July 18: The foreign ministers of BIMSTEC member nations discussed ways of consolidating cooperation within the regional organization during the BIMSTEC foreign ministers' meet in Bangkok, Thailand on…
July 18: The foreign ministers of BIMSTEC member nations discussed ways of consolidating cooperation within the regional organization during the BIMSTEC foreign ministers' meet in Bangkok, Thailand on…
July 18: Incidents of banking offense have been rising alarmingly in Kathmandu district…
The government has implemented a two percent luxury tax on specific services and goods. This decision, announced in the budget for the fiscal year 2023-24 presented on May 29, has now come into effect from July…
Nepal Airlines Corporation (NAC) has made a payment of Rs 830.95 million to the Employees Provident Fund (EPF) and Citizen Investment Trust…
July 17: The government has revised the public transportation fares after the prices of petroleum produced…
Domestic airline companies in Nepal have introduced the inclusion of value-added tax (VAT) on their services starting from…
Laxmi Premium Motors, the exclusive importer and distributor of BMW vehicles in Nepal, has unveiled the highly anticipated BMW iX3 Electric SAV (Sports Activity Vehicle) in the…
In the fiscal year 2022/23, the federal government of Nepal has spent approximately 80 percent of the planned annual…
Nepal Oil Corporation(NOC) has implemented an automatic pricing system for petroleum products. The board meeting of the NOC held on Sunday passed the Automatic Pricing Procedure…
On the last trading day of the current fiscal year 2022/23, the Nepal Stock Exchange(NEPSE) witnessed a rise of 12.16 points or 0.58 percent and ended on the positive note on…
President Ramchandra Paudel has officially certified three bills related to the…
July 16: The Nepal Tourism Board (NTB) is preparing to spend a budget of Rs 1 billion for overseas promotional activities in the upcoming fiscal…
July 16: With at least 1,192 cases of dengue and one fatality from the viral infection recorded in the past four months, experts have suggested one and all to remain safe from it and prevent further spread of the viral…
July 16: Commercial banks have been given the responsibility of determining the interest rate on deposits on their own after one and a half…
July 16: Following the crash of a Manang Air helicopter last week, the Civil Aviation Authority of Nepal (CAAN) has enforced new rules to ensure safety of helicopter flights, especially during the monsoon…
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The major areas of our discussion were energy, expansion of transmission line, climate change, health and food security and technology," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Saud left here for Bangkok on Sunday to attend the BIMSTEC Foreign Ministers’ Retreat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal, India, Bhutan, Bangladesh, Sri Lanka, Thailand and Myanmar are the members of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Foreign Minister Saud also held a 'sideline' meeting with his Indian counterpart S Jaishankar in Bangkok on Monday, the Ministry of Foreign Affairs said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to RSS, Foreign Minister Saud will return to Kathmandu today (July 18). </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18218', 'image' => '20230718115729_bimstec.jpg', 'article_date' => '2023-07-18 11:56:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18487', 'article_category_id' => '1', 'title' => 'Banking Offense Up by Two Folds in Kathmandu: Police', 'sub_title' => '7,101 Cases of Banking Offense in Kathmandu Registered in Last FY ', 'summary' => 'July 18: Incidents of banking offense have been rising alarmingly in Kathmandu district lately. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: Incidents of banking offense have been rising alarmingly in Kathmandu district lately. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Altogether 7,101 cases of banking offense were recorded in the last fiscal year (FY 2022/23) against 3,715 in FY 2021/22. The District Police Range, Kathmandu shared this information amif a press conference on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSP Dan Bahadur Karki, chief of District Police Range Kathmandu, said that the banking offence cases have increased in Kathmandu by nearly two folds over the past two years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, there has been a surge in the cases of theft in the district, said SSP Karki, informing that 647 cases of thefts were recorded in the last fiscal year against 368 in the fiscal year 2021/22. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cases of murders have, however, decreased from 37 in the fiscal year 2021/22 to 27 in the fiscal year 2022/23, according to the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, a total of 368 cases related to the abuse of narcotic drugs or illegal sales and distribution of the narcotic drugs were registered within Kathmandu in the last fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The police data showed that 341 cases of suicide were recorded in the same period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSP Karki admitted that the police have not been able to deliver optimally in combating crime and criminal activities since many of the CCTV cameras, considered an important tool in crime investigation, installed in Kathmandu were malfunctioning presently. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the 1,077 CCTV cameras installed in the places under the scope of the District Police Range, Kathmandu, only 532 are operative at present, it was shared during the press conference. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18217', 'image' => '20230718111658_banking-offence -800.jpg', 'article_date' => '2023-07-18 11:16:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18486', 'article_category_id' => '1', 'title' => 'Luxury Tax on High-end Hotels and Precious Metals Comes into Force', 'sub_title' => '', 'summary' => 'The government has implemented a two percent luxury tax on specific services and goods. This decision, announced in the budget for the fiscal year 2023-24 presented on May 29, has now come into effect from July 17.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 18: The government has implemented a two percent luxury tax on specific services and goods. This decision, announced in the budget for the fiscal year 2023-24 presented on May 29, has now come into effect from July 17.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The luxury tax will be applicable to high-end hotels and resorts offering services and imported liquors and precious metals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Four and five-star hotels and resorts will now charge an additional two percent to their clients for the services provided, starting from mid-July.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The tax will be imposed on precious metal and stone ornaments, including gold, diamonds, pearls, and gems, valued at over Rs 1 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For imported alcoholic products, the tax will be levied at the customs point during transportation.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Failure to pay the luxury tax will result in the tax amount being recovered along with a 15 percent annual interest rate. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Additionally, individuals or entities responsible for paying the luxury tax are required to submit a statement related to the tax. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Failure to submit the statement will result in a fine of 2.5 percent annually until the details are provided.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The implementation of the luxury tax aims to generate revenue for the government and regulate the luxury goods and services sector.