August 11: In order to improve the taxation system, the government started its homework to implement the tax-related programs announced in the budget for the current fiscal year (FY…
August 11: In order to improve the taxation system, the government started its homework to implement the tax-related programs announced in the budget for the current fiscal year (FY…
August 11: The Nepal Telecommunication Authority, the regulatory body of the telecommunication sector, has published a list of 48 internet service providers (ISPs) for not paying the royalty amount and tax for the Rural Telecommunication Development…
August 11: Nepal exported pashmina items worth Rs 3 billion in the last fiscal year (FY…
August 11: Nepal has achieved great progress in the electricity sector in the last 10…
The Department of Foreign Employment (DoFE) has restored its online service, which has come into operation from Thursday. The service had been temporarily disrupted since Tuesday due to the migration of the file server for the FEIMS…
Nepal Telecom has launched Fiber-to-the-Home (FTTH) internet service with speeds up to 1 Gbps (1000 Mbps), providing faster connectivity than ever before. Previously, the company was offering FTTH service with speeds up to 100…
The Nepal Stock Exchange(NEPSE) Index witnessed a minimal increase of 5.13 points or 0.24 percent and closed at 2066.05 on the last trading day of the…
The number of individuals obtaining work permits in Karnali Province has been on the rise recently. According to the Labour and Employment Office in Surkhet, during the fiscal year 2079/80 BS, a total of 3,300 people acquired new work…
August 10: Nepal Stock Exchange (NEPSE), the one and only securities market operator in Nepal so far, has given special priority to system development and management in this year's policies and…
August 10: The private sector has requested the government to make Janakpurdham one of the major destinations for religious tourism.…
August 10: A study has revealed that there is a shortage of subject matter experts in Nepal Rastra Bank (NRB) due to transfer of…
August 10: With the entrance of monsoon on June 14 this year, the monsoon-induced disaster has so far affected 50 districts of the…
August 10: Ride-sharing service provider Pathao Nepal has launched the 'Pathao Parcel'…
August 10: The cases of dengue fever are soaring across the country.…
The second 'Nepal Electric, and Electronics International Exhibition’ is scheduled to take place at Kathmandu's Bhrikuti Mandap. The exhibition focusing on electrical appliances and energy-related products will be held from September 1 to 3 in…
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]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' => '18711', 'article_category_id' => '1', 'title' => 'Government Starts Homework to Improve Taxation System', 'sub_title' => '', 'summary' => 'August 11: In order to improve the taxation system, the government started its homework to implement the tax-related programs announced in the budget for the current fiscal year (FY 2023/24).', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">August 11: In order to improve the taxation system, the government started its homework to implement the tax-related programs announced in the budget for the current fiscal year (FY 2023/24).</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Finance Minister Dr Prakash Sharan Mahat had announced while unveiling the budget on May 29 that the tax payers should pay taxes every month and the details should be submitted quarterly.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The Inland Revenue Department (IRD) under the Ministry of Finance has already started homework to implement this arrangement. Officials of the department say that homework has been started to develop the currently operating online system in accordance with the budget.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">According to the Director of IRD, Raju Prasad Pyakurel, the current online system is not developed in such a way that the records can be maintained on a quarterly basis. For this, the core team of the department is making necessary arrangements.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Taxpayers who are registered for value added tax and have annual turnover of up to Rs 10 million are currently required to submit their tax returns and their details every month. After the system upgrade, taxpayers will be able to submit tax returns and tax statements every 4 months. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Likewise, homework is being done to form a high-level committee for reforming the existing tax system. Department sources said that a high-level committee will be formed within the next week and will start work immediately. The department is also going to advance the work of interconnection and automation of the institutional information systems by integrating the financial transaction information.</span> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The budget for this FY has stated that the government will strengthen the information system and set the minimum limit of the transaction amount according to the nature of the transaction. Similarly, it was announced that tax payers who transact more than Rs 250 million per year will be included in the central invoice monitoring system in order to compulsorily issue invoices through the electronic system. Officials of the department say that they are making necessary preparations to implement it.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => 'tax, system, budget, Nepal, government, improvement, quarterly, four, months', 'description' => '', 'sortorder' => '18440', 'image' => '20230811041348_20200911125203_1599773733.Clipboard04.jpg', 'article_date' => '2023-08-11 16:08:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18710', 'article_category_id' => '1', 'title' => '48 Internet Service Providers Fail to Pay Royalties', 'sub_title' => '', 'summary' => 'August 11: The Nepal Telecommunication Authority, the regulatory body of the telecommunication sector, has published a list of 48 internet service providers (ISPs) for not paying the royalty amount and tax for the Rural Telecommunication Development Fund.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 11: The Nepal Telecommunication Authority, the regulatory body of the telecommunication sector, has published a list of 48 internet service providers (ISPs) for not paying the royalty amount and taxes under the heading of the Rural Telecommunication Development Fund.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The authority has issued a notification and asked the ISPs to submit the outstanding amount to be paid to the government by the mid-August in a designated bank account with fines. The ISPs have been instructed to clearly disclose their name and fiscal year for which the amount has been paid.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the authority, if the amount is not paid even within the specified period, action will be taken as per the rules.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the authority, big internet companies including Subisu, Classic Tech, Mercantile have not paid the royalty amount and Rural Telecommunication Development Fund taxes.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Telecommunications Act, 2053, the service providers licensed by the authority must deposit 4 percent of the total income as royalty and 2 percent of the total income under the Rural Telecommunication Development Fund every year. The NTA uses the amount deposited in the fund for the development, extension and operation of telecommunication services in the rural area as per the policy of government.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It is stated in the notice issued by the authority that despite repeated requests, the Internet service providers did not submit the amount.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the report published by the authority in December, 77 internet service providers had deposited more than Rs 1.67 billion. There are currently 128 internet service provider companies and 23 network service provider companies registered in Nepal.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18439', 'image' => '20230811012501_20230411103022_Internett.jpg', 'article_date' => '2023-08-11 13:22:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18709', 'article_category_id' => '1', 'title' => 'Export of Pashmina Items Increased by 15 Percent Last Year', 'sub_title' => '', 'summary' => 'August 11: Nepal exported pashmina items worth Rs 3 billion in the last fiscal year (FY 2022/23).', '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:"Nirmala UI","sans-serif"">August 11: Nepal exported pashmina items worth Rs 3 billion in the last fiscal year (FY 2022/23).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the Department of Customs, Nepal exported pashmina worth Rs 3.24 billion last year. This amount is 15 percent more than the previous year. In the previous year, Nepal earned foreign currencies worth Rs 2.82 billion from pashmina exports.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The income from pashmina exports has been increasing since the last four 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:"Nirmala UI","sans-serif"">If we look at the data of the Department of Customs, the volume of export of pashmina items has been increasing since </span></span><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">FY 2019/20</span></span><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Pashmina goods worth more than Rs 2.26 billion were exported in that year. In </span></span><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">FY 2020/21</span></span><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">, the export of pashmina increased to more than Rs 2.7 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:"Nirmala UI","sans-serif"">Businessmen are excited due to the increase in export of pashmina.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">They claim that its export amount will increase further in the coming days.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Pashmina was ranked 12th in terms of export earnings last year. Businessmen say it production and export of pashmina is important to reduce the country's trade deficit.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">President of Nepal Pashmina Industry Association Vijay Kumar Dugad says that there has been a lot of improvement in the pashmina industry after the Covid-19. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to him, the trade of Nepali pashmina has improved not only in foreign countries but also within Nepal. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">"After the Covid-19, the business of pashmina has increased in Thamel, Patan, Pokhara and other areas with the increase in the number of tourists visiting Nepal," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">He says that Nepal's exports have also improved. In previous years, only pashmina shawls and scarves were exported from Nepal. However, now the pattern of export has 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:"Nirmala UI","sans-serif"">There is a good demand for shawls, scarves, knitted sweaters, socks, blouses, in the international market, he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to Dugad, Nepali pashmina is mostly exported to countries like America, Japan and European 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:"Nirmala UI","sans-serif"">The government has introduced the 'Pashmina Export National Strategy' with the goal of increasing the export of pashmina to US dollars 75 million (more than Rs 9.96 billion based on the latest US dollar exchange rate) by 2026. As part of this strategy, the government has operated wool collection centers in Mustang, Manang, Dolpa and other districts to increase pashmina yarn production in Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Dugad informed that the farmers there have also been trained in extracting wool from chyangra, a kind of Himalayan sheep found in high altitude areas. According to him, 800 wool samples from 4 villages of Mustang have been sent to Mongolia to test the advanced breeds of sheep in Nepal. Nepal is now importing raw materials of pashmina from Mongolia, China and other 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:"Nirmala UI","sans-serif"">“The government has already started a lot of work under the Pashmina Export National Strategy. This is the reason why the export has improved. It seems that exports will increase in the coming days as well," said Dugad. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to him, there are about 15,000 industries related to pashmina across the country. He claims that nearly 50,000 people are directly employed in these industries.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18438', 'image' => '20230811120939_100_percent_1.jpg', 'article_date' => '2023-08-11 12:09:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18708', 'article_category_id' => '1', 'title' => 'Nepal makes Giant Stride in Electricity Generation in the Last Ten Years', 'sub_title' => '', 'summary' => 'August 11: Nepal has achieved great progress in the electricity sector in the last 10 years.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">August 11: Nepal has achieved great progress in the electricity sector in the last 10 years. Until 10 years ago, there used to be terrible load shedding while the power generation capacity was not even 1000 MW, and no electrification was available except in cities and market areas in Nepal. However, the situation has changed a lot now.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The installed capacity of electricity produced in Nepal has reached around 3,000 megawatts. About 1,000 megawatts of electricity is produced by the Electricity Authority and its subsidiary companies, while almost 2,000 megawatts of electricity is produced by the private sector including projects that started trial production but have not started commercial production yet. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Nepal is also earning foreign currency by exporting up to 500 megawatts of electricity during the rainy season. However, in winter, Nepal will have to continue importing electricity for a few more years.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">According to various studies, Nepal's power generation capacity is more than 200,000 megawatts. According to Prakash Dulal, Deputy Secretary General of the Independent Power Producers Association of Nepal (IPPAN), the financially feasible production capacity is 72,500 MW. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">According to this calculation, Nepal is currently producing only 4 percent of its capacity. Nepal has a potential to produce about 30,000 megawatts of solar power but has not yet produced even 100 megawatts. Solar energy is considered very important for energy mix.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">According to the data presented by IPPAN in various forums, hydroelectricity projects with capacity of 4,500 megawatts are currently under construction in Nepal with investments from the government, private sector and foreign investors.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Similarly, projects with capacity of around 10,000 megawatts are in a position to go into construction immediately if the investment and market is ensured. In addition to this, projects with capacity of 12,000 megawatts are awaiting power purchase and sale agreements, while projects of the same capacity are under study, says Deputy Secretary General Dulal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Assuming an average cost of Rs 20 million per megawatt, it seems that an investment of Rs 60 billion is required to generate 30,000 megawatts of electricity in 10 years. A study conducted by the Nepal Electricity Authority shows that an additional investment of around Rs 8 billion to Rs 10 billion is required for the construction of transmission lines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Indian investment in Nepal's hydropower</span></span></strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">India has started investing in Nepal's hydropower sector including the 900 MW Arun 3. Sutlej Jalvidyut Nigam, which is owned by the Government of India, invested in the project under construction in Sankhuwasabha. India, which has entered Nepal through Arun 3, has recently been looking to expand investment in Nepal extensively.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">India is showing interest in the construction of 3,000 megawatt capacity projects in the Arun river basin alone along with other three large projects in western Nepal as well. India also has a great interest in the Karnali river basin. However the private sector of India has not yet been able to advance any project in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">But after Prime Minister Pushpa Kamal Dahal's visit to India in May, India assured to buy 10,000 megawatts of electricity from Nepal in 10 years. The private sector of India is also now calculating profit and loss in hydropower generation in Nepal. Private sector promoters say that big Indian companies are looking for access to Nepal's electricity.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Hydropower projects that India intends to develop</span></span></strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">India is constructing Arun-3 of 900 MW in the Arun river basin in addition to signing of agreement to build the Lower Arun of 679 MW and Arun-4 of 490 MW.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Sources at the Ministry of Energy say that they are also proposing to build the 1,061 MW Upper Arun and 756 MW Tamor reservoir projects by themselves. In this way, it seems that India is trying to advance projects with a capacity of 2,986 MW in the Arun river basin alone. Similarly, in western Nepal, India has already signed an agreement to produce 7,680 megawatts of electricity by undertaking the 6,480 megawatt Pancheswar (Nepal-India joint venture), 750 megawatt West Seti, and 450 megawatt Seti river-6 projects. An agreement has been reached for the construction of 900 MW Upper Karnali, 480 MW Fukot Karnali hydropower projects in the Karnali river basin, while attempts are being made to construct the 1,902 MW Mugu Karnali and 10,800 MW Karnali Chisapani projects with Indian investment.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18437', 'image' => '20230811105846_electricity.jpg', 'article_date' => '2023-08-11 10:57:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18707', 'article_category_id' => '1', 'title' => 'DoFE's Online Service Back in Operation', 'sub_title' => '', 'summary' => 'The Department of Foreign Employment (DoFE) has restored its online service, which has come into operation from Thursday. The service had been temporarily disrupted since Tuesday due to the migration of the file server for the FEIMS system.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 11: The Department of Foreign Employment (DoFE) has restored its online service, which has come into operation from Thursday. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The service had been temporarily disrupted since Tuesday due to the migration of the file server for the FEIMS system.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Kabiraj Uprety, the Department's Information Officer and Director, confirmed that the online service has been fully restored, making the issuance of work permits a more streamlined process.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the restoration of the FEIMS system, the Department has commenced the approval process for work permits. A notice has been issued to service recipients, informing them of the service's reinstatement.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Consequently, individuals can now register their applications for labor permits online.</span></span></p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18436', 'image' => '20230811060633_collage (8).jpg', 'article_date' => '2023-08-11 06:04:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18706', 'article_category_id' => '1', 'title' => 'Nepal Telecom Launches Ultra-Fast FTTH Internet with1 Gbps Speed', 'sub_title' => '', 'summary' => 'Nepal Telecom has launched Fiber-to-the-Home (FTTH) internet service with speeds up to 1 Gbps (1000 Mbps), providing faster connectivity than ever before. Previously, the company was offering FTTH service with speeds up to 100 Mbps.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 11: Nepal Telecom has launched Fiber-to-the-Home (FTTH) internet service with speeds up to 1 Gbps (1000 Mbps), providing faster connectivity than ever before. Previously, the company was offering FTTH service with speeds up to 100 Mbps.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company has launched an ultra-fast internet service based on XG-PON (10 Gigabit Passive Optical Network) technology, which offers speeds of up to 1 Gbps, making it the fastest available internet service in Nepal. