SEBON Tightens the Noose on IPO Issuance of Hydropower Companies

Sep 27, 2023 0 2 minutes 42 seconds to read

September 27: The Securities Board of Nepal (SEBON) is preparing to implement new regulations regarding the share issuance and trading of hydropower companies.…

Finance Minister Mahat Requests AIIB for Subsidized Financial Assistance

Sep 27, 2023 0 3 minutes 55 seconds to read

September 26: Minister for Finance Dr Prakash Sharan Mahat has urged for concessional financial aid for the development of least developed countries like…

World Tourism Day being Observed Today

Sep 27, 2023 0 1 minutes 40 seconds to read

September 27: The 44th World Tourism Day is being observed in Nepal by organizing various programmes…

Festivals-centered Fair Price Shops to Run from October 8

Sep 27, 2023 0 3 minutes 56 seconds to read

The government has decided to launch the fair-price shops in view of the upcoming festivals from October 8 to November 19. According to Spokesperson for the Ministry of Industry and Supplies, Gajendra Kumar Thakur, fair-price shops are aimed to serve the interests of consumers during the festive…

Haughey Fires Paris Olympic Warning as China Tops Medal Tally

Sep 26, 2023 0 3 minutes 26 seconds to read

September 26: Hong Kong swimmer Siobhan Haughey issued another warning for next year's Paris Olympics as hosts China won the first eSports gold medal in the 72-year history of the Asian Games on…

Sanitary Pad Industry Shutting Down

Sep 26, 2023 0 2 minutes 47 seconds to read

September 26: The export of sanitary pads from Nepal has increased by 582…

Nepal, China Issue Joint Statement Promising Cooperation in Railway, Connectivity and More

Sep 26, 2023 0 2 minutes 50 seconds to read

September 26: Nepal and China have issued a joint statement during the ongoing visit of Prime Minister Pushpa Kamal Dahal to…

Government Waives Fee for Company Registration and Capital Increment

Sep 26, 2023 0 2 minutes 1 seconds to read

September 26: The government has waived the fee for company registration and capital increment effective from…

Private Sector not Ready to Accept Government’s Claim that Economic Indicators have Improved

Sep 26, 2023 0 4 minutes 55 seconds to read

September 26: Although the festive season is just around the corner, there is no excitement in the…

Indra Jatra Begins Today with the Setting up of Wooden Pole

Sep 26, 2023 0 3 minutes 30 seconds to read

September 25: Indra Jatra, the festival of rain and good harvest, began Tuesday in Bhaktapur…

China Leads 19th Asian Games, Nepal Nil

Sep 26, 2023 0 2 minutes 5 seconds to read

September 26: Players from different countries have secured a total of 228 medals so far in the ongoing 19th Asian Games in Hangzhou,…

Tensions Run High in Manipal Hospital after Patient Dies

Sep 26, 2023 0 1 minutes 31 seconds to read

September 26: Pokhara-based Manipal Teaching Hospital remained tense on Monday after a 57-year-old patient died in course of treatment at the…

Nepal Insurance Company Limited Marks its 76th Anniversary

Sep 26, 2023 0 50 seconds to read

Nepal Insurance Company Limited has felicitated 17 employees who have served for more than two decades on the occasion of its 76th…

Climbers Trickle in Mt Dhaulagiri Base Camp for Autumn Expedition

Sep 26, 2023 0 1 minutes 15 seconds to read

Climbers are arriving at the base camp of Mt. Dhaulagiri in Myagdi district for their autumn expedition. Aspiring climbers are joined by support Sherpa groups who are helping transport the necessary equipment and gear for the…

Swimming Ace Qin makes Asian Games History as China Leads Tally

Sep 25, 2023 0 3 minutes 42 seconds to read

September 25: Swimming sensation Qin Haiyang added another title to his name to inflate China's already bulging gold-medal haul at the Asian Games on…

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No Laughing Matter

The Sweet Rewards of Power

By Madan Lamsal

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NEPSE

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		'Article' => array(
			'id' => '19104',
			'article_category_id' => '1',
			'title' => 'SEBON Tightens the Noose on IPO Issuance of Hydropower Companies',
			'sub_title' => '',
			'summary' => 'September 27: The Securities Board of Nepal (SEBON) is preparing to implement new regulations regarding the share issuance and trading of hydropower companies. ',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 27: The Securities Board of Nepal (SEBON) is preparing to implement new regulations regarding the share issuance and trading of hydropower companies. After a discussion between SEBON and the officials of Independent Power Producers Association, Nepal (IPPAN), a new arrangement has been decided regarding the securities of hydropower sector companies, SEBON sources informed New Business Age.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the information provided by SEBON spokesperson Mukti Shrestha, a new system is going to be implemented regarding the transactions after the lock-in period of the initial public offering (IPO), rights shares and promoter shares of the hydropower company. According to him, the new system will not apply to companies that are currently in the process of IPO and rights share issuance.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Shrestha said that SEBON is going to add some new provisions to make the securities transactions of hydropower companies transparent due to complaints from the general investors regarding the trading of the promoter shares of the listed hydropower company.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">After the lock-in period, the hydropower companies can issue promoter shares only after starting commercial production of electricity, as per the new regulations.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">SEBON said that the hydropower companies must mandatorily publish the information related to the opening of the lock-in period of promoter as well as general shareholders in a national daily newspaper and the company&rsquo;s website and also provided the information to the SEBON and the stock market.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The company can start the share trading only after 15 business days after publishing the notice.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Recently, the number of companies issuing rights shares has increased as the Electricity Regulatory Commission, the regulator of hydropower companies, has allowed the issuance of rights shares to pay the loans taken by hydropower companies for the construction of the projects. Most of them are preparing to issue rights shares for loan repayment purposes.</span></span></span></span></p>

<p>&nbsp;</p>
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			'article_category_id' => '1',
			'title' => 'Finance Minister Mahat Requests AIIB for Subsidized Financial Assistance   ',
			'sub_title' => '',
			'summary' => 'September 26: Minister for Finance Dr Prakash Sharan Mahat has urged for concessional financial aid for the development of least developed countries like Nepal.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 26: Minister for Finance Dr Prakash Sharan Mahat has urged for concessional financial aid for the development of least developed countries like Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Minister Mahat made the appeal during the 8th annual meeting of the Asian Infrastructure Investment Bank (AIIB) held in Sharm El-Sheikh, Egypt.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the state-owned RSS, he further called on all member states to accept Nepal&#39;s proposal for placing a separate mechanism in providing subsidized financial aid to the least developed countries.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">On the occasion, Finance Minister Mahat said some of the major challenges that have emerged worldwide include global economic instability, accelerated journey towards Green House Gas emissions, lackluster economic development of low and middle income countries and difficulty in access to financial resources for poverty alleviation to maintain quality life of citizens, RSS further reported.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The role of multilateral development banks, including AIIB is crucial to avert such crises, he added.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Finance Minister Dr Mahat said the low income countries also needed support for economic recovery and development, employment generation, green infrastructure development, expansion of access to financial instruments, technical and institutional capacity development, climate change-induced disaster management and other social safety nets.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Finance Minister Mahat argued that the existing financial assistance mechanism and instruments are not adequate in the context when huge financial resource needed particularly for the least developed and developing countries.&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to RSS, he also urged the AIIB to utilize innovative and creative finances, including public private partnership, green investment and combined finance to avoid the shortage of financial instruments in the countries having weak economy.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The finance minister stressed on the need for the enhancement of climate finance and related facilities for Nepal and other countries that have been facing negative effects of climate change despite negligible role in carbon emission.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The minister also drew the attention of all participants towards reviewing and determining appropriate carbon trade.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal, a founding member of the AIIB established on the initiative of China, is yet to get any concessional loans from Asian Infrastructure Investment Bank (AIIB).</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In every annual meeting of AIIB, the finance ministry of Nepal submits proposals for concessional loans from the multilateral donor organisation but the AIIB turns down the proposals every time.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As many as 86 countries attended the high-level AIIB meeting that concluded on Tuesday. Finance Minister Dr Mahat is returning home today.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '19102',
			'article_category_id' => '1',
			'title' => 'World Tourism Day being Observed Today   ',
			'sub_title' => '',
			'summary' => 'September 27: The 44th World Tourism Day is being observed in Nepal by organizing various programmes today.   ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 27: The 44th World Tourism Day is being observed in Nepal by organizing various programmes today.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">On the occasion, the Ministry of Culture, Tourism and Civil Aviation, Nepal Tourism Board, Department of Tourism and leading organizations of tourism sector are celebrating the day with several activities.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The ministry said that the World Tourism Day is being observed in Nepal with the slogan &#39;Tourism and Green Investment&#39;.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In order to mark the day in a grand manner, the government has formed the 44th World Tourism Day Main Function Committee under the chairmanship of Minister for Tourism Sudan Kiranti.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the Ministry Spokesperson Rajendra Kumar KC, the Tourism Minister welcomed foreign tourists who arrived at the Tribhuvan International Airport through the first flight at 6.00 am this morning.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, a morning procession was held from Patan Dhoka, Lalitpur to Mangalbazaar at 7.30 am today. A formal programme is being organized in Patan Durbar area on the occasion jointly by the Ministry of Tourism and Lalitpur Metropolis. Organizations earning higher foreign currency and individuals and institutions making contributions to the tourism sector will be honoured today.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The World Tourism Day is being marked on September 27 every year with the slogan &#39;Promoting Accessible Tourism for All&#39;. -- RSS&nbsp; </span></span></span></p>
',
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			'id' => '19101',
			'article_category_id' => '1',
			'title' => 'Festivals-centered Fair Price Shops to Run from October 8',
			'sub_title' => '',
			'summary' => 'The government has decided to launch the fair-price shops in view of the upcoming festivals from October 8 to November 19.  According to Spokesperson for the Ministry of Industry and Supplies, Gajendra Kumar Thakur, fair-price shops are aimed to serve the interests of consumers during the festive season.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 27: The government has decided to launch the fair-price shops in view of the upcoming festivals from October 8 to November 19.&nbsp;&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Spokesperson for the Ministry of Industry and Supplies, Gajendra Kumar Thakur, fair-price shops are aimed to serve the interests of consumers during the festive season. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The outlets are expected to control unwanted price rise, maintain market quality and ensure the smooth supplies of food at reasonable rates during festivals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government each year operates the fair price shops to prevent the monopoly of private sector in the market during festivals. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Food Management and Trade Company Limited (FMTCL) and Salt Trading Corporation under the Ministry of Industry, Commerce and Supplies and Dairy Development Corporation under the Ministry of Agriculture and Livestock Development will collaborate to operate these shops. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Different varieties of rice, pulses, wheat flour, edible oil and beaten rice will be available in such outlets at relatively lower prices than in the regular market.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, discount of Rs 10 has been offered in per kg beans and other grains produced in Karnali and live goats, and mountain goats.&nbsp; </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has allocated Rs 23.22 million for Food Management and Trade Company to run fair price shops this year.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, the government has allocated Rs 10 million to provide discount on food stuffs to be sold through Salt Trading Corporation. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Salt Trading Corporation will sell sugar at Rs 97 per kg while it will provide Rs 2 discount on per kg salt and Rs 7 in per kg beaten rice.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Dairy Development Corporation will provide Rs 20 discount on per kg ghee and Rs 20 on per 200 gram paneer and Rs 50 on per 500 gram paneer. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Stalls will be put in 35 places including eight selling centre and three mobile shops of Food Management and Trade Company and Salt Trading Corporation located in Kathmandu Valley.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides this, the FMTCL will run fair-price shops in Morang, Jhapa, Taplejung, Sankhuwasabha, Solukhumbu, Diktel, Bhojpur, Okhaldhunga, Khotang, Siraha, Janakpur, Parsa, Kathmandu, Lalitpur, Bhaktapur, Kaski, Tanahun, Gorkha, Manang, Mustang, Rupandehi, Banke, Dang, Bardiya, Rukum East and Rukum West.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, FMTCL will have concessional stocks at 48 places of 42 districts, including Rolpa, Surkhet, Gulmi, Dailekh, Dolpa, Kalikot, Humla, Jajarkot, Jumla, Mugu, Kailali, Dadeldhura, Bajura, Bajhang, Achham, Darchula and Mahendranagar. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Such fair-price shops can also be operated in additional districts and places as per the need, the Ministry stated. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fixed discount can be accessed through free online home delivery, mobile service, cooperatives and dealers. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A monitoring committee has also been formed to check whether the operated fair-price shops are effective or not. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Ministry, market monitoring would be further intensified throughout the festival period. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the case of Kathmandu Valley, the Ministry will form the team and carry out monitoring throughout the period the fair-price shops are operated. The corporations concerned shall also do the same. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Department of Commerce, Supplies Management and Consumer Protection will also form additional team other than the regular monitoring and intensify the monitoring. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In case of other districts, the monitoring teams shall be constituted under the convenorship of the Chief District Officer or the Assistant Chief District Officer for carrying out a thorough monitoring, according to the Ministry. (RSS) </span></span></p>
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			'id' => '19100',
			'article_category_id' => '1',
			'title' => 'Haughey Fires Paris Olympic Warning as China Tops Medal Tally',
			'sub_title' => '',
			'summary' => 'September 26: Hong Kong swimmer Siobhan Haughey issued another warning for next year's Paris Olympics as hosts China won the first eSports gold medal in the 72-year history of the Asian Games on Tuesday.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">September 26: Hong Kong swimmer Siobhan Haughey issued another warning for next year&#39;s Paris Olympics as hosts China won the first eSports gold medal in the 72-year history of the Asian Games on Tuesday.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to AFP, audiences of overwhelmingly young spectators packed out the 4,500-capacity Hangzhou Esports Center in the hope of catching one of their heroes, especially South Korea&#39;s Lee &quot;Faker&quot; Sang-hyeok.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Medals are up for grabs in seven gaming titles, with China grabbing the first gold when they defeated Malaysia in the final of smartphone game Arena of Valor. Malaysia took home silver and Thailand bronze.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to the French news agency, China&#39;s place in the Games record books helped the home nation increase their overall tally of golds to 53 at the end of three days of action.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">They are way ahead of South Korea (14 golds), Japan (eight) and Uzbekistan and Hong Kong (both five).</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Haughey fires warning</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">With the 2024 Paris Olympics just 10 months away, Haughey won her second gold of the Games in another impressive performance in the pool which will make her rivals sit up and take notice.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">She shattered her own Asian record to add the Games 100m freestyle title to her Olympic and world silver medals, added AFP.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The 25-year-old produced an exceptional swim on Monday to crush the pack by nearly two seconds and take out the 200m crown, smashing an Asian Games record that had stood since 2010.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">She was fired up again over the shorter distance in blasting a 52.17sec to send a warning to Australian freestylers Mollie O&#39;Callaghan and Emma McKeon.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Haughey previously set an Asian record of 52.27 when she came second to McKeon at the Tokyo Olympics. Only world champion O&#39;Callaghan has gone faster in 2023.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to AFP, China again bossed the Hangzhou pool, taking four of the six golds on the night. The other went to Tomoru Honda, who stunned exhausted Japanese team-mate Daiya Seto in the 400m medley.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">China rack up more golds</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On another day of dominance, China&#39;s all-powerful table tennis squad swept past rivals Japan 3-0 in the women&#39;s team final. They also claimed men&#39;s team gold over South Korea by the same scoreline.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In artistic gymnastics, Zhang Boheng won gold in the men&#39;s all-around final.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">But China were dethroned by Japan in the men&#39;s team sprint at the Chun&#39;an Jieshou Sports Centre Velodrome on the first day of action on the cycling track.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">China&#39;s women made no mistake in their team sprint final, beating South Korea to the title.</span></span></p>

<p>&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '18828',
			'image' => '20230926093931_976372-01-02.jpg',
			'article_date' => '2023-09-26 21:38:55',
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	(int) 5 => array(
		'Article' => array(
			'id' => '19099',
			'article_category_id' => '1',
			'title' => 'Sanitary Pad Industry Shutting Down',
			'sub_title' => '',
			'summary' => 'September 26: The export of sanitary pads from Nepal has increased by 582 percent.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 26: The export of sanitary pads from Nepal has increased by 582 percent. Despite this encouraging trend, businessmen say that the industries that produce sanitary pads are shutting down in the country one after another. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the Nepal Sanitary Pad Manufacturers Association, 42 percent of the pad manufacturing companies operating in Nepal have shut their factories.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the data of the Department of Customs, Nepal exported 22.24 million sanitary pads worth Rs 56.88 million in just two months of the current fiscal year. In the same period last year, Nepal exported 2.78 million sanitary pads worth Rs 8.4 million.</span> </span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Sanitary pads are exported from Nepal to the United States of America and India. According to the Department of Customs, pads were exported mostly to India in the current year. In the last two months, 22 million pads worth Rs 56.87 million were exported to India alone. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Dolraj Adhikari, president of the Nepal Sanitary Pad Manufacturers Association, says that despite the increase in exports, pad industries are shutting down. According to him, out of 35 industries operating in Nepal, about 15 have been closed.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;The pad industry is in trouble now mainly due to the economic recession and also because it does not fall in the priority list of the government. Therefore, to encourage the pad industry and to be completely self-sufficient in pads, it is necessary to change the difference between the customs duty on the import of ready-made goods and raw materials to of 10 percent, which is 2 percent at present.&rdquo;</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Meanwhile, in the two months of this year, Nepal imported 29.1 million sanitary pads worth Rs 186.8 million from abroad, according to the data of the Department of Customs. Last year, during the same period, 31.7 million sanitary pads worth Rs 245.2 million were imported.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Compared to last year, the import of sanitary pads decreased this year. Nepal imports pads from Australia, Bangladesh, China, India, Korea, Taiwan, the United Arab Emirates, the United Kingdom, the United States of America and other countries.</span></span></span></p>