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18216', 'image' => '20230718060648_collage (6).jpg', 'article_date' => '2023-07-18 06:03:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '18485', 'article_category_id' => '1', 'title' => 'Nepal Airlines Corporation Pays Rs 830.95 Million to EPF, CIT', 'sub_title' => '', 'summary' => 'Nepal Airlines Corporation (NAC) has made a payment of Rs 830.95 million to the Employees Provident Fund (EPF) and Citizen Investment Trust (CIT).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 18: Nepal Airlines Corporation (NAC) has made a payment of Rs 830.95 million to the Employees Provident Fund (EPF) and Citizen Investment Trust (CIT). </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The payment was made as the loan installment for the last month of the previous fiscal year. The loan was originally taken from EPF and CIT to acquire two narrow-body and two wide-body aircrafts.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In addition to this recent payment, NAC had previously paid Rs 2.94 billion in installment amounts between June 15, 2022, and April 13, 2023. This payment covered a period of almost 11 months.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NAC's press release stated that the corporation has experienced business expansion and improvement in its income compared to previous years. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides repaying the EPF and CIT loans, NAC has also settled arrears with various agencies. The corporation continues to make installment payments to EPF and CIT.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NAC has further revealed that an action plan has been initiated to procure three small-size aircraft using its internal resources. The objective behind this plan is to provide services in remote areas, considering the immediate need.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18215', 'image' => '20230718054513_collage (4).jpg', 'article_date' => '2023-07-18 05:43:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '18484', 'article_category_id' => '1', 'title' => 'DoTM Reduces Public Transport Fare by Three Percent ', 'sub_title' => '', 'summary' => 'July 17: The government has revised the public transportation fares after the prices of petroleum produced declined.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 17: The government has revised the public transportation fares after the prices of petroleum produced declined. The Department of Transport Management (DoTM) has reduced the fares by around three percent with a fall in the prices of petroleum products. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The fares were adjusted as per the 'automatic pricing system' that has been in force since March 31, 2022. The DoTM said that the revised price has come into effect from Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DoTM took this decision after the price of diesel fell by Rs 4 per liter and petrol by Rs 6 per liter on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to DoTM, the fare of passenger vehicles has been reduced by 2.13 percent and cargo containers by 2.78 in the hills and 3.09 in the Terai.</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"">DoTM’s Director General Narayan Prasad Bhattarai told the state-owned RSS that the Transport Management Office and the Traffic Police Division will monitor the implementation of the revised fares list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Physical Infrastructure and Transport, Prakash Jwala, said new provision was made in regard with the working procedures related to the scientific fare adjustment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the automatic pricing mechanism, the adjustment in fare is required when there is a fall or rise in the price of petroleum products exceeding five percent. </span></span></span></p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18214', 'image' => '20230717073249_20220518063257_TransportMCC.jpg', 'article_date' => '2023-07-17 19:31:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18483', 'article_category_id' => '1', 'title' => 'Domestic Airfares Go Up as VAT is Implemented', 'sub_title' => '', 'summary' => 'Domestic airline companies in Nepal have introduced the inclusion of value-added tax (VAT) on their services starting from Monday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: Domestic airline companies in Nepal have introduced the inclusion of value-added tax (VAT) on their services starting from Monday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Airlines Operators Association of Nepal released a press statement to inform the public about their decision, aligning with the budget for the current fiscal year 2023-24.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">As a result of this VAT implementation, domestic airfares have risen by up to six percent. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Passengers will now experience a slight increase in the costs of domestic air travel due to the inclusion of VAT.</span></span></p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18213', 'image' => '20230717053202_collage (8).jpg', 'article_date' => '2023-07-17 17:30:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18482', 'article_category_id' => '1', 'title' => 'Laxmi Premium Motors Launches BMW iX3 Electric SAV in Nepal', 'sub_title' => '', 'summary' => 'Laxmi Premium Motors, the exclusive importer and distributor of BMW vehicles in Nepal, has unveiled the highly anticipated BMW iX3 Electric SAV (Sports Activity Vehicle) in the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: Laxmi Premium Motors, the exclusive importer and distributor of BMW vehicles in Nepal, has unveiled the highly anticipated BMW iX3 Electric SAV (Sports Activity Vehicle) in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This move marks a significant step in Nepal's automotive industry and highlights BMW's commitment to sustainable mobility.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The BMW iX3 comes equipped with an impressive gross high-voltage battery capacity of 80 kWh, providing a range of up to 460 kilometers in a WLTP cycle.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Charging the battery from 0 to 80 percent takes approximately 34 minutes using a 150 kW DC fast charger, setting a new industry benchmark. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The vehicle's rear-wheel drive motor, powered by Gen 5.0 eDrive Technology, delivers a remarkable 210 kW of power and a maximum torque of 400 Nm, ensuring an exhilarating driving experience.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To enhance the overall driving pleasure, the BMW iX3 features the Harmon Kardon Surround system with 16 speakers, delivering an exceptional sound experience. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The panoramic glass roof adds a touch of luxury while offering a wide view of the sky. Seamless wireless smartphone integration, supporting both Apple CarPlay and Android Auto, allows for effortless connectivity.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The BMW iX3's stylish design is complemented by 20-inch M Aerodynamic wheels, elevating its aesthetic appeal. As a pioneer of innovation, BMW has meticulously crafted every aspect of the vehicle to create a sustainable ecosystem, aiming to reduce its environmental impact while providing exceptional driving experiences.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company's dedication to sustainability is evident in the selection of renewable resources and the implementation of energy-efficient systems, highlighting their commitment to a greener future.