September 14: Although the ground reality is different, it seems that the government is happy with the economic indicators.…
September 14: Although the ground reality is different, it seems that the government is happy with the economic indicators.…
September 14 : Ncell, one of the leading private sector telecom companies of Nepal, has extended high speed mobile broadband service to the headquarters of Mugu, Dolpa, Humla and Bajura…
September 14: The Central Investigation Bureau (CIB) of Nepal Police has recommended to the District Attorney’s Office to take action against 50 persons involved in recent gold smuggling…
September 4: NADA Auto Show 2023, which kicked off in Kathmandu on Tuesday, features more than a dozen new cars and…
September: The state-owned Salt Trading Corporation (STC) Limited celebrated its 61st anniversary on…
Prime Minister Pushpa Kamal Dahal stated that the government is committed to economic reforms, highlighting a strong emphasis on boosting production and generating employment…
September 13: The World Trade Organisation (WTO) has warned that the first signs of de-globalisation are appearing although fragmentation of international trade is far from being a…
September 12: Farmers of Rukum West are elated with the prospect of exporting turmeric, which is in high demand in the district.…
September 13: The foundation stone of the Upper Trishuli-1 hydropower project, which is expected to produce 104 megawatts of stable energy throughout the year, was laid on Tuesday.…
September 13: Currently, the axis of monsoon trough is positioned further south than its usual location and the country is experiencing a partial influence of a low pressure system based in Uttar Pradesh of India and its adjacent…
September 13: The controversy over the arrears of electricity tariff of 'dedicated feeder' and 'trunk line', which has been pending for a long time, has become more complicated as the prime minister's verbal instructions have outwitted policy…
September 13: The Central Investigation Bureau (CIB) of Nepal Police has completed its investigation into the case of 61 kilograms of gold smuggled from Hong Kong to Nepal and is due to submit its report to the District Government Attorney…
September 13: The apple farmers of Jumla have exported more than 21,000 metric tonnes of apples so far in this year. …
September 13: The government has declared public holiday on Thursday to mourn the demise of Constituent Assembly Chairperson Subash Chandra Nembang. …
The 15th edition of 'NADA Auto Show 2023' organized by the NADA Automobiles Dealers Association (NADA), has kicked off from Tuesday. Finance Minister Dr Prakash Sharan Mahat inaugurated the exhibition of the automobiles in…
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', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 14: Although the ground reality is different, it seems that the government is happy with the economic indicators. The government has expressed its satisfaction with the current state of the economy stating that there has been a ‘significant improvement' in the economic indicators as mentioned in the progress report of the ministries released on Wednesday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A progress report, comparing the progress of the current fiscal year with the previous two fiscal years, were published during the 'Review of Policies and Programme and Budget Implementation of the Fiscal Year 2080/81' at the Office of the Prime Minister and Council of Ministers.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The progress report indicates that the country’s foreign exchange reserves and remittance inflow have increased, the current account balance is in surplus, and the trade deficit has decreased. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The private sector, on the other hand, is complaining that the production of industries has reduced due to the decline in market demand, and that it is difficult to maintain their business due to the slowdown in economic activities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Even other government data do not indicate an easy situation. Imports and exports have decreased compared to the previous year. Although the budget aims to increase the revenue by more than 48 percent compared to the previous year, the revenue collection as of Wednesday is pathetic. The data of revenue collection is a strong indication that economic activities have not increased.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On the same day that the government released the progress report stating that the indicators of the economy are positive, the state-owned news agency RSS published a news report stating that the industries of Hetauda industrial area are producing only at 40 percent of their capacity. It is mentioned in the news that it was due to the economic recession.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The progress report mentions that although there has been a significant improvement in the implementation of policies and programmes and budget in this fiscal year compared to the previous fiscal year, the government has not made progress as per the target. Even though the government says that there has been a significant improvement in the economic indicators and budget implementation, experts are not ready to accept it.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Former Vice Chairman of the National Planning Commission Dr Pushparaj Kandel says that there has been no improvement in the economy. He says that the government is not able to adopt the right policy and the economy has become stagnant and is falling into recession. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Kandel argued that even after the announcement of the budget, the policy arrangements have not been implemented yet. "Most of the plans and programmes announced in the budget have not been implemented, the government's report has no meaning," he told New Business Age.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On the other hand, Prime Minister Pushpa Kamal Dahal said that the trend of shying away from one’s responsibility has led to poor results. Stating that the employees should be able to take risks according to their mandate, he instructed the employees to work effectively.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the presentation of the progress report during the programme, Prime Minister Dahal said that the attitude of being ready to take risks will give good results. "All of us should think in the direction of bearing responsibility. The tendency to shy away from one’s responsibilities does not give results," he said. "Effective results will come only if all employees are ready to take risks.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The progress report mentions the details of the works done by various ministries of the government in the year 2079/80.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report card includes the list of milestones, completed work, ongoing work and pending work of all the ministries.</span></span></span></span></p> <p> </p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18723', 'image' => '20230914024641_20230115115828_consumer.jpg', 'article_date' => '2023-09-14 14:46:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18993', 'article_category_id' => '1', 'title' => 'Ncell Extends 4G Service in Remote Districts', 'sub_title' => '', 'summary' => 'September 14 : Ncell, one of the leading private sector telecom companies of Nepal, has extended high speed mobile broadband service to the headquarters of Mugu, Dolpa, Humla and Bajura districts.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 14 : Ncell, one of the leading private sector telecom companies of Nepal, has extended high speed mobile broadband service to the headquarters of Mugu, Dolpa, Humla and Bajura districts. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Issuing a recent statement, Ncell Axiata Limited said the company launched </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G service to connect the locals of these places with the opportunities provided by digital technology.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As a part of its service expansion drive, Ncell has installed four </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G Base Transceiver Stations (BTS) – one each in in Thulibheri Municipality (Dolpa), Chayannath Rara Municipality (Mugu), Badimalika Municipality (Bajura) and Simikot Rural Municipality (Humla) – to launch the 4G service.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Chief Executive Officer and Managing Director of Ncell, Jabbor Kayumov informed that all the districts of Karnali and Sudurpaschim provinces have been connected with the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G service now. He expects that this will contribute to the government's vision of Digital Nepal and the creation of a digital inclusive community.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ncell said more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">100 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">of its </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G BTSs are in operation across the country. In the last fiscal year alone, Ncell established </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">338 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">new sites in different parts of the country. Similarly, Ncell said that the company has upgraded the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G capacity in nearly </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">450 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">towers in more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">districts.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18722', 'image' => '20230914020330_20230822025523_1692672227.jpg', 'article_date' => '2023-09-14 14:02:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18992', 'article_category_id' => '1', 'title' => 'CIB Recommends Action against 50 Persons involved in Gold Smuggling Scam', 'sub_title' => '', 'summary' => 'September 14: The Central Investigation Bureau (CIB) of Nepal Police has recommended to the District Attorney’s Office to take action against 50 persons involved in recent gold smuggling scam.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 14: The Central Investigation Bureau (CIB) of Nepal Police has recommended to the District Attorney’s Office to take action against 50 persons involved in recent gold smuggling scam.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The CIB made the recommendation on Wednesday while submitting a report prepared after investigating the 61 kg gold smuggling scam. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> The District Attorney’s Office, Kathmandu has been recommended to initiate cases against the accused under seven different crimes. District Attorney Mahesh Prasad Khatri confirmed that the office received the report along with the recommendation. </span><br /> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CIB has argued in the report that the accused should be prosecuted as per the Customs Act, Organized Crime Act, Nepal Rastra Bank Act, Criminal Code, Nepal Citizenship Act, Passport Act and the Immigration Act.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif""> According to Additional Inspector General of Nepal Police Kiran Bajracharya, chief of the CIB, the investigation found that those involved in the racket had smuggled more than 362 kilograms of gold through seven companies. However, only 61 kgs of gold was collected in the latest incident. The CIB has suggested the District Attorney to sue the smugglers, seeking recovery of Rs 3.50 billion from them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">So far, 23 Nepalis and nine foreigners have been held in connection with the case, while 18 are still absconding. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On July 19, a team of Department of Revenue Investigation (DRI) had confiscated 61 kgs of gold that passed TIA customs clearance from Sinamangal. The gold brought illegally from Hong Kong was found hidden in brake shoes. -- RSS </span><br /> </span></span><br /> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18721', 'image' => '20230914013402_1694594250.jpg', 'article_date' => '2023-09-14 13:33:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18991', 'article_category_id' => '1', 'title' => 'More than a Dozen New Vehicles Launched at NADA Auto Show 2023', 'sub_title' => '', 'summary' => 'September 4: NADA Auto Show 2023, which kicked off in Kathmandu on Tuesday, features more than a dozen new cars and motorcycles.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 4: NADA Auto Show </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, which kicked off in Kathmandu on Tuesday, features more than a dozen new cars and motorcycles.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NADA said that new vehicles of Hyundai, Suzuki, Tata, BVD, MG and other brands have been launched at the fair.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The six-day fair organized by NADA Automobiles Association of Nepal (NADA) and sponsored by Tata Motors Genuine Oil will run till September 17.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This time, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">16</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> brands of four-wheelers, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> brands of two-wheelers, seven brands of light commercial vehicles, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> financial institutions, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> lubricants, tires, batteries, spare parts and garage equipment companies are participating in the auto show. The fair had been postponed for four years due to various reasons.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NADA said that this auto show accounts for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the business that takes place throughout the year. NADA estimates this turnover to be around Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion. Around </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">75,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> spectators are expected to attend the fair. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the organizers, there are </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">120</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> stalls and blocks in the exhibition.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18720', 'image' => '20230914120323_1694652765.2023-09-14 06.37.12.jpg', 'article_date' => '2023-09-14 12:02:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18990', 'article_category_id' => '1', 'title' => 'Salt Trading Corporation Celebrates its 61st Anniversary', 'sub_title' => '', 'summary' => 'September: The state-owned Salt Trading Corporation (STC) Limited celebrated its 61st anniversary on Wednesday.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September: The state-owned Salt Trading Corporation (STC) Limited celebrated its </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">61</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">st anniversary on Wednesday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Speaking at the anniversary programme, Minister for Industry, Commerce and Supplies Ramesh Rijal said that the Salt Trading Corporation has been providing quality consumer goods at affordable prices to the people.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pradiplal Shrestha, chairman of the STC, said that they are facilitating the supply of daily consumables in the market by fully following the policies and instructions of the Government of Nepal. The company officials said that they aim to increase the turnover by expanding the service sector in the future.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Urmila Shrestha, chief executive officer of the STC, laid emphasis on diversification of services to further strengthen the financial condition of the Salt Trading Corporation. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">She said that the chemical fertilizers sold by the government through the Salt Trading Corporation at subsidized rates have directly supported the production of the agricultural sector. "Salt Trading Corporation can work in other areas of production as well," she said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The company has been arranging the supply of iodized salt, sugar, chemical fertilizers, selling these items at discounted prices. The company has been operating gas industry, and is also involved in import as well as production of chemicals and fertilizers. In addition to this, the company officials claimed that the STC is also playing a leading role in corporate social responsibility.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">At the anniversary function, the STC handed over 'child welfare awards' to the organizations that have been actively involved in the protection of children. Likewise, the state-owned company also gave certificates of appreciation to the employees who performed well and scholarships were to the children of the employees who passed the SEE exam with excellent marks.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18719', 'image' => '20230914111924_1694654897.1 salt ppp.jpg', 'article_date' => '2023-09-14 11:18:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18989', 'article_category_id' => '1', 'title' => 'Government Striving for Economic Reforms, says Prime Minister Dahal', 'sub_title' => '', 'summary' => 'Prime Minister Pushpa Kamal Dahal stated that the government is committed to economic reforms, highlighting a strong emphasis on boosting production and generating employment opportunities.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 13: Prime Minister Pushpa Kamal Dahal stated that the government is committed to economic reforms, highlighting a strong emphasis on boosting production and generating employment opportunities. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Speaking at a gathering in the federal capital on Wednesday, PM Dahal emphasized that the budget for fiscal year 2023/2024 prioritizes increasing production and creating jobs.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">PM Dahal encouraged a positive and hopeful outlook among the public, assuring that these reforms would be implemented in the near future.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> He also noted that the government is actively working on improving governance and striving to strike a balance between monetary and fiscal policies.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Finance Minister Dr. Prakash Sharan Mahat, speaking at the event, expressed optimism about the gradual recovery of the country's economy, which had been significantly impacted by the COVID-19 pandemic and global economic challenges.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Mahat suggested that remittances should be directed towards productive sectors to facilitate economic growth.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Chandra Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), emphasized the importance of collaboration between the government and private sectors for the nation's prosperity. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dhakal stressed that building confidence among private sector stakeholders is crucial for achieving this goal. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18718', 'image' => '20230914061151_collage (14).jpg', 'article_date' => '2023-09-14 06:10:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18988', 'article_category_id' => '1', 'title' => 'WTO Warns of 'First Signs' of Trade De-globalisation', 'sub_title' => '', 'summary' => 'September 13: The World Trade Organisation (WTO) has warned that the first signs of de-globalisation are appearing although fragmentation of international trade is far from being a reality.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 13: The World Trade Organisation (WTO) has warned that the first signs of de-globalisation are appearing although fragmentation of international trade is far from being a reality. The WTO on Tuesday expressed concerns regarding the effects of the phenomenon on growth and development.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, the idea of "de-globalisation" has gained traction since the war in Ukraine and pandemic-related lockdowns in China prompted significant disruption to global supply chains.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In its annual report on international trade, economists with the WTO argued in favour of "reglobalisation" as "the first signs of trade fragmentation threaten to slow growth and development," added the French news agency.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">For several decades, the expansion of global trade has surpassed global economic growth, but the trend "kind of stopped around the global financial crisis of 2008-2009, and since then, it's been kind of stagnating", WTO chief economist Ralph Ossa told AFP.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">After this phase of slowing globalisation, the question is "whether we are moving towards a phase of deglobalisation", he said, as the report shows geopolitical tensions are beginning to have an impact on trade flows around the world.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We're quite far away from deglobalising, but at the same time, you start seeing... the first cracks in the system," AFP quoted Ossa as saying. He pointed out trade fragmentation tends to follow geopolitical divisions, particularly since the Russian invasion of Ukraine.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The WTO calculated trade between two geopolitical blocs that were split according to how they vote at the UN General Assembly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It did not identify countries by name but tensions have risen between the West and Russia and China in recent years.