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This service will be offered in two packages: 500 Mbps and 1 Gbps. The downstream capacity for this service will be 10 Gbps, and the upstream capacity will be 2.5 Gbps.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With the Premium FTTH 500 Mbps package, unlimited calling is available within the Nepal Telecom network, while 350 minutes of calling are allowed to other networks each month. This package also includes 0.5 TB of daily data usage.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With the Premium FTTH 1 Gbps package, unlimited calling is available within the Nepal Telecom network, while 500 minutes of calling are allowed to other networks each month. This package also includes 1 TB of daily data usage.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Both packages include an IPTV, CPE (Customer Premises Equipment), a set-top box, and 300 meters of free drop fiber.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The 'Premium FTTH 500 Mbps' package is priced at Rs 80,000 annually, while the 'Premium FTTH 1 Gbps' package is priced at Rs 110,000 annually.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To subscribe to this service or other FTTH services, customers across the country can dial 198-1 (dialing 198 and then dialing 1 after receiving a message) for registration and inquiries related to service connection and maintenance. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For now, this service is available only in Kathmandu Valley, but it will soon be expanded to other areas. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Corporate customers who need fast and reliable internet for their business will benefit from this service.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18435', 'image' => '20230811055113_collage (7).jpg', 'article_date' => '2023-08-11 05:48:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18705', 'article_category_id' => '1', 'title' => 'NEPSE Registers Minimal Gain; Turnover Amount Rises ', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index witnessed a minimal increase of 5.13 points or 0.24 percent and closed at 2066.05 on the last trading day of the week-Thursday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 10: The Nepal Stock Exchange(NEPSE) Index witnessed a minimal increase of 5.13 points or 0.24 percent and closed at 2066.05 on the last trading day of the week-Thursday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary market had seen a substantial rise of 41.06 points yesterday after touching down the bottom of 2000 points. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index witnessed a total turnover of Rs 2.15 billion compared to yesterday’s turnover of Rs 1.88 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> During today's trading, a total of 269 scrips exchanged their hands through 57,789 transactions. As many as to 5,503,021 shares were traded amounting to Rs. 2.15 billion.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The sensitive index rose by 0. 28 percent, the float index increased by 0.15 percent, and the sensitive float index grew by 0.01 percent respectively. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Soaltee Hotel Limited (SHL) recorded the highest turnover, with an impressive amount of Rs. 16.95 crores, and closed at a market price of Rs. 461.70.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN) gained the highest 9.09% for the day. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Meanwhile, Himalayan Laghubitta Bittiya Sanstha Limited (HLBSL) experienced the highest decline of 6.53%.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Five sector indices closed in red, the "Hotel and Tourism" sector registered the highest gain of 2.67% whereas the "Finance" sector lost the highest, declining by 0.39%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18434', 'image' => '20230810061016_collage (5).jpg', 'article_date' => '2023-08-10 18:08:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18704', 'article_category_id' => '1', 'title' => 'Number of People Obtaining Work Permit Increasing in Karnali Province', 'sub_title' => '', 'summary' => 'The number of individuals obtaining work permits in Karnali Province has been on the rise recently. According to the Labour and Employment Office in Surkhet, during the fiscal year 2079/80 BS, a total of 3,300 people acquired new work permits.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 10: The number of individuals obtaining work permits in Karnali Province has been on the rise recently. According to the Labour and Employment Office in Surkhet, during the fiscal year 2079/80 BS, a total of 3,300 people acquired new work permits. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the fiscal year 2075/76 BS, 919 men and 7 women had their work permits renewed. Similarly, in the fiscal year 2076/77 BS, 1,990 men and 36 women obtained work permits, followed by 667 men and 8 women in the fiscal year 2077/78 BS, and 1,005 men and 26 women in the fiscal year 2078/79 BS.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Nirmala Regmi, the Information Officer, stated that the growing trend of people seeking foreign employment is driven by the higher remuneration offered in other countries compared to Nepal. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The number of individuals choosing to work in countries such as Saudi Arabia, Qatar, Malaysia, Bahrain, Kuwait, United Arab Emirates, Croatia, Poland, Romania, Hungary, Moldova, and Belarus has been increasing.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Salyan district in Karnali Province has recorded the highest number of individuals opting for overseas employment, said Regmi. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18433', 'image' => '20230810044614_collage (4).jpg', 'article_date' => '2023-08-10 16:44:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18702', 'article_category_id' => '1', 'title' => 'NEPSE’s Policy and Programmes to Focus on System Development', 'sub_title' => '', 'summary' => 'August 10: Nepal Stock Exchange (NEPSE), the one and only securities market operator in Nepal so far, has given special priority to system development and management in this year's policies and programs.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">August 10: Nepal Stock Exchange (NEPSE), the one and only securities market operator in Nepal so far, has given special priority to system development and management in this year's policy and programmes. This year, NEPSE will conduct various programs under the headings of system development and management, staff and organization management, capital market awareness, physical infrastructure development and office management, along with strengthening institutional governance, study research, business monitoring and supervision; regulation and formulation of procedure; and risk management and compliance.</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"">NEPSE, which is providing an opportunity for all Nepalis to do business in the secondary market easily from all over the world through online technology, has put forward a plan to buy tested online trading software of international standard for system development this year. This year's policy and program of NEPSE also includes the plan to renew the software used by Nepse, and to sign to an annual maintenance contract for the maintenance of hardware, website, power system and other services. </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"">NEPSE also plans to buy necessary licenses, software, and hardware for the operation of office equipment along with a program of building a new data center this year. </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"">Information Officer Murahari Parajuli says that the number of Demat account openings has reached more than 5.8 million and more than 1.6 million investors have participated in the securities market trading.</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"">Parajuli also informed that NEPSE is planning to finalize the plan to issue IPO. According to Parajuli, the IPO will be issued after receiving approval from the Ministry of Finance. At present, the paid-up capital of NEPSE is Rs 500 million. </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 Securities Board of Nepal is preparing to issue license to a new stock exchange with paid-up capital of Rs 3 billion.</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"">Although it is not mandatory for NEPSE to increase its paid-up capital, it wants to issue IPO to remain competitive in the market.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18431', 'image' => '20230810032251_blank - Copy.jpg', 'article_date' => '2023-08-10 15:19:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18700', 'article_category_id' => '1', 'title' => '‘Janakpurdham can become a Major Religious and Tourism Hub’', 'sub_title' => '', 'summary' => 'August 10: The private sector has requested the government to make Janakpurdham one of the major destinations for religious tourism. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">August 10: The private sector has requested the government to make Janakpurdham one of the major destinations for religious tourism. The speakers during a discussion on 'The Meaning of Dhanusha - Social Transformation' demanded to make Janakpur a tourist city. The event was organized jointly by the Madhesh Province Chapter of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI) in coordination with New Business Age on Wednesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Tourism in Janakpur will thrive if all three tiers of government create a favourable environment at the Nepal-India border, said Ashok Kumar Temani, president of the Madhesh Province chapter of FNCCI.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">He added that if the federal, state and local governments promote the agricultural sector, Nepal can be self-sufficient in food. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Madan Lamsal, chairman and editor-in-chief of New Business Age, said that although Madhesh Province is ahead in terms of economic potential, the opportunities have not been utilized. Lamsal also said that if the potential of Madhesh can be utilized, it will help to uplift the country's economy.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Jitendra Mahaseth, president of the Janakpurdham Industry and Commerce Association, said that developing Janakpurdham as a religious tourism zone will help in sustaining the local economy. He said that it is unfortunate that there is no international airport in Janakpurdham although it is a major religious, economic and commercial area.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">He commented that even though the youths who went abroad from Dhanusha send millions of remittances every year, the government has not been able to come up with a concrete program to create jobs at the local level.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">During the program, former president of the Janakpurdham Chamber of Commerce and Industry, Shivshankar Sah said that the shrine of Muslim religious guru Shere Nepal in Lohnama of Dhanusha and Rouja shrine of Mahottari should be developed as religious tourism areas for Muslims. He hoped that this would increase the arrival of Muslim tourists as well. He alleged that the state has always neglected the Janaki temple and religious places in Janakpur.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Chaudhary, the former president of the Janakpurdham Chamber of Commerce and Industry, pointed out the need to connect the Janakpur-Jatahi 6-lane road in Dhanusha with Madhubani district of Bihar state in India. He said that it will take 150 km less to reach Kolkata port from Jatahi crossing than from other border points in Nepal.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18429', 'image' => '20230810024521_20200223011349_1111.jpg', 'article_date' => '2023-08-10 14:44:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18699', 'article_category_id' => '1', 'title' => 'NRB Lacks Experts in Various Departments due to Transfer of Staff', 'sub_title' => '', 'summary' => 'August 10: A study has revealed that there is a shortage of subject matter experts in Nepal Rastra Bank (NRB) due to transfer of employees.', '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"">August 10: A study has revealed that there is a shortage of subject matter experts in Nepal Rastra Bank (NRB) due to transfer of employees.</span></span></span></span></p> <p><span style="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 study conducted by the Human Resources Department of the central bank has been found that although some departments require employees with expertise in related fields, they are not appointed when employees are transferred from time to time.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report mentions that the transfer of staff without bringing a replacement has been affecting the departments that need expertise. Also, the need for timely changes in the employee transfer policy has also been pointed out by the report.</span></span></span></span></p> <p><span style="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 survey conducted among the employees has suggested to implement 'performance-based pay'. There is no provision for payment based on productivity among NRB employees. </span></span></span></span></p> <p><span style="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 study found that the employees who work more are not motivated to work because they get paid equal to those who work less.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the study has pointed out that employees are using informal channels to raise their demands and this has become a challenge. </span></span></span></span></p> <p><span style="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 last fiscal year, there were 1,082 employees working in the central bank, of which 52 percent were officers. Likewise, 75 percent of the employees were male. Among the employees, 1 percent had PhD degree, 1 percent MPhil, 61 percent Masters degree, 5 percent CA, 19 percent Bachelors percent and 7 percent were SLC gradyuates.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => 'Nepal, Rastra, Bank, NRB, employee, survey, study, expert, transfer, degree', 'description' => '', 'sortorder' => '18428', 'image' => '20230810013340_1691631319.1690100420[1].jpg', 'article_date' => '2023-08-10 13:32:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18698', 'article_category_id' => '1', 'title' => 'Disaster Affects 50 Districts, Death Toll Rises to 41 ', 'sub_title' => '', 'summary' => 'August 10: With the entrance of monsoon on June 14 this year, the monsoon-induced disaster has so far affected 50 districts of the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 10: With the entrance of monsoon on June 14 this year, the monsoon-induced disaster has so far affected 50 districts of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Home Ministry, as many as 41 people have lost their lives so far and 31 have disappeared in the monsoon-induced disaster, including floods and landslides. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Joint-Secretary Mahadev Panthi, chief of the Home Ministry's Disaster and Conflict Management Division, informed RSS that at least 55 people were injured in the incidents of natural calamities in various districts. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, loss of lives has been reported in 20 out of 50 disaster-hit districts. Likewise, people from six districts, including Sankhuwasabha, Taplejung, Panchthar, Dolakha, Makawanpur and Mahottari, went missing in the disastrous incidents, Panthi added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the data base of the Ministry, 55 people from 28 districts have sustained injuries. In the incidents, a total of 130 houses were completely damaged while 193 houses were partially damaged. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A huge loss of lives and properties was reported in the eastern districts of Nepal, including Panchthar, Sankhuwasabha and Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The incidents of intermittent downpours during the monsoon triggered floods and landslides in different districts. Some districts have yet to witness rainfall this year. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18427', 'image' => '20230810010059_20230621083955_DSC05808.jpg', 'article_date' => '2023-08-10 13:00:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18697', 'article_category_id' => '1', 'title' => 'Pathao Nepal Launches Parcel Service', 'sub_title' => '', 'summary' => 'August 10: Ride-sharing service provider Pathao Nepal has launched the 'Pathao Parcel' service.', '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"">August 10: Ride-sharing service provider Pathao Nepal has launched the 'Pathao Parcel' service. Pathao Nepal’s Spokesperson Shashank Shamsher Thapa said that the parcel service allows people to deliver goods anywhere within the Kathmandu valley.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pathao said that this service can be availed through Pathao's mobile app.</span></span></span></span></p> <p><span style="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 person sending or receiving the parcel service can pay for the service. Thapa said that if there is any loss/damage while parceling the goods, Pathao will pay compensation up to Rs 2,000.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Service seekers can send a maximum of two kilograms of goods through the parcel service which is available 24 hours a day.</span></span></span></span></p> <p><span style="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 service was under trial phase for some time but now it has been fully implemented since Wednesday.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18426', 'image' => '20230810121611_1691637709.2023-08-10 09.06.13_11zon.jpg', 'article_date' => '2023-08-10 12:15:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18696', 'article_category_id' => '1', 'title' => 'Dengue Infection Rising Across Nepal, Cases Exceed 10,000 ', 'sub_title' => '', 'summary' => 'August 10: The cases of dengue fever are soaring across the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 10: The cases of dengue fever are soaring across the country. According to the Epidemiology and Disease Control Division, the disease has spread to 74 districts with 10,726 diagnosed cases. It has so far caused seven fatalities. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Director of the division Dr Rudra Prasad Marasini said that monsoon rains and inadequate sanitation practice have led to the rise in infection. If the ongoing trend persists, the infection is anticipated to reach its peak during August-September. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In 2022, the country reported 54,784 cases with 88 fatalities. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Among the districts dealing with the infection, Sunsari has the highest number of cases at 6,041. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Dengue is caused by the mosquitoes called Aedes aegypti and Aedes albopictus. It breeds in places where clean water gets accumulated. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Among the provinces, Koshi Province has reported the highest number of infection with 8,109 cases followed by 1,453 cases in Bagmati, 471 in Gandaki, 393 in Sudurpaschim, 215 in Lumbini, 57 in the Madhesh and 28 in Karnali. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Dengue was first detected in Nepal in the year 2004. Cases of dengue fever increased in 2006, 2010, 2012, 2013, 2017 and 2019.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the available data, 32 infection cases were recorded in 2006 AD, 917 in 2010 AD, 686 in 2013 AD, 1,527 in 2016 AD, 2,111 in 2017 AD, 811 in 2018 AD, 17,992 in 2019 AD, 530 in 2020 AD and 540 in 2021 AD .</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The mosque-borne disease which was mostly found in Terai-Madhes has also been increasingly detected in mountainous cities, including Pokhara and Kathmandu since 2018. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the rise in mercury level in mountainous region due to climate change, dengue cases have been detected in places where it was never reported before. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to government officials, dengue patients have also been detected in Humla, Jumla, Mugu and Dolpa in recent years.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The government has appealed to one and all to use mosquito nets at night, wear full-sleeve clothes during farm work, and install wire mesh doors and windows to avoid contracting the disease.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the government has recommended the use of mosquito repellant coils, liquid or ointment, proper management of domesticated animals and removal of puddle. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => 'Dengue, Nepal, cases, soaring, rising, increasing, mosquito', 'description' => '', 'sortorder' => '18425', 'image' => '20230810111539_dengue-test_650x400_61442241844.jpg', 'article_date' => '2023-08-10 11:14:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18695', 'article_category_id' => '1', 'title' => 'Second 'Nepal Electric, and Electronics International Exhibition’ Scheduled from September 1 to 3', 'sub_title' => '', 'summary' => 'The second 'Nepal Electric, and Electronics International Exhibition’ is scheduled to take place at Kathmandu's Bhrikuti Mandap. The exhibition focusing on electrical appliances and energy-related products will be held from September 1 to 3 in Kathmandu.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 10: The second 'Nepal Electric, and Electronics International Exhibition’ is scheduled to take place at Kathmandu's Bhrikuti Mandap. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition focusing on electrical appliances and energy-related products will be held from September 1 to 3 in Kathmandu. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Media Space Solutions, Exhibition and Trade Services India Private Limited, and Futurex Trade Fairs and Events Private Limited are jointly organizing the exhibition. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the theme 'Exposition, Conference, and Partnership', the organizers aim to foster collaboration between electricity, major electrical equipment, household electrical supplies, and various industries engaged in energy. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition will introduce newly developed electrical appliances to Nepali consumers. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The entry to exhibition will be free of charge. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> </span></span></p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18424', 'image' => '20230810060630_collage (6).jpg', 'article_date' => '2023-08-10 06:03:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18711', 'article_category_id' => '1', 'title' => 'Government Starts Homework to Improve Taxation System', 'sub_title' => '', 'summary' => 'August 11: In order to improve the taxation system, the government started its homework to implement the tax-related programs announced in the budget for the current fiscal year (FY 2023/24).', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">August 11: In order to improve the taxation system, the government started its homework to implement the tax-related programs announced in the budget for the current fiscal year (FY 2023/24).</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Finance Minister Dr Prakash Sharan Mahat had announced while unveiling the budget on May 29 that the tax payers should pay taxes every month and the details should be submitted quarterly.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The Inland Revenue Department (IRD) under the Ministry of Finance has already started homework to implement this arrangement. Officials of the department say that homework has been started to develop the currently operating online system in accordance with the budget.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">According to the Director of IRD, Raju Prasad Pyakurel, the current online system is not developed in such a way that the records can be maintained on a quarterly basis. For this, the core team of the department is making necessary arrangements.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Taxpayers who are registered for value added tax and have annual turnover of up to Rs 10 million are currently required to submit their tax returns and their details every month. After the system upgrade, taxpayers will be able to submit tax returns and tax statements every 4 months. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Likewise, homework is being done to form a high-level committee for reforming the existing tax system. Department sources said that a high-level committee will be formed within the next week and will start work immediately. The department is also going to advance the work of interconnection and automation of the institutional information systems by integrating the financial transaction information.</span> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The budget for this FY has stated that the government will strengthen the information system and set the minimum limit of the transaction amount according to the nature of the transaction. Similarly, it was announced that tax payers who transact more than Rs 250 million per year will be included in the central invoice monitoring system in order to compulsorily issue invoices through the electronic system. Officials of the department say that they are making necessary preparations to implement it.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => 'tax, system, budget, Nepal, government, improvement, quarterly, four, months', 'description' => '', 'sortorder' => '18440', 'image' => '20230811041348_20200911125203_1599773733.Clipboard04.jpg', 'article_date' => '2023-08-11 16:08:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18710', 'article_category_id' => '1', 'title' => '48 Internet Service Providers Fail to Pay Royalties', 'sub_title' => '', 'summary' => 'August 11: The Nepal Telecommunication Authority, the regulatory body of the telecommunication sector, has published a list of 48 internet service providers (ISPs) for not paying the royalty amount and tax for the Rural Telecommunication Development Fund.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 11: The Nepal Telecommunication Authority, the regulatory body of the telecommunication sector, has published a list of 48 internet service providers (ISPs) for not paying the royalty amount and taxes under the heading of the Rural Telecommunication Development Fund.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The authority has issued a notification and asked the ISPs to submit the outstanding amount to be paid to the government by the mid-August in a designated bank account with fines. The ISPs have been instructed to clearly disclose their name and fiscal year for which the amount has been paid.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the authority, if the amount is not paid even within the specified period, action will be taken as per the rules.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the authority, big internet companies including Subisu, Classic Tech, Mercantile have not paid the royalty amount and Rural Telecommunication Development Fund taxes.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Telecommunications Act, 2053, the service providers licensed by the authority must deposit 4 percent of the total income as royalty and 2 percent of the total income under the Rural Telecommunication Development Fund every year. The NTA uses the amount deposited in the fund for the development, extension and operation of telecommunication services in the rural area as per the policy of government.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It is stated in the notice issued by the authority that despite repeated requests, the Internet service providers did not submit the amount.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the report published by the authority in December, 77 internet service providers had deposited more than Rs 1.67 billion. There are currently 128 internet service provider companies and 23 network service provider companies registered in Nepal.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18439', 'image' => '20230811012501_20230411103022_Internett.jpg', 'article_date' => '2023-08-11 13:22:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18709', 'article_category_id' => '1', 'title' => 'Export of Pashmina Items Increased by 15 Percent Last Year', 'sub_title' => '', 'summary' => 'August 11: Nepal exported pashmina items worth Rs 3 billion in the last fiscal year (FY 2022/23).', '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:"Nirmala UI","sans-serif"">August 11: Nepal exported pashmina items worth Rs 3 billion in the last fiscal year (FY 2022/23).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the Department of Customs, Nepal exported pashmina worth Rs 3.24 billion last year. This amount is 15 percent more than the previous year. In the previous year, Nepal earned foreign currencies worth Rs 2.82 billion from pashmina exports.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The income from pashmina exports has been increasing since the last four 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:"Nirmala UI","sans-serif"">If we look at the data of the Department of Customs, the volume of export of pashmina items has been increasing since </span></span><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">FY 2019/20</span></span><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Pashmina goods worth more than Rs 2.26 billion were exported in that year. In </span></span><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">FY 2020/21</span></span><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">, the export of pashmina increased to more than Rs 2.7 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:"Nirmala UI","sans-serif"">Businessmen are excited due to the increase in export of pashmina.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">They claim that its export amount will increase further in the coming days.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Pashmina was ranked 12th in terms of export earnings last year. Businessmen say it production and export of pashmina is important to reduce the country's trade deficit.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">President of Nepal Pashmina Industry Association Vijay Kumar Dugad says that there has been a lot of improvement in the pashmina industry after the Covid-19. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to him, the trade of Nepali pashmina has improved not only in foreign countries but also within Nepal. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">"After the Covid-19, the business of pashmina has increased in Thamel, Patan, Pokhara and other areas with the increase in the number of tourists visiting Nepal," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">He says that Nepal's exports have also improved. In previous years, only pashmina shawls and scarves were exported from Nepal. However, now the pattern of export has 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:"Nirmala UI","sans-serif"">There is a good demand for shawls, scarves, knitted sweaters, socks, blouses, in the international market, he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to Dugad, Nepali pashmina is mostly exported to countries like America, Japan and European 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:"Nirmala UI","sans-serif"">The government has introduced the 'Pashmina Export National Strategy' with the goal of increasing the export of pashmina to US dollars 75 million (more than Rs 9.96 billion based on the latest US dollar exchange rate) by 2026. As part of this strategy, the government has operated wool collection centers in Mustang, Manang, Dolpa and other districts to increase pashmina yarn production in Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Dugad informed that the farmers there have also been trained in extracting wool from chyangra, a kind of Himalayan sheep found in high altitude areas. According to him, 800 wool samples from 4 villages of Mustang have been sent to Mongolia to test the advanced breeds of sheep in Nepal. Nepal is now importing raw materials of pashmina from Mongolia, China and other 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:"Nirmala UI","sans-serif"">“The government has already started a lot of work under the Pashmina Export National Strategy. This is the reason why the export has improved. It seems that exports will increase in the coming days as well," said Dugad. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to him, there are about 15,000 industries related to pashmina across the country. He claims that nearly 50,000 people are directly employed in these industries.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18438', 'image' => '20230811120939_100_percent_1.jpg', 'article_date' => '2023-08-11 12:09:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18708', 'article_category_id' => '1', 'title' => 'Nepal makes Giant Stride in Electricity Generation in the Last Ten Years', 'sub_title' => '', 'summary' => 'August 11: Nepal has achieved great progress in the electricity sector in the last 10 years.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">August 11: Nepal has achieved great progress in the electricity sector in the last 10 years. Until 10 years ago, there used to be terrible load shedding while the power generation capacity was not even 1000 MW, and no electrification was available except in cities and market areas in Nepal. However, the situation has changed a lot now.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The installed capacity of electricity produced in Nepal has reached around 3,000 megawatts. About 1,000 megawatts of electricity is produced by the Electricity Authority and its subsidiary companies, while almost 2,000 megawatts of electricity is produced by the private sector including projects that started trial production but have not started commercial production yet. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Nepal is also earning foreign currency by exporting up to 500 megawatts of electricity during the rainy season. However, in winter, Nepal will have to continue importing electricity for a few more years.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">According to various studies, Nepal's power generation capacity is more than 200,000 megawatts. According to Prakash Dulal, Deputy Secretary General of the Independent Power Producers Association of Nepal (IPPAN), the financially feasible production capacity is 72,500 MW. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">According to this calculation, Nepal is currently producing only 4 percent of its capacity. Nepal has a potential to produce about 30,000 megawatts of solar power but has not yet produced even 100 megawatts. Solar energy is considered very important for energy mix.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">According to the data presented by IPPAN in various forums, hydroelectricity projects with capacity of 4,500 megawatts are currently under construction in Nepal with investments from the government, private sector and foreign investors.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Similarly, projects with capacity of around 10,000 megawatts are in a position to go into construction immediately if the investment and market is ensured. In addition to this, projects with capacity of 12,000 megawatts are awaiting power purchase and sale agreements, while projects of the same capacity are under study, says Deputy Secretary General Dulal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Assuming an average cost of Rs 20 million per megawatt, it seems that an investment of Rs 60 billion is required to generate 30,000 megawatts of electricity in 10 years. A study conducted by the Nepal Electricity Authority shows that an additional investment of around Rs 8 billion to Rs 10 billion is required for the construction of transmission lines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Indian investment in Nepal's hydropower</span></span></strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">India has started investing in Nepal's hydropower sector including the 900 MW Arun 3. Sutlej Jalvidyut Nigam, which is owned by the Government of India, invested in the project under construction in Sankhuwasabha. India, which has entered Nepal through Arun 3, has recently been looking to expand investment in Nepal extensively.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">India is showing interest in the construction of 3,000 megawatt capacity projects in the Arun river basin alone along with other three large projects in western Nepal as well. India also has a great interest in the Karnali river basin. However the private sector of India has not yet been able to advance any project in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">But after Prime Minister Pushpa Kamal Dahal's visit to India in May, India assured to buy 10,000 megawatts of electricity from Nepal in 10 years. The private sector of India is also now calculating profit and loss in hydropower generation in Nepal. Private sector promoters say that big Indian companies are looking for access to Nepal's electricity.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Hydropower projects that India intends to develop</span></span></strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">India is constructing Arun-3 of 900 MW in the Arun river basin in addition to signing of agreement to build the Lower Arun of 679 MW and Arun-4 of 490 MW.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Sources at the Ministry of Energy say that they are also proposing to build the 1,061 MW Upper Arun and 756 MW Tamor reservoir projects by themselves. In this way, it seems that India is trying to advance projects with a capacity of 2,986 MW in the Arun river basin alone. Similarly, in western Nepal, India has already signed an agreement to produce 7,680 megawatts of electricity by undertaking the 6,480 megawatt Pancheswar (Nepal-India joint venture), 750 megawatt West Seti, and 450 megawatt Seti river-6 projects. An agreement has been reached for the construction of 900 MW Upper Karnali, 480 MW Fukot Karnali hydropower projects in the Karnali river basin, while attempts are being made to construct the 1,902 MW Mugu Karnali and 10,800 MW Karnali Chisapani projects with Indian investment.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18437', 'image' => '20230811105846_electricity.jpg', 'article_date' => '2023-08-11 10:57:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18707', 'article_category_id' => '1', 'title' => 'DoFE's Online Service Back in Operation', 'sub_title' => '', 'summary' => 'The Department of Foreign Employment (DoFE) has restored its online service, which has come into operation from Thursday. The service had been temporarily disrupted since Tuesday due to the migration of the file server for the FEIMS system.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 11: The Department of Foreign Employment (DoFE) has restored its online service, which has come into operation from Thursday. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The service had been temporarily disrupted since Tuesday due to the migration of the file server for the FEIMS system.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Kabiraj Uprety, the Department's Information Officer and Director, confirmed that the online service has been fully restored, making the issuance of work permits a more streamlined process.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the restoration of the FEIMS system, the Department has commenced the approval process for work permits. A notice has been issued to service recipients, informing them of the service's reinstatement.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Consequently, individuals can now register their applications for labor permits online.</span></span></p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18436', 'image' => '20230811060633_collage (8).jpg', 'article_date' => '2023-08-11 06:04:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18706', 'article_category_id' => '1', 'title' => 'Nepal Telecom Launches Ultra-Fast FTTH Internet with1 Gbps Speed', 'sub_title' => '', 'summary' => 'Nepal Telecom has launched Fiber-to-the-Home (FTTH) internet service with speeds up to 1 Gbps (1000 Mbps), providing faster connectivity than ever before. Previously, the company was offering FTTH service with speeds up to 100 Mbps.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 11: Nepal Telecom has launched Fiber-to-the-Home (FTTH) internet service with speeds up to 1 Gbps (1000 Mbps), providing faster connectivity than ever before. Previously, the company was offering FTTH service with speeds up to 100 Mbps.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company has launched an ultra-fast internet service based on XG-PON (10 Gigabit Passive Optical Network) technology, which offers speeds of up to 1 Gbps, making it the fastest available internet service in Nepal. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This service will be offered in two packages: 500 Mbps and 1 Gbps. The downstream capacity for this service will be 10 Gbps, and the upstream capacity will be 2.5 Gbps.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With the Premium FTTH 500 Mbps package, unlimited calling is available within the Nepal Telecom network, while 350 minutes of calling are allowed to other networks each month. This package also includes 0.5 TB of daily data usage.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With the Premium FTTH 1 Gbps package, unlimited calling is available within the Nepal Telecom network, while 500 minutes of calling are allowed to other networks each month. This package also includes 1 TB of daily data usage.