September 4: India defeated Nepal by a crushing ten wickets in their Asia Cup match, which was interrupted twice by rainfall on…
September 4: India defeated Nepal by a crushing ten wickets in their Asia Cup match, which was interrupted twice by rainfall on…
September 4: The Asia Cup match between Nepal and India being held in Sri Lanka was interrupted twice by rainfall on…
September 4: Police have arrested province assembly member of Madesh Province, Anirudh Kumar Singh Yadav, on the charge of murder on…
Finance Minister Dr Prakash Sharan Mahat said the country's economy is on a positive…
There was a pause on the continuous fall in the Nepal Stock Exchange (NEPSE) Index on the second trading day of the week,…
September 4: The Independent Power Producers Association, Nepal (IPPAN) held a discussion with former Indian Ambassador to Nepal Ranjit Rae, urging him to facilitate electricity trade in the Indian…
September 4: Nepal Airlines Corporation (NAC) has resumed its services to Suketar from Kathmandu after three…
September 4: Speakers at a programme on Sunday stressed the need for cooperation between the private sector and the Nepali diplomatic missions for promotion of foreign investment and…
September 4: Myagdi, a district rich in genetic resources and biological diversities has reported the potential disappearance of 97 varieties of indigenous crops from its rural…
September 4: Standard Chartered Bank Nepal Limited has appointed Md Yasir Arafin as the bank’s chief financial…
September 4: The axis of the monsoon trough now lies close to the Himalayan foothills, according to the Weather Forecasting…
The Chukeni hydropower project, located in Gadigaon of Patarasi rural municipality-1 in Jumla, has entered its final construction phase. The project, considered a source of pride for the district, is on track to be completed by December, according to Janamaya Rokaya, the vice-chair of the rural…
September 3: Stakeholders said that Nepal has failed to fully capitalize on its export opportunities within its immediate neighbourhood despite tremendous potential due to its limitations in production capacity and supply-side issues as well as various tariff, non-tariff and para-tariff barriers imposed by the destination…
September 3: The Department of Drug Administration (DDA) has directed all stakeholders to put a red line on the label of…
September 3: The government, which raised internal debt since the beginning of the current fiscal year, has raised Rs 35.85 billion in internal debt within three…
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Nepal were all out with 10 balls to spare. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Put into bat first after losing the toss, Nepal started well scoring briskly to post 65 runs for the first wicket, before Kushal Burtel was out in the penultimate ball of the 10th over. Since then, Bhim Sarki, captain Rohit Paudel and Kushal Malla went out cheaply, with none of them reaching double digits. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Aasif Sheikh scored 58 runs in 97 balls being before out caught to Mohammad Siraj. Gulshan Jha scored 23 runs in 35 balls. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dipendra Singh Airee and Sompal Kami steadied the innings down the order, putting up a 50-run partnership in 55 balls for the 7th wicket. Sompal missed on a deserved half century, out caught behind to Mohammad Sami, scoring 48 runs in 56 balls, including 2 sixes. Airee contributed 29 runs in 25 balls. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">For India, Rabindra Jadeja took 3 wickets while Mohammad Siraj took 2 wickets and Shardul Thakur, Mohammad Sami and Hardik Pandya took 1 wicket each. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the second match that Nepal is playing in the Asia Cup 2023. In the first match held in Multan, Pakistan, Nepal lost to the hosts by 238 runs. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first ever international match between neighbours Nepal and India, and only second international match that Nepal is playing in its ODI history. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The 50-over tournament is a tune-up for the upcoming ODI World Cup in India but rain has played a spoiling role, forcing organisers to discuss a venue change for upcoming matches in Colombo, AFP reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India's opening match against Pakistan was abandoned due to rain after one innings. A win or a washout against Nepal would qualify the Asian giants for the Super Four stage. – RSS/AFP</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-05', 'keywords' => 'India, Nepal, Asia, Cup, Sri, Lanka, cricket, Rohit, Sharma', 'description' => '', 'sortorder' => '18644', 'image' => '20230904115314_818985-01-02.jpg', 'article_date' => '2023-09-04 23:52:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18913', 'article_category_id' => '1', 'title' => 'Rain Delays Nepal Vs India Match in Asia Cup, Game Revised to 23 Overs after Play Resumed', 'sub_title' => '', 'summary' => 'September 4: The Asia Cup match between Nepal and India being held in Sri Lanka was interrupted twice by rainfall on Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 4: The Asia Cup match between Nepal and India being held in Sri Lanka was interrupted twice by rainfall on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chasing a victory target of 231 runs set by debutant Nepal, India had scored 17 runs in 2.1 overs when rain stopped the match. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Skipper Rohit Sharma, on four, and Shubman Gill, on 12, were batting when rain interrupted play for the second time in the match after a 60-minute break during the Nepal innings.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">After a brief interruption, the match resumed and was revised to 23 overs in the second innings.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Earlier, Nepal had posted a total of 230 runs in 48.2 overs playing its only second international match and first against India in Pallekele cricket stadium. Nepal were all out with 10 balls to spare. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Put into bat first after losing the toss, Nepal started well scoring briskly to post 65 runs for the first wicket, before Kushal Burtel was out in the penultimate ball of the 10th over. Since then, Bhim Sarki, captain Rohit Paudel and Kushal Malla went out cheaply, with none of them reaching double digits. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Aasif Sheikh scored 58 runs in 97 balls being before out caught to Mohammad Siraj. Gulshan Jha scored 23 runs in 35 balls. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dipendra Singh Airee and Sompal Kami steadied the innings down the order, putting up a 50-run partnership in 55 balls for the 7th wicket. Sompal missed on a deserved half century, out caught behind to Mohammad Sami, scoring 48 runs in 56 balls, including 2 sixes. Airee contributed 29 runs in 25 balls. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">For India, Rabindra Jadeja took 3 wickets while Mohammad Siraj took 2 wickets and Shardul Thakur, Mohammad Sami and Hardik Pandya took 1 wicket each. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the second match that Nepal is playing in the Asia Cup 2023. In the first match held in Multan, Pakistan, Nepal lost to the hosts by 238 runs. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first ever international match between neighbours Nepal and India, and only second international match that Nepal is playing in its ODI history. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The 50-over tournament is a tune-up for the upcoming ODI World Cup in India but rain has played a spoiling role, forcing organisers to discuss a venue change for upcoming matches in Colombo, AFP reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India's opening match against Pakistan was abandoned due to rain after one innings. A win or a washout against Nepal would qualify the Asian giants for the Super Four stage. – RSS/AFP</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18643', 'image' => '20230904113107_819229-01-02.jpg', 'article_date' => '2023-09-04 23:30:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18914', 'article_category_id' => '1', 'title' => 'MP Yadav Arrested on Murder Charge', 'sub_title' => '', 'summary' => 'September 4: Police have arrested province assembly member of Madesh Province, Anirudh Kumar Singh Yadav, on the charge of murder on Monday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 4: Police have arrested province assembly member of Madesh Province, Anirudh Kumar Singh Yadav, on the charge of murder on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The independent candidate Yadav was elected as the PA member from Saptari Constituency 4(2). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the District Police Office, Saptari, Yadav was arrested from Rajbiraj on the charge of abducting and then murdering Govinda Chaudhary, 32, of Khoksar Prabaha VDC-1 of Saptari district on June 23, 2007. The PA member had been absconding after the incident. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Govinda's sister, Rita Kumari Chaudhary, had filed a case against nine people including Yadav at the District Police Office, Saptari on June 28, 2007. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Superintendent of Police, Naresh Kumar Singh, said District Court Saptari has extended Yadav's custody for few more days for investigation. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18642', 'image' => '20230904113614_blank - Copy.jpg', 'article_date' => '2023-09-04 23:35:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18912', 'article_category_id' => '1', 'title' => 'Country's Economy on Positive Track: FinMin Mahat', 'sub_title' => '', 'summary' => 'Finance Minister Dr Prakash Sharan Mahat said the country's economy is on a positive track.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 4: Finance Minister Dr Prakash Sharan Mahat said the country's economy is on a positive track.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">while inaugurating the annual general meeting of the Pokhara Tourism Council (PTC) in Pokhara today, the state of the economy is not disappointing, said Mahat.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Mahat stressed that country’s economy was resilient despite facing 2015 earthquake and subsequent COVID-19.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Negativity only decrease confidence, and there is no need to be disappointed about the country's economy as revenue collection has improved compared to the last year, Mahat sounded optimistic. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Stating that the government was proactive in resolving problems facing the economy, the minister expressed confidence that capital expenditure would take place effectively.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Saying tourism has been taken as an important base for prosperity, Mahat stressed the need for making Pokhara as a transit of tourism, which he said would increase tourism activities. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, Minister for Industry, Tourism, Forest and Environment of Gandaki Province, Dipendra Bahadur Thapa said the provincial and federal governments had focused on the operation of international flights from the Pokhara International Airport. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The PTC President Pom Narayan Shrestha said Indian tourists were facing problem in the exchange of Indian bank notes of 500, thus affecting their inflow. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Drawing the attention of the concerned authority to non-operation of international flights from the Pokhara International Airport, he said the delay in the construction of the Pokhara-Muglin road has directly affected Pokhara's tourism. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18641', 'image' => '20230904054721_collage (12).jpg', 'article_date' => '2023-09-04 17:46:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '18911', 'article_category_id' => '1', 'title' => 'Bears in NEPSE Pause', 'sub_title' => '', 'summary' => 'There was a pause on the continuous fall in the Nepal Stock Exchange (NEPSE) Index on the second trading day of the week, Monday.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">September 4: There was a pause on the continuous fall in the Nepal Stock Exchange (NEPSE) Index on the second trading day of the week, Monday. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">The benchmark Index posted gains of 7.04 points or 0.35% and closed at 1967.83 points today. </span></span></span><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Despite the market’s single digit rise, the turnover amount dipped. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Seasoned investors and experts attribute the bearish trend in the market for the negative psychology prevalent among the investors. As a result of this, the market has failed to pick up the momentum. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">During today's trading, a total of 270 scrips exchanged their hands through 32,533 transactions. </span></span></span><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">As many as 3,432,267 shares were traded, amounting to Rs 1.09 billion. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">IME Life Insurance Company Limited (ILI) recorded the highest turnover of Rs. 5.28 crores and closed at a market price of Rs. 559. The shares of GBIMEP traded the most.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Similarly, Three Star Hydropower Limited (TSHL) gained the highest 10%, hitting the upper circuit for the day. </span></span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Meanwhile, Liberty Energy Company Limited (LEC) lost the highest 9.98% today.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">In terms of sector indices, only the "Finance Index" closed in red zone. "Trading Index" gained the highest 1.06% while "Investment" gained the least 0.05% today.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Sensitive Index gained 0.28% while Float Index and Sensitive Float Index increased by 0.30% and 0.22% respectively. </span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18640', 'image' => '20230904041452_collage (11).jpg', 'article_date' => '2023-09-04 16:13:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18910', 'article_category_id' => '1', 'title' => 'IPPAN Officials Request Former Ambassador Ranjit Rae to Facilitate Electricity Trade with India', 'sub_title' => '', 'summary' => 'September 4: The Independent Power Producers Association, Nepal (IPPAN) held a discussion with former Indian Ambassador to Nepal Ranjit Rae, urging him to facilitate electricity trade in the Indian market.', '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: The Independent Power Producers Association, Nepal (IPPAN) held a discussion with former Indian Ambassador to Nepal Ranjit Rae, urging him to facilitate electricity trade in the Indian market.</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"">During a programme jointly organized by the ASEAN Institute of Diplomacy and International Affairs (AIDIA) and IPPAN on Sunday, office bearers of IPPAN discussed various issues of Nepal-India electricity trade with former ambassador Rae and apprised him about the problems faced by the private sector hydropower promoters of Nepal due to the electricity trade guidelines and guidelines introduced by the Government of India. .</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"">In response, former ambassador Rae said that since many issues of Nepal and India are related to geopolitics, it is not possible to ignore those issues.</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"">He also made it clear that the power trade guidelines are not something that cannot be changed</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 discussion, IPPAN President Ganesh Karki said that Nepal has prepared a roadmap to produce </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">25,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> megawatts of electricity within the next </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years after Indian Prime Minister, Narendra Modi, announced to import </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> megawatts of electricity from Nepal in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</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"">Shailendra Guragai, the former president of IPPAN, said that the private sector of Nepal had established the Nepex company with the aim of trading electricity with India. He compared Nepex with the PTC of the India and stressed the need for diplomatic initiatives to create an environment where the private sector of Nepal can trade electricity with India’s private sector.</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"">Uttam Lama, the vice president of IPPAN, said that if India enters into a long-term PPA of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">25</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years to purchase electricity from Nepal, the country’s energy sector will attract more investments and the morale of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">500,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> investors in the stock market will also increase.</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 ambassador Rae said that no project can be taken forward if it is not beneficial to both the countries.</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 about Pancheshwar Multipurpose Project, former ambassador Rae said that the construction of this project would cause more damage to India than to Nepal, and there is a situation where many settlements will have to be relocated. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although there is no doubt that both the countries will equally share the electricity from the project at the rate of 50 percent each, the Indian side will get some more benefit in irrigation as there is no arable land in the Nepalese territory, said Rae. He said that Nepal should proceed by taking any other benefits.</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"">Mithun Paudel, a member of IPPAN, said that if India builds a cross-border transmission line between Nepal and India in mountainous areas, it will be easier for Nepal's electricity to be exported to India. In response, former Ambassador Rae said that this matter is positive and requested to bring such a proposal from the Nepalese government.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18639', 'image' => '20230904040249_1693818837.jpg', 'article_date' => '2023-09-04 16:02:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18909', 'article_category_id' => '1', 'title' => 'NAC Resumes Flight Service to Suketar after Three Months, Reduces Airfare', 'sub_title' => '', 'summary' => 'September 4: Nepal Airlines Corporation (NAC) has resumed its services to Suketar from Kathmandu after three months.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 4: Nepal Airlines Corporation (NAC) has resumed its services to Suketar from Kathmandu after three months. The NAC flight to Taplejung, a mountainous district in Koshi Province, had remained halted since June 7 due to adverse weather conditions during the monsoon season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sachin Tiwari, the chief of Suketar Airport, confirmed that flights have been regularised since Monday. The NAC aircraft landed in Suketar after three months, carrying six passengers from Kathmandu and returned with one passenger on board. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the flight schedule, NAC will now provide services on the Kathmandu-Suketar route thrice a week, on Mondays, Thursdays, and Saturdays as before. Suketar Airport, situated at an elevation of around 1,800 meters, frequently experiences visibility issues during the rainy season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, the NAC has revised its transportation fare. The fare for the Kathmandu-Taplejung route has been reduced to Rs 8,600 per flight from the previous rate of Rs 9,653. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the fare from Taplejung to Kathmandu has been reduced to Rs 8,400 from the previous Rs 9,453. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the improvement in weather conditions and the onset of the festive season, the airport expects the continuity of flights and plenty of passengers. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18638', 'image' => '20230904012553_suketar airport anil shrestha facebook1660907037.jpg', 'article_date' => '2023-09-04 13:25:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18908', 'article_category_id' => '1', 'title' => ''Cooperation with Private Sector Essential for Economic Diplomacy' ', 'sub_title' => '', 'summary' => 'September 4: Speakers at a programme on Sunday stressed the need for cooperation between the private sector and the Nepali diplomatic missions for promotion of foreign investment and export. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 4: Speakers at a programme on Sunday stressed the need for cooperation between the private sector and the Nepali diplomatic missions for promotion of foreign investment and export. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a discussion organized by the FNCCI on 'Cooperation between Nepali embassies and private sector for economic diplomacy' on Sunday, the speakers said that the Nepali missions abroad could cooperate with the private sector for effective economic diplomacy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing the discussion, Foreign Minister NP Saud said that the private sector plays a major role on export promotion, tourism development and attraction of foreign investment. He urged the Nepali ambassadors appointed to different countries to collaborate with the private sector for the country's development and prosperity. Both domestic and foreign investments are imperative for Nepal, he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Advisor to the National Security Council and former chief secretary Shankar Das Bairagi suggested that diplomatic missions could expand their ambit and work in alliance with the private sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Chief Secretary Baikuntha Aryal opined that the multilateral bodies could be approached for expanding economic diplomacy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Secretary Arjun Pokhrel said the government would allocate budget for expanding economic diplomacy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Secretary at the Ministry of Commerce, Madhu Marasini, Nepal needs to augment its role in WTO. Time has come to analyze the impact of the country getting graduated from LDC, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Secretary at the Ministry of Labour, Employment and Social Security, Kewal Prasad Bhandari, suggested that 'economic diplomacy' should be termed as 'labour diplomacy'. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">FNCCI President Chandra Prasad Dhakal said if Nepali missions abroad show willingness for change, it would help boost the country's economy. "In the emerging and developing countries, ambassadors are evaluated based on their roles on expansion of trade and promotion of investment and tourism," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking on behalf of the newly appointed ambassadors, Nepal’s Ambassador to Thailand, Dhan Bahadur Oli, said they were ready to listen to the private sector’s suggestion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former President of FNCCI, Shekhar Golchha, said all sorts of opportunities should be created for expanding entrepreneurship and business. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18637', 'image' => '20230904011301_Diplomacy_in_Economic_Development_event_photo_email.jpg', 'article_date' => '2023-09-04 13:12:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18907', 'article_category_id' => '1', 'title' => 'Indigenous Crop Varieties Nearing Extinction in Large Scale in Myagdi ', 'sub_title' => '', 'summary' => 'September 4: Myagdi, a district rich in genetic resources and biological diversities has reported the potential disappearance of 97 varieties of indigenous crops from its rural 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 4: Myagdi, a district rich in genetic resources and biological diversities has reported the potential disappearance of 97 varieties of indigenous crops from its rural areas. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Agriculture Knowledge Centre Myagdi has reported the loss of these valuable resources including indigenous, high-altitude herbs, flowers and plants of high biological importance in the district. The centre said the use of imported hybrid seeds is one of the reasons for the decline in indigenous crops. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A wide range of crops including indigenous winter crops, pulses, fruits, seeds, and grains such as junelo (sorghum), silam (perilla), multiple types of rice -- aanga, marsi, gudura, gauriya, and ghaiya (upland rice) and uwa (naked barley) face the increased risk of extinction. This worrying trend has begun since a decade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chandra Bahadur Karki, a local farmer, pointed out the lack of government programmes aimed at encouraging farmers to protect indigenous crops. Official data reveals that 97 indigenous crop varieties are currently at risk of extinction in the district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The use of imported seeds has been dominant over locally produced seeds. Traditionally, seeds of crops like pumpkin, cucumber, and bottle gourds were stored on house walls for the next planting season, but this practice has now disappeared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Farmers have stopped reserving the local seeds for the future use. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Though the government plans to promote indigenous crops such as millet, kaguno (foxtail millet), the import of unhusked rice, millet and rice from various countries including India is increasing each year, according to the center's former chief Kiran Sigdel. The tradition of consumption of millet-based products has significantly decreased in the area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Buckwheat, barley, and foxtail products are now rarely prepared or consumed in the area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Production is done as per the requirement while its commercial production has been disappearing, said Shobhit Sharma, a farmer of Jyamarukot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Sigdel, farmers have stopped growing crops like millet, buckwheat and foxtail millet. "The government has managed subsidy for farmers to grow indigenous crops. But farmers are unaware about it," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Hybrid vegetable seeds have been displacing indigenous crops, observed agricultural scientist Tika Bahadur Karki. Farmers seem not interested in indigenous crops despite the government giving priority to the crops through the Prime Minister Agriculture Modernisation Project, he said. For an instance, waxy corn imported from China has been displacing indigenous variety of corn of Nepal, he said. This variety of corn is imported in large amount as it tastes sweet when consumed after boiling it. It has been around 12 years since its import took place, and it is found especially in restaurants of Nepal, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although crops including millet, corn and wheat are considered the fourth important crops in Nepal, their production has been declining, said the centre. Millet farming makes up 7.7 percent of the total crop farming of the country, according to available data. The crop is produced especially in Myagdi, Khotang, Sindhupalchok, Baglung, Syangja, Kaski, Okhaldhunga, Gorkha and Sindhuli districts. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18636', 'image' => '20230904120946_20230116032506_120238810_2409742145996788_1009834206072561128_n.jpg', 'article_date' => '2023-09-04 12:09:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18906', 'article_category_id' => '1', 'title' => 'Standard Chartered Bank Appoints Md Yasir Arafin as Chief Financial Officer', 'sub_title' => '', 'summary' => 'September 4: Standard Chartered Bank Nepal Limited has appointed Md Yasir Arafin as the bank’s chief financial officer.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 4: Standard Chartered Bank Nepal Limited has appointed Md Yasir Arafin as the bank’s chief financial officer. In his previous role, Arafin was leading the CCIB Business Finance Team of Standard Chartered Bank in Bangladesh, the bank said in a statement issued on Sunday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">With over 15 years of experience in leading MNCs and local banks in Bangladesh, he is an expert in budgeting and forecasting, quantitative and qualitative analysis, KPI monitoring, RWA optimisation and RoTE related decisions, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prior to this, Yasir was the head of Business Planning and Analysis (Senior Vice President) in BRAC Bank Ltd, Dhaka, Bangladesh from 2016 to 2021). He also worked as a senior manager, finance at Standard Chartered Bank, Bangladesh looking after Balance Sheet and Performance Management from 2010 to 2016, said the bank. According to Standard Chartered Bank, Arafin began his banking career working with BASIC Bank Ltd, Dhaka.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Arafin completed his MBA from University of Dhaka, Bangladesh. He is a Fellow Cost and Management Accountant from Bangladesh and Associate Chartered Certified Accountant from ACCA-UK. </span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18635', 'image' => '20230904113249_scb.jpg', 'article_date' => '2023-09-04 11:31:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18905', 'article_category_id' => '1', 'title' => 'Heavy Rainfall Likely Today ', 'sub_title' => '', 'summary' => 'September 4: The axis of the monsoon trough now lies close to the Himalayan foothills, according to the Weather Forecasting Division.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 4: The axis of the monsoon trough now lies close to the Himalayan foothills, according to the Weather Forecasting Division. The division shared that rainfall is taking place in most of the areas of the country due to the partial influence of the low pressure line developed in the north-east part of the Bay of Bengal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">General changes in the weather are occurring in Gandaki and Lumbini provinces now while partial to general changes are taking place at a few areas of the remaining provinces. Light to moderate rain with thunder and lightning has been occurring at a few places of Koshi Madesh, Bagmati, Karnali and Sudurpaschim provinces since Monday morning. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Partial to general changes in weather will take place later today, the division said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Light to moderate rain is predicted at a few places of Koshi, Madhes, Gandaki and Lumbini provinces and some limited areas of other provinces. Heavy rainfall with thunder and lightning is likely to take place at one or two areas of Koshi, Madhesh, Bagmati and Lumbini provinces. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Kathmandu Valley has witnessed changes in weather conditions since early this morning. Rainfall is also predicted in the valley later today. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18634', 'image' => '20230904111644_rain.jpeg', 'article_date' => '2023-09-04 11:15:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18904', 'article_category_id' => '1', 'title' => 'Chukeni Hydropower Project Enters the Final Construction Stage', 'sub_title' => '', 'summary' => 'The Chukeni hydropower project, located in Gadigaon of Patarasi rural municipality-1 in Jumla, has entered its final construction phase. The project, considered a source of pride for the district, is on track to be completed by December, according to Janamaya Rokaya, the vice-chair of the rural municipality.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 4: The Chukeni hydropower project, located in Gadigaon of Patarasi rural municipality-1 in Jumla, has entered its final construction phase. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The project, considered a source of pride for the district, is on track to be completed by December, according to Janamaya Rokaya, the vice-chair of the rural municipality.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To assess the project's progress, a team, including Devendra Bahadur Shahi, a member of the Karnali Provincial Assembly, visited the project site last Friday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Engineer Dinesh Thapalia from the Alternative Energy Promotion Centre reported that 85 percent of the power generation and line extension work for the Chukeni project has already been accomplished. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, it will still take another year for the project's generated power to reach households.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The APEC has invested Rs 310 million while the rural municipality and local people have invested Rs 130 million for the project. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> President of Chukenikhola Cooperatives Society, Gor Bahadur Budha, said that the people have invested Rs. 60 million through shares in the project</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Patarasi Rural Municipality, the Chukeni hydropower project will have a capacity of 998 kilowatts. </span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18633', 'image' => '20230904055854_collage (1).jpg', 'article_date' => '2023-09-04 05:57:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '18903', 'article_category_id' => '1', 'title' => 'Nepal Failed to Capitalize on its Export Opportunities: Experts', 'sub_title' => '', 'summary' => 'September 3: Stakeholders said that Nepal has failed to fully capitalize on its export opportunities within its immediate neighbourhood despite tremendous potential due to its limitations in production capacity and supply-side issues as well as various tariff, non-tariff and para-tariff barriers imposed by the destination countries.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">September 3: Stakeholders said that Nepal has failed to fully capitalize on its export opportunities within its immediate neighbourhood despite tremendous potential due to its limitations in production capacity and supply-side issues as well as various tariff, non-tariff and para-tariff barriers imposed by the destination countries.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif""> Experts, during a discussion organized by South Asia Watch on Trade, Economics and Environment (SAWTEE) on Friday, emphasized the need to address these challenges in order to boost regional trade—be it merchandize, service or electricity. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Issuing a statement on September 1, SAWTEE said that the discussion programme titled “Nepal’s regional trade: Prospects and challenges” was a part of the seminar on Small State Capabilities: Navigating Competition and Foreign Policy Priorities in Nepal, led by the Asia Foundation (TAF). </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to SAWTEE, the deliberation mostly concentrated on Nepal’s trade with Bangladesh and India and the prospects of diversifying existing merchandise trade into electricity trade as well. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“Nepal's heavy reliance on India for its exports and trade is evident, while its trade activities with countries beyond India remain lackluster,” reads the statement.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">A study conducted by SAWTEE on Nepal-Bangladesh trade has found that Nepal's exports to Bangladesh have mainly centered on agricultural products, with lentils making up approximately 90 percent of exports over the past five years.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As Nepal moves closer to graduating from the Least Developed Country (LDC) status, it becomes crucial to explore alternative markets to mitigate the impact of tariff increment in some of its major trade destinations, the experts suggested. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In this context, there exists substantial potential to strengthen bilateral trade ties with Bangladesh, said Kshitiz Dahal, senior research officer of SAWTEE, during his presentation.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He argued that while non-tariff barriers do exist, it is the tariff/para-tariff barriers that constrain Nepal’s export to Bangladesh. Dahal, the author of the report, said that a Preferential Trade Agreement (PFA) could remove this constraint but there are various challenges to successfully conducting a PTA.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Rabi Shanker Sainju, former joint secretary at the Ministry of Industry, Commerce and Supplies, pointed out that the time to trade with China via the land route is much lower than via the sea route for which he recommended that the constraints to utilizing the land route be addressed. Furthermore, he emphasized that despite the close geographical proximity, the trade costs between Nepal and its neighbouring countries are high. The high trade cost remains a barrier for Nepal even though there is substantial market potential in these countries, he added.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">With regard to the prospect of electricity export from Nepal to India and Bangladesh, Dipak Gyawali, former minister for water resources, pointed out that rather than direct export of electricity, Nepal is better off exporting goods by using electricity to power its own factories. He pointed out the growing regulatory barriers imposed by India on electricity purchase from Nepal as well as Nepal’s higher cost of generation that do not make electricity export conducive.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif""> Former member of the National Planning Commission and former ambassador to India, Dr Durgesh Man Singh, highlighted that initiatives at the highest political level between Nepal and India during the 1990s saw bilateral trade and investment flourish in a meaningful manner. He suggested that stakeholder consultations between the central government of Nepal and Bangladesh should be mobilized to enhance trade and investment.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Bhawani Rana, former president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), drew the attention towards shrinking Indian investment in Nepal. She urged that it’s high time that Nepal tapped into the huge market in the bordering states of India. According to Rana, despite huge potential for trade, Nepal’s exports to China are impeded due to infrastructure and logistics constraints. She recommended a coordinated effort from the private sector, government agencies, policymakers, and political parties to enhance trade and exports.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Neeru Rayamajhi Khatri, president of the Federation of Woman Entrepreneurs’ Association of Nepal (FWEAN), said that there are high-value with huge export potential produced by women entrepreneurs mostly engaged in MSMEs comprising agro-forestry-based products including pickles, snacks, handicrafts, felt, paper, textiles, pashmina, rudraksha, among others. She suggested that proactive actions from Nepali diplomatic missions are needed to promote Nepali products in the region.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Satish Joshi, director of VRock and Company Pvt Ltd, expressed the inevitability of trade in electricity for Nepal, taking into account the climate and environmental perspectives and said that Nepal will have a surplus even after meeting its own demands.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The event saw the participation of around five dozen participants, including trade experts, policymakers, academicians, freight forwarders, and civil society, according to SAWTEE.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-03', 'modified' => '2023-09-03', 'keywords' => '', 'description' => '', 'sortorder' => '18632', 'image' => '20230903044809_IMG_1053.jpeg', 'article_date' => '2023-09-03 16:47:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18902', 'article_category_id' => '1', 'title' => 'DDA Directs Stakeholders to Put Red Line on the Label of Antibiotics', 'sub_title' => '', 'summary' => 'September 3: The Department of Drug Administration (DDA) has directed all stakeholders to put a red line on the label of antibiotics. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 3: The Department of Drug Administration (DDA) has directed all stakeholders to put a red line on the label of antibiotics. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">DDA Director General Narayan Prasad Dhakal said the directive to mark the label of antibiotics with red lines has been issued so that the consumers will not take these drugs without the doctor’s prescription. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The consumers should take the medicines with red lines on their label only on the recommendation of the doctor. We have conducted a campaign for putting red lines on the label of antibiotics so that people will not take such medicines at their will," he said, adding that people will be warned not to take medicines having red lines on their label in careless manner.”</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DDA Director General reiterated that the campaign is also for informing the consumers that the medicine with red lines on their label is antibiotic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DDA has directed the pharmaceutical industries and drugs importers to mandatorily print red lines on the label of antibiotics once the current stock is finished. It has also instructed the manufacturers and importers to use the red marks on antibiotics to be manufactured six months after this decision was made. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is stated that the provision of marking the label of antibiotics with red lines has been enforced so that the medicine users and non-medical health care staff, among others can easily identify the antibiotics and their use. This provision is in line with the international practice aimed at minimizing the use of antibiotics because of the resistance of infection due to misuse of such medicines. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">--- </span></span></span></p> ', 'published' => true, 'created' => '2023-09-03', 'modified' => '2023-09-03', 'keywords' => '', 'description' => '', 'sortorder' => '18631', 'image' => '20230903032259_anti.jpg', 'article_date' => '2023-09-03 15:22:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18900', 'article_category_id' => '1', 'title' => 'NRB Issues Development Bonds worth Rs 35.85 Billion within 3 Weeks', 'sub_title' => '', 'summary' => 'September 3: The government, which raised internal debt since the beginning of the current fiscal year, has raised Rs 35.85 billion in internal debt within three weeks.', '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 3: The government, which raised internal debt since the beginning of the current fiscal year, has raised Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35.85</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in internal debt within three weeks.</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"">Last year, the government raised such loan only in October, but now it has been raising internal debt from July, saying that the interest will be expensive later. The government's target is to raise domestic debt of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">240</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in this fiscal year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Prior to this, the central bank had issued development bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion with maturity period of six years on August 28.</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"">Banks, financial institutions, non-banking financial institutions, insurance companies, organized institutions and even ordinary citizens bought the development bonds.</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"">Before that, development bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion each were issued on August 3 and August 13 and bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.84</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion on August 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"">Nepal Rastra Bank is again issuing bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion on September 11.</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 that, it has scheduled to issue bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion each on October 2, November 3, November 29 and December 13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","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 interest rate of the bonds issued by the central bank has been determined through negotiation. Interest is paid semi-annually. Provision has been made that loans can be taken/given by keeping these bonds as collateral. There is a provision that banks, financial institutions, non-banking financial institutions, insurance companies, organized institutions and Nepali citizens can purchase the bonds. </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"">Looking at the situation of the current fiscal year, it seems that the income of the government has decreased compared to the previous year. As of September 1, the government has collected more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">90</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.99 billion in taxes. The data of the Financial Comptroller General's Office show that the government collected taxes worth more than Rs </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"">0</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"">.13 billion during this period last year. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">By September 1 of the current fiscal year, the government has spent more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">68</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">19 billion. In the corresponding period last year, Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">51.59</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"">Although the government's income has decreased compared to last year, it seems that the expenditure has increased. However, the government has not stopped raising domestic debt. </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"">Sources at the Ministry of Finance say that this process will continue. "We have the obligation to pay the public debt we have taken including a large amount of interest in the coming days," said a senior official of the ministry. The government of Nepal has been taking internal loans as a source to fund the inadequate finance for economic development.</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 of September 1 in the current year, the government has spent more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">32</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.83</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion under the heading of financial management.</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 is the cost of interest paid on the public debt. Finance ministry officials say that since the price of the dollar has also increased compared to the previous year, it is affecting the payment of interest of foreign loans.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-03', 'modified' => '2023-09-03', 'keywords' => '', 'description' => '', 'sortorder' => '18630', 'image' => '20230903022728_1693705063.jpg', 'article_date' => '2023-09-03 14:26:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18915', 'article_category_id' => '1', 'title' => 'India Registers Thumping 10-Wicket Victory Over Nepal in Rain-Delayed Asia Cup Match', 'sub_title' => '', 'summary' => 'September 4: India defeated Nepal by a crushing ten wickets in their Asia Cup match, which was interrupted twice by rainfall on Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 4: India defeated Nepal by a crushing ten wickets in their Asia Cup match, which was interrupted twice by rainfall on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chasing a victory target of 231 runs set by debutant Nepal, India had achieved the revised target of 147 runs in 20.1 overs with 17 balls to spare without losing any wicket.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Skipper Rohit Sharma scored 74 runs while Shubman Gill contributed 67 runs as India cruised to victory in the match which was revised to 23 overs in India’s innings under the Duckworth-Lewis method.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Earlier, Nepal had posted a total of 230 runs in 48.2 overs playing its only second one-day international (ODI) match and first against India in Pallekele cricket stadium. Nepal were all out with 10 balls to spare. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Put into bat first after losing the toss, Nepal started well scoring briskly to post 65 runs for the first wicket, before Kushal Burtel was out in the penultimate ball of the 10th over. Since then, Bhim Sarki, captain Rohit Paudel and Kushal Malla went out cheaply, with none of them reaching double digits. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Aasif Sheikh scored 58 runs in 97 balls being before out caught to Mohammad Siraj. Gulshan Jha scored 23 runs in 35 balls. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dipendra Singh Airee and Sompal Kami steadied the innings down the order, putting up a 50-run partnership in 55 balls for the 7th wicket. Sompal missed on a deserved half century, out caught behind to Mohammad Sami, scoring 48 runs in 56 balls, including 2 sixes. Airee contributed 29 runs in 25 balls. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">For India, Rabindra Jadeja took 3 wickets while Mohammad Siraj took 2 wickets and Shardul Thakur, Mohammad Sami and Hardik Pandya took 1 wicket each. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the second match that Nepal is playing in the Asia Cup 2023. In the first match held in Multan, Pakistan, Nepal lost to the hosts by 238 runs. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first ever international match between neighbours Nepal and India, and only second international match that Nepal is playing in its ODI history. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The 50-over tournament is a tune-up for the upcoming ODI World Cup in India but rain has played a spoiling role, forcing organisers to discuss a venue change for upcoming matches in Colombo, AFP reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India's opening match against Pakistan was abandoned due to rain after one innings. A win or a washout against Nepal would qualify the Asian giants for the Super Four stage. – RSS/AFP</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-05', 'keywords' => 'India, Nepal, Asia, Cup, Sri, Lanka, cricket, Rohit, Sharma', 'description' => '', 'sortorder' => '18644', 'image' => '20230904115314_818985-01-02.jpg', 'article_date' => '2023-09-04 23:52:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18913', 'article_category_id' => '1', 'title' => 'Rain Delays Nepal Vs India Match in Asia Cup, Game Revised to 23 Overs after Play Resumed', 'sub_title' => '', 'summary' => 'September 4: The Asia Cup match between Nepal and India being held in Sri Lanka was interrupted twice by rainfall on Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 4: The Asia Cup match between Nepal and India being held in Sri Lanka was interrupted twice by rainfall on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chasing a victory target of 231 runs set by debutant Nepal, India had scored 17 runs in 2.1 overs when rain stopped the match. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Skipper Rohit Sharma, on four, and Shubman Gill, on 12, were batting when rain interrupted play for the second time in the match after a 60-minute break during the Nepal innings.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">After a brief interruption, the match resumed and was revised to 23 overs in the second innings.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Earlier, Nepal had posted a total of 230 runs in 48.2 overs playing its only second international match and first against India in Pallekele cricket stadium. Nepal were all out with 10 balls to spare. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Put into bat first after losing the toss, Nepal started well scoring briskly to post 65 runs for the first wicket, before Kushal Burtel was out in the penultimate ball of the 10th over. Since then, Bhim Sarki, captain Rohit Paudel and Kushal Malla went out cheaply, with none of them reaching double digits. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Aasif Sheikh scored 58 runs in 97 balls being before out caught to Mohammad Siraj. Gulshan Jha scored 23 runs in 35 balls. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dipendra Singh Airee and Sompal Kami steadied the innings down the order, putting up a 50-run partnership in 55 balls for the 7th wicket. Sompal missed on a deserved half century, out caught behind to Mohammad Sami, scoring 48 runs in 56 balls, including 2 sixes. Airee contributed 29 runs in 25 balls. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">For India, Rabindra Jadeja took 3 wickets while Mohammad Siraj took 2 wickets and Shardul Thakur, Mohammad Sami and Hardik Pandya took 1 wicket each. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the second match that Nepal is playing in the Asia Cup 2023. In the first match held in Multan, Pakistan, Nepal lost to the hosts by 238 runs. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first ever international match between neighbours Nepal and India, and only second international match that Nepal is playing in its ODI history. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The 50-over tournament is a tune-up for the upcoming ODI World Cup in India but rain has played a spoiling role, forcing organisers to discuss a venue change for upcoming matches in Colombo, AFP reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India's opening match against Pakistan was abandoned due to rain after one innings. A win or a washout against Nepal would qualify the Asian giants for the Super Four stage. – RSS/AFP</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18643', 'image' => '20230904113107_819229-01-02.jpg', 'article_date' => '2023-09-04 23:30:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18914', 'article_category_id' => '1', 'title' => 'MP Yadav Arrested on Murder Charge', 'sub_title' => '', 'summary' => 'September 4: Police have arrested province assembly member of Madesh Province, Anirudh Kumar Singh Yadav, on the charge of murder on Monday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 4: Police have arrested province assembly member of Madesh Province, Anirudh Kumar Singh Yadav, on the charge of murder on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The independent candidate Yadav was elected as the PA member from Saptari Constituency 4(2). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the District Police Office, Saptari, Yadav was arrested from Rajbiraj on the charge of abducting and then murdering Govinda Chaudhary, 32, of Khoksar Prabaha VDC-1 of Saptari district on June 23, 2007. The PA member had been absconding after the incident. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Govinda's sister, Rita Kumari Chaudhary, had filed a case against nine people including Yadav at the District Police Office, Saptari on June 28, 2007. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Superintendent of Police, Naresh Kumar Singh, said District Court Saptari has extended Yadav's custody for few more days for investigation. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18642', 'image' => '20230904113614_blank - Copy.jpg', 'article_date' => '2023-09-04 23:35:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18912', 'article_category_id' => '1', 'title' => 'Country's Economy on Positive Track: FinMin Mahat', 'sub_title' => '', 'summary' => 'Finance Minister Dr Prakash Sharan Mahat said the country's economy is on a positive track.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 4: Finance Minister Dr Prakash Sharan Mahat said the country's economy is on a positive track.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">while inaugurating the annual general meeting of the Pokhara Tourism Council (PTC) in Pokhara today, the state of the economy is not disappointing, said Mahat.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Mahat stressed that country’s economy was resilient despite facing 2015 earthquake and subsequent COVID-19.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Negativity only decrease confidence, and there is no need to be disappointed about the country's economy as revenue collection has improved compared to the last year, Mahat sounded optimistic. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Stating that the government was proactive in resolving problems facing the economy, the minister expressed confidence that capital expenditure would take place effectively.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Saying tourism has been taken as an important base for prosperity, Mahat stressed the need for making Pokhara as a transit of tourism, which he said would increase tourism activities. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, Minister for Industry, Tourism, Forest and Environment of Gandaki Province, Dipendra Bahadur Thapa said the provincial and federal governments had focused on the operation of international flights from the Pokhara International Airport. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The PTC President Pom Narayan Shrestha said Indian tourists were facing problem in the exchange of Indian bank notes of 500, thus affecting their inflow. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Drawing the attention of the concerned authority to non-operation of international flights from the Pokhara International Airport, he said the delay in the construction of the Pokhara-Muglin road has directly affected Pokhara's tourism. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18641', 'image' => '20230904054721_collage (12).jpg', 'article_date' => '2023-09-04 17:46:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '18911', 'article_category_id' => '1', 'title' => 'Bears in NEPSE Pause', 'sub_title' => '', 'summary' => 'There was a pause on the continuous fall in the Nepal Stock Exchange (NEPSE) Index on the second trading day of the week, Monday.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">September 4: There was a pause on the continuous fall in the Nepal Stock Exchange (NEPSE) Index on the second trading day of the week, Monday. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">The benchmark Index posted gains of 7.04 points or 0.35% and closed at 1967.83 points today. </span></span></span><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Despite the market’s single digit rise, the turnover amount dipped. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Seasoned investors and experts attribute the bearish trend in the market for the negative psychology prevalent among the investors. As a result of this, the market has failed to pick up the momentum. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">During today's trading, a total of 270 scrips exchanged their hands through 32,533 transactions. </span></span></span><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">As many as 3,432,267 shares were traded, amounting to Rs 1.09 billion. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">IME Life Insurance Company Limited (ILI) recorded the highest turnover of Rs. 5.28 crores and closed at a market price of Rs. 559. The shares of GBIMEP traded the most.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Similarly, Three Star Hydropower Limited (TSHL) gained the highest 10%, hitting the upper circuit for the day. </span></span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Meanwhile, Liberty Energy Company Limited (LEC) lost the highest 9.98% today.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">In terms of sector indices, only the "Finance Index" closed in red zone. "Trading Index" gained the highest 1.06% while "Investment" gained the least 0.05% today.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Sensitive Index gained 0.28% while Float Index and Sensitive Float Index increased by 0.30% and 0.22% respectively. </span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18640', 'image' => '20230904041452_collage (11).jpg', 'article_date' => '2023-09-04 16:13:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18910', 'article_category_id' => '1', 'title' => 'IPPAN Officials Request Former Ambassador Ranjit Rae to Facilitate Electricity Trade with India', 'sub_title' => '', 'summary' => 'September 4: The Independent Power Producers Association, Nepal (IPPAN) held a discussion with former Indian Ambassador to Nepal Ranjit Rae, urging him to facilitate electricity trade in the Indian market.', '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: The Independent Power Producers Association, Nepal (IPPAN) held a discussion with former Indian Ambassador to Nepal Ranjit Rae, urging him to facilitate electricity trade in the Indian market.</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"">During a programme jointly organized by the ASEAN Institute of Diplomacy and International Affairs (AIDIA) and IPPAN on Sunday, office bearers of IPPAN discussed various issues of Nepal-India electricity trade with former ambassador Rae and apprised him about the problems faced by the private sector hydropower promoters of Nepal due to the electricity trade guidelines and guidelines introduced by the Government of India. .</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"">In response, former ambassador Rae said that since many issues of Nepal and India are related to geopolitics, it is not possible to ignore those issues.</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"">He also made it clear that the power trade guidelines are not something that cannot be changed</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 discussion, IPPAN President Ganesh Karki said that Nepal has prepared a roadmap to produce </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">25,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> megawatts of electricity within the next </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years after Indian Prime Minister, Narendra Modi, announced to import </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> megawatts of electricity from Nepal in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</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"">Shailendra Guragai, the former president of IPPAN, said that the private sector of Nepal had established the Nepex company with the aim of trading electricity with India. He compared Nepex with the PTC of the India and stressed the need for diplomatic initiatives to create an environment where the private sector of Nepal can trade electricity with India’s private sector.</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"">Uttam Lama, the vice president of IPPAN, said that if India enters into a long-term PPA of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">25</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years to purchase electricity from Nepal, the country’s energy sector will attract more investments and the morale of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">500,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> investors in the stock market will also increase.</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 ambassador Rae said that no project can be taken forward if it is not beneficial to both the countries.</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 about Pancheshwar Multipurpose Project, former ambassador Rae said that the construction of this project would cause more damage to India than to Nepal, and there is a situation where many settlements will have to be relocated. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although there is no doubt that both the countries will equally share the electricity from the project at the rate of 50 percent each, the Indian side will get some more benefit in irrigation as there is no arable land in the Nepalese territory, said Rae. He said that Nepal should proceed by taking any other benefits.</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"">Mithun Paudel, a member of IPPAN, said that if India builds a cross-border transmission line between Nepal and India in mountainous areas, it will be easier for Nepal's electricity to be exported to India. In response, former Ambassador Rae said that this matter is positive and requested to bring such a proposal from the Nepalese government.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18639', 'image' => '20230904040249_1693818837.jpg', 'article_date' => '2023-09-04 16:02:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18909', 'article_category_id' => '1', 'title' => 'NAC Resumes Flight Service to Suketar after Three Months, Reduces Airfare', 'sub_title' => '', 'summary' => 'September 4: Nepal Airlines Corporation (NAC) has resumed its services to Suketar from Kathmandu after three months.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 4: Nepal Airlines Corporation (NAC) has resumed its services to Suketar from Kathmandu after three months. The NAC flight to Taplejung, a mountainous district in Koshi Province, had remained halted since June 7 due to adverse weather conditions during the monsoon season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sachin Tiwari, the chief of Suketar Airport, confirmed that flights have been regularised since Monday. The NAC aircraft landed in Suketar after three months, carrying six passengers from Kathmandu and returned with one passenger on board. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the flight schedule, NAC will now provide services on the Kathmandu-Suketar route thrice a week, on Mondays, Thursdays, and Saturdays as before. Suketar Airport, situated at an elevation of around 1,800 meters, frequently experiences visibility issues during the rainy season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, the NAC has revised its transportation fare. The fare for the Kathmandu-Taplejung route has been reduced to Rs 8,600 per flight from the previous rate of Rs 9,653. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the fare from Taplejung to Kathmandu has been reduced to Rs 8,400 from the previous Rs 9,453. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the improvement in weather conditions and the onset of the festive season, the airport expects the continuity of flights and plenty of passengers. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18638', 'image' => '20230904012553_suketar airport anil shrestha facebook1660907037.jpg', 'article_date' => '2023-09-04 13:25:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18908', 'article_category_id' => '1', 'title' => ''Cooperation with Private Sector Essential for Economic Diplomacy' ', 'sub_title' => '', 'summary' => 'September 4: Speakers at a programme on Sunday stressed the need for cooperation between the private sector and the Nepali diplomatic missions for promotion of foreign investment and export. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 4: Speakers at a programme on Sunday stressed the need for cooperation between the private sector and the Nepali diplomatic missions for promotion of foreign investment and export. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a discussion organized by the FNCCI on 'Cooperation between Nepali embassies and private sector for economic diplomacy' on Sunday, the speakers said that the Nepali missions abroad could cooperate with the private sector for effective economic diplomacy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing the discussion, Foreign Minister NP Saud said that the private sector plays a major role on export promotion, tourism development and attraction of foreign investment. He urged the Nepali ambassadors appointed to different countries to collaborate with the private sector for the country's development and prosperity. Both domestic and foreign investments are imperative for Nepal, he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Advisor to the National Security Council and former chief secretary Shankar Das Bairagi suggested that diplomatic missions could expand their ambit and work in alliance with the private sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Chief Secretary Baikuntha Aryal opined that the multilateral bodies could be approached for expanding economic diplomacy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Secretary Arjun Pokhrel said the government would allocate budget for expanding economic diplomacy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Secretary at the Ministry of Commerce, Madhu Marasini, Nepal needs to augment its role in WTO. Time has come to analyze the impact of the country getting graduated from LDC, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Secretary at the Ministry of Labour, Employment and Social Security, Kewal Prasad Bhandari, suggested that 'economic diplomacy' should be termed as 'labour diplomacy'. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">FNCCI President Chandra Prasad Dhakal said if Nepali missions abroad show willingness for change, it would help boost the country's economy. "In the emerging and developing countries, ambassadors are evaluated based on their roles on expansion of trade and promotion of investment and tourism," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking on behalf of the newly appointed ambassadors, Nepal’s Ambassador to Thailand, Dhan Bahadur Oli, said they were ready to listen to the private sector’s suggestion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former President of FNCCI, Shekhar Golchha, said all sorts of opportunities should be created for expanding entrepreneurship and business. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18637', 'image' => '20230904011301_Diplomacy_in_Economic_Development_event_photo_email.jpg', 'article_date' => '2023-09-04 13:12:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18907', 'article_category_id' => '1', 'title' => 'Indigenous Crop Varieties Nearing Extinction in Large Scale in Myagdi ', 'sub_title' => '', 'summary' => 'September 4: Myagdi, a district rich in genetic resources and biological diversities has reported the potential disappearance of 97 varieties of indigenous crops from its rural 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 4: Myagdi, a district rich in genetic resources and biological diversities has reported the potential disappearance of 97 varieties of indigenous crops from its rural areas. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Agriculture Knowledge Centre Myagdi has reported the loss of these valuable resources including indigenous, high-altitude herbs, flowers and plants of high biological importance in the district. The centre said the use of imported hybrid seeds is one of the reasons for the decline in indigenous crops. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A wide range of crops including indigenous winter crops, pulses, fruits, seeds, and grains such as junelo (sorghum), silam (perilla), multiple types of rice -- aanga, marsi, gudura, gauriya, and ghaiya (upland rice) and uwa (naked barley) face the increased risk of extinction. This worrying trend has begun since a decade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chandra Bahadur Karki, a local farmer, pointed out the lack of government programmes aimed at encouraging farmers to protect indigenous crops. Official data reveals that 97 indigenous crop varieties are currently at risk of extinction in the district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The use of imported seeds has been dominant over locally produced seeds. Traditionally, seeds of crops like pumpkin, cucumber, and bottle gourds were stored on house walls for the next planting season, but this practice has now disappeared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Farmers have stopped reserving the local seeds for the future use. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Though the government plans to promote indigenous crops such as millet, kaguno (foxtail millet), the import of unhusked rice, millet and rice from various countries including India is increasing each year, according to the center's former chief Kiran Sigdel. The tradition of consumption of millet-based products has significantly decreased in the area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Buckwheat, barley, and foxtail products are now rarely prepared or consumed in the area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Production is done as per the requirement while its commercial production has been disappearing, said Shobhit Sharma, a farmer of Jyamarukot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Sigdel, farmers have stopped growing crops like millet, buckwheat and foxtail millet. "The government has managed subsidy for farmers to grow indigenous crops. But farmers are unaware about it," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Hybrid vegetable seeds have been displacing indigenous crops, observed agricultural scientist Tika Bahadur Karki. Farmers seem not interested in indigenous crops despite the government giving priority to the crops through the Prime Minister Agriculture Modernisation Project, he said. For an instance, waxy corn imported from China has been displacing indigenous variety of corn of Nepal, he said. This variety of corn is imported in large amount as it tastes sweet when consumed after boiling it. It has been around 12 years since its import took place, and it is found especially in restaurants of Nepal, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although crops including millet, corn and wheat are considered the fourth important crops in Nepal, their production has been declining, said the centre. Millet farming makes up 7.7 percent of the total crop farming of the country, according to available data. The crop is produced especially in Myagdi, Khotang, Sindhupalchok, Baglung, Syangja, Kaski, Okhaldhunga, Gorkha and Sindhuli districts. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18636', 'image' => '20230904120946_20230116032506_120238810_2409742145996788_1009834206072561128_n.jpg', 'article_date' => '2023-09-04 12:09:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18906', 'article_category_id' => '1', 'title' => 'Standard Chartered Bank Appoints Md Yasir Arafin as Chief Financial Officer', 'sub_title' => '', 'summary' => 'September 4: Standard Chartered Bank Nepal Limited has appointed Md Yasir Arafin as the bank’s chief financial officer.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 4: Standard Chartered Bank Nepal Limited has appointed Md Yasir Arafin as the bank’s chief financial officer. In his previous role, Arafin was leading the CCIB Business Finance Team of Standard Chartered Bank in Bangladesh, the bank said in a statement issued on Sunday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">With over 15 years of experience in leading MNCs and local banks in Bangladesh, he is an expert in budgeting and forecasting, quantitative and qualitative analysis, KPI monitoring, RWA optimisation and RoTE related decisions, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prior to this, Yasir was the head of Business Planning and Analysis (Senior Vice President) in BRAC Bank Ltd, Dhaka, Bangladesh from 2016 to 2021). He also worked as a senior manager, finance at Standard Chartered Bank, Bangladesh looking after Balance Sheet and Performance Management from 2010 to 2016, said the bank. According to Standard Chartered Bank, Arafin began his banking career working with BASIC Bank Ltd, Dhaka.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Arafin completed his MBA from University of Dhaka, Bangladesh. He is a Fellow Cost and Management Accountant from Bangladesh and Associate Chartered Certified Accountant from ACCA-UK. </span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18635', 'image' => '20230904113249_scb.jpg', 'article_date' => '2023-09-04 11:31:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18905', 'article_category_id' => '1', 'title' => 'Heavy Rainfall Likely Today ', 'sub_title' => '', 'summary' => 'September 4: The axis of the monsoon trough now lies close to the Himalayan foothills, according to the Weather Forecasting Division.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 4: The axis of the monsoon trough now lies close to the Himalayan foothills, according to the Weather Forecasting Division. The division shared that rainfall is taking place in most of the areas of the country due to the partial influence of the low pressure line developed in the north-east part of the Bay of Bengal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">General changes in the weather are occurring in Gandaki and Lumbini provinces now while partial to general changes are taking place at a few areas of the remaining provinces. Light to moderate rain with thunder and lightning has been occurring at a few places of Koshi Madesh, Bagmati, Karnali and Sudurpaschim provinces since Monday morning. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Partial to general changes in weather will take place later today, the division said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Light to moderate rain is predicted at a few places of Koshi, Madhes, Gandaki and Lumbini provinces and some limited areas of other provinces. Heavy rainfall with thunder and lightning is likely to take place at one or two areas of Koshi, Madhesh, Bagmati and Lumbini provinces. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Kathmandu Valley has witnessed changes in weather conditions since early this morning. Rainfall is also predicted in the valley later today. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18634', 'image' => '20230904111644_rain.jpeg', 'article_date' => '2023-09-04 11:15:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18904', 'article_category_id' => '1', 'title' => 'Chukeni Hydropower Project Enters the Final Construction Stage', 'sub_title' => '', 'summary' => 'The Chukeni hydropower project, located in Gadigaon of Patarasi rural municipality-1 in Jumla, has entered its final construction phase. The project, considered a source of pride for the district, is on track to be completed by December, according to Janamaya Rokaya, the vice-chair of the rural municipality.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 4: The Chukeni hydropower project, located in Gadigaon of Patarasi rural municipality-1 in Jumla, has entered its final construction phase. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The project, considered a source of pride for the district, is on track to be completed by December, according to Janamaya Rokaya, the vice-chair of the rural municipality.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To assess the project's progress, a team, including Devendra Bahadur Shahi, a member of the Karnali Provincial Assembly, visited the project site last Friday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Engineer Dinesh Thapalia from the Alternative Energy Promotion Centre reported that 85 percent of the power generation and line extension work for the Chukeni project has already been accomplished. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, it will still take another year for the project's generated power to reach households.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The APEC has invested Rs 310 million while the rural municipality and local people have invested Rs 130 million for the project. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> President of Chukenikhola Cooperatives Society, Gor Bahadur Budha, said that the people have invested Rs. 60 million through shares in the project</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Patarasi Rural Municipality, the Chukeni hydropower project will have a capacity of 998 kilowatts. </span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18633', 'image' => '20230904055854_collage (1).jpg', 'article_date' => '2023-09-04 05:57:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '18903', 'article_category_id' => '1', 'title' => 'Nepal Failed to Capitalize on its Export Opportunities: Experts', 'sub_title' => '', 'summary' => 'September 3: Stakeholders said that Nepal has failed to fully capitalize on its export opportunities within its immediate neighbourhood despite tremendous potential due to its limitations in production capacity and supply-side issues as well as various tariff, non-tariff and para-tariff barriers imposed by the destination countries.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">September 3: Stakeholders said that Nepal has failed to fully capitalize on its export opportunities within its immediate neighbourhood despite tremendous potential due to its limitations in production capacity and supply-side issues as well as various tariff, non-tariff and para-tariff barriers imposed by the destination countries.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif""> Experts, during a discussion organized by South Asia Watch on Trade, Economics and Environment (SAWTEE) on Friday, emphasized the need to address these challenges in order to boost regional trade—be it merchandize, service or electricity. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Issuing a statement on September 1, SAWTEE said that the discussion programme titled “Nepal’s regional trade: Prospects and challenges” was a part of the seminar on Small State Capabilities: Navigating Competition and Foreign Policy Priorities in Nepal, led by the Asia Foundation (TAF). </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to SAWTEE, the deliberation mostly concentrated on Nepal’s trade with Bangladesh and India and the prospects of diversifying existing merchandise trade into electricity trade as well. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“Nepal's heavy reliance on India for its exports and trade is evident, while its trade activities with countries beyond India remain lackluster,” reads the statement.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">A study conducted by SAWTEE on Nepal-Bangladesh trade has found that Nepal's exports to Bangladesh have mainly centered on agricultural products, with lentils making up approximately 90 percent of exports over the past five years.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As Nepal moves closer to graduating from the Least Developed Country (LDC) status, it becomes crucial to explore alternative markets to mitigate the impact of tariff increment in some of its major trade destinations, the experts suggested. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In this context, there exists substantial potential to strengthen bilateral trade ties with Bangladesh, said Kshitiz Dahal, senior research officer of SAWTEE, during his presentation.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He argued that while non-tariff barriers do exist, it is the tariff/para-tariff barriers that constrain Nepal’s export to Bangladesh. Dahal, the author of the report, said that a Preferential Trade Agreement (PFA) could remove this constraint but there are various challenges to successfully conducting a PTA.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Rabi Shanker Sainju, former joint secretary at the Ministry of Industry, Commerce and Supplies, pointed out that the time to trade with China via the land route is much lower than via the sea route for which he recommended that the constraints to utilizing the land route be addressed. Furthermore, he emphasized that despite the close geographical proximity, the trade costs between Nepal and its neighbouring countries are high. The high trade cost remains a barrier for Nepal even though there is substantial market potential in these countries, he added.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">With regard to the prospect of electricity export from Nepal to India and Bangladesh, Dipak Gyawali, former minister for water resources, pointed out that rather than direct export of electricity, Nepal is better off exporting goods by using electricity to power its own factories. He pointed out the growing regulatory barriers imposed by India on electricity purchase from Nepal as well as Nepal’s higher cost of generation that do not make electricity export conducive.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif""> Former member of the National Planning Commission and former ambassador to India, Dr Durgesh Man Singh, highlighted that initiatives at the highest political level between Nepal and India during the 1990s saw bilateral trade and investment flourish in a meaningful manner. He suggested that stakeholder consultations between the central government of Nepal and Bangladesh should be mobilized to enhance trade and investment.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Bhawani Rana, former president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), drew the attention towards shrinking Indian investment in Nepal. She urged that it’s high time that Nepal tapped into the huge market in the bordering states of India. According to Rana, despite huge potential for trade, Nepal’s exports to China are impeded due to infrastructure and logistics constraints. She recommended a coordinated effort from the private sector, government agencies, policymakers, and political parties to enhance trade and exports.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Neeru Rayamajhi Khatri, president of the Federation of Woman Entrepreneurs’ Association of Nepal (FWEAN), said that there are high-value with huge export potential produced by women entrepreneurs mostly engaged in MSMEs comprising agro-forestry-based products including pickles, snacks, handicrafts, felt, paper, textiles, pashmina, rudraksha, among others. She suggested that proactive actions from Nepali diplomatic missions are needed to promote Nepali products in the region.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Satish Joshi, director of VRock and Company Pvt Ltd, expressed the inevitability of trade in electricity for Nepal, taking into account the climate and environmental perspectives and said that Nepal will have a surplus even after meeting its own demands.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The event saw the participation of around five dozen participants, including trade experts, policymakers, academicians, freight forwarders, and civil society, according to SAWTEE.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-03', 'modified' => '2023-09-03', 'keywords' => '', 'description' => '', 'sortorder' => '18632', 'image' => '20230903044809_IMG_1053.jpeg', 'article_date' => '2023-09-03 16:47:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18902', 'article_category_id' => '1', 'title' => 'DDA Directs Stakeholders to Put Red Line on the Label of Antibiotics', 'sub_title' => '', 'summary' => 'September 3: The Department of Drug Administration (DDA) has directed all stakeholders to put a red line on the label of antibiotics. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 3: The Department of Drug Administration (DDA) has directed all stakeholders to put a red line on the label of antibiotics. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">DDA Director General Narayan Prasad Dhakal said the directive to mark the label of antibiotics with red lines has been issued so that the consumers will not take these drugs without the doctor’s prescription. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The consumers should take the medicines with red lines on their label only on the recommendation of the doctor. We have conducted a campaign for putting red lines on the label of antibiotics so that people will not take such medicines at their will," he said, adding that people will be warned not to take medicines having red lines on their label in careless manner.”</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DDA Director General reiterated that the campaign is also for informing the consumers that the medicine with red lines on their label is antibiotic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DDA has directed the pharmaceutical industries and drugs importers to mandatorily print red lines on the label of antibiotics once the current stock is finished. It has also instructed the manufacturers and importers to use the red marks on antibiotics to be manufactured six months after this decision was made. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is stated that the provision of marking the label of antibiotics with red lines has been enforced so that the medicine users and non-medical health care staff, among others can easily identify the antibiotics and their use. This provision is in line with the international practice aimed at minimizing the use of antibiotics because of the resistance of infection due to misuse of such medicines. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">--- </span></span></span></p> ', 'published' => true, 'created' => '2023-09-03', 'modified' => '2023-09-03', 'keywords' => '', 'description' => '', 'sortorder' => '18631', 'image' => '20230903032259_anti.jpg', 'article_date' => '2023-09-03 15:22:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18900', 'article_category_id' => '1', 'title' => 'NRB Issues Development Bonds worth Rs 35.85 Billion within 3 Weeks', 'sub_title' => '', 'summary' => 'September 3: The government, which raised internal debt since the beginning of the current fiscal year, has raised Rs 35.85 billion in internal debt within three weeks.', '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 3: The government, which raised internal debt since the beginning of the current fiscal year, has raised Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35.85</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in internal debt within three weeks.</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"">Last year, the government raised such loan only in October, but now it has been raising internal debt from July, saying that the interest will be expensive later. The government's target is to raise domestic debt of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">240</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in this fiscal year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Prior to this, the central bank had issued development bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion with maturity period of six years on August 28.</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"">Banks, financial institutions, non-banking financial institutions, insurance companies, organized institutions and even ordinary citizens bought the development bonds.</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"">Before that, development bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion each were issued on August 3 and August 13 and bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.84</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion on August 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"">Nepal Rastra Bank is again issuing bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion on September 11.</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 that, it has scheduled to issue bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion each on October 2, November 3, November 29 and December 13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","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 interest rate of the bonds issued by the central bank has been determined through negotiation. Interest is paid semi-annually. Provision has been made that loans can be taken/given by keeping these bonds as collateral. There is a provision that banks, financial institutions, non-banking financial institutions, insurance companies, organized institutions and Nepali citizens can purchase the bonds. </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"">Looking at the situation of the current fiscal year, it seems that the income of the government has decreased compared to the previous year. As of September 1, the government has collected more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">90</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.99 billion in taxes. The data of the Financial Comptroller General's Office show that the government collected taxes worth more than Rs </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"">0</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"">.13 billion during this period last year. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">By September 1 of the current fiscal year, the government has spent more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">68</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">19 billion. In the corresponding period last year, Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">51.59</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"">Although the government's income has decreased compared to last year, it seems that the expenditure has increased. However, the government has not stopped raising domestic debt. </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"">Sources at the Ministry of Finance say that this process will continue. "We have the obligation to pay the public debt we have taken including a large amount of interest in the coming days," said a senior official of the ministry. The government of Nepal has been taking internal loans as a source to fund the inadequate finance for economic development.</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 of September 1 in the current year, the government has spent more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">32</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.83</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion under the heading of financial management.</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 is the cost of interest paid on the public debt. Finance ministry officials say that since the price of the dollar has also increased compared to the previous year, it is affecting the payment of interest of foreign loans.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-03', 'modified' => '2023-09-03', 'keywords' => '', 'description' => '', 'sortorder' => '18630', 'image' => '20230903022728_1693705063.jpg', 'article_date' => '2023-09-03 14:26:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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Nepal were all out with 10 balls to spare. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Put into bat first after losing the toss, Nepal started well scoring briskly to post 65 runs for the first wicket, before Kushal Burtel was out in the penultimate ball of the 10th over. Since then, Bhim Sarki, captain Rohit Paudel and Kushal Malla went out cheaply, with none of them reaching double digits. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Aasif Sheikh scored 58 runs in 97 balls being before out caught to Mohammad Siraj. Gulshan Jha scored 23 runs in 35 balls. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dipendra Singh Airee and Sompal Kami steadied the innings down the order, putting up a 50-run partnership in 55 balls for the 7th wicket. Sompal missed on a deserved half century, out caught behind to Mohammad Sami, scoring 48 runs in 56 balls, including 2 sixes. Airee contributed 29 runs in 25 balls. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">For India, Rabindra Jadeja took 3 wickets while Mohammad Siraj took 2 wickets and Shardul Thakur, Mohammad Sami and Hardik Pandya took 1 wicket each. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the second match that Nepal is playing in the Asia Cup 2023. In the first match held in Multan, Pakistan, Nepal lost to the hosts by 238 runs. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first ever international match between neighbours Nepal and India, and only second international match that Nepal is playing in its ODI history. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The 50-over tournament is a tune-up for the upcoming ODI World Cup in India but rain has played a spoiling role, forcing organisers to discuss a venue change for upcoming matches in Colombo, AFP reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India's opening match against Pakistan was abandoned due to rain after one innings. A win or a washout against Nepal would qualify the Asian giants for the Super Four stage. – RSS/AFP</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-05', 'keywords' => 'India, Nepal, Asia, Cup, Sri, Lanka, cricket, Rohit, Sharma', 'description' => '', 'sortorder' => '18644', 'image' => '20230904115314_818985-01-02.jpg', 'article_date' => '2023-09-04 23:52:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18913', 'article_category_id' => '1', 'title' => 'Rain Delays Nepal Vs India Match in Asia Cup, Game Revised to 23 Overs after Play Resumed', 'sub_title' => '', 'summary' => 'September 4: The Asia Cup match between Nepal and India being held in Sri Lanka was interrupted twice by rainfall on Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 4: The Asia Cup match between Nepal and India being held in Sri Lanka was interrupted twice by rainfall on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chasing a victory target of 231 runs set by debutant Nepal, India had scored 17 runs in 2.1 overs when rain stopped the match. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Skipper Rohit Sharma, on four, and Shubman Gill, on 12, were batting when rain interrupted play for the second time in the match after a 60-minute break during the Nepal innings.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">After a brief interruption, the match resumed and was revised to 23 overs in the second innings.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Earlier, Nepal had posted a total of 230 runs in 48.2 overs playing its only second international match and first against India in Pallekele cricket stadium. Nepal were all out with 10 balls to spare. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Put into bat first after losing the toss, Nepal started well scoring briskly to post 65 runs for the first wicket, before Kushal Burtel was out in the penultimate ball of the 10th over. Since then, Bhim Sarki, captain Rohit Paudel and Kushal Malla went out cheaply, with none of them reaching double digits. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Aasif Sheikh scored 58 runs in 97 balls being before out caught to Mohammad Siraj. Gulshan Jha scored 23 runs in 35 balls. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dipendra Singh Airee and Sompal Kami steadied the innings down the order, putting up a 50-run partnership in 55 balls for the 7th wicket. Sompal missed on a deserved half century, out caught behind to Mohammad Sami, scoring 48 runs in 56 balls, including 2 sixes. Airee contributed 29 runs in 25 balls. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">For India, Rabindra Jadeja took 3 wickets while Mohammad Siraj took 2 wickets and Shardul Thakur, Mohammad Sami and Hardik Pandya took 1 wicket each. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the second match that Nepal is playing in the Asia Cup 2023. In the first match held in Multan, Pakistan, Nepal lost to the hosts by 238 runs. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first ever international match between neighbours Nepal and India, and only second international match that Nepal is playing in its ODI history. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The 50-over tournament is a tune-up for the upcoming ODI World Cup in India but rain has played a spoiling role, forcing organisers to discuss a venue change for upcoming matches in Colombo, AFP reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India's opening match against Pakistan was abandoned due to rain after one innings. A win or a washout against Nepal would qualify the Asian giants for the Super Four stage. – RSS/AFP</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18643', 'image' => '20230904113107_819229-01-02.jpg', 'article_date' => '2023-09-04 23:30:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18914', 'article_category_id' => '1', 'title' => 'MP Yadav Arrested on Murder Charge', 'sub_title' => '', 'summary' => 'September 4: Police have arrested province assembly member of Madesh Province, Anirudh Kumar Singh Yadav, on the charge of murder on Monday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 4: Police have arrested province assembly member of Madesh Province, Anirudh Kumar Singh Yadav, on the charge of murder on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The independent candidate Yadav was elected as the PA member from Saptari Constituency 4(2). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the District Police Office, Saptari, Yadav was arrested from Rajbiraj on the charge of abducting and then murdering Govinda Chaudhary, 32, of Khoksar Prabaha VDC-1 of Saptari district on June 23, 2007. The PA member had been absconding after the incident. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Govinda's sister, Rita Kumari Chaudhary, had filed a case against nine people including Yadav at the District Police Office, Saptari on June 28, 2007. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Superintendent of Police, Naresh Kumar Singh, said District Court Saptari has extended Yadav's custody for few more days for investigation. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18642', 'image' => '20230904113614_blank - Copy.jpg', 'article_date' => '2023-09-04 23:35:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18912', 'article_category_id' => '1', 'title' => 'Country's Economy on Positive Track: FinMin Mahat', 'sub_title' => '', 'summary' => 'Finance Minister Dr Prakash Sharan Mahat said the country's economy is on a positive track.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 4: Finance Minister Dr Prakash Sharan Mahat said the country's economy is on a positive track.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">while inaugurating the annual general meeting of the Pokhara Tourism Council (PTC) in Pokhara today, the state of the economy is not disappointing, said Mahat.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Mahat stressed that country’s economy was resilient despite facing 2015 earthquake and subsequent COVID-19.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Negativity only decrease confidence, and there is no need to be disappointed about the country's economy as revenue collection has improved compared to the last year, Mahat sounded optimistic. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Stating that the government was proactive in resolving problems facing the economy, the minister expressed confidence that capital expenditure would take place effectively.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Saying tourism has been taken as an important base for prosperity, Mahat stressed the need for making Pokhara as a transit of tourism, which he said would increase tourism activities. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, Minister for Industry, Tourism, Forest and Environment of Gandaki Province, Dipendra Bahadur Thapa said the provincial and federal governments had focused on the operation of international flights from the Pokhara International Airport. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The PTC President Pom Narayan Shrestha said Indian tourists were facing problem in the exchange of Indian bank notes of 500, thus affecting their inflow. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Drawing the attention of the concerned authority to non-operation of international flights from the Pokhara International Airport, he said the delay in the construction of the Pokhara-Muglin road has directly affected Pokhara's tourism. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18641', 'image' => '20230904054721_collage (12).jpg', 'article_date' => '2023-09-04 17:46:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '18911', 'article_category_id' => '1', 'title' => 'Bears in NEPSE Pause', 'sub_title' => '', 'summary' => 'There was a pause on the continuous fall in the Nepal Stock Exchange (NEPSE) Index on the second trading day of the week, Monday.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">September 4: There was a pause on the continuous fall in the Nepal Stock Exchange (NEPSE) Index on the second trading day of the week, Monday. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">The benchmark Index posted gains of 7.04 points or 0.35% and closed at 1967.83 points today. </span></span></span><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Despite the market’s single digit rise, the turnover amount dipped. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Seasoned investors and experts attribute the bearish trend in the market for the negative psychology prevalent among the investors. As a result of this, the market has failed to pick up the momentum. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">During today's trading, a total of 270 scrips exchanged their hands through 32,533 transactions. </span></span></span><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">As many as 3,432,267 shares were traded, amounting to Rs 1.09 billion. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">IME Life Insurance Company Limited (ILI) recorded the highest turnover of Rs. 5.28 crores and closed at a market price of Rs. 559. The shares of GBIMEP traded the most.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Similarly, Three Star Hydropower Limited (TSHL) gained the highest 10%, hitting the upper circuit for the day. </span></span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Meanwhile, Liberty Energy Company Limited (LEC) lost the highest 9.98% today.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">In terms of sector indices, only the "Finance Index" closed in red zone. "Trading Index" gained the highest 1.06% while "Investment" gained the least 0.05% today.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Sensitive Index gained 0.28% while Float Index and Sensitive Float Index increased by 0.30% and 0.22% respectively. </span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18640', 'image' => '20230904041452_collage (11).jpg', 'article_date' => '2023-09-04 16:13:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18910', 'article_category_id' => '1', 'title' => 'IPPAN Officials Request Former Ambassador Ranjit Rae to Facilitate Electricity Trade with India', 'sub_title' => '', 'summary' => 'September 4: The Independent Power Producers Association, Nepal (IPPAN) held a discussion with former Indian Ambassador to Nepal Ranjit Rae, urging him to facilitate electricity trade in the Indian market.', '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: The Independent Power Producers Association, Nepal (IPPAN) held a discussion with former Indian Ambassador to Nepal Ranjit Rae, urging him to facilitate electricity trade in the Indian market.</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"">During a programme jointly organized by the ASEAN Institute of Diplomacy and International Affairs (AIDIA) and IPPAN on Sunday, office bearers of IPPAN discussed various issues of Nepal-India electricity trade with former ambassador Rae and apprised him about the problems faced by the private sector hydropower promoters of Nepal due to the electricity trade guidelines and guidelines introduced by the Government of India. .</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"">In response, former ambassador Rae said that since many issues of Nepal and India are related to geopolitics, it is not possible to ignore those issues.</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"">He also made it clear that the power trade guidelines are not something that cannot be changed</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 discussion, IPPAN President Ganesh Karki said that Nepal has prepared a roadmap to produce </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">25,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> megawatts of electricity within the next </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years after Indian Prime Minister, Narendra Modi, announced to import </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> megawatts of electricity from Nepal in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</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"">Shailendra Guragai, the former president of IPPAN, said that the private sector of Nepal had established the Nepex company with the aim of trading electricity with India. He compared Nepex with the PTC of the India and stressed the need for diplomatic initiatives to create an environment where the private sector of Nepal can trade electricity with India’s private sector.</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"">Uttam Lama, the vice president of IPPAN, said that if India enters into a long-term PPA of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">25</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years to purchase electricity from Nepal, the country’s energy sector will attract more investments and the morale of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">500,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> investors in the stock market will also increase.</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 ambassador Rae said that no project can be taken forward if it is not beneficial to both the countries.</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 about Pancheshwar Multipurpose Project, former ambassador Rae said that the construction of this project would cause more damage to India than to Nepal, and there is a situation where many settlements will have to be relocated. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although there is no doubt that both the countries will equally share the electricity from the project at the rate of 50 percent each, the Indian side will get some more benefit in irrigation as there is no arable land in the Nepalese territory, said Rae. He said that Nepal should proceed by taking any other benefits.</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"">Mithun Paudel, a member of IPPAN, said that if India builds a cross-border transmission line between Nepal and India in mountainous areas, it will be easier for Nepal's electricity to be exported to India. In response, former Ambassador Rae said that this matter is positive and requested to bring such a proposal from the Nepalese government.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18639', 'image' => '20230904040249_1693818837.jpg', 'article_date' => '2023-09-04 16:02:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18909', 'article_category_id' => '1', 'title' => 'NAC Resumes Flight Service to Suketar after Three Months, Reduces Airfare', 'sub_title' => '', 'summary' => 'September 4: Nepal Airlines Corporation (NAC) has resumed its services to Suketar from Kathmandu after three months.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 4: Nepal Airlines Corporation (NAC) has resumed its services to Suketar from Kathmandu after three months. The NAC flight to Taplejung, a mountainous district in Koshi Province, had remained halted since June 7 due to adverse weather conditions during the monsoon season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sachin Tiwari, the chief of Suketar Airport, confirmed that flights have been regularised since Monday. The NAC aircraft landed in Suketar after three months, carrying six passengers from Kathmandu and returned with one passenger on board. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the flight schedule, NAC will now provide services on the Kathmandu-Suketar route thrice a week, on Mondays, Thursdays, and Saturdays as before. Suketar Airport, situated at an elevation of around 1,800 meters, frequently experiences visibility issues during the rainy season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, the NAC has revised its transportation fare. The fare for the Kathmandu-Taplejung route has been reduced to Rs 8,600 per flight from the previous rate of Rs 9,653. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the fare from Taplejung to Kathmandu has been reduced to Rs 8,400 from the previous Rs 9,453. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the improvement in weather conditions and the onset of the festive season, the airport expects the continuity of flights and plenty of passengers. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18638', 'image' => '20230904012553_suketar airport anil shrestha facebook1660907037.jpg', 'article_date' => '2023-09-04 13:25:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18908', 'article_category_id' => '1', 'title' => ''Cooperation with Private Sector Essential for Economic Diplomacy' ', 'sub_title' => '', 'summary' => 'September 4: Speakers at a programme on Sunday stressed the need for cooperation between the private sector and the Nepali diplomatic missions for promotion of foreign investment and export. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 4: Speakers at a programme on Sunday stressed the need for cooperation between the private sector and the Nepali diplomatic missions for promotion of foreign investment and export. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a discussion organized by the FNCCI on 'Cooperation between Nepali embassies and private sector for economic diplomacy' on Sunday, the speakers said that the Nepali missions abroad could cooperate with the private sector for effective economic diplomacy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing the discussion, Foreign Minister NP Saud said that the private sector plays a major role on export promotion, tourism development and attraction of foreign investment. He urged the Nepali ambassadors appointed to different countries to collaborate with the private sector for the country's development and prosperity. Both domestic and foreign investments are imperative for Nepal, he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Advisor to the National Security Council and former chief secretary Shankar Das Bairagi suggested that diplomatic missions could expand their ambit and work in alliance with the private sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Chief Secretary Baikuntha Aryal opined that the multilateral bodies could be approached for expanding economic diplomacy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Secretary Arjun Pokhrel said the government would allocate budget for expanding economic diplomacy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Secretary at the Ministry of Commerce, Madhu Marasini, Nepal needs to augment its role in WTO. Time has come to analyze the impact of the country getting graduated from LDC, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Secretary at the Ministry of Labour, Employment and Social Security, Kewal Prasad Bhandari, suggested that 'economic diplomacy' should be termed as 'labour diplomacy'. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">FNCCI President Chandra Prasad Dhakal said if Nepali missions abroad show willingness for change, it would help boost the country's economy. "In the emerging and developing countries, ambassadors are evaluated based on their roles on expansion of trade and promotion of investment and tourism," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking on behalf of the newly appointed ambassadors, Nepal’s Ambassador to Thailand, Dhan Bahadur Oli, said they were ready to listen to the private sector’s suggestion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former President of FNCCI, Shekhar Golchha, said all sorts of opportunities should be created for expanding entrepreneurship and business. