Due to a scarcity of rainfall during this year's rainy season, the paddy seedlings plantation in Tanahun district has faced significant…
Due to a scarcity of rainfall during this year's rainy season, the paddy seedlings plantation in Tanahun district has faced significant…
July 26: Sanima Bank has signed a partnership agreement with Swisscontact Nepal for the Phase II of Agriculture Market Development Program Phase with the goal of strengthening the capacity of the bank to finance agro-based SMEs in Koshi…
July 26: Nepal Chamber of Commerce (NCC) has requested the newly appointed Pakistani Ambassador to Nepal, Abrar Hussain Hashmi, for the operation of direct air service between Nepal and…
July 26: The Nepal Infrastructure Construction Company, with an authorized capital of Rs 10 billion and issued capital of Rs 5 billion, established four years ago under the full ownership of the government, has no work to do at…
July 26: Nepal exported cement worth Rs 780 million in the last fiscal year (FY…
July 26: Standard Chartered Bank Nepal Limited (SCBNL) has joined hands with Nepal Eye Programme of Tilganga Institute of Ophthalmology and MITRA Samaj to identify and treat cases of avoidable blindness, cataract and posterior segment eye diseases across all provinces in the…
July 26: The Hotel Association Nepal (HAN) has expressed dissatisfaction with the monetary policy issued by Nepal Rastra Bank (NRB) for the current fiscal year.…
Nepal imported millets worth Rs 513 million in the last fiscal year from…
The Bir Hospital has brought VIP and VVIP wards into operation. A fully equipped three-bed ward in the surgical building has a guest and visitor's hall, said the hospital director Dr Santosh…
In the fiscal year 2079/80 BS, Nepal imported vegetables and fruits worth a total of Rs 6.29 billion through the eastern check point,…
July 25: The graph of crime has been increasing steadily in Kathmandu year by year, data…
July 25: The British Council in Nepal has launched a new service, IELTS Ready: Premium, with the objective of providing innovative support for those preparing to take an IELTS test with the British…
July 25: Nepal’s foreign trade declined by 16.58 percent in the last fiscal year compared to the previous…
July 25: Dusit Thani Himalayan Resort Dhulikhel, Nepal, the first luxury resort in Namo Buddha, Dhulikel, has started…
July 25: The three largest umbrella associations of the private sector, the Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the Confederation of Nepalese Industries (CNI) and the Nepal Chamber of Commerce (NCC) have said that the monetary policy introduced by the Nepal Rastra Bank (NRB) for the current fiscal year (FY 2023/24) will not address the current economic…
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Dev Bahadur Kamali from Bhanu Municipality-2 reported that many farms have been left unplanted due to the absence of rain. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">This has resulted in worries among farmers regarding limited grain output. Shivalal Pradhan, a farmer from Kalesti in Byas Municipality-7, highlighted that the lack of water supply for plantation has compounded their difficulties.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Pradip Ghimire of Byas Municipality-7 pointed out that land plots could remain barren this year if adequate rainfall does not occur. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">According to Kul Prasad Tiwari, the Senior Agricultural Development Officer and Chief of Agriculture Knowledge Centre in Tanahun, an estimated 15 percent of the farmland in the district may remain unutilized due to the delayed planting caused by the lack of rainfall. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Tiwari said that paddy transplantation has been completed on approximately 75 percent of the land in Tanahun, and this figure could potentially reach 85 percent by the end of the season, assuming more rainfall arrives.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18298', 'image' => '20230726043746_collage (3).jpg', 'article_date' => '2023-07-26 16:36:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '18568', 'article_category_id' => '218', 'title' => 'Sanima Bank Signs Partnership Deal with Swisscontact Nepal for Agro Financing', 'sub_title' => '', 'summary' => 'July 26: Sanima Bank has signed a partnership agreement with Swisscontact Nepal for the Phase II of Agriculture Market Development Program Phase with the goal of strengthening the capacity of the bank to finance agro-based SMEs in Koshi Province.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">July 26: Sanima Bank has signed a partnership agreement with Swisscontact Nepal for the Phase II of Agriculture Market Development Program Phase with the goal of strengthening the capacity of the bank to finance agro-based SMEs in Koshi Province.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The partnership aims to cater to the financial needs of agro-processing enterprises in Koshi Province, reads a press statement issued by the bank. The agreement will help carry out orientation and spread awareness in an innovative and effective way, added the statement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to Sanima Bank, this partnership will optimize the digitization of the agro-loan processing, carry out promotional activities of agro-loan products, organize various client orientation and business literacy programs and build the capacity of the bank’s staff to cater to the agro-enterprises’ needs in an efficient way.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Deputy Chief Executive Officer of Sanima Bank, Tej Bahadur Chand, mentioned that the partnership would enable Sanima Bank to further strengthen its initiatives in better serving agriculture enterprises through innovative financial products and services. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Sanima Bank is currently providing services from 132 offices and 122 ATM networks across all 7 provinces.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18297', 'image' => '20230726020604_Photo_Partnership with Swisscontact.JPG', 'article_date' => '2023-07-26 14:04:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18567', 'article_category_id' => '1', 'title' => 'NCC Demands Direct Flights between Nepal and Pakistan', 'sub_title' => '', 'summary' => 'July 26: Nepal Chamber of Commerce (NCC) has requested the newly appointed Pakistani Ambassador to Nepal, Abrar Hussain Hashmi, for the operation of direct air service between Nepal and Pakistan.', '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"">July 26: Nepal Chamber of Commerce (NCC) has requested the newly appointed Pakistani Ambassador to Nepal, Abrar Hussain Hashmi, for the operation of direct air service between Nepal and Pakistan. The NCC is of the view that direct air connectivity is necessary to facilitate trade between the two countries and promote tourism activities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In a meeting with the newly appointed Ambassador Hasmi, NCC President Rajendra Malla emphasized that the Kathmandu-Karachi flights should be resumed immediately for the expansion of trade between the two countries, exchange of tourism and growth of economic and commercial activities. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Malla urged Ambassador Hashmi to take the initiative for the operation of air services between the two countries at the government level. The also requested for cooperation with the private sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> "The air distance between Nepal and Pakistan is three hours. If it can be utilized, trade and tourism can be expanded between the two countries," he said. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to NCC President Malla, there is great potential for both the countries to benefit by increasing joint investment in air services and small and medium industries through cooperation between the private sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pakistani Ambassador to Nepal Hasmi said that there should be an initiative from the government for the operation of air services.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal is currently importing medicines, processed leather products, machinery items, shoes, slippers among others from Paksitan while Nepal exports honey, coffee, tea, handicraft products, cardamom, eye lenses, woolen yarn and other items to Pakistan. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Malla, direct flights will also facilitate tourism activities. Ambassador Hasmi expressed his commitment to take further initiatives for the expansion of business activities by holding discussions between the officials of the chambers of commerce of the two countries.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18296', 'image' => '20230726015538_ncccc.jpg', 'article_date' => '2023-07-26 13:54:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18566', 'article_category_id' => '1', 'title' => ' Nepal Infrastructure Construction Company Devoid of Work', 'sub_title' => '', 'summary' => 'July 26: The Nepal Infrastructure Construction Company, with an authorized capital of Rs 10 billion and issued capital of Rs 5 billion, established four years ago under the full ownership of the government, has no work to do at all.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">July 26: The Nepal Infrastructure Construction Company, with an authorized capital of Rs 10 billion and issued capital of Rs 5 billion, established four years ago under the full ownership of the government, has no work to do at all. This company, which was established on July 10, 2019 by the then KP Sharma Oli-led government to work in the field of construction, has gone out of business due to the lack of a clear policy. So far, it has not been able to do any other work in the field of construction apart from general consultation. </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 company has been given the right to engage in almost all areas of infrastructure development. The then government had established the company with the aim of undertaking construction works related to roads, airports, expressways, highways, railways, dry ports, harbors, canals, pipelines, substations. It seems that this company is not among the priorities of the successive governments formed after the fall of the Oli government. This company is lagging behind in achieving its objectives due to the lack of a clear policy of the government. The government officials admit that the company has not been able to produce results.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Rajesh Kumar Thapa, joint secretary at the Ministry of Physical Infrastructure and Transport, who is also the secretary of the company, says that the existing law does not allow the company to move forward as per the objective. </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 him, this state-owned company was established with the aim of engaging in procurement and construction work of public concern at any time. However, as the current Public Procurement Act stipulates that no company can get any work without competition, it has become difficult for this company to bag contracts.</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 Ministry of Physical Infrastructure has already taken the initiative for amending the Public Procurement Act. After removing the policy hurdles, the company will be able to work in the field of construction as per its objective,” he said in a conversation with New Business Age. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Chief Executive Officer (CEO) of Nepal Infrastructure Construction Company, Devendra KC admitted that the company was unable to achieve results due to the lack of policy. </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 him, the company can work only if the legal arrangements in the Public Procurement Act are amended. Currently, the company has only done general works related to consultation. No work related to construction has been done.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">KC said that there is some hope because a bill to amend Some Nepal Acts has been registered in the parliament to remove legal complications. </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 bill proposes entrusting the construction company with work under special circumstances when it is required to undertake construction works immediately and it not possible to indulge in the bidding process.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">T<span style="font-size:14.0pt">he bill registered in the Parliament also proposes allowing the company to carry out all types of construction works including construction of buildings, factories, airports, expressways, highways, roads, access roads, railways, dry ports, bridges, tunnels, waterways, and ropeways among others.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Arrangements are being made to allow the construction of hangars, ports, and coastal roads as well. Similarly, construction of canals, pipelines, reservoirs, water tanks, ponds, dams, civil engineering construction works, workshops, garages, hotels, warehouses, and cold storage facilities are also to be given to the company. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">In addition legal arrangements are being made so that this company can carry out the construction of markets, shops, towns, residences, new settlements and also get involved in integrated urban development, urban infrastructure development, housing development and land consolidation projects, along with urban regeneration, well drilling and mining, hydroelectric power plant construction, flood control, recreational facilities, swimming ponds, fishing ponds, public, industrial, agricultural and all other types of buildings and useful facilities.</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 government had previously established the National Construction Company Nepal (NCCN), which was canceled after six consecutive years of losses. The interesting part is that the current infrastructure construction company is running profitably by doing consulting work with nine employees without any construction work or even buying equipment.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18295', 'image' => '20230726124936_1690334987.asdasdasdadasdasdasdasd - Copy.jpg', 'article_date' => '2023-07-26 12:48:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18565', 'article_category_id' => '1', 'title' => 'Nepal Exported Cement worth Rs 780 Million in Last FY', 'sub_title' => '', 'summary' => 'July 26: Nepal exported cement worth Rs 780 million in the last fiscal year (FY 2022/23).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 26: Nepal exported cement worth Rs 780 million in the last fiscal year (FY 2022/23).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Department of Customs, three cement industries exported over 1 million tons of cement worth Rs 777.93 million in the review year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the department, the industries exported 607,073 metric tons of cement worth Rs 420.35 million and 396,950 metric tons of clinker worth Rs 358.95 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, three cement industries namely Palpa, Arghakhanchi and Balaji are exporting cement to India. Besides, other industries are preparing to export cement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Palpa Cement's 'Tansen' brand was exported to India from July 9 last year. Meanwhile, Arghakhanchi Cement and Balaji Cement started exporting PPC cement under the brands 'Bahubali' and 'Shrishti' from October 17 and June 12 last year respectively.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The industries started exporting cement after the government announced up to eight percent cash subsidy on cement exports along with a subsidy of 2-15 percent on electricity tariff for the industries that consume worth more than Rs 100 million annually. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Cement Producers Association of Nepal has said that many cement industries are waiting for quality certificate for cement export from the Government of India. Nepali cement industry will have to get a quality certificate from the Indian government for exporting cement to India. The cement industry operating in Nepal has an annual production capacity of around 22 million tons. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18294', 'image' => '20230726114157_20220607103309_Clipboard18.jpg', 'article_date' => '2023-07-26 11:39:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18564', 'article_category_id' => '1', 'title' => 'Standard Chartered Bank Nepal Funds Eyecare Projects worth Rs 10 Million', 'sub_title' => '', 'summary' => 'July 26: Standard Chartered Bank Nepal Limited (SCBNL) has joined hands with Nepal Eye Programme of Tilganga Institute of Ophthalmology and MITRA Samaj to identify and treat cases of avoidable blindness, cataract and posterior segment eye diseases across all provinces in the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 26: Standard Chartered Bank Nepal Limited (SCBNL) has joined hands with Nepal Eye Programme of Tilganga Institute of Ophthalmology and MITRA Samaj to identify and treat cases of avoidable blindness, cataract and posterior segment eye diseases across all provinces in the country.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The bank has donated USD 36,434 (Rs 4,790,866) to Nepal Eye Programme which will be used in the establishment of a Community Eye Centre (CEC) at Nichuta, Parsa, to deliver comprehensive eye care services to the people of Paterwa Sugauli Rural Municipality-5 and its adjoining rural and urban municipalities, reads a statement issued by the bank. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the bank, the project will focus on elderly people, women, children, people with impairment, and people with disabilities. A total of 7,200 persons will directly benefit from this project such as community eye centre (3,000), community screenings (2,000), school screenings (2,000) and cataract surgeries (200) through the outreach programme in a year, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The bank said it also donated USD 51,379 (NPR 6,725,000) to MITRA Samaj. According to the bank, the amount will be used for the Cataract Blindness Alleviation Project aimed at identifying cases of avoidable blinding, including cataract, among the hard-to-reach population (especially 50+years), in priority areas of all provinces of Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Altogether 3,000 people are expected to benefit through the screenings. The bank said that 700 to 1,000 cataract cases will be identified, 1,500 people with refractive error are expected to get treated and/or receive reading glasses, and at least 700 cataract cases will be restored with vision through this project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the cheque handover event, Harsha Pillai, head of Corporate Affairs, Brand and Marketing at Standard Chartered Bank Nepal Limited (SCBNL) said that the bank aims to provide eye care services in collaboration with Nepal Eye Programme (Tilganga Institute of Ophthalmology) and MITRA Samaj to those who would not have easy access or cannot afford this treatment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The focus is on early detection of eye ailments, referral, and appropriate treatment. Serving communities will always be at the heart of Standard Chartered,” added Pillai.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, Reeta Gurung, chief executive officer of the Tilganga Institute of Ophthalmology, assured that the funds will be well spent for the benefit of the needy people of Nichuta area.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Vivek Singh Thakuri, executive director of MITRA Samaj shared, "We are super excited to partner with Standard Chartered Bank to identify cases of avoidable blindness and improve people’s vision by organising free Outreach Micro Surgical Eye Clinics (OMSEC). We are looking forward to touching lives positively.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The statement mentions that eye health care is an essential component of basic health service to be provided to all citizens as stated in the constitution of Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Despite efforts from various stakeholders, vision impairment continues to be a major problem. With this in mind, Standard Chartered Bank has decided to make these significant donations to help provide accessible, affordable and quality eye care in the country.”</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18293', 'image' => '20230726105932_stan.jpg', 'article_date' => '2023-07-26 10:58:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18563', 'article_category_id' => '1', 'title' => 'HAN Dissatisfied with New Monetary Policy', 'sub_title' => '', 'summary' => 'July 26: The Hotel Association Nepal (HAN) has expressed dissatisfaction with the monetary policy issued by Nepal Rastra Bank (NRB) for the current fiscal year. ', '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"">July 26: The Hotel Association Nepal (HAN) has expressed dissatisfaction with the monetary policy issued by Nepal Rastra Bank (NRB) for the current fiscal year. Issuing a statement on Tuesday, HAN expressed dissatisfaction stating that the monetary policy could not address the problems of the hotel and tourism sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Announcing its views on the monetary policy on Tuesday, HAN said that it was enthusiastic about the new policy because it did not have any new initiatives to uplift the hotel and tourism industry which was hit hard by the recession in the aftermath of the Covid-19 pandemic and the Russia-Ukraine war. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">HAN complained that although the businessmen have demanded measures like re-financing and rescheduling of loans as well as the development of the tourism sector through the provision of low interest rates, the monetary policy has not addressed these issues.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">HAN said that the current fiscal year's budget and monetary policy have admitted that the number of tourists and economic activities have increased but the capacity of the hotels, which is constantly being added, is under-utilized with less than one-third occupancy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As a result, the hotel industry is in loss and unable to pay regular interest to the banks, it has been mentioned in the statement. </span></span></span></span></p> <p><span style="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 review of last year's monetary policy had provision of re-financing and rescheduling of the interest to be paid to the banks. However, the hotel and tourism industry operators are now confused because there are no such provisions in the new monetary policy.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to HAN, the entry of world-class hotel brands in the country is increasing, but the monetary policy is not encouraging enough. HAN argued that it will be difficult to increase the number of tourists this year due to taxes imposed on raw materials including vegetables consumed by customers and tourists and the introduction of luxury tax.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18292', 'image' => '20230726102038_1690335515.hanadasdasdasdasd.jpg', 'article_date' => '2023-07-26 10:19:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18562', 'article_category_id' => '1', 'title' => 'Nepal Imports Millets worth Rs 510 Million from India ', 'sub_title' => '', 'summary' => 'Nepal imported millets worth Rs 513 million in the last fiscal year from India. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 26: Youths of Nepal are leaving the country for foreign jobs in large numbers and the farmlands in the rural areas are left barren. As a result, the country imported millets worth Rs 513 million in the last fiscal year from India. </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 customs officials, millets worth Rs 513 million were imported from Kakadbhitta customs alone in the fiscal year 2022/23.</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"">Information Officer at the Plant Quarantine Office in Kakadbhitta, Chandra Kishor Thakur, said that a total of 16,035 metric tonnes of millets were imported from Kakadbhitta customs point in the review year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, pumpkins worth Rs 57.7 million were imported from India in the last fiscal year from Kakadbhitta customs point, according to Thakur. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, chilies worth Rs 200 million were imported from Kakadbhitta customs point in the fiscal year 2022/23, Thakur said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Thakur said that fruits and vegetables including onions, tomatoes, long guards, yams, watermelons, gingers and others worth billions were imported during this period from India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the local producers in the districts of eastern Nepal have complained of limited market for the domestic products due to unrestricted imports of vegetables and fruits from India and other countries. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18291', 'image' => '20230726095554_Hardy-Millet.jpg', 'article_date' => '2023-07-26 09:54:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18561', 'article_category_id' => '1', 'title' => 'Bir Hospital Launches VIP, VVIP Wards', 'sub_title' => '', 'summary' => 'The Bir Hospital has brought VIP and VVIP wards into operation. A fully equipped three-bed ward in the surgical building has a guest and visitor's hall, said the hospital director Dr Santosh Paudel. ', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 26: The Bir Hospital has brought VIP and VVIP wards into operation. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A fully equipped three-bed ward in the surgical building has a guest and visitor's hall, said the hospital director Dr Santosh Paudel. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Two beds have been already allocated for VIP and VVIP persons on the first floor of the old building of the hospital. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Minister for Health and Population Mohan Bahadur Basnet on Tuesday inaugurated the VIP and VVIP wards amid a function. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Beds have been added so patients get treatment for all sorts of diseases, said the minister. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The hospital has formed a 15-member team of specialist doctors from government and private hospitals for the same. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“The team of doctors provides treatment. No one needs to go to foreign countries for medical treatment," he said. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Minister Basnet also directed office bearers of the National Academy of Medical Sciences (NAMS) and Bir Hospital to make the hospital service more effective. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Members of the VIP and VVIP treatment specialist committee led by the NAMS chancellor Prof Dr Bhupendra Kumar Basnet are Dr Kiran Shrestha, Dr Dhurba Gaire, Dr Rabiram Shrestha, and Dr Shaili Pradhan.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The committee also includes Dr Bhagawan Koirala, Dr Pukar Chandra Shrestha, Dr Mahesh Adhikari, Dr Subhash Acharya, Dr Sanduk Ruit, Dr Shashi Sharma, Dr Ratna Gajurel, Dr Badri Rijal, Dr Man Bahadur Gajurel and Dr Ramesh Chokhani. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18290', 'image' => '20230726055406_collage (6).jpg', 'article_date' => '2023-07-26 05:52:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '18560', 'article_category_id' => '1', 'title' => 'Vegetables, Fruits Worth Rs 6.29 Billion Imported via Kakadvitta', 'sub_title' => '', 'summary' => 'In the fiscal year 2079/80 BS, Nepal imported vegetables and fruits worth a total of Rs 6.29 billion through the eastern check point, Kakadvitta.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">July 26: In the fiscal year 2079/80 BS, Nepal imported vegetables and fruits worth a total of Rs 6.29 billion through the eastern check point, Kakadvitta. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">The imports consisted of fresh vegetables worth Rs 3.35 billion and fruits worth Rs 2.94 billion,<span style="font-family:"Segoe UI",sans-serif"> according to information Officer at Plant Quarantine Office, Kakadvitta, Chandra Kishor Thakur. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt"><span style="font-family:"Segoe UI",sans-serif">Plant Quarantine Office, Kakadvitta</span></span><span style="font-size:20.0pt"> said that three main vegetables were imported from India in significant quantities. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">These included 25,312 metric tonnes of onions worth Rs 809.9 million, 38,010 metric tonnes of tomatoes worth Rs 608.1 million, and 19,988 metric tonnes of bitter gourd worth Rs 319.8 million.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">Furthermore, Nepal also imported 617 metric tonnes of apples worth Rs 685.8 million and 15,531 metric tonnes of pineapples worth Rs 621.2 million.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">Additionally, other fruits that were imported via the eastern check point included 7,718 metric tonnes of oranges worth Rs 370.4 million, 3,072 metric tonnes of grapes worth Rs 196.6 million, and 2,763 metric tonnes of pomegranates worth Rs 264.8 million. (RSS)</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18289', 'image' => '20230726054053_collage (4).jpg', 'article_date' => '2023-07-26 05:39:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '18559', 'article_category_id' => '1', 'title' => 'Kathmandu Reports Steady Rise in Crime', 'sub_title' => 'More than Half of the Crimes Reported were Related to Banking Fraud ', 'summary' => 'July 25: The graph of crime has been increasing steadily in Kathmandu year by year, data shows. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 25: The graph of crime has been increasing steadily in Kathmandu year by year, data shows. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Kathmandu District Police Range, the cases of banking fraud and other economic offences have significantly soared here in recent times. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the fiscal year 2020/21, a total of 5,662 cases of crimes were registered in Kathmandu and this number increased to 8,977 in the following year and further rose to 13,464 in the fiscal year 2022/23. Notably, more than half of these cases, specifically 7,101 cases, were related to banking fraud. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, 2,894 were related to abuse, 647 involved theft, 414 were associated with swindling, 368 were related drug abuse and smuggling, 357 were related to suicide incidents, and 326 were related to women and children. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, 189 cases were related to traffic accidents and injuries, 27 cases were about murder, and 1,141 cases were related to other forms of offences. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Senior Superintendent of Police, Dan Bahadur Karki, said the data presents the escalating trend of banking fraud and other economic offences in Kathmandu lately. This includes banking fraud, bounced checks, swindling through lottery scams, and deceptive promises of lucrative employment opportunities abroad. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18288', 'image' => '20230725045808_Kathmandu Valley.jpg', 'article_date' => '2023-07-25 16:53:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18558', 'article_category_id' => '1', 'title' => 'British Council Launches IELTS Ready: Premium', 'sub_title' => '', 'summary' => 'July 25: The British Council in Nepal has launched a new service, IELTS Ready: Premium, with the objective of providing innovative support for those preparing to take an IELTS test with the British Council. ', '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"">July 25: The British Council in Nepal has launched a new service, IELTS Ready: Premium, with the objective of providing innovative support for those preparing to take an IELTS test with the British Council. </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 British Council, the new platform will provide personalised IELTS resources to British Council test takers according to their progress. It includes 40 IELTS mock tests, and recorded classes and will be fully supported by native English-speaking IELTS experts.</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"">Test takers can perfect their IELTS preparation with practice tests in both timed and untimed formats, with all answers analysed to inform the most useful exercises for test-takers to practice, reads a press statement issued by the British Council. </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 IELTS Ready: Premium platform is powered by Guided e-Learning (GEL), a leading provider of digital learning in English Language Teaching based in London.</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"">Test takers will also be able to access writing practice with model answers to show what examiners are looking for to achieve the required scores. Likewise, they will also be able to get feedback from IELTS experts on every reading and listening question. Tailored support to target areas where test takers need to improve and familiarisation videos so test takers are prepared for their test are also accessible, added the statement. </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"">Test takers receive unlimited free access to IELTS Ready: Premium from the time they register for IELTS with the British Council up to their test.</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 a successful pilot period, the platform achieved high levels of user satisfaction and engagement amongst test takers. According to the British Council, 97 percent of users said it helped them achieve their desired score and 98 percent said they would recommend the service to others. </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"">Maxim Raimann, General Manager at the British Council Nepal, said that the institute wanted to give IELTS test takers every tool to achieve their ambitions of living, working or studying overseas.</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"">“We are therefore excited to launch IELTS Ready: Premium, to help them feel fully prepared and have the best chance to fulfil those dreams,” he added. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18287', 'image' => '20230725040215_IELTS.jpg', 'article_date' => '2023-07-25 16:01:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18557', 'article_category_id' => '1', 'title' => 'Nepal’s Foreign Trade Shrinks while Trade Deficit Stands at Rs 1454 Billion', 'sub_title' => '', 'summary' => 'July 25: Nepal’s foreign trade declined by 16.58 percent in the last fiscal year compared to the previous year.', '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"">July 25: Nepal’s foreign trade declined by 16.58 percent in the last fiscal year compared to the previous year. Last year, imports decreased by Rs 308.71 billion and exports decreased by Rs 42.89 billion, the Department of Customs announced on Monday.</span></span></span></span></p> <p><span style="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 total foreign trade, which exceeded Rs 2120.47 billion in the year 2021/22, decreased to Rs 1768.87 billion in FY 2022/23. Last year, imports decreased by 16.08 and exports by 21.44 percent.</span></span></span></span></p> <p><span style="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 size of the foreign trade shrunk due to the government's policy of discouraging imports, which contributes more than 90 percent to the total foreign trade. The government had imposed a ban on the import of some luxury items for almost half of the last fiscal year due to the decrease in foreign exchange reserves.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although the government had announced incentives for exports, there was a decline in items sent overseas from 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:"Arial","sans-serif"">Exports from Nepal decreased mainly after India reduced the customs duty imposed on the import of raw materials required for making edible oil. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepali businessmen used to bring unrefined oil from abroad, process it and export it to India when India had imposed a 40 percent duty on the import of edible oil raw materials from countries other than the South Asian Free Trade Area (SAFTA).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">While exporting edible oil from Nepal to India, only 5 percent duty was paid under the SAFTA facility. Later, after India reduced the duty on crude oil export to 2.5 percent, the export from Nepal was negatively affected.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Trade deficit with 132 countries</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the year 2021/22, the country traded with 170 countries of the world and had a trade deficit with 132 countries. There was profit in trade with 38 countries only. Experts say that the trade deficit is increasing due to the lack of domestic products for export.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal’s trade deficit with India was the highest of all while it made profit in foreign trade with Denmark the most.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Former Governor of Nepal Rastra Bank Chiranjeevi Nepal says that the trade deficit will not reduce unless Nepal encourages domestic production. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"We don't have internal production at all. We have only been importing," says former governor Nepal. "To reduce the trade deficit, the government should designate special areas and promote domestic production."</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He says that there is a practice of importing unnecessary goods 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:"Arial","sans-serif"">“Nepali nationals have been making good income through remittance. Therefore, there is a tendency to import unnecessary goods,'' he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to him, the government should promote exports by encouraging the production of goods that have potential in the international market. If that is done, the trade deficit with the partner countries can be gradually reduced.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18286', 'image' => '20230725032424_trade_imbalance.jpg', 'article_date' => '2023-07-25 15:23:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18556', 'article_category_id' => '1', 'title' => 'Dusit Thani Himalayan Resort Starts Operation ', 'sub_title' => '', 'summary' => 'July 25: Dusit Thani Himalayan Resort Dhulikhel, Nepal, the first luxury resort in Namo Buddha, Dhulikel, has started operation.', '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"">July 25: Dusit Thani Himalayan Resort Dhulikhel, Nepal, the first luxury resort in Namo Buddha, Dhulikel, has started operation.</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"">Managed by Dusit International, one of Thailand’s leading hotel and property development companies, the resort combines Dusit’s unique brand of Thai-inspired gracious hospitality with local culture and traditions. </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"">“Dusit Thani literally means ‘Town in Heaven’. Our resort is just over an hour's drive from Tribhuvan International Airport and</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">25km from Bhaktapur Durbar Square, a UNESCO World Heritage Site,” shares Alina Shakya, marketing staff of the resort.</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 resort greets guests with a personal butler – a first-of-its-kind experience in Nepal – ensuring impeccable service and a truly unique experience throughout their stay. The resort also aims to redefine hospitality by offering an unrivalled wellness experience that resonates with guests and the local community.</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"">As part of its initial opening, Dusit Thani Himalayan Resort Dhulikhel, Nepal, offers 28</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">exquisitely designed rooms including four junior suites and 18 luxurious residences managed by Dusit at affordable rates. </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 opening of Dusit Thani Himalayan Resort Dhulikhel, Nepal marks the beginning of</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">an exciting chapter in Dhulikhel’s hospitality landscape, says Kris Panya, general manager of Dusit Thani Himalayan Resort Dhulikhel, 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"">"We are thrilled to unveil this magnificent haven that reflects our core values of care and commitment. We aspire to treat every guest as a cherished member of our own family and ensure an unparalleled level of personalized service and attention while also promoting</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">the local community around," he added.</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"">Guests can enjoy sweeping views of the valley and the awe-inspiring 180-degree Himalayan vista from their private balconies, guaranteeing a serene retreat that provides a taste of the luxurious offerings to come, Shakya added.</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 second phase of the resort, slated to open at the end of the year, will feature an additional 44 rooms, bringing the total number of rooms to 72.</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"">At Dusit Thani Himalayan Resort Dhulikhel, Nepal, wellness takes centre stage. Dusit’s signature Devarana Wellness offers an array of tailored wellness activities and experiences that cater to individual preferences and needs, the resort said in a statement. </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"">“Whether indulging in a rejuvenating spa treatment that blends ancient Thai and traditional Himalayan healing therapies, practising yoga amidst nature's embrace, or exploring the surrounding trails</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">for a soul-soothing hike, guests will discover a sanctuary that fosters holistic well-being.”</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"">Guests can enjoy the stunning views of the Himalayas and valleys from the infinity</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"">swimming pool and outdoor jacuzzi, and also take advantage of the steam, sauna, and fitness centre facilities for a complete wellness experience, says Shakya.</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"">In line with Dusit’s commitment to creating extraordinary moments for guests, dining at the resort is another exceptional experience. Led by Executive Chef Bhavi Khanal, winner of The Best International Executive Chef category at the Galaxy Excellence Awards, the resort’s enticing dining options include Thaan, a versatile multi-cuisine destination, and Bela, a lively poolside bar with a welcoming ambience. Locally sourced ingredients and expertly crafted menus and cocktails combine to deliver a culinary adventure that delights all the senses, the resort operators said.</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 resort also provides ample space for memorable meetings and events, catering to intimate gatherings and large-scale celebrations. Designed with versatility in mind, the grand ballroom expands to 226 sq m and has the remarkable capacity to comfortably host up to 350 guests, creating an ideal setting for grand weddings and other noteworthy occasions.</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"">Dusit Thani Himalayan Resort Dhulikhel, Nepal, also offers the unique advantage of combining the grand ballroom with a meticulously manicured lawn spanning an expansive 540 sq m. This seamless fusion of indoor and outdoor spaces enables the resort to cater to events with extensive guest lists. Operators of Dusit Thani claimed that it is the only resort in the vicinity to provide such comprehensive services.</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"">"From the inception of this project, I have envisioned a sanctuary nestled amidst the awe-inspiring beauty of the Himalayas, where guests could immerse themselves in a world of bespoke luxury and authentic local experiences. So, when your passion and dreams come true, it’s a completely different feeling. And today, I am overwhelmed with joy and pride as we open our doors to the world," Marvendra Mor, principal partner of Omstone Asia Capital Nepal Pvt Ltd, the company which owns Dusit Thani Himalayan Resort Dhulikhel, Nepal said. </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"">Babita Hamal, Managing Director of Omstone Asia Capital Nepal Pvt. Ltd said that her team is delighted to invite the world to experience the unparalleled grandeur of the luxury resort. "We look forward to promoting Dhulikhel as a premier tourist destination in Nepal,” she added. </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"">To celebrate its opening, Dusit Thani Himalayan Resort Dhulikhel, Nepal, is offering a special New Himalayan Hideaway room package, including daily breakfast at Thaan, complimentary afternoon tea at Bela Bar, a complimentary 30-minute neck and shoulder massage at Devarana Wellness for two, a 15% discount on F&B and spa treatments, a complimentary guided visit to Namo Buddha, and more exclusive benefits.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18285', 'image' => '20230725044755_470727500.jpg', 'article_date' => '2023-07-25 14:52:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18555', 'article_category_id' => '1', 'title' => 'Monetary Policy Issued by Central Bank cannot Resolve Economic Crisis: Private Sector', 'sub_title' => '', 'summary' => 'July 25: The three largest umbrella associations of the private sector, the Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the Confederation of Nepalese Industries (CNI) and the Nepal Chamber of Commerce (NCC) have said that the monetary policy introduced by the Nepal Rastra Bank (NRB) for the current fiscal year (FY 2023/24) will not address the current economic crisis.', '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"">July 25: The three largest umbrella associations of the private sector, the Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the Confederation of Nepalese Industries (CNI) and the Nepal Chamber of Commerce (NCC) have said that the monetary policy introduced by the Nepal Rastra Bank (NRB) for the current fiscal year (FY 2023/24) will not address the current economic crisis.</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"">Reacting to the monetary policy issued by the central bank on Sunday, the private sector stakeholders said in a joint statement on Monday that the monetary policy does not meet the expectations of addressing the challenges of the economy, including high-interest rates, low demand, cash flow problems, low production and job cuts, declining morale of the private sector and postponement of new investment plans.</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 policy taken by the central bank through monetary policy does not seem to help in lifting the economy out of recession," said the joint statement. The statement added that even if the central bank's monetary policy has been carefully and flexibly drafted to keep the economy running, the provisions in the policy prove otherwise.