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With its outstanding performance and environmental consciousness, the BMW iX3 Electric SAV sets new standards for electric vehicles. Laxmi Premium Motors, which established a world-class sales and service setup in Kathmandu in 2020, currently offers a range of BMW models.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The introduction of the BMW iX3 is expected to strengthen the company's presence in the premium electric vehicle segment in Nepal, further contributing to a cleaner and greener future.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18212', 'image' => '20230717045253_collage (7).jpg', 'article_date' => '2023-07-17 16:50:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18481', 'article_category_id' => '1', 'title' => 'Government Spends Around 80 Percent of Budget in the Last Fiscal Year', 'sub_title' => '', 'summary' => 'In the fiscal year 2022/23, the federal government of Nepal has spent approximately 80 percent of the planned annual budget.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: In the fiscal year 2022/23, the federal government of Nepal has spent approximately 80 percent of the planned annual budget. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government had allocated a budget of Rs 1783 billion 736.3 million for the last fiscal year. As the fiscal year draws to a close, public spending has accounted for 79.69 percent, equivalent to Rs 1429 billion 564 million, according to the Financial Comptroller General Office.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The breakdown of public spending reveals that 85 percent of the recurrent budget, 61 percent of the capitalized budget, and 82.58 percent of financial management expenditures were utilized.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Under the recurrent budget heading, out of the allocated budget of around Rs 1183 billion, Rs 1005 billion 760 million was spent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the capital expenditure category, Rs 233 billion 696 million was utilized out of the allocated budget of Rs 380 billion 384.5 million. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The FCGO data further discloses that Rs 190 billion 108.7 million was spent out of Rs 230 billion 217.7 million allocated for financial management.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the last fiscal year, the government's revenue collection fell short of the planned budget expenses, with only 71 percent of the target being achieved. Consequently, a budget deficit of Rs 397 billion 872 million was recorded.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18211', 'image' => '20230717043349_collage (6).jpg', 'article_date' => '2023-07-17 16:29:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18480', 'article_category_id' => '1', 'title' => 'NOC Slashes Prices of Petroleum Products', 'sub_title' => '', 'summary' => 'Nepal Oil Corporation(NOC) has implemented an automatic pricing system for petroleum products. The board meeting of the NOC held on Sunday passed the Automatic Pricing Procedure 2080.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">July 17: Nepal Oil Corporation(NOC) has implemented an automatic pricing system for petroleum products. The board meeting of the NOC held on Sunday passed the Automatic Pricing Procedure 2080. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">As per the meeting of the Board of Directors, the corporation will not keep any profit on cooking gas (LPG). The board has decided to sell diesel with a profit margin of 2% and petrol with a profit margin 2.5%. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of petroleum products was slashed as per the automatic pricing system as the Indian Oil Corporation has sent the price list with price adjustment.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The corporation has reduced the price of petrol by Rs 6 per liter. Starting from Sunday midnight, petrol will be available in Kathmandu at Rs 164 per liter. However, in the districts of Tarai and Inner Madhes, petrol will be priced at Rs 161.50 and Rs 163, respectively.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of diesel and kerosene has been reduced by Rs 4 per liter. According to the new prices, one liter of diesel/kerosene will be available in Kathmandu at Rs 146. In the districts of Tarai, the price of both fuels will be available at Rs 143.50, and in Inner Madhes, it will be Rs 145.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of cooking gas has been reduced by Rs 10 per cylinder, and fixed at Rs 1,790.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to the Chairman of Board of Directors at Nepal Oil Corporations and Secretary at the Ministry of Commerce and Supplies, Madhukumar Marasini, after the implementation of the automatic pricing system, when the cost increases, the selling price also increases, and when the cost decreases, the selling price decreases. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The Executive Director of the Corporation, Umesh Prasad Thani, however, said that price of aviation fuel will not be automatically adjusted. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to him, the price of aviation fuel will be determined by the NOC Board of Directors. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to the NOC, petrol will be cheaper in Birgunj than in Raxaul, India, by Rs 13.27 per liter. Kerosene and diesel will be cheaper by Rs 9.94 per liter.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18210', 'image' => '20230717060044_collage (3).jpg', 'article_date' => '2023-07-17 05:58:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '18479', 'article_category_id' => '1', 'title' => 'NEPSE Bids Farewell to Fiscal year 2022-2023 on a Positive Note ', 'sub_title' => '', 'summary' => 'On the last trading day of the current fiscal year 2022/23, the Nepal Stock Exchange(NEPSE) witnessed a rise of 12.16 points or 0.58 percent and ended on the positive note on Sunday(today).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 16: On the last trading day of the current fiscal year 2022/23, the Nepal Stock Exchange(NEPSE) witnessed a rise of 12.16 points or 0.58 percent and ended on the positive note on Sunday(today).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The NEPSE Index closed at 2097.09. Despite rise of the index, transaction amount, however, slumped. The index recorded the transaction amount of Rs 2.37 billion today against the total transaction of Rs 3.39 billion yesterday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A total of 7,184,254 shares of 286 companies were traded, amounting to Rs 2.37 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The sensitive index experienced a growth of 0.74 per cent and float Index rose 0.63 percent, while Sensitive Float Index increased by 0.85 percent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sunrise Focused Equity Fund(SFEF) experienced the highest growth in unit price, increasing by 10 percent and technically hit the positive circuit, while NIBL GF rose by 9.92 percent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, Liberty Energy Company's shares lost the most. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Shares of the Shivam Cements Limited traded the most in terms of transaction amount closing at the price of Rs 651.50 per share. Total transaction amount of the SHIVM stood at Rs 19.31 crocres.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of the 13 sub-indices, the index of five groups decreased, while the rest of the sub-indices increased during today’s trading. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of the total sectoral indices, Mutual Fund Group reported the rise of 2.06% , while Hydropower sector the highest decline of 0.73%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18209', 'image' => '20230716050141_collage (3).jpg', 'article_date' => '2023-07-16 16:59:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '18478', 'article_category_id' => '1', 'title' => 'President Ram Chandra Paudel Certifies Three Bills Related to Budget ', 'sub_title' => '', 'summary' => 'President Ramchandra Paudel has officially certified three bills related to the budget.', 'content' => '<p>July 17: President Ramchandra Paudel has officially certified three bills related to the budget.