<p>&nbsp;</p>
',
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			'description' => '',
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	(int) 6 => array(
		'Article' => array(
			'id' => '19097',
			'article_category_id' => '1',
			'title' => 'Nepal, China Issue Joint Statement Promising Cooperation in Railway, Connectivity and More',
			'sub_title' => '',
			'summary' => 'September 26: Nepal and China have issued a joint statement during the ongoing visit of Prime Minister Pushpa Kamal Dahal to China.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">September 26: Nepal and China have issued a joint statement during the ongoing visit of Prime Minister Pushpa Kamal Dahal to China. The joint statement issued on Tuesday states that the Chinese side is ready to help Nepal train railway professionals.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The two sides expressed satisfaction over the progress of the feasibility study of the Jilong/Keyrung-Kathmandu Cross-Border Railway, and planned to hold the 8th Working Meeting on China-Nepal Railway Cooperation as early as possible.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Acknowledging the signing of the MoU between the Government of Nepal and the Government of the People&rsquo;s Republic of China on bilateral cooperation under the framework of the Belt and Road Initiative on 12 May 2017, both the countries expressed their commitment to accelerate the consultations to finalize the text on the BRI Implementation Plan at an early date. They expressed readiness to exchange experiences on their development strategies, deepen practical cooperation in such fields as infrastructure connectivity, trade, tourism, production capacity and investment, and further deepen and solidify Belt and Road cooperation to deliver greater benefits to their peoples.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Likewise, the Chinese side also expressed its commitment to extend its support to improve the facilities on the Nepali side of the Lizi-Nechung port at the earliest possible date. The Chinese side agreed to work for the early reopening of eligible traditional China-Nepal border trade points. The two sides also agreed to maintain communication for the opening of Chentang-Kimathanka, Riwu-Olangchungola ports at an early date.&nbsp;&nbsp;</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Considering the needs of Nepal, China has agreed to carry out the fourth phase of the Araniko highway maintenance project and to quickly carry out the Syafrubesi-Rasuwagadhi highway maintenance work, mentions the joint statement.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Similarly, China has agreed to speed up the feasibility study of the Tokha-Chhare tunnel project and the second phase of the Kathmandu Ring Road project.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In order to transform Nepal from a landlocked country to a land-linked country, both sides have agreed to continue the implementation of the documents signed in the past regarding China&#39;s transportation and highway use.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal and China welcomed the consensus reached between the civil aviation authorities of the two countries on expanding the air rights arrangements, and expressed satisfaction over the completion and operation of the Pokhara International Airport. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;The two sides support and encourage their airlines to resume and open more flights and air routes, including ones connecting Pokhara, in accordance with bilateral air rights arrangements and in light of market needs, so as to facilitate trade and economic interactions and people-to-people exchanges,&rdquo; reads the statement.&nbsp; </span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2023-09-26',
			'modified' => '2023-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '18826',
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	(int) 7 => array(
		'Article' => array(
			'id' => '19098',
			'article_category_id' => '1',
			'title' => 'Government Waives Fee for Company Registration and Capital Increment',
			'sub_title' => '',
			'summary' => 'September 26: The government has waived the fee for company registration and capital increment effective from Monday.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 26: The government has waived the fee for company registration and capital increment effective from Monday. This new provision has come into effect after the government published a notice in this regard in the Nepal Gazette.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The government made such arrangements in line with the announcement made in the budget for the current fiscal year to make company registration free of cost.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The notice published in the Nepal Gazette by the Ministry of Industry, Commerce and Supplies mentions that the fees that were previously charged during company registration and capital increment have been waived.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&quot;No fee will be charged while registering a private limited company and a public limited company or for increasing the capital of a registered company according to section </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">5</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> of the Companies Act </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">2063</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">,&quot; reads the notice.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Similarly, arrangements have been made to waive the fee for registration of foreign companies provided that they do not register branch offices and contact office and pledge not to distribute profits.</span></span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
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			'image' => '20230926040950_20230720113533_company registration.jpg',
			'article_date' => '2023-09-26 16:09:22',
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	(int) 8 => array(
		'Article' => array(
			'id' => '19096',
			'article_category_id' => '1',
			'title' => 'Private Sector not Ready to Accept Government’s Claim that Economic Indicators have Improved',
			'sub_title' => 'Industrialists Running Industry not to Make Profit, but to Reduce Losses',
			'summary' => 'September 26: Although the festive season is just around the corner, there is no excitement in the market.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 26: Although the festive season is just around the corner, there is no excitement in the market. The market is still struggling due to the slowdown caused by Covid-19 pandemic. On top of that, the import control policy adopted by the government and the current capital loan guidelines implemented by the central bank have further weakened the market.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">As the foreign exchange reserves began to decrease, the panicked government adopted a policy of tightening imports. However, this policy could not work effectively. Except for few items that were restricted, all others were easily available in the market through illegal channels, resulting in skyrocketing of prices. As the revenue loss from unauthorized imports increased, the government lifted the ban on imports.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Even this step could not bring the market back to the rhythm. Entrepreneurs say that now the production of industries has fallen to less than a quarter of their full capacity. While the government is claiming that the economic indicators have improved, the private sector is not ready to accept this.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The private sector believes that the market is going into recession. Hari Gautam, senior vice president of Birgunj Industry and Commerce says, &ldquo;There are no signs of improvement in the market. Positive statistics alone is not enough. The market should feel the impact accordingly.&rdquo;&nbsp;</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Currently, the consumption of construction materials, clothes and daily consumables has decreased. Businessmen say that the halt in works of the construction industry has had a ripple effect in demand and production.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Industrialists say that the demand for the products of large industries like cement and iron has decreased heavily.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><strong><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Consumption of medicine also decreased</span></strong></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to Prabhat Rungta, treasurer of Nepal Pharmaceutical Producers Association, the consumption of even essential medicines has decreased. Businessmen say that the demand for medicines has decreased due to the increase in health awareness since the onset of the Covid-19 pandemic and cheap medicines available in the market and health insurance schemes.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Rungta said that since the government has been supplying medicines provided under health insurance through global tenders, domestic manufacturers have not been able to compete in the market. Producers estimate that the consumption of domestically-produced medicines has decreased by 25 to 30 percent.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">How to solve?</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The lack of investable funds (liquidity) seen in the banking system is one of the main reasons for the contraction in business of the private sector. Due to the high interest rate, the construction works have stopped and there is lack of new investment. Businessmen say that the overall demand has decreased due to its cyclical effect.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Subodh Kumar Gupta, chairman of the Trade Committee under FNCCI, suggests that the government should increase its public spending capacity to make the market vibrant. Gupta says, &ldquo;If the government fails to cut unnecessary expenses and increase capital expenditure, there may be a serious economic crisis. The government has not been serious about it yet,&rdquo;</span> said Gupta.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The business community believes that if investment is increased in the market to create demand, the economy will return to normalcy. Ashok Kumar Temani, president of Madhesh Province chapter of FNCCI, says that the provision of current capital loan guidelines should be suspended for now and the market should be made operational.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Businessmen say that a long-term solution to the lack of liquidity should be sought. Senior Vice President Gautam says, &ldquo;There should be a clear policy arrangement to keep the interest rate under control.&rdquo;</span></span></span></p>

<p>&nbsp;</p>
',
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	(int) 9 => array(
		'Article' => array(
			'id' => '19095',
			'article_category_id' => '1',
			'title' => 'Indra Jatra Begins Today with the Setting up of Wooden Pole',
			'sub_title' => '',
			'summary' => 'September 25: Indra Jatra, the festival of rain and good harvest, began Tuesday in Bhaktapur district.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 25: Indra Jatra, the festival of rain and good harvest, began Tuesday in Bhaktapur district.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The eight-day festival, having religious and cultural significance, is observed with much fanfare especially among the Newar communities in the Kathmandu Valley. It is also marked in districts such as Kavrepalanchowk and Dolakha.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The Indra Jatra, the main day of the festival, falls on the Bhadra Shukla Chathurdashi, the fourth day of the waxing moon in the month of Bhadra as per the lunar calendar. September 28 is the main day of the festival this year.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">It begins from Bhadra Shukla Dwadashi and on that day a towering wooden pole (lingo) signifying the Lord of Rain-Indra- is installed in every town of Bhaktapur city.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the tradition, erecting a lingo (a wooden pole) began at 10:37 am on Tuesday.&nbsp; &nbsp;&nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As part of the festival, the wooden pole is brought from Bhaktapur to Kathmandu and installed on the chariot at Hanumandhoka in Basatapur Durbar Square.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A number of ceremonies are organized during the eight-day festival including Lakhe naach and Pulu Kisi procession. The chariot procession, a major part of the festival, involves pulling of a big chariot of the living Goddess Kumari and two smaller chariots of Lord Ganesh and Lord Bhairab along the thoroughfares of the city. It will take place on September 27.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As per the tradition, the Head of State visits and worships the living Goddess Kumari, Ganesh and Bhairav during the festival.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Cultural expert and historian Prof Dr Purusottam Lochan Shrestha shared that although the Indra Jatra has been celebrated since Dwapar era (during the time of Mahabharata), King Jagat Prakash Malla of Bhaktapur in the 17th century collected Vedic scriptures and other holy texts such as the Puranas and imitated scenes based on the stories narrated in those scriptures and brought the culture and tradition of festivities. Historian Shrestha added that the festival is celebrated with the aim of maintain peace and order, fostering prosperity and to ward off natural calamities.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He shared that the locals believe that observing the festival will also prevent famine, epidemic, excessive rains and eradicate enmity among people.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Meanwhile, the Kathmandu Metropolitan City (KMC), with the aim of promoting the dignity of Indra Jatra at the international level, has invited guests from various municipalities of foreign countries with which it has established sister relations.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The KMC shared in a press meet on Monday that as many as 22 guests from the USA and China will visit Nepal to partake in the celebration of Indra Jatra.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The festival will come to an end on October 2. -- RSS</span></span></span></p>
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			'title' => 'China Leads 19th Asian Games, Nepal Nil',
			'sub_title' => '',
			'summary' => 'September 26: Players from different countries have secured a total of 228 medals so far in the ongoing 19th Asian Games in Hangzhou, China.',
			'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 26: Players from different countries have secured a total of 228 medals so far in the ongoing 19th Asian Games in Hangzhou, China. But, Nepal is still unable to secure any medal till now.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Among 45 countries participating in the Games, players from 25 countries have bagged medals. </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As of Monday, China bagged 39 gold medals, 21 silver and nine bronze medals to top the medals tally. Similarly, South Korea is a distant second with 10 gold and silver medals each and 13 bronze medals, followed by Japan in the third position with five gold, 14 silver and 14 bronze medals, while Uzbekistan is trailing in the fourth position with four gold, six silver and bronze medals each.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<strong><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal&#39;s performance off the mark&nbsp;&nbsp;&nbsp;&nbsp; </span></strong><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal&#39;s performance in the ongoing Asian Games is off the mark. The players have disappointed the sports revelers. All Nepali players were defeated in tennis on Monday. Nepal lost in all four competitions. Pradip Khadka who won the first round match under men&rsquo;s singles category lost to a Japanese player in straight sets in the second round.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, Abhisek Bastola under men&rsquo;s singles category was defeated by a Hong Kong player. The group of Avilasha Bista and Mahima Rana lost to South Korean team in women&rsquo;s doubles. In the mixed doubles, Abhisek Bastola and Avilasha Bista lost to an Indonesian team.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal also lost in fencing, rugby, cycling, basketball, taekwondo, judo, and swimming.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Meanwhile, Rabin Thapa who defeated an Indonesian player in 51-kg category in boxing 4-1 is playing with Korean players in the pre-quarter final. -- RSS </span></span></span></p>
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			'title' => 'Tensions Run High in Manipal Hospital after Patient Dies   ',
			'sub_title' => '',
			'summary' => 'September 26: Pokhara-based Manipal Teaching Hospital remained tense on Monday after a 57-year-old patient died in course of treatment at the hospital.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 26: Pokhara-based Manipal Teaching Hospital remained tense on Monday after a 57-year-old patient died in course of treatment at the hospital.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Sukamaya Dura of Lamjung was brought to the hospital on Monday morning after she complained of breathing complications. The relatives of the woman have accused the doctors for negligence in the treatment, leading to her &#39;unexpected&#39; death. They also accused the hospital of not providing the updates of the patient to them on time.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A significant number of security forces has been presently mobilized at the hospital, considering a potential threat to medical professionals involved in the treatment of the woman, according to police. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The irate mob smashed the hospital door as well.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Spokesperson for the District Police Office, Kaski, Shrawan Kumar BK said that the hospital administration and the relatives of the victims were holding talks to reach an agreement by the time this news report was prepared.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The hospital management has assures that it would soon provide factual data about the incident. -- RSS </span></span></span></p>

<p>&nbsp;</p>
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			'sortorder' => '18821',
			'image' => '20230926111227_manipal.jpg',
			'article_date' => '2023-09-26 11:11:52',
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			'id' => '19092',
			'article_category_id' => '1',
			'title' => 'Nepal Insurance Company Limited Marks its 76th Anniversary',
			'sub_title' => '',
			'summary' => 'Nepal Insurance Company Limited has felicitated 17 employees who have served for more than two decades on the occasion of its 76th anniversary.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 26: Nepal Insurance Company Limited has felicitated 17 employees who have served for more than two decades on the occasion of its 76th anniversary.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company awarded medals and certificates to seven employees who have completed 25 years of service and appreciation letters to ten employees who have completed 20 years of service during the annual celebration at its central office in Kathmandu.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The annual celebration, presided over by the Chairman of the Board of Directors, Lakshman Poudel, was held on Monday. In the program, Deputy Chief Executive Officer Ishwor Pokharel had delivered a welcome speech.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Currently, the company has been delivering its services through 59 offices and three third-party insurance service centers from across the country. </span></span></p>
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			'sortorder' => '18820',
			'image' => '20230926061336_collage (5).jpg',
			'article_date' => '2023-09-26 06:12:21',
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			'id' => '19091',
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			'title' => 'Climbers Trickle in Mt Dhaulagiri Base Camp for Autumn Expedition',
			'sub_title' => '',
			'summary' => 'Climbers are arriving at the base camp of Mt. Dhaulagiri in Myagdi district for their autumn expedition. Aspiring climbers are joined by support Sherpa groups who are helping transport the necessary equipment and gear for the climb.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 26: Climbers are arriving at the base camp of Mt. Dhaulagiri in Myagdi district for their autumn expedition. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Aspiring climbers are joined by support Sherpa groups who are helping transport the necessary equipment and gear for the climb.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Indra Sherchan, a local tourism entrepreneur who assists climbers at the base camp, the initial group of climbers was airlifted to the base camp, while mules and donkeys have been used to transport expedition supplies and daily consumables.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">More climbers are en route to the base camp, and as of now, a total of 10 climbers from a single group have obtained permits to ascend the 8,167-meter mountain in the upcoming winter season. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Department of Tourism reported that they have collected over Rs 1.1 million in revenue from five male and five female climbers who aspire to conquer Mt. Dhaulagiri this autumn.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This year, a total of 339 climbers from 47 countries have been granted permits to climb 10 different mountains this autumn, resulting in the State earning over Rs 30 million in revenue, according to the Department. (RSS) </span></span></p>
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			'sortorder' => '18819',
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			'article_date' => '2023-09-26 05:55:35',
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			'title' => 'Swimming Ace Qin makes Asian Games History as China Leads Tally',
			'sub_title' => '',
			'summary' => 'September 25: Swimming sensation Qin Haiyang added another title to his name to inflate China's already bulging gold-medal haul at the Asian Games on Monday.',
			'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">September 25: Swimming sensation Qin Haiyang added another title to his name to inflate China&#39;s already bulging gold-medal haul at the Asian Games on Monday.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">According to AFP, the hosts enjoyed success in rowing, shooting, taekwondo, wushu and mountain biking to top the medals table in&nbsp;Hangzhou&nbsp;with 39 golds towards the end of the second full day of action.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">South Korea and Japan are their closest competitors with a distant 10 and five golds respectively.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">Chinese swimmers romped to all seven titles on the opening day of swimming on Sunday in an ominous display ahead of next summer&#39;s Paris Olympics, but they did not have it all their own way a day later, the French news agency reported.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">South Korea&#39;s Ji Yu-chan set a new Asian Games record in the men&#39;s 50m freestyle of 21.72secs in a shock win ahead of Hong Kong&#39;s Ian Ho (21.87) and teenage Chinese star Pan Zhanle (21.92).</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">According to AFP, Olympic silver medallist Siobhan Haughey clinched Hong Kong&#39;s first Asian Games swimming gold ever with an emphatic victory in the 200m freestyle in a sizzling 1min 54.12sec, another Games record.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">South Korea took gold ahead of the hosts in the men&#39;s 4x200m freestyle relay in another surprise.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">The other four races all went the way of China&#39;s swimmers, with the hulking 24-year-old Qin adding Games 100m breaststroke gold to his recent world title.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">Qin, also the 50m and 200m world champion, romped home in a new Games-record time of 57.76secs, a gaping 1.33sec ahead of teammate Yan Zibei.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">World records fell in shooting with India and China both displaying pinpoint precision, added AFP.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">The Indian trio of Divyansh Panwar, Rudrankksh Patil and Aishwary Tomar blew away the field with a new world best to win the men&#39;s 10m air rifle team event.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">It was India&#39;s first gold of these Games and they doubled it in the afternoon when they defeated Sri Lanka in the women&#39;s cricket final by 19 runs on their Games cricket debut.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">&quot;It&#39;s a gold medal for the whole of India,&quot; said batter Richa Ghosh.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">AFP reported that North Korea, competing in their first major international sporting event since the pandemic, added silvers in men&#39;s team shooting and women&#39;s judo to their lone bronze.</span></span></span></p>