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Both packages include an IPTV, CPE (Customer Premises Equipment), a set-top box, and 300 meters of free drop fiber.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The 'Premium FTTH 500 Mbps' package is priced at Rs 80,000 annually, while the 'Premium FTTH 1 Gbps' package is priced at Rs 110,000 annually.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To subscribe to this service or other FTTH services, customers across the country can dial 198-1 (dialing 198 and then dialing 1 after receiving a message) for registration and inquiries related to service connection and maintenance. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For now, this service is available only in Kathmandu Valley, but it will soon be expanded to other areas. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Corporate customers who need fast and reliable internet for their business will benefit from this service.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18435', 'image' => '20230811055113_collage (7).jpg', 'article_date' => '2023-08-11 05:48:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18705', 'article_category_id' => '1', 'title' => 'NEPSE Registers Minimal Gain; Turnover Amount Rises ', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index witnessed a minimal increase of 5.13 points or 0.24 percent and closed at 2066.05 on the last trading day of the week-Thursday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 10: The Nepal Stock Exchange(NEPSE) Index witnessed a minimal increase of 5.13 points or 0.24 percent and closed at 2066.05 on the last trading day of the week-Thursday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary market had seen a substantial rise of 41.06 points yesterday after touching down the bottom of 2000 points. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index witnessed a total turnover of Rs 2.15 billion compared to yesterday’s turnover of Rs 1.88 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> During today's trading, a total of 269 scrips exchanged their hands through 57,789 transactions. As many as to 5,503,021 shares were traded amounting to Rs. 2.15 billion.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The sensitive index rose by 0. 28 percent, the float index increased by 0.15 percent, and the sensitive float index grew by 0.01 percent respectively. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Soaltee Hotel Limited (SHL) recorded the highest turnover, with an impressive amount of Rs. 16.95 crores, and closed at a market price of Rs. 461.70.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN) gained the highest 9.09% for the day. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Meanwhile, Himalayan Laghubitta Bittiya Sanstha Limited (HLBSL) experienced the highest decline of 6.53%.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Five sector indices closed in red, the "Hotel and Tourism" sector registered the highest gain of 2.67% whereas the "Finance" sector lost the highest, declining by 0.39%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18434', 'image' => '20230810061016_collage (5).jpg', 'article_date' => '2023-08-10 18:08:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18704', 'article_category_id' => '1', 'title' => 'Number of People Obtaining Work Permit Increasing in Karnali Province', 'sub_title' => '', 'summary' => 'The number of individuals obtaining work permits in Karnali Province has been on the rise recently. According to the Labour and Employment Office in Surkhet, during the fiscal year 2079/80 BS, a total of 3,300 people acquired new work permits.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 10: The number of individuals obtaining work permits in Karnali Province has been on the rise recently. According to the Labour and Employment Office in Surkhet, during the fiscal year 2079/80 BS, a total of 3,300 people acquired new work permits. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the fiscal year 2075/76 BS, 919 men and 7 women had their work permits renewed. Similarly, in the fiscal year 2076/77 BS, 1,990 men and 36 women obtained work permits, followed by 667 men and 8 women in the fiscal year 2077/78 BS, and 1,005 men and 26 women in the fiscal year 2078/79 BS.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Nirmala Regmi, the Information Officer, stated that the growing trend of people seeking foreign employment is driven by the higher remuneration offered in other countries compared to Nepal. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The number of individuals choosing to work in countries such as Saudi Arabia, Qatar, Malaysia, Bahrain, Kuwait, United Arab Emirates, Croatia, Poland, Romania, Hungary, Moldova, and Belarus has been increasing.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Salyan district in Karnali Province has recorded the highest number of individuals opting for overseas employment, said Regmi. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18433', 'image' => '20230810044614_collage (4).jpg', 'article_date' => '2023-08-10 16:44:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18702', 'article_category_id' => '1', 'title' => 'NEPSE’s Policy and Programmes to Focus on System Development', 'sub_title' => '', 'summary' => 'August 10: Nepal Stock Exchange (NEPSE), the one and only securities market operator in Nepal so far, has given special priority to system development and management in this year's policies and programs.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">August 10: Nepal Stock Exchange (NEPSE), the one and only securities market operator in Nepal so far, has given special priority to system development and management in this year's policy and programmes. This year, NEPSE will conduct various programs under the headings of system development and management, staff and organization management, capital market awareness, physical infrastructure development and office management, along with strengthening institutional governance, study research, business monitoring and supervision; regulation and formulation of procedure; and risk management and compliance.</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"">NEPSE, which is providing an opportunity for all Nepalis to do business in the secondary market easily from all over the world through online technology, has put forward a plan to buy tested online trading software of international standard for system development this year. This year's policy and program of NEPSE also includes the plan to renew the software used by Nepse, and to sign to an annual maintenance contract for the maintenance of hardware, website, power system and other services. </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"">NEPSE also plans to buy necessary licenses, software, and hardware for the operation of office equipment along with a program of building a new data center this year. </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"">Information Officer Murahari Parajuli says that the number of Demat account openings has reached more than 5.8 million and more than 1.6 million investors have participated in the securities market trading.</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"">Parajuli also informed that NEPSE is planning to finalize the plan to issue IPO. According to Parajuli, the IPO will be issued after receiving approval from the Ministry of Finance. At present, the paid-up capital of NEPSE is Rs 500 million. </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 Securities Board of Nepal is preparing to issue license to a new stock exchange with paid-up capital of Rs 3 billion.</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"">Although it is not mandatory for NEPSE to increase its paid-up capital, it wants to issue IPO to remain competitive in the market.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18431', 'image' => '20230810032251_blank - Copy.jpg', 'article_date' => '2023-08-10 15:19:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18700', 'article_category_id' => '1', 'title' => '‘Janakpurdham can become a Major Religious and Tourism Hub’', 'sub_title' => '', 'summary' => 'August 10: The private sector has requested the government to make Janakpurdham one of the major destinations for religious tourism. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">August 10: The private sector has requested the government to make Janakpurdham one of the major destinations for religious tourism. The speakers during a discussion on 'The Meaning of Dhanusha - Social Transformation' demanded to make Janakpur a tourist city. The event was organized jointly by the Madhesh Province Chapter of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI) in coordination with New Business Age on Wednesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Tourism in Janakpur will thrive if all three tiers of government create a favourable environment at the Nepal-India border, said Ashok Kumar Temani, president of the Madhesh Province chapter of FNCCI.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">He added that if the federal, state and local governments promote the agricultural sector, Nepal can be self-sufficient in food. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Madan Lamsal, chairman and editor-in-chief of New Business Age, said that although Madhesh Province is ahead in terms of economic potential, the opportunities have not been utilized. Lamsal also said that if the potential of Madhesh can be utilized, it will help to uplift the country's economy.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Jitendra Mahaseth, president of the Janakpurdham Industry and Commerce Association, said that developing Janakpurdham as a religious tourism zone will help in sustaining the local economy. He said that it is unfortunate that there is no international airport in Janakpurdham although it is a major religious, economic and commercial area.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">He commented that even though the youths who went abroad from Dhanusha send millions of remittances every year, the government has not been able to come up with a concrete program to create jobs at the local level.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">During the program, former president of the Janakpurdham Chamber of Commerce and Industry, Shivshankar Sah said that the shrine of Muslim religious guru Shere Nepal in Lohnama of Dhanusha and Rouja shrine of Mahottari should be developed as religious tourism areas for Muslims. He hoped that this would increase the arrival of Muslim tourists as well. He alleged that the state has always neglected the Janaki temple and religious places in Janakpur.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Chaudhary, the former president of the Janakpurdham Chamber of Commerce and Industry, pointed out the need to connect the Janakpur-Jatahi 6-lane road in Dhanusha with Madhubani district of Bihar state in India. He said that it will take 150 km less to reach Kolkata port from Jatahi crossing than from other border points in Nepal.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18429', 'image' => '20230810024521_20200223011349_1111.jpg', 'article_date' => '2023-08-10 14:44:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18699', 'article_category_id' => '1', 'title' => 'NRB Lacks Experts in Various Departments due to Transfer of Staff', 'sub_title' => '', 'summary' => 'August 10: A study has revealed that there is a shortage of subject matter experts in Nepal Rastra Bank (NRB) due to transfer of employees.', '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"">August 10: A study has revealed that there is a shortage of subject matter experts in Nepal Rastra Bank (NRB) due to transfer of employees.</span></span></span></span></p> <p><span style="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 study conducted by the Human Resources Department of the central bank has been found that although some departments require employees with expertise in related fields, they are not appointed when employees are transferred from time to time.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report mentions that the transfer of staff without bringing a replacement has been affecting the departments that need expertise. Also, the need for timely changes in the employee transfer policy has also been pointed out by the report.</span></span></span></span></p> <p><span style="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 survey conducted among the employees has suggested to implement 'performance-based pay'. There is no provision for payment based on productivity among NRB employees. </span></span></span></span></p> <p><span style="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 study found that the employees who work more are not motivated to work because they get paid equal to those who work less.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the study has pointed out that employees are using informal channels to raise their demands and this has become a challenge. </span></span></span></span></p> <p><span style="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 last fiscal year, there were 1,082 employees working in the central bank, of which 52 percent were officers. Likewise, 75 percent of the employees were male. Among the employees, 1 percent had PhD degree, 1 percent MPhil, 61 percent Masters degree, 5 percent CA, 19 percent Bachelors percent and 7 percent were SLC gradyuates.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => 'Nepal, Rastra, Bank, NRB, employee, survey, study, expert, transfer, degree', 'description' => '', 'sortorder' => '18428', 'image' => '20230810013340_1691631319.1690100420[1].jpg', 'article_date' => '2023-08-10 13:32:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18698', 'article_category_id' => '1', 'title' => 'Disaster Affects 50 Districts, Death Toll Rises to 41 ', 'sub_title' => '', 'summary' => 'August 10: With the entrance of monsoon on June 14 this year, the monsoon-induced disaster has so far affected 50 districts of the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 10: With the entrance of monsoon on June 14 this year, the monsoon-induced disaster has so far affected 50 districts of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Home Ministry, as many as 41 people have lost their lives so far and 31 have disappeared in the monsoon-induced disaster, including floods and landslides. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Joint-Secretary Mahadev Panthi, chief of the Home Ministry's Disaster and Conflict Management Division, informed RSS that at least 55 people were injured in the incidents of natural calamities in various districts. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, loss of lives has been reported in 20 out of 50 disaster-hit districts. Likewise, people from six districts, including Sankhuwasabha, Taplejung, Panchthar, Dolakha, Makawanpur and Mahottari, went missing in the disastrous incidents, Panthi added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the data base of the Ministry, 55 people from 28 districts have sustained injuries. In the incidents, a total of 130 houses were completely damaged while 193 houses were partially damaged. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A huge loss of lives and properties was reported in the eastern districts of Nepal, including Panchthar, Sankhuwasabha and Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The incidents of intermittent downpours during the monsoon triggered floods and landslides in different districts. Some districts have yet to witness rainfall this year. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18427', 'image' => '20230810010059_20230621083955_DSC05808.jpg', 'article_date' => '2023-08-10 13:00:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18697', 'article_category_id' => '1', 'title' => 'Pathao Nepal Launches Parcel Service', 'sub_title' => '', 'summary' => 'August 10: Ride-sharing service provider Pathao Nepal has launched the 'Pathao Parcel' service.', '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"">August 10: Ride-sharing service provider Pathao Nepal has launched the 'Pathao Parcel' service. Pathao Nepal’s Spokesperson Shashank Shamsher Thapa said that the parcel service allows people to deliver goods anywhere within the Kathmandu valley.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pathao said that this service can be availed through Pathao's mobile app.</span></span></span></span></p> <p><span style="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 person sending or receiving the parcel service can pay for the service. Thapa said that if there is any loss/damage while parceling the goods, Pathao will pay compensation up to Rs 2,000.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Service seekers can send a maximum of two kilograms of goods through the parcel service which is available 24 hours a day.</span></span></span></span></p> <p><span style="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 service was under trial phase for some time but now it has been fully implemented since Wednesday.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18426', 'image' => '20230810121611_1691637709.2023-08-10 09.06.13_11zon.jpg', 'article_date' => '2023-08-10 12:15:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18696', 'article_category_id' => '1', 'title' => 'Dengue Infection Rising Across Nepal, Cases Exceed 10,000 ', 'sub_title' => '', 'summary' => 'August 10: The cases of dengue fever are soaring across the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 10: The cases of dengue fever are soaring across the country. According to the Epidemiology and Disease Control Division, the disease has spread to 74 districts with 10,726 diagnosed cases. It has so far caused seven fatalities. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Director of the division Dr Rudra Prasad Marasini said that monsoon rains and inadequate sanitation practice have led to the rise in infection. If the ongoing trend persists, the infection is anticipated to reach its peak during August-September. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In 2022, the country reported 54,784 cases with 88 fatalities. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Among the districts dealing with the infection, Sunsari has the highest number of cases at 6,041. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Dengue is caused by the mosquitoes called Aedes aegypti and Aedes albopictus. It breeds in places where clean water gets accumulated. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Among the provinces, Koshi Province has reported the highest number of infection with 8,109 cases followed by 1,453 cases in Bagmati, 471 in Gandaki, 393 in Sudurpaschim, 215 in Lumbini, 57 in the Madhesh and 28 in Karnali. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Dengue was first detected in Nepal in the year 2004. Cases of dengue fever increased in 2006, 2010, 2012, 2013, 2017 and 2019.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the available data, 32 infection cases were recorded in 2006 AD, 917 in 2010 AD, 686 in 2013 AD, 1,527 in 2016 AD, 2,111 in 2017 AD, 811 in 2018 AD, 17,992 in 2019 AD, 530 in 2020 AD and 540 in 2021 AD .</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The mosque-borne disease which was mostly found in Terai-Madhes has also been increasingly detected in mountainous cities, including Pokhara and Kathmandu since 2018. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the rise in mercury level in mountainous region due to climate change, dengue cases have been detected in places where it was never reported before. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to government officials, dengue patients have also been detected in Humla, Jumla, Mugu and Dolpa in recent years.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The government has appealed to one and all to use mosquito nets at night, wear full-sleeve clothes during farm work, and install wire mesh doors and windows to avoid contracting the disease.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the government has recommended the use of mosquito repellant coils, liquid or ointment, proper management of domesticated animals and removal of puddle. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => 'Dengue, Nepal, cases, soaring, rising, increasing, mosquito', 'description' => '', 'sortorder' => '18425', 'image' => '20230810111539_dengue-test_650x400_61442241844.jpg', 'article_date' => '2023-08-10 11:14:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18695', 'article_category_id' => '1', 'title' => 'Second 'Nepal Electric, and Electronics International Exhibition’ Scheduled from September 1 to 3', 'sub_title' => '', 'summary' => 'The second 'Nepal Electric, and Electronics International Exhibition’ is scheduled to take place at Kathmandu's Bhrikuti Mandap. The exhibition focusing on electrical appliances and energy-related products will be held from September 1 to 3 in Kathmandu.