</p> <p>The bills, namely the Appropriation Bill, 2080; the Finance Bill, 2080; and the Bill to Raise National Debt, 2080, were given assent by the President.</p> <p>This action comes after the bills were passed by the Federal Parliament and presented to the President for approval.</p> <p>Shailaja Regmi Bhattarai, the spokesperson for the Office of the President, confirmed that the President certified three bills in accordance with Article 113 (1) of the Constitution of Nepal. </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18208', 'image' => '20230716044618_collage (1).jpg', 'article_date' => '2023-07-16 16:42:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '18476', 'article_category_id' => '1', 'title' => 'Nepal Tourism Board to Spend Around Rs 1 Billion in Promotional Activities', 'sub_title' => '', 'summary' => 'July 16: The Nepal Tourism Board (NTB) is preparing to spend a budget of Rs 1 billion for overseas promotional activities in the upcoming fiscal year.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">July 16: The Nepal Tourism Board (NTB) is preparing to spend a budget of Rs 1 billion for overseas promotional activities in the upcoming fiscal year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">With the target of welcoming more than 1 million tourists in Nepal in the fiscal year 2023/24, the NTB is preparing to announce a budget of Rs 1.25 billion next year. NTB officials said that 80 percent of the budget will be spent on tourism promotion in the international market. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">According to NTB Director Mani Raj Lamichhane, the board is preparing to launch promotional activities to bring back the tourism business that was hit hard by the Covid-19 pandemic to normalcy.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">“Around 80 percent of the budget for the next fiscal year will be spent on tourism promotion in the international market,” said Lamichhane, adding, “The remaining amount will be spent on domestic tourism promotion and infrastructure development.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">According to him, the board will give priority in promotional activities in India, China, Singapore, Malaysia and other South East Asian countries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">“Priorities will also be given to the USA and the UK which have been contributing to the tourism sector of Nepal since a long time,” said Lamichhane.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The NTB is also planning to promote tourism in Australia as the country’s flag carrier Nepal Airlines Corporation is planning to start direct flights to Australia in the near future.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18207', 'image' => '20230716033046_Nepal-Tourism-Board.jpg', 'article_date' => '2023-07-16 15:29:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18477', 'article_category_id' => '1', 'title' => 'Experts Suggest Taking Precautionary Measures against Dengue', 'sub_title' => '', 'summary' => 'July 16: With at least 1,192 cases of dengue and one fatality from the viral infection recorded in the past four months, experts have suggested one and all to remain safe from it and prevent further spread of the viral infection. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 16: With at least 1,192 cases of dengue and one fatality from the viral infection recorded in the past four months, experts have suggested one and all to remain safe from it and prevent further spread of the viral infection. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking at an interaction organized by the Ministry of Health and Population, Director of the Epidemiology and Disease Control Division Dr Rudra Marasini cautioned all towards increasing cases of dengue and the likelihood of it becoming an epidemic at any time. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dr Marasini shared that a total of 1,192 people were infected with dengue as of July 8, adding that many of the cases could have gone unrecorded and unreported to the ministry. The statistic does not include those without symptoms and going to private health facility for treatment, he said, estimating higher number of cases in reality than the statistic. Similarly, Dipendra Raman Singh, director general of Department of Health Services, shared that the ministry was working with coordinated efforts with three-tier government for prevention and cure of dengue. He suggested destroying the possible places where the dengue-transmitting mosquitoes could lay eggs, including tyres, utensils or any containers. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The mosquito-borne viral infection is transmitted to human from mosquitos of Aedes species. Dengue was first reported in the country in 2004. Last year, 54,784 cases of dengue were reported in the country with 88 fatalities. A majority of the dengue cases (77 per cent) were reported from Bagmati Province. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">With the rise in mercury level in mountainous region due to climate change, dengue cases have been detected in places where it was never reported before. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Province Health Service Directorate, Surkhet, dengue patients have been detected in Humla, Jumla, Mugu and Dolpa in recent years</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dengue Control Source Person and vector control officer of the directorate, Shyam Lal Acharya said mountainous region is becoming favourable for lifecycle of mosquitoes. Acharya requested all to adopt precaution as dengue-carrying mosquitoes are active till mid-October.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">High fever, severe headache, pain behind the eyes, nausea and rash among others are the symptoms of dengue, said senior consultant Dr Bimal Chalise. Dr Chalise suggested admitting the patients with severe dengue infection in healthcare facilities at the earliest. -- RSS</span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-19', 'keywords' => '', 'description' => '', 'sortorder' => '18206', 'image' => '20230716033200_20230707014653_dengue-test_650x400_61442241844.jpg', 'article_date' => '2023-07-16 15:31:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18475', 'article_category_id' => '1', 'title' => 'Banks to Fix Interest Rates themselves after One and a Half Years', 'sub_title' => '', 'summary' => 'July 16: Commercial banks have been given the responsibility of determining the interest rate on deposits on their own after one and a half years.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">July 16: Commercial banks have been given the responsibility of determining the interest rate on deposits on their own after one and a half years.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">As the liquidity in the financial system has eased, the Nepal Bankers' Association (NBA) has decided that the banks will be able to set their own interest rates from mid-July.</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 chief executive officer of NBA, Anil Sharma said that since the banks have plenty of liquidity and the demand for loans is low, it has been decided that the banks can determine the interest rate on deposits based on the condition of the bank. </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 association had reached a gentlemen’s agreement in fixing the interest rate after unhealthy competition among banks resulted in exorbitant interest rates in the past. But now, as that the situation has eased, it has been decided that the banks will be able to set the interest rates themselves,” said Sharma. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Nepal Rastra Bank (NRB) had issued a verbal instruction to the banks to set the interest rates within a single digit in November 2021 after the interest rate on deposits of commercial banks reached almost 12 percent due to lack of liquidity.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Issuing a formal directive, NRB then made arrangements so that the banks could increase or decrease the interest rates only by 10 percent compared to the previous month’s interest rate.</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 NBA had been fixing the maximum interest rate of banks since October 2021.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">It has been learnt that the banks are preparing to lower the interest rate on deposits after mid-July. Such a decision was taken as the banks have excess liquidity at present due to high deposit collection and low credit flow.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">As of last Tuesday, banks and financial institutions had collected deposits of Rs 5736 billion and provided loans of Rs 4854 billion rupees.</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 average credit-deposit ratio (CD ratio) of banks also fell to 81.69 percent due to non-disbursement of loans compared to deposit collection. As banks can give loans by maintaining up to 90 percent CD ratio, they still have the ability to give more than Rs 4.5 billion as loans. However, due to high interest rates and contraction in economic activity, banks have not been able to expand credit flow.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18205', 'image' => '20230716030944_Banks.jpg', 'article_date' => '2023-07-16 15:08:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18474', 'article_category_id' => '1', 'title' => 'CAAN Suspends Non-Essential Helicopter Flights during Monsoon', 'sub_title' => '', 'summary' => 'July 16: Following the crash of a Manang Air helicopter last week, the Civil Aviation Authority of Nepal (CAAN) has enforced new rules to ensure safety of helicopter flights, especially during the monsoon period.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">July 16: Following the crash of a Manang Air helicopter last week, the Civil Aviation Authority of Nepal (CAAN) has enforced new rules to ensure safety of helicopter flights, especially during the monsoon period.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The regulator of the aviation sector of Nepal has suspended non-essential flights such as mountain flights, external load operations (sling flights) and showering of flower until September. CAAN, however, clarified that rescue flights will not be hampered during thisperiod.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Issuing a recent notice, CAAN said that it will issue permission for helicopter operations, including rescue flights, to be centralized at Actual Time of Departure (ATD) during this monsoon. Such a rule will remain in force until September with periodic review in a weekly basis for the effectiveness of this provision.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">As per the new provisions, either the point of origin or destination during helicopter flights should be an aerodrome.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">CAAN also said that flight crew having share in the company shall not exercise privilege of license for all types of commercial flights.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The notice further states that CAAN has formed a team for daily control and supervision of helicopter and Short Take Off and Landing (STOL) operations.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The new regulation announced last week comes in the wake of the crash of the Manang Air helicopter with call sign 9N-AMV in Lamjura Pass of Solukhumbu district killing five Mexicans and the pilot on July 11.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18204', 'image' => '20230716022140_20230711121204_Manang-Air-27-1024x683.jpg', 'article_date' => '2023-07-16 14:21:02', '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' => '18488', 'article_category_id' => '1', 'title' => 'Foreign Ministers of BIMSTEC Member States' Discuss ways to Bolster Cooperation ', 'sub_title' => '', 'summary' => 'July 18: The foreign ministers of BIMSTEC member nations discussed ways of consolidating cooperation within the regional organization during the BIMSTEC foreign ministers' meet in Bangkok, Thailand on Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: The foreign ministers of BIMSTEC member nations discussed ways of consolidating cooperation within the regional organization during the BIMSTEC foreign ministers' meet in Bangkok, Thailand on Monday.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The leaders discussed matters related to energy cooperation, expansion of power transmission line, climate change, health and food security and technology, among others, Minister for Foreign Affairs Narayan Prakash Saud, who is attended the meeting, told the state-owned RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"In Bangkok, we the foreign ministers of BIMSTEC member states held fruitful discussions on strengthening mutual cooperation. The major areas of our discussion were energy, expansion of transmission line, climate change, health and food security and technology," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Saud left here for Bangkok on Sunday to attend the BIMSTEC Foreign Ministers’ Retreat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal, India, Bhutan, Bangladesh, Sri Lanka, Thailand and Myanmar are the members of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Foreign Minister Saud also held a 'sideline' meeting with his Indian counterpart S Jaishankar in Bangkok on Monday, the Ministry of Foreign Affairs said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to RSS, Foreign Minister Saud will return to Kathmandu today (July 18). </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18218', 'image' => '20230718115729_bimstec.jpg', 'article_date' => '2023-07-18 11:56:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18487', 'article_category_id' => '1', 'title' => 'Banking Offense Up by Two Folds in Kathmandu: Police', 'sub_title' => '7,101 Cases of Banking Offense in Kathmandu Registered in Last FY ', 'summary' => 'July 18: Incidents of banking offense have been rising alarmingly in Kathmandu district lately. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: Incidents of banking offense have been rising alarmingly in Kathmandu district lately. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Altogether 7,101 cases of banking offense were recorded in the last fiscal year (FY 2022/23) against 3,715 in FY 2021/22. The District Police Range, Kathmandu shared this information amif a press conference on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSP Dan Bahadur Karki, chief of District Police Range Kathmandu, said that the banking offence cases have increased in Kathmandu by nearly two folds over the past two years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, there has been a surge in the cases of theft in the district, said SSP Karki, informing that 647 cases of thefts were recorded in the last fiscal year against 368 in the fiscal year 2021/22. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cases of murders have, however, decreased from 37 in the fiscal year 2021/22 to 27 in the fiscal year 2022/23, according to the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, a total of 368 cases related to the abuse of narcotic drugs or illegal sales and distribution of the narcotic drugs were registered within Kathmandu in the last fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The police data showed that 341 cases of suicide were recorded in the same period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSP Karki admitted that the police have not been able to deliver optimally in combating crime and criminal activities since many of the CCTV cameras, considered an important tool in crime investigation, installed in Kathmandu were malfunctioning presently. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the 1,077 CCTV cameras installed in the places under the scope of the District Police Range, Kathmandu, only 532 are operative at present, it was shared during the press conference. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18217', 'image' => '20230718111658_banking-offence -800.jpg', 'article_date' => '2023-07-18 11:16:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18486', 'article_category_id' => '1', 'title' => 'Luxury Tax on High-end Hotels and Precious Metals Comes into Force', 'sub_title' => '', 'summary' => 'The government has implemented a two percent luxury tax on specific services and goods. This decision, announced in the budget for the fiscal year 2023-24 presented on May 29, has now come into effect from July 17.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 18: The government has implemented a two percent luxury tax on specific services and goods. This decision, announced in the budget for the fiscal year 2023-24 presented on May 29, has now come into effect from July 17.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The luxury tax will be applicable to high-end hotels and resorts offering services and imported liquors and precious metals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Four and five-star hotels and resorts will now charge an additional two percent to their clients for the services provided, starting from mid-July.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The tax will be imposed on precious metal and stone ornaments, including gold, diamonds, pearls, and gems, valued at over Rs 1 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For imported alcoholic products, the tax will be levied at the customs point during transportation.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Failure to pay the luxury tax will result in the tax amount being recovered along with a 15 percent annual interest rate. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Additionally, individuals or entities responsible for paying the luxury tax are required to submit a statement related to the tax. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Failure to submit the statement will result in a fine of 2.5 percent annually until the details are provided.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The implementation of the luxury tax aims to generate revenue for the government and regulate the luxury goods and services sector.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18216', 'image' => '20230718060648_collage (6).jpg', 'article_date' => '2023-07-18 06:03:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '18485', 'article_category_id' => '1', 'title' => 'Nepal Airlines Corporation Pays Rs 830.95 Million to EPF, CIT', 'sub_title' => '', 'summary' => 'Nepal Airlines Corporation (NAC) has made a payment of Rs 830.95 million to the Employees Provident Fund (EPF) and Citizen Investment Trust (CIT).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 18: Nepal Airlines Corporation (NAC) has made a payment of Rs 830.95 million to the Employees Provident Fund (EPF) and Citizen Investment Trust (CIT). </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The payment was made as the loan installment for the last month of the previous fiscal year. The loan was originally taken from EPF and CIT to acquire two narrow-body and two wide-body aircrafts.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In addition to this recent payment, NAC had previously paid Rs 2.94 billion in installment amounts between June 15, 2022, and April 13, 2023. This payment covered a period of almost 11 months.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NAC's press release stated that the corporation has experienced business expansion and improvement in its income compared to previous years. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides repaying the EPF and CIT loans, NAC has also settled arrears with various agencies. The corporation continues to make installment payments to EPF and CIT.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NAC has further revealed that an action plan has been initiated to procure three small-size aircraft using its internal resources. The objective behind this plan is to provide services in remote areas, considering the immediate need.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18215', 'image' => '20230718054513_collage (4).jpg', 'article_date' => '2023-07-18 05:43:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '18484', 'article_category_id' => '1', 'title' => 'DoTM Reduces Public Transport Fare by Three Percent ', 'sub_title' => '', 'summary' => 'July 17: The government has revised the public transportation fares after the prices of petroleum produced declined.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 17: The government has revised the public transportation fares after the prices of petroleum produced declined. The Department of Transport Management (DoTM) has reduced the fares by around three percent with a fall in the prices of petroleum products. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The fares were adjusted as per the 'automatic pricing system' that has been in force since March 31, 2022. The DoTM said that the revised price has come into effect from Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DoTM took this decision after the price of diesel fell by Rs 4 per liter and petrol by Rs 6 per liter on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to DoTM, the fare of passenger vehicles has been reduced by 2.13 percent and cargo containers by 2.78 in the hills and 3.09 in the Terai.</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"">DoTM’s Director General Narayan Prasad Bhattarai told the state-owned RSS that the Transport Management Office and the Traffic Police Division will monitor the implementation of the revised fares list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Physical Infrastructure and Transport, Prakash Jwala, said new provision was made in regard with the working procedures related to the scientific fare adjustment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the automatic pricing mechanism, the adjustment in fare is required when there is a fall or rise in the price of petroleum products exceeding five percent. </span></span></span></p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18214', 'image' => '20230717073249_20220518063257_TransportMCC.jpg', 'article_date' => '2023-07-17 19:31:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18483', 'article_category_id' => '1', 'title' => 'Domestic Airfares Go Up as VAT is Implemented', 'sub_title' => '', 'summary' => 'Domestic airline companies in Nepal have introduced the inclusion of value-added tax (VAT) on their services starting from Monday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: Domestic airline companies in Nepal have introduced the inclusion of value-added tax (VAT) on their services starting from Monday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Airlines Operators Association of Nepal released a press statement to inform the public about their decision, aligning with the budget for the current fiscal year 2023-24.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">As a result of this VAT implementation, domestic airfares have risen by up to six percent. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Passengers will now experience a slight increase in the costs of domestic air travel due to the inclusion of VAT.