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18637', 'image' => '20230904011301_Diplomacy_in_Economic_Development_event_photo_email.jpg', 'article_date' => '2023-09-04 13:12:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18907', 'article_category_id' => '1', 'title' => 'Indigenous Crop Varieties Nearing Extinction in Large Scale in Myagdi ', 'sub_title' => '', 'summary' => 'September 4: Myagdi, a district rich in genetic resources and biological diversities has reported the potential disappearance of 97 varieties of indigenous crops from its rural 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 4: Myagdi, a district rich in genetic resources and biological diversities has reported the potential disappearance of 97 varieties of indigenous crops from its rural areas. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Agriculture Knowledge Centre Myagdi has reported the loss of these valuable resources including indigenous, high-altitude herbs, flowers and plants of high biological importance in the district. The centre said the use of imported hybrid seeds is one of the reasons for the decline in indigenous crops. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A wide range of crops including indigenous winter crops, pulses, fruits, seeds, and grains such as junelo (sorghum), silam (perilla), multiple types of rice -- aanga, marsi, gudura, gauriya, and ghaiya (upland rice) and uwa (naked barley) face the increased risk of extinction. This worrying trend has begun since a decade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chandra Bahadur Karki, a local farmer, pointed out the lack of government programmes aimed at encouraging farmers to protect indigenous crops. Official data reveals that 97 indigenous crop varieties are currently at risk of extinction in the district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The use of imported seeds has been dominant over locally produced seeds. Traditionally, seeds of crops like pumpkin, cucumber, and bottle gourds were stored on house walls for the next planting season, but this practice has now disappeared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Farmers have stopped reserving the local seeds for the future use. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Though the government plans to promote indigenous crops such as millet, kaguno (foxtail millet), the import of unhusked rice, millet and rice from various countries including India is increasing each year, according to the center's former chief Kiran Sigdel. The tradition of consumption of millet-based products has significantly decreased in the area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Buckwheat, barley, and foxtail products are now rarely prepared or consumed in the area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Production is done as per the requirement while its commercial production has been disappearing, said Shobhit Sharma, a farmer of Jyamarukot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Sigdel, farmers have stopped growing crops like millet, buckwheat and foxtail millet. "The government has managed subsidy for farmers to grow indigenous crops. But farmers are unaware about it," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Hybrid vegetable seeds have been displacing indigenous crops, observed agricultural scientist Tika Bahadur Karki. Farmers seem not interested in indigenous crops despite the government giving priority to the crops through the Prime Minister Agriculture Modernisation Project, he said. For an instance, waxy corn imported from China has been displacing indigenous variety of corn of Nepal, he said. This variety of corn is imported in large amount as it tastes sweet when consumed after boiling it. It has been around 12 years since its import took place, and it is found especially in restaurants of Nepal, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although crops including millet, corn and wheat are considered the fourth important crops in Nepal, their production has been declining, said the centre. Millet farming makes up 7.7 percent of the total crop farming of the country, according to available data. The crop is produced especially in Myagdi, Khotang, Sindhupalchok, Baglung, Syangja, Kaski, Okhaldhunga, Gorkha and Sindhuli districts. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18636', 'image' => '20230904120946_20230116032506_120238810_2409742145996788_1009834206072561128_n.jpg', 'article_date' => '2023-09-04 12:09:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18906', 'article_category_id' => '1', 'title' => 'Standard Chartered Bank Appoints Md Yasir Arafin as Chief Financial Officer', 'sub_title' => '', 'summary' => 'September 4: Standard Chartered Bank Nepal Limited has appointed Md Yasir Arafin as the bank’s chief financial officer.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 4: Standard Chartered Bank Nepal Limited has appointed Md Yasir Arafin as the bank’s chief financial officer. In his previous role, Arafin was leading the CCIB Business Finance Team of Standard Chartered Bank in Bangladesh, the bank said in a statement issued on Sunday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">With over 15 years of experience in leading MNCs and local banks in Bangladesh, he is an expert in budgeting and forecasting, quantitative and qualitative analysis, KPI monitoring, RWA optimisation and RoTE related decisions, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prior to this, Yasir was the head of Business Planning and Analysis (Senior Vice President) in BRAC Bank Ltd, Dhaka, Bangladesh from 2016 to 2021). He also worked as a senior manager, finance at Standard Chartered Bank, Bangladesh looking after Balance Sheet and Performance Management from 2010 to 2016, said the bank. According to Standard Chartered Bank, Arafin began his banking career working with BASIC Bank Ltd, Dhaka.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Arafin completed his MBA from University of Dhaka, Bangladesh. He is a Fellow Cost and Management Accountant from Bangladesh and Associate Chartered Certified Accountant from ACCA-UK. </span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18635', 'image' => '20230904113249_scb.jpg', 'article_date' => '2023-09-04 11:31:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18905', 'article_category_id' => '1', 'title' => 'Heavy Rainfall Likely Today ', 'sub_title' => '', 'summary' => 'September 4: The axis of the monsoon trough now lies close to the Himalayan foothills, according to the Weather Forecasting Division.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 4: The axis of the monsoon trough now lies close to the Himalayan foothills, according to the Weather Forecasting Division. The division shared that rainfall is taking place in most of the areas of the country due to the partial influence of the low pressure line developed in the north-east part of the Bay of Bengal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">General changes in the weather are occurring in Gandaki and Lumbini provinces now while partial to general changes are taking place at a few areas of the remaining provinces. Light to moderate rain with thunder and lightning has been occurring at a few places of Koshi Madesh, Bagmati, Karnali and Sudurpaschim provinces since Monday morning. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Partial to general changes in weather will take place later today, the division said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Light to moderate rain is predicted at a few places of Koshi, Madhes, Gandaki and Lumbini provinces and some limited areas of other provinces. Heavy rainfall with thunder and lightning is likely to take place at one or two areas of Koshi, Madhesh, Bagmati and Lumbini provinces. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Kathmandu Valley has witnessed changes in weather conditions since early this morning. Rainfall is also predicted in the valley later today. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18634', 'image' => '20230904111644_rain.jpeg', 'article_date' => '2023-09-04 11:15:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18904', 'article_category_id' => '1', 'title' => 'Chukeni Hydropower Project Enters the Final Construction Stage', 'sub_title' => '', 'summary' => 'The Chukeni hydropower project, located in Gadigaon of Patarasi rural municipality-1 in Jumla, has entered its final construction phase. The project, considered a source of pride for the district, is on track to be completed by December, according to Janamaya Rokaya, the vice-chair of the rural municipality.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 4: The Chukeni hydropower project, located in Gadigaon of Patarasi rural municipality-1 in Jumla, has entered its final construction phase. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The project, considered a source of pride for the district, is on track to be completed by December, according to Janamaya Rokaya, the vice-chair of the rural municipality.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To assess the project's progress, a team, including Devendra Bahadur Shahi, a member of the Karnali Provincial Assembly, visited the project site last Friday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Engineer Dinesh Thapalia from the Alternative Energy Promotion Centre reported that 85 percent of the power generation and line extension work for the Chukeni project has already been accomplished. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, it will still take another year for the project's generated power to reach households.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The APEC has invested Rs 310 million while the rural municipality and local people have invested Rs 130 million for the project. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> President of Chukenikhola Cooperatives Society, Gor Bahadur Budha, said that the people have invested Rs. 60 million through shares in the project</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Patarasi Rural Municipality, the Chukeni hydropower project will have a capacity of 998 kilowatts. </span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18633', 'image' => '20230904055854_collage (1).jpg', 'article_date' => '2023-09-04 05:57:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '18903', 'article_category_id' => '1', 'title' => 'Nepal Failed to Capitalize on its Export Opportunities: Experts', 'sub_title' => '', 'summary' => 'September 3: Stakeholders said that Nepal has failed to fully capitalize on its export opportunities within its immediate neighbourhood despite tremendous potential due to its limitations in production capacity and supply-side issues as well as various tariff, non-tariff and para-tariff barriers imposed by the destination countries.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">September 3: Stakeholders said that Nepal has failed to fully capitalize on its export opportunities within its immediate neighbourhood despite tremendous potential due to its limitations in production capacity and supply-side issues as well as various tariff, non-tariff and para-tariff barriers imposed by the destination countries.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif""> Experts, during a discussion organized by South Asia Watch on Trade, Economics and Environment (SAWTEE) on Friday, emphasized the need to address these challenges in order to boost regional trade—be it merchandize, service or electricity. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Issuing a statement on September 1, SAWTEE said that the discussion programme titled “Nepal’s regional trade: Prospects and challenges” was a part of the seminar on Small State Capabilities: Navigating Competition and Foreign Policy Priorities in Nepal, led by the Asia Foundation (TAF). </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to SAWTEE, the deliberation mostly concentrated on Nepal’s trade with Bangladesh and India and the prospects of diversifying existing merchandise trade into electricity trade as well. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“Nepal's heavy reliance on India for its exports and trade is evident, while its trade activities with countries beyond India remain lackluster,” reads the statement.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">A study conducted by SAWTEE on Nepal-Bangladesh trade has found that Nepal's exports to Bangladesh have mainly centered on agricultural products, with lentils making up approximately 90 percent of exports over the past five years.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As Nepal moves closer to graduating from the Least Developed Country (LDC) status, it becomes crucial to explore alternative markets to mitigate the impact of tariff increment in some of its major trade destinations, the experts suggested. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In this context, there exists substantial potential to strengthen bilateral trade ties with Bangladesh, said Kshitiz Dahal, senior research officer of SAWTEE, during his presentation.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He argued that while non-tariff barriers do exist, it is the tariff/para-tariff barriers that constrain Nepal’s export to Bangladesh. Dahal, the author of the report, said that a Preferential Trade Agreement (PFA) could remove this constraint but there are various challenges to successfully conducting a PTA.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Rabi Shanker Sainju, former joint secretary at the Ministry of Industry, Commerce and Supplies, pointed out that the time to trade with China via the land route is much lower than via the sea route for which he recommended that the constraints to utilizing the land route be addressed. Furthermore, he emphasized that despite the close geographical proximity, the trade costs between Nepal and its neighbouring countries are high. The high trade cost remains a barrier for Nepal even though there is substantial market potential in these countries, he added.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">With regard to the prospect of electricity export from Nepal to India and Bangladesh, Dipak Gyawali, former minister for water resources, pointed out that rather than direct export of electricity, Nepal is better off exporting goods by using electricity to power its own factories. He pointed out the growing regulatory barriers imposed by India on electricity purchase from Nepal as well as Nepal’s higher cost of generation that do not make electricity export conducive.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif""> Former member of the National Planning Commission and former ambassador to India, Dr Durgesh Man Singh, highlighted that initiatives at the highest political level between Nepal and India during the 1990s saw bilateral trade and investment flourish in a meaningful manner. He suggested that stakeholder consultations between the central government of Nepal and Bangladesh should be mobilized to enhance trade and investment.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Bhawani Rana, former president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), drew the attention towards shrinking Indian investment in Nepal. She urged that it’s high time that Nepal tapped into the huge market in the bordering states of India. According to Rana, despite huge potential for trade, Nepal’s exports to China are impeded due to infrastructure and logistics constraints. She recommended a coordinated effort from the private sector, government agencies, policymakers, and political parties to enhance trade and exports.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Neeru Rayamajhi Khatri, president of the Federation of Woman Entrepreneurs’ Association of Nepal (FWEAN), said that there are high-value with huge export potential produced by women entrepreneurs mostly engaged in MSMEs comprising agro-forestry-based products including pickles, snacks, handicrafts, felt, paper, textiles, pashmina, rudraksha, among others. She suggested that proactive actions from Nepali diplomatic missions are needed to promote Nepali products in the region.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Satish Joshi, director of VRock and Company Pvt Ltd, expressed the inevitability of trade in electricity for Nepal, taking into account the climate and environmental perspectives and said that Nepal will have a surplus even after meeting its own demands.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The event saw the participation of around five dozen participants, including trade experts, policymakers, academicians, freight forwarders, and civil society, according to SAWTEE.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-03', 'modified' => '2023-09-03', 'keywords' => '', 'description' => '', 'sortorder' => '18632', 'image' => '20230903044809_IMG_1053.jpeg', 'article_date' => '2023-09-03 16:47:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18902', 'article_category_id' => '1', 'title' => 'DDA Directs Stakeholders to Put Red Line on the Label of Antibiotics', 'sub_title' => '', 'summary' => 'September 3: The Department of Drug Administration (DDA) has directed all stakeholders to put a red line on the label of antibiotics. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 3: The Department of Drug Administration (DDA) has directed all stakeholders to put a red line on the label of antibiotics. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">DDA Director General Narayan Prasad Dhakal said the directive to mark the label of antibiotics with red lines has been issued so that the consumers will not take these drugs without the doctor’s prescription. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The consumers should take the medicines with red lines on their label only on the recommendation of the doctor. We have conducted a campaign for putting red lines on the label of antibiotics so that people will not take such medicines at their will," he said, adding that people will be warned not to take medicines having red lines on their label in careless manner.”</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DDA Director General reiterated that the campaign is also for informing the consumers that the medicine with red lines on their label is antibiotic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DDA has directed the pharmaceutical industries and drugs importers to mandatorily print red lines on the label of antibiotics once the current stock is finished. It has also instructed the manufacturers and importers to use the red marks on antibiotics to be manufactured six months after this decision was made. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is stated that the provision of marking the label of antibiotics with red lines has been enforced so that the medicine users and non-medical health care staff, among others can easily identify the antibiotics and their use. This provision is in line with the international practice aimed at minimizing the use of antibiotics because of the resistance of infection due to misuse of such medicines. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">--- </span></span></span></p> ', 'published' => true, 'created' => '2023-09-03', 'modified' => '2023-09-03', 'keywords' => '', 'description' => '', 'sortorder' => '18631', 'image' => '20230903032259_anti.jpg', 'article_date' => '2023-09-03 15:22:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18900', 'article_category_id' => '1', 'title' => 'NRB Issues Development Bonds worth Rs 35.85 Billion within 3 Weeks', 'sub_title' => '', 'summary' => 'September 3: The government, which raised internal debt since the beginning of the current fiscal year, has raised Rs 35.85 billion in internal debt within three weeks.', '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 3: The government, which raised internal debt since the beginning of the current fiscal year, has raised Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35.85</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in internal debt within three weeks.</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"">Last year, the government raised such loan only in October, but now it has been raising internal debt from July, saying that the interest will be expensive later. The government's target is to raise domestic debt of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">240</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in this fiscal year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Prior to this, the central bank had issued development bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion with maturity period of six years on August 28.</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"">Banks, financial institutions, non-banking financial institutions, insurance companies, organized institutions and even ordinary citizens bought the development bonds.</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"">Before that, development bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion each were issued on August 3 and August 13 and bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.84</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion on August 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"">Nepal Rastra Bank is again issuing bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion on September 11.</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 that, it has scheduled to issue bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion each on October 2, November 3, November 29 and December 13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","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 interest rate of the bonds issued by the central bank has been determined through negotiation. Interest is paid semi-annually. Provision has been made that loans can be taken/given by keeping these bonds as collateral. There is a provision that banks, financial institutions, non-banking financial institutions, insurance companies, organized institutions and Nepali citizens can purchase the bonds. </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"">Looking at the situation of the current fiscal year, it seems that the income of the government has decreased compared to the previous year. As of September 1, the government has collected more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">90</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.99 billion in taxes. The data of the Financial Comptroller General's Office show that the government collected taxes worth more than Rs </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"">0</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"">.13 billion during this period last year. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">By September 1 of the current fiscal year, the government has spent more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">68</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">19 billion. In the corresponding period last year, Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">51.59</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"">Although the government's income has decreased compared to last year, it seems that the expenditure has increased. However, the government has not stopped raising domestic debt. </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"">Sources at the Ministry of Finance say that this process will continue. "We have the obligation to pay the public debt we have taken including a large amount of interest in the coming days," said a senior official of the ministry. The government of Nepal has been taking internal loans as a source to fund the inadequate finance for economic development.