<p>&nbsp;</p>
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			'title' => 'SEBON Tightens the Noose on IPO Issuance of Hydropower Companies',
			'sub_title' => '',
			'summary' => 'September 27: The Securities Board of Nepal (SEBON) is preparing to implement new regulations regarding the share issuance and trading of hydropower companies. ',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 27: The Securities Board of Nepal (SEBON) is preparing to implement new regulations regarding the share issuance and trading of hydropower companies. After a discussion between SEBON and the officials of Independent Power Producers Association, Nepal (IPPAN), a new arrangement has been decided regarding the securities of hydropower sector companies, SEBON sources informed New Business Age.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the information provided by SEBON spokesperson Mukti Shrestha, a new system is going to be implemented regarding the transactions after the lock-in period of the initial public offering (IPO), rights shares and promoter shares of the hydropower company. According to him, the new system will not apply to companies that are currently in the process of IPO and rights share issuance.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Shrestha said that SEBON is going to add some new provisions to make the securities transactions of hydropower companies transparent due to complaints from the general investors regarding the trading of the promoter shares of the listed hydropower company.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">After the lock-in period, the hydropower companies can issue promoter shares only after starting commercial production of electricity, as per the new regulations.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">SEBON said that the hydropower companies must mandatorily publish the information related to the opening of the lock-in period of promoter as well as general shareholders in a national daily newspaper and the company&rsquo;s website and also provided the information to the SEBON and the stock market.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The company can start the share trading only after 15 business days after publishing the notice.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Recently, the number of companies issuing rights shares has increased as the Electricity Regulatory Commission, the regulator of hydropower companies, has allowed the issuance of rights shares to pay the loans taken by hydropower companies for the construction of the projects. Most of them are preparing to issue rights shares for loan repayment purposes.</span></span></span></span></p>

<p>&nbsp;</p>
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	(int) 1 => array(
		'Article' => array(
			'id' => '19103',
			'article_category_id' => '1',
			'title' => 'Finance Minister Mahat Requests AIIB for Subsidized Financial Assistance   ',
			'sub_title' => '',
			'summary' => 'September 26: Minister for Finance Dr Prakash Sharan Mahat has urged for concessional financial aid for the development of least developed countries like Nepal.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 26: Minister for Finance Dr Prakash Sharan Mahat has urged for concessional financial aid for the development of least developed countries like Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Minister Mahat made the appeal during the 8th annual meeting of the Asian Infrastructure Investment Bank (AIIB) held in Sharm El-Sheikh, Egypt.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the state-owned RSS, he further called on all member states to accept Nepal&#39;s proposal for placing a separate mechanism in providing subsidized financial aid to the least developed countries.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">On the occasion, Finance Minister Mahat said some of the major challenges that have emerged worldwide include global economic instability, accelerated journey towards Green House Gas emissions, lackluster economic development of low and middle income countries and difficulty in access to financial resources for poverty alleviation to maintain quality life of citizens, RSS further reported.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The role of multilateral development banks, including AIIB is crucial to avert such crises, he added.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Finance Minister Dr Mahat said the low income countries also needed support for economic recovery and development, employment generation, green infrastructure development, expansion of access to financial instruments, technical and institutional capacity development, climate change-induced disaster management and other social safety nets.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Finance Minister Mahat argued that the existing financial assistance mechanism and instruments are not adequate in the context when huge financial resource needed particularly for the least developed and developing countries.&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to RSS, he also urged the AIIB to utilize innovative and creative finances, including public private partnership, green investment and combined finance to avoid the shortage of financial instruments in the countries having weak economy.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The finance minister stressed on the need for the enhancement of climate finance and related facilities for Nepal and other countries that have been facing negative effects of climate change despite negligible role in carbon emission.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The minister also drew the attention of all participants towards reviewing and determining appropriate carbon trade.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal, a founding member of the AIIB established on the initiative of China, is yet to get any concessional loans from Asian Infrastructure Investment Bank (AIIB).</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In every annual meeting of AIIB, the finance ministry of Nepal submits proposals for concessional loans from the multilateral donor organisation but the AIIB turns down the proposals every time.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As many as 86 countries attended the high-level AIIB meeting that concluded on Tuesday. Finance Minister Dr Mahat is returning home today.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p>&nbsp;</p>
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	(int) 2 => array(
		'Article' => array(
			'id' => '19102',
			'article_category_id' => '1',
			'title' => 'World Tourism Day being Observed Today   ',
			'sub_title' => '',
			'summary' => 'September 27: The 44th World Tourism Day is being observed in Nepal by organizing various programmes today.   ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 27: The 44th World Tourism Day is being observed in Nepal by organizing various programmes today.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">On the occasion, the Ministry of Culture, Tourism and Civil Aviation, Nepal Tourism Board, Department of Tourism and leading organizations of tourism sector are celebrating the day with several activities.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The ministry said that the World Tourism Day is being observed in Nepal with the slogan &#39;Tourism and Green Investment&#39;.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In order to mark the day in a grand manner, the government has formed the 44th World Tourism Day Main Function Committee under the chairmanship of Minister for Tourism Sudan Kiranti.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the Ministry Spokesperson Rajendra Kumar KC, the Tourism Minister welcomed foreign tourists who arrived at the Tribhuvan International Airport through the first flight at 6.00 am this morning.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, a morning procession was held from Patan Dhoka, Lalitpur to Mangalbazaar at 7.30 am today. A formal programme is being organized in Patan Durbar area on the occasion jointly by the Ministry of Tourism and Lalitpur Metropolis. Organizations earning higher foreign currency and individuals and institutions making contributions to the tourism sector will be honoured today.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The World Tourism Day is being marked on September 27 every year with the slogan &#39;Promoting Accessible Tourism for All&#39;. -- RSS&nbsp; </span></span></span></p>
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			'image' => '20230927105651_20180723035031_mangal bazar tourist.jpg',
			'article_date' => '2023-09-27 10:56:11',
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	(int) 3 => array(
		'Article' => array(
			'id' => '19101',
			'article_category_id' => '1',
			'title' => 'Festivals-centered Fair Price Shops to Run from October 8',
			'sub_title' => '',
			'summary' => 'The government has decided to launch the fair-price shops in view of the upcoming festivals from October 8 to November 19.  According to Spokesperson for the Ministry of Industry and Supplies, Gajendra Kumar Thakur, fair-price shops are aimed to serve the interests of consumers during the festive season.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 27: The government has decided to launch the fair-price shops in view of the upcoming festivals from October 8 to November 19.&nbsp;&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Spokesperson for the Ministry of Industry and Supplies, Gajendra Kumar Thakur, fair-price shops are aimed to serve the interests of consumers during the festive season. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The outlets are expected to control unwanted price rise, maintain market quality and ensure the smooth supplies of food at reasonable rates during festivals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government each year operates the fair price shops to prevent the monopoly of private sector in the market during festivals. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Food Management and Trade Company Limited (FMTCL) and Salt Trading Corporation under the Ministry of Industry, Commerce and Supplies and Dairy Development Corporation under the Ministry of Agriculture and Livestock Development will collaborate to operate these shops. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Different varieties of rice, pulses, wheat flour, edible oil and beaten rice will be available in such outlets at relatively lower prices than in the regular market.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, discount of Rs 10 has been offered in per kg beans and other grains produced in Karnali and live goats, and mountain goats.&nbsp; </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has allocated Rs 23.22 million for Food Management and Trade Company to run fair price shops this year.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, the government has allocated Rs 10 million to provide discount on food stuffs to be sold through Salt Trading Corporation. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Salt Trading Corporation will sell sugar at Rs 97 per kg while it will provide Rs 2 discount on per kg salt and Rs 7 in per kg beaten rice.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Dairy Development Corporation will provide Rs 20 discount on per kg ghee and Rs 20 on per 200 gram paneer and Rs 50 on per 500 gram paneer. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Stalls will be put in 35 places including eight selling centre and three mobile shops of Food Management and Trade Company and Salt Trading Corporation located in Kathmandu Valley.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides this, the FMTCL will run fair-price shops in Morang, Jhapa, Taplejung, Sankhuwasabha, Solukhumbu, Diktel, Bhojpur, Okhaldhunga, Khotang, Siraha, Janakpur, Parsa, Kathmandu, Lalitpur, Bhaktapur, Kaski, Tanahun, Gorkha, Manang, Mustang, Rupandehi, Banke, Dang, Bardiya, Rukum East and Rukum West.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, FMTCL will have concessional stocks at 48 places of 42 districts, including Rolpa, Surkhet, Gulmi, Dailekh, Dolpa, Kalikot, Humla, Jajarkot, Jumla, Mugu, Kailali, Dadeldhura, Bajura, Bajhang, Achham, Darchula and Mahendranagar. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Such fair-price shops can also be operated in additional districts and places as per the need, the Ministry stated. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fixed discount can be accessed through free online home delivery, mobile service, cooperatives and dealers. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A monitoring committee has also been formed to check whether the operated fair-price shops are effective or not. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Ministry, market monitoring would be further intensified throughout the festival period. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the case of Kathmandu Valley, the Ministry will form the team and carry out monitoring throughout the period the fair-price shops are operated. The corporations concerned shall also do the same. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Department of Commerce, Supplies Management and Consumer Protection will also form additional team other than the regular monitoring and intensify the monitoring. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In case of other districts, the monitoring teams shall be constituted under the convenorship of the Chief District Officer or the Assistant Chief District Officer for carrying out a thorough monitoring, according to the Ministry. (RSS) </span></span></p>
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	(int) 4 => array(
		'Article' => array(
			'id' => '19100',
			'article_category_id' => '1',
			'title' => 'Haughey Fires Paris Olympic Warning as China Tops Medal Tally',
			'sub_title' => '',
			'summary' => 'September 26: Hong Kong swimmer Siobhan Haughey issued another warning for next year's Paris Olympics as hosts China won the first eSports gold medal in the 72-year history of the Asian Games on Tuesday.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">September 26: Hong Kong swimmer Siobhan Haughey issued another warning for next year&#39;s Paris Olympics as hosts China won the first eSports gold medal in the 72-year history of the Asian Games on Tuesday.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to AFP, audiences of overwhelmingly young spectators packed out the 4,500-capacity Hangzhou Esports Center in the hope of catching one of their heroes, especially South Korea&#39;s Lee &quot;Faker&quot; Sang-hyeok.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Medals are up for grabs in seven gaming titles, with China grabbing the first gold when they defeated Malaysia in the final of smartphone game Arena of Valor. Malaysia took home silver and Thailand bronze.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to the French news agency, China&#39;s place in the Games record books helped the home nation increase their overall tally of golds to 53 at the end of three days of action.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">They are way ahead of South Korea (14 golds), Japan (eight) and Uzbekistan and Hong Kong (both five).</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Haughey fires warning</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">With the 2024 Paris Olympics just 10 months away, Haughey won her second gold of the Games in another impressive performance in the pool which will make her rivals sit up and take notice.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">She shattered her own Asian record to add the Games 100m freestyle title to her Olympic and world silver medals, added AFP.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The 25-year-old produced an exceptional swim on Monday to crush the pack by nearly two seconds and take out the 200m crown, smashing an Asian Games record that had stood since 2010.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">She was fired up again over the shorter distance in blasting a 52.17sec to send a warning to Australian freestylers Mollie O&#39;Callaghan and Emma McKeon.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Haughey previously set an Asian record of 52.27 when she came second to McKeon at the Tokyo Olympics. Only world champion O&#39;Callaghan has gone faster in 2023.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to AFP, China again bossed the Hangzhou pool, taking four of the six golds on the night. The other went to Tomoru Honda, who stunned exhausted Japanese team-mate Daiya Seto in the 400m medley.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">China rack up more golds</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On another day of dominance, China&#39;s all-powerful table tennis squad swept past rivals Japan 3-0 in the women&#39;s team final. They also claimed men&#39;s team gold over South Korea by the same scoreline.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In artistic gymnastics, Zhang Boheng won gold in the men&#39;s all-around final.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">But China were dethroned by Japan in the men&#39;s team sprint at the Chun&#39;an Jieshou Sports Centre Velodrome on the first day of action on the cycling track.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">China&#39;s women made no mistake in their team sprint final, beating South Korea to the title.</span></span></p>

<p>&nbsp;</p>
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	(int) 5 => array(
		'Article' => array(
			'id' => '19099',
			'article_category_id' => '1',
			'title' => 'Sanitary Pad Industry Shutting Down',
			'sub_title' => '',
			'summary' => 'September 26: The export of sanitary pads from Nepal has increased by 582 percent.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 26: The export of sanitary pads from Nepal has increased by 582 percent. Despite this encouraging trend, businessmen say that the industries that produce sanitary pads are shutting down in the country one after another. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the Nepal Sanitary Pad Manufacturers Association, 42 percent of the pad manufacturing companies operating in Nepal have shut their factories.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the data of the Department of Customs, Nepal exported 22.24 million sanitary pads worth Rs 56.88 million in just two months of the current fiscal year. In the same period last year, Nepal exported 2.78 million sanitary pads worth Rs 8.4 million.</span> </span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Sanitary pads are exported from Nepal to the United States of America and India. According to the Department of Customs, pads were exported mostly to India in the current year. In the last two months, 22 million pads worth Rs 56.87 million were exported to India alone. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Dolraj Adhikari, president of the Nepal Sanitary Pad Manufacturers Association, says that despite the increase in exports, pad industries are shutting down. According to him, out of 35 industries operating in Nepal, about 15 have been closed.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;The pad industry is in trouble now mainly due to the economic recession and also because it does not fall in the priority list of the government. Therefore, to encourage the pad industry and to be completely self-sufficient in pads, it is necessary to change the difference between the customs duty on the import of ready-made goods and raw materials to of 10 percent, which is 2 percent at present.&rdquo;</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Meanwhile, in the two months of this year, Nepal imported 29.1 million sanitary pads worth Rs 186.8 million from abroad, according to the data of the Department of Customs. Last year, during the same period, 31.7 million sanitary pads worth Rs 245.2 million were imported.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Compared to last year, the import of sanitary pads decreased this year. Nepal imports pads from Australia, Bangladesh, China, India, Korea, Taiwan, the United Arab Emirates, the United Kingdom, the United States of America and other countries.</span></span></span></p>