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 10: The second 'Nepal Electric, and Electronics International Exhibition’ is scheduled to take place at Kathmandu's Bhrikuti Mandap. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition focusing on electrical appliances and energy-related products will be held from September 1 to 3 in Kathmandu. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Media Space Solutions, Exhibition and Trade Services India Private Limited, and Futurex Trade Fairs and Events Private Limited are jointly organizing the exhibition. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the theme 'Exposition, Conference, and Partnership', the organizers aim to foster collaboration between electricity, major electrical equipment, household electrical supplies, and various industries engaged in energy. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition will introduce newly developed electrical appliances to Nepali consumers. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The entry to exhibition will be free of charge. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> </span></span></p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18424', 'image' => '20230810060630_collage (6).jpg', 'article_date' => '2023-08-10 06:03:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18711', 'article_category_id' => '1', 'title' => 'Government Starts Homework to Improve Taxation System', 'sub_title' => '', 'summary' => 'August 11: In order to improve the taxation system, the government started its homework to implement the tax-related programs announced in the budget for the current fiscal year (FY 2023/24).', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">August 11: In order to improve the taxation system, the government started its homework to implement the tax-related programs announced in the budget for the current fiscal year (FY 2023/24).</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Finance Minister Dr Prakash Sharan Mahat had announced while unveiling the budget on May 29 that the tax payers should pay taxes every month and the details should be submitted quarterly.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The Inland Revenue Department (IRD) under the Ministry of Finance has already started homework to implement this arrangement. Officials of the department say that homework has been started to develop the currently operating online system in accordance with the budget.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">According to the Director of IRD, Raju Prasad Pyakurel, the current online system is not developed in such a way that the records can be maintained on a quarterly basis. For this, the core team of the department is making necessary arrangements.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Taxpayers who are registered for value added tax and have annual turnover of up to Rs 10 million are currently required to submit their tax returns and their details every month. After the system upgrade, taxpayers will be able to submit tax returns and tax statements every 4 months. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Likewise, homework is being done to form a high-level committee for reforming the existing tax system. Department sources said that a high-level committee will be formed within the next week and will start work immediately. The department is also going to advance the work of interconnection and automation of the institutional information systems by integrating the financial transaction information.</span> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The budget for this FY has stated that the government will strengthen the information system and set the minimum limit of the transaction amount according to the nature of the transaction. Similarly, it was announced that tax payers who transact more than Rs 250 million per year will be included in the central invoice monitoring system in order to compulsorily issue invoices through the electronic system. Officials of the department say that they are making necessary preparations to implement it.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => 'tax, system, budget, Nepal, government, improvement, quarterly, four, months', 'description' => '', 'sortorder' => '18440', 'image' => '20230811041348_20200911125203_1599773733.Clipboard04.jpg', 'article_date' => '2023-08-11 16:08:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18710', 'article_category_id' => '1', 'title' => '48 Internet Service Providers Fail to Pay Royalties', 'sub_title' => '', 'summary' => 'August 11: The Nepal Telecommunication Authority, the regulatory body of the telecommunication sector, has published a list of 48 internet service providers (ISPs) for not paying the royalty amount and tax for the Rural Telecommunication Development Fund.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 11: The Nepal Telecommunication Authority, the regulatory body of the telecommunication sector, has published a list of 48 internet service providers (ISPs) for not paying the royalty amount and taxes under the heading of the Rural Telecommunication Development Fund.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The authority has issued a notification and asked the ISPs to submit the outstanding amount to be paid to the government by the mid-August in a designated bank account with fines. The ISPs have been instructed to clearly disclose their name and fiscal year for which the amount has been paid.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the authority, if the amount is not paid even within the specified period, action will be taken as per the rules.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the authority, big internet companies including Subisu, Classic Tech, Mercantile have not paid the royalty amount and Rural Telecommunication Development Fund taxes.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Telecommunications Act, 2053, the service providers licensed by the authority must deposit 4 percent of the total income as royalty and 2 percent of the total income under the Rural Telecommunication Development Fund every year. The NTA uses the amount deposited in the fund for the development, extension and operation of telecommunication services in the rural area as per the policy of government.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It is stated in the notice issued by the authority that despite repeated requests, the Internet service providers did not submit the amount.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the report published by the authority in December, 77 internet service providers had deposited more than Rs 1.67 billion. There are currently 128 internet service provider companies and 23 network service provider companies registered in Nepal.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18439', 'image' => '20230811012501_20230411103022_Internett.jpg', 'article_date' => '2023-08-11 13:22:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18709', 'article_category_id' => '1', 'title' => 'Export of Pashmina Items Increased by 15 Percent Last Year', 'sub_title' => '', 'summary' => 'August 11: Nepal exported pashmina items worth Rs 3 billion in the last fiscal year (FY 2022/23).', '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:"Nirmala UI","sans-serif"">August 11: Nepal exported pashmina items worth Rs 3 billion in the last fiscal year (FY 2022/23).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the Department of Customs, Nepal exported pashmina worth Rs 3.24 billion last year. This amount is 15 percent more than the previous year. In the previous year, Nepal earned foreign currencies worth Rs 2.82 billion from pashmina exports.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The income from pashmina exports has been increasing since the last four 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:"Nirmala UI","sans-serif"">If we look at the data of the Department of Customs, the volume of export of pashmina items has been increasing since </span></span><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">FY 2019/20</span></span><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Pashmina goods worth more than Rs 2.26 billion were exported in that year. In </span></span><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">FY 2020/21</span></span><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">, the export of pashmina increased to more than Rs 2.7 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:"Nirmala UI","sans-serif"">Businessmen are excited due to the increase in export of pashmina.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">They claim that its export amount will increase further in the coming days.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Pashmina was ranked 12th in terms of export earnings last year. Businessmen say it production and export of pashmina is important to reduce the country's trade deficit.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">President of Nepal Pashmina Industry Association Vijay Kumar Dugad says that there has been a lot of improvement in the pashmina industry after the Covid-19. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to him, the trade of Nepali pashmina has improved not only in foreign countries but also within Nepal. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">"After the Covid-19, the business of pashmina has increased in Thamel, Patan, Pokhara and other areas with the increase in the number of tourists visiting Nepal," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">He says that Nepal's exports have also improved. In previous years, only pashmina shawls and scarves were exported from Nepal. However, now the pattern of export has 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:"Nirmala UI","sans-serif"">There is a good demand for shawls, scarves, knitted sweaters, socks, blouses, in the international market, he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to Dugad, Nepali pashmina is mostly exported to countries like America, Japan and European 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:"Nirmala UI","sans-serif"">The government has introduced the 'Pashmina Export National Strategy' with the goal of increasing the export of pashmina to US dollars 75 million (more than Rs 9.96 billion based on the latest US dollar exchange rate) by 2026. As part of this strategy, the government has operated wool collection centers in Mustang, Manang, Dolpa and other districts to increase pashmina yarn production in Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Dugad informed that the farmers there have also been trained in extracting wool from chyangra, a kind of Himalayan sheep found in high altitude areas. According to him, 800 wool samples from 4 villages of Mustang have been sent to Mongolia to test the advanced breeds of sheep in Nepal. Nepal is now importing raw materials of pashmina from Mongolia, China and other 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:"Nirmala UI","sans-serif"">“The government has already started a lot of work under the Pashmina Export National Strategy. This is the reason why the export has improved. It seems that exports will increase in the coming days as well," said Dugad. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to him, there are about 15,000 industries related to pashmina across the country. He claims that nearly 50,000 people are directly employed in these industries.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18438', 'image' => '20230811120939_100_percent_1.jpg', 'article_date' => '2023-08-11 12:09:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18708', 'article_category_id' => '1', 'title' => 'Nepal makes Giant Stride in Electricity Generation in the Last Ten Years', 'sub_title' => '', 'summary' => 'August 11: Nepal has achieved great progress in the electricity sector in the last 10 years.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">August 11: Nepal has achieved great progress in the electricity sector in the last 10 years. Until 10 years ago, there used to be terrible load shedding while the power generation capacity was not even 1000 MW, and no electrification was available except in cities and market areas in Nepal. However, the situation has changed a lot now.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The installed capacity of electricity produced in Nepal has reached around 3,000 megawatts. About 1,000 megawatts of electricity is produced by the Electricity Authority and its subsidiary companies, while almost 2,000 megawatts of electricity is produced by the private sector including projects that started trial production but have not started commercial production yet. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Nepal is also earning foreign currency by exporting up to 500 megawatts of electricity during the rainy season. However, in winter, Nepal will have to continue importing electricity for a few more years.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">According to various studies, Nepal's power generation capacity is more than 200,000 megawatts. According to Prakash Dulal, Deputy Secretary General of the Independent Power Producers Association of Nepal (IPPAN), the financially feasible production capacity is 72,500 MW. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">According to this calculation, Nepal is currently producing only 4 percent of its capacity. Nepal has a potential to produce about 30,000 megawatts of solar power but has not yet produced even 100 megawatts. Solar energy is considered very important for energy mix.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">According to the data presented by IPPAN in various forums, hydroelectricity projects with capacity of 4,500 megawatts are currently under construction in Nepal with investments from the government, private sector and foreign investors.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Similarly, projects with capacity of around 10,000 megawatts are in a position to go into construction immediately if the investment and market is ensured. In addition to this, projects with capacity of 12,000 megawatts are awaiting power purchase and sale agreements, while projects of the same capacity are under study, says Deputy Secretary General Dulal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Assuming an average cost of Rs 20 million per megawatt, it seems that an investment of Rs 60 billion is required to generate 30,000 megawatts of electricity in 10 years. A study conducted by the Nepal Electricity Authority shows that an additional investment of around Rs 8 billion to Rs 10 billion is required for the construction of transmission lines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Indian investment in Nepal's hydropower</span></span></strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">India has started investing in Nepal's hydropower sector including the 900 MW Arun 3. Sutlej Jalvidyut Nigam, which is owned by the Government of India, invested in the project under construction in Sankhuwasabha. India, which has entered Nepal through Arun 3, has recently been looking to expand investment in Nepal extensively.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">India is showing interest in the construction of 3,000 megawatt capacity projects in the Arun river basin alone along with other three large projects in western Nepal as well. India also has a great interest in the Karnali river basin. However the private sector of India has not yet been able to advance any project in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">But after Prime Minister Pushpa Kamal Dahal's visit to India in May, India assured to buy 10,000 megawatts of electricity from Nepal in 10 years. The private sector of India is also now calculating profit and loss in hydropower generation in Nepal. Private sector promoters say that big Indian companies are looking for access to Nepal's electricity.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Hydropower projects that India intends to develop</span></span></strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">India is constructing Arun-3 of 900 MW in the Arun river basin in addition to signing of agreement to build the Lower Arun of 679 MW and Arun-4 of 490 MW.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Sources at the Ministry of Energy say that they are also proposing to build the 1,061 MW Upper Arun and 756 MW Tamor reservoir projects by themselves. In this way, it seems that India is trying to advance projects with a capacity of 2,986 MW in the Arun river basin alone. Similarly, in western Nepal, India has already signed an agreement to produce 7,680 megawatts of electricity by undertaking the 6,480 megawatt Pancheswar (Nepal-India joint venture), 750 megawatt West Seti, and 450 megawatt Seti river-6 projects. An agreement has been reached for the construction of 900 MW Upper Karnali, 480 MW Fukot Karnali hydropower projects in the Karnali river basin, while attempts are being made to construct the 1,902 MW Mugu Karnali and 10,800 MW Karnali Chisapani projects with Indian investment.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18437', 'image' => '20230811105846_electricity.jpg', 'article_date' => '2023-08-11 10:57:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18707', 'article_category_id' => '1', 'title' => 'DoFE's Online Service Back in Operation', 'sub_title' => '', 'summary' => 'The Department of Foreign Employment (DoFE) has restored its online service, which has come into operation from Thursday. The service had been temporarily disrupted since Tuesday due to the migration of the file server for the FEIMS system.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 11: The Department of Foreign Employment (DoFE) has restored its online service, which has come into operation from Thursday. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The service had been temporarily disrupted since Tuesday due to the migration of the file server for the FEIMS system.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Kabiraj Uprety, the Department's Information Officer and Director, confirmed that the online service has been fully restored, making the issuance of work permits a more streamlined process.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the restoration of the FEIMS system, the Department has commenced the approval process for work permits. A notice has been issued to service recipients, informing them of the service's reinstatement.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Consequently, individuals can now register their applications for labor permits online.</span></span></p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18436', 'image' => '20230811060633_collage (8).jpg', 'article_date' => '2023-08-11 06:04:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18706', 'article_category_id' => '1', 'title' => 'Nepal Telecom Launches Ultra-Fast FTTH Internet with1 Gbps Speed', 'sub_title' => '', 'summary' => 'Nepal Telecom has launched Fiber-to-the-Home (FTTH) internet service with speeds up to 1 Gbps (1000 Mbps), providing faster connectivity than ever before. Previously, the company was offering FTTH service with speeds up to 100 Mbps.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 11: Nepal Telecom has launched Fiber-to-the-Home (FTTH) internet service with speeds up to 1 Gbps (1000 Mbps), providing faster connectivity than ever before. Previously, the company was offering FTTH service with speeds up to 100 Mbps.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company has launched an ultra-fast internet service based on XG-PON (10 Gigabit Passive Optical Network) technology, which offers speeds of up to 1 Gbps, making it the fastest available internet service in Nepal. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This service will be offered in two packages: 500 Mbps and 1 Gbps. The downstream capacity for this service will be 10 Gbps, and the upstream capacity will be 2.5 Gbps.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With the Premium FTTH 500 Mbps package, unlimited calling is available within the Nepal Telecom network, while 350 minutes of calling are allowed to other networks each month. This package also includes 0.5 TB of daily data usage.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With the Premium FTTH 1 Gbps package, unlimited calling is available within the Nepal Telecom network, while 500 minutes of calling are allowed to other networks each month. This package also includes 1 TB of daily data usage.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Both packages include an IPTV, CPE (Customer Premises Equipment), a set-top box, and 300 meters of free drop fiber.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The 'Premium FTTH 500 Mbps' package is priced at Rs 80,000 annually, while the 'Premium FTTH 1 Gbps' package is priced at Rs 110,000 annually.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To subscribe to this service or other FTTH services, customers across the country can dial 198-1 (dialing 198 and then dialing 1 after receiving a message) for registration and inquiries related to service connection and maintenance. