id' => '1', 'title' => ''Harry Potter' Character Dumbledore Dies Aged 82 ', 'sub_title' => '', 'summary' => 'eptember 29: British-Irish actor Michael Gambon, best known for playing Albus Dumbledore in six of the eight "Harry Potter" films, has died in hospital aged 82, his family announced Thursday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: British-Irish actor Michael Gambon, best known for playing Albus Dumbledore in six of the eight "Harry Potter" films, has died in hospital aged 82, his family announced Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gambon won four television BAFTAs and an Olivier award during a decades-spanning acting career across television, film, radio and theatre, which was capped by his beloved role as the headmaster of the wizarding school Hogwarts in the Potter series. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"We are devastated to announce the loss of Sir Michael Gambon," a statement issued on behalf of his family said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Beloved husband and father, Michael died peacefully in hospital with his wife Anne and son Fergus at his bedside, following a bout of pneumonia." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gambon, born in Ireland, began his illustrious acting career in theatre, making his first appearance on stage in a production of "Othello" at the Gates Theatre in the Irish capital Dublin in 1962. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He became well known in Britain for playing a French detective in the ITV series "Maigret", and for his 1986 role as Philip Marlow in screenwriter Dennis Potter's "The Singing Detective". </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He put in a memorable performance in the BBC's 2015 adaptation of JK Rowling's "The Casual Vacancy", while his theatre credentials include appearances in Alan Ayckbourn's "The Norman Conquests", "The Life Of Galileo" and Nicholas Hytner's National Theatre productions of "Henry IV". </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Film roles included in period dramas such as 2010's "The King's Speech" and 2001's "Gosford Park". </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">But he won global acclaim for his performances as Dumbledore in the wildly popular "Harry Potter" films, beginning with 1997's "Harry Potter and the Philosopher's Stone". </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gambon was knighted for his contribution to the entertainment industry in 1998. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tributes began to pour in following news of his death. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I'm so sad to hear that Michael Gambon has died," former Top Gear presenter Jeremy Clarkson said on social media, recalling that the actor was such a "tremendous guest" he had a corner named after him on the BBC show's race track. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"He was hugely amusing, and such a tremendous guest, we even named a corner after him." – AFP/RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18851', 'image' => '20230929023711_HP-F6-half-blood-prince-dumbledore-office-memory-cabinet-web-landscape.jpg', 'article_date' => '2023-09-29 14:36:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19122', 'article_category_id' => '1', 'title' => 'Manang Beverage launches Manang Valley Wine at 3500 Meters ', 'sub_title' => '', 'summary' => 'September 29: Manang Beverages recently launched the Manang Valley Wine at launch event in Manang’s Sabje Lake, 3500 meters above the sea level. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">September 29: Manang Beverages recently launched the Manang Valley Wine at launch event in Manang’s Sabje Lake, 3500 meters above the sea level. The company launched two premium apple wines with the aim to uplift the contribution of local farmers of Manang Valley. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">A team of journalists, along with actress Swastima Khadka joined the unveiling program at Manang, marking the “highest” altitude for a product launch on September 27. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">“We are thrilled to introduce the Manang Valley Wine, which encapsulates the pure</span> <span style="font-family:"Arial","sans-serif"">essence of the Himalayas. Utilizing state-of-the-art technology, we have artfully</span> <span style="font-family:"Arial","sans-serif"">transformed locally grown apples into a truly exquisite wine. We firmly believe that</span> <span style="font-family:"Arial","sans-serif"">Nepalese consumers, accustomed to foreign wines, will fall in love with the</span> <span style="font-family:"Arial","sans-serif"">enchantment of Manang Valley with every sip," said Aashraya Ranjitkar, managing director of Manang Valley Wine. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Ranjitkar is the third-generation win maker of his family and has partnered with Yuvaraj Gurung, a native of Manang and a third-generation apple farmer. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">“The incredible journey of the Manang Valley Wine makes it truly exciting for us, along with its exquisite taste,” Ranjitkar added.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The manufacturers express that every bottle of wine is a labour of love, a fusion of tradition and innovation, and a tribute to the rich heritage of Manang. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Manang Valley Wine not only represents the pinnacle of Nepali wine-making expertise but also demonstrates that it is possible to craft world-class products from local resources, said the manufacturers. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to the company, the launch at a mesmerising location aims to play a pivotal role in Manang's economic growth, offering a unique identity beyond its status as a renowned tourist destination. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The company said its distinctive taste, resulting from the perfect fusion of nature and culture, sets the wine apart as an unrivalled</span> <span style="font-family:"Arial","sans-serif"">gem in the world of fine beverages.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The two versions of Manang Valley Wine come in sweet and semi-sweet taste and are now available across the department store in Kathmandu at Rs 1025, Ranjitkar added.<strong> </strong></span></span></span></p> <p><br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18850', 'image' => '20230929011111_IMG_20230927_112548.jpg', 'article_date' => '2023-09-29 13:10:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19121', 'article_category_id' => '1', 'title' => 'Securities Board Preparing to Take Action against NEPSE', 'sub_title' => '', 'summary' => 'September 29: The Securities Board of Nepal (SEBON) is preparing to take action against the Nepal Stock Exchange (NEPSE) regarding the issue of Transaction Management System (TMS).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">September 29: The Securities Board of Nepal (SEBON) is preparing to take action against the Nepal Stock Exchange (NEPSE) regarding the issue of Transaction Management System (TMS).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Informing that a meeting of the board management committee of SEBON decided to take action against NEPSE, Chairman of the board Ramesh Kumar Hamal said that they have sought an explanation from NEPSE on this matter. Hamal said that NEPSE will be given 15 days for submitting a written explanation. He added that the board will take legal action if the explanation is not satisfactory.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Hamal made it clear that action will be taken against anyone found guilty in sensitive matters related to securities transactions. Hamal clarified that although both the SEBON and NEPSE are government agencies, this is the first time one government agency is preparing to take action against the other involved in the share market.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The board claimed that sensitive data of the securities market is within the reach of a particular company. Currently, the TMS and NEPSE Online Transaction System (NOTS) developed by YCO Company are in operation for managing the transactions of the secondary market of securities. The board decided to take action against NEPSE and asked for an explanation because all the details of the investors of the secondary market have been accessed by the private company YCO.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Although NEPSE received a letter from the board on September 24, the letter was not opened as Chief Executive Officer Krishna Bahadur Karki was out of the country for an event. NEPSE information officer Murahari Parajuli informed that the letter will be opened only after the chief executive officer is present at the office and the necessary action will taken.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In recent days, the board has stepped up efforts to take action in order to regulate the secondary market. Only a few days ago, the board took action against Care Ratings Nepal imposing a cash fine. The board imposed a cash fine of Rs 50,000 after it was found that the rating company was involved in rating against the law. This was the first incident where the board took action against the rating company. Apart from this, the board has also taken action against various broker companies, institutional investors and merchant bankers.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18849', 'image' => '20230929122607_Sebon-update.jpg', 'article_date' => '2023-09-29 12:25:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19120', 'article_category_id' => '1', 'title' => 'Nepal Fails to Secure Medals in the 19th Asian Games', 'sub_title' => '', 'summary' => 'September 29: A total of 610 medals have been distributed to the players in the ongoing Asia Games as of Thursday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: A total of 610 medals have been distributed to the players in the ongoing Asia Games as of Thursday. Runaway leader China tops the medals tally with 169 medals including 91 gold, 52 silver and 26 bronze medals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">South Korea is a distant second with 86 medals including 24 gold, 23 silver and 39 bronze medals followed by Japan with 18 gold medals, 30 silver and 31 bronze medals. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal, on the other hand, has performed poorly in the sports extravaganza and remains without any medal on the sixth day of the event. Nevertheless, Nepal is expected to win medals in e-sports, badminton and men's cricket tournament in which the national team smashed several world records in its comprehensive win against Mongolia on Wednesday. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Uzbekistan is in the fourth position with 6 gold medals, 10 silver and 15 bronze. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, India has so far secured 6 gold medals, eight silver and 11 bronze, to stay in the fifth position in the 19th Asian Games underway in Hangzhou City of China. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Thailand has got six gold medals, Hong Kong Special Administrative Region of China has five gold medals and Chinese Taipei has won four gold medals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the 45 participating countries, 33 countries have managed to bag the medals in the Asian Games which kicked off on Sunday. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18848', 'image' => '20230929114154_XxjpseE007751_20230923_PEPFN1A001.JPG', 'article_date' => '2023-09-29 11:40:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '19134', 'article_category_id' => '1', 'title' => 'Nepal gets Permission to Sell Electricity in India's Real Time Market', 'sub_title' => '', 'summary' => 'October 1: The Nepal Electricity Authority (NEA) has received permission from India for the first time to sell electricity in the real time market of India's Energy Exchange (IEX).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">October 1: The Nepal Electricity Authority (NEA) has received permission from India for the first time to sell electricity in the real time market of India's Energy Exchange (IEX).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Until now, the NEA had been selling electricity in India’s competitive energy market by bidding a day ahead. But now onwards, NEA will now be allowed to sell electricity by bidding just 1 hours and fifteen minutes in advance.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Central Electricity Authority under the Ministry of Electricity of India gave permission to NEA to sell electricity in the real time market on Saturday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On 31 July, the Ministry of Electricity of India amended the procedures of the bodies designated for the approval and facilitation of electricity import/export (cross border) and made arrangements to allow the authorized bodies of the neighboring countries to participate in the real time market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the first phase, the Central Electricity Authority of India has approved the sale of around 44 MW of electricity generated by the 19.4 MW Lower Modi and 24.25 MW Kabeli B1 hydropower projects in the real time market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The electricity of both these projects was being sold in the day-ahead market. The permission given to the day-ahead market was ending on Saturday. Prabal Adhikari, Director of Electricity Trading Department of the NEA said that India has granted permission for the sale of electricity generated by the two projects in both day-ahead and real time markets. Now the electricity of the two projects can be sold a day ahead and also as per the need in the real time market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Earlier, we had to wait for a day to import and export electricity in the competitive market, but now we are able to bid and do business 1 hour fifteen minutes in advance. This has created a situation where we can buy and sell electricity if the electricity production suddenly stops or if the production increases,” said Adhikari.