<p>&nbsp;</p>
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			'description' => '',
			'sortorder' => '18827',
			'image' => '20230926042050_1695714812.jpeg',
			'article_date' => '2023-09-26 16:20:14',
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	(int) 6 => array(
		'Article' => array(
			'id' => '19097',
			'article_category_id' => '1',
			'title' => 'Nepal, China Issue Joint Statement Promising Cooperation in Railway, Connectivity and More',
			'sub_title' => '',
			'summary' => 'September 26: Nepal and China have issued a joint statement during the ongoing visit of Prime Minister Pushpa Kamal Dahal to China.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">September 26: Nepal and China have issued a joint statement during the ongoing visit of Prime Minister Pushpa Kamal Dahal to China. The joint statement issued on Tuesday states that the Chinese side is ready to help Nepal train railway professionals.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The two sides expressed satisfaction over the progress of the feasibility study of the Jilong/Keyrung-Kathmandu Cross-Border Railway, and planned to hold the 8th Working Meeting on China-Nepal Railway Cooperation as early as possible.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Acknowledging the signing of the MoU between the Government of Nepal and the Government of the People&rsquo;s Republic of China on bilateral cooperation under the framework of the Belt and Road Initiative on 12 May 2017, both the countries expressed their commitment to accelerate the consultations to finalize the text on the BRI Implementation Plan at an early date. They expressed readiness to exchange experiences on their development strategies, deepen practical cooperation in such fields as infrastructure connectivity, trade, tourism, production capacity and investment, and further deepen and solidify Belt and Road cooperation to deliver greater benefits to their peoples.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Likewise, the Chinese side also expressed its commitment to extend its support to improve the facilities on the Nepali side of the Lizi-Nechung port at the earliest possible date. The Chinese side agreed to work for the early reopening of eligible traditional China-Nepal border trade points. The two sides also agreed to maintain communication for the opening of Chentang-Kimathanka, Riwu-Olangchungola ports at an early date.&nbsp;&nbsp;</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Considering the needs of Nepal, China has agreed to carry out the fourth phase of the Araniko highway maintenance project and to quickly carry out the Syafrubesi-Rasuwagadhi highway maintenance work, mentions the joint statement.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Similarly, China has agreed to speed up the feasibility study of the Tokha-Chhare tunnel project and the second phase of the Kathmandu Ring Road project.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In order to transform Nepal from a landlocked country to a land-linked country, both sides have agreed to continue the implementation of the documents signed in the past regarding China&#39;s transportation and highway use.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal and China welcomed the consensus reached between the civil aviation authorities of the two countries on expanding the air rights arrangements, and expressed satisfaction over the completion and operation of the Pokhara International Airport. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;The two sides support and encourage their airlines to resume and open more flights and air routes, including ones connecting Pokhara, in accordance with bilateral air rights arrangements and in light of market needs, so as to facilitate trade and economic interactions and people-to-people exchanges,&rdquo; reads the statement.&nbsp; </span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2023-09-26',
			'modified' => '2023-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '18826',
			'image' => '20230926035708_1695708697.collage (1).jpg',
			'article_date' => '2023-09-26 15:56:31',
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	(int) 7 => array(
		'Article' => array(
			'id' => '19098',
			'article_category_id' => '1',
			'title' => 'Government Waives Fee for Company Registration and Capital Increment',
			'sub_title' => '',
			'summary' => 'September 26: The government has waived the fee for company registration and capital increment effective from Monday.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 26: The government has waived the fee for company registration and capital increment effective from Monday. This new provision has come into effect after the government published a notice in this regard in the Nepal Gazette.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The government made such arrangements in line with the announcement made in the budget for the current fiscal year to make company registration free of cost.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The notice published in the Nepal Gazette by the Ministry of Industry, Commerce and Supplies mentions that the fees that were previously charged during company registration and capital increment have been waived.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&quot;No fee will be charged while registering a private limited company and a public limited company or for increasing the capital of a registered company according to section </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">5</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> of the Companies Act </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">2063</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">,&quot; reads the notice.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Similarly, arrangements have been made to waive the fee for registration of foreign companies provided that they do not register branch offices and contact office and pledge not to distribute profits.</span></span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '18825',
			'image' => '20230926040950_20230720113533_company registration.jpg',
			'article_date' => '2023-09-26 16:09:22',
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	(int) 8 => array(
		'Article' => array(
			'id' => '19096',
			'article_category_id' => '1',
			'title' => 'Private Sector not Ready to Accept Government’s Claim that Economic Indicators have Improved',
			'sub_title' => 'Industrialists Running Industry not to Make Profit, but to Reduce Losses',
			'summary' => 'September 26: Although the festive season is just around the corner, there is no excitement in the market.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 26: Although the festive season is just around the corner, there is no excitement in the market. The market is still struggling due to the slowdown caused by Covid-19 pandemic. On top of that, the import control policy adopted by the government and the current capital loan guidelines implemented by the central bank have further weakened the market.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">As the foreign exchange reserves began to decrease, the panicked government adopted a policy of tightening imports. However, this policy could not work effectively. Except for few items that were restricted, all others were easily available in the market through illegal channels, resulting in skyrocketing of prices. As the revenue loss from unauthorized imports increased, the government lifted the ban on imports.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Even this step could not bring the market back to the rhythm. Entrepreneurs say that now the production of industries has fallen to less than a quarter of their full capacity. While the government is claiming that the economic indicators have improved, the private sector is not ready to accept this.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The private sector believes that the market is going into recession. Hari Gautam, senior vice president of Birgunj Industry and Commerce says, &ldquo;There are no signs of improvement in the market. Positive statistics alone is not enough. The market should feel the impact accordingly.&rdquo;&nbsp;</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Currently, the consumption of construction materials, clothes and daily consumables has decreased. Businessmen say that the halt in works of the construction industry has had a ripple effect in demand and production.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Industrialists say that the demand for the products of large industries like cement and iron has decreased heavily.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><strong><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Consumption of medicine also decreased</span></strong></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to Prabhat Rungta, treasurer of Nepal Pharmaceutical Producers Association, the consumption of even essential medicines has decreased. Businessmen say that the demand for medicines has decreased due to the increase in health awareness since the onset of the Covid-19 pandemic and cheap medicines available in the market and health insurance schemes.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Rungta said that since the government has been supplying medicines provided under health insurance through global tenders, domestic manufacturers have not been able to compete in the market. Producers estimate that the consumption of domestically-produced medicines has decreased by 25 to 30 percent.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">How to solve?</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The lack of investable funds (liquidity) seen in the banking system is one of the main reasons for the contraction in business of the private sector. Due to the high interest rate, the construction works have stopped and there is lack of new investment. Businessmen say that the overall demand has decreased due to its cyclical effect.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Subodh Kumar Gupta, chairman of the Trade Committee under FNCCI, suggests that the government should increase its public spending capacity to make the market vibrant. Gupta says, &ldquo;If the government fails to cut unnecessary expenses and increase capital expenditure, there may be a serious economic crisis. The government has not been serious about it yet,&rdquo;</span> said Gupta.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The business community believes that if investment is increased in the market to create demand, the economy will return to normalcy. Ashok Kumar Temani, president of Madhesh Province chapter of FNCCI, says that the provision of current capital loan guidelines should be suspended for now and the market should be made operational.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Businessmen say that a long-term solution to the lack of liquidity should be sought. Senior Vice President Gautam says, &ldquo;There should be a clear policy arrangement to keep the interest rate under control.&rdquo;</span></span></span></p>

<p>&nbsp;</p>
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			'article_date' => '2023-09-26 14:13:28',
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	(int) 9 => array(
		'Article' => array(
			'id' => '19095',
			'article_category_id' => '1',
			'title' => 'Indra Jatra Begins Today with the Setting up of Wooden Pole',
			'sub_title' => '',
			'summary' => 'September 25: Indra Jatra, the festival of rain and good harvest, began Tuesday in Bhaktapur district.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 25: Indra Jatra, the festival of rain and good harvest, began Tuesday in Bhaktapur district.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The eight-day festival, having religious and cultural significance, is observed with much fanfare especially among the Newar communities in the Kathmandu Valley. It is also marked in districts such as Kavrepalanchowk and Dolakha.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The Indra Jatra, the main day of the festival, falls on the Bhadra Shukla Chathurdashi, the fourth day of the waxing moon in the month of Bhadra as per the lunar calendar. September 28 is the main day of the festival this year.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">It begins from Bhadra Shukla Dwadashi and on that day a towering wooden pole (lingo) signifying the Lord of Rain-Indra- is installed in every town of Bhaktapur city.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the tradition, erecting a lingo (a wooden pole) began at 10:37 am on Tuesday.&nbsp; &nbsp;&nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As part of the festival, the wooden pole is brought from Bhaktapur to Kathmandu and installed on the chariot at Hanumandhoka in Basatapur Durbar Square.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A number of ceremonies are organized during the eight-day festival including Lakhe naach and Pulu Kisi procession. The chariot procession, a major part of the festival, involves pulling of a big chariot of the living Goddess Kumari and two smaller chariots of Lord Ganesh and Lord Bhairab along the thoroughfares of the city. It will take place on September 27.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As per the tradition, the Head of State visits and worships the living Goddess Kumari, Ganesh and Bhairav during the festival.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Cultural expert and historian Prof Dr Purusottam Lochan Shrestha shared that although the Indra Jatra has been celebrated since Dwapar era (during the time of Mahabharata), King Jagat Prakash Malla of Bhaktapur in the 17th century collected Vedic scriptures and other holy texts such as the Puranas and imitated scenes based on the stories narrated in those scriptures and brought the culture and tradition of festivities. Historian Shrestha added that the festival is celebrated with the aim of maintain peace and order, fostering prosperity and to ward off natural calamities.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He shared that the locals believe that observing the festival will also prevent famine, epidemic, excessive rains and eradicate enmity among people.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Meanwhile, the Kathmandu Metropolitan City (KMC), with the aim of promoting the dignity of Indra Jatra at the international level, has invited guests from various municipalities of foreign countries with which it has established sister relations.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The KMC shared in a press meet on Monday that as many as 22 guests from the USA and China will visit Nepal to partake in the celebration of Indra Jatra.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The festival will come to an end on October 2. -- RSS</span></span></span></p>
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			'image' => '20230926112431_20220909091416_20180920035728_indra jatra.jpg',
			'article_date' => '2023-09-26 11:23:57',
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	(int) 10 => array(
		'Article' => array(
			'id' => '19093',
			'article_category_id' => '1',
			'title' => 'China Leads 19th Asian Games, Nepal Nil',
			'sub_title' => '',
			'summary' => 'September 26: Players from different countries have secured a total of 228 medals so far in the ongoing 19th Asian Games in Hangzhou, China.',
			'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 26: Players from different countries have secured a total of 228 medals so far in the ongoing 19th Asian Games in Hangzhou, China. But, Nepal is still unable to secure any medal till now.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Among 45 countries participating in the Games, players from 25 countries have bagged medals. </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As of Monday, China bagged 39 gold medals, 21 silver and nine bronze medals to top the medals tally. Similarly, South Korea is a distant second with 10 gold and silver medals each and 13 bronze medals, followed by Japan in the third position with five gold, 14 silver and 14 bronze medals, while Uzbekistan is trailing in the fourth position with four gold, six silver and bronze medals each.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<strong><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal&#39;s performance off the mark&nbsp;&nbsp;&nbsp;&nbsp; </span></strong><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal&#39;s performance in the ongoing Asian Games is off the mark. The players have disappointed the sports revelers. All Nepali players were defeated in tennis on Monday. Nepal lost in all four competitions. Pradip Khadka who won the first round match under men&rsquo;s singles category lost to a Japanese player in straight sets in the second round.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, Abhisek Bastola under men&rsquo;s singles category was defeated by a Hong Kong player. The group of Avilasha Bista and Mahima Rana lost to South Korean team in women&rsquo;s doubles. In the mixed doubles, Abhisek Bastola and Avilasha Bista lost to an Indonesian team.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal also lost in fencing, rugby, cycling, basketball, taekwondo, judo, and swimming.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Meanwhile, Rabin Thapa who defeated an Indonesian player in 51-kg category in boxing 4-1 is playing with Korean players in the pre-quarter final. -- RSS </span></span></span></p>
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	(int) 11 => array(
		'Article' => array(
			'id' => '19094',
			'article_category_id' => '1',
			'title' => 'Tensions Run High in Manipal Hospital after Patient Dies   ',
			'sub_title' => '',
			'summary' => 'September 26: Pokhara-based Manipal Teaching Hospital remained tense on Monday after a 57-year-old patient died in course of treatment at the hospital.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 26: Pokhara-based Manipal Teaching Hospital remained tense on Monday after a 57-year-old patient died in course of treatment at the hospital.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Sukamaya Dura of Lamjung was brought to the hospital on Monday morning after she complained of breathing complications. The relatives of the woman have accused the doctors for negligence in the treatment, leading to her &#39;unexpected&#39; death. They also accused the hospital of not providing the updates of the patient to them on time.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A significant number of security forces has been presently mobilized at the hospital, considering a potential threat to medical professionals involved in the treatment of the woman, according to police. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The irate mob smashed the hospital door as well.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Spokesperson for the District Police Office, Kaski, Shrawan Kumar BK said that the hospital administration and the relatives of the victims were holding talks to reach an agreement by the time this news report was prepared.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The hospital management has assures that it would soon provide factual data about the incident. -- RSS </span></span></span></p>

<p>&nbsp;</p>
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			'article_date' => '2023-09-26 11:11:52',
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	(int) 12 => array(
		'Article' => array(
			'id' => '19092',
			'article_category_id' => '1',
			'title' => 'Nepal Insurance Company Limited Marks its 76th Anniversary',
			'sub_title' => '',
			'summary' => 'Nepal Insurance Company Limited has felicitated 17 employees who have served for more than two decades on the occasion of its 76th anniversary.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 26: Nepal Insurance Company Limited has felicitated 17 employees who have served for more than two decades on the occasion of its 76th anniversary.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company awarded medals and certificates to seven employees who have completed 25 years of service and appreciation letters to ten employees who have completed 20 years of service during the annual celebration at its central office in Kathmandu.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The annual celebration, presided over by the Chairman of the Board of Directors, Lakshman Poudel, was held on Monday. In the program, Deputy Chief Executive Officer Ishwor Pokharel had delivered a welcome speech.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Currently, the company has been delivering its services through 59 offices and three third-party insurance service centers from across the country. </span></span></p>
',
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			'created' => '2023-09-26',
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			'sortorder' => '18820',
			'image' => '20230926061336_collage (5).jpg',
			'article_date' => '2023-09-26 06:12:21',
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		'Article' => array(
			'id' => '19091',
			'article_category_id' => '1',
			'title' => 'Climbers Trickle in Mt Dhaulagiri Base Camp for Autumn Expedition',
			'sub_title' => '',
			'summary' => 'Climbers are arriving at the base camp of Mt. Dhaulagiri in Myagdi district for their autumn expedition. Aspiring climbers are joined by support Sherpa groups who are helping transport the necessary equipment and gear for the climb.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 26: Climbers are arriving at the base camp of Mt. Dhaulagiri in Myagdi district for their autumn expedition. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Aspiring climbers are joined by support Sherpa groups who are helping transport the necessary equipment and gear for the climb.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Indra Sherchan, a local tourism entrepreneur who assists climbers at the base camp, the initial group of climbers was airlifted to the base camp, while mules and donkeys have been used to transport expedition supplies and daily consumables.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">More climbers are en route to the base camp, and as of now, a total of 10 climbers from a single group have obtained permits to ascend the 8,167-meter mountain in the upcoming winter season. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Department of Tourism reported that they have collected over Rs 1.1 million in revenue from five male and five female climbers who aspire to conquer Mt. Dhaulagiri this autumn.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This year, a total of 339 climbers from 47 countries have been granted permits to climb 10 different mountains this autumn, resulting in the State earning over Rs 30 million in revenue, according to the Department. (RSS) </span></span></p>
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			'title' => 'Swimming Ace Qin makes Asian Games History as China Leads Tally',
			'sub_title' => '',
			'summary' => 'September 25: Swimming sensation Qin Haiyang added another title to his name to inflate China's already bulging gold-medal haul at the Asian Games on Monday.',
			'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">September 25: Swimming sensation Qin Haiyang added another title to his name to inflate China&#39;s already bulging gold-medal haul at the Asian Games on Monday.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">According to AFP, the hosts enjoyed success in rowing, shooting, taekwondo, wushu and mountain biking to top the medals table in&nbsp;Hangzhou&nbsp;with 39 golds towards the end of the second full day of action.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">South Korea and Japan are their closest competitors with a distant 10 and five golds respectively.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">Chinese swimmers romped to all seven titles on the opening day of swimming on Sunday in an ominous display ahead of next summer&#39;s Paris Olympics, but they did not have it all their own way a day later, the French news agency reported.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">South Korea&#39;s Ji Yu-chan set a new Asian Games record in the men&#39;s 50m freestyle of 21.72secs in a shock win ahead of Hong Kong&#39;s Ian Ho (21.87) and teenage Chinese star Pan Zhanle (21.92).</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">According to AFP, Olympic silver medallist Siobhan Haughey clinched Hong Kong&#39;s first Asian Games swimming gold ever with an emphatic victory in the 200m freestyle in a sizzling 1min 54.12sec, another Games record.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">South Korea took gold ahead of the hosts in the men&#39;s 4x200m freestyle relay in another surprise.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">The other four races all went the way of China&#39;s swimmers, with the hulking 24-year-old Qin adding Games 100m breaststroke gold to his recent world title.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">Qin, also the 50m and 200m world champion, romped home in a new Games-record time of 57.76secs, a gaping 1.33sec ahead of teammate Yan Zibei.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">World records fell in shooting with India and China both displaying pinpoint precision, added AFP.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">The Indian trio of Divyansh Panwar, Rudrankksh Patil and Aishwary Tomar blew away the field with a new world best to win the men&#39;s 10m air rifle team event.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">It was India&#39;s first gold of these Games and they doubled it in the afternoon when they defeated Sri Lanka in the women&#39;s cricket final by 19 runs on their Games cricket debut.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">&quot;It&#39;s a gold medal for the whole of India,&quot; said batter Richa Ghosh.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">AFP reported that North Korea, competing in their first major international sporting event since the pandemic, added silvers in men&#39;s team shooting and women&#39;s judo to their lone bronze.</span></span></span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '19104',
			'article_category_id' => '1',
			'title' => 'SEBON Tightens the Noose on IPO Issuance of Hydropower Companies',
			'sub_title' => '',
			'summary' => 'September 27: The Securities Board of Nepal (SEBON) is preparing to implement new regulations regarding the share issuance and trading of hydropower companies. ',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 27: The Securities Board of Nepal (SEBON) is preparing to implement new regulations regarding the share issuance and trading of hydropower companies. After a discussion between SEBON and the officials of Independent Power Producers Association, Nepal (IPPAN), a new arrangement has been decided regarding the securities of hydropower sector companies, SEBON sources informed New Business Age.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the information provided by SEBON spokesperson Mukti Shrestha, a new system is going to be implemented regarding the transactions after the lock-in period of the initial public offering (IPO), rights shares and promoter shares of the hydropower company. According to him, the new system will not apply to companies that are currently in the process of IPO and rights share issuance.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Shrestha said that SEBON is going to add some new provisions to make the securities transactions of hydropower companies transparent due to complaints from the general investors regarding the trading of the promoter shares of the listed hydropower company.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">After the lock-in period, the hydropower companies can issue promoter shares only after starting commercial production of electricity, as per the new regulations.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">SEBON said that the hydropower companies must mandatorily publish the information related to the opening of the lock-in period of promoter as well as general shareholders in a national daily newspaper and the company&rsquo;s website and also provided the information to the SEBON and the stock market.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The company can start the share trading only after 15 business days after publishing the notice.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Recently, the number of companies issuing rights shares has increased as the Electricity Regulatory Commission, the regulator of hydropower companies, has allowed the issuance of rights shares to pay the loans taken by hydropower companies for the construction of the projects. Most of them are preparing to issue rights shares for loan repayment purposes.</span></span></span></span></p>