</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"">Last year's monetary policy fixed the credit flow to the private sector at 12.6 per cent, but for the current year, the target has been reduced to 11.5 per cent. According to the private sector, it will be difficult to achieve the economic growth rate of 6 per cent taken by the government through the budget when the credit going to the private sector is reduced. </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 private sector was expecting the central bank to take initiatives to control the increase in high-interest rates through monetary policy.</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"">“NRB has reduced the policy rate by 0.5 per cent while keeping the bank rate unchanged. It does not seem to help in reducing the interest rate. It is necessary to use all the tools to reduce the base rate of the banks," the statement said.</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 organisations argue that the economy will not be sustainable unless the monetary policy addresses the suggestions of the private sector.</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"">One of the major demands of the private sector is the borrowers should be provide facilities for refinancing.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18284', 'image' => '20230725010849_economic crisis.jpg', 'article_date' => '2023-07-25 13:08:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18569', 'article_category_id' => '1', 'title' => 'Insufficient Rainfall Delays Paddy Transplant in Tanahun District', 'sub_title' => '', 'summary' => 'Due to a scarcity of rainfall during this year's rainy season, the paddy seedlings plantation in Tanahun district has faced significant delays.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">July 26: Due to a scarcity of rainfall during this year's rainy season, the paddy seedlings plantation in Tanahun district has faced significant delays. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Typically, paddy transplantation is completed by the end of the Asar month in the district; however, the lack of sufficient rainfall has hindered paddy cultivation this year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Farmers in various places of Tanahun have expressed their concerns over the situation. Dev Bahadur Kamali from Bhanu Municipality-2 reported that many farms have been left unplanted due to the absence of rain. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">This has resulted in worries among farmers regarding limited grain output. Shivalal Pradhan, a farmer from Kalesti in Byas Municipality-7, highlighted that the lack of water supply for plantation has compounded their difficulties.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Pradip Ghimire of Byas Municipality-7 pointed out that land plots could remain barren this year if adequate rainfall does not occur. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">According to Kul Prasad Tiwari, the Senior Agricultural Development Officer and Chief of Agriculture Knowledge Centre in Tanahun, an estimated 15 percent of the farmland in the district may remain unutilized due to the delayed planting caused by the lack of rainfall. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Tiwari said that paddy transplantation has been completed on approximately 75 percent of the land in Tanahun, and this figure could potentially reach 85 percent by the end of the season, assuming more rainfall arrives.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18298', 'image' => '20230726043746_collage (3).jpg', 'article_date' => '2023-07-26 16:36:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '18568', 'article_category_id' => '218', 'title' => 'Sanima Bank Signs Partnership Deal with Swisscontact Nepal for Agro Financing', 'sub_title' => '', 'summary' => 'July 26: Sanima Bank has signed a partnership agreement with Swisscontact Nepal for the Phase II of Agriculture Market Development Program Phase with the goal of strengthening the capacity of the bank to finance agro-based SMEs in Koshi Province.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">July 26: Sanima Bank has signed a partnership agreement with Swisscontact Nepal for the Phase II of Agriculture Market Development Program Phase with the goal of strengthening the capacity of the bank to finance agro-based SMEs in Koshi Province.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The partnership aims to cater to the financial needs of agro-processing enterprises in Koshi Province, reads a press statement issued by the bank. The agreement will help carry out orientation and spread awareness in an innovative and effective way, added the statement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to Sanima Bank, this partnership will optimize the digitization of the agro-loan processing, carry out promotional activities of agro-loan products, organize various client orientation and business literacy programs and build the capacity of the bank’s staff to cater to the agro-enterprises’ needs in an efficient way.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Deputy Chief Executive Officer of Sanima Bank, Tej Bahadur Chand, mentioned that the partnership would enable Sanima Bank to further strengthen its initiatives in better serving agriculture enterprises through innovative financial products and services. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Sanima Bank is currently providing services from 132 offices and 122 ATM networks across all 7 provinces.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18297', 'image' => '20230726020604_Photo_Partnership with Swisscontact.JPG', 'article_date' => '2023-07-26 14:04:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18567', 'article_category_id' => '1', 'title' => 'NCC Demands Direct Flights between Nepal and Pakistan', 'sub_title' => '', 'summary' => 'July 26: Nepal Chamber of Commerce (NCC) has requested the newly appointed Pakistani Ambassador to Nepal, Abrar Hussain Hashmi, for the operation of direct air service between Nepal and Pakistan.', '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"">July 26: Nepal Chamber of Commerce (NCC) has requested the newly appointed Pakistani Ambassador to Nepal, Abrar Hussain Hashmi, for the operation of direct air service between Nepal and Pakistan. The NCC is of the view that direct air connectivity is necessary to facilitate trade between the two countries and promote tourism activities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In a meeting with the newly appointed Ambassador Hasmi, NCC President Rajendra Malla emphasized that the Kathmandu-Karachi flights should be resumed immediately for the expansion of trade between the two countries, exchange of tourism and growth of economic and commercial activities. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Malla urged Ambassador Hashmi to take the initiative for the operation of air services between the two countries at the government level. The also requested for cooperation with the private sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> "The air distance between Nepal and Pakistan is three hours. If it can be utilized, trade and tourism can be expanded between the two countries," he said. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to NCC President Malla, there is great potential for both the countries to benefit by increasing joint investment in air services and small and medium industries through cooperation between the private sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pakistani Ambassador to Nepal Hasmi said that there should be an initiative from the government for the operation of air services.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal is currently importing medicines, processed leather products, machinery items, shoes, slippers among others from Paksitan while Nepal exports honey, coffee, tea, handicraft products, cardamom, eye lenses, woolen yarn and other items to Pakistan. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Malla, direct flights will also facilitate tourism activities. Ambassador Hasmi expressed his commitment to take further initiatives for the expansion of business activities by holding discussions between the officials of the chambers of commerce of the two countries.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18296', 'image' => '20230726015538_ncccc.jpg', 'article_date' => '2023-07-26 13:54:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18566', 'article_category_id' => '1', 'title' => ' Nepal Infrastructure Construction Company Devoid of Work', 'sub_title' => '', 'summary' => 'July 26: The Nepal Infrastructure Construction Company, with an authorized capital of Rs 10 billion and issued capital of Rs 5 billion, established four years ago under the full ownership of the government, has no work to do at all.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">July 26: The Nepal Infrastructure Construction Company, with an authorized capital of Rs 10 billion and issued capital of Rs 5 billion, established four years ago under the full ownership of the government, has no work to do at all. This company, which was established on July 10, 2019 by the then KP Sharma Oli-led government to work in the field of construction, has gone out of business due to the lack of a clear policy. So far, it has not been able to do any other work in the field of construction apart from general consultation. </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 company has been given the right to engage in almost all areas of infrastructure development. The then government had established the company with the aim of undertaking construction works related to roads, airports, expressways, highways, railways, dry ports, harbors, canals, pipelines, substations. It seems that this company is not among the priorities of the successive governments formed after the fall of the Oli government. This company is lagging behind in achieving its objectives due to the lack of a clear policy of the government. The government officials admit that the company has not been able to produce results.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Rajesh Kumar Thapa, joint secretary at the Ministry of Physical Infrastructure and Transport, who is also the secretary of the company, says that the existing law does not allow the company to move forward as per the objective. </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 him, this state-owned company was established with the aim of engaging in procurement and construction work of public concern at any time. However, as the current Public Procurement Act stipulates that no company can get any work without competition, it has become difficult for this company to bag contracts.</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 Ministry of Physical Infrastructure has already taken the initiative for amending the Public Procurement Act. After removing the policy hurdles, the company will be able to work in the field of construction as per its objective,” he said in a conversation with New Business Age. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Chief Executive Officer (CEO) of Nepal Infrastructure Construction Company, Devendra KC admitted that the company was unable to achieve results due to the lack of policy. </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 him, the company can work only if the legal arrangements in the Public Procurement Act are amended. Currently, the company has only done general works related to consultation. No work related to construction has been done.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">KC said that there is some hope because a bill to amend Some Nepal Acts has been registered in the parliament to remove legal complications. </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 bill proposes entrusting the construction company with work under special circumstances when it is required to undertake construction works immediately and it not possible to indulge in the bidding process.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">T<span style="font-size:14.0pt">he bill registered in the Parliament also proposes allowing the company to carry out all types of construction works including construction of buildings, factories, airports, expressways, highways, roads, access roads, railways, dry ports, bridges, tunnels, waterways, and ropeways among others.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Arrangements are being made to allow the construction of hangars, ports, and coastal roads as well. Similarly, construction of canals, pipelines, reservoirs, water tanks, ponds, dams, civil engineering construction works, workshops, garages, hotels, warehouses, and cold storage facilities are also to be given to the company. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">In addition legal arrangements are being made so that this company can carry out the construction of markets, shops, towns, residences, new settlements and also get involved in integrated urban development, urban infrastructure development, housing development and land consolidation projects, along with urban regeneration, well drilling and mining, hydroelectric power plant construction, flood control, recreational facilities, swimming ponds, fishing ponds, public, industrial, agricultural and all other types of buildings and useful facilities.</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 government had previously established the National Construction Company Nepal (NCCN), which was canceled after six consecutive years of losses. The interesting part is that the current infrastructure construction company is running profitably by doing consulting work with nine employees without any construction work or even buying equipment.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18295', 'image' => '20230726124936_1690334987.asdasdasdadasdasdasdasd - Copy.jpg', 'article_date' => '2023-07-26 12:48:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18565', 'article_category_id' => '1', 'title' => 'Nepal Exported Cement worth Rs 780 Million in Last FY', 'sub_title' => '', 'summary' => 'July 26: Nepal exported cement worth Rs 780 million in the last fiscal year (FY 2022/23).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 26: Nepal exported cement worth Rs 780 million in the last fiscal year (FY 2022/23).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Department of Customs, three cement industries exported over 1 million tons of cement worth Rs 777.93 million in the review year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the department, the industries exported 607,073 metric tons of cement worth Rs 420.35 million and 396,950 metric tons of clinker worth Rs 358.95 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, three cement industries namely Palpa, Arghakhanchi and Balaji are exporting cement to India. Besides, other industries are preparing to export cement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Palpa Cement's 'Tansen' brand was exported to India from July 9 last year. Meanwhile, Arghakhanchi Cement and Balaji Cement started exporting PPC cement under the brands 'Bahubali' and 'Shrishti' from October 17 and June 12 last year respectively.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The industries started exporting cement after the government announced up to eight percent cash subsidy on cement exports along with a subsidy of 2-15 percent on electricity tariff for the industries that consume worth more than Rs 100 million annually. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Cement Producers Association of Nepal has said that many cement industries are waiting for quality certificate for cement export from the Government of India. Nepali cement industry will have to get a quality certificate from the Indian government for exporting cement to India. The cement industry operating in Nepal has an annual production capacity of around 22 million tons. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18294', 'image' => '20230726114157_20220607103309_Clipboard18.jpg', 'article_date' => '2023-07-26 11:39:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18564', 'article_category_id' => '1', 'title' => 'Standard Chartered Bank Nepal Funds Eyecare Projects worth Rs 10 Million', 'sub_title' => '', 'summary' => 'July 26: Standard Chartered Bank Nepal Limited (SCBNL) has joined hands with Nepal Eye Programme of Tilganga Institute of Ophthalmology and MITRA Samaj to identify and treat cases of avoidable blindness, cataract and posterior segment eye diseases across all provinces in the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 26: Standard Chartered Bank Nepal Limited (SCBNL) has joined hands with Nepal Eye Programme of Tilganga Institute of Ophthalmology and MITRA Samaj to identify and treat cases of avoidable blindness, cataract and posterior segment eye diseases across all provinces in the country.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The bank has donated USD 36,434 (Rs 4,790,866) to Nepal Eye Programme which will be used in the establishment of a Community Eye Centre (CEC) at Nichuta, Parsa, to deliver comprehensive eye care services to the people of Paterwa Sugauli Rural Municipality-5 and its adjoining rural and urban municipalities, reads a statement issued by the bank. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the bank, the project will focus on elderly people, women, children, people with impairment, and people with disabilities. A total of 7,200 persons will directly benefit from this project such as community eye centre (3,000), community screenings (2,000), school screenings (2,000) and cataract surgeries (200) through the outreach programme in a year, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The bank said it also donated USD 51,379 (NPR 6,725,000) to MITRA Samaj. According to the bank, the amount will be used for the Cataract Blindness Alleviation Project aimed at identifying cases of avoidable blinding, including cataract, among the hard-to-reach population (especially 50+years), in priority areas of all provinces of Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Altogether 3,000 people are expected to benefit through the screenings. The bank said that 700 to 1,000 cataract cases will be identified, 1,500 people with refractive error are expected to get treated and/or receive reading glasses, and at least 700 cataract cases will be restored with vision through this project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the cheque handover event, Harsha Pillai, head of Corporate Affairs, Brand and Marketing at Standard Chartered Bank Nepal Limited (SCBNL) said that the bank aims to provide eye care services in collaboration with Nepal Eye Programme (Tilganga Institute of Ophthalmology) and MITRA Samaj to those who would not have easy access or cannot afford this treatment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The focus is on early detection of eye ailments, referral, and appropriate treatment. Serving communities will always be at the heart of Standard Chartered,” added Pillai.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, Reeta Gurung, chief executive officer of the Tilganga Institute of Ophthalmology, assured that the funds will be well spent for the benefit of the needy people of Nichuta area.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Vivek Singh Thakuri, executive director of MITRA Samaj shared, "We are super excited to partner with Standard Chartered Bank to identify cases of avoidable blindness and improve people’s vision by organising free Outreach Micro Surgical Eye Clinics (OMSEC). We are looking forward to touching lives positively.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The statement mentions that eye health care is an essential component of basic health service to be provided to all citizens as stated in the constitution of Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Despite efforts from various stakeholders, vision impairment continues to be a major problem. With this in mind, Standard Chartered Bank has decided to make these significant donations to help provide accessible, affordable and quality eye care in the country.”</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18293', 'image' => '20230726105932_stan.jpg', 'article_date' => '2023-07-26 10:58:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18563', 'article_category_id' => '1', 'title' => 'HAN Dissatisfied with New Monetary Policy', 'sub_title' => '', 'summary' => 'July 26: The Hotel Association Nepal (HAN) has expressed dissatisfaction with the monetary policy issued by Nepal Rastra Bank (NRB) for the current fiscal year. ', '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"">July 26: The Hotel Association Nepal (HAN) has expressed dissatisfaction with the monetary policy issued by Nepal Rastra Bank (NRB) for the current fiscal year. Issuing a statement on Tuesday, HAN expressed dissatisfaction stating that the monetary policy could not address the problems of the hotel and tourism sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Announcing its views on the monetary policy on Tuesday, HAN said that it was enthusiastic about the new policy because it did not have any new initiatives to uplift the hotel and tourism industry which was hit hard by the recession in the aftermath of the Covid-19 pandemic and the Russia-Ukraine war. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">HAN complained that although the businessmen have demanded measures like re-financing and rescheduling of loans as well as the development of the tourism sector through the provision of low interest rates, the monetary policy has not addressed these issues.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">HAN said that the current fiscal year's budget and monetary policy have admitted that the number of tourists and economic activities have increased but the capacity of the hotels, which is constantly being added, is under-utilized with less than one-third occupancy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As a result, the hotel industry is in loss and unable to pay regular interest to the banks, it has been mentioned in the statement. </span></span></span></span></p> <p><span style="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 review of last year's monetary policy had provision of re-financing and rescheduling of the interest to be paid to the banks. However, the hotel and tourism industry operators are now confused because there are no such provisions in the new monetary policy.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to HAN, the entry of world-class hotel brands in the country is increasing, but the monetary policy is not encouraging enough. HAN argued that it will be difficult to increase the number of tourists this year due to taxes imposed on raw materials including vegetables consumed by customers and tourists and the introduction of luxury tax.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18292', 'image' => '20230726102038_1690335515.hanadasdasdasdasd.jpg', 'article_date' => '2023-07-26 10:19:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18562', 'article_category_id' => '1', 'title' => 'Nepal Imports Millets worth Rs 510 Million from India ', 'sub_title' => '', 'summary' => 'Nepal imported millets worth Rs 513 million in the last fiscal year from India. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 26: Youths of Nepal are leaving the country for foreign jobs in large numbers and the farmlands in the rural areas are left barren. As a result, the country imported millets worth Rs 513 million in the last fiscal year from India. </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 customs officials, millets worth Rs 513 million were imported from Kakadbhitta customs alone in the fiscal year 2022/23.</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"">Information Officer at the Plant Quarantine Office in Kakadbhitta, Chandra Kishor Thakur, said that a total of 16,035 metric tonnes of millets were imported from Kakadbhitta customs point in the review year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, pumpkins worth Rs 57.7 million were imported from India in the last fiscal year from Kakadbhitta customs point, according to Thakur. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, chilies worth Rs 200 million were imported from Kakadbhitta customs point in the fiscal year 2022/23, Thakur said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Thakur said that fruits and vegetables including onions, tomatoes, long guards, yams, watermelons, gingers and others worth billions were imported during this period from India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the local producers in the districts of eastern Nepal have complained of limited market for the domestic products due to unrestricted imports of vegetables and fruits from India and other countries. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18291', 'image' => '20230726095554_Hardy-Millet.jpg', 'article_date' => '2023-07-26 09:54:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18561', 'article_category_id' => '1', 'title' => 'Bir Hospital Launches VIP, VVIP Wards', 'sub_title' => '', 'summary' => 'The Bir Hospital has brought VIP and VVIP wards into operation. A fully equipped three-bed ward in the surgical building has a guest and visitor's hall, said the hospital director Dr Santosh Paudel. ', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 26: The Bir Hospital has brought VIP and VVIP wards into operation. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A fully equipped three-bed ward in the surgical building has a guest and visitor's hall, said the hospital director Dr Santosh Paudel. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Two beds have been already allocated for VIP and VVIP persons on the first floor of the old building of the hospital. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Minister for Health and Population Mohan Bahadur Basnet on Tuesday inaugurated the VIP and VVIP wards amid a function. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Beds have been added so patients get treatment for all sorts of diseases, said the minister. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The hospital has formed a 15-member team of specialist doctors from government and private hospitals for the same. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“The team of doctors provides treatment. No one needs to go to foreign countries for medical treatment," he said. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Minister Basnet also directed office bearers of the National Academy of Medical Sciences (NAMS) and Bir Hospital to make the hospital service more effective. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Members of the VIP and VVIP treatment specialist committee led by the NAMS chancellor Prof Dr Bhupendra Kumar Basnet are Dr Kiran Shrestha, Dr Dhurba Gaire, Dr Rabiram Shrestha, and Dr Shaili Pradhan.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The committee also includes Dr Bhagawan Koirala, Dr Pukar Chandra Shrestha, Dr Mahesh Adhikari, Dr Subhash Acharya, Dr Sanduk Ruit, Dr Shashi Sharma, Dr Ratna Gajurel, Dr Badri Rijal, Dr Man Bahadur Gajurel and Dr Ramesh Chokhani. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18290', 'image' => '20230726055406_collage (6).jpg', 'article_date' => '2023-07-26 05:52:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '18560', 'article_category_id' => '1', 'title' => 'Vegetables, Fruits Worth Rs 6.29 Billion Imported via Kakadvitta', 'sub_title' => '', 'summary' => 'In the fiscal year 2079/80 BS, Nepal imported vegetables and fruits worth a total of Rs 6.29 billion through the eastern check point, Kakadvitta.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">July 26: In the fiscal year 2079/80 BS, Nepal imported vegetables and fruits worth a total of Rs 6.29 billion through the eastern check point, Kakadvitta. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">The imports consisted of fresh vegetables worth Rs 3.35 billion and fruits worth Rs 2.94 billion,<span style="font-family:"Segoe UI",sans-serif"> according to information Officer at Plant Quarantine Office, Kakadvitta, Chandra Kishor Thakur. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt"><span style="font-family:"Segoe UI",sans-serif">Plant Quarantine Office, Kakadvitta</span></span><span style="font-size:20.0pt"> said that three main vegetables were imported from India in significant quantities. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">These included 25,312 metric tonnes of onions worth Rs 809.9 million, 38,010 metric tonnes of tomatoes worth Rs 608.1 million, and 19,988 metric tonnes of bitter gourd worth Rs 319.8 million.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">Furthermore, Nepal also imported 617 metric tonnes of apples worth Rs 685.8 million and 15,531 metric tonnes of pineapples worth Rs 621.2 million.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">Additionally, other fruits that were imported via the eastern check point included 7,718 metric tonnes of oranges worth Rs 370.4 million, 3,072 metric tonnes of grapes worth Rs 196.6 million, and 2,763 metric tonnes of pomegranates worth Rs 264.8 million. (RSS)</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18289', 'image' => '20230726054053_collage (4).jpg', 'article_date' => '2023-07-26 05:39:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '18559', 'article_category_id' => '1', 'title' => 'Kathmandu Reports Steady Rise in Crime', 'sub_title' => 'More than Half of the Crimes Reported were Related to Banking Fraud ', 'summary' => 'July 25: The graph of crime has been increasing steadily in Kathmandu year by year, data shows. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 25: The graph of crime has been increasing steadily in Kathmandu year by year, data shows. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Kathmandu District Police Range, the cases of banking fraud and other economic offences have significantly soared here in recent times. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the fiscal year 2020/21, a total of 5,662 cases of crimes were registered in Kathmandu and this number increased to 8,977 in the following year and further rose to 13,464 in the fiscal year 2022/23. Notably, more than half of these cases, specifically 7,101 cases, were related to banking fraud. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, 2,894 were related to abuse, 647 involved theft, 414 were associated with swindling, 368 were related drug abuse and smuggling, 357 were related to suicide incidents, and 326 were related to women and children. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, 189 cases were related to traffic accidents and injuries, 27 cases were about murder, and 1,141 cases were related to other forms of offences. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Senior Superintendent of Police, Dan Bahadur Karki, said the data presents the escalating trend of banking fraud and other economic offences in Kathmandu lately. This includes banking fraud, bounced checks, swindling through lottery scams, and deceptive promises of lucrative employment opportunities abroad. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18288', 'image' => '20230725045808_Kathmandu Valley.jpg', 'article_date' => '2023-07-25 16:53:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18558', 'article_category_id' => '1', 'title' => 'British Council Launches IELTS Ready: Premium', 'sub_title' => '', 'summary' => 'July 25: The British Council in Nepal has launched a new service, IELTS Ready: Premium, with the objective of providing innovative support for those preparing to take an IELTS test with the British Council. ', '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"">July 25: The British Council in Nepal has launched a new service, IELTS Ready: Premium, with the objective of providing innovative support for those preparing to take an IELTS test with the British Council. </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 British Council, the new platform will provide personalised IELTS resources to British Council test takers according to their progress. It includes 40 IELTS mock tests, and recorded classes and will be fully supported by native English-speaking IELTS experts.</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"">Test takers can perfect their IELTS preparation with practice tests in both timed and untimed formats, with all answers analysed to inform the most useful exercises for test-takers to practice, reads a press statement issued by the British Council. </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 IELTS Ready: Premium platform is powered by Guided e-Learning (GEL), a leading provider of digital learning in English Language Teaching based in London.</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"">Test takers will also be able to access writing practice with model answers to show what examiners are looking for to achieve the required scores. Likewise, they will also be able to get feedback from IELTS experts on every reading and listening question. Tailored support to target areas where test takers need to improve and familiarisation videos so test takers are prepared for their test are also accessible, added the statement. </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"">Test takers receive unlimited free access to IELTS Ready: Premium from the time they register for IELTS with the British Council up to their test.</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 a successful pilot period, the platform achieved high levels of user satisfaction and engagement amongst test takers. According to the British Council, 97 percent of users said it helped them achieve their desired score and 98 percent said they would recommend the service to others. </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"">Maxim Raimann, General Manager at the British Council Nepal, said that the institute wanted to give IELTS test takers every tool to achieve their ambitions of living, working or studying overseas.</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"">“We are therefore excited to launch IELTS Ready: Premium, to help them feel fully prepared and have the best chance to fulfil those dreams,” he added. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18287', 'image' => '20230725040215_IELTS.jpg', 'article_date' => '2023-07-25 16:01:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18557', 'article_category_id' => '1', 'title' => 'Nepal’s Foreign Trade Shrinks while Trade Deficit Stands at Rs 1454 Billion', 'sub_title' => '', 'summary' => 'July 25: Nepal’s foreign trade declined by 16.58 percent in the last fiscal year compared to the previous year.', '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"">July 25: Nepal’s foreign trade declined by 16.58 percent in the last fiscal year compared to the previous year. Last year, imports decreased by Rs 308.71 billion and exports decreased by Rs 42.89 billion, the Department of Customs announced on Monday.</span></span></span></span></p> <p><span style="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 total foreign trade, which exceeded Rs 2120.47 billion in the year 2021/22, decreased to Rs 1768.87 billion in FY 2022/23. Last year, imports decreased by 16.08 and exports by 21.44 percent.</span></span></span></span></p> <p><span style="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 size of the foreign trade shrunk due to the government's policy of discouraging imports, which contributes more than 90 percent to the total foreign trade. The government had imposed a ban on the import of some luxury items for almost half of the last fiscal year due to the decrease in foreign exchange reserves.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although the government had announced incentives for exports, there was a decline in items sent overseas from 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:"Arial","sans-serif"">Exports from Nepal decreased mainly after India reduced the customs duty imposed on the import of raw materials required for making edible oil. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepali businessmen used to bring unrefined oil from abroad, process it and export it to India when India had imposed a 40 percent duty on the import of edible oil raw materials from countries other than the South Asian Free Trade Area (SAFTA).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">While exporting edible oil from Nepal to India, only 5 percent duty was paid under the SAFTA facility. Later, after India reduced the duty on crude oil export to 2.5 percent, the export from Nepal was negatively affected.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Trade deficit with 132 countries</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the year 2021/22, the country traded with 170 countries of the world and had a trade deficit with 132 countries. There was profit in trade with 38 countries only. Experts say that the trade deficit is increasing due to the lack of domestic products for export.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal’s trade deficit with India was the highest of all while it made profit in foreign trade with Denmark the most.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Former Governor of Nepal Rastra Bank Chiranjeevi Nepal says that the trade deficit will not reduce unless Nepal encourages domestic production. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"We don't have internal production at all. We have only been importing," says former governor Nepal. "To reduce the trade deficit, the government should designate special areas and promote domestic production."</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He says that there is a practice of importing unnecessary goods 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:"Arial","sans-serif"">“Nepali nationals have been making good income through remittance. Therefore, there is a tendency to import unnecessary goods,'' he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to him, the government should promote exports by encouraging the production of goods that have potential in the international market. If that is done, the trade deficit with the partner countries can be gradually reduced.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18286', 'image' => '20230725032424_trade_imbalance.jpg', 'article_date' => '2023-07-25 15:23:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18556', 'article_category_id' => '1', 'title' => 'Dusit Thani Himalayan Resort Starts Operation ', 'sub_title' => '', 'summary' => 'July 25: Dusit Thani Himalayan Resort Dhulikhel, Nepal, the first luxury resort in Namo Buddha, Dhulikel, has started operation.', '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"">July 25: Dusit Thani Himalayan Resort Dhulikhel, Nepal, the first luxury resort in Namo Buddha, Dhulikel, has started operation.</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"">Managed by Dusit International, one of Thailand’s leading hotel and property development companies, the resort combines Dusit’s unique brand of Thai-inspired gracious hospitality with local culture and traditions. </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"">“Dusit Thani literally means ‘Town in Heaven’. Our resort is just over an hour's drive from Tribhuvan International Airport and</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">25km from Bhaktapur Durbar Square, a UNESCO World Heritage Site,” shares Alina Shakya, marketing staff of the resort.</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 resort greets guests with a personal butler – a first-of-its-kind experience in Nepal – ensuring impeccable service and a truly unique experience throughout their stay. The resort also aims to redefine hospitality by offering an unrivalled wellness experience that resonates with guests and the local community.</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"">As part of its initial opening, Dusit Thani Himalayan Resort Dhulikhel, Nepal, offers 28</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">exquisitely designed rooms including four junior suites and 18 luxurious residences managed by Dusit at affordable rates. </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 opening of Dusit Thani Himalayan Resort Dhulikhel, Nepal marks the beginning of</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">an exciting chapter in Dhulikhel’s hospitality landscape, says Kris Panya, general manager of Dusit Thani Himalayan Resort Dhulikhel, 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"">"We are thrilled to unveil this magnificent haven that reflects our core values of care and commitment. We aspire to treat every guest as a cherished member of our own family and ensure an unparalleled level of personalized service and attention while also promoting</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">the local community around," he added.</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"">Guests can enjoy sweeping views of the valley and the awe-inspiring 180-degree Himalayan vista from their private balconies, guaranteeing a serene retreat that provides a taste of the luxurious offerings to come, Shakya added.</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 second phase of the resort, slated to open at the end of the year, will feature an additional 44 rooms, bringing the total number of rooms to 72.</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"">At Dusit Thani Himalayan Resort Dhulikhel, Nepal, wellness takes centre stage. Dusit’s signature Devarana Wellness offers an array of tailored wellness activities and experiences that cater to individual preferences and needs, the resort said in a statement. </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"">“Whether indulging in a rejuvenating spa treatment that blends ancient Thai and traditional Himalayan healing therapies, practising yoga amidst nature's embrace, or exploring the surrounding trails</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">for a soul-soothing hike, guests will discover a sanctuary that fosters holistic well-being.”</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"">Guests can enjoy the stunning views of the Himalayas and valleys from the infinity</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"">swimming pool and outdoor jacuzzi, and also take advantage of the steam, sauna, and fitness centre facilities for a complete wellness experience, says Shakya.</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"">In line with Dusit’s commitment to creating extraordinary moments for guests, dining at the resort is another exceptional experience. Led by Executive Chef Bhavi Khanal, winner of The Best International Executive Chef category at the Galaxy Excellence Awards, the resort’s enticing dining options include Thaan, a versatile multi-cuisine destination, and Bela, a lively poolside bar with a welcoming ambience. Locally sourced ingredients and expertly crafted menus and cocktails combine to deliver a culinary adventure that delights all the senses, the resort operators said.</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 resort also provides ample space for memorable meetings and events, catering to intimate gatherings and large-scale celebrations. Designed with versatility in mind, the grand ballroom expands to 226 sq m and has the remarkable capacity to comfortably host up to 350 guests, creating an ideal setting for grand weddings and other noteworthy occasions.</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"">Dusit Thani Himalayan Resort Dhulikhel, Nepal, also offers the unique advantage of combining the grand ballroom with a meticulously manicured lawn spanning an expansive 540 sq m. This seamless fusion of indoor and outdoor spaces enables the resort to cater to events with extensive guest lists. Operators of Dusit Thani claimed that it is the only resort in the vicinity to provide such comprehensive services.</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"">"From the inception of this project, I have envisioned a sanctuary nestled amidst the awe-inspiring beauty of the Himalayas, where guests could immerse themselves in a world of bespoke luxury and authentic local experiences. So, when your passion and dreams come true, it’s a completely different feeling. And today, I am overwhelmed with joy and pride as we open our doors to the world," Marvendra Mor, principal partner of Omstone Asia Capital Nepal Pvt Ltd, the company which owns Dusit Thani Himalayan Resort Dhulikhel, Nepal said. </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"">Babita Hamal, Managing Director of Omstone Asia Capital Nepal Pvt. Ltd said that her team is delighted to invite the world to experience the unparalleled grandeur of the luxury resort. "We look forward to promoting Dhulikhel as a premier tourist destination in Nepal,” she added. </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"">To celebrate its opening, Dusit Thani Himalayan Resort Dhulikhel, Nepal, is offering a special New Himalayan Hideaway room package, including daily breakfast at Thaan, complimentary afternoon tea at Bela Bar, a complimentary 30-minute neck and shoulder massage at Devarana Wellness for two, a 15% discount on F&B and spa treatments, a complimentary guided visit to Namo Buddha, and more exclusive benefits.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18285', 'image' => '20230725044755_470727500.jpg', 'article_date' => '2023-07-25 14:52:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18555', 'article_category_id' => '1', 'title' => 'Monetary Policy Issued by Central Bank cannot Resolve Economic Crisis: Private Sector', 'sub_title' => '', 'summary' => 'July 25: The three largest umbrella associations of the private sector, the Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the Confederation of Nepalese Industries (CNI) and the Nepal Chamber of Commerce (NCC) have said that the monetary policy introduced by the Nepal Rastra Bank (NRB) for the current fiscal year (FY 2023/24) will not address the current economic crisis.', '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"">July 25: The three largest umbrella associations of the private sector, the Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the Confederation of Nepalese Industries (CNI) and the Nepal Chamber of Commerce (NCC) have said that the monetary policy introduced by the Nepal Rastra Bank (NRB) for the current fiscal year (FY 2023/24) will not address the current economic crisis.</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"">Reacting to the monetary policy issued by the central bank on Sunday, the private sector stakeholders said in a joint statement on Monday that the monetary policy does not meet the expectations of addressing the challenges of the economy, including high-interest rates, low demand, cash flow problems, low production and job cuts, declining morale of the private sector and postponement of new investment plans.</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 policy taken by the central bank through monetary policy does not seem to help in lifting the economy out of recession," said the joint statement. The statement added that even if the central bank's monetary policy has been carefully and flexibly drafted to keep the economy running, the provisions in the policy prove otherwise.</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"">Last year's monetary policy fixed the credit flow to the private sector at 12.6 per cent, but for the current year, the target has been reduced to 11.5 per cent. According to the private sector, it will be difficult to achieve the economic growth rate of 6 per cent taken by the government through the budget when the credit going to the private sector is reduced. </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 private sector was expecting the central bank to take initiatives to control the increase in high-interest rates through monetary policy.