</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 of September 1 in the current year, the government has spent more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">32</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.83</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion under the heading of financial management.</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 is the cost of interest paid on the public debt. Finance ministry officials say that since the price of the dollar has also increased compared to the previous year, it is affecting the payment of interest of foreign loans.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-03', 'modified' => '2023-09-03', 'keywords' => '', 'description' => '', 'sortorder' => '18630', 'image' => '20230903022728_1693705063.jpg', 'article_date' => '2023-09-03 14:26:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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Nepal were all out with 10 balls to spare. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Put into bat first after losing the toss, Nepal started well scoring briskly to post 65 runs for the first wicket, before Kushal Burtel was out in the penultimate ball of the 10th over. Since then, Bhim Sarki, captain Rohit Paudel and Kushal Malla went out cheaply, with none of them reaching double digits. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Aasif Sheikh scored 58 runs in 97 balls being before out caught to Mohammad Siraj. Gulshan Jha scored 23 runs in 35 balls. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dipendra Singh Airee and Sompal Kami steadied the innings down the order, putting up a 50-run partnership in 55 balls for the 7th wicket. Sompal missed on a deserved half century, out caught behind to Mohammad Sami, scoring 48 runs in 56 balls, including 2 sixes. Airee contributed 29 runs in 25 balls. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">For India, Rabindra Jadeja took 3 wickets while Mohammad Siraj took 2 wickets and Shardul Thakur, Mohammad Sami and Hardik Pandya took 1 wicket each. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the second match that Nepal is playing in the Asia Cup 2023. In the first match held in Multan, Pakistan, Nepal lost to the hosts by 238 runs. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first ever international match between neighbours Nepal and India, and only second international match that Nepal is playing in its ODI history. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The 50-over tournament is a tune-up for the upcoming ODI World Cup in India but rain has played a spoiling role, forcing organisers to discuss a venue change for upcoming matches in Colombo, AFP reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India's opening match against Pakistan was abandoned due to rain after one innings. A win or a washout against Nepal would qualify the Asian giants for the Super Four stage. – RSS/AFP</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-05', 'keywords' => 'India, Nepal, Asia, Cup, Sri, Lanka, cricket, Rohit, Sharma', 'description' => '', 'sortorder' => '18644', 'image' => '20230904115314_818985-01-02.jpg', 'article_date' => '2023-09-04 23:52:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18913', 'article_category_id' => '1', 'title' => 'Rain Delays Nepal Vs India Match in Asia Cup, Game Revised to 23 Overs after Play Resumed', 'sub_title' => '', 'summary' => 'September 4: The Asia Cup match between Nepal and India being held in Sri Lanka was interrupted twice by rainfall on Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 4: The Asia Cup match between Nepal and India being held in Sri Lanka was interrupted twice by rainfall on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chasing a victory target of 231 runs set by debutant Nepal, India had scored 17 runs in 2.1 overs when rain stopped the match. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Skipper Rohit Sharma, on four, and Shubman Gill, on 12, were batting when rain interrupted play for the second time in the match after a 60-minute break during the Nepal innings.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">After a brief interruption, the match resumed and was revised to 23 overs in the second innings.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Earlier, Nepal had posted a total of 230 runs in 48.2 overs playing its only second international match and first against India in Pallekele cricket stadium. Nepal were all out with 10 balls to spare. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Put into bat first after losing the toss, Nepal started well scoring briskly to post 65 runs for the first wicket, before Kushal Burtel was out in the penultimate ball of the 10th over. Since then, Bhim Sarki, captain Rohit Paudel and Kushal Malla went out cheaply, with none of them reaching double digits. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Aasif Sheikh scored 58 runs in 97 balls being before out caught to Mohammad Siraj. Gulshan Jha scored 23 runs in 35 balls. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dipendra Singh Airee and Sompal Kami steadied the innings down the order, putting up a 50-run partnership in 55 balls for the 7th wicket. Sompal missed on a deserved half century, out caught behind to Mohammad Sami, scoring 48 runs in 56 balls, including 2 sixes. Airee contributed 29 runs in 25 balls. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">For India, Rabindra Jadeja took 3 wickets while Mohammad Siraj took 2 wickets and Shardul Thakur, Mohammad Sami and Hardik Pandya took 1 wicket each. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the second match that Nepal is playing in the Asia Cup 2023. In the first match held in Multan, Pakistan, Nepal lost to the hosts by 238 runs. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the first ever international match between neighbours Nepal and India, and only second international match that Nepal is playing in its ODI history. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The 50-over tournament is a tune-up for the upcoming ODI World Cup in India but rain has played a spoiling role, forcing organisers to discuss a venue change for upcoming matches in Colombo, AFP reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India's opening match against Pakistan was abandoned due to rain after one innings. A win or a washout against Nepal would qualify the Asian giants for the Super Four stage. – RSS/AFP</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18643', 'image' => '20230904113107_819229-01-02.jpg', 'article_date' => '2023-09-04 23:30:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18914', 'article_category_id' => '1', 'title' => 'MP Yadav Arrested on Murder Charge', 'sub_title' => '', 'summary' => 'September 4: Police have arrested province assembly member of Madesh Province, Anirudh Kumar Singh Yadav, on the charge of murder on Monday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 4: Police have arrested province assembly member of Madesh Province, Anirudh Kumar Singh Yadav, on the charge of murder on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The independent candidate Yadav was elected as the PA member from Saptari Constituency 4(2). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the District Police Office, Saptari, Yadav was arrested from Rajbiraj on the charge of abducting and then murdering Govinda Chaudhary, 32, of Khoksar Prabaha VDC-1 of Saptari district on June 23, 2007. The PA member had been absconding after the incident. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Govinda's sister, Rita Kumari Chaudhary, had filed a case against nine people including Yadav at the District Police Office, Saptari on June 28, 2007. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Superintendent of Police, Naresh Kumar Singh, said District Court Saptari has extended Yadav's custody for few more days for investigation. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18642', 'image' => '20230904113614_blank - Copy.jpg', 'article_date' => '2023-09-04 23:35:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18912', 'article_category_id' => '1', 'title' => 'Country's Economy on Positive Track: FinMin Mahat', 'sub_title' => '', 'summary' => 'Finance Minister Dr Prakash Sharan Mahat said the country's economy is on a positive track.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 4: Finance Minister Dr Prakash Sharan Mahat said the country's economy is on a positive track.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">while inaugurating the annual general meeting of the Pokhara Tourism Council (PTC) in Pokhara today, the state of the economy is not disappointing, said Mahat.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Mahat stressed that country’s economy was resilient despite facing 2015 earthquake and subsequent COVID-19.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Negativity only decrease confidence, and there is no need to be disappointed about the country's economy as revenue collection has improved compared to the last year, Mahat sounded optimistic. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Stating that the government was proactive in resolving problems facing the economy, the minister expressed confidence that capital expenditure would take place effectively.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Saying tourism has been taken as an important base for prosperity, Mahat stressed the need for making Pokhara as a transit of tourism, which he said would increase tourism activities. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, Minister for Industry, Tourism, Forest and Environment of Gandaki Province, Dipendra Bahadur Thapa said the provincial and federal governments had focused on the operation of international flights from the Pokhara International Airport. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The PTC President Pom Narayan Shrestha said Indian tourists were facing problem in the exchange of Indian bank notes of 500, thus affecting their inflow. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Drawing the attention of the concerned authority to non-operation of international flights from the Pokhara International Airport, he said the delay in the construction of the Pokhara-Muglin road has directly affected Pokhara's tourism. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18641', 'image' => '20230904054721_collage (12).jpg', 'article_date' => '2023-09-04 17:46:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '18911', 'article_category_id' => '1', 'title' => 'Bears in NEPSE Pause', 'sub_title' => '', 'summary' => 'There was a pause on the continuous fall in the Nepal Stock Exchange (NEPSE) Index on the second trading day of the week, Monday.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">September 4: There was a pause on the continuous fall in the Nepal Stock Exchange (NEPSE) Index on the second trading day of the week, Monday. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">The benchmark Index posted gains of 7.04 points or 0.35% and closed at 1967.83 points today. </span></span></span><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Despite the market’s single digit rise, the turnover amount dipped. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Seasoned investors and experts attribute the bearish trend in the market for the negative psychology prevalent among the investors. As a result of this, the market has failed to pick up the momentum. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">During today's trading, a total of 270 scrips exchanged their hands through 32,533 transactions. </span></span></span><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">As many as 3,432,267 shares were traded, amounting to Rs 1.09 billion. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">IME Life Insurance Company Limited (ILI) recorded the highest turnover of Rs. 5.28 crores and closed at a market price of Rs. 559. The shares of GBIMEP traded the most.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Similarly, Three Star Hydropower Limited (TSHL) gained the highest 10%, hitting the upper circuit for the day. </span></span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Meanwhile, Liberty Energy Company Limited (LEC) lost the highest 9.98% today.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">In terms of sector indices, only the "Finance Index" closed in red zone. "Trading Index" gained the highest 1.06% while "Investment" gained the least 0.05% today.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Sensitive Index gained 0.28% while Float Index and Sensitive Float Index increased by 0.30% and 0.22% respectively. </span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18640', 'image' => '20230904041452_collage (11).jpg', 'article_date' => '2023-09-04 16:13:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18910', 'article_category_id' => '1', 'title' => 'IPPAN Officials Request Former Ambassador Ranjit Rae to Facilitate Electricity Trade with India', 'sub_title' => '', 'summary' => 'September 4: The Independent Power Producers Association, Nepal (IPPAN) held a discussion with former Indian Ambassador to Nepal Ranjit Rae, urging him to facilitate electricity trade in the Indian market.', '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: The Independent Power Producers Association, Nepal (IPPAN) held a discussion with former Indian Ambassador to Nepal Ranjit Rae, urging him to facilitate electricity trade in the Indian market.</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"">During a programme jointly organized by the ASEAN Institute of Diplomacy and International Affairs (AIDIA) and IPPAN on Sunday, office bearers of IPPAN discussed various issues of Nepal-India electricity trade with former ambassador Rae and apprised him about the problems faced by the private sector hydropower promoters of Nepal due to the electricity trade guidelines and guidelines introduced by the Government of India. .</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"">In response, former ambassador Rae said that since many issues of Nepal and India are related to geopolitics, it is not possible to ignore those issues.</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"">He also made it clear that the power trade guidelines are not something that cannot be changed</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 discussion, IPPAN President Ganesh Karki said that Nepal has prepared a roadmap to produce </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">25,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> megawatts of electricity within the next </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years after Indian Prime Minister, Narendra Modi, announced to import </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> megawatts of electricity from Nepal in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</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"">Shailendra Guragai, the former president of IPPAN, said that the private sector of Nepal had established the Nepex company with the aim of trading electricity with India. He compared Nepex with the PTC of the India and stressed the need for diplomatic initiatives to create an environment where the private sector of Nepal can trade electricity with India’s private sector.</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"">Uttam Lama, the vice president of IPPAN, said that if India enters into a long-term PPA of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">25</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years to purchase electricity from Nepal, the country’s energy sector will attract more investments and the morale of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">500,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> investors in the stock market will also increase.</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 ambassador Rae said that no project can be taken forward if it is not beneficial to both the countries.</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 about Pancheshwar Multipurpose Project, former ambassador Rae said that the construction of this project would cause more damage to India than to Nepal, and there is a situation where many settlements will have to be relocated. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although there is no doubt that both the countries will equally share the electricity from the project at the rate of 50 percent each, the Indian side will get some more benefit in irrigation as there is no arable land in the Nepalese territory, said Rae. He said that Nepal should proceed by taking any other benefits.</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"">Mithun Paudel, a member of IPPAN, said that if India builds a cross-border transmission line between Nepal and India in mountainous areas, it will be easier for Nepal's electricity to be exported to India. In response, former Ambassador Rae said that this matter is positive and requested to bring such a proposal from the Nepalese government.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18639', 'image' => '20230904040249_1693818837.jpg', 'article_date' => '2023-09-04 16:02:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18909', 'article_category_id' => '1', 'title' => 'NAC Resumes Flight Service to Suketar after Three Months, Reduces Airfare', 'sub_title' => '', 'summary' => 'September 4: Nepal Airlines Corporation (NAC) has resumed its services to Suketar from Kathmandu after three months.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 4: Nepal Airlines Corporation (NAC) has resumed its services to Suketar from Kathmandu after three months. The NAC flight to Taplejung, a mountainous district in Koshi Province, had remained halted since June 7 due to adverse weather conditions during the monsoon season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sachin Tiwari, the chief of Suketar Airport, confirmed that flights have been regularised since Monday. The NAC aircraft landed in Suketar after three months, carrying six passengers from Kathmandu and returned with one passenger on board. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the flight schedule, NAC will now provide services on the Kathmandu-Suketar route thrice a week, on Mondays, Thursdays, and Saturdays as before. Suketar Airport, situated at an elevation of around 1,800 meters, frequently experiences visibility issues during the rainy season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, the NAC has revised its transportation fare. The fare for the Kathmandu-Taplejung route has been reduced to Rs 8,600 per flight from the previous rate of Rs 9,653. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the fare from Taplejung to Kathmandu has been reduced to Rs 8,400 from the previous Rs 9,453. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the improvement in weather conditions and the onset of the festive season, the airport expects the continuity of flights and plenty of passengers. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18638', 'image' => '20230904012553_suketar airport anil shrestha facebook1660907037.jpg', 'article_date' => '2023-09-04 13:25:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18908', 'article_category_id' => '1', 'title' => ''Cooperation with Private Sector Essential for Economic Diplomacy' ', 'sub_title' => '', 'summary' => 'September 4: Speakers at a programme on Sunday stressed the need for cooperation between the private sector and the Nepali diplomatic missions for promotion of foreign investment and export. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 4: Speakers at a programme on Sunday stressed the need for cooperation between the private sector and the Nepali diplomatic missions for promotion of foreign investment and export. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a discussion organized by the FNCCI on 'Cooperation between Nepali embassies and private sector for economic diplomacy' on Sunday, the speakers said that the Nepali missions abroad could cooperate with the private sector for effective economic diplomacy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing the discussion, Foreign Minister NP Saud said that the private sector plays a major role on export promotion, tourism development and attraction of foreign investment. He urged the Nepali ambassadors appointed to different countries to collaborate with the private sector for the country's development and prosperity. Both domestic and foreign investments are imperative for Nepal, he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Advisor to the National Security Council and former chief secretary Shankar Das Bairagi suggested that diplomatic missions could expand their ambit and work in alliance with the private sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Chief Secretary Baikuntha Aryal opined that the multilateral bodies could be approached for expanding economic diplomacy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Secretary Arjun Pokhrel said the government would allocate budget for expanding economic diplomacy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Secretary at the Ministry of Commerce, Madhu Marasini, Nepal needs to augment its role in WTO. Time has come to analyze the impact of the country getting graduated from LDC, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Secretary at the Ministry of Labour, Employment and Social Security, Kewal Prasad Bhandari, suggested that 'economic diplomacy' should be termed as 'labour diplomacy'. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">FNCCI President Chandra Prasad Dhakal said if Nepali missions abroad show willingness for change, it would help boost the country's economy. "In the emerging and developing countries, ambassadors are evaluated based on their roles on expansion of trade and promotion of investment and tourism," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking on behalf of the newly appointed ambassadors, Nepal’s Ambassador to Thailand, Dhan Bahadur Oli, said they were ready to listen to the private sector’s suggestion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former President of FNCCI, Shekhar Golchha, said all sorts of opportunities should be created for expanding entrepreneurship and business. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18637', 'image' => '20230904011301_Diplomacy_in_Economic_Development_event_photo_email.jpg', 'article_date' => '2023-09-04 13:12:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18907', 'article_category_id' => '1', 'title' => 'Indigenous Crop Varieties Nearing Extinction in Large Scale in Myagdi ', 'sub_title' => '', 'summary' => 'September 4: Myagdi, a district rich in genetic resources and biological diversities has reported the potential disappearance of 97 varieties of indigenous crops from its rural 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 4: Myagdi, a district rich in genetic resources and biological diversities has reported the potential disappearance of 97 varieties of indigenous crops from its rural areas. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Agriculture Knowledge Centre Myagdi has reported the loss of these valuable resources including indigenous, high-altitude herbs, flowers and plants of high biological importance in the district. The centre said the use of imported hybrid seeds is one of the reasons for the decline in indigenous crops. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A wide range of crops including indigenous winter crops, pulses, fruits, seeds, and grains such as junelo (sorghum), silam (perilla), multiple types of rice -- aanga, marsi, gudura, gauriya, and ghaiya (upland rice) and uwa (naked barley) face the increased risk of extinction. This worrying trend has begun since a decade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chandra Bahadur Karki, a local farmer, pointed out the lack of government programmes aimed at encouraging farmers to protect indigenous crops. Official data reveals that 97 indigenous crop varieties are currently at risk of extinction in the district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The use of imported seeds has been dominant over locally produced seeds. Traditionally, seeds of crops like pumpkin, cucumber, and bottle gourds were stored on house walls for the next planting season, but this practice has now disappeared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Farmers have stopped reserving the local seeds for the future use. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Though the government plans to promote indigenous crops such as millet, kaguno (foxtail millet), the import of unhusked rice, millet and rice from various countries including India is increasing each year, according to the center's former chief Kiran Sigdel. The tradition of consumption of millet-based products has significantly decreased in the area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Buckwheat, barley, and foxtail products are now rarely prepared or consumed in the area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Production is done as per the requirement while its commercial production has been disappearing, said Shobhit Sharma, a farmer of Jyamarukot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Sigdel, farmers have stopped growing crops like millet, buckwheat and foxtail millet. "The government has managed subsidy for farmers to grow indigenous crops. But farmers are unaware about it," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Hybrid vegetable seeds have been displacing indigenous crops, observed agricultural scientist Tika Bahadur Karki. Farmers seem not interested in indigenous crops despite the government giving priority to the crops through the Prime Minister Agriculture Modernisation Project, he said. For an instance, waxy corn imported from China has been displacing indigenous variety of corn of Nepal, he said. This variety of corn is imported in large amount as it tastes sweet when consumed after boiling it. It has been around 12 years since its import took place, and it is found especially in restaurants of Nepal, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although crops including millet, corn and wheat are considered the fourth important crops in Nepal, their production has been declining, said the centre. Millet farming makes up 7.7 percent of the total crop farming of the country, according to available data. The crop is produced especially in Myagdi, Khotang, Sindhupalchok, Baglung, Syangja, Kaski, Okhaldhunga, Gorkha and Sindhuli districts. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18636', 'image' => '20230904120946_20230116032506_120238810_2409742145996788_1009834206072561128_n.jpg', 'article_date' => '2023-09-04 12:09:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18906', 'article_category_id' => '1', 'title' => 'Standard Chartered Bank Appoints Md Yasir Arafin as Chief Financial Officer', 'sub_title' => '', 'summary' => 'September 4: Standard Chartered Bank Nepal Limited has appointed Md Yasir Arafin as the bank’s chief financial officer.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 4: Standard Chartered Bank Nepal Limited has appointed Md Yasir Arafin as the bank’s chief financial officer. In his previous role, Arafin was leading the CCIB Business Finance Team of Standard Chartered Bank in Bangladesh, the bank said in a statement issued on Sunday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">With over 15 years of experience in leading MNCs and local banks in Bangladesh, he is an expert in budgeting and forecasting, quantitative and qualitative analysis, KPI monitoring, RWA optimisation and RoTE related decisions, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prior to this, Yasir was the head of Business Planning and Analysis (Senior Vice President) in BRAC Bank Ltd, Dhaka, Bangladesh from 2016 to 2021). He also worked as a senior manager, finance at Standard Chartered Bank, Bangladesh looking after Balance Sheet and Performance Management from 2010 to 2016, said the bank. According to Standard Chartered Bank, Arafin began his banking career working with BASIC Bank Ltd, Dhaka.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Arafin completed his MBA from University of Dhaka, Bangladesh. He is a Fellow Cost and Management Accountant from Bangladesh and Associate Chartered Certified Accountant from ACCA-UK. </span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18635', 'image' => '20230904113249_scb.jpg', 'article_date' => '2023-09-04 11:31:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18905', 'article_category_id' => '1', 'title' => 'Heavy Rainfall Likely Today ', 'sub_title' => '', 'summary' => 'September 4: The axis of the monsoon trough now lies close to the Himalayan foothills, according to the Weather Forecasting Division.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 4: The axis of the monsoon trough now lies close to the Himalayan foothills, according to the Weather Forecasting Division. The division shared that rainfall is taking place in most of the areas of the country due to the partial influence of the low pressure line developed in the north-east part of the Bay of Bengal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">General changes in the weather are occurring in Gandaki and Lumbini provinces now while partial to general changes are taking place at a few areas of the remaining provinces. Light to moderate rain with thunder and lightning has been occurring at a few places of Koshi Madesh, Bagmati, Karnali and Sudurpaschim provinces since Monday morning. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Partial to general changes in weather will take place later today, the division said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Light to moderate rain is predicted at a few places of Koshi, Madhes, Gandaki and Lumbini provinces and some limited areas of other provinces. Heavy rainfall with thunder and lightning is likely to take place at one or two areas of Koshi, Madhesh, Bagmati and Lumbini provinces. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Kathmandu Valley has witnessed changes in weather conditions since early this morning. Rainfall is also predicted in the valley later today. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18634', 'image' => '20230904111644_rain.jpeg', 'article_date' => '2023-09-04 11:15:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18904', 'article_category_id' => '1', 'title' => 'Chukeni Hydropower Project Enters the Final Construction Stage', 'sub_title' => '', 'summary' => 'The Chukeni hydropower project, located in Gadigaon of Patarasi rural municipality-1 in Jumla, has entered its final construction phase. The project, considered a source of pride for the district, is on track to be completed by December, according to Janamaya Rokaya, the vice-chair of the rural municipality.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 4: The Chukeni hydropower project, located in Gadigaon of Patarasi rural municipality-1 in Jumla, has entered its final construction phase. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The project, considered a source of pride for the district, is on track to be completed by December, according to Janamaya Rokaya, the vice-chair of the rural municipality.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To assess the project's progress, a team, including Devendra Bahadur Shahi, a member of the Karnali Provincial Assembly, visited the project site last Friday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Engineer Dinesh Thapalia from the Alternative Energy Promotion Centre reported that 85 percent of the power generation and line extension work for the Chukeni project has already been accomplished. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, it will still take another year for the project's generated power to reach households.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The APEC has invested Rs 310 million while the rural municipality and local people have invested Rs 130 million for the project. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> President of Chukenikhola Cooperatives Society, Gor Bahadur Budha, said that the people have invested Rs. 60 million through shares in the project</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Patarasi Rural Municipality, the Chukeni hydropower project will have a capacity of 998 kilowatts. </span></span></p> ', 'published' => true, 'created' => '2023-09-04', 'modified' => '2023-09-04', 'keywords' => '', 'description' => '', 'sortorder' => '18633', 'image' => '20230904055854_collage (1).jpg', 'article_date' => '2023-09-04 05:57:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '18903', 'article_category_id' => '1', 'title' => 'Nepal Failed to Capitalize on its Export Opportunities: Experts', 'sub_title' => '', 'summary' => 'September 3: Stakeholders said that Nepal has failed to fully capitalize on its export opportunities within its immediate neighbourhood despite tremendous potential due to its limitations in production capacity and supply-side issues as well as various tariff, non-tariff and para-tariff barriers imposed by the destination countries.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">September 3: Stakeholders said that Nepal has failed to fully capitalize on its export opportunities within its immediate neighbourhood despite tremendous potential due to its limitations in production capacity and supply-side issues as well as various tariff, non-tariff and para-tariff barriers imposed by the destination countries.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif""> Experts, during a discussion organized by South Asia Watch on Trade, Economics and Environment (SAWTEE) on Friday, emphasized the need to address these challenges in order to boost regional trade—be it merchandize, service or electricity. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Issuing a statement on September 1, SAWTEE said that the discussion programme titled “Nepal’s regional trade: Prospects and challenges” was a part of the seminar on Small State Capabilities: Navigating Competition and Foreign Policy Priorities in Nepal, led by the Asia Foundation (TAF). </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to SAWTEE, the deliberation mostly concentrated on Nepal’s trade with Bangladesh and India and the prospects of diversifying existing merchandise trade into electricity trade as well. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“Nepal's heavy reliance on India for its exports and trade is evident, while its trade activities with countries beyond India remain lackluster,” reads the statement.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">A study conducted by SAWTEE on Nepal-Bangladesh trade has found that Nepal's exports to Bangladesh have mainly centered on agricultural products, with lentils making up approximately 90 percent of exports over the past five years.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As Nepal moves closer to graduating from the Least Developed Country (LDC) status, it becomes crucial to explore alternative markets to mitigate the impact of tariff increment in some of its major trade destinations, the experts suggested. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In this context, there exists substantial potential to strengthen bilateral trade ties with Bangladesh, said Kshitiz Dahal, senior research officer of SAWTEE, during his presentation.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He argued that while non-tariff barriers do exist, it is the tariff/para-tariff barriers that constrain Nepal’s export to Bangladesh. Dahal, the author of the report, said that a Preferential Trade Agreement (PFA) could remove this constraint but there are various challenges to successfully conducting a PTA.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Rabi Shanker Sainju, former joint secretary at the Ministry of Industry, Commerce and Supplies, pointed out that the time to trade with China via the land route is much lower than via the sea route for which he recommended that the constraints to utilizing the land route be addressed. Furthermore, he emphasized that despite the close geographical proximity, the trade costs between Nepal and its neighbouring countries are high. The high trade cost remains a barrier for Nepal even though there is substantial market potential in these countries, he added.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">With regard to the prospect of electricity export from Nepal to India and Bangladesh, Dipak Gyawali, former minister for water resources, pointed out that rather than direct export of electricity, Nepal is better off exporting goods by using electricity to power its own factories. He pointed out the growing regulatory barriers imposed by India on electricity purchase from Nepal as well as Nepal’s higher cost of generation that do not make electricity export conducive.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif""> Former member of the National Planning Commission and former ambassador to India, Dr Durgesh Man Singh, highlighted that initiatives at the highest political level between Nepal and India during the 1990s saw bilateral trade and investment flourish in a meaningful manner. He suggested that stakeholder consultations between the central government of Nepal and Bangladesh should be mobilized to enhance trade and investment.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Bhawani Rana, former president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), drew the attention towards shrinking Indian investment in Nepal. She urged that it’s high time that Nepal tapped into the huge market in the bordering states of India. According to Rana, despite huge potential for trade, Nepal’s exports to China are impeded due to infrastructure and logistics constraints. She recommended a coordinated effort from the private sector, government agencies, policymakers, and political parties to enhance trade and exports.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Neeru Rayamajhi Khatri, president of the Federation of Woman Entrepreneurs’ Association of Nepal (FWEAN), said that there are high-value with huge export potential produced by women entrepreneurs mostly engaged in MSMEs comprising agro-forestry-based products including pickles, snacks, handicrafts, felt, paper, textiles, pashmina, rudraksha, among others. She suggested that proactive actions from Nepali diplomatic missions are needed to promote Nepali products in the region.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Satish Joshi, director of VRock and Company Pvt Ltd, expressed the inevitability of trade in electricity for Nepal, taking into account the climate and environmental perspectives and said that Nepal will have a surplus even after meeting its own demands.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The event saw the participation of around five dozen participants, including trade experts, policymakers, academicians, freight forwarders, and civil society, according to SAWTEE.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-09-03', 'modified' => '2023-09-03', 'keywords' => '', 'description' => '', 'sortorder' => '18632', 'image' => '20230903044809_IMG_1053.jpeg', 'article_date' => '2023-09-03 16:47:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18902', 'article_category_id' => '1', 'title' => 'DDA Directs Stakeholders to Put Red Line on the Label of Antibiotics', 'sub_title' => '', 'summary' => 'September 3: The Department of Drug Administration (DDA) has directed all stakeholders to put a red line on the label of antibiotics. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 3: The Department of Drug Administration (DDA) has directed all stakeholders to put a red line on the label of antibiotics. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">DDA Director General Narayan Prasad Dhakal said the directive to mark the label of antibiotics with red lines has been issued so that the consumers will not take these drugs without the doctor’s prescription. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The consumers should take the medicines with red lines on their label only on the recommendation of the doctor. We have conducted a campaign for putting red lines on the label of antibiotics so that people will not take such medicines at their will," he said, adding that people will be warned not to take medicines having red lines on their label in careless manner.”</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DDA Director General reiterated that the campaign is also for informing the consumers that the medicine with red lines on their label is antibiotic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DDA has directed the pharmaceutical industries and drugs importers to mandatorily print red lines on the label of antibiotics once the current stock is finished. It has also instructed the manufacturers and importers to use the red marks on antibiotics to be manufactured six months after this decision was made. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is stated that the provision of marking the label of antibiotics with red lines has been enforced so that the medicine users and non-medical health care staff, among others can easily identify the antibiotics and their use. This provision is in line with the international practice aimed at minimizing the use of antibiotics because of the resistance of infection due to misuse of such medicines. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">--- </span></span></span></p> ', 'published' => true, 'created' => '2023-09-03', 'modified' => '2023-09-03', 'keywords' => '', 'description' => '', 'sortorder' => '18631', 'image' => '20230903032259_anti.jpg', 'article_date' => '2023-09-03 15:22:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18900', 'article_category_id' => '1', 'title' => 'NRB Issues Development Bonds worth Rs 35.85 Billion within 3 Weeks', 'sub_title' => '', 'summary' => 'September 3: The government, which raised internal debt since the beginning of the current fiscal year, has raised Rs 35.85 billion in internal debt within three weeks.', '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 3: The government, which raised internal debt since the beginning of the current fiscal year, has raised Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35.85</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in internal debt within three weeks.</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"">Last year, the government raised such loan only in October, but now it has been raising internal debt from July, saying that the interest will be expensive later. The government's target is to raise domestic debt of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">240</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in this fiscal year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Prior to this, the central bank had issued development bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion with maturity period of six years on August 28.</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"">Banks, financial institutions, non-banking financial institutions, insurance companies, organized institutions and even ordinary citizens bought the development bonds.</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"">Before that, development bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion each were issued on August 3 and August 13 and bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.84</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion on August 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"">Nepal Rastra Bank is again issuing bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion on September 11.</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 that, it has scheduled to issue bonds worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion each on October 2, November 3, November 29 and December 13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","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 interest rate of the bonds issued by the central bank has been determined through negotiation. Interest is paid semi-annually. Provision has been made that loans can be taken/given by keeping these bonds as collateral. There is a provision that banks, financial institutions, non-banking financial institutions, insurance companies, organized institutions and Nepali citizens can purchase the bonds. </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"">Looking at the situation of the current fiscal year, it seems that the income of the government has decreased compared to the previous year. As of September 1, the government has collected more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">90</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.99 billion in taxes. The data of the Financial Comptroller General's Office show that the government collected taxes worth more than Rs </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"">0</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"">.13 billion during this period last year. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">By September 1 of the current fiscal year, the government has spent more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">68</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">19 billion. In the corresponding period last year, Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">51.59</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"">Although the government's income has decreased compared to last year, it seems that the expenditure has increased. However, the government has not stopped raising domestic debt. </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"">Sources at the Ministry of Finance say that this process will continue. "We have the obligation to pay the public debt we have taken including a large amount of interest in the coming days," said a senior official of the ministry. The government of Nepal has been taking internal loans as a source to fund the inadequate finance for economic development.</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 of September 1 in the current year, the government has spent more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">32</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.83</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion under the heading of financial management.</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 is the cost of interest paid on the public debt. Finance ministry officials say that since the price of the dollar has also increased compared to the previous year, it is affecting the payment of interest of foreign loans.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-09-03', 'modified' => '2023-09-03', 'keywords' => '', 'description' => '', 'sortorder' => '18630', 'image' => '20230903022728_1693705063.jpg', 'article_date' => '2023-09-03 14:26:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