<p>&nbsp;</p>
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			'title' => 'Finance Minister Mahat Requests AIIB for Subsidized Financial Assistance   ',
			'sub_title' => '',
			'summary' => 'September 26: Minister for Finance Dr Prakash Sharan Mahat has urged for concessional financial aid for the development of least developed countries like Nepal.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 26: Minister for Finance Dr Prakash Sharan Mahat has urged for concessional financial aid for the development of least developed countries like Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Minister Mahat made the appeal during the 8th annual meeting of the Asian Infrastructure Investment Bank (AIIB) held in Sharm El-Sheikh, Egypt.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the state-owned RSS, he further called on all member states to accept Nepal&#39;s proposal for placing a separate mechanism in providing subsidized financial aid to the least developed countries.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">On the occasion, Finance Minister Mahat said some of the major challenges that have emerged worldwide include global economic instability, accelerated journey towards Green House Gas emissions, lackluster economic development of low and middle income countries and difficulty in access to financial resources for poverty alleviation to maintain quality life of citizens, RSS further reported.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The role of multilateral development banks, including AIIB is crucial to avert such crises, he added.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Finance Minister Dr Mahat said the low income countries also needed support for economic recovery and development, employment generation, green infrastructure development, expansion of access to financial instruments, technical and institutional capacity development, climate change-induced disaster management and other social safety nets.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Finance Minister Mahat argued that the existing financial assistance mechanism and instruments are not adequate in the context when huge financial resource needed particularly for the least developed and developing countries.&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to RSS, he also urged the AIIB to utilize innovative and creative finances, including public private partnership, green investment and combined finance to avoid the shortage of financial instruments in the countries having weak economy.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The finance minister stressed on the need for the enhancement of climate finance and related facilities for Nepal and other countries that have been facing negative effects of climate change despite negligible role in carbon emission.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The minister also drew the attention of all participants towards reviewing and determining appropriate carbon trade.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal, a founding member of the AIIB established on the initiative of China, is yet to get any concessional loans from Asian Infrastructure Investment Bank (AIIB).</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In every annual meeting of AIIB, the finance ministry of Nepal submits proposals for concessional loans from the multilateral donor organisation but the AIIB turns down the proposals every time.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As many as 86 countries attended the high-level AIIB meeting that concluded on Tuesday. Finance Minister Dr Mahat is returning home today.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p>&nbsp;</p>
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			'id' => '19102',
			'article_category_id' => '1',
			'title' => 'World Tourism Day being Observed Today   ',
			'sub_title' => '',
			'summary' => 'September 27: The 44th World Tourism Day is being observed in Nepal by organizing various programmes today.   ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 27: The 44th World Tourism Day is being observed in Nepal by organizing various programmes today.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">On the occasion, the Ministry of Culture, Tourism and Civil Aviation, Nepal Tourism Board, Department of Tourism and leading organizations of tourism sector are celebrating the day with several activities.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The ministry said that the World Tourism Day is being observed in Nepal with the slogan &#39;Tourism and Green Investment&#39;.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In order to mark the day in a grand manner, the government has formed the 44th World Tourism Day Main Function Committee under the chairmanship of Minister for Tourism Sudan Kiranti.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the Ministry Spokesperson Rajendra Kumar KC, the Tourism Minister welcomed foreign tourists who arrived at the Tribhuvan International Airport through the first flight at 6.00 am this morning.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, a morning procession was held from Patan Dhoka, Lalitpur to Mangalbazaar at 7.30 am today. A formal programme is being organized in Patan Durbar area on the occasion jointly by the Ministry of Tourism and Lalitpur Metropolis. Organizations earning higher foreign currency and individuals and institutions making contributions to the tourism sector will be honoured today.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The World Tourism Day is being marked on September 27 every year with the slogan &#39;Promoting Accessible Tourism for All&#39;. -- RSS&nbsp; </span></span></span></p>
',
			'published' => true,
			'created' => '2023-09-27',
			'modified' => '2023-09-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '18830',
			'image' => '20230927105651_20180723035031_mangal bazar tourist.jpg',
			'article_date' => '2023-09-27 10:56:11',
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	(int) 3 => array(
		'Article' => array(
			'id' => '19101',
			'article_category_id' => '1',
			'title' => 'Festivals-centered Fair Price Shops to Run from October 8',
			'sub_title' => '',
			'summary' => 'The government has decided to launch the fair-price shops in view of the upcoming festivals from October 8 to November 19.  According to Spokesperson for the Ministry of Industry and Supplies, Gajendra Kumar Thakur, fair-price shops are aimed to serve the interests of consumers during the festive season.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 27: The government has decided to launch the fair-price shops in view of the upcoming festivals from October 8 to November 19.&nbsp;&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Spokesperson for the Ministry of Industry and Supplies, Gajendra Kumar Thakur, fair-price shops are aimed to serve the interests of consumers during the festive season. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The outlets are expected to control unwanted price rise, maintain market quality and ensure the smooth supplies of food at reasonable rates during festivals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government each year operates the fair price shops to prevent the monopoly of private sector in the market during festivals. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Food Management and Trade Company Limited (FMTCL) and Salt Trading Corporation under the Ministry of Industry, Commerce and Supplies and Dairy Development Corporation under the Ministry of Agriculture and Livestock Development will collaborate to operate these shops. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Different varieties of rice, pulses, wheat flour, edible oil and beaten rice will be available in such outlets at relatively lower prices than in the regular market.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, discount of Rs 10 has been offered in per kg beans and other grains produced in Karnali and live goats, and mountain goats.&nbsp; </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has allocated Rs 23.22 million for Food Management and Trade Company to run fair price shops this year.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, the government has allocated Rs 10 million to provide discount on food stuffs to be sold through Salt Trading Corporation. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Salt Trading Corporation will sell sugar at Rs 97 per kg while it will provide Rs 2 discount on per kg salt and Rs 7 in per kg beaten rice.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Dairy Development Corporation will provide Rs 20 discount on per kg ghee and Rs 20 on per 200 gram paneer and Rs 50 on per 500 gram paneer. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Stalls will be put in 35 places including eight selling centre and three mobile shops of Food Management and Trade Company and Salt Trading Corporation located in Kathmandu Valley.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides this, the FMTCL will run fair-price shops in Morang, Jhapa, Taplejung, Sankhuwasabha, Solukhumbu, Diktel, Bhojpur, Okhaldhunga, Khotang, Siraha, Janakpur, Parsa, Kathmandu, Lalitpur, Bhaktapur, Kaski, Tanahun, Gorkha, Manang, Mustang, Rupandehi, Banke, Dang, Bardiya, Rukum East and Rukum West.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, FMTCL will have concessional stocks at 48 places of 42 districts, including Rolpa, Surkhet, Gulmi, Dailekh, Dolpa, Kalikot, Humla, Jajarkot, Jumla, Mugu, Kailali, Dadeldhura, Bajura, Bajhang, Achham, Darchula and Mahendranagar. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Such fair-price shops can also be operated in additional districts and places as per the need, the Ministry stated. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fixed discount can be accessed through free online home delivery, mobile service, cooperatives and dealers. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A monitoring committee has also been formed to check whether the operated fair-price shops are effective or not. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Ministry, market monitoring would be further intensified throughout the festival period. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the case of Kathmandu Valley, the Ministry will form the team and carry out monitoring throughout the period the fair-price shops are operated. The corporations concerned shall also do the same. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Department of Commerce, Supplies Management and Consumer Protection will also form additional team other than the regular monitoring and intensify the monitoring. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In case of other districts, the monitoring teams shall be constituted under the convenorship of the Chief District Officer or the Assistant Chief District Officer for carrying out a thorough monitoring, according to the Ministry. (RSS) </span></span></p>
',
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			'created' => '2023-09-27',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '18829',
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	(int) 4 => array(
		'Article' => array(
			'id' => '19100',
			'article_category_id' => '1',
			'title' => 'Haughey Fires Paris Olympic Warning as China Tops Medal Tally',
			'sub_title' => '',
			'summary' => 'September 26: Hong Kong swimmer Siobhan Haughey issued another warning for next year's Paris Olympics as hosts China won the first eSports gold medal in the 72-year history of the Asian Games on Tuesday.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">September 26: Hong Kong swimmer Siobhan Haughey issued another warning for next year&#39;s Paris Olympics as hosts China won the first eSports gold medal in the 72-year history of the Asian Games on Tuesday.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to AFP, audiences of overwhelmingly young spectators packed out the 4,500-capacity Hangzhou Esports Center in the hope of catching one of their heroes, especially South Korea&#39;s Lee &quot;Faker&quot; Sang-hyeok.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Medals are up for grabs in seven gaming titles, with China grabbing the first gold when they defeated Malaysia in the final of smartphone game Arena of Valor. Malaysia took home silver and Thailand bronze.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to the French news agency, China&#39;s place in the Games record books helped the home nation increase their overall tally of golds to 53 at the end of three days of action.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">They are way ahead of South Korea (14 golds), Japan (eight) and Uzbekistan and Hong Kong (both five).</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Haughey fires warning</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">With the 2024 Paris Olympics just 10 months away, Haughey won her second gold of the Games in another impressive performance in the pool which will make her rivals sit up and take notice.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">She shattered her own Asian record to add the Games 100m freestyle title to her Olympic and world silver medals, added AFP.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The 25-year-old produced an exceptional swim on Monday to crush the pack by nearly two seconds and take out the 200m crown, smashing an Asian Games record that had stood since 2010.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">She was fired up again over the shorter distance in blasting a 52.17sec to send a warning to Australian freestylers Mollie O&#39;Callaghan and Emma McKeon.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Haughey previously set an Asian record of 52.27 when she came second to McKeon at the Tokyo Olympics. Only world champion O&#39;Callaghan has gone faster in 2023.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to AFP, China again bossed the Hangzhou pool, taking four of the six golds on the night. The other went to Tomoru Honda, who stunned exhausted Japanese team-mate Daiya Seto in the 400m medley.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">China rack up more golds</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On another day of dominance, China&#39;s all-powerful table tennis squad swept past rivals Japan 3-0 in the women&#39;s team final. They also claimed men&#39;s team gold over South Korea by the same scoreline.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In artistic gymnastics, Zhang Boheng won gold in the men&#39;s all-around final.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">But China were dethroned by Japan in the men&#39;s team sprint at the Chun&#39;an Jieshou Sports Centre Velodrome on the first day of action on the cycling track.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">China&#39;s women made no mistake in their team sprint final, beating South Korea to the title.</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2023-09-26',
			'modified' => '2023-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '18828',
			'image' => '20230926093931_976372-01-02.jpg',
			'article_date' => '2023-09-26 21:38:55',
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	(int) 5 => array(
		'Article' => array(
			'id' => '19099',
			'article_category_id' => '1',
			'title' => 'Sanitary Pad Industry Shutting Down',
			'sub_title' => '',
			'summary' => 'September 26: The export of sanitary pads from Nepal has increased by 582 percent.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 26: The export of sanitary pads from Nepal has increased by 582 percent. Despite this encouraging trend, businessmen say that the industries that produce sanitary pads are shutting down in the country one after another. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the Nepal Sanitary Pad Manufacturers Association, 42 percent of the pad manufacturing companies operating in Nepal have shut their factories.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the data of the Department of Customs, Nepal exported 22.24 million sanitary pads worth Rs 56.88 million in just two months of the current fiscal year. In the same period last year, Nepal exported 2.78 million sanitary pads worth Rs 8.4 million.</span> </span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Sanitary pads are exported from Nepal to the United States of America and India. According to the Department of Customs, pads were exported mostly to India in the current year. In the last two months, 22 million pads worth Rs 56.87 million were exported to India alone. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Dolraj Adhikari, president of the Nepal Sanitary Pad Manufacturers Association, says that despite the increase in exports, pad industries are shutting down. According to him, out of 35 industries operating in Nepal, about 15 have been closed.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;The pad industry is in trouble now mainly due to the economic recession and also because it does not fall in the priority list of the government. Therefore, to encourage the pad industry and to be completely self-sufficient in pads, it is necessary to change the difference between the customs duty on the import of ready-made goods and raw materials to of 10 percent, which is 2 percent at present.&rdquo;</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Meanwhile, in the two months of this year, Nepal imported 29.1 million sanitary pads worth Rs 186.8 million from abroad, according to the data of the Department of Customs. Last year, during the same period, 31.7 million sanitary pads worth Rs 245.2 million were imported.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Compared to last year, the import of sanitary pads decreased this year. Nepal imports pads from Australia, Bangladesh, China, India, Korea, Taiwan, the United Arab Emirates, the United Kingdom, the United States of America and other countries.</span></span></span></p>