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, the report said the flow of goods between the two sides has grown between four and six percent slower than within each bloc.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We're really at a crossroads here," said WTO research economist Victor Stolzenburg, who coordinated the report.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The WTO warned that a division of world trade into two distinct blocs would cost the world an estimated at five percent of real income, with some developing economies facing double-digit losses.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18717', 'image' => '20230913010436_Xo6dyjvdV7WT5GMQgNpjfm.jpg', 'article_date' => '2023-09-13 13:02:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18987', 'article_category_id' => '1', 'title' => 'Rukum Farmers Prepare to Export Turmeric to Germany ', 'sub_title' => '', 'summary' => 'September 12: Farmers of Rukum West are elated with the prospect of exporting turmeric, which is in high demand in the district. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 12: Farmers of Rukum West are elated with the prospect of exporting turmeric, which is in high demand in the district. The locals say that the demand for turmeric has skyrocketed to the point that they will have to rely on neighbouring district to supply turmeric as per the demand</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Triveni Labour Cooperative located at Triveni rural municipality in Rukum West has taken the initiative to export turmeric produced in the district to Germany. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cooperative has already established a processing centre to export turmeric produced in the district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We had sent dried turmeric rhizome slices to Germany for trial. We received the report that the turmeric slice was of good quality. So we are ready for processing turmeric slice for producing turmeric. Export of turmeric will be started from November," shared Chairperson of the cooperative, Sher Bahadur Malla. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Malla mentioned that they have asked the members of the cooperative to cultivate turmeric. He said that 200 members were involved in turmeric farming this season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He stated that the turmeric produced in the rural municipality is not enough to meet the demand. The cooperative has also asked the farmers in other areas of the district in advance to cultivate turmeric. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cooperative said it has established an industry for processing and producing turmeric. Triveni Rural Municipality and Chaurajahari Municipality in the district have been producing good quantity of tumeric. Traders buy turmeric produced by farmers from the district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Karnali Province Government had provided Rs 15 million to the cooperative for managing the physical infrastructure and machine required for the processing centre. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cooperative’s president Malla informed that they invested Rs 48,000 on their part for operating the processing plant. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The farmers are hopeful that they will get a decent price for their produce as the turmeric produced in the district is to be exported. (With inputs from RSS) </span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18716', 'image' => '20230913010150_turmeric-root-and-powder.jpg', 'article_date' => '2023-09-13 13:00:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18984', 'article_category_id' => '1', 'title' => 'Upper Trishuli-1 Hydropower Project to Generate 104 MW of Constant Energy throughout the Year', 'sub_title' => '', 'summary' => 'September 13: The foundation stone of the Upper Trishuli-1 hydropower project, which is expected to produce 104 megawatts of stable energy throughout the year, was laid on Tuesday. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 13: The foundation stone of the Upper Trishuli-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hydropower project, which is expected to produce </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">104</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> megawatts of stable energy throughout the year, was laid on Tuesday. Shakti Bahadur Basnet, Minister for Energy, Water Resources and Irrigation, laid the foundation stone for the construction of the dam including the headworks with a total cost of USD </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">647.3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million at a ceremony held in Kathmandu.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The project developers said that the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">216</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> megawatt plant under construction in Rasuwa will produce electricity at its full capacity during summer. For this project, nine international financial institutions have signed a consortium agreement to invest USD </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">450.32</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million. The remaining amount has been raised through equity. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The project’s dam and other structures are currently under construction at Rasuwa's Amachhodingmo Rural Municipality-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, while the underground power house in being built at Uttargaya Rural Municipality-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The main construction of the project was started in December </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">21</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It is said that the construction of the entire structure, including the underground power house, main tunnel, dam, is being done at a rapid pace. The overall physical progress of the project has reached </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. The promoter plans to start the construction of the dam after the rainy season ends.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">About </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> workers are currently employed in the construction of the project. About half of them are natives of Rasuwa district. It is said that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">700</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> Nepali workers will get daily jobs during the project construction period of five years. Similarly, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">70</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people will get employment during the project operation period of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Korean company Doosan Enerbility is working on the engineering, procurement and construction model for the construction of the project. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">KOIN, which is owned by the South Korean government, and the International Finance Corporation have share investments in the promoter company of the project – Nepal Water and Energy Development Company.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Financial management of the project has been done in such a way that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">70</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the cost of the project will be raised from debt and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent from equity.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The project will generate </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">38.75</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the total annual energy in winter and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">61.25</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the rainy season. The generated energy will be connected to the national transmission system at the Trishuli-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">B substation being constructed by the Nepal Electricity Authority. The company has already signed the power purchase and sale agreement with the authority.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The project is considered vital from the electricity development perspective as it is close to the Kathmandu load center and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">104 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">megawatts of electricity can be obtained even in winter when there is a high demand for electricity. According to the project officials, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">104 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">megawatts of fixed energy will be obtained from this project throughout the year. The project is set to be completed by December </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18715', 'image' => '20230913122231_upper trishuli.jpg', 'article_date' => '2023-09-13 12:21:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18985', 'article_category_id' => '1', 'title' => 'Light to Moderate Rain Likely in Hill Areas Today ', 'sub_title' => '', 'summary' => 'September 13: Currently, the axis of monsoon trough is positioned further south than its usual location and the country is experiencing a partial influence of a low pressure system based in Uttar Pradesh of India and its adjacent areas.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: Currently, the axis of monsoon trough is positioned further south than its usual location and the country is experiencing a partial influence of a low pressure system based in Uttar Pradesh of India and its adjacent areas.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the Meteorological Forecasting Division, the weather across the country is expected to be partly to generally cloudy today with the chances of light to moderate rainfall with thunder and lightning at a few places of the hill regions of the country and at one or two places in the rest of the country.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The division stated that the weather will be partly to generally cloudy throughout the country tonight while light to moderate rain with thunder and lightning is expected to take place at a few places of Koshi, Madesh , Bagmati , Gandaki and Lumbini provinces and at one or two places of rest of the provinces.-- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18714', 'image' => '20230913125526_rain.jpeg', 'article_date' => '2023-09-13 12:54:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18983', 'article_category_id' => '1', 'title' => 'Prime Minister’s Verbal Directive holds Sway over Policy Decisions of NEA', 'sub_title' => '', 'summary' => 'September 13: The controversy over the arrears of electricity tariff of 'dedicated feeder' and 'trunk line', which has been pending for a long time, has become more complicated as the prime minister's verbal instructions have outwitted policy decisions.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 13: The controversy over the arrears of electricity tariff of 'dedicated feeder' and 'trunk line', which has been pending for a long time, has become more complicated as the prime minister's verbal instructions have outwitted policy decisions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Nepal Electricity Authority (NEA) had issued a </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">day notice to industries on September 3 to clear the arrears of electricity taken from the dedicated feeder and trunk line within the prescribed date. The NEA also warned that the line will be disconnected if the dues were not paid. However, the industrialists went to Prime Minister Pushpa Kamal Dahal seeking his intervention. After the meeting with the industrialists, Prime Minister Dahal instructed the authority on Monday not to stop power supply to the industries until this issue is resolved. The PM said that studies are being conducted to resolve the problem of dedicated feeder and trunk line tariffs.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Prime Minister Dahal telephoned the managing director of the NEA, Kulman Ghising, and gave this instruction, but the prime minister's office has not formally written to the NEA in this regard.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">At this point, the authority has come to a conclusion that the prime minister's verbal instructions should be taken into consideration rather than policy decisions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Manoj Silwal, deputy executive director of the NEA, said that it would have been easier to take a decision on this matter if the PM had given a written instruction. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“It is not that we will not implement the verbal instruction of the prime minister, but it has caused us a problem in making a decision. It would have been easier for the authority to make a decision if there had been a written instruction," he told New Business Age.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the NEA, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">67</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> industries have not paid the fee for using electricity through dedicated feeder and trunk line during the time of load shedding. The authority says that after adding interest and penalty to the initial arrears, the outstanding amount has reached Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Ministry of Energy has written a letter to the authority seeking information on the status of action against the industrialists who have not paid their dues.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The NEA is preparing to reply to the ministry stating that the action cannot be proceeded forward due to the instruction of the prime minister.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">day deadline given by the authority to the industries will end next Tuesday. Due to the verbal instructions given by the prime minister, the NEA is having problem in taking a proper decision with just a few days left for the deadline to end.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18713', 'image' => '20230913111412_NEA_20191104081559.jpg', 'article_date' => '2023-09-13 11:13:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18981', 'article_category_id' => '1', 'title' => 'CIB to Submit its Report on Gold Smuggling Case to Government Attorney Today', 'sub_title' => '', 'summary' => 'September 13: The Central Investigation Bureau (CIB) of Nepal Police has completed its investigation into the case of 61 kilograms of gold smuggled from Hong Kong to Nepal and is due to submit its report to the District Government Attorney Office. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The Central Investigation Bureau (CIB) of Nepal Police has completed its investigation into the case of 61 kilograms of gold smuggled from Hong Kong to Nepal and is due to submit its report to the District Government Attorney Office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief of CIB and Additional Inspector General of Police Kiran Bajracharya told RSS that preparations are underway to submit the report on Wednesday since the report writing job is now completed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CIB is preparing to give its recommendations to file charge sheet against the alleged on charges of organized crime, gold smuggling among others. The investigation period for the organized crime is 60 days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The case should be taken to the court as the limitation of 60 days is getting over on September 16. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The District Government Attorney’s Office will then get three days of time to review the report before filing case at the district court. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">So far, 30 people have been arrested in connection with the case while one person is n surveillance out of the police custody citing health issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The arrestees include customs officials, customs agents, gold traders and Indian and Chinese nationals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Department of Revenue Investigation on July 19 had confiscated the smuggled gold weighing 60 kilos and 716 grams from the Sinamangal area in the capital city after it had passed customs clearance from the Tribhuvan International Airport. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The incident had caused widespread protest. The main opposition party, the CPN-UML had blocked the parliament proceedings demanding the formation of a high-level probe committee to investigate the case. The UML lifted the house obstruction after reaching an understanding with the government to form the probe committee after the police completes its investigation. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18712', 'image' => '20230913091924_goldee.jpg', 'article_date' => '2023-09-13 09:18:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18980', 'article_category_id' => '1', 'title' => 'Jumla Exports Over 21,000 Metric Tonnes of Apples ', 'sub_title' => '', 'summary' => 'September 13: The apple farmers of Jumla have exported more than 21,000 metric tonnes of apples so far in this year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The apple farmers of Jumla have exported more than 21,000 metric tonnes of apples so far in this year. Acting chief of the Agriculture Development Office, Jumla, Ganesh Bahadur Adhikari said that the aforementioned quantity of apples were exported from all eight local levels in the district. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Despite locals' attraction towards apple farming in Jumla in the recent years, apple production has decreased 40 per cent this year compared to the previous year. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the office is collecting data of entire apple production from the district. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Complete data of the apple production from the district will be availed after some weeks, Information Officer of Agriculture Development Office Sher Bahadur Bhandari added. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">The district produces different species of apple including Jumli, Italy, Gala, Fuji, Jona Prince and others. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Currently, the traders from the nearby districts are reaching out to the farmers by visiting the apple orchards in Jumla district. The traders have flocked to the Sinja Valley in Jumla to purchase apples. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the local levels in Jumla have issued notice to the farmers asking them to collect apples only after September. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Yubraj Neupane, a local trader, said that the businesspersons have come here from as far as Surkhet, Nepalgunj, Dang, Dhangadhi and Butwal to purchase apples for the upcoming Teej festival. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">In Jumla, around 16,000 households rely on apple farming for the livelihood. Apples are grown in 4,250 hectares of land in the district. -- RSS </span></span></span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => 'Jumla, export, apple, Nepal', 'description' => '', 'sortorder' => '18710', 'image' => '20230913083334_20230912090405_Untitled.jpg', 'article_date' => '2023-09-13 08:33:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18986', 'article_category_id' => '1', 'title' => 'Government Announces Public Holiday on Thursday ', 'sub_title' => '', 'summary' => 'September 13: The government has declared public holiday on Thursday to mourn the demise of Constituent Assembly Chairperson Subash Chandra Nembang. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The government has declared public holiday on Thursday to mourn the demise of Constituent Assembly Chairperson Subash Chandra Nembang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Home Affairs issued a notice on Tuesday, informing that coming Thursday would be a public holiday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CPN UML Vice-Chairperson Nembang who was elected as a member of the House of Representatives from Ilam constituency-2 passed away due to cardiac arrest on Tuesday morning. He was 70. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government decided to give a public holiday to all public offices and Nepal’s diplomatic missions abroad and said that the national flag of Nepal would be flown at half-mast in all the relevant agencies of the government of Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18709', 'image' => '20230913125922_905x525-moha.jpg', 'article_date' => '2023-09-13 12:58:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18978', 'article_category_id' => '1', 'title' => 'NADA Auto Show 2023 Kicks off', 'sub_title' => '', 'summary' => 'The 15th edition of 'NADA Auto Show 2023' organized by the NADA Automobiles Dealers Association (NADA), has kicked off from Tuesday. Finance Minister Dr Prakash Sharan Mahat inaugurated the exhibition of the automobiles in Kathmandu.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 13: The 15<sup>th</sup> edition of 'NADA Auto Show 2023' organized by the NADA Automobiles Dealers Association (NADA), has kicked off from Tuesday. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Finance Minister Dr Prakash Sharan Mahat inaugurated the exhibition of the automobiles in Kathmandu.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Finance Minister Dr. Mahat expressed confidence that with improvements in various sectors of the economy the business of the automobiles would also improve.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The indicators of economy are improving. Foreign exchange reserve has increased. The influx of foreign tourists is on the rise. Thus, problems seen in the auto sector will be resolved, and its business will also grow,” Mahat said. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dr Mahat advised the NADA to be an association of production rather than of dealers. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The government will provide subsidy to those who start assembling. Since assembling of motorbikes has started in Nepal, we also would have to begin the assembling of four-wheelers,” Mahat suggested. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dhruba Thapa, the President of NADA, stated that the event, which spans six days, is expected to generate the business transaction of over Rs 20 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition, which will run for six days in Kathmandu, features a grand display of vehicles, parts, financial services, and other related businesses. According to the organizers, there are around 120 small and big stalls and blocks at the exhibition.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prominent international brands of vehicles, lubricants, tires, and automotive parts, as well as national brands of automotive equipment manufacturers and service providers, have participated in the exhibition.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition features 16 brands of four-wheelers, 22 brands of two-wheelers, seven brands of light commercial vehicles, nine financial institutions, and 30 companies dealing with lubricants, tires, batteries, parts, and garage equipment. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The 'NADA Auto Show 2023' is sponsored by Tata Motors Genuine Oil, and the co-sponsor is Shikhar Insurance Company Limited. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition is being managed by Global Exposition and Management Services. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18707', 'image' => '20230913060414_collage (13).jpg', 'article_date' => '2023-09-13 06:01:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18994', 'article_category_id' => '1', 'title' => 'Government ‘Seemingly’ Happy with Economic Indicators', 'sub_title' => '', 'summary' => 'September 14: Although the ground reality is different, it seems that the government is happy with the economic indicators. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 14: Although the ground reality is different, it seems that the government is happy with the economic indicators. The government has expressed its satisfaction with the current state of the economy stating that there has been a ‘significant improvement' in the economic indicators as mentioned in the progress report of the ministries released on Wednesday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A progress report, comparing the progress of the current fiscal year with the previous two fiscal years, were published during the 'Review of Policies and Programme and Budget Implementation of the Fiscal Year 2080/81' at the Office of the Prime Minister and Council of Ministers.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The progress report indicates that the country’s foreign exchange reserves and remittance inflow have increased, the current account balance is in surplus, and the trade deficit has decreased. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The private sector, on the other hand, is complaining that the production of industries has reduced due to the decline in market demand, and that it is difficult to maintain their business due to the slowdown in economic activities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Even other government data do not indicate an easy situation. Imports and exports have decreased compared to the previous year. Although the budget aims to increase the revenue by more than 48 percent compared to the previous year, the revenue collection as of Wednesday is pathetic. The data of revenue collection is a strong indication that economic activities have not increased.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On the same day that the government released the progress report stating that the indicators of the economy are positive, the state-owned news agency RSS published a news report stating that the industries of Hetauda industrial area are producing only at 40 percent of their capacity. It is mentioned in the news that it was due to the economic recession.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The progress report mentions that although there has been a significant improvement in the implementation of policies and programmes and budget in this fiscal year compared to the previous fiscal year, the government has not made progress as per the target. Even though the government says that there has been a significant improvement in the economic indicators and budget implementation, experts are not ready to accept it.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Former Vice Chairman of the National Planning Commission Dr Pushparaj Kandel says that there has been no improvement in the economy. He says that the government is not able to adopt the right policy and the economy has become stagnant and is falling into recession. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Kandel argued that even after the announcement of the budget, the policy arrangements have not been implemented yet. "Most of the plans and programmes announced in the budget have not been implemented, the government's report has no meaning," he told New Business Age.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On the other hand, Prime Minister Pushpa Kamal Dahal said that the trend of shying away from one’s responsibility has led to poor results. Stating that the employees should be able to take risks according to their mandate, he instructed the employees to work effectively.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the presentation of the progress report during the programme, Prime Minister Dahal said that the attitude of being ready to take risks will give good results. "All of us should think in the direction of bearing responsibility. The tendency to shy away from one’s responsibilities does not give results," he said. "Effective results will come only if all employees are ready to take risks.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The progress report mentions the details of the works done by various ministries of the government in the year 2079/80.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report card includes the list of milestones, completed work, ongoing work and pending work of all the ministries.</span></span></span></span></p> <p> </p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18723', 'image' => '20230914024641_20230115115828_consumer.jpg', 'article_date' => '2023-09-14 14:46:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18993', 'article_category_id' => '1', 'title' => 'Ncell Extends 4G Service in Remote Districts', 'sub_title' => '', 'summary' => 'September 14 : Ncell, one of the leading private sector telecom companies of Nepal, has extended high speed mobile broadband service to the headquarters of Mugu, Dolpa, Humla and Bajura districts.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 14 : Ncell, one of the leading private sector telecom companies of Nepal, has extended high speed mobile broadband service to the headquarters of Mugu, Dolpa, Humla and Bajura districts. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Issuing a recent statement, Ncell Axiata Limited said the company launched </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G service to connect the locals of these places with the opportunities provided by digital technology.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As a part of its service expansion drive, Ncell has installed four </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G Base Transceiver Stations (BTS) – one each in in Thulibheri Municipality (Dolpa), Chayannath Rara Municipality (Mugu), Badimalika Municipality (Bajura) and Simikot Rural Municipality (Humla) – to launch the 4G service.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Chief Executive Officer and Managing Director of Ncell, Jabbor Kayumov informed that all the districts of Karnali and Sudurpaschim provinces have been connected with the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G service now. He expects that this will contribute to the government's vision of Digital Nepal and the creation of a digital inclusive community.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ncell said more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">100 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">of its </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G BTSs are in operation across the country. In the last fiscal year alone, Ncell established </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">338 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">new sites in different parts of the country. Similarly, Ncell said that the company has upgraded the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G capacity in nearly </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">450 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">towers in more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">districts.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18722', 'image' => '20230914020330_20230822025523_1692672227.jpg', 'article_date' => '2023-09-14 14:02:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18992', 'article_category_id' => '1', 'title' => 'CIB Recommends Action against 50 Persons involved in Gold Smuggling Scam', 'sub_title' => '', 'summary' => 'September 14: The Central Investigation Bureau (CIB) of Nepal Police has recommended to the District Attorney’s Office to take action against 50 persons involved in recent gold smuggling scam.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 14: The Central Investigation Bureau (CIB) of Nepal Police has recommended to the District Attorney’s Office to take action against 50 persons involved in recent gold smuggling scam.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The CIB made the recommendation on Wednesday while submitting a report prepared after investigating the 61 kg gold smuggling scam. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> The District Attorney’s Office, Kathmandu has been recommended to initiate cases against the accused under seven different crimes. District Attorney Mahesh Prasad Khatri confirmed that the office received the report along with the recommendation. </span><br /> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CIB has argued in the report that the accused should be prosecuted as per the Customs Act, Organized Crime Act, Nepal Rastra Bank Act, Criminal Code, Nepal Citizenship Act, Passport Act and the Immigration Act.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif""> According to Additional Inspector General of Nepal Police Kiran Bajracharya, chief of the CIB, the investigation found that those involved in the racket had smuggled more than 362 kilograms of gold through seven companies. However, only 61 kgs of gold was collected in the latest incident. The CIB has suggested the District Attorney to sue the smugglers, seeking recovery of Rs 3.50 billion from them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">So far, 23 Nepalis and nine foreigners have been held in connection with the case, while 18 are still absconding. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On July 19, a team of Department of Revenue Investigation (DRI) had confiscated 61 kgs of gold that passed TIA customs clearance from Sinamangal. The gold brought illegally from Hong Kong was found hidden in brake shoes. -- RSS </span><br /> </span></span><br /> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18721', 'image' => '20230914013402_1694594250.jpg', 'article_date' => '2023-09-14 13:33:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18991', 'article_category_id' => '1', 'title' => 'More than a Dozen New Vehicles Launched at NADA Auto Show 2023', 'sub_title' => '', 'summary' => 'September 4: NADA Auto Show 2023, which kicked off in Kathmandu on Tuesday, features more than a dozen new cars and motorcycles.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 4: NADA Auto Show </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, which kicked off in Kathmandu on Tuesday, features more than a dozen new cars and motorcycles.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NADA said that new vehicles of Hyundai, Suzuki, Tata, BVD, MG and other brands have been launched at the fair.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The six-day fair organized by NADA Automobiles Association of Nepal (NADA) and sponsored by Tata Motors Genuine Oil will run till September 17.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This time, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">16</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> brands of four-wheelers, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> brands of two-wheelers, seven brands of light commercial vehicles, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> financial institutions, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> lubricants, tires, batteries, spare parts and garage equipment companies are participating in the auto show. The fair had been postponed for four years due to various reasons.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NADA said that this auto show accounts for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the business that takes place throughout the year. NADA estimates this turnover to be around Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion. Around </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">75,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> spectators are expected to attend the fair. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the organizers, there are </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">120</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> stalls and blocks in the exhibition.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18720', 'image' => '20230914120323_1694652765.2023-09-14 06.37.12.jpg', 'article_date' => '2023-09-14 12:02:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18990', 'article_category_id' => '1', 'title' => 'Salt Trading Corporation Celebrates its 61st Anniversary', 'sub_title' => '', 'summary' => 'September: The state-owned Salt Trading Corporation (STC) Limited celebrated its 61st anniversary on Wednesday.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September: The state-owned Salt Trading Corporation (STC) Limited celebrated its </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">61</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">st anniversary on Wednesday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Speaking at the anniversary programme, Minister for Industry, Commerce and Supplies Ramesh Rijal said that the Salt Trading Corporation has been providing quality consumer goods at affordable prices to the people.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pradiplal Shrestha, chairman of the STC, said that they are facilitating the supply of daily consumables in the market by fully following the policies and instructions of the Government of Nepal. The company officials said that they aim to increase the turnover by expanding the service sector in the future.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Urmila Shrestha, chief executive officer of the STC, laid emphasis on diversification of services to further strengthen the financial condition of the Salt Trading Corporation. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">She said that the chemical fertilizers sold by the government through the Salt Trading Corporation at subsidized rates have directly supported the production of the agricultural sector. "Salt Trading Corporation can work in other areas of production as well," she said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The company has been arranging the supply of iodized salt, sugar, chemical fertilizers, selling these items at discounted prices. The company has been operating gas industry, and is also involved in import as well as production of chemicals and fertilizers. In addition to this, the company officials claimed that the STC is also playing a leading role in corporate social responsibility.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">At the anniversary function, the STC handed over 'child welfare awards' to the organizations that have been actively involved in the protection of children. Likewise, the state-owned company also gave certificates of appreciation to the employees who performed well and scholarships were to the children of the employees who passed the SEE exam with excellent marks.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18719', 'image' => '20230914111924_1694654897.1 salt ppp.jpg', 'article_date' => '2023-09-14 11:18:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18989', 'article_category_id' => '1', 'title' => 'Government Striving for Economic Reforms, says Prime Minister Dahal', 'sub_title' => '', 'summary' => 'Prime Minister Pushpa Kamal Dahal stated that the government is committed to economic reforms, highlighting a strong emphasis on boosting production and generating employment opportunities.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 13: Prime Minister Pushpa Kamal Dahal stated that the government is committed to economic reforms, highlighting a strong emphasis on boosting production and generating employment opportunities. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Speaking at a gathering in the federal capital on Wednesday, PM Dahal emphasized that the budget for fiscal year 2023/2024 prioritizes increasing production and creating jobs.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">PM Dahal encouraged a positive and hopeful outlook among the public, assuring that these reforms would be implemented in the near future.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> He also noted that the government is actively working on improving governance and striving to strike a balance between monetary and fiscal policies.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Finance Minister Dr. Prakash Sharan Mahat, speaking at the event, expressed optimism about the gradual recovery of the country's economy, which had been significantly impacted by the COVID-19 pandemic and global economic challenges.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Mahat suggested that remittances should be directed towards productive sectors to facilitate economic growth.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Chandra Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), emphasized the importance of collaboration between the government and private sectors for the nation's prosperity. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dhakal stressed that building confidence among private sector stakeholders is crucial for achieving this goal. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18718', 'image' => '20230914061151_collage (14).jpg', 'article_date' => '2023-09-14 06:10:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18988', 'article_category_id' => '1', 'title' => 'WTO Warns of 'First Signs' of Trade De-globalisation', 'sub_title' => '', 'summary' => 'September 13: The World Trade Organisation (WTO) has warned that the first signs of de-globalisation are appearing although fragmentation of international trade is far from being a reality.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 13: The World Trade Organisation (WTO) has warned that the first signs of de-globalisation are appearing although fragmentation of international trade is far from being a reality. The WTO on Tuesday expressed concerns regarding the effects of the phenomenon on growth and development.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, the idea of "de-globalisation" has gained traction since the war in Ukraine and pandemic-related lockdowns in China prompted significant disruption to global supply chains.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In its annual report on international trade, economists with the WTO argued in favour of "reglobalisation" as "the first signs of trade fragmentation threaten to slow growth and development," added the French news agency.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">For several decades, the expansion of global trade has surpassed global economic growth, but the trend "kind of stopped around the global financial crisis of 2008-2009, and since then, it's been kind of stagnating", WTO chief economist Ralph Ossa told AFP.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">After this phase of slowing globalisation, the question is "whether we are moving towards a phase of deglobalisation", he said, as the report shows geopolitical tensions are beginning to have an impact on trade flows around the world.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We're quite far away from deglobalising, but at the same time, you start seeing... the first cracks in the system," AFP quoted Ossa as saying. He pointed out trade fragmentation tends to follow geopolitical divisions, particularly since the Russian invasion of Ukraine.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The WTO calculated trade between two geopolitical blocs that were split according to how they vote at the UN General Assembly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It did not identify countries by name but tensions have risen between the West and Russia and China in recent years.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, the report said the flow of goods between the two sides has grown between four and six percent slower than within each bloc.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We're really at a crossroads here," said WTO research economist Victor Stolzenburg, who coordinated the report.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The WTO warned that a division of world trade into two distinct blocs would cost the world an estimated at five percent of real income, with some developing economies facing double-digit losses.