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">NEA has been exporting surplus electricity of 110 MW in the rainy season to the Indian company NTPC Vidhyut Vyapar Nigam Limited (NVVN) through competition in IEX's day-ahead market and recently under a mid-term power agreement. NVVN is selling the electricity in the state of Haryana.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NEA has received approval for the export of 522 megawatts of electricity in the competitive market and 110 megawatts to Haryana for a total of 632 megawatts. Out of this, 562 MW of electricity is being exported through the Dhalkebar-Muzaffar 400 KV transmission line and 70 MW from Mahendranagar-Tanakpur 132 KV transmission line.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">NEA exported electricity worth Rs. 5.43 billion from mid-July to mid-September of the current financial year. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18862', 'image' => '20231001014005_20230716115331_eee.jpg', 'article_date' => '2023-10-01 13:39:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19133', 'article_category_id' => '1', 'title' => 'Government’s Emergency Warehouse has Insufficient Food Stocks', 'sub_title' => '', 'summary' => 'October 1: The government's emergency warehouse has only half the food stock the prescrimed amount.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">October 1: The government's emergency warehouse has only half the food stock the prescrimed amount.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">There is a provision that the government should mandatorily keep 33,000 metric tons of food in stock for emergency situations like epidemics, earthquakes and floods. However, currently, the government-owned Food Management and Trading Company Limited has only about 16,000 metric tons of food in stock.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Officials say that the company has 12,300 metric tons of rice, 435 metric tons of paddy, 3,400 metric tons of wheat and 4 metric tons of lentils along with 1,085 liters of cooking oil. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Information officer Sharmila Subedi admitted that the company has never been able to stock more than 25,000 metric tons of food grains even before. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">“We never have 33,000 metric tons of food. It’s always around 20,000/22,000 thousand metric tons and up to 25,000 metric tons during peak season. There is a problem of food getting spoiled if the stock is kept for a long time. So we have maintained less stock of food,” said Subedi.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to her, the current need is the operation of fair price shops targeting Dashain Tihar festivals. Newly-harvested paddy will start coming in almost immediately. Therefore, even if there is not enough stock, there is not much of a problem, added Subedi.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Stakeholders say that the government is to blame for not having enough food stocks with the state-owned companies. Consumer rights activist Madhav Timilsina said that the government did not set the support price for rice and wheat on time, released the budget late, started the purchase of rice and wheat late, and failed to purchase according to the target. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">“Since the support price is fixed too late, the company cannot procure food in time. If there is no purchase in time, the company will have to buy rice again,” he said, adding this creates shortage of food all the time.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to Timilsina, this happens when both the food companies and the government are irresponsible towards the citizens.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The government cannot intervene in the market to stop inflation when there is not enough food in the government’s own food store. Now the price of every food item in the market is on the rise. While the sugar stock with the government company is zero, its retail price in the market has reached Rs 135 per kg. The price of all types of rice has increased by up to Rs 100 per bag.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">As the festive season approaches, traders and businessmen have started the monopoly of the market while black marketing has flourished. Government companies have only fulfilled their rituals in the name of opening fair-price shops.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18861', 'image' => '20231001125620_20221107101946_fair price shoppp.jpg', 'article_date' => '2023-10-01 12:55:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19132', 'article_category_id' => '1', 'title' => 'Monsoon Exit to be Delayed by a Few Days', 'sub_title' => '', 'summary' => 'October 1: The Weather Forecasting Division under the Department of Hydrology and Meteorology has said this year's monsoon exit from Nepal will be delayed by a few days.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">October 1: The Weather Forecasting Division under the Department of Hydrology and Meteorology has said this year's monsoon exit from Nepal will be delayed by a few days.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although the average date of monsoon withdrawal in Nepal is October </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the department has mentioned that there is a possibility that this year's monsoon will exit a few days later than the average date. The division issued a special weather bulletin on Friday and predicted that the monsoon will be delayed due to the low pressure effect currently developing in the north-western parts of the Bay of Bengal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Sanjiv Adhikari, meteorologist of the division, said that although the monsoon exit date is October </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, there is a possibility of rain in the next few days due to the development of a rain-making system (low pressure area). </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"The process of monsoon exit from the western parts of India has already started. However, now a low pressure area has build up in the Bay of Bengal and it is becoming stronger and moving towards the north-west, so it seems that it will take some more time for the monsoon to leave Nepal," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the meteorologist, as the low pressure area is developing in the eastern parts of the country, there is a possibility of heavy rain in some parts of the country in the next two to four days. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"The low pressure system developed in the east may not affect the west and far west of the country. There is a possibility of more rain in the eastern and central parts of Nepal,” said Adhikari.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The farmers are already preparing to harvest paddy because the festival of Dashain is late this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The division has urged people involved in agriculture and transport service to remain alert as the impact of monsoon is most likely to affect these sectors.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The monsoon arrival date is June </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> but this year it entered Nepal a day later. Monsoon spreads across the country from the eastern parts of Nepal. Similarly, the earliest date of monsoon exit is October </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, it is likely to exit the country a few days later this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Caution is requested</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There is a possibility of partial to normal rainfall with thunder and lightning in many places of the country until Tuesday, according to the division. Likewise, heavy rainfall is likely to occur in one or two places in Koshi, Madhes, Gandaki and Lumbini provinces. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The division has requested the general public to take necessary precautions saying that there is a risk of landslides in the hill and mountainous areas due to rain. The division warned that the water level in large and small rivers and streams may rise and daily life may be affected along with road travel and air traffic.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Since it is the time for harvesting crop, the division has requested the general public and all concerned agencies to take necessary precautions.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18860', 'image' => '20231001120505_1696064685.jpg', 'article_date' => '2023-10-01 12:04:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19131', 'article_category_id' => '1', 'title' => 'North Korean Lifters Smash World Records in Asian Games', 'sub_title' => '', 'summary' => 'October 1: Hosts China romped to gold in the men's and women's 100m at the Asian Games as North Korea's weightlifters scorched several world records on an action-packed Saturday, reported AFP.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">October 1: Hosts China romped to gold in the men's and women's 100m at the Asian Games as North Korea's weightlifters scorched several world records on an action-packed Saturday, reported AFP.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the French news agency, golds were up for grabs on a damp day in Hangzhou in everything from diving and eSports to athletics and roller skating.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">China inevitably hoovered up many of them to take them to 114 golds in total at the halfway stage of the competition, well clear of Japan (28 golds) and South Korea (27).</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The 100m sprints are among the most prestigious events of any Games and it was two Chinese speedsters who thrilled the raucous crowd with victories at the 80,000-capacity Hangzhou Olympic stadium, added AFP</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">First, Ge Manqi raced to the line in 11.23sec to take the women's crown and then Xie Zhenye made it double home delight with his winning time of 9.97sec for the men's title.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Among other notable performances in track and field, the world's number-two ranked pole vaulter EJ Obiena of the Philippines cleared 5.90m for gold and a Games record.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt">Records tumble </span></strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">There were some eye-popping performances from North Korea's women weightlifters.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">They were competing at an international event for the first time since December 2019 after the country sealed its borders because of the pandemic.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">But that did not stop them from shattering a slew of world records.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Ri Song Gum broke two world records in the women's 49kg, the first weightlifting event in Hangzhou.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Then Kang Hyong Yong, a 24-year-old with no international pedigree, set a hat-trick of world records in snatch, clean and jerk, and combined on her way to gold in the women's 55kg class.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">There were tears on the podium as Ri and Kang saluted the North Korean flag -- which was hoisted once again in contravention of a World Anti-Doping Agency edict.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">WADA declared the country's national anti-doping body "non-compliant" in 2021 and slapped it with sanctions, including not being able to fly the flag at continental events.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Elsewhere, North Korea thrashed South Korea 4-1 in a feisty quarter-final of the women's football.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">South Korea, led by the English coach Colin Bell, included players who featured at the recent Women's World Cup, where they went out in the group phase.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The neighbours, who are still technically at war, were locked at 1-1 when South Korea forward Son Hwa-yeon was sent off for a second yellow card close to half time.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">North Korea made the most of their numerical advantage to score three times in the second period for an ultimately comfortable victory, their players celebrating wildly at the full-time whistle.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Pakistan and arch-rivals India then clashed in the men's hockey group stage.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The highly anticipated showdown turned out to be a mismatch, however, as India thrashed their neighbours 10-2.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18859', 'image' => '20231001110800_003397-01-02.jpg', 'article_date' => '2023-10-01 11:07:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '19130', 'article_category_id' => '1', 'title' => 'Nepal-China Agree to Open all Checkpoints: PM Dahal ', 'sub_title' => '', 'summary' => 'October 1: After wrapping up his week-long visit to China on Saturday, Prime Minister Pushpa Kamal Dahal said Nepal and China have reached an understanding to open all border checkpoints between the two countries which were operational before the coronavirus pandemic. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October </span></span></span><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif""><span style="font-size:18px">1</span>: </span></span><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">After wrapping up his week-long visit to China on Saturday, Prime Minister Pushpa Kamal Dahal said Nepal and China have reached an understanding to open all border checkpoints between the two countries which were operational before the coronavirus pandemic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Talking to media persons upon his arrival at Tribhuvan International Airport on Saturday after completing his official visit to China, PM Dahal shared that both Nepal and China have agreed to bring the checkpoints used locally in the border areas into operation after completing technical and necessary preparations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further mentioned that the Chinese government had expressed commitment to provide grants to systematize some checkpoints. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, significant discussion was held regarding regular operation of Pokhara Regional International Airport, added PM Dahal. He further said that Nepal needs to make internal preparations to operate two-way flights between Pokhara and Chengdu.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He added that discussion was also held on the issue of conducting regular flights from other cities of China. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, he thanked Deputy Prime Minister and Defence Minister Purna Bahadur Khadka for addressing the demands of the agitating teachers and health workers while he was out of the country. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => 'Nepal, China, border, checkpoint, open, pandemic', 'description' => '', 'sortorder' => '18858', 'image' => '20231001102618_1696062754.pm .jpg', 'article_date' => '2023-10-01 10:25:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19129', 'article_category_id' => '1', 'title' => 'Nepal Oil Corporation Hikes Prices of Petroleum Products', 'sub_title' => '', 'summary' => 'he meeting of the Nepal Oil Corporation's Board of Directors held on Saturday decided to raise the prices of petroleum products. The state-owned entity with monopoly in the import and distribution of the petroleum products has hiked the price of petrol per liter by Rs 2, diesel and kerosene by Rs 6 per liter.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 1: The meeting of the Nepal Oil Corporation's Board of Directors held on Saturday decided to raise the prices of petroleum products. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The state-owned entity with monopoly in the import and distribution of the petroleum products has hiked the price of petrol per liter by Rs 2, diesel and kerosene by Rs 6 per liter. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the NOC has hiked the price of cooking gas by Rs 215 per cylinder. Similarly, NOC has increased the the prices of both domestic and international aviation fuel by Rs 8 per liter.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With the revision of the price, the price of cooking gas per cylinder now costs Rs 2,110. The price of petrol in the first category (Charali, Biratnagar, Janakpur, Amlekhgunj, Bhairahawa, Nepalgunj, Dhangadhi, and Birgunj Depots) stands at Rs 182.5 per liter.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, the price of the petrol in the second category (Surkhet and Dang) is Rs 184, and in Kathmandu, Pokhara, and Dipayal Rs 185 per liter. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the price of diesel is set at Rs 176.5 per liter in the first category, Rs 178 in the second category, and Rs 179 in the third category. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">T</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">he price of domestic aviation fuel now costs Rs 144 per liter, and the international price is $1.095 per liter. The increased prices have come into effect after Saturday midnight. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18857', 'image' => '20231001062153_collage (10).jpg', 'article_date' => '2023-10-01 06:19:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '19128', 'article_category_id' => '1', 'title' => 'ADB Capital Management Reforms Unlock $100 Billion in New Funding Over Next Decade', 'sub_title' => '', 'summary' => 'September 29: The Asian Development Bank (ADB) on Friday approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 29: The Asian Development Bank (ADB) on Friday approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises. Issuing a statement on Friday, the ADB said expansion of available funds will be further leveraged through mobilizing private and domestic capital to move from the billions to trillions required to tackle the climate crisis.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB said it introduced the reforms through an update of ADB’s Capital Adequacy Framework (CAF). They expand the bank’s annual new commitments capacity to more than $36 billion—an increase of approximately $10 billion, or about 40%, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The bank said the expansion is achieved by optimizing ADB’s prudential level of capitalization while maintaining its overall risk appetite. The reforms also create a Countercyclical Lending Buffer to support ADB developing member countries (DMCs) facing unexpected crises.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB added that the measures, which will enable it to provide up to $360 billion of its own financing to its DMCs and private sector clients over the next decade, are designed to ensure ADB maintains its AAA credit rating and its ability to provide DMCs with funding at low cost and with long maturities. The reforms further safeguard ADB’s AAA credit rating through the introduction of a recovery plan that would prevent capital erosion during periods of financial stress. ADB’s capital adequacy framework is reviewed every three years.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“These important reforms will significantly expand ADB’s ability to support a broad range of critical development efforts across Asia and the Pacific, including greater concessional resources for our vulnerable members,” said ADB President Masatsugu Asakawa. “Our decision today is part of ADB’s response to the call for multilateral development banks (MDBs) to do more with our resources and faster. These resources will help the region manage a complex set of overlapping crises, address gender inequality, and provide for basic needs in the context of the existential challenge of climate change. This extra lending power will be extended and leveraged further by renewed efforts to mobilize private and domestic capital and maximize the impact of our work.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the ADB, private capital mobilization will play a critical role in leveraging billions to trillions, by expanding private sector involvement in the development agenda. Upstream actions will help improve macroeconomic policy and the institutional and enabling environment for private sector investment, spurring increased domestic and foreign investment. Midstream advisory support will help create project pipelines and prepare bankable projects that can attract private sector investment. Downstream financing will be structured to crowd in private capital in development projects, including de-risking for the private sector. Upstream enablement, and mid and downstream mobilization, will leverage ADB’s balance sheet, multiplying the resources available for the region’s development, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB further said economies must also mobilize more tax revenue, modernize tax authorities through digitalization, and cooperate to ensure a fair and well-functioning international tax system. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Domestic resource mobilization is vital in the effort to address debt sustainability and to achieve the Sustainable Development Goals. ADB established the Asia Pacific Tax Hub in 2021 to provide an open and inclusive platform for strategic policy dialogue, knowledge sharing, and development coordination among ADB, its members, and development partners.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB noted that Asia and the Pacific’s poor and vulnerable are acutely exposed to escalating and interconnected crises that jeopardize their health, educational outcomes, and livelihoods. An estimated 155 million people, or 3.9% of the region’s population, lived in extreme poverty in 2022 and many, in particular women, face a cost-of-living crisis that has made food and other essential commodities and services unaffordable, ADB wrote on its website.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The updated CAF is the latest of several initiatives by ADB to increase its lending capacity. In May, ADB established the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), which allows donors to guarantee parts of the existing sovereign loan portfolio on ADB’s balance sheet, thereby releasing capital for new climate projects. ADB said it has also entered into sovereign exposure exchange agreements with other MDBs to reduce portfolio concentration risks and leads the MDBs’ participation in the International Finance Facility for Education.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB said it is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18856', 'image' => '20230929083627_20220321091056_ADB.jpg', 'article_date' => '2023-09-29 20:35:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19127', 'article_category_id' => '1', 'title' => 'RBB and National Banking Institute Ink Agreement for Employees’ Training', 'sub_title' => '', 'summary' => 'Rastriya Banijya Bank Limited and National Banking Institute have signed an agreement to run certificate course on banking for the employees of the bank.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 29: Rastriya Banijya Bank Limited and National Banking Institute have signed an agreement to run banking certification courses for the employees of the bank.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Chief Executive Officer of the bank, Kiran Kumar Shrestha, and the Chief Executive Officer of the institute, Kumar Lamsal, have signed the agreement. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">As per this agreement, the institute will provide certification courses, including JANBI, CANBI, Moodys, and others, to one thousand employees of the bank to enhance their capacity and competency in the fiscal year 2023/2024. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The CEO of the bank, Shrestha, said that the bank's objective is to regularly provide training to its employees to achieve excellence.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Kumar Lamsal, the CEO of the institute, said that the Rastriya Bnaijya Bank has prioritized training for its employees in the banking sector, and training programmes will contribute to the growth of institution's productivity. </span></span></p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18855', 'image' => '20230929045749_collage (5).jpg', 'article_date' => '2023-09-29 16:56:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '19126', 'article_category_id' => '1', 'title' => 'Businessmen Hit Hard by ‘Tax Terror’', 'sub_title' => 'Government Giving Undue Pressure to Private Sector to Pay Taxes in Advance', 'summary' => 'September 29: At a time when the government’s revenue collection target is off the mark, authorizes are trying to meet the revenue target by hook or crook. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">September 29: At a time when the government’s revenue collection target is off the mark, authorizes are trying to meet the revenue target by hook or crook. They are making every possible attempts to stop revenue leakage and have also started calling businessmen in advance to pay their taxes.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">On one hand, the government has failed to acquire grants from the donor agencies while it has not been able to collect revenue as per the target. In such a situation, the ministry itself has issued instructions to its subordinate bodies to stop revenue leakage and to collect taxes in advance.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The industrialists said that the government has been exerting them to pay the taxes in advance.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The target of the government is especially big and middle level tax payers.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Hari Gautam, senior vice-president of Birgunj chapter of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) said that 'tax terror’ has amplified in recent days.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">“The industries are not operating in full capacity due to the recession. The income has dried up, while the tax authorities are calling us every day and asking us when we will pay the taxes. How are we going to pay the taxes in such situation?” said Gautam.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He complained that the state, which has set ambitious targets in the budget and does not pay any attention to reducing the current expenditure, is now collecting taxes by bullying the businessmen. As the state does not take effective steps to improve the stagnant economy, the existing industries are falling into more and more problems. He said that when the government took internal loans from the beginning of the current fiscal year to cover its expenses, a large amount of money going to industries and factories through the financial system was stopped.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Ashok Kumar Temani, president of Madhesh Province chapter of FNCCI said that the tax authorities are exerting pressure from all sides. He said that the government in the past used to discuss with businessmen before formulating ta policy. It stopped doing so after the onset of coronavirus pandemic, said Temani.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He complained that the government sets ambitious targets in the budget and then extorts money from the businessmen and industrialists.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">“Because of this, the industrial sector on the verge of collapse. There is a danger of the country falling into a major economic crisis,” said Temani. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He believes that the problem has deepened in the country since the government started considering remittances as the main source of income rather than supporting the productive sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Kamlesh Kumar Agarwal, senior vice president of Nepal Chamber of Commerce, says that the effect of the global recession is seen in Nepal's economy. In this context, it is not fair to give undue pressure to the private sector because the government’s income has declined.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to him, the current problem is not created by the private sector. Many industrialists and businessmen have fled due to the effects of the global recession. Agarwal said that the state should bring a policy to protect industry and business. It is not appropriate for the government to pressurize the private sector because its income is shrinking.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The income of the government is not satisfactory due to internal and external reasons rather than the non-payment of taxes by the industrialists and traders. He complains that although the impact of the decline in global trade due to the Covid-19 pandemic and Russia-Ukraine tension is seen in the economy, the government has not paid attention to policy reforms.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In recent months, the government has failed to collect revenue as per its target. According to the Finance Comptroller General's Office, the government has collected Rs 154.23 billion as of mid-August this year. This is Rs 8.78 billion less than the revenue collected in the same period of last year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">This year, the government is yet to receive foreign grants. The government has set a target of collecting Rs 1422 billion in revenue this year.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18854', 'image' => '20230929032614_taxxxxx.jpg', 'article_date' => '2023-09-29 15:25:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19125', 'article_category_id' => '1', 'title' => 'Nepal Preparing for Bilateral Air Service Agreements with Three Nations including Switzerland ', 'sub_title' => '', 'summary' => 'September 29: The government is preparing to enter into bilateral air service agreements with three nations, including Switzerland, with the aim of expanding Nepal's international flight connectivity. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: The government is preparing to enter into bilateral air service agreements with three nations, including Switzerland, with the aim of expanding Nepal's international flight connectivity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Ministry of Culture, Tourism, and Civil Aviation, Nepal has already signed bilateral air service agreements with 40 countries, with Australia being the latest addition. The government has already completed the paper works to add Switzerland, Indonesia, and Rwanda to this list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief of the Civil Aviation Division and Joint Secretary at the ministry, Buddhi Sagar Lamichhane, said they anticipate the draft of the agreement to be endorsed by the Council of Ministers soon. The location and timing for the formal signing of the agreements will be decided later. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that Nepal and Switzerland principally agreed for a bilateral air connectivity during the 41st Session of the International Civil Aviation Organisation (ICAO) Assembly held in September 27 – October 7, 2022 in Montreal, Canada. Both countries observed the signing the MoU to this regard, according to Civil Aviation Authority of Nepal (CANN). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal is also exploring the possibility of MoUs for air connectivity with various other nations, including Indonesia. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bilateral aviation agreements are considered vital instruments of a nation's foreign diplomacy, and the government is promoting such agreements. Nepal's international flight service system already includes over 20 destinations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">These agreements not only enhance structural relations with respective countries but also strengthen bilateral ties. Furthermore, it's important to note that these agreements are based on the standards set by the International Civil Aviation Organization (ICAO), Lamichhane added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the government is in the process of reviewing the agreements with Kuwait and the United Arab Emirates (UAE). This review has been proposed by Kuwait and the UAE themselves. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As part of its policies and programs for the current fiscal year, the government has announced its commitment to establishing new aviation relationships and expanding international flights. The European Union,, however, has banned airline companies of Nepal from flying on its airspace citing poor aviation standards. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18853', 'image' => '20230929025251_naccccc.jpg', 'article_date' => '2023-09-29 14:52:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19123', 'article_category_id' => '1', 'title' => 'Lawmakers Draw Government’s Attention to Curb Inflation, Black Marketing ', 'sub_title' => '', 'summary' => 'September 29: Members of Parliament have urged the government to remain vigilant about exorbitant price hike and black marketing of daily essentials including sugar as the major festivals such as Dashain and Tihar approaches. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: Members of Parliament have urged the government to remain vigilant about exorbitant price hike and black marketing of daily essentials including sugar as the major festivals such as Dashain and Tihar are just around the corner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A majority of the parliamentarians attending the meeting of the Public Account Committee under the House of Representatives this week said artificial shortage of daily consumable goods could be created during the festivals and thus brought this matter to the attention of the government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lawmaker Gokul Prasad Banskota emphasized the need of ensuring people's right to avail the daily essentials at an affordable price. He claimed that the shortage of sugar in the market, especially during the festivel season, was due to giving select persons privileges for the manufacturing and importing essential items. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Rajendra Prasad Lingden appealed to the government to pay timely attention to the plight of the consumers who were bearing the brunt of black marketing and inflation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Achyut Mainali and Dev Prasad Timalsina expressed concern over the undue advantage that were being taken by middlemen at the expense of genuine farmers when it came to chemical fertilizers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Arjun Narshing KC urged the government to take necessary steps as the general public were bearing the brunt of black marketeering of food items as the festive season approaches. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Ram Krishna Yadav demanded strict actions against those business persons involved in hoarding food items, thereby leaving consumers at the lurch. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lekhnath Dahal requested the committee members to take stock of the complaints and status of implementation of the decisions in the past to increase the effectiveness of the committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Shyam Ghimire questioned how long would the public corporations sustain with the grants and subsidies provided by the government due to their bleak financial conditions. He demanded effective market monitoring to curb the black marketing of the daily consumable items. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Manish Jha called for making the discussions of the committee public with the use of social media. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18852', 'image' => '20230929021540_20210812011140_Price Hike.jpg', 'article_date' => '2023-09-29 14:14:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19124', 'article_category_id' => '1', 'title' => ''Harry Potter' Character Dumbledore Dies Aged 82 ', 'sub_title' => '', 'summary' => 'eptember 29: British-Irish actor Michael Gambon, best known for playing Albus Dumbledore in six of the eight "Harry Potter" films, has died in hospital aged 82, his family announced Thursday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: British-Irish actor Michael Gambon, best known for playing Albus Dumbledore in six of the eight "Harry Potter" films, has died in hospital aged 82, his family announced Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gambon won four television BAFTAs and an Olivier award during a decades-spanning acting career across television, film, radio and theatre, which was capped by his beloved role as the headmaster of the wizarding school Hogwarts in the Potter series. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"We are devastated to announce the loss of Sir Michael Gambon," a statement issued on behalf of his family said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Beloved husband and father, Michael died peacefully in hospital with his wife Anne and son Fergus at his bedside, following a bout of pneumonia." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gambon, born in Ireland, began his illustrious acting career in theatre, making his first appearance on stage in a production of "Othello" at the Gates Theatre in the Irish capital Dublin in 1962. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He became well known in Britain for playing a French detective in the ITV series "Maigret", and for his 1986 role as Philip Marlow in screenwriter Dennis Potter's "The Singing Detective". </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He put in a memorable performance in the BBC's 2015 adaptation of JK Rowling's "The Casual Vacancy", while his theatre credentials include appearances in Alan Ayckbourn's "The Norman Conquests", "The Life Of Galileo" and Nicholas Hytner's National Theatre productions of "Henry IV". </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Film roles included in period dramas such as 2010's "The King's Speech" and 2001's "Gosford Park". </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">But he won global acclaim for his performances as Dumbledore in the wildly popular "Harry Potter" films, beginning with 1997's "Harry Potter and the Philosopher's Stone". </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gambon was knighted for his contribution to the entertainment industry in 1998. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tributes began to pour in following news of his death. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I'm so sad to hear that Michael Gambon has died," former Top Gear presenter Jeremy Clarkson said on social media, recalling that the actor was such a "tremendous guest" he had a corner named after him on the BBC show's race track. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"He was hugely amusing, and such a tremendous guest, we even named a corner after him." – AFP/RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18851', 'image' => '20230929023711_HP-F6-half-blood-prince-dumbledore-office-memory-cabinet-web-landscape.jpg', 'article_date' => '2023-09-29 14:36:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19122', 'article_category_id' => '1', 'title' => 'Manang Beverage launches Manang Valley Wine at 3500 Meters ', 'sub_title' => '', 'summary' => 'September 29: Manang Beverages recently launched the Manang Valley Wine at launch event in Manang’s Sabje Lake, 3500 meters above the sea level. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">September 29: Manang Beverages recently launched the Manang Valley Wine at launch event in Manang’s Sabje Lake, 3500 meters above the sea level. The company launched two premium apple wines with the aim to uplift the contribution of local farmers of Manang Valley. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">A team of journalists, along with actress Swastima Khadka joined the unveiling program at Manang, marking the “highest” altitude for a product launch on September 27. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">“We are thrilled to introduce the Manang Valley Wine, which encapsulates the pure</span> <span style="font-family:"Arial","sans-serif"">essence of the Himalayas. Utilizing state-of-the-art technology, we have artfully</span> <span style="font-family:"Arial","sans-serif"">transformed locally grown apples into a truly exquisite wine. We firmly believe that</span> <span style="font-family:"Arial","sans-serif"">Nepalese consumers, accustomed to foreign wines, will fall in love with the</span> <span style="font-family:"Arial","sans-serif"">enchantment of Manang Valley with every sip," said Aashraya Ranjitkar, managing director of Manang Valley Wine. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Ranjitkar is the third-generation win maker of his family and has partnered with Yuvaraj Gurung, a native of Manang and a third-generation apple farmer. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">“The incredible journey of the Manang Valley Wine makes it truly exciting for us, along with its exquisite taste,” Ranjitkar added.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The manufacturers express that every bottle of wine is a labour of love, a fusion of tradition and innovation, and a tribute to the rich heritage of Manang. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Manang Valley Wine not only represents the pinnacle of Nepali wine-making expertise but also demonstrates that it is possible to craft world-class products from local resources, said the manufacturers. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to the company, the launch at a mesmerising location aims to play a pivotal role in Manang's economic growth, offering a unique identity beyond its status as a renowned tourist destination. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The company said its distinctive taste, resulting from the perfect fusion of nature and culture, sets the wine apart as an unrivalled</span> <span style="font-family:"Arial","sans-serif"">gem in the world of fine beverages.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The two versions of Manang Valley Wine come in sweet and semi-sweet taste and are now available across the department store in Kathmandu at Rs 1025, Ranjitkar added.<strong> </strong></span></span></span></p> <p><br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18850', 'image' => '20230929011111_IMG_20230927_112548.jpg', 'article_date' => '2023-09-29 13:10:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19121', 'article_category_id' => '1', 'title' => 'Securities Board Preparing to Take Action against NEPSE', 'sub_title' => '', 'summary' => 'September 29: The Securities Board of Nepal (SEBON) is preparing to take action against the Nepal Stock Exchange (NEPSE) regarding the issue of Transaction Management System (TMS).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">September 29: The Securities Board of Nepal (SEBON) is preparing to take action against the Nepal Stock Exchange (NEPSE) regarding the issue of Transaction Management System (TMS).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Informing that a meeting of the board management committee of SEBON decided to take action against NEPSE, Chairman of the board Ramesh Kumar Hamal said that they have sought an explanation from NEPSE on this matter. Hamal said that NEPSE will be given 15 days for submitting a written explanation. He added that the board will take legal action if the explanation is not satisfactory.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Hamal made it clear that action will be taken against anyone found guilty in sensitive matters related to securities transactions. Hamal clarified that although both the SEBON and NEPSE are government agencies, this is the first time one government agency is preparing to take action against the other involved in the share market.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The board claimed that sensitive data of the securities market is within the reach of a particular company. Currently, the TMS and NEPSE Online Transaction System (NOTS) developed by YCO Company are in operation for managing the transactions of the secondary market of securities. The board decided to take action against NEPSE and asked for an explanation because all the details of the investors of the secondary market have been accessed by the private company YCO.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Although NEPSE received a letter from the board on September 24, the letter was not opened as Chief Executive Officer Krishna Bahadur Karki was out of the country for an event. NEPSE information officer Murahari Parajuli informed that the letter will be opened only after the chief executive officer is present at the office and the necessary action will taken.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In recent days, the board has stepped up efforts to take action in order to regulate the secondary market. Only a few days ago, the board took action against Care Ratings Nepal imposing a cash fine. The board imposed a cash fine of Rs 50,000 after it was found that the rating company was involved in rating against the law. This was the first incident where the board took action against the rating company. Apart from this, the board has also taken action against various broker companies, institutional investors and merchant bankers.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18849', 'image' => '20230929122607_Sebon-update.jpg', 'article_date' => '2023-09-29 12:25:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19120', 'article_category_id' => '1', 'title' => 'Nepal Fails to Secure Medals in the 19th Asian Games', 'sub_title' => '', 'summary' => 'September 29: A total of 610 medals have been distributed to the players in the ongoing Asia Games as of Thursday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: A total of 610 medals have been distributed to the players in the ongoing Asia Games as of Thursday. Runaway leader China tops the medals tally with 169 medals including 91 gold, 52 silver and 26 bronze medals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">South Korea is a distant second with 86 medals including 24 gold, 23 silver and 39 bronze medals followed by Japan with 18 gold medals, 30 silver and 31 bronze medals. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal, on the other hand, has performed poorly in the sports extravaganza and remains without any medal on the sixth day of the event. Nevertheless, Nepal is expected to win medals in e-sports, badminton and men's cricket tournament in which the national team smashed several world records in its comprehensive win against Mongolia on Wednesday. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Uzbekistan is in the fourth position with 6 gold medals, 10 silver and 15 bronze. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, India has so far secured 6 gold medals, eight silver and 11 bronze, to stay in the fifth position in the 19th Asian Games underway in Hangzhou City of China. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Thailand has got six gold medals, Hong Kong Special Administrative Region of China has five gold medals and Chinese Taipei has won four gold medals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the 45 participating countries, 33 countries have managed to bag the medals in the Asian Games which kicked off on Sunday. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18848', 'image' => '20230929114154_XxjpseE007751_20230923_PEPFN1A001.JPG', 'article_date' => '2023-09-29 11:40:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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But now onwards, NEA will now be allowed to sell electricity by bidding just 1 hours and fifteen minutes in advance.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Central Electricity Authority under the Ministry of Electricity of India gave permission to NEA to sell electricity in the real time market on Saturday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On 31 July, the Ministry of Electricity of India amended the procedures of the bodies designated for the approval and facilitation of electricity import/export (cross border) and made arrangements to allow the authorized bodies of the neighboring countries to participate in the real time market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the first phase, the Central Electricity Authority of India has approved the sale of around 44 MW of electricity generated by the 19.4 MW Lower Modi and 24.25 MW Kabeli B1 hydropower projects in the real time market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The electricity of both these projects was being sold in the day-ahead market. The permission given to the day-ahead market was ending on Saturday. Prabal Adhikari, Director of Electricity Trading Department of the NEA said that India has granted permission for the sale of electricity generated by the two projects in both day-ahead and real time markets. Now the electricity of the two projects can be sold a day ahead and also as per the need in the real time market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Earlier, we had to wait for a day to import and export electricity in the competitive market, but now we are able to bid and do business 1 hour fifteen minutes in advance. This has created a situation where we can buy and sell electricity if the electricity production suddenly stops or if the production increases,” said Adhikari.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">NEA has been exporting surplus electricity of 110 MW in the rainy season to the Indian company NTPC Vidhyut Vyapar Nigam Limited (NVVN) through competition in IEX's day-ahead market and recently under a mid-term power agreement. NVVN is selling the electricity in the state of Haryana.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NEA has received approval for the export of 522 megawatts of electricity in the competitive market and 110 megawatts to Haryana for a total of 632 megawatts. Out of this, 562 MW of electricity is being exported through the Dhalkebar-Muzaffar 400 KV transmission line and 70 MW from Mahendranagar-Tanakpur 132 KV transmission line.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">NEA exported electricity worth Rs. 5.43 billion from mid-July to mid-September of the current financial year. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18862', 'image' => '20231001014005_20230716115331_eee.jpg', 'article_date' => '2023-10-01 13:39:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19133', 'article_category_id' => '1', 'title' => 'Government’s Emergency Warehouse has Insufficient Food Stocks', 'sub_title' => '', 'summary' => 'October 1: The government's emergency warehouse has only half the food stock the prescrimed amount.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">October 1: The government's emergency warehouse has only half the food stock the prescrimed amount.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">There is a provision that the government should mandatorily keep 33,000 metric tons of food in stock for emergency situations like epidemics, earthquakes and floods. However, currently, the government-owned Food Management and Trading Company Limited has only about 16,000 metric tons of food in stock.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Officials say that the company has 12,300 metric tons of rice, 435 metric tons of paddy, 3,400 metric tons of wheat and 4 metric tons of lentils along with 1,085 liters of cooking oil. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Information officer Sharmila Subedi admitted that the company has never been able to stock more than 25,000 metric tons of food grains even before. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">“We never have 33,000 metric tons of food. It’s always around 20,000/22,000 thousand metric tons and up to 25,000 metric tons during peak season. There is a problem of food getting spoiled if the stock is kept for a long time. So we have maintained less stock of food,” said Subedi.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to her, the current need is the operation of fair price shops targeting Dashain Tihar festivals. Newly-harvested paddy will start coming in almost immediately. Therefore, even if there is not enough stock, there is not much of a problem, added Subedi.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Stakeholders say that the government is to blame for not having enough food stocks with the state-owned companies. Consumer rights activist Madhav Timilsina said that the government did not set the support price for rice and wheat on time, released the budget late, started the purchase of rice and wheat late, and failed to purchase according to the target. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">“Since the support price is fixed too late, the company cannot procure food in time. If there is no purchase in time, the company will have to buy rice again,” he said, adding this creates shortage of food all the time.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to Timilsina, this happens when both the food companies and the government are irresponsible towards the citizens.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The government cannot intervene in the market to stop inflation when there is not enough food in the government’s own food store. Now the price of every food item in the market is on the rise. While the sugar stock with the government company is zero, its retail price in the market has reached Rs 135 per kg. The price of all types of rice has increased by up to Rs 100 per bag.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">As the festive season approaches, traders and businessmen have started the monopoly of the market while black marketing has flourished. Government companies have only fulfilled their rituals in the name of opening fair-price shops.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18861', 'image' => '20231001125620_20221107101946_fair price shoppp.jpg', 'article_date' => '2023-10-01 12:55:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19132', 'article_category_id' => '1', 'title' => 'Monsoon Exit to be Delayed by a Few Days', 'sub_title' => '', 'summary' => 'October 1: The Weather Forecasting Division under the Department of Hydrology and Meteorology has said this year's monsoon exit from Nepal will be delayed by a few days.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">October 1: The Weather Forecasting Division under the Department of Hydrology and Meteorology has said this year's monsoon exit from Nepal will be delayed by a few days.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although the average date of monsoon withdrawal in Nepal is October </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the department has mentioned that there is a possibility that this year's monsoon will exit a few days later than the average date. The division issued a special weather bulletin on Friday and predicted that the monsoon will be delayed due to the low pressure effect currently developing in the north-western parts of the Bay of Bengal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Sanjiv Adhikari, meteorologist of the division, said that although the monsoon exit date is October </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, there is a possibility of rain in the next few days due to the development of a rain-making system (low pressure area). </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"The process of monsoon exit from the western parts of India has already started. However, now a low pressure area has build up in the Bay of Bengal and it is becoming stronger and moving towards the north-west, so it seems that it will take some more time for the monsoon to leave Nepal," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the meteorologist, as the low pressure area is developing in the eastern parts of the country, there is a possibility of heavy rain in some parts of the country in the next two to four days. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"The low pressure system developed in the east may not affect the west and far west of the country. There is a possibility of more rain in the eastern and central parts of Nepal,” said Adhikari.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The farmers are already preparing to harvest paddy because the festival of Dashain is late this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The division has urged people involved in agriculture and transport service to remain alert as the impact of monsoon is most likely to affect these sectors.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The monsoon arrival date is June </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> but this year it entered Nepal a day later. Monsoon spreads across the country from the eastern parts of Nepal. Similarly, the earliest date of monsoon exit is October </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, it is likely to exit the country a few days later this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Caution is requested</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There is a possibility of partial to normal rainfall with thunder and lightning in many places of the country until Tuesday, according to the division. Likewise, heavy rainfall is likely to occur in one or two places in Koshi, Madhes, Gandaki and Lumbini provinces. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The division has requested the general public to take necessary precautions saying that there is a risk of landslides in the hill and mountainous areas due to rain. The division warned that the water level in large and small rivers and streams may rise and daily life may be affected along with road travel and air traffic.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Since it is the time for harvesting crop, the division has requested the general public and all concerned agencies to take necessary precautions.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18860', 'image' => '20231001120505_1696064685.jpg', 'article_date' => '2023-10-01 12:04:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19131', 'article_category_id' => '1', 'title' => 'North Korean Lifters Smash World Records in Asian Games', 'sub_title' => '', 'summary' => 'October 1: Hosts China romped to gold in the men's and women's 100m at the Asian Games as North Korea's weightlifters scorched several world records on an action-packed Saturday, reported AFP.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">October 1: Hosts China romped to gold in the men's and women's 100m at the Asian Games as North Korea's weightlifters scorched several world records on an action-packed Saturday, reported AFP.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the French news agency, golds were up for grabs on a damp day in Hangzhou in everything from diving and eSports to athletics and roller skating.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">China inevitably hoovered up many of them to take them to 114 golds in total at the halfway stage of the competition, well clear of Japan (28 golds) and South Korea (27).</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The 100m sprints are among the most prestigious events of any Games and it was two Chinese speedsters who thrilled the raucous crowd with victories at the 80,000-capacity Hangzhou Olympic stadium, added AFP</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">First, Ge Manqi raced to the line in 11.23sec to take the women's crown and then Xie Zhenye made it double home delight with his winning time of 9.97sec for the men's title.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Among other notable performances in track and field, the world's number-two ranked pole vaulter EJ Obiena of the Philippines cleared 5.90m for gold and a Games record.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt">Records tumble </span></strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">There were some eye-popping performances from North Korea's women weightlifters.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">They were competing at an international event for the first time since December 2019 after the country sealed its borders because of the pandemic.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">But that did not stop them from shattering a slew of world records.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Ri Song Gum broke two world records in the women's 49kg, the first weightlifting event in Hangzhou.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Then Kang Hyong Yong, a 24-year-old with no international pedigree, set a hat-trick of world records in snatch, clean and jerk, and combined on her way to gold in the women's 55kg class.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">There were tears on the podium as Ri and Kang saluted the North Korean flag -- which was hoisted once again in contravention of a World Anti-Doping Agency edict.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">WADA declared the country's national anti-doping body "non-compliant" in 2021 and slapped it with sanctions, including not being able to fly the flag at continental events.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Elsewhere, North Korea thrashed South Korea 4-1 in a feisty quarter-final of the women's football.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">South Korea, led by the English coach Colin Bell, included players who featured at the recent Women's World Cup, where they went out in the group phase.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The neighbours, who are still technically at war, were locked at 1-1 when South Korea forward Son Hwa-yeon was sent off for a second yellow card close to half time.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">North Korea made the most of their numerical advantage to score three times in the second period for an ultimately comfortable victory, their players celebrating wildly at the full-time whistle.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Pakistan and arch-rivals India then clashed in the men's hockey group stage.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The highly anticipated showdown turned out to be a mismatch, however, as India thrashed their neighbours 10-2.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18859', 'image' => '20231001110800_003397-01-02.jpg', 'article_date' => '2023-10-01 11:07:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '19130', 'article_category_id' => '1', 'title' => 'Nepal-China Agree to Open all Checkpoints: PM Dahal ', 'sub_title' => '', 'summary' => 'October 1: After wrapping up his week-long visit to China on Saturday, Prime Minister Pushpa Kamal Dahal said Nepal and China have reached an understanding to open all border checkpoints between the two countries which were operational before the coronavirus pandemic. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October </span></span></span><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif""><span style="font-size:18px">1</span>: </span></span><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">After wrapping up his week-long visit to China on Saturday, Prime Minister Pushpa Kamal Dahal said Nepal and China have reached an understanding to open all border checkpoints between the two countries which were operational before the coronavirus pandemic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Talking to media persons upon his arrival at Tribhuvan International Airport on Saturday after completing his official visit to China, PM Dahal shared that both Nepal and China have agreed to bring the checkpoints used locally in the border areas into operation after completing technical and necessary preparations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further mentioned that the Chinese government had expressed commitment to provide grants to systematize some checkpoints. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, significant discussion was held regarding regular operation of Pokhara Regional International Airport, added PM Dahal. He further said that Nepal needs to make internal preparations to operate two-way flights between Pokhara and Chengdu.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He added that discussion was also held on the issue of conducting regular flights from other cities of China. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, he thanked Deputy Prime Minister and Defence Minister Purna Bahadur Khadka for addressing the demands of the agitating teachers and health workers while he was out of the country. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => 'Nepal, China, border, checkpoint, open, pandemic', 'description' => '', 'sortorder' => '18858', 'image' => '20231001102618_1696062754.pm .jpg', 'article_date' => '2023-10-01 10:25:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19129', 'article_category_id' => '1', 'title' => 'Nepal Oil Corporation Hikes Prices of Petroleum Products', 'sub_title' => '', 'summary' => 'he meeting of the Nepal Oil Corporation's Board of Directors held on Saturday decided to raise the prices of petroleum products. The state-owned entity with monopoly in the import and distribution of the petroleum products has hiked the price of petrol per liter by Rs 2, diesel and kerosene by Rs 6 per liter.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 1: The meeting of the Nepal Oil Corporation's Board of Directors held on Saturday decided to raise the prices of petroleum products. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The state-owned entity with monopoly in the import and distribution of the petroleum products has hiked the price of petrol per liter by Rs 2, diesel and kerosene by Rs 6 per liter. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the NOC has hiked the price of cooking gas by Rs 215 per cylinder. Similarly, NOC has increased the the prices of both domestic and international aviation fuel by Rs 8 per liter.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With the revision of the price, the price of cooking gas per cylinder now costs Rs 2,110. The price of petrol in the first category (Charali, Biratnagar, Janakpur, Amlekhgunj, Bhairahawa, Nepalgunj, Dhangadhi, and Birgunj Depots) stands at Rs 182.5 per liter.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, the price of the petrol in the second category (Surkhet and Dang) is Rs 184, and in Kathmandu, Pokhara, and Dipayal Rs 185 per liter. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the price of diesel is set at Rs 176.5 per liter in the first category, Rs 178 in the second category, and Rs 179 in the third category. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">T</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">he price of domestic aviation fuel now costs Rs 144 per liter, and the international price is $1.095 per liter. The increased prices have come into effect after Saturday midnight. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-01', 'modified' => '2023-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '18857', 'image' => '20231001062153_collage (10).jpg', 'article_date' => '2023-10-01 06:19:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '19128', 'article_category_id' => '1', 'title' => 'ADB Capital Management Reforms Unlock $100 Billion in New Funding Over Next Decade', 'sub_title' => '', 'summary' => 'September 29: The Asian Development Bank (ADB) on Friday approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 29: The Asian Development Bank (ADB) on Friday approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises. Issuing a statement on Friday, the ADB said expansion of available funds will be further leveraged through mobilizing private and domestic capital to move from the billions to trillions required to tackle the climate crisis.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB said it introduced the reforms through an update of ADB’s Capital Adequacy Framework (CAF). They expand the bank’s annual new commitments capacity to more than $36 billion—an increase of approximately $10 billion, or about 40%, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The bank said the expansion is achieved by optimizing ADB’s prudential level of capitalization while maintaining its overall risk appetite. The reforms also create a Countercyclical Lending Buffer to support ADB developing member countries (DMCs) facing unexpected crises.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB added that the measures, which will enable it to provide up to $360 billion of its own financing to its DMCs and private sector clients over the next decade, are designed to ensure ADB maintains its AAA credit rating and its ability to provide DMCs with funding at low cost and with long maturities. The reforms further safeguard ADB’s AAA credit rating through the introduction of a recovery plan that would prevent capital erosion during periods of financial stress. ADB’s capital adequacy framework is reviewed every three years.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“These important reforms will significantly expand ADB’s ability to support a broad range of critical development efforts across Asia and the Pacific, including greater concessional resources for our vulnerable members,” said ADB President Masatsugu Asakawa. “Our decision today is part of ADB’s response to the call for multilateral development banks (MDBs) to do more with our resources and faster. These resources will help the region manage a complex set of overlapping crises, address gender inequality, and provide for basic needs in the context of the existential challenge of climate change. This extra lending power will be extended and leveraged further by renewed efforts to mobilize private and domestic capital and maximize the impact of our work.