<p>&nbsp;</p>
',
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			'created' => '2023-09-26',
			'modified' => '2023-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '18827',
			'image' => '20230926042050_1695714812.jpeg',
			'article_date' => '2023-09-26 16:20:14',
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	(int) 6 => array(
		'Article' => array(
			'id' => '19097',
			'article_category_id' => '1',
			'title' => 'Nepal, China Issue Joint Statement Promising Cooperation in Railway, Connectivity and More',
			'sub_title' => '',
			'summary' => 'September 26: Nepal and China have issued a joint statement during the ongoing visit of Prime Minister Pushpa Kamal Dahal to China.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">September 26: Nepal and China have issued a joint statement during the ongoing visit of Prime Minister Pushpa Kamal Dahal to China. The joint statement issued on Tuesday states that the Chinese side is ready to help Nepal train railway professionals.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The two sides expressed satisfaction over the progress of the feasibility study of the Jilong/Keyrung-Kathmandu Cross-Border Railway, and planned to hold the 8th Working Meeting on China-Nepal Railway Cooperation as early as possible.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Acknowledging the signing of the MoU between the Government of Nepal and the Government of the People&rsquo;s Republic of China on bilateral cooperation under the framework of the Belt and Road Initiative on 12 May 2017, both the countries expressed their commitment to accelerate the consultations to finalize the text on the BRI Implementation Plan at an early date. They expressed readiness to exchange experiences on their development strategies, deepen practical cooperation in such fields as infrastructure connectivity, trade, tourism, production capacity and investment, and further deepen and solidify Belt and Road cooperation to deliver greater benefits to their peoples.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Likewise, the Chinese side also expressed its commitment to extend its support to improve the facilities on the Nepali side of the Lizi-Nechung port at the earliest possible date. The Chinese side agreed to work for the early reopening of eligible traditional China-Nepal border trade points. The two sides also agreed to maintain communication for the opening of Chentang-Kimathanka, Riwu-Olangchungola ports at an early date.&nbsp;&nbsp;</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Considering the needs of Nepal, China has agreed to carry out the fourth phase of the Araniko highway maintenance project and to quickly carry out the Syafrubesi-Rasuwagadhi highway maintenance work, mentions the joint statement.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Similarly, China has agreed to speed up the feasibility study of the Tokha-Chhare tunnel project and the second phase of the Kathmandu Ring Road project.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In order to transform Nepal from a landlocked country to a land-linked country, both sides have agreed to continue the implementation of the documents signed in the past regarding China&#39;s transportation and highway use.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal and China welcomed the consensus reached between the civil aviation authorities of the two countries on expanding the air rights arrangements, and expressed satisfaction over the completion and operation of the Pokhara International Airport. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;The two sides support and encourage their airlines to resume and open more flights and air routes, including ones connecting Pokhara, in accordance with bilateral air rights arrangements and in light of market needs, so as to facilitate trade and economic interactions and people-to-people exchanges,&rdquo; reads the statement.&nbsp; </span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2023-09-26',
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			'keywords' => '',
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			'sortorder' => '18826',
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	(int) 7 => array(
		'Article' => array(
			'id' => '19098',
			'article_category_id' => '1',
			'title' => 'Government Waives Fee for Company Registration and Capital Increment',
			'sub_title' => '',
			'summary' => 'September 26: The government has waived the fee for company registration and capital increment effective from Monday.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 26: The government has waived the fee for company registration and capital increment effective from Monday. This new provision has come into effect after the government published a notice in this regard in the Nepal Gazette.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The government made such arrangements in line with the announcement made in the budget for the current fiscal year to make company registration free of cost.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The notice published in the Nepal Gazette by the Ministry of Industry, Commerce and Supplies mentions that the fees that were previously charged during company registration and capital increment have been waived.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&quot;No fee will be charged while registering a private limited company and a public limited company or for increasing the capital of a registered company according to section </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">5</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> of the Companies Act </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">2063</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">,&quot; reads the notice.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Similarly, arrangements have been made to waive the fee for registration of foreign companies provided that they do not register branch offices and contact office and pledge not to distribute profits.</span></span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2023-09-26',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '18825',
			'image' => '20230926040950_20230720113533_company registration.jpg',
			'article_date' => '2023-09-26 16:09:22',
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	(int) 8 => array(
		'Article' => array(
			'id' => '19096',
			'article_category_id' => '1',
			'title' => 'Private Sector not Ready to Accept Government’s Claim that Economic Indicators have Improved',
			'sub_title' => 'Industrialists Running Industry not to Make Profit, but to Reduce Losses',
			'summary' => 'September 26: Although the festive season is just around the corner, there is no excitement in the market.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 26: Although the festive season is just around the corner, there is no excitement in the market. The market is still struggling due to the slowdown caused by Covid-19 pandemic. On top of that, the import control policy adopted by the government and the current capital loan guidelines implemented by the central bank have further weakened the market.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">As the foreign exchange reserves began to decrease, the panicked government adopted a policy of tightening imports. However, this policy could not work effectively. Except for few items that were restricted, all others were easily available in the market through illegal channels, resulting in skyrocketing of prices. As the revenue loss from unauthorized imports increased, the government lifted the ban on imports.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Even this step could not bring the market back to the rhythm. Entrepreneurs say that now the production of industries has fallen to less than a quarter of their full capacity. While the government is claiming that the economic indicators have improved, the private sector is not ready to accept this.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The private sector believes that the market is going into recession. Hari Gautam, senior vice president of Birgunj Industry and Commerce says, &ldquo;There are no signs of improvement in the market. Positive statistics alone is not enough. The market should feel the impact accordingly.&rdquo;&nbsp;</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Currently, the consumption of construction materials, clothes and daily consumables has decreased. Businessmen say that the halt in works of the construction industry has had a ripple effect in demand and production.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Industrialists say that the demand for the products of large industries like cement and iron has decreased heavily.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><strong><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Consumption of medicine also decreased</span></strong></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to Prabhat Rungta, treasurer of Nepal Pharmaceutical Producers Association, the consumption of even essential medicines has decreased. Businessmen say that the demand for medicines has decreased due to the increase in health awareness since the onset of the Covid-19 pandemic and cheap medicines available in the market and health insurance schemes.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Rungta said that since the government has been supplying medicines provided under health insurance through global tenders, domestic manufacturers have not been able to compete in the market. Producers estimate that the consumption of domestically-produced medicines has decreased by 25 to 30 percent.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">How to solve?</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The lack of investable funds (liquidity) seen in the banking system is one of the main reasons for the contraction in business of the private sector. Due to the high interest rate, the construction works have stopped and there is lack of new investment. Businessmen say that the overall demand has decreased due to its cyclical effect.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Subodh Kumar Gupta, chairman of the Trade Committee under FNCCI, suggests that the government should increase its public spending capacity to make the market vibrant. Gupta says, &ldquo;If the government fails to cut unnecessary expenses and increase capital expenditure, there may be a serious economic crisis. The government has not been serious about it yet,&rdquo;</span> said Gupta.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The business community believes that if investment is increased in the market to create demand, the economy will return to normalcy. Ashok Kumar Temani, president of Madhesh Province chapter of FNCCI, says that the provision of current capital loan guidelines should be suspended for now and the market should be made operational.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Businessmen say that a long-term solution to the lack of liquidity should be sought. Senior Vice President Gautam says, &ldquo;There should be a clear policy arrangement to keep the interest rate under control.&rdquo;</span></span></span></p>

<p>&nbsp;</p>
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	(int) 9 => array(
		'Article' => array(
			'id' => '19095',
			'article_category_id' => '1',
			'title' => 'Indra Jatra Begins Today with the Setting up of Wooden Pole',
			'sub_title' => '',
			'summary' => 'September 25: Indra Jatra, the festival of rain and good harvest, began Tuesday in Bhaktapur district.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 25: Indra Jatra, the festival of rain and good harvest, began Tuesday in Bhaktapur district.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The eight-day festival, having religious and cultural significance, is observed with much fanfare especially among the Newar communities in the Kathmandu Valley. It is also marked in districts such as Kavrepalanchowk and Dolakha.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The Indra Jatra, the main day of the festival, falls on the Bhadra Shukla Chathurdashi, the fourth day of the waxing moon in the month of Bhadra as per the lunar calendar. September 28 is the main day of the festival this year.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">It begins from Bhadra Shukla Dwadashi and on that day a towering wooden pole (lingo) signifying the Lord of Rain-Indra- is installed in every town of Bhaktapur city.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the tradition, erecting a lingo (a wooden pole) began at 10:37 am on Tuesday.&nbsp; &nbsp;&nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As part of the festival, the wooden pole is brought from Bhaktapur to Kathmandu and installed on the chariot at Hanumandhoka in Basatapur Durbar Square.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A number of ceremonies are organized during the eight-day festival including Lakhe naach and Pulu Kisi procession. The chariot procession, a major part of the festival, involves pulling of a big chariot of the living Goddess Kumari and two smaller chariots of Lord Ganesh and Lord Bhairab along the thoroughfares of the city. It will take place on September 27.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As per the tradition, the Head of State visits and worships the living Goddess Kumari, Ganesh and Bhairav during the festival.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Cultural expert and historian Prof Dr Purusottam Lochan Shrestha shared that although the Indra Jatra has been celebrated since Dwapar era (during the time of Mahabharata), King Jagat Prakash Malla of Bhaktapur in the 17th century collected Vedic scriptures and other holy texts such as the Puranas and imitated scenes based on the stories narrated in those scriptures and brought the culture and tradition of festivities. Historian Shrestha added that the festival is celebrated with the aim of maintain peace and order, fostering prosperity and to ward off natural calamities.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He shared that the locals believe that observing the festival will also prevent famine, epidemic, excessive rains and eradicate enmity among people.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Meanwhile, the Kathmandu Metropolitan City (KMC), with the aim of promoting the dignity of Indra Jatra at the international level, has invited guests from various municipalities of foreign countries with which it has established sister relations.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The KMC shared in a press meet on Monday that as many as 22 guests from the USA and China will visit Nepal to partake in the celebration of Indra Jatra.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The festival will come to an end on October 2. -- RSS</span></span></span></p>
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			'sortorder' => '18823',
			'image' => '20230926112431_20220909091416_20180920035728_indra jatra.jpg',
			'article_date' => '2023-09-26 11:23:57',
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	(int) 10 => array(
		'Article' => array(
			'id' => '19093',
			'article_category_id' => '1',
			'title' => 'China Leads 19th Asian Games, Nepal Nil',
			'sub_title' => '',
			'summary' => 'September 26: Players from different countries have secured a total of 228 medals so far in the ongoing 19th Asian Games in Hangzhou, China.',
			'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 26: Players from different countries have secured a total of 228 medals so far in the ongoing 19th Asian Games in Hangzhou, China. But, Nepal is still unable to secure any medal till now.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Among 45 countries participating in the Games, players from 25 countries have bagged medals. </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As of Monday, China bagged 39 gold medals, 21 silver and nine bronze medals to top the medals tally. Similarly, South Korea is a distant second with 10 gold and silver medals each and 13 bronze medals, followed by Japan in the third position with five gold, 14 silver and 14 bronze medals, while Uzbekistan is trailing in the fourth position with four gold, six silver and bronze medals each.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<strong><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal&#39;s performance off the mark&nbsp;&nbsp;&nbsp;&nbsp; </span></strong><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal&#39;s performance in the ongoing Asian Games is off the mark. The players have disappointed the sports revelers. All Nepali players were defeated in tennis on Monday. Nepal lost in all four competitions. Pradip Khadka who won the first round match under men&rsquo;s singles category lost to a Japanese player in straight sets in the second round.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, Abhisek Bastola under men&rsquo;s singles category was defeated by a Hong Kong player. The group of Avilasha Bista and Mahima Rana lost to South Korean team in women&rsquo;s doubles. In the mixed doubles, Abhisek Bastola and Avilasha Bista lost to an Indonesian team.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal also lost in fencing, rugby, cycling, basketball, taekwondo, judo, and swimming.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Meanwhile, Rabin Thapa who defeated an Indonesian player in 51-kg category in boxing 4-1 is playing with Korean players in the pre-quarter final. -- RSS </span></span></span></p>
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			'sortorder' => '18822',
			'image' => '20230926105642_XxjpseE009233_20230925_PEPFN1A001 - Copy.JPG',
			'article_date' => '2023-09-26 10:56:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '19094',
			'article_category_id' => '1',
			'title' => 'Tensions Run High in Manipal Hospital after Patient Dies   ',
			'sub_title' => '',
			'summary' => 'September 26: Pokhara-based Manipal Teaching Hospital remained tense on Monday after a 57-year-old patient died in course of treatment at the hospital.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 26: Pokhara-based Manipal Teaching Hospital remained tense on Monday after a 57-year-old patient died in course of treatment at the hospital.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Sukamaya Dura of Lamjung was brought to the hospital on Monday morning after she complained of breathing complications. The relatives of the woman have accused the doctors for negligence in the treatment, leading to her &#39;unexpected&#39; death. They also accused the hospital of not providing the updates of the patient to them on time.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A significant number of security forces has been presently mobilized at the hospital, considering a potential threat to medical professionals involved in the treatment of the woman, according to police. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The irate mob smashed the hospital door as well.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Spokesperson for the District Police Office, Kaski, Shrawan Kumar BK said that the hospital administration and the relatives of the victims were holding talks to reach an agreement by the time this news report was prepared.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The hospital management has assures that it would soon provide factual data about the incident. -- RSS </span></span></span></p>

<p>&nbsp;</p>
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			'created' => '2023-09-26',
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			'sortorder' => '18821',
			'image' => '20230926111227_manipal.jpg',
			'article_date' => '2023-09-26 11:11:52',
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	(int) 12 => array(
		'Article' => array(
			'id' => '19092',
			'article_category_id' => '1',
			'title' => 'Nepal Insurance Company Limited Marks its 76th Anniversary',
			'sub_title' => '',
			'summary' => 'Nepal Insurance Company Limited has felicitated 17 employees who have served for more than two decades on the occasion of its 76th anniversary.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 26: Nepal Insurance Company Limited has felicitated 17 employees who have served for more than two decades on the occasion of its 76th anniversary.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company awarded medals and certificates to seven employees who have completed 25 years of service and appreciation letters to ten employees who have completed 20 years of service during the annual celebration at its central office in Kathmandu.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The annual celebration, presided over by the Chairman of the Board of Directors, Lakshman Poudel, was held on Monday. In the program, Deputy Chief Executive Officer Ishwor Pokharel had delivered a welcome speech.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Currently, the company has been delivering its services through 59 offices and three third-party insurance service centers from across the country. </span></span></p>
',
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			'sortorder' => '18820',
			'image' => '20230926061336_collage (5).jpg',
			'article_date' => '2023-09-26 06:12:21',
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	(int) 13 => array(
		'Article' => array(
			'id' => '19091',
			'article_category_id' => '1',
			'title' => 'Climbers Trickle in Mt Dhaulagiri Base Camp for Autumn Expedition',
			'sub_title' => '',
			'summary' => 'Climbers are arriving at the base camp of Mt. Dhaulagiri in Myagdi district for their autumn expedition. Aspiring climbers are joined by support Sherpa groups who are helping transport the necessary equipment and gear for the climb.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 26: Climbers are arriving at the base camp of Mt. Dhaulagiri in Myagdi district for their autumn expedition. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Aspiring climbers are joined by support Sherpa groups who are helping transport the necessary equipment and gear for the climb.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Indra Sherchan, a local tourism entrepreneur who assists climbers at the base camp, the initial group of climbers was airlifted to the base camp, while mules and donkeys have been used to transport expedition supplies and daily consumables.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">More climbers are en route to the base camp, and as of now, a total of 10 climbers from a single group have obtained permits to ascend the 8,167-meter mountain in the upcoming winter season. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Department of Tourism reported that they have collected over Rs 1.1 million in revenue from five male and five female climbers who aspire to conquer Mt. Dhaulagiri this autumn.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This year, a total of 339 climbers from 47 countries have been granted permits to climb 10 different mountains this autumn, resulting in the State earning over Rs 30 million in revenue, according to the Department. (RSS) </span></span></p>
',
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			'created' => '2023-09-26',
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			'sortorder' => '18819',
			'image' => '20230926055715_collage (2).jpg',
			'article_date' => '2023-09-26 05:55:35',
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	(int) 14 => array(
		'Article' => array(
			'id' => '19090',
			'article_category_id' => '1',
			'title' => 'Swimming Ace Qin makes Asian Games History as China Leads Tally',
			'sub_title' => '',
			'summary' => 'September 25: Swimming sensation Qin Haiyang added another title to his name to inflate China's already bulging gold-medal haul at the Asian Games on Monday.',
			'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">September 25: Swimming sensation Qin Haiyang added another title to his name to inflate China&#39;s already bulging gold-medal haul at the Asian Games on Monday.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">According to AFP, the hosts enjoyed success in rowing, shooting, taekwondo, wushu and mountain biking to top the medals table in&nbsp;Hangzhou&nbsp;with 39 golds towards the end of the second full day of action.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">South Korea and Japan are their closest competitors with a distant 10 and five golds respectively.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">Chinese swimmers romped to all seven titles on the opening day of swimming on Sunday in an ominous display ahead of next summer&#39;s Paris Olympics, but they did not have it all their own way a day later, the French news agency reported.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">South Korea&#39;s Ji Yu-chan set a new Asian Games record in the men&#39;s 50m freestyle of 21.72secs in a shock win ahead of Hong Kong&#39;s Ian Ho (21.87) and teenage Chinese star Pan Zhanle (21.92).</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">According to AFP, Olympic silver medallist Siobhan Haughey clinched Hong Kong&#39;s first Asian Games swimming gold ever with an emphatic victory in the 200m freestyle in a sizzling 1min 54.12sec, another Games record.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">South Korea took gold ahead of the hosts in the men&#39;s 4x200m freestyle relay in another surprise.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">The other four races all went the way of China&#39;s swimmers, with the hulking 24-year-old Qin adding Games 100m breaststroke gold to his recent world title.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">Qin, also the 50m and 200m world champion, romped home in a new Games-record time of 57.76secs, a gaping 1.33sec ahead of teammate Yan Zibei.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">World records fell in shooting with India and China both displaying pinpoint precision, added AFP.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">The Indian trio of Divyansh Panwar, Rudrankksh Patil and Aishwary Tomar blew away the field with a new world best to win the men&#39;s 10m air rifle team event.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">It was India&#39;s first gold of these Games and they doubled it in the afternoon when they defeated Sri Lanka in the women&#39;s cricket final by 19 runs on their Games cricket debut.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">&quot;It&#39;s a gold medal for the whole of India,&quot; said batter Richa Ghosh.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">AFP reported that North Korea, competing in their first major international sporting event since the pandemic, added silvers in men&#39;s team shooting and women&#39;s judo to their lone bronze.</span></span></span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '19104',
			'article_category_id' => '1',
			'title' => 'SEBON Tightens the Noose on IPO Issuance of Hydropower Companies',
			'sub_title' => '',
			'summary' => 'September 27: The Securities Board of Nepal (SEBON) is preparing to implement new regulations regarding the share issuance and trading of hydropower companies. ',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 27: The Securities Board of Nepal (SEBON) is preparing to implement new regulations regarding the share issuance and trading of hydropower companies. After a discussion between SEBON and the officials of Independent Power Producers Association, Nepal (IPPAN), a new arrangement has been decided regarding the securities of hydropower sector companies, SEBON sources informed New Business Age.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the information provided by SEBON spokesperson Mukti Shrestha, a new system is going to be implemented regarding the transactions after the lock-in period of the initial public offering (IPO), rights shares and promoter shares of the hydropower company. According to him, the new system will not apply to companies that are currently in the process of IPO and rights share issuance.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Shrestha said that SEBON is going to add some new provisions to make the securities transactions of hydropower companies transparent due to complaints from the general investors regarding the trading of the promoter shares of the listed hydropower company.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">After the lock-in period, the hydropower companies can issue promoter shares only after starting commercial production of electricity, as per the new regulations.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">SEBON said that the hydropower companies must mandatorily publish the information related to the opening of the lock-in period of promoter as well as general shareholders in a national daily newspaper and the company&rsquo;s website and also provided the information to the SEBON and the stock market.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The company can start the share trading only after 15 business days after publishing the notice.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Recently, the number of companies issuing rights shares has increased as the Electricity Regulatory Commission, the regulator of hydropower companies, has allowed the issuance of rights shares to pay the loans taken by hydropower companies for the construction of the projects. Most of them are preparing to issue rights shares for loan repayment purposes.</span></span></span></span></p>