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18717', 'image' => '20230913010436_Xo6dyjvdV7WT5GMQgNpjfm.jpg', 'article_date' => '2023-09-13 13:02:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18987', 'article_category_id' => '1', 'title' => 'Rukum Farmers Prepare to Export Turmeric to Germany ', 'sub_title' => '', 'summary' => 'September 12: Farmers of Rukum West are elated with the prospect of exporting turmeric, which is in high demand in the district. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 12: Farmers of Rukum West are elated with the prospect of exporting turmeric, which is in high demand in the district. The locals say that the demand for turmeric has skyrocketed to the point that they will have to rely on neighbouring district to supply turmeric as per the demand</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Triveni Labour Cooperative located at Triveni rural municipality in Rukum West has taken the initiative to export turmeric produced in the district to Germany. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cooperative has already established a processing centre to export turmeric produced in the district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We had sent dried turmeric rhizome slices to Germany for trial. We received the report that the turmeric slice was of good quality. So we are ready for processing turmeric slice for producing turmeric. Export of turmeric will be started from November," shared Chairperson of the cooperative, Sher Bahadur Malla. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Malla mentioned that they have asked the members of the cooperative to cultivate turmeric. He said that 200 members were involved in turmeric farming this season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He stated that the turmeric produced in the rural municipality is not enough to meet the demand. The cooperative has also asked the farmers in other areas of the district in advance to cultivate turmeric. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cooperative said it has established an industry for processing and producing turmeric. Triveni Rural Municipality and Chaurajahari Municipality in the district have been producing good quantity of tumeric. Traders buy turmeric produced by farmers from the district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Karnali Province Government had provided Rs 15 million to the cooperative for managing the physical infrastructure and machine required for the processing centre. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cooperative’s president Malla informed that they invested Rs 48,000 on their part for operating the processing plant. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The farmers are hopeful that they will get a decent price for their produce as the turmeric produced in the district is to be exported. (With inputs from RSS) </span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18716', 'image' => '20230913010150_turmeric-root-and-powder.jpg', 'article_date' => '2023-09-13 13:00:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18984', 'article_category_id' => '1', 'title' => 'Upper Trishuli-1 Hydropower Project to Generate 104 MW of Constant Energy throughout the Year', 'sub_title' => '', 'summary' => 'September 13: The foundation stone of the Upper Trishuli-1 hydropower project, which is expected to produce 104 megawatts of stable energy throughout the year, was laid on Tuesday. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 13: The foundation stone of the Upper Trishuli-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hydropower project, which is expected to produce </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">104</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> megawatts of stable energy throughout the year, was laid on Tuesday. Shakti Bahadur Basnet, Minister for Energy, Water Resources and Irrigation, laid the foundation stone for the construction of the dam including the headworks with a total cost of USD </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">647.3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million at a ceremony held in Kathmandu.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The project developers said that the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">216</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> megawatt plant under construction in Rasuwa will produce electricity at its full capacity during summer. For this project, nine international financial institutions have signed a consortium agreement to invest USD </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">450.32</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million. The remaining amount has been raised through equity. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The project’s dam and other structures are currently under construction at Rasuwa's Amachhodingmo Rural Municipality-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, while the underground power house in being built at Uttargaya Rural Municipality-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The main construction of the project was started in December </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">21</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It is said that the construction of the entire structure, including the underground power house, main tunnel, dam, is being done at a rapid pace. The overall physical progress of the project has reached </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. The promoter plans to start the construction of the dam after the rainy season ends.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">About </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> workers are currently employed in the construction of the project. About half of them are natives of Rasuwa district. It is said that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">700</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> Nepali workers will get daily jobs during the project construction period of five years. Similarly, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">70</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people will get employment during the project operation period of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Korean company Doosan Enerbility is working on the engineering, procurement and construction model for the construction of the project. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">KOIN, which is owned by the South Korean government, and the International Finance Corporation have share investments in the promoter company of the project – Nepal Water and Energy Development Company.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Financial management of the project has been done in such a way that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">70</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the cost of the project will be raised from debt and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent from equity.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The project will generate </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">38.75</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the total annual energy in winter and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">61.25</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the rainy season. The generated energy will be connected to the national transmission system at the Trishuli-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">B substation being constructed by the Nepal Electricity Authority. The company has already signed the power purchase and sale agreement with the authority.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The project is considered vital from the electricity development perspective as it is close to the Kathmandu load center and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">104 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">megawatts of electricity can be obtained even in winter when there is a high demand for electricity. According to the project officials, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">104 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">megawatts of fixed energy will be obtained from this project throughout the year. The project is set to be completed by December </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18715', 'image' => '20230913122231_upper trishuli.jpg', 'article_date' => '2023-09-13 12:21:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18985', 'article_category_id' => '1', 'title' => 'Light to Moderate Rain Likely in Hill Areas Today ', 'sub_title' => '', 'summary' => 'September 13: Currently, the axis of monsoon trough is positioned further south than its usual location and the country is experiencing a partial influence of a low pressure system based in Uttar Pradesh of India and its adjacent areas.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: Currently, the axis of monsoon trough is positioned further south than its usual location and the country is experiencing a partial influence of a low pressure system based in Uttar Pradesh of India and its adjacent areas.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the Meteorological Forecasting Division, the weather across the country is expected to be partly to generally cloudy today with the chances of light to moderate rainfall with thunder and lightning at a few places of the hill regions of the country and at one or two places in the rest of the country.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The division stated that the weather will be partly to generally cloudy throughout the country tonight while light to moderate rain with thunder and lightning is expected to take place at a few places of Koshi, Madesh , Bagmati , Gandaki and Lumbini provinces and at one or two places of rest of the provinces.-- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18714', 'image' => '20230913125526_rain.jpeg', 'article_date' => '2023-09-13 12:54:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18983', 'article_category_id' => '1', 'title' => 'Prime Minister’s Verbal Directive holds Sway over Policy Decisions of NEA', 'sub_title' => '', 'summary' => 'September 13: The controversy over the arrears of electricity tariff of 'dedicated feeder' and 'trunk line', which has been pending for a long time, has become more complicated as the prime minister's verbal instructions have outwitted policy decisions.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 13: The controversy over the arrears of electricity tariff of 'dedicated feeder' and 'trunk line', which has been pending for a long time, has become more complicated as the prime minister's verbal instructions have outwitted policy decisions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Nepal Electricity Authority (NEA) had issued a </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">day notice to industries on September 3 to clear the arrears of electricity taken from the dedicated feeder and trunk line within the prescribed date. The NEA also warned that the line will be disconnected if the dues were not paid. However, the industrialists went to Prime Minister Pushpa Kamal Dahal seeking his intervention. After the meeting with the industrialists, Prime Minister Dahal instructed the authority on Monday not to stop power supply to the industries until this issue is resolved. The PM said that studies are being conducted to resolve the problem of dedicated feeder and trunk line tariffs.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Prime Minister Dahal telephoned the managing director of the NEA, Kulman Ghising, and gave this instruction, but the prime minister's office has not formally written to the NEA in this regard.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">At this point, the authority has come to a conclusion that the prime minister's verbal instructions should be taken into consideration rather than policy decisions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Manoj Silwal, deputy executive director of the NEA, said that it would have been easier to take a decision on this matter if the PM had given a written instruction. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“It is not that we will not implement the verbal instruction of the prime minister, but it has caused us a problem in making a decision. It would have been easier for the authority to make a decision if there had been a written instruction," he told New Business Age.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the NEA, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">67</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> industries have not paid the fee for using electricity through dedicated feeder and trunk line during the time of load shedding. The authority says that after adding interest and penalty to the initial arrears, the outstanding amount has reached Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Ministry of Energy has written a letter to the authority seeking information on the status of action against the industrialists who have not paid their dues.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The NEA is preparing to reply to the ministry stating that the action cannot be proceeded forward due to the instruction of the prime minister.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">day deadline given by the authority to the industries will end next Tuesday. Due to the verbal instructions given by the prime minister, the NEA is having problem in taking a proper decision with just a few days left for the deadline to end.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18713', 'image' => '20230913111412_NEA_20191104081559.jpg', 'article_date' => '2023-09-13 11:13:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18981', 'article_category_id' => '1', 'title' => 'CIB to Submit its Report on Gold Smuggling Case to Government Attorney Today', 'sub_title' => '', 'summary' => 'September 13: The Central Investigation Bureau (CIB) of Nepal Police has completed its investigation into the case of 61 kilograms of gold smuggled from Hong Kong to Nepal and is due to submit its report to the District Government Attorney Office. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The Central Investigation Bureau (CIB) of Nepal Police has completed its investigation into the case of 61 kilograms of gold smuggled from Hong Kong to Nepal and is due to submit its report to the District Government Attorney Office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief of CIB and Additional Inspector General of Police Kiran Bajracharya told RSS that preparations are underway to submit the report on Wednesday since the report writing job is now completed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CIB is preparing to give its recommendations to file charge sheet against the alleged on charges of organized crime, gold smuggling among others. The investigation period for the organized crime is 60 days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The case should be taken to the court as the limitation of 60 days is getting over on September 16. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The District Government Attorney’s Office will then get three days of time to review the report before filing case at the district court. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">So far, 30 people have been arrested in connection with the case while one person is n surveillance out of the police custody citing health issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The arrestees include customs officials, customs agents, gold traders and Indian and Chinese nationals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Department of Revenue Investigation on July 19 had confiscated the smuggled gold weighing 60 kilos and 716 grams from the Sinamangal area in the capital city after it had passed customs clearance from the Tribhuvan International Airport. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The incident had caused widespread protest. The main opposition party, the CPN-UML had blocked the parliament proceedings demanding the formation of a high-level probe committee to investigate the case. The UML lifted the house obstruction after reaching an understanding with the government to form the probe committee after the police completes its investigation. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18712', 'image' => '20230913091924_goldee.jpg', 'article_date' => '2023-09-13 09:18:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18980', 'article_category_id' => '1', 'title' => 'Jumla Exports Over 21,000 Metric Tonnes of Apples ', 'sub_title' => '', 'summary' => 'September 13: The apple farmers of Jumla have exported more than 21,000 metric tonnes of apples so far in this year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The apple farmers of Jumla have exported more than 21,000 metric tonnes of apples so far in this year. Acting chief of the Agriculture Development Office, Jumla, Ganesh Bahadur Adhikari said that the aforementioned quantity of apples were exported from all eight local levels in the district. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Despite locals' attraction towards apple farming in Jumla in the recent years, apple production has decreased 40 per cent this year compared to the previous year. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the office is collecting data of entire apple production from the district. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Complete data of the apple production from the district will be availed after some weeks, Information Officer of Agriculture Development Office Sher Bahadur Bhandari added. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">The district produces different species of apple including Jumli, Italy, Gala, Fuji, Jona Prince and others. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Currently, the traders from the nearby districts are reaching out to the farmers by visiting the apple orchards in Jumla district. The traders have flocked to the Sinja Valley in Jumla to purchase apples. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the local levels in Jumla have issued notice to the farmers asking them to collect apples only after September. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Yubraj Neupane, a local trader, said that the businesspersons have come here from as far as Surkhet, Nepalgunj, Dang, Dhangadhi and Butwal to purchase apples for the upcoming Teej festival. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">In Jumla, around 16,000 households rely on apple farming for the livelihood. Apples are grown in 4,250 hectares of land in the district. -- RSS </span></span></span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => 'Jumla, export, apple, Nepal', 'description' => '', 'sortorder' => '18710', 'image' => '20230913083334_20230912090405_Untitled.jpg', 'article_date' => '2023-09-13 08:33:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18986', 'article_category_id' => '1', 'title' => 'Government Announces Public Holiday on Thursday ', 'sub_title' => '', 'summary' => 'September 13: The government has declared public holiday on Thursday to mourn the demise of Constituent Assembly Chairperson Subash Chandra Nembang. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The government has declared public holiday on Thursday to mourn the demise of Constituent Assembly Chairperson Subash Chandra Nembang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Home Affairs issued a notice on Tuesday, informing that coming Thursday would be a public holiday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CPN UML Vice-Chairperson Nembang who was elected as a member of the House of Representatives from Ilam constituency-2 passed away due to cardiac arrest on Tuesday morning. He was 70. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government decided to give a public holiday to all public offices and Nepal’s diplomatic missions abroad and said that the national flag of Nepal would be flown at half-mast in all the relevant agencies of the government of Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18709', 'image' => '20230913125922_905x525-moha.jpg', 'article_date' => '2023-09-13 12:58:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18978', 'article_category_id' => '1', 'title' => 'NADA Auto Show 2023 Kicks off', 'sub_title' => '', 'summary' => 'The 15th edition of 'NADA Auto Show 2023' organized by the NADA Automobiles Dealers Association (NADA), has kicked off from Tuesday. Finance Minister Dr Prakash Sharan Mahat inaugurated the exhibition of the automobiles in Kathmandu.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 13: The 15<sup>th</sup> edition of 'NADA Auto Show 2023' organized by the NADA Automobiles Dealers Association (NADA), has kicked off from Tuesday. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Finance Minister Dr Prakash Sharan Mahat inaugurated the exhibition of the automobiles in Kathmandu.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Finance Minister Dr. Mahat expressed confidence that with improvements in various sectors of the economy the business of the automobiles would also improve.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The indicators of economy are improving. Foreign exchange reserve has increased. The influx of foreign tourists is on the rise. Thus, problems seen in the auto sector will be resolved, and its business will also grow,” Mahat said. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dr Mahat advised the NADA to be an association of production rather than of dealers. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The government will provide subsidy to those who start assembling. Since assembling of motorbikes has started in Nepal, we also would have to begin the assembling of four-wheelers,” Mahat suggested. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dhruba Thapa, the President of NADA, stated that the event, which spans six days, is expected to generate the business transaction of over Rs 20 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition, which will run for six days in Kathmandu, features a grand display of vehicles, parts, financial services, and other related businesses. According to the organizers, there are around 120 small and big stalls and blocks at the exhibition.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prominent international brands of vehicles, lubricants, tires, and automotive parts, as well as national brands of automotive equipment manufacturers and service providers, have participated in the exhibition.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition features 16 brands of four-wheelers, 22 brands of two-wheelers, seven brands of light commercial vehicles, nine financial institutions, and 30 companies dealing with lubricants, tires, batteries, parts, and garage equipment. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The 'NADA Auto Show 2023' is sponsored by Tata Motors Genuine Oil, and the co-sponsor is Shikhar Insurance Company Limited. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition is being managed by Global Exposition and Management Services. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18707', 'image' => '20230913060414_collage (13).jpg', 'article_date' => '2023-09-13 06:01:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18994', 'article_category_id' => '1', 'title' => 'Government ‘Seemingly’ Happy with Economic Indicators', 'sub_title' => '', 'summary' => 'September 14: Although the ground reality is different, it seems that the government is happy with the economic indicators. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 14: Although the ground reality is different, it seems that the government is happy with the economic indicators. The government has expressed its satisfaction with the current state of the economy stating that there has been a ‘significant improvement' in the economic indicators as mentioned in the progress report of the ministries released on Wednesday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A progress report, comparing the progress of the current fiscal year with the previous two fiscal years, were published during the 'Review of Policies and Programme and Budget Implementation of the Fiscal Year 2080/81' at the Office of the Prime Minister and Council of Ministers.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The progress report indicates that the country’s foreign exchange reserves and remittance inflow have increased, the current account balance is in surplus, and the trade deficit has decreased. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The private sector, on the other hand, is complaining that the production of industries has reduced due to the decline in market demand, and that it is difficult to maintain their business due to the slowdown in economic activities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Even other government data do not indicate an easy situation. Imports and exports have decreased compared to the previous year. Although the budget aims to increase the revenue by more than 48 percent compared to the previous year, the revenue collection as of Wednesday is pathetic. The data of revenue collection is a strong indication that economic activities have not increased.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On the same day that the government released the progress report stating that the indicators of the economy are positive, the state-owned news agency RSS published a news report stating that the industries of Hetauda industrial area are producing only at 40 percent of their capacity. It is mentioned in the news that it was due to the economic recession.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The progress report mentions that although there has been a significant improvement in the implementation of policies and programmes and budget in this fiscal year compared to the previous fiscal year, the government has not made progress as per the target. Even though the government says that there has been a significant improvement in the economic indicators and budget implementation, experts are not ready to accept it.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Former Vice Chairman of the National Planning Commission Dr Pushparaj Kandel says that there has been no improvement in the economy. He says that the government is not able to adopt the right policy and the economy has become stagnant and is falling into recession. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Kandel argued that even after the announcement of the budget, the policy arrangements have not been implemented yet. "Most of the plans and programmes announced in the budget have not been implemented, the government's report has no meaning," he told New Business Age.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On the other hand, Prime Minister Pushpa Kamal Dahal said that the trend of shying away from one’s responsibility has led to poor results. Stating that the employees should be able to take risks according to their mandate, he instructed the employees to work effectively.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the presentation of the progress report during the programme, Prime Minister Dahal said that the attitude of being ready to take risks will give good results. "All of us should think in the direction of bearing responsibility. The tendency to shy away from one’s responsibilities does not give results," he said. "Effective results will come only if all employees are ready to take risks.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The progress report mentions the details of the works done by various ministries of the government in the year 2079/80.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report card includes the list of milestones, completed work, ongoing work and pending work of all the ministries.</span></span></span></span></p> <p> </p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18723', 'image' => '20230914024641_20230115115828_consumer.jpg', 'article_date' => '2023-09-14 14:46:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18993', 'article_category_id' => '1', 'title' => 'Ncell Extends 4G Service in Remote Districts', 'sub_title' => '', 'summary' => 'September 14 : Ncell, one of the leading private sector telecom companies of Nepal, has extended high speed mobile broadband service to the headquarters of Mugu, Dolpa, Humla and Bajura districts.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 14 : Ncell, one of the leading private sector telecom companies of Nepal, has extended high speed mobile broadband service to the headquarters of Mugu, Dolpa, Humla and Bajura districts. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Issuing a recent statement, Ncell Axiata Limited said the company launched </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G service to connect the locals of these places with the opportunities provided by digital technology.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As a part of its service expansion drive, Ncell has installed four </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G Base Transceiver Stations (BTS) – one each in in Thulibheri Municipality (Dolpa), Chayannath Rara Municipality (Mugu), Badimalika Municipality (Bajura) and Simikot Rural Municipality (Humla) – to launch the 4G service.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Chief Executive Officer and Managing Director of Ncell, Jabbor Kayumov informed that all the districts of Karnali and Sudurpaschim provinces have been connected with the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G service now. He expects that this will contribute to the government's vision of Digital Nepal and the creation of a digital inclusive community.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ncell said more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">100 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">of its </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G BTSs are in operation across the country. In the last fiscal year alone, Ncell established </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">338 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">new sites in different parts of the country. Similarly, Ncell said that the company has upgraded the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G capacity in nearly </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">450 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">towers in more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">districts.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18722', 'image' => '20230914020330_20230822025523_1692672227.jpg', 'article_date' => '2023-09-14 14:02:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18992', 'article_category_id' => '1', 'title' => 'CIB Recommends Action against 50 Persons involved in Gold Smuggling Scam', 'sub_title' => '', 'summary' => 'September 14: The Central Investigation Bureau (CIB) of Nepal Police has recommended to the District Attorney’s Office to take action against 50 persons involved in recent gold smuggling scam.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 14: The Central Investigation Bureau (CIB) of Nepal Police has recommended to the District Attorney’s Office to take action against 50 persons involved in recent gold smuggling scam.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The CIB made the recommendation on Wednesday while submitting a report prepared after investigating the 61 kg gold smuggling scam. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> The District Attorney’s Office, Kathmandu has been recommended to initiate cases against the accused under seven different crimes. District Attorney Mahesh Prasad Khatri confirmed that the office received the report along with the recommendation. </span><br /> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CIB has argued in the report that the accused should be prosecuted as per the Customs Act, Organized Crime Act, Nepal Rastra Bank Act, Criminal Code, Nepal Citizenship Act, Passport Act and the Immigration Act.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif""> According to Additional Inspector General of Nepal Police Kiran Bajracharya, chief of the CIB, the investigation found that those involved in the racket had smuggled more than 362 kilograms of gold through seven companies. However, only 61 kgs of gold was collected in the latest incident. The CIB has suggested the District Attorney to sue the smugglers, seeking recovery of Rs 3.50 billion from them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">So far, 23 Nepalis and nine foreigners have been held in connection with the case, while 18 are still absconding. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On July 19, a team of Department of Revenue Investigation (DRI) had confiscated 61 kgs of gold that passed TIA customs clearance from Sinamangal. The gold brought illegally from Hong Kong was found hidden in brake shoes. -- RSS </span><br /> </span></span><br /> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18721', 'image' => '20230914013402_1694594250.jpg', 'article_date' => '2023-09-14 13:33:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18991', 'article_category_id' => '1', 'title' => 'More than a Dozen New Vehicles Launched at NADA Auto Show 2023', 'sub_title' => '', 'summary' => 'September 4: NADA Auto Show 2023, which kicked off in Kathmandu on Tuesday, features more than a dozen new cars and motorcycles.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 4: NADA Auto Show </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, which kicked off in Kathmandu on Tuesday, features more than a dozen new cars and motorcycles.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NADA said that new vehicles of Hyundai, Suzuki, Tata, BVD, MG and other brands have been launched at the fair.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The six-day fair organized by NADA Automobiles Association of Nepal (NADA) and sponsored by Tata Motors Genuine Oil will run till September 17.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This time, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">16</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> brands of four-wheelers, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> brands of two-wheelers, seven brands of light commercial vehicles, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> financial institutions, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> lubricants, tires, batteries, spare parts and garage equipment companies are participating in the auto show. The fair had been postponed for four years due to various reasons.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NADA said that this auto show accounts for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the business that takes place throughout the year. NADA estimates this turnover to be around Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion. Around </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">75,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> spectators are expected to attend the fair. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the organizers, there are </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">120</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> stalls and blocks in the exhibition.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18720', 'image' => '20230914120323_1694652765.2023-09-14 06.37.12.jpg', 'article_date' => '2023-09-14 12:02:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18990', 'article_category_id' => '1', 'title' => 'Salt Trading Corporation Celebrates its 61st Anniversary', 'sub_title' => '', 'summary' => 'September: The state-owned Salt Trading Corporation (STC) Limited celebrated its 61st anniversary on Wednesday.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September: The state-owned Salt Trading Corporation (STC) Limited celebrated its </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">61</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">st anniversary on Wednesday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Speaking at the anniversary programme, Minister for Industry, Commerce and Supplies Ramesh Rijal said that the Salt Trading Corporation has been providing quality consumer goods at affordable prices to the people.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pradiplal Shrestha, chairman of the STC, said that they are facilitating the supply of daily consumables in the market by fully following the policies and instructions of the Government of Nepal. The company officials said that they aim to increase the turnover by expanding the service sector in the future.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Urmila Shrestha, chief executive officer of the STC, laid emphasis on diversification of services to further strengthen the financial condition of the Salt Trading Corporation. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">She said that the chemical fertilizers sold by the government through the Salt Trading Corporation at subsidized rates have directly supported the production of the agricultural sector. "Salt Trading Corporation can work in other areas of production as well," she said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The company has been arranging the supply of iodized salt, sugar, chemical fertilizers, selling these items at discounted prices. The company has been operating gas industry, and is also involved in import as well as production of chemicals and fertilizers. In addition to this, the company officials claimed that the STC is also playing a leading role in corporate social responsibility.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">At the anniversary function, the STC handed over 'child welfare awards' to the organizations that have been actively involved in the protection of children. Likewise, the state-owned company also gave certificates of appreciation to the employees who performed well and scholarships were to the children of the employees who passed the SEE exam with excellent marks.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18719', 'image' => '20230914111924_1694654897.1 salt ppp.jpg', 'article_date' => '2023-09-14 11:18:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18989', 'article_category_id' => '1', 'title' => 'Government Striving for Economic Reforms, says Prime Minister Dahal', 'sub_title' => '', 'summary' => 'Prime Minister Pushpa Kamal Dahal stated that the government is committed to economic reforms, highlighting a strong emphasis on boosting production and generating employment opportunities.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 13: Prime Minister Pushpa Kamal Dahal stated that the government is committed to economic reforms, highlighting a strong emphasis on boosting production and generating employment opportunities. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Speaking at a gathering in the federal capital on Wednesday, PM Dahal emphasized that the budget for fiscal year 2023/2024 prioritizes increasing production and creating jobs.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">PM Dahal encouraged a positive and hopeful outlook among the public, assuring that these reforms would be implemented in the near future.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> He also noted that the government is actively working on improving governance and striving to strike a balance between monetary and fiscal policies.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Finance Minister Dr. Prakash Sharan Mahat, speaking at the event, expressed optimism about the gradual recovery of the country's economy, which had been significantly impacted by the COVID-19 pandemic and global economic challenges.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Mahat suggested that remittances should be directed towards productive sectors to facilitate economic growth.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Chandra Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), emphasized the importance of collaboration between the government and private sectors for the nation's prosperity. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dhakal stressed that building confidence among private sector stakeholders is crucial for achieving this goal. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18718', 'image' => '20230914061151_collage (14).jpg', 'article_date' => '2023-09-14 06:10:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18988', 'article_category_id' => '1', 'title' => 'WTO Warns of 'First Signs' of Trade De-globalisation', 'sub_title' => '', 'summary' => 'September 13: The World Trade Organisation (WTO) has warned that the first signs of de-globalisation are appearing although fragmentation of international trade is far from being a reality.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 13: The World Trade Organisation (WTO) has warned that the first signs of de-globalisation are appearing although fragmentation of international trade is far from being a reality. The WTO on Tuesday expressed concerns regarding the effects of the phenomenon on growth and development.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, the idea of "de-globalisation" has gained traction since the war in Ukraine and pandemic-related lockdowns in China prompted significant disruption to global supply chains.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In its annual report on international trade, economists with the WTO argued in favour of "reglobalisation" as "the first signs of trade fragmentation threaten to slow growth and development," added the French news agency.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">For several decades, the expansion of global trade has surpassed global economic growth, but the trend "kind of stopped around the global financial crisis of 2008-2009, and since then, it's been kind of stagnating", WTO chief economist Ralph Ossa told AFP.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">After this phase of slowing globalisation, the question is "whether we are moving towards a phase of deglobalisation", he said, as the report shows geopolitical tensions are beginning to have an impact on trade flows around the world.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We're quite far away from deglobalising, but at the same time, you start seeing... the first cracks in the system," AFP quoted Ossa as saying. He pointed out trade fragmentation tends to follow geopolitical divisions, particularly since the Russian invasion of Ukraine.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The WTO calculated trade between two geopolitical blocs that were split according to how they vote at the UN General Assembly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It did not identify countries by name but tensions have risen between the West and Russia and China in recent years.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, the report said the flow of goods between the two sides has grown between four and six percent slower than within each bloc.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We're really at a crossroads here," said WTO research economist Victor Stolzenburg, who coordinated the report.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The WTO warned that a division of world trade into two distinct blocs would cost the world an estimated at five percent of real income, with some developing economies facing double-digit losses.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18717', 'image' => '20230913010436_Xo6dyjvdV7WT5GMQgNpjfm.jpg', 'article_date' => '2023-09-13 13:02:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18987', 'article_category_id' => '1', 'title' => 'Rukum Farmers Prepare to Export Turmeric to Germany ', 'sub_title' => '', 'summary' => 'September 12: Farmers of Rukum West are elated with the prospect of exporting turmeric, which is in high demand in the district. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 12: Farmers of Rukum West are elated with the prospect of exporting turmeric, which is in high demand in the district. The locals say that the demand for turmeric has skyrocketed to the point that they will have to rely on neighbouring district to supply turmeric as per the demand</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Triveni Labour Cooperative located at Triveni rural municipality in Rukum West has taken the initiative to export turmeric produced in the district to Germany. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cooperative has already established a processing centre to export turmeric produced in the district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We had sent dried turmeric rhizome slices to Germany for trial. We received the report that the turmeric slice was of good quality. So we are ready for processing turmeric slice for producing turmeric. Export of turmeric will be started from November," shared Chairperson of the cooperative, Sher Bahadur Malla. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Malla mentioned that they have asked the members of the cooperative to cultivate turmeric. He said that 200 members were involved in turmeric farming this season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He stated that the turmeric produced in the rural municipality is not enough to meet the demand. The cooperative has also asked the farmers in other areas of the district in advance to cultivate turmeric. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cooperative said it has established an industry for processing and producing turmeric. Triveni Rural Municipality and Chaurajahari Municipality in the district have been producing good quantity of tumeric. Traders buy turmeric produced by farmers from the district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Karnali Province Government had provided Rs 15 million to the cooperative for managing the physical infrastructure and machine required for the processing centre. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cooperative’s president Malla informed that they invested Rs 48,000 on their part for operating the processing plant. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The farmers are hopeful that they will get a decent price for their produce as the turmeric produced in the district is to be exported. (With inputs from RSS) </span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18716', 'image' => '20230913010150_turmeric-root-and-powder.jpg', 'article_date' => '2023-09-13 13:00:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18984', 'article_category_id' => '1', 'title' => 'Upper Trishuli-1 Hydropower Project to Generate 104 MW of Constant Energy throughout the Year', 'sub_title' => '', 'summary' => 'September 13: The foundation stone of the Upper Trishuli-1 hydropower project, which is expected to produce 104 megawatts of stable energy throughout the year, was laid on Tuesday. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 13: The foundation stone of the Upper Trishuli-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hydropower project, which is expected to produce </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">104</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> megawatts of stable energy throughout the year, was laid on Tuesday. Shakti Bahadur Basnet, Minister for Energy, Water Resources and Irrigation, laid the foundation stone for the construction of the dam including the headworks with a total cost of USD </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">647.3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million at a ceremony held in Kathmandu.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The project developers said that the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">216</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> megawatt plant under construction in Rasuwa will produce electricity at its full capacity during summer. For this project, nine international financial institutions have signed a consortium agreement to invest USD </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">450.32</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million. The remaining amount has been raised through equity. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The project’s dam and other structures are currently under construction at Rasuwa's Amachhodingmo Rural Municipality-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, while the underground power house in being built at Uttargaya Rural Municipality-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The main construction of the project was started in December </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">21</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It is said that the construction of the entire structure, including the underground power house, main tunnel, dam, is being done at a rapid pace. The overall physical progress of the project has reached </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. The promoter plans to start the construction of the dam after the rainy season ends.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">About </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> workers are currently employed in the construction of the project. About half of them are natives of Rasuwa district. It is said that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">700</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> Nepali workers will get daily jobs during the project construction period of five years. Similarly, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">70</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people will get employment during the project operation period of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Korean company Doosan Enerbility is working on the engineering, procurement and construction model for the construction of the project. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">KOIN, which is owned by the South Korean government, and the International Finance Corporation have share investments in the promoter company of the project – Nepal Water and Energy Development Company.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Financial management of the project has been done in such a way that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">70</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the cost of the project will be raised from debt and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent from equity.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The project will generate </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">38.75</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the total annual energy in winter and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">61.25</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the rainy season. The generated energy will be connected to the national transmission system at the Trishuli-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">B substation being constructed by the Nepal Electricity Authority. The company has already signed the power purchase and sale agreement with the authority.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The project is considered vital from the electricity development perspective as it is close to the Kathmandu load center and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">104 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">megawatts of electricity can be obtained even in winter when there is a high demand for electricity. According to the project officials, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">104 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">megawatts of fixed energy will be obtained from this project throughout the year. The project is set to be completed by December </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18715', 'image' => '20230913122231_upper trishuli.jpg', 'article_date' => '2023-09-13 12:21:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18985', 'article_category_id' => '1', 'title' => 'Light to Moderate Rain Likely in Hill Areas Today ', 'sub_title' => '', 'summary' => 'September 13: Currently, the axis of monsoon trough is positioned further south than its usual location and the country is experiencing a partial influence of a low pressure system based in Uttar Pradesh of India and its adjacent areas.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: Currently, the axis of monsoon trough is positioned further south than its usual location and the country is experiencing a partial influence of a low pressure system based in Uttar Pradesh of India and its adjacent areas.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the Meteorological Forecasting Division, the weather across the country is expected to be partly to generally cloudy today with the chances of light to moderate rainfall with thunder and lightning at a few places of the hill regions of the country and at one or two places in the rest of the country.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The division stated that the weather will be partly to generally cloudy throughout the country tonight while light to moderate rain with thunder and lightning is expected to take place at a few places of Koshi, Madesh , Bagmati , Gandaki and Lumbini provinces and at one or two places of rest of the provinces.-- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18714', 'image' => '20230913125526_rain.jpeg', 'article_date' => '2023-09-13 12:54:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18983', 'article_category_id' => '1', 'title' => 'Prime Minister’s Verbal Directive holds Sway over Policy Decisions of NEA', 'sub_title' => '', 'summary' => 'September 13: The controversy over the arrears of electricity tariff of 'dedicated feeder' and 'trunk line', which has been pending for a long time, has become more complicated as the prime minister's verbal instructions have outwitted policy decisions.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 13: The controversy over the arrears of electricity tariff of 'dedicated feeder' and 'trunk line', which has been pending for a long time, has become more complicated as the prime minister's verbal instructions have outwitted policy decisions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Nepal Electricity Authority (NEA) had issued a </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">day notice to industries on September 3 to clear the arrears of electricity taken from the dedicated feeder and trunk line within the prescribed date. The NEA also warned that the line will be disconnected if the dues were not paid. However, the industrialists went to Prime Minister Pushpa Kamal Dahal seeking his intervention. After the meeting with the industrialists, Prime Minister Dahal instructed the authority on Monday not to stop power supply to the industries until this issue is resolved. The PM said that studies are being conducted to resolve the problem of dedicated feeder and trunk line tariffs.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Prime Minister Dahal telephoned the managing director of the NEA, Kulman Ghising, and gave this instruction, but the prime minister's office has not formally written to the NEA in this regard.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">At this point, the authority has come to a conclusion that the prime minister's verbal instructions should be taken into consideration rather than policy decisions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Manoj Silwal, deputy executive director of the NEA, said that it would have been easier to take a decision on this matter if the PM had given a written instruction. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“It is not that we will not implement the verbal instruction of the prime minister, but it has caused us a problem in making a decision. It would have been easier for the authority to make a decision if there had been a written instruction," he told New Business Age.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the NEA, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">67</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> industries have not paid the fee for using electricity through dedicated feeder and trunk line during the time of load shedding. The authority says that after adding interest and penalty to the initial arrears, the outstanding amount has reached Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Ministry of Energy has written a letter to the authority seeking information on the status of action against the industrialists who have not paid their dues.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The NEA is preparing to reply to the ministry stating that the action cannot be proceeded forward due to the instruction of the prime minister.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">day deadline given by the authority to the industries will end next Tuesday. Due to the verbal instructions given by the prime minister, the NEA is having problem in taking a proper decision with just a few days left for the deadline to end.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18713', 'image' => '20230913111412_NEA_20191104081559.jpg', 'article_date' => '2023-09-13 11:13:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18981', 'article_category_id' => '1', 'title' => 'CIB to Submit its Report on Gold Smuggling Case to Government Attorney Today', 'sub_title' => '', 'summary' => 'September 13: The Central Investigation Bureau (CIB) of Nepal Police has completed its investigation into the case of 61 kilograms of gold smuggled from Hong Kong to Nepal and is due to submit its report to the District Government Attorney Office. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The Central Investigation Bureau (CIB) of Nepal Police has completed its investigation into the case of 61 kilograms of gold smuggled from Hong Kong to Nepal and is due to submit its report to the District Government Attorney Office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief of CIB and Additional Inspector General of Police Kiran Bajracharya told RSS that preparations are underway to submit the report on Wednesday since the report writing job is now completed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CIB is preparing to give its recommendations to file charge sheet against the alleged on charges of organized crime, gold smuggling among others. The investigation period for the organized crime is 60 days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The case should be taken to the court as the limitation of 60 days is getting over on September 16. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The District Government Attorney’s Office will then get three days of time to review the report before filing case at the district court. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">So far, 30 people have been arrested in connection with the case while one person is n surveillance out of the police custody citing health issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The arrestees include customs officials, customs agents, gold traders and Indian and Chinese nationals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Department of Revenue Investigation on July 19 had confiscated the smuggled gold weighing 60 kilos and 716 grams from the Sinamangal area in the capital city after it had passed customs clearance from the Tribhuvan International Airport. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The incident had caused widespread protest. The main opposition party, the CPN-UML had blocked the parliament proceedings demanding the formation of a high-level probe committee to investigate the case. The UML lifted the house obstruction after reaching an understanding with the government to form the probe committee after the police completes its investigation. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18712', 'image' => '20230913091924_goldee.jpg', 'article_date' => '2023-09-13 09:18:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18980', 'article_category_id' => '1', 'title' => 'Jumla Exports Over 21,000 Metric Tonnes of Apples ', 'sub_title' => '', 'summary' => 'September 13: The apple farmers of Jumla have exported more than 21,000 metric tonnes of apples so far in this year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The apple farmers of Jumla have exported more than 21,000 metric tonnes of apples so far in this year. Acting chief of the Agriculture Development Office, Jumla, Ganesh Bahadur Adhikari said that the aforementioned quantity of apples were exported from all eight local levels in the district. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Despite locals' attraction towards apple farming in Jumla in the recent years, apple production has decreased 40 per cent this year compared to the previous year. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the office is collecting data of entire apple production from the district. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Complete data of the apple production from the district will be availed after some weeks, Information Officer of Agriculture Development Office Sher Bahadur Bhandari added. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">The district produces different species of apple including Jumli, Italy, Gala, Fuji, Jona Prince and others. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Currently, the traders from the nearby districts are reaching out to the farmers by visiting the apple orchards in Jumla district. The traders have flocked to the Sinja Valley in Jumla to purchase apples. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the local levels in Jumla have issued notice to the farmers asking them to collect apples only after September. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Yubraj Neupane, a local trader, said that the businesspersons have come here from as far as Surkhet, Nepalgunj, Dang, Dhangadhi and Butwal to purchase apples for the upcoming Teej festival. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">In Jumla, around 16,000 households rely on apple farming for the livelihood. Apples are grown in 4,250 hectares of land in the district. -- RSS </span></span></span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => 'Jumla, export, apple, Nepal', 'description' => '', 'sortorder' => '18710', 'image' => '20230913083334_20230912090405_Untitled.jpg', 'article_date' => '2023-09-13 08:33:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18986', 'article_category_id' => '1', 'title' => 'Government Announces Public Holiday on Thursday ', 'sub_title' => '', 'summary' => 'September 13: The government has declared public holiday on Thursday to mourn the demise of Constituent Assembly Chairperson Subash Chandra Nembang. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The government has declared public holiday on Thursday to mourn the demise of Constituent Assembly Chairperson Subash Chandra Nembang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Home Affairs issued a notice on Tuesday, informing that coming Thursday would be a public holiday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CPN UML Vice-Chairperson Nembang who was elected as a member of the House of Representatives from Ilam constituency-2 passed away due to cardiac arrest on Tuesday morning. He was 70. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government decided to give a public holiday to all public offices and Nepal’s diplomatic missions abroad and said that the national flag of Nepal would be flown at half-mast in all the relevant agencies of the government of Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18709', 'image' => '20230913125922_905x525-moha.jpg', 'article_date' => '2023-09-13 12:58:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18978', 'article_category_id' => '1', 'title' => 'NADA Auto Show 2023 Kicks off', 'sub_title' => '', 'summary' => 'The 15th edition of 'NADA Auto Show 2023' organized by the NADA Automobiles Dealers Association (NADA), has kicked off from Tuesday. Finance Minister Dr Prakash Sharan Mahat inaugurated the exhibition of the automobiles in Kathmandu.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 13: The 15<sup>th</sup> edition of 'NADA Auto Show 2023' organized by the NADA Automobiles Dealers Association (NADA), has kicked off from Tuesday. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Finance Minister Dr Prakash Sharan Mahat inaugurated the exhibition of the automobiles in Kathmandu.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Finance Minister Dr. Mahat expressed confidence that with improvements in various sectors of the economy the business of the automobiles would also improve.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The indicators of economy are improving. Foreign exchange reserve has increased. The influx of foreign tourists is on the rise. Thus, problems seen in the auto sector will be resolved, and its business will also grow,” Mahat said. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dr Mahat advised the NADA to be an association of production rather than of dealers. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The government will provide subsidy to those who start assembling. Since assembling of motorbikes has started in Nepal, we also would have to begin the assembling of four-wheelers,” Mahat suggested. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dhruba Thapa, the President of NADA, stated that the event, which spans six days, is expected to generate the business transaction of over Rs 20 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition, which will run for six days in Kathmandu, features a grand display of vehicles, parts, financial services, and other related businesses. According to the organizers, there are around 120 small and big stalls and blocks at the exhibition.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prominent international brands of vehicles, lubricants, tires, and automotive parts, as well as national brands of automotive equipment manufacturers and service providers, have participated in the exhibition.