</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"">“NRB has reduced the policy rate by 0.5 per cent while keeping the bank rate unchanged. It does not seem to help in reducing the interest rate. It is necessary to use all the tools to reduce the base rate of the banks," the statement said.</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 organisations argue that the economy will not be sustainable unless the monetary policy addresses the suggestions of the private sector.</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"">One of the major demands of the private sector is the borrowers should be provide facilities for refinancing.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18284', 'image' => '20230725010849_economic crisis.jpg', 'article_date' => '2023-07-25 13:08:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18569', 'article_category_id' => '1', 'title' => 'Insufficient Rainfall Delays Paddy Transplant in Tanahun District', 'sub_title' => '', 'summary' => 'Due to a scarcity of rainfall during this year's rainy season, the paddy seedlings plantation in Tanahun district has faced significant delays.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">July 26: Due to a scarcity of rainfall during this year's rainy season, the paddy seedlings plantation in Tanahun district has faced significant delays. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Typically, paddy transplantation is completed by the end of the Asar month in the district; however, the lack of sufficient rainfall has hindered paddy cultivation this year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Farmers in various places of Tanahun have expressed their concerns over the situation. Dev Bahadur Kamali from Bhanu Municipality-2 reported that many farms have been left unplanted due to the absence of rain. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">This has resulted in worries among farmers regarding limited grain output. Shivalal Pradhan, a farmer from Kalesti in Byas Municipality-7, highlighted that the lack of water supply for plantation has compounded their difficulties.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Pradip Ghimire of Byas Municipality-7 pointed out that land plots could remain barren this year if adequate rainfall does not occur. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">According to Kul Prasad Tiwari, the Senior Agricultural Development Officer and Chief of Agriculture Knowledge Centre in Tanahun, an estimated 15 percent of the farmland in the district may remain unutilized due to the delayed planting caused by the lack of rainfall. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Tiwari said that paddy transplantation has been completed on approximately 75 percent of the land in Tanahun, and this figure could potentially reach 85 percent by the end of the season, assuming more rainfall arrives.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18298', 'image' => '20230726043746_collage (3).jpg', 'article_date' => '2023-07-26 16:36:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '18568', 'article_category_id' => '218', 'title' => 'Sanima Bank Signs Partnership Deal with Swisscontact Nepal for Agro Financing', 'sub_title' => '', 'summary' => 'July 26: Sanima Bank has signed a partnership agreement with Swisscontact Nepal for the Phase II of Agriculture Market Development Program Phase with the goal of strengthening the capacity of the bank to finance agro-based SMEs in Koshi Province.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">July 26: Sanima Bank has signed a partnership agreement with Swisscontact Nepal for the Phase II of Agriculture Market Development Program Phase with the goal of strengthening the capacity of the bank to finance agro-based SMEs in Koshi Province.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The partnership aims to cater to the financial needs of agro-processing enterprises in Koshi Province, reads a press statement issued by the bank. The agreement will help carry out orientation and spread awareness in an innovative and effective way, added the statement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to Sanima Bank, this partnership will optimize the digitization of the agro-loan processing, carry out promotional activities of agro-loan products, organize various client orientation and business literacy programs and build the capacity of the bank’s staff to cater to the agro-enterprises’ needs in an efficient way.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Deputy Chief Executive Officer of Sanima Bank, Tej Bahadur Chand, mentioned that the partnership would enable Sanima Bank to further strengthen its initiatives in better serving agriculture enterprises through innovative financial products and services. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Sanima Bank is currently providing services from 132 offices and 122 ATM networks across all 7 provinces.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18297', 'image' => '20230726020604_Photo_Partnership with Swisscontact.JPG', 'article_date' => '2023-07-26 14:04:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18567', 'article_category_id' => '1', 'title' => 'NCC Demands Direct Flights between Nepal and Pakistan', 'sub_title' => '', 'summary' => 'July 26: Nepal Chamber of Commerce (NCC) has requested the newly appointed Pakistani Ambassador to Nepal, Abrar Hussain Hashmi, for the operation of direct air service between Nepal and Pakistan.', '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"">July 26: Nepal Chamber of Commerce (NCC) has requested the newly appointed Pakistani Ambassador to Nepal, Abrar Hussain Hashmi, for the operation of direct air service between Nepal and Pakistan. The NCC is of the view that direct air connectivity is necessary to facilitate trade between the two countries and promote tourism activities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In a meeting with the newly appointed Ambassador Hasmi, NCC President Rajendra Malla emphasized that the Kathmandu-Karachi flights should be resumed immediately for the expansion of trade between the two countries, exchange of tourism and growth of economic and commercial activities. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Malla urged Ambassador Hashmi to take the initiative for the operation of air services between the two countries at the government level. The also requested for cooperation with the private sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> "The air distance between Nepal and Pakistan is three hours. If it can be utilized, trade and tourism can be expanded between the two countries," he said. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to NCC President Malla, there is great potential for both the countries to benefit by increasing joint investment in air services and small and medium industries through cooperation between the private sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pakistani Ambassador to Nepal Hasmi said that there should be an initiative from the government for the operation of air services.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal is currently importing medicines, processed leather products, machinery items, shoes, slippers among others from Paksitan while Nepal exports honey, coffee, tea, handicraft products, cardamom, eye lenses, woolen yarn and other items to Pakistan. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Malla, direct flights will also facilitate tourism activities. Ambassador Hasmi expressed his commitment to take further initiatives for the expansion of business activities by holding discussions between the officials of the chambers of commerce of the two countries.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18296', 'image' => '20230726015538_ncccc.jpg', 'article_date' => '2023-07-26 13:54:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18566', 'article_category_id' => '1', 'title' => ' Nepal Infrastructure Construction Company Devoid of Work', 'sub_title' => '', 'summary' => 'July 26: The Nepal Infrastructure Construction Company, with an authorized capital of Rs 10 billion and issued capital of Rs 5 billion, established four years ago under the full ownership of the government, has no work to do at all.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">July 26: The Nepal Infrastructure Construction Company, with an authorized capital of Rs 10 billion and issued capital of Rs 5 billion, established four years ago under the full ownership of the government, has no work to do at all. This company, which was established on July 10, 2019 by the then KP Sharma Oli-led government to work in the field of construction, has gone out of business due to the lack of a clear policy. So far, it has not been able to do any other work in the field of construction apart from general consultation. </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 company has been given the right to engage in almost all areas of infrastructure development. The then government had established the company with the aim of undertaking construction works related to roads, airports, expressways, highways, railways, dry ports, harbors, canals, pipelines, substations. It seems that this company is not among the priorities of the successive governments formed after the fall of the Oli government. This company is lagging behind in achieving its objectives due to the lack of a clear policy of the government. The government officials admit that the company has not been able to produce results.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Rajesh Kumar Thapa, joint secretary at the Ministry of Physical Infrastructure and Transport, who is also the secretary of the company, says that the existing law does not allow the company to move forward as per the objective. </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 him, this state-owned company was established with the aim of engaging in procurement and construction work of public concern at any time. However, as the current Public Procurement Act stipulates that no company can get any work without competition, it has become difficult for this company to bag contracts.</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 Ministry of Physical Infrastructure has already taken the initiative for amending the Public Procurement Act. After removing the policy hurdles, the company will be able to work in the field of construction as per its objective,” he said in a conversation with New Business Age. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Chief Executive Officer (CEO) of Nepal Infrastructure Construction Company, Devendra KC admitted that the company was unable to achieve results due to the lack of policy. </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 him, the company can work only if the legal arrangements in the Public Procurement Act are amended. Currently, the company has only done general works related to consultation. No work related to construction has been done.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">KC said that there is some hope because a bill to amend Some Nepal Acts has been registered in the parliament to remove legal complications. </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 bill proposes entrusting the construction company with work under special circumstances when it is required to undertake construction works immediately and it not possible to indulge in the bidding process.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">T<span style="font-size:14.0pt">he bill registered in the Parliament also proposes allowing the company to carry out all types of construction works including construction of buildings, factories, airports, expressways, highways, roads, access roads, railways, dry ports, bridges, tunnels, waterways, and ropeways among others.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Arrangements are being made to allow the construction of hangars, ports, and coastal roads as well. Similarly, construction of canals, pipelines, reservoirs, water tanks, ponds, dams, civil engineering construction works, workshops, garages, hotels, warehouses, and cold storage facilities are also to be given to the company. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">In addition legal arrangements are being made so that this company can carry out the construction of markets, shops, towns, residences, new settlements and also get involved in integrated urban development, urban infrastructure development, housing development and land consolidation projects, along with urban regeneration, well drilling and mining, hydroelectric power plant construction, flood control, recreational facilities, swimming ponds, fishing ponds, public, industrial, agricultural and all other types of buildings and useful facilities.</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 government had previously established the National Construction Company Nepal (NCCN), which was canceled after six consecutive years of losses. The interesting part is that the current infrastructure construction company is running profitably by doing consulting work with nine employees without any construction work or even buying equipment.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18295', 'image' => '20230726124936_1690334987.asdasdasdadasdasdasdasd - Copy.jpg', 'article_date' => '2023-07-26 12:48:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18565', 'article_category_id' => '1', 'title' => 'Nepal Exported Cement worth Rs 780 Million in Last FY', 'sub_title' => '', 'summary' => 'July 26: Nepal exported cement worth Rs 780 million in the last fiscal year (FY 2022/23).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 26: Nepal exported cement worth Rs 780 million in the last fiscal year (FY 2022/23).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Department of Customs, three cement industries exported over 1 million tons of cement worth Rs 777.93 million in the review year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the department, the industries exported 607,073 metric tons of cement worth Rs 420.35 million and 396,950 metric tons of clinker worth Rs 358.95 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, three cement industries namely Palpa, Arghakhanchi and Balaji are exporting cement to India. Besides, other industries are preparing to export cement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Palpa Cement's 'Tansen' brand was exported to India from July 9 last year. Meanwhile, Arghakhanchi Cement and Balaji Cement started exporting PPC cement under the brands 'Bahubali' and 'Shrishti' from October 17 and June 12 last year respectively.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The industries started exporting cement after the government announced up to eight percent cash subsidy on cement exports along with a subsidy of 2-15 percent on electricity tariff for the industries that consume worth more than Rs 100 million annually. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Cement Producers Association of Nepal has said that many cement industries are waiting for quality certificate for cement export from the Government of India. Nepali cement industry will have to get a quality certificate from the Indian government for exporting cement to India. The cement industry operating in Nepal has an annual production capacity of around 22 million tons. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18294', 'image' => '20230726114157_20220607103309_Clipboard18.jpg', 'article_date' => '2023-07-26 11:39:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18564', 'article_category_id' => '1', 'title' => 'Standard Chartered Bank Nepal Funds Eyecare Projects worth Rs 10 Million', 'sub_title' => '', 'summary' => 'July 26: Standard Chartered Bank Nepal Limited (SCBNL) has joined hands with Nepal Eye Programme of Tilganga Institute of Ophthalmology and MITRA Samaj to identify and treat cases of avoidable blindness, cataract and posterior segment eye diseases across all provinces in the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 26: Standard Chartered Bank Nepal Limited (SCBNL) has joined hands with Nepal Eye Programme of Tilganga Institute of Ophthalmology and MITRA Samaj to identify and treat cases of avoidable blindness, cataract and posterior segment eye diseases across all provinces in the country.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The bank has donated USD 36,434 (Rs 4,790,866) to Nepal Eye Programme which will be used in the establishment of a Community Eye Centre (CEC) at Nichuta, Parsa, to deliver comprehensive eye care services to the people of Paterwa Sugauli Rural Municipality-5 and its adjoining rural and urban municipalities, reads a statement issued by the bank. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the bank, the project will focus on elderly people, women, children, people with impairment, and people with disabilities. A total of 7,200 persons will directly benefit from this project such as community eye centre (3,000), community screenings (2,000), school screenings (2,000) and cataract surgeries (200) through the outreach programme in a year, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The bank said it also donated USD 51,379 (NPR 6,725,000) to MITRA Samaj. According to the bank, the amount will be used for the Cataract Blindness Alleviation Project aimed at identifying cases of avoidable blinding, including cataract, among the hard-to-reach population (especially 50+years), in priority areas of all provinces of Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Altogether 3,000 people are expected to benefit through the screenings. The bank said that 700 to 1,000 cataract cases will be identified, 1,500 people with refractive error are expected to get treated and/or receive reading glasses, and at least 700 cataract cases will be restored with vision through this project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the cheque handover event, Harsha Pillai, head of Corporate Affairs, Brand and Marketing at Standard Chartered Bank Nepal Limited (SCBNL) said that the bank aims to provide eye care services in collaboration with Nepal Eye Programme (Tilganga Institute of Ophthalmology) and MITRA Samaj to those who would not have easy access or cannot afford this treatment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The focus is on early detection of eye ailments, referral, and appropriate treatment. Serving communities will always be at the heart of Standard Chartered,” added Pillai.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, Reeta Gurung, chief executive officer of the Tilganga Institute of Ophthalmology, assured that the funds will be well spent for the benefit of the needy people of Nichuta area.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Vivek Singh Thakuri, executive director of MITRA Samaj shared, "We are super excited to partner with Standard Chartered Bank to identify cases of avoidable blindness and improve people’s vision by organising free Outreach Micro Surgical Eye Clinics (OMSEC). We are looking forward to touching lives positively.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The statement mentions that eye health care is an essential component of basic health service to be provided to all citizens as stated in the constitution of Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Despite efforts from various stakeholders, vision impairment continues to be a major problem. With this in mind, Standard Chartered Bank has decided to make these significant donations to help provide accessible, affordable and quality eye care in the country.”</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18293', 'image' => '20230726105932_stan.jpg', 'article_date' => '2023-07-26 10:58:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18563', 'article_category_id' => '1', 'title' => 'HAN Dissatisfied with New Monetary Policy', 'sub_title' => '', 'summary' => 'July 26: The Hotel Association Nepal (HAN) has expressed dissatisfaction with the monetary policy issued by Nepal Rastra Bank (NRB) for the current fiscal year. ', '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"">July 26: The Hotel Association Nepal (HAN) has expressed dissatisfaction with the monetary policy issued by Nepal Rastra Bank (NRB) for the current fiscal year. Issuing a statement on Tuesday, HAN expressed dissatisfaction stating that the monetary policy could not address the problems of the hotel and tourism sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Announcing its views on the monetary policy on Tuesday, HAN said that it was enthusiastic about the new policy because it did not have any new initiatives to uplift the hotel and tourism industry which was hit hard by the recession in the aftermath of the Covid-19 pandemic and the Russia-Ukraine war. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">HAN complained that although the businessmen have demanded measures like re-financing and rescheduling of loans as well as the development of the tourism sector through the provision of low interest rates, the monetary policy has not addressed these issues.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">HAN said that the current fiscal year's budget and monetary policy have admitted that the number of tourists and economic activities have increased but the capacity of the hotels, which is constantly being added, is under-utilized with less than one-third occupancy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As a result, the hotel industry is in loss and unable to pay regular interest to the banks, it has been mentioned in the statement. </span></span></span></span></p> <p><span style="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 review of last year's monetary policy had provision of re-financing and rescheduling of the interest to be paid to the banks. However, the hotel and tourism industry operators are now confused because there are no such provisions in the new monetary policy.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to HAN, the entry of world-class hotel brands in the country is increasing, but the monetary policy is not encouraging enough. HAN argued that it will be difficult to increase the number of tourists this year due to taxes imposed on raw materials including vegetables consumed by customers and tourists and the introduction of luxury tax.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18292', 'image' => '20230726102038_1690335515.hanadasdasdasdasd.jpg', 'article_date' => '2023-07-26 10:19:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18562', 'article_category_id' => '1', 'title' => 'Nepal Imports Millets worth Rs 510 Million from India ', 'sub_title' => '', 'summary' => 'Nepal imported millets worth Rs 513 million in the last fiscal year from India. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 26: Youths of Nepal are leaving the country for foreign jobs in large numbers and the farmlands in the rural areas are left barren. As a result, the country imported millets worth Rs 513 million in the last fiscal year from India. </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 customs officials, millets worth Rs 513 million were imported from Kakadbhitta customs alone in the fiscal year 2022/23.</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"">Information Officer at the Plant Quarantine Office in Kakadbhitta, Chandra Kishor Thakur, said that a total of 16,035 metric tonnes of millets were imported from Kakadbhitta customs point in the review year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, pumpkins worth Rs 57.7 million were imported from India in the last fiscal year from Kakadbhitta customs point, according to Thakur. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, chilies worth Rs 200 million were imported from Kakadbhitta customs point in the fiscal year 2022/23, Thakur said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Thakur said that fruits and vegetables including onions, tomatoes, long guards, yams, watermelons, gingers and others worth billions were imported during this period from India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the local producers in the districts of eastern Nepal have complained of limited market for the domestic products due to unrestricted imports of vegetables and fruits from India and other countries. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18291', 'image' => '20230726095554_Hardy-Millet.jpg', 'article_date' => '2023-07-26 09:54:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18561', 'article_category_id' => '1', 'title' => 'Bir Hospital Launches VIP, VVIP Wards', 'sub_title' => '', 'summary' => 'The Bir Hospital has brought VIP and VVIP wards into operation. A fully equipped three-bed ward in the surgical building has a guest and visitor's hall, said the hospital director Dr Santosh Paudel. ', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 26: The Bir Hospital has brought VIP and VVIP wards into operation. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A fully equipped three-bed ward in the surgical building has a guest and visitor's hall, said the hospital director Dr Santosh Paudel. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Two beds have been already allocated for VIP and VVIP persons on the first floor of the old building of the hospital. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Minister for Health and Population Mohan Bahadur Basnet on Tuesday inaugurated the VIP and VVIP wards amid a function. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Beds have been added so patients get treatment for all sorts of diseases, said the minister. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The hospital has formed a 15-member team of specialist doctors from government and private hospitals for the same. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“The team of doctors provides treatment. No one needs to go to foreign countries for medical treatment," he said. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Minister Basnet also directed office bearers of the National Academy of Medical Sciences (NAMS) and Bir Hospital to make the hospital service more effective. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Members of the VIP and VVIP treatment specialist committee led by the NAMS chancellor Prof Dr Bhupendra Kumar Basnet are Dr Kiran Shrestha, Dr Dhurba Gaire, Dr Rabiram Shrestha, and Dr Shaili Pradhan.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The committee also includes Dr Bhagawan Koirala, Dr Pukar Chandra Shrestha, Dr Mahesh Adhikari, Dr Subhash Acharya, Dr Sanduk Ruit, Dr Shashi Sharma, Dr Ratna Gajurel, Dr Badri Rijal, Dr Man Bahadur Gajurel and Dr Ramesh Chokhani. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18290', 'image' => '20230726055406_collage (6).jpg', 'article_date' => '2023-07-26 05:52:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '18560', 'article_category_id' => '1', 'title' => 'Vegetables, Fruits Worth Rs 6.29 Billion Imported via Kakadvitta', 'sub_title' => '', 'summary' => 'In the fiscal year 2079/80 BS, Nepal imported vegetables and fruits worth a total of Rs 6.29 billion through the eastern check point, Kakadvitta.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">July 26: In the fiscal year 2079/80 BS, Nepal imported vegetables and fruits worth a total of Rs 6.29 billion through the eastern check point, Kakadvitta. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">The imports consisted of fresh vegetables worth Rs 3.35 billion and fruits worth Rs 2.94 billion,<span style="font-family:"Segoe UI",sans-serif"> according to information Officer at Plant Quarantine Office, Kakadvitta, Chandra Kishor Thakur. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt"><span style="font-family:"Segoe UI",sans-serif">Plant Quarantine Office, Kakadvitta</span></span><span style="font-size:20.0pt"> said that three main vegetables were imported from India in significant quantities. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">These included 25,312 metric tonnes of onions worth Rs 809.9 million, 38,010 metric tonnes of tomatoes worth Rs 608.1 million, and 19,988 metric tonnes of bitter gourd worth Rs 319.8 million.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">Furthermore, Nepal also imported 617 metric tonnes of apples worth Rs 685.8 million and 15,531 metric tonnes of pineapples worth Rs 621.2 million.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">Additionally, other fruits that were imported via the eastern check point included 7,718 metric tonnes of oranges worth Rs 370.4 million, 3,072 metric tonnes of grapes worth Rs 196.6 million, and 2,763 metric tonnes of pomegranates worth Rs 264.8 million. (RSS)</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18289', 'image' => '20230726054053_collage (4).jpg', 'article_date' => '2023-07-26 05:39:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '18559', 'article_category_id' => '1', 'title' => 'Kathmandu Reports Steady Rise in Crime', 'sub_title' => 'More than Half of the Crimes Reported were Related to Banking Fraud ', 'summary' => 'July 25: The graph of crime has been increasing steadily in Kathmandu year by year, data shows. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 25: The graph of crime has been increasing steadily in Kathmandu year by year, data shows. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Kathmandu District Police Range, the cases of banking fraud and other economic offences have significantly soared here in recent times. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the fiscal year 2020/21, a total of 5,662 cases of crimes were registered in Kathmandu and this number increased to 8,977 in the following year and further rose to 13,464 in the fiscal year 2022/23. Notably, more than half of these cases, specifically 7,101 cases, were related to banking fraud. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, 2,894 were related to abuse, 647 involved theft, 414 were associated with swindling, 368 were related drug abuse and smuggling, 357 were related to suicide incidents, and 326 were related to women and children. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, 189 cases were related to traffic accidents and injuries, 27 cases were about murder, and 1,141 cases were related to other forms of offences. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Senior Superintendent of Police, Dan Bahadur Karki, said the data presents the escalating trend of banking fraud and other economic offences in Kathmandu lately. This includes banking fraud, bounced checks, swindling through lottery scams, and deceptive promises of lucrative employment opportunities abroad. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18288', 'image' => '20230725045808_Kathmandu Valley.jpg', 'article_date' => '2023-07-25 16:53:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18558', 'article_category_id' => '1', 'title' => 'British Council Launches IELTS Ready: Premium', 'sub_title' => '', 'summary' => 'July 25: The British Council in Nepal has launched a new service, IELTS Ready: Premium, with the objective of providing innovative support for those preparing to take an IELTS test with the British Council. ', '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"">July 25: The British Council in Nepal has launched a new service, IELTS Ready: Premium, with the objective of providing innovative support for those preparing to take an IELTS test with the British Council. </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 British Council, the new platform will provide personalised IELTS resources to British Council test takers according to their progress. It includes 40 IELTS mock tests, and recorded classes and will be fully supported by native English-speaking IELTS experts.</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"">Test takers can perfect their IELTS preparation with practice tests in both timed and untimed formats, with all answers analysed to inform the most useful exercises for test-takers to practice, reads a press statement issued by the British Council. </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 IELTS Ready: Premium platform is powered by Guided e-Learning (GEL), a leading provider of digital learning in English Language Teaching based in London.</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"">Test takers will also be able to access writing practice with model answers to show what examiners are looking for to achieve the required scores. Likewise, they will also be able to get feedback from IELTS experts on every reading and listening question. Tailored support to target areas where test takers need to improve and familiarisation videos so test takers are prepared for their test are also accessible, added the statement. </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"">Test takers receive unlimited free access to IELTS Ready: Premium from the time they register for IELTS with the British Council up to their test.</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 a successful pilot period, the platform achieved high levels of user satisfaction and engagement amongst test takers. According to the British Council, 97 percent of users said it helped them achieve their desired score and 98 percent said they would recommend the service to others. </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"">Maxim Raimann, General Manager at the British Council Nepal, said that the institute wanted to give IELTS test takers every tool to achieve their ambitions of living, working or studying overseas.</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"">“We are therefore excited to launch IELTS Ready: Premium, to help them feel fully prepared and have the best chance to fulfil those dreams,” he added. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18287', 'image' => '20230725040215_IELTS.jpg', 'article_date' => '2023-07-25 16:01:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18557', 'article_category_id' => '1', 'title' => 'Nepal’s Foreign Trade Shrinks while Trade Deficit Stands at Rs 1454 Billion', 'sub_title' => '', 'summary' => 'July 25: Nepal’s foreign trade declined by 16.58 percent in the last fiscal year compared to the previous year.', '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"">July 25: Nepal’s foreign trade declined by 16.58 percent in the last fiscal year compared to the previous year. Last year, imports decreased by Rs 308.71 billion and exports decreased by Rs 42.89 billion, the Department of Customs announced on Monday.</span></span></span></span></p> <p><span style="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 total foreign trade, which exceeded Rs 2120.47 billion in the year 2021/22, decreased to Rs 1768.87 billion in FY 2022/23. Last year, imports decreased by 16.08 and exports by 21.44 percent.</span></span></span></span></p> <p><span style="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 size of the foreign trade shrunk due to the government's policy of discouraging imports, which contributes more than 90 percent to the total foreign trade. The government had imposed a ban on the import of some luxury items for almost half of the last fiscal year due to the decrease in foreign exchange reserves.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although the government had announced incentives for exports, there was a decline in items sent overseas from 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:"Arial","sans-serif"">Exports from Nepal decreased mainly after India reduced the customs duty imposed on the import of raw materials required for making edible oil. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepali businessmen used to bring unrefined oil from abroad, process it and export it to India when India had imposed a 40 percent duty on the import of edible oil raw materials from countries other than the South Asian Free Trade Area (SAFTA).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">While exporting edible oil from Nepal to India, only 5 percent duty was paid under the SAFTA facility. Later, after India reduced the duty on crude oil export to 2.5 percent, the export from Nepal was negatively affected.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Trade deficit with 132 countries</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the year 2021/22, the country traded with 170 countries of the world and had a trade deficit with 132 countries. There was profit in trade with 38 countries only. Experts say that the trade deficit is increasing due to the lack of domestic products for export.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal’s trade deficit with India was the highest of all while it made profit in foreign trade with Denmark the most.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Former Governor of Nepal Rastra Bank Chiranjeevi Nepal says that the trade deficit will not reduce unless Nepal encourages domestic production. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"We don't have internal production at all. We have only been importing," says former governor Nepal. "To reduce the trade deficit, the government should designate special areas and promote domestic production."</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He says that there is a practice of importing unnecessary goods 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:"Arial","sans-serif"">“Nepali nationals have been making good income through remittance. Therefore, there is a tendency to import unnecessary goods,'' he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to him, the government should promote exports by encouraging the production of goods that have potential in the international market. If that is done, the trade deficit with the partner countries can be gradually reduced.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18286', 'image' => '20230725032424_trade_imbalance.jpg', 'article_date' => '2023-07-25 15:23:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18556', 'article_category_id' => '1', 'title' => 'Dusit Thani Himalayan Resort Starts Operation ', 'sub_title' => '', 'summary' => 'July 25: Dusit Thani Himalayan Resort Dhulikhel, Nepal, the first luxury resort in Namo Buddha, Dhulikel, has started operation.', '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"">July 25: Dusit Thani Himalayan Resort Dhulikhel, Nepal, the first luxury resort in Namo Buddha, Dhulikel, has started operation.</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"">Managed by Dusit International, one of Thailand’s leading hotel and property development companies, the resort combines Dusit’s unique brand of Thai-inspired gracious hospitality with local culture and traditions. </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"">“Dusit Thani literally means ‘Town in Heaven’. Our resort is just over an hour's drive from Tribhuvan International Airport and</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">25km from Bhaktapur Durbar Square, a UNESCO World Heritage Site,” shares Alina Shakya, marketing staff of the resort.</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 resort greets guests with a personal butler – a first-of-its-kind experience in Nepal – ensuring impeccable service and a truly unique experience throughout their stay. The resort also aims to redefine hospitality by offering an unrivalled wellness experience that resonates with guests and the local community.</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"">As part of its initial opening, Dusit Thani Himalayan Resort Dhulikhel, Nepal, offers 28</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">exquisitely designed rooms including four junior suites and 18 luxurious residences managed by Dusit at affordable rates. </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 opening of Dusit Thani Himalayan Resort Dhulikhel, Nepal marks the beginning of</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">an exciting chapter in Dhulikhel’s hospitality landscape, says Kris Panya, general manager of Dusit Thani Himalayan Resort Dhulikhel, 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"">"We are thrilled to unveil this magnificent haven that reflects our core values of care and commitment. We aspire to treat every guest as a cherished member of our own family and ensure an unparalleled level of personalized service and attention while also promoting</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">the local community around," he added.</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"">Guests can enjoy sweeping views of the valley and the awe-inspiring 180-degree Himalayan vista from their private balconies, guaranteeing a serene retreat that provides a taste of the luxurious offerings to come, Shakya added.</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 second phase of the resort, slated to open at the end of the year, will feature an additional 44 rooms, bringing the total number of rooms to 72.</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"">At Dusit Thani Himalayan Resort Dhulikhel, Nepal, wellness takes centre stage. Dusit’s signature Devarana Wellness offers an array of tailored wellness activities and experiences that cater to individual preferences and needs, the resort said in a statement. </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"">“Whether indulging in a rejuvenating spa treatment that blends ancient Thai and traditional Himalayan healing therapies, practising yoga amidst nature's embrace, or exploring the surrounding trails</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">for a soul-soothing hike, guests will discover a sanctuary that fosters holistic well-being.”</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"">Guests can enjoy the stunning views of the Himalayas and valleys from the infinity</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"">swimming pool and outdoor jacuzzi, and also take advantage of the steam, sauna, and fitness centre facilities for a complete wellness experience, says Shakya.</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"">In line with Dusit’s commitment to creating extraordinary moments for guests, dining at the resort is another exceptional experience. Led by Executive Chef Bhavi Khanal, winner of The Best International Executive Chef category at the Galaxy Excellence Awards, the resort’s enticing dining options include Thaan, a versatile multi-cuisine destination, and Bela, a lively poolside bar with a welcoming ambience. Locally sourced ingredients and expertly crafted menus and cocktails combine to deliver a culinary adventure that delights all the senses, the resort operators said.</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 resort also provides ample space for memorable meetings and events, catering to intimate gatherings and large-scale celebrations. Designed with versatility in mind, the grand ballroom expands to 226 sq m and has the remarkable capacity to comfortably host up to 350 guests, creating an ideal setting for grand weddings and other noteworthy occasions.</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"">Dusit Thani Himalayan Resort Dhulikhel, Nepal, also offers the unique advantage of combining the grand ballroom with a meticulously manicured lawn spanning an expansive 540 sq m. This seamless fusion of indoor and outdoor spaces enables the resort to cater to events with extensive guest lists. Operators of Dusit Thani claimed that it is the only resort in the vicinity to provide such comprehensive services.</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"">"From the inception of this project, I have envisioned a sanctuary nestled amidst the awe-inspiring beauty of the Himalayas, where guests could immerse themselves in a world of bespoke luxury and authentic local experiences. So, when your passion and dreams come true, it’s a completely different feeling. And today, I am overwhelmed with joy and pride as we open our doors to the world," Marvendra Mor, principal partner of Omstone Asia Capital Nepal Pvt Ltd, the company which owns Dusit Thani Himalayan Resort Dhulikhel, Nepal said. </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"">Babita Hamal, Managing Director of Omstone Asia Capital Nepal Pvt. Ltd said that her team is delighted to invite the world to experience the unparalleled grandeur of the luxury resort. "We look forward to promoting Dhulikhel as a premier tourist destination in Nepal,” she added. </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"">To celebrate its opening, Dusit Thani Himalayan Resort Dhulikhel, Nepal, is offering a special New Himalayan Hideaway room package, including daily breakfast at Thaan, complimentary afternoon tea at Bela Bar, a complimentary 30-minute neck and shoulder massage at Devarana Wellness for two, a 15% discount on F&B and spa treatments, a complimentary guided visit to Namo Buddha, and more exclusive benefits.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18285', 'image' => '20230725044755_470727500.jpg', 'article_date' => '2023-07-25 14:52:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18555', 'article_category_id' => '1', 'title' => 'Monetary Policy Issued by Central Bank cannot Resolve Economic Crisis: Private Sector', 'sub_title' => '', 'summary' => 'July 25: The three largest umbrella associations of the private sector, the Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the Confederation of Nepalese Industries (CNI) and the Nepal Chamber of Commerce (NCC) have said that the monetary policy introduced by the Nepal Rastra Bank (NRB) for the current fiscal year (FY 2023/24) will not address the current economic crisis.', '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"">July 25: The three largest umbrella associations of the private sector, the Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the Confederation of Nepalese Industries (CNI) and the Nepal Chamber of Commerce (NCC) have said that the monetary policy introduced by the Nepal Rastra Bank (NRB) for the current fiscal year (FY 2023/24) will not address the current economic crisis.</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"">Reacting to the monetary policy issued by the central bank on Sunday, the private sector stakeholders said in a joint statement on Monday that the monetary policy does not meet the expectations of addressing the challenges of the economy, including high-interest rates, low demand, cash flow problems, low production and job cuts, declining morale of the private sector and postponement of new investment plans.</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 policy taken by the central bank through monetary policy does not seem to help in lifting the economy out of recession," said the joint statement. The statement added that even if the central bank's monetary policy has been carefully and flexibly drafted to keep the economy running, the provisions in the policy prove otherwise.</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"">Last year's monetary policy fixed the credit flow to the private sector at 12.6 per cent, but for the current year, the target has been reduced to 11.5 per cent. According to the private sector, it will be difficult to achieve the economic growth rate of 6 per cent taken by the government through the budget when the credit going to the private sector is reduced. </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 private sector was expecting the central bank to take initiatives to control the increase in high-interest rates through monetary policy.</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"">“NRB has reduced the policy rate by 0.5 per cent while keeping the bank rate unchanged. It does not seem to help in reducing the interest rate. It is necessary to use all the tools to reduce the base rate of the banks," the statement said.</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 organisations argue that the economy will not be sustainable unless the monetary policy addresses the suggestions of the private sector.