<p>&nbsp;</p>
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			'title' => 'Finance Minister Mahat Requests AIIB for Subsidized Financial Assistance   ',
			'sub_title' => '',
			'summary' => 'September 26: Minister for Finance Dr Prakash Sharan Mahat has urged for concessional financial aid for the development of least developed countries like Nepal.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 26: Minister for Finance Dr Prakash Sharan Mahat has urged for concessional financial aid for the development of least developed countries like Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Minister Mahat made the appeal during the 8th annual meeting of the Asian Infrastructure Investment Bank (AIIB) held in Sharm El-Sheikh, Egypt.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the state-owned RSS, he further called on all member states to accept Nepal&#39;s proposal for placing a separate mechanism in providing subsidized financial aid to the least developed countries.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">On the occasion, Finance Minister Mahat said some of the major challenges that have emerged worldwide include global economic instability, accelerated journey towards Green House Gas emissions, lackluster economic development of low and middle income countries and difficulty in access to financial resources for poverty alleviation to maintain quality life of citizens, RSS further reported.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The role of multilateral development banks, including AIIB is crucial to avert such crises, he added.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Finance Minister Dr Mahat said the low income countries also needed support for economic recovery and development, employment generation, green infrastructure development, expansion of access to financial instruments, technical and institutional capacity development, climate change-induced disaster management and other social safety nets.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Finance Minister Mahat argued that the existing financial assistance mechanism and instruments are not adequate in the context when huge financial resource needed particularly for the least developed and developing countries.&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to RSS, he also urged the AIIB to utilize innovative and creative finances, including public private partnership, green investment and combined finance to avoid the shortage of financial instruments in the countries having weak economy.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The finance minister stressed on the need for the enhancement of climate finance and related facilities for Nepal and other countries that have been facing negative effects of climate change despite negligible role in carbon emission.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The minister also drew the attention of all participants towards reviewing and determining appropriate carbon trade.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal, a founding member of the AIIB established on the initiative of China, is yet to get any concessional loans from Asian Infrastructure Investment Bank (AIIB).</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In every annual meeting of AIIB, the finance ministry of Nepal submits proposals for concessional loans from the multilateral donor organisation but the AIIB turns down the proposals every time.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As many as 86 countries attended the high-level AIIB meeting that concluded on Tuesday. Finance Minister Dr Mahat is returning home today.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '19102',
			'article_category_id' => '1',
			'title' => 'World Tourism Day being Observed Today   ',
			'sub_title' => '',
			'summary' => 'September 27: The 44th World Tourism Day is being observed in Nepal by organizing various programmes today.   ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 27: The 44th World Tourism Day is being observed in Nepal by organizing various programmes today.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">On the occasion, the Ministry of Culture, Tourism and Civil Aviation, Nepal Tourism Board, Department of Tourism and leading organizations of tourism sector are celebrating the day with several activities.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The ministry said that the World Tourism Day is being observed in Nepal with the slogan &#39;Tourism and Green Investment&#39;.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In order to mark the day in a grand manner, the government has formed the 44th World Tourism Day Main Function Committee under the chairmanship of Minister for Tourism Sudan Kiranti.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the Ministry Spokesperson Rajendra Kumar KC, the Tourism Minister welcomed foreign tourists who arrived at the Tribhuvan International Airport through the first flight at 6.00 am this morning.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, a morning procession was held from Patan Dhoka, Lalitpur to Mangalbazaar at 7.30 am today. A formal programme is being organized in Patan Durbar area on the occasion jointly by the Ministry of Tourism and Lalitpur Metropolis. Organizations earning higher foreign currency and individuals and institutions making contributions to the tourism sector will be honoured today.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The World Tourism Day is being marked on September 27 every year with the slogan &#39;Promoting Accessible Tourism for All&#39;. -- RSS&nbsp; </span></span></span></p>
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			'title' => 'Festivals-centered Fair Price Shops to Run from October 8',
			'sub_title' => '',
			'summary' => 'The government has decided to launch the fair-price shops in view of the upcoming festivals from October 8 to November 19.  According to Spokesperson for the Ministry of Industry and Supplies, Gajendra Kumar Thakur, fair-price shops are aimed to serve the interests of consumers during the festive season.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 27: The government has decided to launch the fair-price shops in view of the upcoming festivals from October 8 to November 19.&nbsp;&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Spokesperson for the Ministry of Industry and Supplies, Gajendra Kumar Thakur, fair-price shops are aimed to serve the interests of consumers during the festive season. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The outlets are expected to control unwanted price rise, maintain market quality and ensure the smooth supplies of food at reasonable rates during festivals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government each year operates the fair price shops to prevent the monopoly of private sector in the market during festivals. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Food Management and Trade Company Limited (FMTCL) and Salt Trading Corporation under the Ministry of Industry, Commerce and Supplies and Dairy Development Corporation under the Ministry of Agriculture and Livestock Development will collaborate to operate these shops. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Different varieties of rice, pulses, wheat flour, edible oil and beaten rice will be available in such outlets at relatively lower prices than in the regular market.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, discount of Rs 10 has been offered in per kg beans and other grains produced in Karnali and live goats, and mountain goats.&nbsp; </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has allocated Rs 23.22 million for Food Management and Trade Company to run fair price shops this year.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, the government has allocated Rs 10 million to provide discount on food stuffs to be sold through Salt Trading Corporation. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Salt Trading Corporation will sell sugar at Rs 97 per kg while it will provide Rs 2 discount on per kg salt and Rs 7 in per kg beaten rice.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Dairy Development Corporation will provide Rs 20 discount on per kg ghee and Rs 20 on per 200 gram paneer and Rs 50 on per 500 gram paneer. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Stalls will be put in 35 places including eight selling centre and three mobile shops of Food Management and Trade Company and Salt Trading Corporation located in Kathmandu Valley.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides this, the FMTCL will run fair-price shops in Morang, Jhapa, Taplejung, Sankhuwasabha, Solukhumbu, Diktel, Bhojpur, Okhaldhunga, Khotang, Siraha, Janakpur, Parsa, Kathmandu, Lalitpur, Bhaktapur, Kaski, Tanahun, Gorkha, Manang, Mustang, Rupandehi, Banke, Dang, Bardiya, Rukum East and Rukum West.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, FMTCL will have concessional stocks at 48 places of 42 districts, including Rolpa, Surkhet, Gulmi, Dailekh, Dolpa, Kalikot, Humla, Jajarkot, Jumla, Mugu, Kailali, Dadeldhura, Bajura, Bajhang, Achham, Darchula and Mahendranagar. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Such fair-price shops can also be operated in additional districts and places as per the need, the Ministry stated. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fixed discount can be accessed through free online home delivery, mobile service, cooperatives and dealers. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A monitoring committee has also been formed to check whether the operated fair-price shops are effective or not. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Ministry, market monitoring would be further intensified throughout the festival period. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the case of Kathmandu Valley, the Ministry will form the team and carry out monitoring throughout the period the fair-price shops are operated. The corporations concerned shall also do the same. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Department of Commerce, Supplies Management and Consumer Protection will also form additional team other than the regular monitoring and intensify the monitoring. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In case of other districts, the monitoring teams shall be constituted under the convenorship of the Chief District Officer or the Assistant Chief District Officer for carrying out a thorough monitoring, according to the Ministry. (RSS) </span></span></p>
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			'article_category_id' => '1',
			'title' => 'Haughey Fires Paris Olympic Warning as China Tops Medal Tally',
			'sub_title' => '',
			'summary' => 'September 26: Hong Kong swimmer Siobhan Haughey issued another warning for next year's Paris Olympics as hosts China won the first eSports gold medal in the 72-year history of the Asian Games on Tuesday.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">September 26: Hong Kong swimmer Siobhan Haughey issued another warning for next year&#39;s Paris Olympics as hosts China won the first eSports gold medal in the 72-year history of the Asian Games on Tuesday.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to AFP, audiences of overwhelmingly young spectators packed out the 4,500-capacity Hangzhou Esports Center in the hope of catching one of their heroes, especially South Korea&#39;s Lee &quot;Faker&quot; Sang-hyeok.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Medals are up for grabs in seven gaming titles, with China grabbing the first gold when they defeated Malaysia in the final of smartphone game Arena of Valor. Malaysia took home silver and Thailand bronze.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to the French news agency, China&#39;s place in the Games record books helped the home nation increase their overall tally of golds to 53 at the end of three days of action.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">They are way ahead of South Korea (14 golds), Japan (eight) and Uzbekistan and Hong Kong (both five).</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Haughey fires warning</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">With the 2024 Paris Olympics just 10 months away, Haughey won her second gold of the Games in another impressive performance in the pool which will make her rivals sit up and take notice.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">She shattered her own Asian record to add the Games 100m freestyle title to her Olympic and world silver medals, added AFP.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The 25-year-old produced an exceptional swim on Monday to crush the pack by nearly two seconds and take out the 200m crown, smashing an Asian Games record that had stood since 2010.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">She was fired up again over the shorter distance in blasting a 52.17sec to send a warning to Australian freestylers Mollie O&#39;Callaghan and Emma McKeon.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Haughey previously set an Asian record of 52.27 when she came second to McKeon at the Tokyo Olympics. Only world champion O&#39;Callaghan has gone faster in 2023.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to AFP, China again bossed the Hangzhou pool, taking four of the six golds on the night. The other went to Tomoru Honda, who stunned exhausted Japanese team-mate Daiya Seto in the 400m medley.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">China rack up more golds</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On another day of dominance, China&#39;s all-powerful table tennis squad swept past rivals Japan 3-0 in the women&#39;s team final. They also claimed men&#39;s team gold over South Korea by the same scoreline.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In artistic gymnastics, Zhang Boheng won gold in the men&#39;s all-around final.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">But China were dethroned by Japan in the men&#39;s team sprint at the Chun&#39;an Jieshou Sports Centre Velodrome on the first day of action on the cycling track.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">China&#39;s women made no mistake in their team sprint final, beating South Korea to the title.</span></span></p>

<p>&nbsp;</p>
',
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			'created' => '2023-09-26',
			'modified' => '2023-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '18828',
			'image' => '20230926093931_976372-01-02.jpg',
			'article_date' => '2023-09-26 21:38:55',
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	(int) 5 => array(
		'Article' => array(
			'id' => '19099',
			'article_category_id' => '1',
			'title' => 'Sanitary Pad Industry Shutting Down',
			'sub_title' => '',
			'summary' => 'September 26: The export of sanitary pads from Nepal has increased by 582 percent.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 26: The export of sanitary pads from Nepal has increased by 582 percent. Despite this encouraging trend, businessmen say that the industries that produce sanitary pads are shutting down in the country one after another. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the Nepal Sanitary Pad Manufacturers Association, 42 percent of the pad manufacturing companies operating in Nepal have shut their factories.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the data of the Department of Customs, Nepal exported 22.24 million sanitary pads worth Rs 56.88 million in just two months of the current fiscal year. In the same period last year, Nepal exported 2.78 million sanitary pads worth Rs 8.4 million.</span> </span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Sanitary pads are exported from Nepal to the United States of America and India. According to the Department of Customs, pads were exported mostly to India in the current year. In the last two months, 22 million pads worth Rs 56.87 million were exported to India alone. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Dolraj Adhikari, president of the Nepal Sanitary Pad Manufacturers Association, says that despite the increase in exports, pad industries are shutting down. According to him, out of 35 industries operating in Nepal, about 15 have been closed.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;The pad industry is in trouble now mainly due to the economic recession and also because it does not fall in the priority list of the government. Therefore, to encourage the pad industry and to be completely self-sufficient in pads, it is necessary to change the difference between the customs duty on the import of ready-made goods and raw materials to of 10 percent, which is 2 percent at present.&rdquo;</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Meanwhile, in the two months of this year, Nepal imported 29.1 million sanitary pads worth Rs 186.8 million from abroad, according to the data of the Department of Customs. Last year, during the same period, 31.7 million sanitary pads worth Rs 245.2 million were imported.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Compared to last year, the import of sanitary pads decreased this year. Nepal imports pads from Australia, Bangladesh, China, India, Korea, Taiwan, the United Arab Emirates, the United Kingdom, the United States of America and other countries.</span></span></span></p>