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the ADB, private capital mobilization will play a critical role in leveraging billions to trillions, by expanding private sector involvement in the development agenda. Upstream actions will help improve macroeconomic policy and the institutional and enabling environment for private sector investment, spurring increased domestic and foreign investment. Midstream advisory support will help create project pipelines and prepare bankable projects that can attract private sector investment. Downstream financing will be structured to crowd in private capital in development projects, including de-risking for the private sector. Upstream enablement, and mid and downstream mobilization, will leverage ADB’s balance sheet, multiplying the resources available for the region’s development, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB further said economies must also mobilize more tax revenue, modernize tax authorities through digitalization, and cooperate to ensure a fair and well-functioning international tax system. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Domestic resource mobilization is vital in the effort to address debt sustainability and to achieve the Sustainable Development Goals. ADB established the Asia Pacific Tax Hub in 2021 to provide an open and inclusive platform for strategic policy dialogue, knowledge sharing, and development coordination among ADB, its members, and development partners.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB noted that Asia and the Pacific’s poor and vulnerable are acutely exposed to escalating and interconnected crises that jeopardize their health, educational outcomes, and livelihoods. An estimated 155 million people, or 3.9% of the region’s population, lived in extreme poverty in 2022 and many, in particular women, face a cost-of-living crisis that has made food and other essential commodities and services unaffordable, ADB wrote on its website.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The updated CAF is the latest of several initiatives by ADB to increase its lending capacity. In May, ADB established the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), which allows donors to guarantee parts of the existing sovereign loan portfolio on ADB’s balance sheet, thereby releasing capital for new climate projects. ADB said it has also entered into sovereign exposure exchange agreements with other MDBs to reduce portfolio concentration risks and leads the MDBs’ participation in the International Finance Facility for Education.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">ADB said it is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18856', 'image' => '20230929083627_20220321091056_ADB.jpg', 'article_date' => '2023-09-29 20:35:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19127', 'article_category_id' => '1', 'title' => 'RBB and National Banking Institute Ink Agreement for Employees’ Training', 'sub_title' => '', 'summary' => 'Rastriya Banijya Bank Limited and National Banking Institute have signed an agreement to run certificate course on banking for the employees of the bank.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 29: Rastriya Banijya Bank Limited and National Banking Institute have signed an agreement to run banking certification courses for the employees of the bank.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Chief Executive Officer of the bank, Kiran Kumar Shrestha, and the Chief Executive Officer of the institute, Kumar Lamsal, have signed the agreement. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">As per this agreement, the institute will provide certification courses, including JANBI, CANBI, Moodys, and others, to one thousand employees of the bank to enhance their capacity and competency in the fiscal year 2023/2024. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The CEO of the bank, Shrestha, said that the bank's objective is to regularly provide training to its employees to achieve excellence.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Kumar Lamsal, the CEO of the institute, said that the Rastriya Bnaijya Bank has prioritized training for its employees in the banking sector, and training programmes will contribute to the growth of institution's productivity. </span></span></p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18855', 'image' => '20230929045749_collage (5).jpg', 'article_date' => '2023-09-29 16:56:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '19126', 'article_category_id' => '1', 'title' => 'Businessmen Hit Hard by ‘Tax Terror’', 'sub_title' => 'Government Giving Undue Pressure to Private Sector to Pay Taxes in Advance', 'summary' => 'September 29: At a time when the government’s revenue collection target is off the mark, authorizes are trying to meet the revenue target by hook or crook. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">September 29: At a time when the government’s revenue collection target is off the mark, authorizes are trying to meet the revenue target by hook or crook. They are making every possible attempts to stop revenue leakage and have also started calling businessmen in advance to pay their taxes.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">On one hand, the government has failed to acquire grants from the donor agencies while it has not been able to collect revenue as per the target. In such a situation, the ministry itself has issued instructions to its subordinate bodies to stop revenue leakage and to collect taxes in advance.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The industrialists said that the government has been exerting them to pay the taxes in advance.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The target of the government is especially big and middle level tax payers.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Hari Gautam, senior vice-president of Birgunj chapter of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) said that 'tax terror’ has amplified in recent days.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">“The industries are not operating in full capacity due to the recession. The income has dried up, while the tax authorities are calling us every day and asking us when we will pay the taxes. How are we going to pay the taxes in such situation?” said Gautam.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He complained that the state, which has set ambitious targets in the budget and does not pay any attention to reducing the current expenditure, is now collecting taxes by bullying the businessmen. As the state does not take effective steps to improve the stagnant economy, the existing industries are falling into more and more problems. He said that when the government took internal loans from the beginning of the current fiscal year to cover its expenses, a large amount of money going to industries and factories through the financial system was stopped.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Ashok Kumar Temani, president of Madhesh Province chapter of FNCCI said that the tax authorities are exerting pressure from all sides. He said that the government in the past used to discuss with businessmen before formulating ta policy. It stopped doing so after the onset of coronavirus pandemic, said Temani.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He complained that the government sets ambitious targets in the budget and then extorts money from the businessmen and industrialists.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">“Because of this, the industrial sector on the verge of collapse. There is a danger of the country falling into a major economic crisis,” said Temani. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He believes that the problem has deepened in the country since the government started considering remittances as the main source of income rather than supporting the productive sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Kamlesh Kumar Agarwal, senior vice president of Nepal Chamber of Commerce, says that the effect of the global recession is seen in Nepal's economy. In this context, it is not fair to give undue pressure to the private sector because the government’s income has declined.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to him, the current problem is not created by the private sector. Many industrialists and businessmen have fled due to the effects of the global recession. Agarwal said that the state should bring a policy to protect industry and business. It is not appropriate for the government to pressurize the private sector because its income is shrinking.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The income of the government is not satisfactory due to internal and external reasons rather than the non-payment of taxes by the industrialists and traders. He complains that although the impact of the decline in global trade due to the Covid-19 pandemic and Russia-Ukraine tension is seen in the economy, the government has not paid attention to policy reforms.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In recent months, the government has failed to collect revenue as per its target. According to the Finance Comptroller General's Office, the government has collected Rs 154.23 billion as of mid-August this year. This is Rs 8.78 billion less than the revenue collected in the same period of last year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">This year, the government is yet to receive foreign grants. The government has set a target of collecting Rs 1422 billion in revenue this year.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18854', 'image' => '20230929032614_taxxxxx.jpg', 'article_date' => '2023-09-29 15:25:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19125', 'article_category_id' => '1', 'title' => 'Nepal Preparing for Bilateral Air Service Agreements with Three Nations including Switzerland ', 'sub_title' => '', 'summary' => 'September 29: The government is preparing to enter into bilateral air service agreements with three nations, including Switzerland, with the aim of expanding Nepal's international flight connectivity. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: The government is preparing to enter into bilateral air service agreements with three nations, including Switzerland, with the aim of expanding Nepal's international flight connectivity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Ministry of Culture, Tourism, and Civil Aviation, Nepal has already signed bilateral air service agreements with 40 countries, with Australia being the latest addition. The government has already completed the paper works to add Switzerland, Indonesia, and Rwanda to this list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief of the Civil Aviation Division and Joint Secretary at the ministry, Buddhi Sagar Lamichhane, said they anticipate the draft of the agreement to be endorsed by the Council of Ministers soon. The location and timing for the formal signing of the agreements will be decided later. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that Nepal and Switzerland principally agreed for a bilateral air connectivity during the 41st Session of the International Civil Aviation Organisation (ICAO) Assembly held in September 27 – October 7, 2022 in Montreal, Canada. Both countries observed the signing the MoU to this regard, according to Civil Aviation Authority of Nepal (CANN). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal is also exploring the possibility of MoUs for air connectivity with various other nations, including Indonesia. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bilateral aviation agreements are considered vital instruments of a nation's foreign diplomacy, and the government is promoting such agreements. Nepal's international flight service system already includes over 20 destinations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">These agreements not only enhance structural relations with respective countries but also strengthen bilateral ties. Furthermore, it's important to note that these agreements are based on the standards set by the International Civil Aviation Organization (ICAO), Lamichhane added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the government is in the process of reviewing the agreements with Kuwait and the United Arab Emirates (UAE). This review has been proposed by Kuwait and the UAE themselves. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As part of its policies and programs for the current fiscal year, the government has announced its commitment to establishing new aviation relationships and expanding international flights. The European Union,, however, has banned airline companies of Nepal from flying on its airspace citing poor aviation standards. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18853', 'image' => '20230929025251_naccccc.jpg', 'article_date' => '2023-09-29 14:52:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19123', 'article_category_id' => '1', 'title' => 'Lawmakers Draw Government’s Attention to Curb Inflation, Black Marketing ', 'sub_title' => '', 'summary' => 'September 29: Members of Parliament have urged the government to remain vigilant about exorbitant price hike and black marketing of daily essentials including sugar as the major festivals such as Dashain and Tihar approaches. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: Members of Parliament have urged the government to remain vigilant about exorbitant price hike and black marketing of daily essentials including sugar as the major festivals such as Dashain and Tihar are just around the corner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A majority of the parliamentarians attending the meeting of the Public Account Committee under the House of Representatives this week said artificial shortage of daily consumable goods could be created during the festivals and thus brought this matter to the attention of the government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lawmaker Gokul Prasad Banskota emphasized the need of ensuring people's right to avail the daily essentials at an affordable price. He claimed that the shortage of sugar in the market, especially during the festivel season, was due to giving select persons privileges for the manufacturing and importing essential items. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Rajendra Prasad Lingden appealed to the government to pay timely attention to the plight of the consumers who were bearing the brunt of black marketing and inflation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Achyut Mainali and Dev Prasad Timalsina expressed concern over the undue advantage that were being taken by middlemen at the expense of genuine farmers when it came to chemical fertilizers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Arjun Narshing KC urged the government to take necessary steps as the general public were bearing the brunt of black marketeering of food items as the festive season approaches. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Ram Krishna Yadav demanded strict actions against those business persons involved in hoarding food items, thereby leaving consumers at the lurch. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lekhnath Dahal requested the committee members to take stock of the complaints and status of implementation of the decisions in the past to increase the effectiveness of the committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Shyam Ghimire questioned how long would the public corporations sustain with the grants and subsidies provided by the government due to their bleak financial conditions. He demanded effective market monitoring to curb the black marketing of the daily consumable items. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Manish Jha called for making the discussions of the committee public with the use of social media. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18852', 'image' => '20230929021540_20210812011140_Price Hike.jpg', 'article_date' => '2023-09-29 14:14:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19124', 'article_category_id' => '1', 'title' => ''Harry Potter' Character Dumbledore Dies Aged 82 ', 'sub_title' => '', 'summary' => 'eptember 29: British-Irish actor Michael Gambon, best known for playing Albus Dumbledore in six of the eight "Harry Potter" films, has died in hospital aged 82, his family announced Thursday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: British-Irish actor Michael Gambon, best known for playing Albus Dumbledore in six of the eight "Harry Potter" films, has died in hospital aged 82, his family announced Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gambon won four television BAFTAs and an Olivier award during a decades-spanning acting career across television, film, radio and theatre, which was capped by his beloved role as the headmaster of the wizarding school Hogwarts in the Potter series. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"We are devastated to announce the loss of Sir Michael Gambon," a statement issued on behalf of his family said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Beloved husband and father, Michael died peacefully in hospital with his wife Anne and son Fergus at his bedside, following a bout of pneumonia." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gambon, born in Ireland, began his illustrious acting career in theatre, making his first appearance on stage in a production of "Othello" at the Gates Theatre in the Irish capital Dublin in 1962. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He became well known in Britain for playing a French detective in the ITV series "Maigret", and for his 1986 role as Philip Marlow in screenwriter Dennis Potter's "The Singing Detective". </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He put in a memorable performance in the BBC's 2015 adaptation of JK Rowling's "The Casual Vacancy", while his theatre credentials include appearances in Alan Ayckbourn's "The Norman Conquests", "The Life Of Galileo" and Nicholas Hytner's National Theatre productions of "Henry IV". </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Film roles included in period dramas such as 2010's "The King's Speech" and 2001's "Gosford Park". </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">But he won global acclaim for his performances as Dumbledore in the wildly popular "Harry Potter" films, beginning with 1997's "Harry Potter and the Philosopher's Stone". </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gambon was knighted for his contribution to the entertainment industry in 1998. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tributes began to pour in following news of his death. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I'm so sad to hear that Michael Gambon has died," former Top Gear presenter Jeremy Clarkson said on social media, recalling that the actor was such a "tremendous guest" he had a corner named after him on the BBC show's race track. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"He was hugely amusing, and such a tremendous guest, we even named a corner after him." – AFP/RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18851', 'image' => '20230929023711_HP-F6-half-blood-prince-dumbledore-office-memory-cabinet-web-landscape.jpg', 'article_date' => '2023-09-29 14:36:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19122', 'article_category_id' => '1', 'title' => 'Manang Beverage launches Manang Valley Wine at 3500 Meters ', 'sub_title' => '', 'summary' => 'September 29: Manang Beverages recently launched the Manang Valley Wine at launch event in Manang’s Sabje Lake, 3500 meters above the sea level. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">September 29: Manang Beverages recently launched the Manang Valley Wine at launch event in Manang’s Sabje Lake, 3500 meters above the sea level. The company launched two premium apple wines with the aim to uplift the contribution of local farmers of Manang Valley. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">A team of journalists, along with actress Swastima Khadka joined the unveiling program at Manang, marking the “highest” altitude for a product launch on September 27. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">“We are thrilled to introduce the Manang Valley Wine, which encapsulates the pure</span> <span style="font-family:"Arial","sans-serif"">essence of the Himalayas. Utilizing state-of-the-art technology, we have artfully</span> <span style="font-family:"Arial","sans-serif"">transformed locally grown apples into a truly exquisite wine. We firmly believe that</span> <span style="font-family:"Arial","sans-serif"">Nepalese consumers, accustomed to foreign wines, will fall in love with the</span> <span style="font-family:"Arial","sans-serif"">enchantment of Manang Valley with every sip," said Aashraya Ranjitkar, managing director of Manang Valley Wine. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Ranjitkar is the third-generation win maker of his family and has partnered with Yuvaraj Gurung, a native of Manang and a third-generation apple farmer. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">“The incredible journey of the Manang Valley Wine makes it truly exciting for us, along with its exquisite taste,” Ranjitkar added.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The manufacturers express that every bottle of wine is a labour of love, a fusion of tradition and innovation, and a tribute to the rich heritage of Manang. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Manang Valley Wine not only represents the pinnacle of Nepali wine-making expertise but also demonstrates that it is possible to craft world-class products from local resources, said the manufacturers. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to the company, the launch at a mesmerising location aims to play a pivotal role in Manang's economic growth, offering a unique identity beyond its status as a renowned tourist destination. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The company said its distinctive taste, resulting from the perfect fusion of nature and culture, sets the wine apart as an unrivalled</span> <span style="font-family:"Arial","sans-serif"">gem in the world of fine beverages.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The two versions of Manang Valley Wine come in sweet and semi-sweet taste and are now available across the department store in Kathmandu at Rs 1025, Ranjitkar added.<strong> </strong></span></span></span></p> <p><br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18850', 'image' => '20230929011111_IMG_20230927_112548.jpg', 'article_date' => '2023-09-29 13:10:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19121', 'article_category_id' => '1', 'title' => 'Securities Board Preparing to Take Action against NEPSE', 'sub_title' => '', 'summary' => 'September 29: The Securities Board of Nepal (SEBON) is preparing to take action against the Nepal Stock Exchange (NEPSE) regarding the issue of Transaction Management System (TMS).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">September 29: The Securities Board of Nepal (SEBON) is preparing to take action against the Nepal Stock Exchange (NEPSE) regarding the issue of Transaction Management System (TMS).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Informing that a meeting of the board management committee of SEBON decided to take action against NEPSE, Chairman of the board Ramesh Kumar Hamal said that they have sought an explanation from NEPSE on this matter. Hamal said that NEPSE will be given 15 days for submitting a written explanation. He added that the board will take legal action if the explanation is not satisfactory.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Hamal made it clear that action will be taken against anyone found guilty in sensitive matters related to securities transactions. Hamal clarified that although both the SEBON and NEPSE are government agencies, this is the first time one government agency is preparing to take action against the other involved in the share market.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The board claimed that sensitive data of the securities market is within the reach of a particular company. Currently, the TMS and NEPSE Online Transaction System (NOTS) developed by YCO Company are in operation for managing the transactions of the secondary market of securities. The board decided to take action against NEPSE and asked for an explanation because all the details of the investors of the secondary market have been accessed by the private company YCO.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Although NEPSE received a letter from the board on September 24, the letter was not opened as Chief Executive Officer Krishna Bahadur Karki was out of the country for an event. NEPSE information officer Murahari Parajuli informed that the letter will be opened only after the chief executive officer is present at the office and the necessary action will taken.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In recent days, the board has stepped up efforts to take action in order to regulate the secondary market. Only a few days ago, the board took action against Care Ratings Nepal imposing a cash fine. The board imposed a cash fine of Rs 50,000 after it was found that the rating company was involved in rating against the law. This was the first incident where the board took action against the rating company. Apart from this, the board has also taken action against various broker companies, institutional investors and merchant bankers.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18849', 'image' => '20230929122607_Sebon-update.jpg', 'article_date' => '2023-09-29 12:25:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19120', 'article_category_id' => '1', 'title' => 'Nepal Fails to Secure Medals in the 19th Asian Games', 'sub_title' => '', 'summary' => 'September 29: A total of 610 medals have been distributed to the players in the ongoing Asia Games as of Thursday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: A total of 610 medals have been distributed to the players in the ongoing Asia Games as of Thursday. Runaway leader China tops the medals tally with 169 medals including 91 gold, 52 silver and 26 bronze medals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">South Korea is a distant second with 86 medals including 24 gold, 23 silver and 39 bronze medals followed by Japan with 18 gold medals, 30 silver and 31 bronze medals. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal, on the other hand, has performed poorly in the sports extravaganza and remains without any medal on the sixth day of the event. Nevertheless, Nepal is expected to win medals in e-sports, badminton and men's cricket tournament in which the national team smashed several world records in its comprehensive win against Mongolia on Wednesday. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Uzbekistan is in the fourth position with 6 gold medals, 10 silver and 15 bronze. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, India has so far secured 6 gold medals, eight silver and 11 bronze, to stay in the fifth position in the 19th Asian Games underway in Hangzhou City of China. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Thailand has got six gold medals, Hong Kong Special Administrative Region of China has five gold medals and Chinese Taipei has won four gold medals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the 45 participating countries, 33 countries have managed to bag the medals in the Asian Games which kicked off on Sunday. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-09-29', 'modified' => '2023-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '18848', 'image' => '20230929114154_XxjpseE007751_20230923_PEPFN1A001.JPG', 'article_date' => '2023-09-29 11:40:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