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For now, this service is available only in Kathmandu Valley, but it will soon be expanded to other areas. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Corporate customers who need fast and reliable internet for their business will benefit from this service.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18435', 'image' => '20230811055113_collage (7).jpg', 'article_date' => '2023-08-11 05:48:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18705', 'article_category_id' => '1', 'title' => 'NEPSE Registers Minimal Gain; Turnover Amount Rises ', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index witnessed a minimal increase of 5.13 points or 0.24 percent and closed at 2066.05 on the last trading day of the week-Thursday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 10: The Nepal Stock Exchange(NEPSE) Index witnessed a minimal increase of 5.13 points or 0.24 percent and closed at 2066.05 on the last trading day of the week-Thursday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary market had seen a substantial rise of 41.06 points yesterday after touching down the bottom of 2000 points. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index witnessed a total turnover of Rs 2.15 billion compared to yesterday’s turnover of Rs 1.88 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> During today's trading, a total of 269 scrips exchanged their hands through 57,789 transactions. As many as to 5,503,021 shares were traded amounting to Rs. 2.15 billion.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The sensitive index rose by 0. 28 percent, the float index increased by 0.15 percent, and the sensitive float index grew by 0.01 percent respectively. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Soaltee Hotel Limited (SHL) recorded the highest turnover, with an impressive amount of Rs. 16.95 crores, and closed at a market price of Rs. 461.70.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN) gained the highest 9.09% for the day. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Meanwhile, Himalayan Laghubitta Bittiya Sanstha Limited (HLBSL) experienced the highest decline of 6.53%.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Five sector indices closed in red, the "Hotel and Tourism" sector registered the highest gain of 2.67% whereas the "Finance" sector lost the highest, declining by 0.39%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18434', 'image' => '20230810061016_collage (5).jpg', 'article_date' => '2023-08-10 18:08:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18704', 'article_category_id' => '1', 'title' => 'Number of People Obtaining Work Permit Increasing in Karnali Province', 'sub_title' => '', 'summary' => 'The number of individuals obtaining work permits in Karnali Province has been on the rise recently. According to the Labour and Employment Office in Surkhet, during the fiscal year 2079/80 BS, a total of 3,300 people acquired new work permits.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 10: The number of individuals obtaining work permits in Karnali Province has been on the rise recently. According to the Labour and Employment Office in Surkhet, during the fiscal year 2079/80 BS, a total of 3,300 people acquired new work permits. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the fiscal year 2075/76 BS, 919 men and 7 women had their work permits renewed. Similarly, in the fiscal year 2076/77 BS, 1,990 men and 36 women obtained work permits, followed by 667 men and 8 women in the fiscal year 2077/78 BS, and 1,005 men and 26 women in the fiscal year 2078/79 BS.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Nirmala Regmi, the Information Officer, stated that the growing trend of people seeking foreign employment is driven by the higher remuneration offered in other countries compared to Nepal. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The number of individuals choosing to work in countries such as Saudi Arabia, Qatar, Malaysia, Bahrain, Kuwait, United Arab Emirates, Croatia, Poland, Romania, Hungary, Moldova, and Belarus has been increasing.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Salyan district in Karnali Province has recorded the highest number of individuals opting for overseas employment, said Regmi. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18433', 'image' => '20230810044614_collage (4).jpg', 'article_date' => '2023-08-10 16:44:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18702', 'article_category_id' => '1', 'title' => 'NEPSE’s Policy and Programmes to Focus on System Development', 'sub_title' => '', 'summary' => 'August 10: Nepal Stock Exchange (NEPSE), the one and only securities market operator in Nepal so far, has given special priority to system development and management in this year's policies and programs.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">August 10: Nepal Stock Exchange (NEPSE), the one and only securities market operator in Nepal so far, has given special priority to system development and management in this year's policy and programmes. This year, NEPSE will conduct various programs under the headings of system development and management, staff and organization management, capital market awareness, physical infrastructure development and office management, along with strengthening institutional governance, study research, business monitoring and supervision; regulation and formulation of procedure; and risk management and compliance.</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"">NEPSE, which is providing an opportunity for all Nepalis to do business in the secondary market easily from all over the world through online technology, has put forward a plan to buy tested online trading software of international standard for system development this year. This year's policy and program of NEPSE also includes the plan to renew the software used by Nepse, and to sign to an annual maintenance contract for the maintenance of hardware, website, power system and other services. </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"">NEPSE also plans to buy necessary licenses, software, and hardware for the operation of office equipment along with a program of building a new data center this year. </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"">Information Officer Murahari Parajuli says that the number of Demat account openings has reached more than 5.8 million and more than 1.6 million investors have participated in the securities market trading.</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"">Parajuli also informed that NEPSE is planning to finalize the plan to issue IPO. According to Parajuli, the IPO will be issued after receiving approval from the Ministry of Finance. At present, the paid-up capital of NEPSE is Rs 500 million. </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 Securities Board of Nepal is preparing to issue license to a new stock exchange with paid-up capital of Rs 3 billion.</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"">Although it is not mandatory for NEPSE to increase its paid-up capital, it wants to issue IPO to remain competitive in the market.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18431', 'image' => '20230810032251_blank - Copy.jpg', 'article_date' => '2023-08-10 15:19:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18700', 'article_category_id' => '1', 'title' => '‘Janakpurdham can become a Major Religious and Tourism Hub’', 'sub_title' => '', 'summary' => 'August 10: The private sector has requested the government to make Janakpurdham one of the major destinations for religious tourism. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">August 10: The private sector has requested the government to make Janakpurdham one of the major destinations for religious tourism. The speakers during a discussion on 'The Meaning of Dhanusha - Social Transformation' demanded to make Janakpur a tourist city. The event was organized jointly by the Madhesh Province Chapter of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI) in coordination with New Business Age on Wednesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Tourism in Janakpur will thrive if all three tiers of government create a favourable environment at the Nepal-India border, said Ashok Kumar Temani, president of the Madhesh Province chapter of FNCCI.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">He added that if the federal, state and local governments promote the agricultural sector, Nepal can be self-sufficient in food. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Madan Lamsal, chairman and editor-in-chief of New Business Age, said that although Madhesh Province is ahead in terms of economic potential, the opportunities have not been utilized. Lamsal also said that if the potential of Madhesh can be utilized, it will help to uplift the country's economy.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Jitendra Mahaseth, president of the Janakpurdham Industry and Commerce Association, said that developing Janakpurdham as a religious tourism zone will help in sustaining the local economy. He said that it is unfortunate that there is no international airport in Janakpurdham although it is a major religious, economic and commercial area.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">He commented that even though the youths who went abroad from Dhanusha send millions of remittances every year, the government has not been able to come up with a concrete program to create jobs at the local level.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">During the program, former president of the Janakpurdham Chamber of Commerce and Industry, Shivshankar Sah said that the shrine of Muslim religious guru Shere Nepal in Lohnama of Dhanusha and Rouja shrine of Mahottari should be developed as religious tourism areas for Muslims. He hoped that this would increase the arrival of Muslim tourists as well. He alleged that the state has always neglected the Janaki temple and religious places in Janakpur.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Chaudhary, the former president of the Janakpurdham Chamber of Commerce and Industry, pointed out the need to connect the Janakpur-Jatahi 6-lane road in Dhanusha with Madhubani district of Bihar state in India. He said that it will take 150 km less to reach Kolkata port from Jatahi crossing than from other border points in Nepal.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18429', 'image' => '20230810024521_20200223011349_1111.jpg', 'article_date' => '2023-08-10 14:44:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18699', 'article_category_id' => '1', 'title' => 'NRB Lacks Experts in Various Departments due to Transfer of Staff', 'sub_title' => '', 'summary' => 'August 10: A study has revealed that there is a shortage of subject matter experts in Nepal Rastra Bank (NRB) due to transfer of employees.', '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"">August 10: A study has revealed that there is a shortage of subject matter experts in Nepal Rastra Bank (NRB) due to transfer of employees.</span></span></span></span></p> <p><span style="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 study conducted by the Human Resources Department of the central bank has been found that although some departments require employees with expertise in related fields, they are not appointed when employees are transferred from time to time.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report mentions that the transfer of staff without bringing a replacement has been affecting the departments that need expertise. Also, the need for timely changes in the employee transfer policy has also been pointed out by the report.</span></span></span></span></p> <p><span style="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 survey conducted among the employees has suggested to implement 'performance-based pay'. There is no provision for payment based on productivity among NRB employees. </span></span></span></span></p> <p><span style="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 study found that the employees who work more are not motivated to work because they get paid equal to those who work less.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the study has pointed out that employees are using informal channels to raise their demands and this has become a challenge. </span></span></span></span></p> <p><span style="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 last fiscal year, there were 1,082 employees working in the central bank, of which 52 percent were officers. Likewise, 75 percent of the employees were male. Among the employees, 1 percent had PhD degree, 1 percent MPhil, 61 percent Masters degree, 5 percent CA, 19 percent Bachelors percent and 7 percent were SLC gradyuates.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => 'Nepal, Rastra, Bank, NRB, employee, survey, study, expert, transfer, degree', 'description' => '', 'sortorder' => '18428', 'image' => '20230810013340_1691631319.1690100420[1].jpg', 'article_date' => '2023-08-10 13:32:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18698', 'article_category_id' => '1', 'title' => 'Disaster Affects 50 Districts, Death Toll Rises to 41 ', 'sub_title' => '', 'summary' => 'August 10: With the entrance of monsoon on June 14 this year, the monsoon-induced disaster has so far affected 50 districts of the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 10: With the entrance of monsoon on June 14 this year, the monsoon-induced disaster has so far affected 50 districts of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Home Ministry, as many as 41 people have lost their lives so far and 31 have disappeared in the monsoon-induced disaster, including floods and landslides. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Joint-Secretary Mahadev Panthi, chief of the Home Ministry's Disaster and Conflict Management Division, informed RSS that at least 55 people were injured in the incidents of natural calamities in various districts. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, loss of lives has been reported in 20 out of 50 disaster-hit districts. Likewise, people from six districts, including Sankhuwasabha, Taplejung, Panchthar, Dolakha, Makawanpur and Mahottari, went missing in the disastrous incidents, Panthi added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the data base of the Ministry, 55 people from 28 districts have sustained injuries. In the incidents, a total of 130 houses were completely damaged while 193 houses were partially damaged. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A huge loss of lives and properties was reported in the eastern districts of Nepal, including Panchthar, Sankhuwasabha and Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The incidents of intermittent downpours during the monsoon triggered floods and landslides in different districts. Some districts have yet to witness rainfall this year. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18427', 'image' => '20230810010059_20230621083955_DSC05808.jpg', 'article_date' => '2023-08-10 13:00:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18697', 'article_category_id' => '1', 'title' => 'Pathao Nepal Launches Parcel Service', 'sub_title' => '', 'summary' => 'August 10: Ride-sharing service provider Pathao Nepal has launched the 'Pathao Parcel' service.', '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"">August 10: Ride-sharing service provider Pathao Nepal has launched the 'Pathao Parcel' service. Pathao Nepal’s Spokesperson Shashank Shamsher Thapa said that the parcel service allows people to deliver goods anywhere within the Kathmandu valley.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pathao said that this service can be availed through Pathao's mobile app.</span></span></span></span></p> <p><span style="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 person sending or receiving the parcel service can pay for the service. Thapa said that if there is any loss/damage while parceling the goods, Pathao will pay compensation up to Rs 2,000.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Service seekers can send a maximum of two kilograms of goods through the parcel service which is available 24 hours a day.</span></span></span></span></p> <p><span style="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 service was under trial phase for some time but now it has been fully implemented since Wednesday.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18426', 'image' => '20230810121611_1691637709.2023-08-10 09.06.13_11zon.jpg', 'article_date' => '2023-08-10 12:15:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18696', 'article_category_id' => '1', 'title' => 'Dengue Infection Rising Across Nepal, Cases Exceed 10,000 ', 'sub_title' => '', 'summary' => 'August 10: The cases of dengue fever are soaring across the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 10: The cases of dengue fever are soaring across the country. According to the Epidemiology and Disease Control Division, the disease has spread to 74 districts with 10,726 diagnosed cases. It has so far caused seven fatalities. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Director of the division Dr Rudra Prasad Marasini said that monsoon rains and inadequate sanitation practice have led to the rise in infection. If the ongoing trend persists, the infection is anticipated to reach its peak during August-September. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In 2022, the country reported 54,784 cases with 88 fatalities. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Among the districts dealing with the infection, Sunsari has the highest number of cases at 6,041. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Dengue is caused by the mosquitoes called Aedes aegypti and Aedes albopictus. It breeds in places where clean water gets accumulated. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Among the provinces, Koshi Province has reported the highest number of infection with 8,109 cases followed by 1,453 cases in Bagmati, 471 in Gandaki, 393 in Sudurpaschim, 215 in Lumbini, 57 in the Madhesh and 28 in Karnali. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Dengue was first detected in Nepal in the year 2004. Cases of dengue fever increased in 2006, 2010, 2012, 2013, 2017 and 2019.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the available data, 32 infection cases were recorded in 2006 AD, 917 in 2010 AD, 686 in 2013 AD, 1,527 in 2016 AD, 2,111 in 2017 AD, 811 in 2018 AD, 17,992 in 2019 AD, 530 in 2020 AD and 540 in 2021 AD .</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The mosque-borne disease which was mostly found in Terai-Madhes has also been increasingly detected in mountainous cities, including Pokhara and Kathmandu since 2018. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the rise in mercury level in mountainous region due to climate change, dengue cases have been detected in places where it was never reported before. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to government officials, dengue patients have also been detected in Humla, Jumla, Mugu and Dolpa in recent years.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The government has appealed to one and all to use mosquito nets at night, wear full-sleeve clothes during farm work, and install wire mesh doors and windows to avoid contracting the disease.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the government has recommended the use of mosquito repellant coils, liquid or ointment, proper management of domesticated animals and removal of puddle. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => 'Dengue, Nepal, cases, soaring, rising, increasing, mosquito', 'description' => '', 'sortorder' => '18425', 'image' => '20230810111539_dengue-test_650x400_61442241844.jpg', 'article_date' => '2023-08-10 11:14:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18695', 'article_category_id' => '1', 'title' => 'Second 'Nepal Electric, and Electronics International Exhibition’ Scheduled from September 1 to 3', 'sub_title' => '', 'summary' => 'The second 'Nepal Electric, and Electronics International Exhibition’ is scheduled to take place at Kathmandu's Bhrikuti Mandap. The exhibition focusing on electrical appliances and energy-related products will be held from September 1 to 3 in Kathmandu.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 10: The second 'Nepal Electric, and Electronics International Exhibition’ is scheduled to take place at Kathmandu's Bhrikuti Mandap. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition focusing on electrical appliances and energy-related products will be held from September 1 to 3 in Kathmandu. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Media Space Solutions, Exhibition and Trade Services India Private Limited, and Futurex Trade Fairs and Events Private Limited are jointly organizing the exhibition. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the theme 'Exposition, Conference, and Partnership', the organizers aim to foster collaboration between electricity, major electrical equipment, household electrical supplies, and various industries engaged in energy. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition will introduce newly developed electrical appliances to Nepali consumers. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The entry to exhibition will be free of charge. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> </span></span></p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18424', 'image' => '20230810060630_collage (6).jpg', 'article_date' => '2023-08-10 06:03:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18711', 'article_category_id' => '1', 'title' => 'Government Starts Homework to Improve Taxation System', 'sub_title' => '', 'summary' => 'August 11: In order to improve the taxation system, the government started its homework to implement the tax-related programs announced in the budget for the current fiscal year (FY 2023/24).', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">August 11: In order to improve the taxation system, the government started its homework to implement the tax-related programs announced in the budget for the current fiscal year (FY 2023/24).</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Finance Minister Dr Prakash Sharan Mahat had announced while unveiling the budget on May 29 that the tax payers should pay taxes every month and the details should be submitted quarterly.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The Inland Revenue Department (IRD) under the Ministry of Finance has already started homework to implement this arrangement. Officials of the department say that homework has been started to develop the currently operating online system in accordance with the budget.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">According to the Director of IRD, Raju Prasad Pyakurel, the current online system is not developed in such a way that the records can be maintained on a quarterly basis. For this, the core team of the department is making necessary arrangements.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Taxpayers who are registered for value added tax and have annual turnover of up to Rs 10 million are currently required to submit their tax returns and their details every month. After the system upgrade, taxpayers will be able to submit tax returns and tax statements every 4 months. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Likewise, homework is being done to form a high-level committee for reforming the existing tax system. Department sources said that a high-level committee will be formed within the next week and will start work immediately. The department is also going to advance the work of interconnection and automation of the institutional information systems by integrating the financial transaction information.</span> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The budget for this FY has stated that the government will strengthen the information system and set the minimum limit of the transaction amount according to the nature of the transaction. Similarly, it was announced that tax payers who transact more than Rs 250 million per year will be included in the central invoice monitoring system in order to compulsorily issue invoices through the electronic system. Officials of the department say that they are making necessary preparations to implement it.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => 'tax, system, budget, Nepal, government, improvement, quarterly, four, months', 'description' => '', 'sortorder' => '18440', 'image' => '20230811041348_20200911125203_1599773733.Clipboard04.jpg', 'article_date' => '2023-08-11 16:08:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18710', 'article_category_id' => '1', 'title' => '48 Internet Service Providers Fail to Pay Royalties', 'sub_title' => '', 'summary' => 'August 11: The Nepal Telecommunication Authority, the regulatory body of the telecommunication sector, has published a list of 48 internet service providers (ISPs) for not paying the royalty amount and tax for the Rural Telecommunication Development Fund.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 11: The Nepal Telecommunication Authority, the regulatory body of the telecommunication sector, has published a list of 48 internet service providers (ISPs) for not paying the royalty amount and taxes under the heading of the Rural Telecommunication Development Fund.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The authority has issued a notification and asked the ISPs to submit the outstanding amount to be paid to the government by the mid-August in a designated bank account with fines. The ISPs have been instructed to clearly disclose their name and fiscal year for which the amount has been paid.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the authority, if the amount is not paid even within the specified period, action will be taken as per the rules.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the authority, big internet companies including Subisu, Classic Tech, Mercantile have not paid the royalty amount and Rural Telecommunication Development Fund taxes.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Telecommunications Act, 2053, the service providers licensed by the authority must deposit 4 percent of the total income as royalty and 2 percent of the total income under the Rural Telecommunication Development Fund every year. The NTA uses the amount deposited in the fund for the development, extension and operation of telecommunication services in the rural area as per the policy of government.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It is stated in the notice issued by the authority that despite repeated requests, the Internet service providers did not submit the amount.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the report published by the authority in December, 77 internet service providers had deposited more than Rs 1.67 billion. There are currently 128 internet service provider companies and 23 network service provider companies registered in Nepal.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18439', 'image' => '20230811012501_20230411103022_Internett.jpg', 'article_date' => '2023-08-11 13:22:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18709', 'article_category_id' => '1', 'title' => 'Export of Pashmina Items Increased by 15 Percent Last Year', 'sub_title' => '', 'summary' => 'August 11: Nepal exported pashmina items worth Rs 3 billion in the last fiscal year (FY 2022/23).', '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:"Nirmala UI","sans-serif"">August 11: Nepal exported pashmina items worth Rs 3 billion in the last fiscal year (FY 2022/23).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the Department of Customs, Nepal exported pashmina worth Rs 3.24 billion last year. This amount is 15 percent more than the previous year. In the previous year, Nepal earned foreign currencies worth Rs 2.82 billion from pashmina exports.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The income from pashmina exports has been increasing since the last four 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:"Nirmala UI","sans-serif"">If we look at the data of the Department of Customs, the volume of export of pashmina items has been increasing since </span></span><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">FY 2019/20</span></span><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Pashmina goods worth more than Rs 2.26 billion were exported in that year. In </span></span><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">FY 2020/21</span></span><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">, the export of pashmina increased to more than Rs 2.7 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:"Nirmala UI","sans-serif"">Businessmen are excited due to the increase in export of pashmina.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">They claim that its export amount will increase further in the coming days.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Pashmina was ranked 12th in terms of export earnings last year. Businessmen say it production and export of pashmina is important to reduce the country's trade deficit.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">President of Nepal Pashmina Industry Association Vijay Kumar Dugad says that there has been a lot of improvement in the pashmina industry after the Covid-19. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to him, the trade of Nepali pashmina has improved not only in foreign countries but also within Nepal. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">"After the Covid-19, the business of pashmina has increased in Thamel, Patan, Pokhara and other areas with the increase in the number of tourists visiting Nepal," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">He says that Nepal's exports have also improved. In previous years, only pashmina shawls and scarves were exported from Nepal. However, now the pattern of export has 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:"Nirmala UI","sans-serif"">There is a good demand for shawls, scarves, knitted sweaters, socks, blouses, in the international market, he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to Dugad, Nepali pashmina is mostly exported to countries like America, Japan and European 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:"Nirmala UI","sans-serif"">The government has introduced the 'Pashmina Export National Strategy' with the goal of increasing the export of pashmina to US dollars 75 million (more than Rs 9.96 billion based on the latest US dollar exchange rate) by 2026. As part of this strategy, the government has operated wool collection centers in Mustang, Manang, Dolpa and other districts to increase pashmina yarn production in Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Dugad informed that the farmers there have also been trained in extracting wool from chyangra, a kind of Himalayan sheep found in high altitude areas. According to him, 800 wool samples from 4 villages of Mustang have been sent to Mongolia to test the advanced breeds of sheep in Nepal. Nepal is now importing raw materials of pashmina from Mongolia, China and other 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:"Nirmala UI","sans-serif"">“The government has already started a lot of work under the Pashmina Export National Strategy. This is the reason why the export has improved. It seems that exports will increase in the coming days as well," said Dugad. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to him, there are about 15,000 industries related to pashmina across the country. He claims that nearly 50,000 people are directly employed in these industries.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18438', 'image' => '20230811120939_100_percent_1.jpg', 'article_date' => '2023-08-11 12:09:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18708', 'article_category_id' => '1', 'title' => 'Nepal makes Giant Stride in Electricity Generation in the Last Ten Years', 'sub_title' => '', 'summary' => 'August 11: Nepal has achieved great progress in the electricity sector in the last 10 years.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">August 11: Nepal has achieved great progress in the electricity sector in the last 10 years. Until 10 years ago, there used to be terrible load shedding while the power generation capacity was not even 1000 MW, and no electrification was available except in cities and market areas in Nepal. However, the situation has changed a lot now.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The installed capacity of electricity produced in Nepal has reached around 3,000 megawatts. About 1,000 megawatts of electricity is produced by the Electricity Authority and its subsidiary companies, while almost 2,000 megawatts of electricity is produced by the private sector including projects that started trial production but have not started commercial production yet. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Nepal is also earning foreign currency by exporting up to 500 megawatts of electricity during the rainy season. However, in winter, Nepal will have to continue importing electricity for a few more years.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">According to various studies, Nepal's power generation capacity is more than 200,000 megawatts. According to Prakash Dulal, Deputy Secretary General of the Independent Power Producers Association of Nepal (IPPAN), the financially feasible production capacity is 72,500 MW. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">According to this calculation, Nepal is currently producing only 4 percent of its capacity. Nepal has a potential to produce about 30,000 megawatts of solar power but has not yet produced even 100 megawatts. Solar energy is considered very important for energy mix.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">According to the data presented by IPPAN in various forums, hydroelectricity projects with capacity of 4,500 megawatts are currently under construction in Nepal with investments from the government, private sector and foreign investors.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Similarly, projects with capacity of around 10,000 megawatts are in a position to go into construction immediately if the investment and market is ensured. In addition to this, projects with capacity of 12,000 megawatts are awaiting power purchase and sale agreements, while projects of the same capacity are under study, says Deputy Secretary General Dulal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Assuming an average cost of Rs 20 million per megawatt, it seems that an investment of Rs 60 billion is required to generate 30,000 megawatts of electricity in 10 years. A study conducted by the Nepal Electricity Authority shows that an additional investment of around Rs 8 billion to Rs 10 billion is required for the construction of transmission lines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Indian investment in Nepal's hydropower</span></span></strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">India has started investing in Nepal's hydropower sector including the 900 MW Arun 3. Sutlej Jalvidyut Nigam, which is owned by the Government of India, invested in the project under construction in Sankhuwasabha. India, which has entered Nepal through Arun 3, has recently been looking to expand investment in Nepal extensively.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">India is showing interest in the construction of 3,000 megawatt capacity projects in the Arun river basin alone along with other three large projects in western Nepal as well. India also has a great interest in the Karnali river basin. However the private sector of India has not yet been able to advance any project in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">But after Prime Minister Pushpa Kamal Dahal's visit to India in May, India assured to buy 10,000 megawatts of electricity from Nepal in 10 years. The private sector of India is also now calculating profit and loss in hydropower generation in Nepal. Private sector promoters say that big Indian companies are looking for access to Nepal's electricity.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Hydropower projects that India intends to develop</span></span></strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">India is constructing Arun-3 of 900 MW in the Arun river basin in addition to signing of agreement to build the Lower Arun of 679 MW and Arun-4 of 490 MW.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Sources at the Ministry of Energy say that they are also proposing to build the 1,061 MW Upper Arun and 756 MW Tamor reservoir projects by themselves. In this way, it seems that India is trying to advance projects with a capacity of 2,986 MW in the Arun river basin alone. Similarly, in western Nepal, India has already signed an agreement to produce 7,680 megawatts of electricity by undertaking the 6,480 megawatt Pancheswar (Nepal-India joint venture), 750 megawatt West Seti, and 450 megawatt Seti river-6 projects. An agreement has been reached for the construction of 900 MW Upper Karnali, 480 MW Fukot Karnali hydropower projects in the Karnali river basin, while attempts are being made to construct the 1,902 MW Mugu Karnali and 10,800 MW Karnali Chisapani projects with Indian investment.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18437', 'image' => '20230811105846_electricity.jpg', 'article_date' => '2023-08-11 10:57:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18707', 'article_category_id' => '1', 'title' => 'DoFE's Online Service Back in Operation', 'sub_title' => '', 'summary' => 'The Department of Foreign Employment (DoFE) has restored its online service, which has come into operation from Thursday. The service had been temporarily disrupted since Tuesday due to the migration of the file server for the FEIMS system.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 11: The Department of Foreign Employment (DoFE) has restored its online service, which has come into operation from Thursday. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The service had been temporarily disrupted since Tuesday due to the migration of the file server for the FEIMS system.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Kabiraj Uprety, the Department's Information Officer and Director, confirmed that the online service has been fully restored, making the issuance of work permits a more streamlined process.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the restoration of the FEIMS system, the Department has commenced the approval process for work permits. A notice has been issued to service recipients, informing them of the service's reinstatement.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Consequently, individuals can now register their applications for labor permits online.</span></span></p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18436', 'image' => '20230811060633_collage (8).jpg', 'article_date' => '2023-08-11 06:04:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18706', 'article_category_id' => '1', 'title' => 'Nepal Telecom Launches Ultra-Fast FTTH Internet with1 Gbps Speed', 'sub_title' => '', 'summary' => 'Nepal Telecom has launched Fiber-to-the-Home (FTTH) internet service with speeds up to 1 Gbps (1000 Mbps), providing faster connectivity than ever before. Previously, the company was offering FTTH service with speeds up to 100 Mbps.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 11: Nepal Telecom has launched Fiber-to-the-Home (FTTH) internet service with speeds up to 1 Gbps (1000 Mbps), providing faster connectivity than ever before. Previously, the company was offering FTTH service with speeds up to 100 Mbps.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company has launched an ultra-fast internet service based on XG-PON (10 Gigabit Passive Optical Network) technology, which offers speeds of up to 1 Gbps, making it the fastest available internet service in Nepal. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This service will be offered in two packages: 500 Mbps and 1 Gbps. The downstream capacity for this service will be 10 Gbps, and the upstream capacity will be 2.5 Gbps.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With the Premium FTTH 500 Mbps package, unlimited calling is available within the Nepal Telecom network, while 350 minutes of calling are allowed to other networks each month. This package also includes 0.5 TB of daily data usage.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With the Premium FTTH 1 Gbps package, unlimited calling is available within the Nepal Telecom network, while 500 minutes of calling are allowed to other networks each month. This package also includes 1 TB of daily data usage.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Both packages include an IPTV, CPE (Customer Premises Equipment), a set-top box, and 300 meters of free drop fiber.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The 'Premium FTTH 500 Mbps' package is priced at Rs 80,000 annually, while the 'Premium FTTH 1 Gbps' package is priced at Rs 110,000 annually.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To subscribe to this service or other FTTH services, customers across the country can dial 198-1 (dialing 198 and then dialing 1 after receiving a message) for registration and inquiries related to service connection and maintenance. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For now, this service is available only in Kathmandu Valley, but it will soon be expanded to other areas. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Corporate customers who need fast and reliable internet for their business will benefit from this service.