</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"">One of the major demands of the private sector is the borrowers should be provide facilities for refinancing.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18284', 'image' => '20230725010849_economic crisis.jpg', 'article_date' => '2023-07-25 13:08:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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' => '18569', 'article_category_id' => '1', 'title' => 'Insufficient Rainfall Delays Paddy Transplant in Tanahun District', 'sub_title' => '', 'summary' => 'Due to a scarcity of rainfall during this year's rainy season, the paddy seedlings plantation in Tanahun district has faced significant delays.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">July 26: Due to a scarcity of rainfall during this year's rainy season, the paddy seedlings plantation in Tanahun district has faced significant delays. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Typically, paddy transplantation is completed by the end of the Asar month in the district; however, the lack of sufficient rainfall has hindered paddy cultivation this year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Farmers in various places of Tanahun have expressed their concerns over the situation. Dev Bahadur Kamali from Bhanu Municipality-2 reported that many farms have been left unplanted due to the absence of rain. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">This has resulted in worries among farmers regarding limited grain output. Shivalal Pradhan, a farmer from Kalesti in Byas Municipality-7, highlighted that the lack of water supply for plantation has compounded their difficulties.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Pradip Ghimire of Byas Municipality-7 pointed out that land plots could remain barren this year if adequate rainfall does not occur. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">According to Kul Prasad Tiwari, the Senior Agricultural Development Officer and Chief of Agriculture Knowledge Centre in Tanahun, an estimated 15 percent of the farmland in the district may remain unutilized due to the delayed planting caused by the lack of rainfall. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Tiwari said that paddy transplantation has been completed on approximately 75 percent of the land in Tanahun, and this figure could potentially reach 85 percent by the end of the season, assuming more rainfall arrives.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18298', 'image' => '20230726043746_collage (3).jpg', 'article_date' => '2023-07-26 16:36:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '18568', 'article_category_id' => '218', 'title' => 'Sanima Bank Signs Partnership Deal with Swisscontact Nepal for Agro Financing', 'sub_title' => '', 'summary' => 'July 26: Sanima Bank has signed a partnership agreement with Swisscontact Nepal for the Phase II of Agriculture Market Development Program Phase with the goal of strengthening the capacity of the bank to finance agro-based SMEs in Koshi Province.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">July 26: Sanima Bank has signed a partnership agreement with Swisscontact Nepal for the Phase II of Agriculture Market Development Program Phase with the goal of strengthening the capacity of the bank to finance agro-based SMEs in Koshi Province.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The partnership aims to cater to the financial needs of agro-processing enterprises in Koshi Province, reads a press statement issued by the bank. The agreement will help carry out orientation and spread awareness in an innovative and effective way, added the statement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to Sanima Bank, this partnership will optimize the digitization of the agro-loan processing, carry out promotional activities of agro-loan products, organize various client orientation and business literacy programs and build the capacity of the bank’s staff to cater to the agro-enterprises’ needs in an efficient way.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Deputy Chief Executive Officer of Sanima Bank, Tej Bahadur Chand, mentioned that the partnership would enable Sanima Bank to further strengthen its initiatives in better serving agriculture enterprises through innovative financial products and services. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Sanima Bank is currently providing services from 132 offices and 122 ATM networks across all 7 provinces.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18297', 'image' => '20230726020604_Photo_Partnership with Swisscontact.JPG', 'article_date' => '2023-07-26 14:04:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18567', 'article_category_id' => '1', 'title' => 'NCC Demands Direct Flights between Nepal and Pakistan', 'sub_title' => '', 'summary' => 'July 26: Nepal Chamber of Commerce (NCC) has requested the newly appointed Pakistani Ambassador to Nepal, Abrar Hussain Hashmi, for the operation of direct air service between Nepal and Pakistan.', '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"">July 26: Nepal Chamber of Commerce (NCC) has requested the newly appointed Pakistani Ambassador to Nepal, Abrar Hussain Hashmi, for the operation of direct air service between Nepal and Pakistan. The NCC is of the view that direct air connectivity is necessary to facilitate trade between the two countries and promote tourism activities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In a meeting with the newly appointed Ambassador Hasmi, NCC President Rajendra Malla emphasized that the Kathmandu-Karachi flights should be resumed immediately for the expansion of trade between the two countries, exchange of tourism and growth of economic and commercial activities. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Malla urged Ambassador Hashmi to take the initiative for the operation of air services between the two countries at the government level. The also requested for cooperation with the private sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> "The air distance between Nepal and Pakistan is three hours. If it can be utilized, trade and tourism can be expanded between the two countries," he said. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to NCC President Malla, there is great potential for both the countries to benefit by increasing joint investment in air services and small and medium industries through cooperation between the private sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pakistani Ambassador to Nepal Hasmi said that there should be an initiative from the government for the operation of air services.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal is currently importing medicines, processed leather products, machinery items, shoes, slippers among others from Paksitan while Nepal exports honey, coffee, tea, handicraft products, cardamom, eye lenses, woolen yarn and other items to Pakistan. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Malla, direct flights will also facilitate tourism activities. Ambassador Hasmi expressed his commitment to take further initiatives for the expansion of business activities by holding discussions between the officials of the chambers of commerce of the two countries.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18296', 'image' => '20230726015538_ncccc.jpg', 'article_date' => '2023-07-26 13:54:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18566', 'article_category_id' => '1', 'title' => ' Nepal Infrastructure Construction Company Devoid of Work', 'sub_title' => '', 'summary' => 'July 26: The Nepal Infrastructure Construction Company, with an authorized capital of Rs 10 billion and issued capital of Rs 5 billion, established four years ago under the full ownership of the government, has no work to do at all.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">July 26: The Nepal Infrastructure Construction Company, with an authorized capital of Rs 10 billion and issued capital of Rs 5 billion, established four years ago under the full ownership of the government, has no work to do at all. This company, which was established on July 10, 2019 by the then KP Sharma Oli-led government to work in the field of construction, has gone out of business due to the lack of a clear policy. So far, it has not been able to do any other work in the field of construction apart from general consultation. </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 company has been given the right to engage in almost all areas of infrastructure development. The then government had established the company with the aim of undertaking construction works related to roads, airports, expressways, highways, railways, dry ports, harbors, canals, pipelines, substations. It seems that this company is not among the priorities of the successive governments formed after the fall of the Oli government. This company is lagging behind in achieving its objectives due to the lack of a clear policy of the government. The government officials admit that the company has not been able to produce results.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Rajesh Kumar Thapa, joint secretary at the Ministry of Physical Infrastructure and Transport, who is also the secretary of the company, says that the existing law does not allow the company to move forward as per the objective. </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 him, this state-owned company was established with the aim of engaging in procurement and construction work of public concern at any time. However, as the current Public Procurement Act stipulates that no company can get any work without competition, it has become difficult for this company to bag contracts.</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 Ministry of Physical Infrastructure has already taken the initiative for amending the Public Procurement Act. After removing the policy hurdles, the company will be able to work in the field of construction as per its objective,” he said in a conversation with New Business Age. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Chief Executive Officer (CEO) of Nepal Infrastructure Construction Company, Devendra KC admitted that the company was unable to achieve results due to the lack of policy. </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 him, the company can work only if the legal arrangements in the Public Procurement Act are amended. Currently, the company has only done general works related to consultation. No work related to construction has been done.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">KC said that there is some hope because a bill to amend Some Nepal Acts has been registered in the parliament to remove legal complications. </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 bill proposes entrusting the construction company with work under special circumstances when it is required to undertake construction works immediately and it not possible to indulge in the bidding process.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">T<span style="font-size:14.0pt">he bill registered in the Parliament also proposes allowing the company to carry out all types of construction works including construction of buildings, factories, airports, expressways, highways, roads, access roads, railways, dry ports, bridges, tunnels, waterways, and ropeways among others.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Arrangements are being made to allow the construction of hangars, ports, and coastal roads as well. Similarly, construction of canals, pipelines, reservoirs, water tanks, ponds, dams, civil engineering construction works, workshops, garages, hotels, warehouses, and cold storage facilities are also to be given to the company. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">In addition legal arrangements are being made so that this company can carry out the construction of markets, shops, towns, residences, new settlements and also get involved in integrated urban development, urban infrastructure development, housing development and land consolidation projects, along with urban regeneration, well drilling and mining, hydroelectric power plant construction, flood control, recreational facilities, swimming ponds, fishing ponds, public, industrial, agricultural and all other types of buildings and useful facilities.</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 government had previously established the National Construction Company Nepal (NCCN), which was canceled after six consecutive years of losses. The interesting part is that the current infrastructure construction company is running profitably by doing consulting work with nine employees without any construction work or even buying equipment.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18295', 'image' => '20230726124936_1690334987.asdasdasdadasdasdasdasd - Copy.jpg', 'article_date' => '2023-07-26 12:48:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18565', 'article_category_id' => '1', 'title' => 'Nepal Exported Cement worth Rs 780 Million in Last FY', 'sub_title' => '', 'summary' => 'July 26: Nepal exported cement worth Rs 780 million in the last fiscal year (FY 2022/23).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 26: Nepal exported cement worth Rs 780 million in the last fiscal year (FY 2022/23).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Department of Customs, three cement industries exported over 1 million tons of cement worth Rs 777.93 million in the review year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the department, the industries exported 607,073 metric tons of cement worth Rs 420.35 million and 396,950 metric tons of clinker worth Rs 358.95 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, three cement industries namely Palpa, Arghakhanchi and Balaji are exporting cement to India. Besides, other industries are preparing to export cement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Palpa Cement's 'Tansen' brand was exported to India from July 9 last year. Meanwhile, Arghakhanchi Cement and Balaji Cement started exporting PPC cement under the brands 'Bahubali' and 'Shrishti' from October 17 and June 12 last year respectively.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The industries started exporting cement after the government announced up to eight percent cash subsidy on cement exports along with a subsidy of 2-15 percent on electricity tariff for the industries that consume worth more than Rs 100 million annually. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Cement Producers Association of Nepal has said that many cement industries are waiting for quality certificate for cement export from the Government of India. Nepali cement industry will have to get a quality certificate from the Indian government for exporting cement to India. The cement industry operating in Nepal has an annual production capacity of around 22 million tons. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18294', 'image' => '20230726114157_20220607103309_Clipboard18.jpg', 'article_date' => '2023-07-26 11:39:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18564', 'article_category_id' => '1', 'title' => 'Standard Chartered Bank Nepal Funds Eyecare Projects worth Rs 10 Million', 'sub_title' => '', 'summary' => 'July 26: Standard Chartered Bank Nepal Limited (SCBNL) has joined hands with Nepal Eye Programme of Tilganga Institute of Ophthalmology and MITRA Samaj to identify and treat cases of avoidable blindness, cataract and posterior segment eye diseases across all provinces in the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 26: Standard Chartered Bank Nepal Limited (SCBNL) has joined hands with Nepal Eye Programme of Tilganga Institute of Ophthalmology and MITRA Samaj to identify and treat cases of avoidable blindness, cataract and posterior segment eye diseases across all provinces in the country.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The bank has donated USD 36,434 (Rs 4,790,866) to Nepal Eye Programme which will be used in the establishment of a Community Eye Centre (CEC) at Nichuta, Parsa, to deliver comprehensive eye care services to the people of Paterwa Sugauli Rural Municipality-5 and its adjoining rural and urban municipalities, reads a statement issued by the bank. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the bank, the project will focus on elderly people, women, children, people with impairment, and people with disabilities. A total of 7,200 persons will directly benefit from this project such as community eye centre (3,000), community screenings (2,000), school screenings (2,000) and cataract surgeries (200) through the outreach programme in a year, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The bank said it also donated USD 51,379 (NPR 6,725,000) to MITRA Samaj. According to the bank, the amount will be used for the Cataract Blindness Alleviation Project aimed at identifying cases of avoidable blinding, including cataract, among the hard-to-reach population (especially 50+years), in priority areas of all provinces of Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Altogether 3,000 people are expected to benefit through the screenings. The bank said that 700 to 1,000 cataract cases will be identified, 1,500 people with refractive error are expected to get treated and/or receive reading glasses, and at least 700 cataract cases will be restored with vision through this project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the cheque handover event, Harsha Pillai, head of Corporate Affairs, Brand and Marketing at Standard Chartered Bank Nepal Limited (SCBNL) said that the bank aims to provide eye care services in collaboration with Nepal Eye Programme (Tilganga Institute of Ophthalmology) and MITRA Samaj to those who would not have easy access or cannot afford this treatment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The focus is on early detection of eye ailments, referral, and appropriate treatment. Serving communities will always be at the heart of Standard Chartered,” added Pillai.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, Reeta Gurung, chief executive officer of the Tilganga Institute of Ophthalmology, assured that the funds will be well spent for the benefit of the needy people of Nichuta area.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Vivek Singh Thakuri, executive director of MITRA Samaj shared, "We are super excited to partner with Standard Chartered Bank to identify cases of avoidable blindness and improve people’s vision by organising free Outreach Micro Surgical Eye Clinics (OMSEC). We are looking forward to touching lives positively.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The statement mentions that eye health care is an essential component of basic health service to be provided to all citizens as stated in the constitution of Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Despite efforts from various stakeholders, vision impairment continues to be a major problem. With this in mind, Standard Chartered Bank has decided to make these significant donations to help provide accessible, affordable and quality eye care in the country.”</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18293', 'image' => '20230726105932_stan.jpg', 'article_date' => '2023-07-26 10:58:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18563', 'article_category_id' => '1', 'title' => 'HAN Dissatisfied with New Monetary Policy', 'sub_title' => '', 'summary' => 'July 26: The Hotel Association Nepal (HAN) has expressed dissatisfaction with the monetary policy issued by Nepal Rastra Bank (NRB) for the current fiscal year. ', '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"">July 26: The Hotel Association Nepal (HAN) has expressed dissatisfaction with the monetary policy issued by Nepal Rastra Bank (NRB) for the current fiscal year. Issuing a statement on Tuesday, HAN expressed dissatisfaction stating that the monetary policy could not address the problems of the hotel and tourism sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Announcing its views on the monetary policy on Tuesday, HAN said that it was enthusiastic about the new policy because it did not have any new initiatives to uplift the hotel and tourism industry which was hit hard by the recession in the aftermath of the Covid-19 pandemic and the Russia-Ukraine war. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">HAN complained that although the businessmen have demanded measures like re-financing and rescheduling of loans as well as the development of the tourism sector through the provision of low interest rates, the monetary policy has not addressed these issues.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">HAN said that the current fiscal year's budget and monetary policy have admitted that the number of tourists and economic activities have increased but the capacity of the hotels, which is constantly being added, is under-utilized with less than one-third occupancy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As a result, the hotel industry is in loss and unable to pay regular interest to the banks, it has been mentioned in the statement. </span></span></span></span></p> <p><span style="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 review of last year's monetary policy had provision of re-financing and rescheduling of the interest to be paid to the banks. However, the hotel and tourism industry operators are now confused because there are no such provisions in the new monetary policy.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to HAN, the entry of world-class hotel brands in the country is increasing, but the monetary policy is not encouraging enough. HAN argued that it will be difficult to increase the number of tourists this year due to taxes imposed on raw materials including vegetables consumed by customers and tourists and the introduction of luxury tax.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18292', 'image' => '20230726102038_1690335515.hanadasdasdasdasd.jpg', 'article_date' => '2023-07-26 10:19:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18562', 'article_category_id' => '1', 'title' => 'Nepal Imports Millets worth Rs 510 Million from India ', 'sub_title' => '', 'summary' => 'Nepal imported millets worth Rs 513 million in the last fiscal year from India. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 26: Youths of Nepal are leaving the country for foreign jobs in large numbers and the farmlands in the rural areas are left barren. As a result, the country imported millets worth Rs 513 million in the last fiscal year from India. </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 customs officials, millets worth Rs 513 million were imported from Kakadbhitta customs alone in the fiscal year 2022/23.</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"">Information Officer at the Plant Quarantine Office in Kakadbhitta, Chandra Kishor Thakur, said that a total of 16,035 metric tonnes of millets were imported from Kakadbhitta customs point in the review year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, pumpkins worth Rs 57.7 million were imported from India in the last fiscal year from Kakadbhitta customs point, according to Thakur. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, chilies worth Rs 200 million were imported from Kakadbhitta customs point in the fiscal year 2022/23, Thakur said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Thakur said that fruits and vegetables including onions, tomatoes, long guards, yams, watermelons, gingers and others worth billions were imported during this period from India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the local producers in the districts of eastern Nepal have complained of limited market for the domestic products due to unrestricted imports of vegetables and fruits from India and other countries. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18291', 'image' => '20230726095554_Hardy-Millet.jpg', 'article_date' => '2023-07-26 09:54:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18561', 'article_category_id' => '1', 'title' => 'Bir Hospital Launches VIP, VVIP Wards', 'sub_title' => '', 'summary' => 'The Bir Hospital has brought VIP and VVIP wards into operation. A fully equipped three-bed ward in the surgical building has a guest and visitor's hall, said the hospital director Dr Santosh Paudel. ', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 26: The Bir Hospital has brought VIP and VVIP wards into operation. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A fully equipped three-bed ward in the surgical building has a guest and visitor's hall, said the hospital director Dr Santosh Paudel. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Two beds have been already allocated for VIP and VVIP persons on the first floor of the old building of the hospital. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Minister for Health and Population Mohan Bahadur Basnet on Tuesday inaugurated the VIP and VVIP wards amid a function. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Beds have been added so patients get treatment for all sorts of diseases, said the minister. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The hospital has formed a 15-member team of specialist doctors from government and private hospitals for the same. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“The team of doctors provides treatment. No one needs to go to foreign countries for medical treatment," he said. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Minister Basnet also directed office bearers of the National Academy of Medical Sciences (NAMS) and Bir Hospital to make the hospital service more effective. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Members of the VIP and VVIP treatment specialist committee led by the NAMS chancellor Prof Dr Bhupendra Kumar Basnet are Dr Kiran Shrestha, Dr Dhurba Gaire, Dr Rabiram Shrestha, and Dr Shaili Pradhan.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The committee also includes Dr Bhagawan Koirala, Dr Pukar Chandra Shrestha, Dr Mahesh Adhikari, Dr Subhash Acharya, Dr Sanduk Ruit, Dr Shashi Sharma, Dr Ratna Gajurel, Dr Badri Rijal, Dr Man Bahadur Gajurel and Dr Ramesh Chokhani. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18290', 'image' => '20230726055406_collage (6).jpg', 'article_date' => '2023-07-26 05:52:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '18560', 'article_category_id' => '1', 'title' => 'Vegetables, Fruits Worth Rs 6.29 Billion Imported via Kakadvitta', 'sub_title' => '', 'summary' => 'In the fiscal year 2079/80 BS, Nepal imported vegetables and fruits worth a total of Rs 6.29 billion through the eastern check point, Kakadvitta.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">July 26: In the fiscal year 2079/80 BS, Nepal imported vegetables and fruits worth a total of Rs 6.29 billion through the eastern check point, Kakadvitta. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">The imports consisted of fresh vegetables worth Rs 3.35 billion and fruits worth Rs 2.94 billion,<span style="font-family:"Segoe UI",sans-serif"> according to information Officer at Plant Quarantine Office, Kakadvitta, Chandra Kishor Thakur. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt"><span style="font-family:"Segoe UI",sans-serif">Plant Quarantine Office, Kakadvitta</span></span><span style="font-size:20.0pt"> said that three main vegetables were imported from India in significant quantities. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">These included 25,312 metric tonnes of onions worth Rs 809.9 million, 38,010 metric tonnes of tomatoes worth Rs 608.1 million, and 19,988 metric tonnes of bitter gourd worth Rs 319.8 million.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">Furthermore, Nepal also imported 617 metric tonnes of apples worth Rs 685.8 million and 15,531 metric tonnes of pineapples worth Rs 621.2 million.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:20.0pt">Additionally, other fruits that were imported via the eastern check point included 7,718 metric tonnes of oranges worth Rs 370.4 million, 3,072 metric tonnes of grapes worth Rs 196.6 million, and 2,763 metric tonnes of pomegranates worth Rs 264.8 million. (RSS)</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-26', 'modified' => '2023-07-26', 'keywords' => '', 'description' => '', 'sortorder' => '18289', 'image' => '20230726054053_collage (4).jpg', 'article_date' => '2023-07-26 05:39:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '18559', 'article_category_id' => '1', 'title' => 'Kathmandu Reports Steady Rise in Crime', 'sub_title' => 'More than Half of the Crimes Reported were Related to Banking Fraud ', 'summary' => 'July 25: The graph of crime has been increasing steadily in Kathmandu year by year, data shows. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 25: The graph of crime has been increasing steadily in Kathmandu year by year, data shows. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Kathmandu District Police Range, the cases of banking fraud and other economic offences have significantly soared here in recent times. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the fiscal year 2020/21, a total of 5,662 cases of crimes were registered in Kathmandu and this number increased to 8,977 in the following year and further rose to 13,464 in the fiscal year 2022/23. Notably, more than half of these cases, specifically 7,101 cases, were related to banking fraud. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, 2,894 were related to abuse, 647 involved theft, 414 were associated with swindling, 368 were related drug abuse and smuggling, 357 were related to suicide incidents, and 326 were related to women and children. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, 189 cases were related to traffic accidents and injuries, 27 cases were about murder, and 1,141 cases were related to other forms of offences. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Senior Superintendent of Police, Dan Bahadur Karki, said the data presents the escalating trend of banking fraud and other economic offences in Kathmandu lately. This includes banking fraud, bounced checks, swindling through lottery scams, and deceptive promises of lucrative employment opportunities abroad. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18288', 'image' => '20230725045808_Kathmandu Valley.jpg', 'article_date' => '2023-07-25 16:53:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18558', 'article_category_id' => '1', 'title' => 'British Council Launches IELTS Ready: Premium', 'sub_title' => '', 'summary' => 'July 25: The British Council in Nepal has launched a new service, IELTS Ready: Premium, with the objective of providing innovative support for those preparing to take an IELTS test with the British Council. ', '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"">July 25: The British Council in Nepal has launched a new service, IELTS Ready: Premium, with the objective of providing innovative support for those preparing to take an IELTS test with the British Council. </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 British Council, the new platform will provide personalised IELTS resources to British Council test takers according to their progress. It includes 40 IELTS mock tests, and recorded classes and will be fully supported by native English-speaking IELTS experts.</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"">Test takers can perfect their IELTS preparation with practice tests in both timed and untimed formats, with all answers analysed to inform the most useful exercises for test-takers to practice, reads a press statement issued by the British Council. </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 IELTS Ready: Premium platform is powered by Guided e-Learning (GEL), a leading provider of digital learning in English Language Teaching based in London.</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"">Test takers will also be able to access writing practice with model answers to show what examiners are looking for to achieve the required scores. Likewise, they will also be able to get feedback from IELTS experts on every reading and listening question. Tailored support to target areas where test takers need to improve and familiarisation videos so test takers are prepared for their test are also accessible, added the statement. </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"">Test takers receive unlimited free access to IELTS Ready: Premium from the time they register for IELTS with the British Council up to their test.</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 a successful pilot period, the platform achieved high levels of user satisfaction and engagement amongst test takers. According to the British Council, 97 percent of users said it helped them achieve their desired score and 98 percent said they would recommend the service to others. </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"">Maxim Raimann, General Manager at the British Council Nepal, said that the institute wanted to give IELTS test takers every tool to achieve their ambitions of living, working or studying overseas.</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"">“We are therefore excited to launch IELTS Ready: Premium, to help them feel fully prepared and have the best chance to fulfil those dreams,” he added. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18287', 'image' => '20230725040215_IELTS.jpg', 'article_date' => '2023-07-25 16:01:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18557', 'article_category_id' => '1', 'title' => 'Nepal’s Foreign Trade Shrinks while Trade Deficit Stands at Rs 1454 Billion', 'sub_title' => '', 'summary' => 'July 25: Nepal’s foreign trade declined by 16.58 percent in the last fiscal year compared to the previous year.', '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"">July 25: Nepal’s foreign trade declined by 16.58 percent in the last fiscal year compared to the previous year. Last year, imports decreased by Rs 308.71 billion and exports decreased by Rs 42.89 billion, the Department of Customs announced on Monday.</span></span></span></span></p> <p><span style="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 total foreign trade, which exceeded Rs 2120.47 billion in the year 2021/22, decreased to Rs 1768.87 billion in FY 2022/23. Last year, imports decreased by 16.08 and exports by 21.44 percent.</span></span></span></span></p> <p><span style="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 size of the foreign trade shrunk due to the government's policy of discouraging imports, which contributes more than 90 percent to the total foreign trade. The government had imposed a ban on the import of some luxury items for almost half of the last fiscal year due to the decrease in foreign exchange reserves.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although the government had announced incentives for exports, there was a decline in items sent overseas from 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:"Arial","sans-serif"">Exports from Nepal decreased mainly after India reduced the customs duty imposed on the import of raw materials required for making edible oil. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepali businessmen used to bring unrefined oil from abroad, process it and export it to India when India had imposed a 40 percent duty on the import of edible oil raw materials from countries other than the South Asian Free Trade Area (SAFTA).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">While exporting edible oil from Nepal to India, only 5 percent duty was paid under the SAFTA facility. Later, after India reduced the duty on crude oil export to 2.5 percent, the export from Nepal was negatively affected.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Trade deficit with 132 countries</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the year 2021/22, the country traded with 170 countries of the world and had a trade deficit with 132 countries. There was profit in trade with 38 countries only. Experts say that the trade deficit is increasing due to the lack of domestic products for export.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal’s trade deficit with India was the highest of all while it made profit in foreign trade with Denmark the most.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Former Governor of Nepal Rastra Bank Chiranjeevi Nepal says that the trade deficit will not reduce unless Nepal encourages domestic production. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"We don't have internal production at all. We have only been importing," says former governor Nepal. "To reduce the trade deficit, the government should designate special areas and promote domestic production."</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He says that there is a practice of importing unnecessary goods 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:"Arial","sans-serif"">“Nepali nationals have been making good income through remittance. Therefore, there is a tendency to import unnecessary goods,'' he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to him, the government should promote exports by encouraging the production of goods that have potential in the international market. If that is done, the trade deficit with the partner countries can be gradually reduced.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18286', 'image' => '20230725032424_trade_imbalance.jpg', 'article_date' => '2023-07-25 15:23:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18556', 'article_category_id' => '1', 'title' => 'Dusit Thani Himalayan Resort Starts Operation ', 'sub_title' => '', 'summary' => 'July 25: Dusit Thani Himalayan Resort Dhulikhel, Nepal, the first luxury resort in Namo Buddha, Dhulikel, has started operation.', '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"">July 25: Dusit Thani Himalayan Resort Dhulikhel, Nepal, the first luxury resort in Namo Buddha, Dhulikel, has started operation.</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"">Managed by Dusit International, one of Thailand’s leading hotel and property development companies, the resort combines Dusit’s unique brand of Thai-inspired gracious hospitality with local culture and traditions. </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"">“Dusit Thani literally means ‘Town in Heaven’. Our resort is just over an hour's drive from Tribhuvan International Airport and</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">25km from Bhaktapur Durbar Square, a UNESCO World Heritage Site,” shares Alina Shakya, marketing staff of the resort.</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 resort greets guests with a personal butler – a first-of-its-kind experience in Nepal – ensuring impeccable service and a truly unique experience throughout their stay. The resort also aims to redefine hospitality by offering an unrivalled wellness experience that resonates with guests and the local community.</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"">As part of its initial opening, Dusit Thani Himalayan Resort Dhulikhel, Nepal, offers 28</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">exquisitely designed rooms including four junior suites and 18 luxurious residences managed by Dusit at affordable rates. </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 opening of Dusit Thani Himalayan Resort Dhulikhel, Nepal marks the beginning of</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">an exciting chapter in Dhulikhel’s hospitality landscape, says Kris Panya, general manager of Dusit Thani Himalayan Resort Dhulikhel, 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"">"We are thrilled to unveil this magnificent haven that reflects our core values of care and commitment. We aspire to treat every guest as a cherished member of our own family and ensure an unparalleled level of personalized service and attention while also promoting</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">the local community around," he added.</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"">Guests can enjoy sweeping views of the valley and the awe-inspiring 180-degree Himalayan vista from their private balconies, guaranteeing a serene retreat that provides a taste of the luxurious offerings to come, Shakya added.</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 second phase of the resort, slated to open at the end of the year, will feature an additional 44 rooms, bringing the total number of rooms to 72.</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"">At Dusit Thani Himalayan Resort Dhulikhel, Nepal, wellness takes centre stage. Dusit’s signature Devarana Wellness offers an array of tailored wellness activities and experiences that cater to individual preferences and needs, the resort said in a statement. </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"">“Whether indulging in a rejuvenating spa treatment that blends ancient Thai and traditional Himalayan healing therapies, practising yoga amidst nature's embrace, or exploring the surrounding trails</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">for a soul-soothing hike, guests will discover a sanctuary that fosters holistic well-being.”</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"">Guests can enjoy the stunning views of the Himalayas and valleys from the infinity</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"">swimming pool and outdoor jacuzzi, and also take advantage of the steam, sauna, and fitness centre facilities for a complete wellness experience, says Shakya.</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"">In line with Dusit’s commitment to creating extraordinary moments for guests, dining at the resort is another exceptional experience. Led by Executive Chef Bhavi Khanal, winner of The Best International Executive Chef category at the Galaxy Excellence Awards, the resort’s enticing dining options include Thaan, a versatile multi-cuisine destination, and Bela, a lively poolside bar with a welcoming ambience. Locally sourced ingredients and expertly crafted menus and cocktails combine to deliver a culinary adventure that delights all the senses, the resort operators said.</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 resort also provides ample space for memorable meetings and events, catering to intimate gatherings and large-scale celebrations. Designed with versatility in mind, the grand ballroom expands to 226 sq m and has the remarkable capacity to comfortably host up to 350 guests, creating an ideal setting for grand weddings and other noteworthy occasions.</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"">Dusit Thani Himalayan Resort Dhulikhel, Nepal, also offers the unique advantage of combining the grand ballroom with a meticulously manicured lawn spanning an expansive 540 sq m. This seamless fusion of indoor and outdoor spaces enables the resort to cater to events with extensive guest lists. Operators of Dusit Thani claimed that it is the only resort in the vicinity to provide such comprehensive services.</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"">"From the inception of this project, I have envisioned a sanctuary nestled amidst the awe-inspiring beauty of the Himalayas, where guests could immerse themselves in a world of bespoke luxury and authentic local experiences. So, when your passion and dreams come true, it’s a completely different feeling. And today, I am overwhelmed with joy and pride as we open our doors to the world," Marvendra Mor, principal partner of Omstone Asia Capital Nepal Pvt Ltd, the company which owns Dusit Thani Himalayan Resort Dhulikhel, Nepal said. </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"">Babita Hamal, Managing Director of Omstone Asia Capital Nepal Pvt. Ltd said that her team is delighted to invite the world to experience the unparalleled grandeur of the luxury resort. "We look forward to promoting Dhulikhel as a premier tourist destination in Nepal,” she added. </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"">To celebrate its opening, Dusit Thani Himalayan Resort Dhulikhel, Nepal, is offering a special New Himalayan Hideaway room package, including daily breakfast at Thaan, complimentary afternoon tea at Bela Bar, a complimentary 30-minute neck and shoulder massage at Devarana Wellness for two, a 15% discount on F&B and spa treatments, a complimentary guided visit to Namo Buddha, and more exclusive benefits.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18285', 'image' => '20230725044755_470727500.jpg', 'article_date' => '2023-07-25 14:52:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18555', 'article_category_id' => '1', 'title' => 'Monetary Policy Issued by Central Bank cannot Resolve Economic Crisis: Private Sector', 'sub_title' => '', 'summary' => 'July 25: The three largest umbrella associations of the private sector, the Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the Confederation of Nepalese Industries (CNI) and the Nepal Chamber of Commerce (NCC) have said that the monetary policy introduced by the Nepal Rastra Bank (NRB) for the current fiscal year (FY 2023/24) will not address the current economic crisis.', '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"">July 25: The three largest umbrella associations of the private sector, the Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the Confederation of Nepalese Industries (CNI) and the Nepal Chamber of Commerce (NCC) have said that the monetary policy introduced by the Nepal Rastra Bank (NRB) for the current fiscal year (FY 2023/24) will not address the current economic crisis.</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"">Reacting to the monetary policy issued by the central bank on Sunday, the private sector stakeholders said in a joint statement on Monday that the monetary policy does not meet the expectations of addressing the challenges of the economy, including high-interest rates, low demand, cash flow problems, low production and job cuts, declining morale of the private sector and postponement of new investment plans.</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 policy taken by the central bank through monetary policy does not seem to help in lifting the economy out of recession," said the joint statement. The statement added that even if the central bank's monetary policy has been carefully and flexibly drafted to keep the economy running, the provisions in the policy prove otherwise.</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"">Last year's monetary policy fixed the credit flow to the private sector at 12.6 per cent, but for the current year, the target has been reduced to 11.5 per cent. According to the private sector, it will be difficult to achieve the economic growth rate of 6 per cent taken by the government through the budget when the credit going to the private sector is reduced. </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 private sector was expecting the central bank to take initiatives to control the increase in high-interest rates through monetary policy.</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"">“NRB has reduced the policy rate by 0.5 per cent while keeping the bank rate unchanged. It does not seem to help in reducing the interest rate. It is necessary to use all the tools to reduce the base rate of the banks," the statement said.</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 organisations argue that the economy will not be sustainable unless the monetary policy addresses the suggestions of the private sector.</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"">One of the major demands of the private sector is the borrowers should be provide facilities for refinancing.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-25', 'modified' => '2023-07-25', 'keywords' => '', 'description' => '', 'sortorder' => '18284', 'image' => '20230725010849_economic crisis.jpg', 'article_date' => '2023-07-25 13:08:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