<p>&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '18827',
			'image' => '20230926042050_1695714812.jpeg',
			'article_date' => '2023-09-26 16:20:14',
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	(int) 6 => array(
		'Article' => array(
			'id' => '19097',
			'article_category_id' => '1',
			'title' => 'Nepal, China Issue Joint Statement Promising Cooperation in Railway, Connectivity and More',
			'sub_title' => '',
			'summary' => 'September 26: Nepal and China have issued a joint statement during the ongoing visit of Prime Minister Pushpa Kamal Dahal to China.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">September 26: Nepal and China have issued a joint statement during the ongoing visit of Prime Minister Pushpa Kamal Dahal to China. The joint statement issued on Tuesday states that the Chinese side is ready to help Nepal train railway professionals.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The two sides expressed satisfaction over the progress of the feasibility study of the Jilong/Keyrung-Kathmandu Cross-Border Railway, and planned to hold the 8th Working Meeting on China-Nepal Railway Cooperation as early as possible.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Acknowledging the signing of the MoU between the Government of Nepal and the Government of the People&rsquo;s Republic of China on bilateral cooperation under the framework of the Belt and Road Initiative on 12 May 2017, both the countries expressed their commitment to accelerate the consultations to finalize the text on the BRI Implementation Plan at an early date. They expressed readiness to exchange experiences on their development strategies, deepen practical cooperation in such fields as infrastructure connectivity, trade, tourism, production capacity and investment, and further deepen and solidify Belt and Road cooperation to deliver greater benefits to their peoples.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Likewise, the Chinese side also expressed its commitment to extend its support to improve the facilities on the Nepali side of the Lizi-Nechung port at the earliest possible date. The Chinese side agreed to work for the early reopening of eligible traditional China-Nepal border trade points. The two sides also agreed to maintain communication for the opening of Chentang-Kimathanka, Riwu-Olangchungola ports at an early date.&nbsp;&nbsp;</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Considering the needs of Nepal, China has agreed to carry out the fourth phase of the Araniko highway maintenance project and to quickly carry out the Syafrubesi-Rasuwagadhi highway maintenance work, mentions the joint statement.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Similarly, China has agreed to speed up the feasibility study of the Tokha-Chhare tunnel project and the second phase of the Kathmandu Ring Road project.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In order to transform Nepal from a landlocked country to a land-linked country, both sides have agreed to continue the implementation of the documents signed in the past regarding China&#39;s transportation and highway use.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal and China welcomed the consensus reached between the civil aviation authorities of the two countries on expanding the air rights arrangements, and expressed satisfaction over the completion and operation of the Pokhara International Airport. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;The two sides support and encourage their airlines to resume and open more flights and air routes, including ones connecting Pokhara, in accordance with bilateral air rights arrangements and in light of market needs, so as to facilitate trade and economic interactions and people-to-people exchanges,&rdquo; reads the statement.&nbsp; </span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2023-09-26',
			'modified' => '2023-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '18826',
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			'article_date' => '2023-09-26 15:56:31',
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	(int) 7 => array(
		'Article' => array(
			'id' => '19098',
			'article_category_id' => '1',
			'title' => 'Government Waives Fee for Company Registration and Capital Increment',
			'sub_title' => '',
			'summary' => 'September 26: The government has waived the fee for company registration and capital increment effective from Monday.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 26: The government has waived the fee for company registration and capital increment effective from Monday. This new provision has come into effect after the government published a notice in this regard in the Nepal Gazette.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The government made such arrangements in line with the announcement made in the budget for the current fiscal year to make company registration free of cost.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The notice published in the Nepal Gazette by the Ministry of Industry, Commerce and Supplies mentions that the fees that were previously charged during company registration and capital increment have been waived.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&quot;No fee will be charged while registering a private limited company and a public limited company or for increasing the capital of a registered company according to section </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">5</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> of the Companies Act </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">2063</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">,&quot; reads the notice.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Similarly, arrangements have been made to waive the fee for registration of foreign companies provided that they do not register branch offices and contact office and pledge not to distribute profits.</span></span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '18825',
			'image' => '20230926040950_20230720113533_company registration.jpg',
			'article_date' => '2023-09-26 16:09:22',
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	(int) 8 => array(
		'Article' => array(
			'id' => '19096',
			'article_category_id' => '1',
			'title' => 'Private Sector not Ready to Accept Government’s Claim that Economic Indicators have Improved',
			'sub_title' => 'Industrialists Running Industry not to Make Profit, but to Reduce Losses',
			'summary' => 'September 26: Although the festive season is just around the corner, there is no excitement in the market.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 26: Although the festive season is just around the corner, there is no excitement in the market. The market is still struggling due to the slowdown caused by Covid-19 pandemic. On top of that, the import control policy adopted by the government and the current capital loan guidelines implemented by the central bank have further weakened the market.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">As the foreign exchange reserves began to decrease, the panicked government adopted a policy of tightening imports. However, this policy could not work effectively. Except for few items that were restricted, all others were easily available in the market through illegal channels, resulting in skyrocketing of prices. As the revenue loss from unauthorized imports increased, the government lifted the ban on imports.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Even this step could not bring the market back to the rhythm. Entrepreneurs say that now the production of industries has fallen to less than a quarter of their full capacity. While the government is claiming that the economic indicators have improved, the private sector is not ready to accept this.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The private sector believes that the market is going into recession. Hari Gautam, senior vice president of Birgunj Industry and Commerce says, &ldquo;There are no signs of improvement in the market. Positive statistics alone is not enough. The market should feel the impact accordingly.&rdquo;&nbsp;</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Currently, the consumption of construction materials, clothes and daily consumables has decreased. Businessmen say that the halt in works of the construction industry has had a ripple effect in demand and production.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Industrialists say that the demand for the products of large industries like cement and iron has decreased heavily.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><strong><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Consumption of medicine also decreased</span></strong></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to Prabhat Rungta, treasurer of Nepal Pharmaceutical Producers Association, the consumption of even essential medicines has decreased. Businessmen say that the demand for medicines has decreased due to the increase in health awareness since the onset of the Covid-19 pandemic and cheap medicines available in the market and health insurance schemes.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Rungta said that since the government has been supplying medicines provided under health insurance through global tenders, domestic manufacturers have not been able to compete in the market. Producers estimate that the consumption of domestically-produced medicines has decreased by 25 to 30 percent.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">How to solve?</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The lack of investable funds (liquidity) seen in the banking system is one of the main reasons for the contraction in business of the private sector. Due to the high interest rate, the construction works have stopped and there is lack of new investment. Businessmen say that the overall demand has decreased due to its cyclical effect.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Subodh Kumar Gupta, chairman of the Trade Committee under FNCCI, suggests that the government should increase its public spending capacity to make the market vibrant. Gupta says, &ldquo;If the government fails to cut unnecessary expenses and increase capital expenditure, there may be a serious economic crisis. The government has not been serious about it yet,&rdquo;</span> said Gupta.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The business community believes that if investment is increased in the market to create demand, the economy will return to normalcy. Ashok Kumar Temani, president of Madhesh Province chapter of FNCCI, says that the provision of current capital loan guidelines should be suspended for now and the market should be made operational.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Businessmen say that a long-term solution to the lack of liquidity should be sought. Senior Vice President Gautam says, &ldquo;There should be a clear policy arrangement to keep the interest rate under control.&rdquo;</span></span></span></p>

<p>&nbsp;</p>
',
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	(int) 9 => array(
		'Article' => array(
			'id' => '19095',
			'article_category_id' => '1',
			'title' => 'Indra Jatra Begins Today with the Setting up of Wooden Pole',
			'sub_title' => '',
			'summary' => 'September 25: Indra Jatra, the festival of rain and good harvest, began Tuesday in Bhaktapur district.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 25: Indra Jatra, the festival of rain and good harvest, began Tuesday in Bhaktapur district.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The eight-day festival, having religious and cultural significance, is observed with much fanfare especially among the Newar communities in the Kathmandu Valley. It is also marked in districts such as Kavrepalanchowk and Dolakha.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The Indra Jatra, the main day of the festival, falls on the Bhadra Shukla Chathurdashi, the fourth day of the waxing moon in the month of Bhadra as per the lunar calendar. September 28 is the main day of the festival this year.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">It begins from Bhadra Shukla Dwadashi and on that day a towering wooden pole (lingo) signifying the Lord of Rain-Indra- is installed in every town of Bhaktapur city.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the tradition, erecting a lingo (a wooden pole) began at 10:37 am on Tuesday.&nbsp; &nbsp;&nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As part of the festival, the wooden pole is brought from Bhaktapur to Kathmandu and installed on the chariot at Hanumandhoka in Basatapur Durbar Square.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A number of ceremonies are organized during the eight-day festival including Lakhe naach and Pulu Kisi procession. The chariot procession, a major part of the festival, involves pulling of a big chariot of the living Goddess Kumari and two smaller chariots of Lord Ganesh and Lord Bhairab along the thoroughfares of the city. It will take place on September 27.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As per the tradition, the Head of State visits and worships the living Goddess Kumari, Ganesh and Bhairav during the festival.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Cultural expert and historian Prof Dr Purusottam Lochan Shrestha shared that although the Indra Jatra has been celebrated since Dwapar era (during the time of Mahabharata), King Jagat Prakash Malla of Bhaktapur in the 17th century collected Vedic scriptures and other holy texts such as the Puranas and imitated scenes based on the stories narrated in those scriptures and brought the culture and tradition of festivities. Historian Shrestha added that the festival is celebrated with the aim of maintain peace and order, fostering prosperity and to ward off natural calamities.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He shared that the locals believe that observing the festival will also prevent famine, epidemic, excessive rains and eradicate enmity among people.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Meanwhile, the Kathmandu Metropolitan City (KMC), with the aim of promoting the dignity of Indra Jatra at the international level, has invited guests from various municipalities of foreign countries with which it has established sister relations.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The KMC shared in a press meet on Monday that as many as 22 guests from the USA and China will visit Nepal to partake in the celebration of Indra Jatra.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The festival will come to an end on October 2. -- RSS</span></span></span></p>
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			'sortorder' => '18823',
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	(int) 10 => array(
		'Article' => array(
			'id' => '19093',
			'article_category_id' => '1',
			'title' => 'China Leads 19th Asian Games, Nepal Nil',
			'sub_title' => '',
			'summary' => 'September 26: Players from different countries have secured a total of 228 medals so far in the ongoing 19th Asian Games in Hangzhou, China.',
			'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 26: Players from different countries have secured a total of 228 medals so far in the ongoing 19th Asian Games in Hangzhou, China. But, Nepal is still unable to secure any medal till now.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Among 45 countries participating in the Games, players from 25 countries have bagged medals. </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As of Monday, China bagged 39 gold medals, 21 silver and nine bronze medals to top the medals tally. Similarly, South Korea is a distant second with 10 gold and silver medals each and 13 bronze medals, followed by Japan in the third position with five gold, 14 silver and 14 bronze medals, while Uzbekistan is trailing in the fourth position with four gold, six silver and bronze medals each.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<strong><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal&#39;s performance off the mark&nbsp;&nbsp;&nbsp;&nbsp; </span></strong><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal&#39;s performance in the ongoing Asian Games is off the mark. The players have disappointed the sports revelers. All Nepali players were defeated in tennis on Monday. Nepal lost in all four competitions. Pradip Khadka who won the first round match under men&rsquo;s singles category lost to a Japanese player in straight sets in the second round.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, Abhisek Bastola under men&rsquo;s singles category was defeated by a Hong Kong player. The group of Avilasha Bista and Mahima Rana lost to South Korean team in women&rsquo;s doubles. In the mixed doubles, Abhisek Bastola and Avilasha Bista lost to an Indonesian team.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal also lost in fencing, rugby, cycling, basketball, taekwondo, judo, and swimming.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Meanwhile, Rabin Thapa who defeated an Indonesian player in 51-kg category in boxing 4-1 is playing with Korean players in the pre-quarter final. -- RSS </span></span></span></p>
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			'sortorder' => '18822',
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			'article_date' => '2023-09-26 10:56:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '19094',
			'article_category_id' => '1',
			'title' => 'Tensions Run High in Manipal Hospital after Patient Dies   ',
			'sub_title' => '',
			'summary' => 'September 26: Pokhara-based Manipal Teaching Hospital remained tense on Monday after a 57-year-old patient died in course of treatment at the hospital.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">September 26: Pokhara-based Manipal Teaching Hospital remained tense on Monday after a 57-year-old patient died in course of treatment at the hospital.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Sukamaya Dura of Lamjung was brought to the hospital on Monday morning after she complained of breathing complications. The relatives of the woman have accused the doctors for negligence in the treatment, leading to her &#39;unexpected&#39; death. They also accused the hospital of not providing the updates of the patient to them on time.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A significant number of security forces has been presently mobilized at the hospital, considering a potential threat to medical professionals involved in the treatment of the woman, according to police. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The irate mob smashed the hospital door as well.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Spokesperson for the District Police Office, Kaski, Shrawan Kumar BK said that the hospital administration and the relatives of the victims were holding talks to reach an agreement by the time this news report was prepared.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The hospital management has assures that it would soon provide factual data about the incident. -- RSS </span></span></span></p>

<p>&nbsp;</p>
',
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			'created' => '2023-09-26',
			'modified' => '2023-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '18821',
			'image' => '20230926111227_manipal.jpg',
			'article_date' => '2023-09-26 11:11:52',
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	(int) 12 => array(
		'Article' => array(
			'id' => '19092',
			'article_category_id' => '1',
			'title' => 'Nepal Insurance Company Limited Marks its 76th Anniversary',
			'sub_title' => '',
			'summary' => 'Nepal Insurance Company Limited has felicitated 17 employees who have served for more than two decades on the occasion of its 76th anniversary.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 26: Nepal Insurance Company Limited has felicitated 17 employees who have served for more than two decades on the occasion of its 76th anniversary.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company awarded medals and certificates to seven employees who have completed 25 years of service and appreciation letters to ten employees who have completed 20 years of service during the annual celebration at its central office in Kathmandu.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The annual celebration, presided over by the Chairman of the Board of Directors, Lakshman Poudel, was held on Monday. In the program, Deputy Chief Executive Officer Ishwor Pokharel had delivered a welcome speech.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Currently, the company has been delivering its services through 59 offices and three third-party insurance service centers from across the country. </span></span></p>
',
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			'created' => '2023-09-26',
			'modified' => '2023-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '18820',
			'image' => '20230926061336_collage (5).jpg',
			'article_date' => '2023-09-26 06:12:21',
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	(int) 13 => array(
		'Article' => array(
			'id' => '19091',
			'article_category_id' => '1',
			'title' => 'Climbers Trickle in Mt Dhaulagiri Base Camp for Autumn Expedition',
			'sub_title' => '',
			'summary' => 'Climbers are arriving at the base camp of Mt. Dhaulagiri in Myagdi district for their autumn expedition. Aspiring climbers are joined by support Sherpa groups who are helping transport the necessary equipment and gear for the climb.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 26: Climbers are arriving at the base camp of Mt. Dhaulagiri in Myagdi district for their autumn expedition. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Aspiring climbers are joined by support Sherpa groups who are helping transport the necessary equipment and gear for the climb.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Indra Sherchan, a local tourism entrepreneur who assists climbers at the base camp, the initial group of climbers was airlifted to the base camp, while mules and donkeys have been used to transport expedition supplies and daily consumables.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">More climbers are en route to the base camp, and as of now, a total of 10 climbers from a single group have obtained permits to ascend the 8,167-meter mountain in the upcoming winter season. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Department of Tourism reported that they have collected over Rs 1.1 million in revenue from five male and five female climbers who aspire to conquer Mt. Dhaulagiri this autumn.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This year, a total of 339 climbers from 47 countries have been granted permits to climb 10 different mountains this autumn, resulting in the State earning over Rs 30 million in revenue, according to the Department. (RSS) </span></span></p>
',
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			'created' => '2023-09-26',
			'modified' => '2023-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '18819',
			'image' => '20230926055715_collage (2).jpg',
			'article_date' => '2023-09-26 05:55:35',
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	(int) 14 => array(
		'Article' => array(
			'id' => '19090',
			'article_category_id' => '1',
			'title' => 'Swimming Ace Qin makes Asian Games History as China Leads Tally',
			'sub_title' => '',
			'summary' => 'September 25: Swimming sensation Qin Haiyang added another title to his name to inflate China's already bulging gold-medal haul at the Asian Games on Monday.',
			'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">September 25: Swimming sensation Qin Haiyang added another title to his name to inflate China&#39;s already bulging gold-medal haul at the Asian Games on Monday.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">According to AFP, the hosts enjoyed success in rowing, shooting, taekwondo, wushu and mountain biking to top the medals table in&nbsp;Hangzhou&nbsp;with 39 golds towards the end of the second full day of action.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">South Korea and Japan are their closest competitors with a distant 10 and five golds respectively.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">Chinese swimmers romped to all seven titles on the opening day of swimming on Sunday in an ominous display ahead of next summer&#39;s Paris Olympics, but they did not have it all their own way a day later, the French news agency reported.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">South Korea&#39;s Ji Yu-chan set a new Asian Games record in the men&#39;s 50m freestyle of 21.72secs in a shock win ahead of Hong Kong&#39;s Ian Ho (21.87) and teenage Chinese star Pan Zhanle (21.92).</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">According to AFP, Olympic silver medallist Siobhan Haughey clinched Hong Kong&#39;s first Asian Games swimming gold ever with an emphatic victory in the 200m freestyle in a sizzling 1min 54.12sec, another Games record.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">South Korea took gold ahead of the hosts in the men&#39;s 4x200m freestyle relay in another surprise.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">The other four races all went the way of China&#39;s swimmers, with the hulking 24-year-old Qin adding Games 100m breaststroke gold to his recent world title.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">Qin, also the 50m and 200m world champion, romped home in a new Games-record time of 57.76secs, a gaping 1.33sec ahead of teammate Yan Zibei.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">World records fell in shooting with India and China both displaying pinpoint precision, added AFP.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">The Indian trio of Divyansh Panwar, Rudrankksh Patil and Aishwary Tomar blew away the field with a new world best to win the men&#39;s 10m air rifle team event.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">It was India&#39;s first gold of these Games and they doubled it in the afternoon when they defeated Sri Lanka in the women&#39;s cricket final by 19 runs on their Games cricket debut.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">&quot;It&#39;s a gold medal for the whole of India,&quot; said batter Richa Ghosh.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">AFP reported that North Korea, competing in their first major international sporting event since the pandemic, added silvers in men&#39;s team shooting and women&#39;s judo to their lone bronze.</span></span></span></p>

<p>&nbsp;</p>
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FOREX

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)

Bullion

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

Petroleum

Petrol	1 Liter	106.00
Diesel	1 Liter	95.00
Kerosene	1 Liter	95.00
LP Gas	1 Cylinder	1375.00