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-11', 'modified' => '2023-08-11', 'keywords' => '', 'description' => '', 'sortorder' => '18435', 'image' => '20230811055113_collage (7).jpg', 'article_date' => '2023-08-11 05:48:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18705', 'article_category_id' => '1', 'title' => 'NEPSE Registers Minimal Gain; Turnover Amount Rises ', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index witnessed a minimal increase of 5.13 points or 0.24 percent and closed at 2066.05 on the last trading day of the week-Thursday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 10: The Nepal Stock Exchange(NEPSE) Index witnessed a minimal increase of 5.13 points or 0.24 percent and closed at 2066.05 on the last trading day of the week-Thursday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary market had seen a substantial rise of 41.06 points yesterday after touching down the bottom of 2000 points. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index witnessed a total turnover of Rs 2.15 billion compared to yesterday’s turnover of Rs 1.88 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> During today's trading, a total of 269 scrips exchanged their hands through 57,789 transactions. As many as to 5,503,021 shares were traded amounting to Rs. 2.15 billion.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The sensitive index rose by 0. 28 percent, the float index increased by 0.15 percent, and the sensitive float index grew by 0.01 percent respectively. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Soaltee Hotel Limited (SHL) recorded the highest turnover, with an impressive amount of Rs. 16.95 crores, and closed at a market price of Rs. 461.70.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN) gained the highest 9.09% for the day. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Meanwhile, Himalayan Laghubitta Bittiya Sanstha Limited (HLBSL) experienced the highest decline of 6.53%.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Five sector indices closed in red, the "Hotel and Tourism" sector registered the highest gain of 2.67% whereas the "Finance" sector lost the highest, declining by 0.39%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18434', 'image' => '20230810061016_collage (5).jpg', 'article_date' => '2023-08-10 18:08:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18704', 'article_category_id' => '1', 'title' => 'Number of People Obtaining Work Permit Increasing in Karnali Province', 'sub_title' => '', 'summary' => 'The number of individuals obtaining work permits in Karnali Province has been on the rise recently. According to the Labour and Employment Office in Surkhet, during the fiscal year 2079/80 BS, a total of 3,300 people acquired new work permits.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 10: The number of individuals obtaining work permits in Karnali Province has been on the rise recently. According to the Labour and Employment Office in Surkhet, during the fiscal year 2079/80 BS, a total of 3,300 people acquired new work permits. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the fiscal year 2075/76 BS, 919 men and 7 women had their work permits renewed. Similarly, in the fiscal year 2076/77 BS, 1,990 men and 36 women obtained work permits, followed by 667 men and 8 women in the fiscal year 2077/78 BS, and 1,005 men and 26 women in the fiscal year 2078/79 BS.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Nirmala Regmi, the Information Officer, stated that the growing trend of people seeking foreign employment is driven by the higher remuneration offered in other countries compared to Nepal. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The number of individuals choosing to work in countries such as Saudi Arabia, Qatar, Malaysia, Bahrain, Kuwait, United Arab Emirates, Croatia, Poland, Romania, Hungary, Moldova, and Belarus has been increasing.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Salyan district in Karnali Province has recorded the highest number of individuals opting for overseas employment, said Regmi. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18433', 'image' => '20230810044614_collage (4).jpg', 'article_date' => '2023-08-10 16:44:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18702', 'article_category_id' => '1', 'title' => 'NEPSE’s Policy and Programmes to Focus on System Development', 'sub_title' => '', 'summary' => 'August 10: Nepal Stock Exchange (NEPSE), the one and only securities market operator in Nepal so far, has given special priority to system development and management in this year's policies and programs.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">August 10: Nepal Stock Exchange (NEPSE), the one and only securities market operator in Nepal so far, has given special priority to system development and management in this year's policy and programmes. This year, NEPSE will conduct various programs under the headings of system development and management, staff and organization management, capital market awareness, physical infrastructure development and office management, along with strengthening institutional governance, study research, business monitoring and supervision; regulation and formulation of procedure; and risk management and compliance.</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"">NEPSE, which is providing an opportunity for all Nepalis to do business in the secondary market easily from all over the world through online technology, has put forward a plan to buy tested online trading software of international standard for system development this year. This year's policy and program of NEPSE also includes the plan to renew the software used by Nepse, and to sign to an annual maintenance contract for the maintenance of hardware, website, power system and other services. </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"">NEPSE also plans to buy necessary licenses, software, and hardware for the operation of office equipment along with a program of building a new data center this year. </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"">Information Officer Murahari Parajuli says that the number of Demat account openings has reached more than 5.8 million and more than 1.6 million investors have participated in the securities market trading.</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"">Parajuli also informed that NEPSE is planning to finalize the plan to issue IPO. According to Parajuli, the IPO will be issued after receiving approval from the Ministry of Finance. At present, the paid-up capital of NEPSE is Rs 500 million. </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 Securities Board of Nepal is preparing to issue license to a new stock exchange with paid-up capital of Rs 3 billion.</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"">Although it is not mandatory for NEPSE to increase its paid-up capital, it wants to issue IPO to remain competitive in the market.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18431', 'image' => '20230810032251_blank - Copy.jpg', 'article_date' => '2023-08-10 15:19:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18700', 'article_category_id' => '1', 'title' => '‘Janakpurdham can become a Major Religious and Tourism Hub’', 'sub_title' => '', 'summary' => 'August 10: The private sector has requested the government to make Janakpurdham one of the major destinations for religious tourism. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">August 10: The private sector has requested the government to make Janakpurdham one of the major destinations for religious tourism. The speakers during a discussion on 'The Meaning of Dhanusha - Social Transformation' demanded to make Janakpur a tourist city. The event was organized jointly by the Madhesh Province Chapter of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI) in coordination with New Business Age on Wednesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Tourism in Janakpur will thrive if all three tiers of government create a favourable environment at the Nepal-India border, said Ashok Kumar Temani, president of the Madhesh Province chapter of FNCCI.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">He added that if the federal, state and local governments promote the agricultural sector, Nepal can be self-sufficient in food. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Madan Lamsal, chairman and editor-in-chief of New Business Age, said that although Madhesh Province is ahead in terms of economic potential, the opportunities have not been utilized. Lamsal also said that if the potential of Madhesh can be utilized, it will help to uplift the country's economy.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Jitendra Mahaseth, president of the Janakpurdham Industry and Commerce Association, said that developing Janakpurdham as a religious tourism zone will help in sustaining the local economy. He said that it is unfortunate that there is no international airport in Janakpurdham although it is a major religious, economic and commercial area.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">He commented that even though the youths who went abroad from Dhanusha send millions of remittances every year, the government has not been able to come up with a concrete program to create jobs at the local level.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">During the program, former president of the Janakpurdham Chamber of Commerce and Industry, Shivshankar Sah said that the shrine of Muslim religious guru Shere Nepal in Lohnama of Dhanusha and Rouja shrine of Mahottari should be developed as religious tourism areas for Muslims. He hoped that this would increase the arrival of Muslim tourists as well. He alleged that the state has always neglected the Janaki temple and religious places in Janakpur.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Chaudhary, the former president of the Janakpurdham Chamber of Commerce and Industry, pointed out the need to connect the Janakpur-Jatahi 6-lane road in Dhanusha with Madhubani district of Bihar state in India. He said that it will take 150 km less to reach Kolkata port from Jatahi crossing than from other border points in Nepal.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18429', 'image' => '20230810024521_20200223011349_1111.jpg', 'article_date' => '2023-08-10 14:44:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18699', 'article_category_id' => '1', 'title' => 'NRB Lacks Experts in Various Departments due to Transfer of Staff', 'sub_title' => '', 'summary' => 'August 10: A study has revealed that there is a shortage of subject matter experts in Nepal Rastra Bank (NRB) due to transfer of employees.', '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"">August 10: A study has revealed that there is a shortage of subject matter experts in Nepal Rastra Bank (NRB) due to transfer of employees.</span></span></span></span></p> <p><span style="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 study conducted by the Human Resources Department of the central bank has been found that although some departments require employees with expertise in related fields, they are not appointed when employees are transferred from time to time.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report mentions that the transfer of staff without bringing a replacement has been affecting the departments that need expertise. Also, the need for timely changes in the employee transfer policy has also been pointed out by the report.</span></span></span></span></p> <p><span style="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 survey conducted among the employees has suggested to implement 'performance-based pay'. There is no provision for payment based on productivity among NRB employees. </span></span></span></span></p> <p><span style="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 study found that the employees who work more are not motivated to work because they get paid equal to those who work less.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the study has pointed out that employees are using informal channels to raise their demands and this has become a challenge. </span></span></span></span></p> <p><span style="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 last fiscal year, there were 1,082 employees working in the central bank, of which 52 percent were officers. Likewise, 75 percent of the employees were male. Among the employees, 1 percent had PhD degree, 1 percent MPhil, 61 percent Masters degree, 5 percent CA, 19 percent Bachelors percent and 7 percent were SLC gradyuates.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => 'Nepal, Rastra, Bank, NRB, employee, survey, study, expert, transfer, degree', 'description' => '', 'sortorder' => '18428', 'image' => '20230810013340_1691631319.1690100420[1].jpg', 'article_date' => '2023-08-10 13:32:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18698', 'article_category_id' => '1', 'title' => 'Disaster Affects 50 Districts, Death Toll Rises to 41 ', 'sub_title' => '', 'summary' => 'August 10: With the entrance of monsoon on June 14 this year, the monsoon-induced disaster has so far affected 50 districts of the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 10: With the entrance of monsoon on June 14 this year, the monsoon-induced disaster has so far affected 50 districts of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Home Ministry, as many as 41 people have lost their lives so far and 31 have disappeared in the monsoon-induced disaster, including floods and landslides. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Joint-Secretary Mahadev Panthi, chief of the Home Ministry's Disaster and Conflict Management Division, informed RSS that at least 55 people were injured in the incidents of natural calamities in various districts. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, loss of lives has been reported in 20 out of 50 disaster-hit districts. Likewise, people from six districts, including Sankhuwasabha, Taplejung, Panchthar, Dolakha, Makawanpur and Mahottari, went missing in the disastrous incidents, Panthi added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the data base of the Ministry, 55 people from 28 districts have sustained injuries. In the incidents, a total of 130 houses were completely damaged while 193 houses were partially damaged. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A huge loss of lives and properties was reported in the eastern districts of Nepal, including Panchthar, Sankhuwasabha and Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The incidents of intermittent downpours during the monsoon triggered floods and landslides in different districts. Some districts have yet to witness rainfall this year. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18427', 'image' => '20230810010059_20230621083955_DSC05808.jpg', 'article_date' => '2023-08-10 13:00:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18697', 'article_category_id' => '1', 'title' => 'Pathao Nepal Launches Parcel Service', 'sub_title' => '', 'summary' => 'August 10: Ride-sharing service provider Pathao Nepal has launched the 'Pathao Parcel' service.', '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"">August 10: Ride-sharing service provider Pathao Nepal has launched the 'Pathao Parcel' service. Pathao Nepal’s Spokesperson Shashank Shamsher Thapa said that the parcel service allows people to deliver goods anywhere within the Kathmandu valley.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pathao said that this service can be availed through Pathao's mobile app.</span></span></span></span></p> <p><span style="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 person sending or receiving the parcel service can pay for the service. Thapa said that if there is any loss/damage while parceling the goods, Pathao will pay compensation up to Rs 2,000.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Service seekers can send a maximum of two kilograms of goods through the parcel service which is available 24 hours a day.</span></span></span></span></p> <p><span style="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 service was under trial phase for some time but now it has been fully implemented since Wednesday.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18426', 'image' => '20230810121611_1691637709.2023-08-10 09.06.13_11zon.jpg', 'article_date' => '2023-08-10 12:15:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18696', 'article_category_id' => '1', 'title' => 'Dengue Infection Rising Across Nepal, Cases Exceed 10,000 ', 'sub_title' => '', 'summary' => 'August 10: The cases of dengue fever are soaring across the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 10: The cases of dengue fever are soaring across the country. According to the Epidemiology and Disease Control Division, the disease has spread to 74 districts with 10,726 diagnosed cases. It has so far caused seven fatalities. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Director of the division Dr Rudra Prasad Marasini said that monsoon rains and inadequate sanitation practice have led to the rise in infection. If the ongoing trend persists, the infection is anticipated to reach its peak during August-September. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In 2022, the country reported 54,784 cases with 88 fatalities. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Among the districts dealing with the infection, Sunsari has the highest number of cases at 6,041. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Dengue is caused by the mosquitoes called Aedes aegypti and Aedes albopictus. It breeds in places where clean water gets accumulated. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Among the provinces, Koshi Province has reported the highest number of infection with 8,109 cases followed by 1,453 cases in Bagmati, 471 in Gandaki, 393 in Sudurpaschim, 215 in Lumbini, 57 in the Madhesh and 28 in Karnali. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Dengue was first detected in Nepal in the year 2004. Cases of dengue fever increased in 2006, 2010, 2012, 2013, 2017 and 2019.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the available data, 32 infection cases were recorded in 2006 AD, 917 in 2010 AD, 686 in 2013 AD, 1,527 in 2016 AD, 2,111 in 2017 AD, 811 in 2018 AD, 17,992 in 2019 AD, 530 in 2020 AD and 540 in 2021 AD .</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The mosque-borne disease which was mostly found in Terai-Madhes has also been increasingly detected in mountainous cities, including Pokhara and Kathmandu since 2018. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the rise in mercury level in mountainous region due to climate change, dengue cases have been detected in places where it was never reported before. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to government officials, dengue patients have also been detected in Humla, Jumla, Mugu and Dolpa in recent years.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The government has appealed to one and all to use mosquito nets at night, wear full-sleeve clothes during farm work, and install wire mesh doors and windows to avoid contracting the disease.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the government has recommended the use of mosquito repellant coils, liquid or ointment, proper management of domesticated animals and removal of puddle. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => 'Dengue, Nepal, cases, soaring, rising, increasing, mosquito', 'description' => '', 'sortorder' => '18425', 'image' => '20230810111539_dengue-test_650x400_61442241844.jpg', 'article_date' => '2023-08-10 11:14:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18695', 'article_category_id' => '1', 'title' => 'Second 'Nepal Electric, and Electronics International Exhibition’ Scheduled from September 1 to 3', 'sub_title' => '', 'summary' => 'The second 'Nepal Electric, and Electronics International Exhibition’ is scheduled to take place at Kathmandu's Bhrikuti Mandap. The exhibition focusing on electrical appliances and energy-related products will be held from September 1 to 3 in Kathmandu.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 10: The second 'Nepal Electric, and Electronics International Exhibition’ is scheduled to take place at Kathmandu's Bhrikuti Mandap. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition focusing on electrical appliances and energy-related products will be held from September 1 to 3 in Kathmandu. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Media Space Solutions, Exhibition and Trade Services India Private Limited, and Futurex Trade Fairs and Events Private Limited are jointly organizing the exhibition. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the theme 'Exposition, Conference, and Partnership', the organizers aim to foster collaboration between electricity, major electrical equipment, household electrical supplies, and various industries engaged in energy. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The exhibition will introduce newly developed electrical appliances to Nepali consumers. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The entry to exhibition will be free of charge. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> </span></span></p> ', 'published' => true, 'created' => '2023-08-10', 'modified' => '2023-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '18424', 'image' => '20230810060630_collage (6).jpg', 'article_date' => '2023-08-10 06:03:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