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition features 16 brands of four-wheelers, 22 brands of two-wheelers, seven brands of light commercial vehicles, nine financial institutions, and 30 companies dealing with lubricants, tires, batteries, parts, and garage equipment. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The 'NADA Auto Show 2023' is sponsored by Tata Motors Genuine Oil, and the co-sponsor is Shikhar Insurance Company Limited. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition is being managed by Global Exposition and Management Services. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18707', 'image' => '20230913060414_collage (13).jpg', 'article_date' => '2023-09-13 06:01:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 14: Although the ground reality is different, it seems that the government is happy with the economic indicators. The government has expressed its satisfaction with the current state of the economy stating that there has been a ‘significant improvement' in the economic indicators as mentioned in the progress report of the ministries released on Wednesday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A progress report, comparing the progress of the current fiscal year with the previous two fiscal years, were published during the 'Review of Policies and Programme and Budget Implementation of the Fiscal Year 2080/81' at the Office of the Prime Minister and Council of Ministers.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The progress report indicates that the country’s foreign exchange reserves and remittance inflow have increased, the current account balance is in surplus, and the trade deficit has decreased. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The private sector, on the other hand, is complaining that the production of industries has reduced due to the decline in market demand, and that it is difficult to maintain their business due to the slowdown in economic activities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Even other government data do not indicate an easy situation. Imports and exports have decreased compared to the previous year. Although the budget aims to increase the revenue by more than 48 percent compared to the previous year, the revenue collection as of Wednesday is pathetic. The data of revenue collection is a strong indication that economic activities have not increased.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On the same day that the government released the progress report stating that the indicators of the economy are positive, the state-owned news agency RSS published a news report stating that the industries of Hetauda industrial area are producing only at 40 percent of their capacity. It is mentioned in the news that it was due to the economic recession.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The progress report mentions that although there has been a significant improvement in the implementation of policies and programmes and budget in this fiscal year compared to the previous fiscal year, the government has not made progress as per the target. Even though the government says that there has been a significant improvement in the economic indicators and budget implementation, experts are not ready to accept it.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Former Vice Chairman of the National Planning Commission Dr Pushparaj Kandel says that there has been no improvement in the economy. He says that the government is not able to adopt the right policy and the economy has become stagnant and is falling into recession. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Kandel argued that even after the announcement of the budget, the policy arrangements have not been implemented yet. "Most of the plans and programmes announced in the budget have not been implemented, the government's report has no meaning," he told New Business Age.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On the other hand, Prime Minister Pushpa Kamal Dahal said that the trend of shying away from one’s responsibility has led to poor results. Stating that the employees should be able to take risks according to their mandate, he instructed the employees to work effectively.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the presentation of the progress report during the programme, Prime Minister Dahal said that the attitude of being ready to take risks will give good results. "All of us should think in the direction of bearing responsibility. The tendency to shy away from one’s responsibilities does not give results," he said. "Effective results will come only if all employees are ready to take risks.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The progress report mentions the details of the works done by various ministries of the government in the year 2079/80.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report card includes the list of milestones, completed work, ongoing work and pending work of all the ministries.</span></span></span></span></p> <p> </p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18723', 'image' => '20230914024641_20230115115828_consumer.jpg', 'article_date' => '2023-09-14 14:46:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18993', 'article_category_id' => '1', 'title' => 'Ncell Extends 4G Service in Remote Districts', 'sub_title' => '', 'summary' => 'September 14 : Ncell, one of the leading private sector telecom companies of Nepal, has extended high speed mobile broadband service to the headquarters of Mugu, Dolpa, Humla and Bajura districts.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 14 : Ncell, one of the leading private sector telecom companies of Nepal, has extended high speed mobile broadband service to the headquarters of Mugu, Dolpa, Humla and Bajura districts. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Issuing a recent statement, Ncell Axiata Limited said the company launched </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G service to connect the locals of these places with the opportunities provided by digital technology.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As a part of its service expansion drive, Ncell has installed four </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G Base Transceiver Stations (BTS) – one each in in Thulibheri Municipality (Dolpa), Chayannath Rara Municipality (Mugu), Badimalika Municipality (Bajura) and Simikot Rural Municipality (Humla) – to launch the 4G service.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Chief Executive Officer and Managing Director of Ncell, Jabbor Kayumov informed that all the districts of Karnali and Sudurpaschim provinces have been connected with the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G service now. He expects that this will contribute to the government's vision of Digital Nepal and the creation of a digital inclusive community.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ncell said more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">100 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">of its </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G BTSs are in operation across the country. In the last fiscal year alone, Ncell established </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">338 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">new sites in different parts of the country. Similarly, Ncell said that the company has upgraded the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">G capacity in nearly </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">450 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">towers in more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">districts.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18722', 'image' => '20230914020330_20230822025523_1692672227.jpg', 'article_date' => '2023-09-14 14:02:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18992', 'article_category_id' => '1', 'title' => 'CIB Recommends Action against 50 Persons involved in Gold Smuggling Scam', 'sub_title' => '', 'summary' => 'September 14: The Central Investigation Bureau (CIB) of Nepal Police has recommended to the District Attorney’s Office to take action against 50 persons involved in recent gold smuggling scam.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 14: The Central Investigation Bureau (CIB) of Nepal Police has recommended to the District Attorney’s Office to take action against 50 persons involved in recent gold smuggling scam.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The CIB made the recommendation on Wednesday while submitting a report prepared after investigating the 61 kg gold smuggling scam. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> The District Attorney’s Office, Kathmandu has been recommended to initiate cases against the accused under seven different crimes. District Attorney Mahesh Prasad Khatri confirmed that the office received the report along with the recommendation. </span><br /> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CIB has argued in the report that the accused should be prosecuted as per the Customs Act, Organized Crime Act, Nepal Rastra Bank Act, Criminal Code, Nepal Citizenship Act, Passport Act and the Immigration Act.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif""> According to Additional Inspector General of Nepal Police Kiran Bajracharya, chief of the CIB, the investigation found that those involved in the racket had smuggled more than 362 kilograms of gold through seven companies. However, only 61 kgs of gold was collected in the latest incident. The CIB has suggested the District Attorney to sue the smugglers, seeking recovery of Rs 3.50 billion from them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">So far, 23 Nepalis and nine foreigners have been held in connection with the case, while 18 are still absconding. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On July 19, a team of Department of Revenue Investigation (DRI) had confiscated 61 kgs of gold that passed TIA customs clearance from Sinamangal. The gold brought illegally from Hong Kong was found hidden in brake shoes. -- RSS </span><br /> </span></span><br /> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18721', 'image' => '20230914013402_1694594250.jpg', 'article_date' => '2023-09-14 13:33:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18991', 'article_category_id' => '1', 'title' => 'More than a Dozen New Vehicles Launched at NADA Auto Show 2023', 'sub_title' => '', 'summary' => 'September 4: NADA Auto Show 2023, which kicked off in Kathmandu on Tuesday, features more than a dozen new cars and motorcycles.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 4: NADA Auto Show </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, which kicked off in Kathmandu on Tuesday, features more than a dozen new cars and motorcycles.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NADA said that new vehicles of Hyundai, Suzuki, Tata, BVD, MG and other brands have been launched at the fair.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The six-day fair organized by NADA Automobiles Association of Nepal (NADA) and sponsored by Tata Motors Genuine Oil will run till September 17.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This time, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">16</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> brands of four-wheelers, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> brands of two-wheelers, seven brands of light commercial vehicles, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> financial institutions, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> lubricants, tires, batteries, spare parts and garage equipment companies are participating in the auto show. The fair had been postponed for four years due to various reasons.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NADA said that this auto show accounts for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the business that takes place throughout the year. NADA estimates this turnover to be around Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion. Around </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">75,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> spectators are expected to attend the fair. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the organizers, there are </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">120</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> stalls and blocks in the exhibition.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18720', 'image' => '20230914120323_1694652765.2023-09-14 06.37.12.jpg', 'article_date' => '2023-09-14 12:02:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18990', 'article_category_id' => '1', 'title' => 'Salt Trading Corporation Celebrates its 61st Anniversary', 'sub_title' => '', 'summary' => 'September: The state-owned Salt Trading Corporation (STC) Limited celebrated its 61st anniversary on Wednesday.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September: The state-owned Salt Trading Corporation (STC) Limited celebrated its </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">61</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">st anniversary on Wednesday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Speaking at the anniversary programme, Minister for Industry, Commerce and Supplies Ramesh Rijal said that the Salt Trading Corporation has been providing quality consumer goods at affordable prices to the people.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pradiplal Shrestha, chairman of the STC, said that they are facilitating the supply of daily consumables in the market by fully following the policies and instructions of the Government of Nepal. The company officials said that they aim to increase the turnover by expanding the service sector in the future.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Urmila Shrestha, chief executive officer of the STC, laid emphasis on diversification of services to further strengthen the financial condition of the Salt Trading Corporation. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">She said that the chemical fertilizers sold by the government through the Salt Trading Corporation at subsidized rates have directly supported the production of the agricultural sector. "Salt Trading Corporation can work in other areas of production as well," she said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The company has been arranging the supply of iodized salt, sugar, chemical fertilizers, selling these items at discounted prices. The company has been operating gas industry, and is also involved in import as well as production of chemicals and fertilizers. In addition to this, the company officials claimed that the STC is also playing a leading role in corporate social responsibility.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">At the anniversary function, the STC handed over 'child welfare awards' to the organizations that have been actively involved in the protection of children. Likewise, the state-owned company also gave certificates of appreciation to the employees who performed well and scholarships were to the children of the employees who passed the SEE exam with excellent marks.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18719', 'image' => '20230914111924_1694654897.1 salt ppp.jpg', 'article_date' => '2023-09-14 11:18:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18989', 'article_category_id' => '1', 'title' => 'Government Striving for Economic Reforms, says Prime Minister Dahal', 'sub_title' => '', 'summary' => 'Prime Minister Pushpa Kamal Dahal stated that the government is committed to economic reforms, highlighting a strong emphasis on boosting production and generating employment opportunities.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 13: Prime Minister Pushpa Kamal Dahal stated that the government is committed to economic reforms, highlighting a strong emphasis on boosting production and generating employment opportunities. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Speaking at a gathering in the federal capital on Wednesday, PM Dahal emphasized that the budget for fiscal year 2023/2024 prioritizes increasing production and creating jobs.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">PM Dahal encouraged a positive and hopeful outlook among the public, assuring that these reforms would be implemented in the near future.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> He also noted that the government is actively working on improving governance and striving to strike a balance between monetary and fiscal policies.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Finance Minister Dr. Prakash Sharan Mahat, speaking at the event, expressed optimism about the gradual recovery of the country's economy, which had been significantly impacted by the COVID-19 pandemic and global economic challenges.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Mahat suggested that remittances should be directed towards productive sectors to facilitate economic growth.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Chandra Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), emphasized the importance of collaboration between the government and private sectors for the nation's prosperity. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dhakal stressed that building confidence among private sector stakeholders is crucial for achieving this goal. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-14', 'modified' => '2023-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '18718', 'image' => '20230914061151_collage (14).jpg', 'article_date' => '2023-09-14 06:10:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18988', 'article_category_id' => '1', 'title' => 'WTO Warns of 'First Signs' of Trade De-globalisation', 'sub_title' => '', 'summary' => 'September 13: The World Trade Organisation (WTO) has warned that the first signs of de-globalisation are appearing although fragmentation of international trade is far from being a reality.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 13: The World Trade Organisation (WTO) has warned that the first signs of de-globalisation are appearing although fragmentation of international trade is far from being a reality. The WTO on Tuesday expressed concerns regarding the effects of the phenomenon on growth and development.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, the idea of "de-globalisation" has gained traction since the war in Ukraine and pandemic-related lockdowns in China prompted significant disruption to global supply chains.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In its annual report on international trade, economists with the WTO argued in favour of "reglobalisation" as "the first signs of trade fragmentation threaten to slow growth and development," added the French news agency.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">For several decades, the expansion of global trade has surpassed global economic growth, but the trend "kind of stopped around the global financial crisis of 2008-2009, and since then, it's been kind of stagnating", WTO chief economist Ralph Ossa told AFP.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">After this phase of slowing globalisation, the question is "whether we are moving towards a phase of deglobalisation", he said, as the report shows geopolitical tensions are beginning to have an impact on trade flows around the world.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We're quite far away from deglobalising, but at the same time, you start seeing... the first cracks in the system," AFP quoted Ossa as saying. He pointed out trade fragmentation tends to follow geopolitical divisions, particularly since the Russian invasion of Ukraine.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The WTO calculated trade between two geopolitical blocs that were split according to how they vote at the UN General Assembly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It did not identify countries by name but tensions have risen between the West and Russia and China in recent years.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, the report said the flow of goods between the two sides has grown between four and six percent slower than within each bloc.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We're really at a crossroads here," said WTO research economist Victor Stolzenburg, who coordinated the report.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The WTO warned that a division of world trade into two distinct blocs would cost the world an estimated at five percent of real income, with some developing economies facing double-digit losses.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18717', 'image' => '20230913010436_Xo6dyjvdV7WT5GMQgNpjfm.jpg', 'article_date' => '2023-09-13 13:02:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18987', 'article_category_id' => '1', 'title' => 'Rukum Farmers Prepare to Export Turmeric to Germany ', 'sub_title' => '', 'summary' => 'September 12: Farmers of Rukum West are elated with the prospect of exporting turmeric, which is in high demand in the district. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 12: Farmers of Rukum West are elated with the prospect of exporting turmeric, which is in high demand in the district. The locals say that the demand for turmeric has skyrocketed to the point that they will have to rely on neighbouring district to supply turmeric as per the demand</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Triveni Labour Cooperative located at Triveni rural municipality in Rukum West has taken the initiative to export turmeric produced in the district to Germany. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cooperative has already established a processing centre to export turmeric produced in the district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We had sent dried turmeric rhizome slices to Germany for trial. We received the report that the turmeric slice was of good quality. So we are ready for processing turmeric slice for producing turmeric. Export of turmeric will be started from November," shared Chairperson of the cooperative, Sher Bahadur Malla. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Malla mentioned that they have asked the members of the cooperative to cultivate turmeric. He said that 200 members were involved in turmeric farming this season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He stated that the turmeric produced in the rural municipality is not enough to meet the demand. The cooperative has also asked the farmers in other areas of the district in advance to cultivate turmeric. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cooperative said it has established an industry for processing and producing turmeric. Triveni Rural Municipality and Chaurajahari Municipality in the district have been producing good quantity of tumeric. Traders buy turmeric produced by farmers from the district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Karnali Province Government had provided Rs 15 million to the cooperative for managing the physical infrastructure and machine required for the processing centre. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cooperative’s president Malla informed that they invested Rs 48,000 on their part for operating the processing plant. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The farmers are hopeful that they will get a decent price for their produce as the turmeric produced in the district is to be exported. (With inputs from RSS) </span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18716', 'image' => '20230913010150_turmeric-root-and-powder.jpg', 'article_date' => '2023-09-13 13:00:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18984', 'article_category_id' => '1', 'title' => 'Upper Trishuli-1 Hydropower Project to Generate 104 MW of Constant Energy throughout the Year', 'sub_title' => '', 'summary' => 'September 13: The foundation stone of the Upper Trishuli-1 hydropower project, which is expected to produce 104 megawatts of stable energy throughout the year, was laid on Tuesday. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 13: The foundation stone of the Upper Trishuli-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hydropower project, which is expected to produce </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">104</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> megawatts of stable energy throughout the year, was laid on Tuesday. Shakti Bahadur Basnet, Minister for Energy, Water Resources and Irrigation, laid the foundation stone for the construction of the dam including the headworks with a total cost of USD </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">647.3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million at a ceremony held in Kathmandu.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The project developers said that the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">216</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> megawatt plant under construction in Rasuwa will produce electricity at its full capacity during summer. For this project, nine international financial institutions have signed a consortium agreement to invest USD </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">450.32</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million. The remaining amount has been raised through equity. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The project’s dam and other structures are currently under construction at Rasuwa's Amachhodingmo Rural Municipality-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, while the underground power house in being built at Uttargaya Rural Municipality-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The main construction of the project was started in December </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">21</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It is said that the construction of the entire structure, including the underground power house, main tunnel, dam, is being done at a rapid pace. The overall physical progress of the project has reached </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. The promoter plans to start the construction of the dam after the rainy season ends.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">About </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> workers are currently employed in the construction of the project. About half of them are natives of Rasuwa district. It is said that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">700</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> Nepali workers will get daily jobs during the project construction period of five years. Similarly, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">70</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people will get employment during the project operation period of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Korean company Doosan Enerbility is working on the engineering, procurement and construction model for the construction of the project. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">KOIN, which is owned by the South Korean government, and the International Finance Corporation have share investments in the promoter company of the project – Nepal Water and Energy Development Company.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Financial management of the project has been done in such a way that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">70</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the cost of the project will be raised from debt and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent from equity.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The project will generate </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">38.75</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the total annual energy in winter and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">61.25</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the rainy season. The generated energy will be connected to the national transmission system at the Trishuli-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">B substation being constructed by the Nepal Electricity Authority. The company has already signed the power purchase and sale agreement with the authority.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The project is considered vital from the electricity development perspective as it is close to the Kathmandu load center and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">104 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">megawatts of electricity can be obtained even in winter when there is a high demand for electricity. According to the project officials, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">104 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">megawatts of fixed energy will be obtained from this project throughout the year. The project is set to be completed by December </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18715', 'image' => '20230913122231_upper trishuli.jpg', 'article_date' => '2023-09-13 12:21:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18985', 'article_category_id' => '1', 'title' => 'Light to Moderate Rain Likely in Hill Areas Today ', 'sub_title' => '', 'summary' => 'September 13: Currently, the axis of monsoon trough is positioned further south than its usual location and the country is experiencing a partial influence of a low pressure system based in Uttar Pradesh of India and its adjacent areas.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: Currently, the axis of monsoon trough is positioned further south than its usual location and the country is experiencing a partial influence of a low pressure system based in Uttar Pradesh of India and its adjacent areas.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the Meteorological Forecasting Division, the weather across the country is expected to be partly to generally cloudy today with the chances of light to moderate rainfall with thunder and lightning at a few places of the hill regions of the country and at one or two places in the rest of the country.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The division stated that the weather will be partly to generally cloudy throughout the country tonight while light to moderate rain with thunder and lightning is expected to take place at a few places of Koshi, Madesh , Bagmati , Gandaki and Lumbini provinces and at one or two places of rest of the provinces.-- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18714', 'image' => '20230913125526_rain.jpeg', 'article_date' => '2023-09-13 12:54:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18983', 'article_category_id' => '1', 'title' => 'Prime Minister’s Verbal Directive holds Sway over Policy Decisions of NEA', 'sub_title' => '', 'summary' => 'September 13: The controversy over the arrears of electricity tariff of 'dedicated feeder' and 'trunk line', which has been pending for a long time, has become more complicated as the prime minister's verbal instructions have outwitted policy decisions.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 13: The controversy over the arrears of electricity tariff of 'dedicated feeder' and 'trunk line', which has been pending for a long time, has become more complicated as the prime minister's verbal instructions have outwitted policy decisions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Nepal Electricity Authority (NEA) had issued a </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">day notice to industries on September 3 to clear the arrears of electricity taken from the dedicated feeder and trunk line within the prescribed date. The NEA also warned that the line will be disconnected if the dues were not paid. However, the industrialists went to Prime Minister Pushpa Kamal Dahal seeking his intervention. After the meeting with the industrialists, Prime Minister Dahal instructed the authority on Monday not to stop power supply to the industries until this issue is resolved. The PM said that studies are being conducted to resolve the problem of dedicated feeder and trunk line tariffs.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Prime Minister Dahal telephoned the managing director of the NEA, Kulman Ghising, and gave this instruction, but the prime minister's office has not formally written to the NEA in this regard.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">At this point, the authority has come to a conclusion that the prime minister's verbal instructions should be taken into consideration rather than policy decisions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Manoj Silwal, deputy executive director of the NEA, said that it would have been easier to take a decision on this matter if the PM had given a written instruction. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“It is not that we will not implement the verbal instruction of the prime minister, but it has caused us a problem in making a decision. It would have been easier for the authority to make a decision if there had been a written instruction," he told New Business Age.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the NEA, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">67</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> industries have not paid the fee for using electricity through dedicated feeder and trunk line during the time of load shedding. The authority says that after adding interest and penalty to the initial arrears, the outstanding amount has reached Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Ministry of Energy has written a letter to the authority seeking information on the status of action against the industrialists who have not paid their dues.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The NEA is preparing to reply to the ministry stating that the action cannot be proceeded forward due to the instruction of the prime minister.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">day deadline given by the authority to the industries will end next Tuesday. Due to the verbal instructions given by the prime minister, the NEA is having problem in taking a proper decision with just a few days left for the deadline to end.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18713', 'image' => '20230913111412_NEA_20191104081559.jpg', 'article_date' => '2023-09-13 11:13:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18981', 'article_category_id' => '1', 'title' => 'CIB to Submit its Report on Gold Smuggling Case to Government Attorney Today', 'sub_title' => '', 'summary' => 'September 13: The Central Investigation Bureau (CIB) of Nepal Police has completed its investigation into the case of 61 kilograms of gold smuggled from Hong Kong to Nepal and is due to submit its report to the District Government Attorney Office. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The Central Investigation Bureau (CIB) of Nepal Police has completed its investigation into the case of 61 kilograms of gold smuggled from Hong Kong to Nepal and is due to submit its report to the District Government Attorney Office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief of CIB and Additional Inspector General of Police Kiran Bajracharya told RSS that preparations are underway to submit the report on Wednesday since the report writing job is now completed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CIB is preparing to give its recommendations to file charge sheet against the alleged on charges of organized crime, gold smuggling among others. The investigation period for the organized crime is 60 days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The case should be taken to the court as the limitation of 60 days is getting over on September 16. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The District Government Attorney’s Office will then get three days of time to review the report before filing case at the district court. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">So far, 30 people have been arrested in connection with the case while one person is n surveillance out of the police custody citing health issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The arrestees include customs officials, customs agents, gold traders and Indian and Chinese nationals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Department of Revenue Investigation on July 19 had confiscated the smuggled gold weighing 60 kilos and 716 grams from the Sinamangal area in the capital city after it had passed customs clearance from the Tribhuvan International Airport. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The incident had caused widespread protest. The main opposition party, the CPN-UML had blocked the parliament proceedings demanding the formation of a high-level probe committee to investigate the case. The UML lifted the house obstruction after reaching an understanding with the government to form the probe committee after the police completes its investigation. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18712', 'image' => '20230913091924_goldee.jpg', 'article_date' => '2023-09-13 09:18:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18980', 'article_category_id' => '1', 'title' => 'Jumla Exports Over 21,000 Metric Tonnes of Apples ', 'sub_title' => '', 'summary' => 'September 13: The apple farmers of Jumla have exported more than 21,000 metric tonnes of apples so far in this year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The apple farmers of Jumla have exported more than 21,000 metric tonnes of apples so far in this year. Acting chief of the Agriculture Development Office, Jumla, Ganesh Bahadur Adhikari said that the aforementioned quantity of apples were exported from all eight local levels in the district. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Despite locals' attraction towards apple farming in Jumla in the recent years, apple production has decreased 40 per cent this year compared to the previous year. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the office is collecting data of entire apple production from the district. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Complete data of the apple production from the district will be availed after some weeks, Information Officer of Agriculture Development Office Sher Bahadur Bhandari added. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">The district produces different species of apple including Jumli, Italy, Gala, Fuji, Jona Prince and others. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Currently, the traders from the nearby districts are reaching out to the farmers by visiting the apple orchards in Jumla district. The traders have flocked to the Sinja Valley in Jumla to purchase apples. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the local levels in Jumla have issued notice to the farmers asking them to collect apples only after September. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Yubraj Neupane, a local trader, said that the businesspersons have come here from as far as Surkhet, Nepalgunj, Dang, Dhangadhi and Butwal to purchase apples for the upcoming Teej festival. </span></span><br /> <span style="font-size:13.5pt"><span style="font-family:"Arial Unicode MS","sans-serif"">In Jumla, around 16,000 households rely on apple farming for the livelihood. Apples are grown in 4,250 hectares of land in the district. -- RSS </span></span></span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => 'Jumla, export, apple, Nepal', 'description' => '', 'sortorder' => '18710', 'image' => '20230913083334_20230912090405_Untitled.jpg', 'article_date' => '2023-09-13 08:33:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18986', 'article_category_id' => '1', 'title' => 'Government Announces Public Holiday on Thursday ', 'sub_title' => '', 'summary' => 'September 13: The government has declared public holiday on Thursday to mourn the demise of Constituent Assembly Chairperson Subash Chandra Nembang. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The government has declared public holiday on Thursday to mourn the demise of Constituent Assembly Chairperson Subash Chandra Nembang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Home Affairs issued a notice on Tuesday, informing that coming Thursday would be a public holiday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CPN UML Vice-Chairperson Nembang who was elected as a member of the House of Representatives from Ilam constituency-2 passed away due to cardiac arrest on Tuesday morning. He was 70. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government decided to give a public holiday to all public offices and Nepal’s diplomatic missions abroad and said that the national flag of Nepal would be flown at half-mast in all the relevant agencies of the government of Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18709', 'image' => '20230913125922_905x525-moha.jpg', 'article_date' => '2023-09-13 12:58:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18978', 'article_category_id' => '1', 'title' => 'NADA Auto Show 2023 Kicks off', 'sub_title' => '', 'summary' => 'The 15th edition of 'NADA Auto Show 2023' organized by the NADA Automobiles Dealers Association (NADA), has kicked off from Tuesday. Finance Minister Dr Prakash Sharan Mahat inaugurated the exhibition of the automobiles in Kathmandu.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 13: The 15<sup>th</sup> edition of 'NADA Auto Show 2023' organized by the NADA Automobiles Dealers Association (NADA), has kicked off from Tuesday. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Finance Minister Dr Prakash Sharan Mahat inaugurated the exhibition of the automobiles in Kathmandu.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Finance Minister Dr. Mahat expressed confidence that with improvements in various sectors of the economy the business of the automobiles would also improve.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The indicators of economy are improving. Foreign exchange reserve has increased. The influx of foreign tourists is on the rise. Thus, problems seen in the auto sector will be resolved, and its business will also grow,” Mahat said. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dr Mahat advised the NADA to be an association of production rather than of dealers. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The government will provide subsidy to those who start assembling. Since assembling of motorbikes has started in Nepal, we also would have to begin the assembling of four-wheelers,” Mahat suggested. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dhruba Thapa, the President of NADA, stated that the event, which spans six days, is expected to generate the business transaction of over Rs 20 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition, which will run for six days in Kathmandu, features a grand display of vehicles, parts, financial services, and other related businesses. According to the organizers, there are around 120 small and big stalls and blocks at the exhibition.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prominent international brands of vehicles, lubricants, tires, and automotive parts, as well as national brands of automotive equipment manufacturers and service providers, have participated in the exhibition.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition features 16 brands of four-wheelers, 22 brands of two-wheelers, seven brands of light commercial vehicles, nine financial institutions, and 30 companies dealing with lubricants, tires, batteries, parts, and garage equipment. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The 'NADA Auto Show 2023' is sponsored by Tata Motors Genuine Oil, and the co-sponsor is Shikhar Insurance Company Limited. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition is being managed by Global Exposition and Management Services. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-13', 'modified' => '2023-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '18707', 'image' => '20230913060414_collage (13).jpg', 'article_date' => '2023-09-13 06:01:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