</span></span></p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18213', 'image' => '20230717053202_collage (8).jpg', 'article_date' => '2023-07-17 17:30:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18482', 'article_category_id' => '1', 'title' => 'Laxmi Premium Motors Launches BMW iX3 Electric SAV in Nepal', 'sub_title' => '', 'summary' => 'Laxmi Premium Motors, the exclusive importer and distributor of BMW vehicles in Nepal, has unveiled the highly anticipated BMW iX3 Electric SAV (Sports Activity Vehicle) in the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: Laxmi Premium Motors, the exclusive importer and distributor of BMW vehicles in Nepal, has unveiled the highly anticipated BMW iX3 Electric SAV (Sports Activity Vehicle) in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This move marks a significant step in Nepal's automotive industry and highlights BMW's commitment to sustainable mobility.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The BMW iX3 comes equipped with an impressive gross high-voltage battery capacity of 80 kWh, providing a range of up to 460 kilometers in a WLTP cycle.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Charging the battery from 0 to 80 percent takes approximately 34 minutes using a 150 kW DC fast charger, setting a new industry benchmark. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The vehicle's rear-wheel drive motor, powered by Gen 5.0 eDrive Technology, delivers a remarkable 210 kW of power and a maximum torque of 400 Nm, ensuring an exhilarating driving experience.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To enhance the overall driving pleasure, the BMW iX3 features the Harmon Kardon Surround system with 16 speakers, delivering an exceptional sound experience. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The panoramic glass roof adds a touch of luxury while offering a wide view of the sky. Seamless wireless smartphone integration, supporting both Apple CarPlay and Android Auto, allows for effortless connectivity.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The BMW iX3's stylish design is complemented by 20-inch M Aerodynamic wheels, elevating its aesthetic appeal. As a pioneer of innovation, BMW has meticulously crafted every aspect of the vehicle to create a sustainable ecosystem, aiming to reduce its environmental impact while providing exceptional driving experiences.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company's dedication to sustainability is evident in the selection of renewable resources and the implementation of energy-efficient systems, highlighting their commitment to a greener future.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With its outstanding performance and environmental consciousness, the BMW iX3 Electric SAV sets new standards for electric vehicles. Laxmi Premium Motors, which established a world-class sales and service setup in Kathmandu in 2020, currently offers a range of BMW models.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The introduction of the BMW iX3 is expected to strengthen the company's presence in the premium electric vehicle segment in Nepal, further contributing to a cleaner and greener future.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18212', 'image' => '20230717045253_collage (7).jpg', 'article_date' => '2023-07-17 16:50:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18481', 'article_category_id' => '1', 'title' => 'Government Spends Around 80 Percent of Budget in the Last Fiscal Year', 'sub_title' => '', 'summary' => 'In the fiscal year 2022/23, the federal government of Nepal has spent approximately 80 percent of the planned annual budget.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: In the fiscal year 2022/23, the federal government of Nepal has spent approximately 80 percent of the planned annual budget. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government had allocated a budget of Rs 1783 billion 736.3 million for the last fiscal year. As the fiscal year draws to a close, public spending has accounted for 79.69 percent, equivalent to Rs 1429 billion 564 million, according to the Financial Comptroller General Office.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The breakdown of public spending reveals that 85 percent of the recurrent budget, 61 percent of the capitalized budget, and 82.58 percent of financial management expenditures were utilized.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Under the recurrent budget heading, out of the allocated budget of around Rs 1183 billion, Rs 1005 billion 760 million was spent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the capital expenditure category, Rs 233 billion 696 million was utilized out of the allocated budget of Rs 380 billion 384.5 million. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The FCGO data further discloses that Rs 190 billion 108.7 million was spent out of Rs 230 billion 217.7 million allocated for financial management.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the last fiscal year, the government's revenue collection fell short of the planned budget expenses, with only 71 percent of the target being achieved. Consequently, a budget deficit of Rs 397 billion 872 million was recorded.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18211', 'image' => '20230717043349_collage (6).jpg', 'article_date' => '2023-07-17 16:29:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18480', 'article_category_id' => '1', 'title' => 'NOC Slashes Prices of Petroleum Products', 'sub_title' => '', 'summary' => 'Nepal Oil Corporation(NOC) has implemented an automatic pricing system for petroleum products. The board meeting of the NOC held on Sunday passed the Automatic Pricing Procedure 2080.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">July 17: Nepal Oil Corporation(NOC) has implemented an automatic pricing system for petroleum products. The board meeting of the NOC held on Sunday passed the Automatic Pricing Procedure 2080. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">As per the meeting of the Board of Directors, the corporation will not keep any profit on cooking gas (LPG). The board has decided to sell diesel with a profit margin of 2% and petrol with a profit margin 2.5%. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of petroleum products was slashed as per the automatic pricing system as the Indian Oil Corporation has sent the price list with price adjustment.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The corporation has reduced the price of petrol by Rs 6 per liter. Starting from Sunday midnight, petrol will be available in Kathmandu at Rs 164 per liter. However, in the districts of Tarai and Inner Madhes, petrol will be priced at Rs 161.50 and Rs 163, respectively.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of diesel and kerosene has been reduced by Rs 4 per liter. According to the new prices, one liter of diesel/kerosene will be available in Kathmandu at Rs 146. In the districts of Tarai, the price of both fuels will be available at Rs 143.50, and in Inner Madhes, it will be Rs 145.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of cooking gas has been reduced by Rs 10 per cylinder, and fixed at Rs 1,790.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to the Chairman of Board of Directors at Nepal Oil Corporations and Secretary at the Ministry of Commerce and Supplies, Madhukumar Marasini, after the implementation of the automatic pricing system, when the cost increases, the selling price also increases, and when the cost decreases, the selling price decreases. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The Executive Director of the Corporation, Umesh Prasad Thani, however, said that price of aviation fuel will not be automatically adjusted. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to him, the price of aviation fuel will be determined by the NOC Board of Directors. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to the NOC, petrol will be cheaper in Birgunj than in Raxaul, India, by Rs 13.27 per liter. Kerosene and diesel will be cheaper by Rs 9.94 per liter.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18210', 'image' => '20230717060044_collage (3).jpg', 'article_date' => '2023-07-17 05:58:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '18479', 'article_category_id' => '1', 'title' => 'NEPSE Bids Farewell to Fiscal year 2022-2023 on a Positive Note ', 'sub_title' => '', 'summary' => 'On the last trading day of the current fiscal year 2022/23, the Nepal Stock Exchange(NEPSE) witnessed a rise of 12.16 points or 0.58 percent and ended on the positive note on Sunday(today).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 16: On the last trading day of the current fiscal year 2022/23, the Nepal Stock Exchange(NEPSE) witnessed a rise of 12.16 points or 0.58 percent and ended on the positive note on Sunday(today).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The NEPSE Index closed at 2097.09. Despite rise of the index, transaction amount, however, slumped. The index recorded the transaction amount of Rs 2.37 billion today against the total transaction of Rs 3.39 billion yesterday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A total of 7,184,254 shares of 286 companies were traded, amounting to Rs 2.37 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The sensitive index experienced a growth of 0.74 per cent and float Index rose 0.63 percent, while Sensitive Float Index increased by 0.85 percent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sunrise Focused Equity Fund(SFEF) experienced the highest growth in unit price, increasing by 10 percent and technically hit the positive circuit, while NIBL GF rose by 9.92 percent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, Liberty Energy Company's shares lost the most. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Shares of the Shivam Cements Limited traded the most in terms of transaction amount closing at the price of Rs 651.50 per share. Total transaction amount of the SHIVM stood at Rs 19.31 crocres.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of the 13 sub-indices, the index of five groups decreased, while the rest of the sub-indices increased during today’s trading. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of the total sectoral indices, Mutual Fund Group reported the rise of 2.06% , while Hydropower sector the highest decline of 0.73%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18209', 'image' => '20230716050141_collage (3).jpg', 'article_date' => '2023-07-16 16:59:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '18478', 'article_category_id' => '1', 'title' => 'President Ram Chandra Paudel Certifies Three Bills Related to Budget ', 'sub_title' => '', 'summary' => 'President Ramchandra Paudel has officially certified three bills related to the budget.', 'content' => '<p>July 17: President Ramchandra Paudel has officially certified three bills related to the budget.</p> <p>The bills, namely the Appropriation Bill, 2080; the Finance Bill, 2080; and the Bill to Raise National Debt, 2080, were given assent by the President.</p> <p>This action comes after the bills were passed by the Federal Parliament and presented to the President for approval.</p> <p>Shailaja Regmi Bhattarai, the spokesperson for the Office of the President, confirmed that the President certified three bills in accordance with Article 113 (1) of the Constitution of Nepal. </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18208', 'image' => '20230716044618_collage (1).jpg', 'article_date' => '2023-07-16 16:42:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '18476', 'article_category_id' => '1', 'title' => 'Nepal Tourism Board to Spend Around Rs 1 Billion in Promotional Activities', 'sub_title' => '', 'summary' => 'July 16: The Nepal Tourism Board (NTB) is preparing to spend a budget of Rs 1 billion for overseas promotional activities in the upcoming fiscal year.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">July 16: The Nepal Tourism Board (NTB) is preparing to spend a budget of Rs 1 billion for overseas promotional activities in the upcoming fiscal year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">With the target of welcoming more than 1 million tourists in Nepal in the fiscal year 2023/24, the NTB is preparing to announce a budget of Rs 1.25 billion next year. NTB officials said that 80 percent of the budget will be spent on tourism promotion in the international market. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">According to NTB Director Mani Raj Lamichhane, the board is preparing to launch promotional activities to bring back the tourism business that was hit hard by the Covid-19 pandemic to normalcy.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">“Around 80 percent of the budget for the next fiscal year will be spent on tourism promotion in the international market,” said Lamichhane, adding, “The remaining amount will be spent on domestic tourism promotion and infrastructure development.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">According to him, the board will give priority in promotional activities in India, China, Singapore, Malaysia and other South East Asian countries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">“Priorities will also be given to the USA and the UK which have been contributing to the tourism sector of Nepal since a long time,” said Lamichhane.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The NTB is also planning to promote tourism in Australia as the country’s flag carrier Nepal Airlines Corporation is planning to start direct flights to Australia in the near future.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18207', 'image' => '20230716033046_Nepal-Tourism-Board.jpg', 'article_date' => '2023-07-16 15:29:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18477', 'article_category_id' => '1', 'title' => 'Experts Suggest Taking Precautionary Measures against Dengue', 'sub_title' => '', 'summary' => 'July 16: With at least 1,192 cases of dengue and one fatality from the viral infection recorded in the past four months, experts have suggested one and all to remain safe from it and prevent further spread of the viral infection. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 16: With at least 1,192 cases of dengue and one fatality from the viral infection recorded in the past four months, experts have suggested one and all to remain safe from it and prevent further spread of the viral infection. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking at an interaction organized by the Ministry of Health and Population, Director of the Epidemiology and Disease Control Division Dr Rudra Marasini cautioned all towards increasing cases of dengue and the likelihood of it becoming an epidemic at any time. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dr Marasini shared that a total of 1,192 people were infected with dengue as of July 8, adding that many of the cases could have gone unrecorded and unreported to the ministry. The statistic does not include those without symptoms and going to private health facility for treatment, he said, estimating higher number of cases in reality than the statistic. Similarly, Dipendra Raman Singh, director general of Department of Health Services, shared that the ministry was working with coordinated efforts with three-tier government for prevention and cure of dengue. He suggested destroying the possible places where the dengue-transmitting mosquitoes could lay eggs, including tyres, utensils or any containers. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The mosquito-borne viral infection is transmitted to human from mosquitos of Aedes species. Dengue was first reported in the country in 2004. Last year, 54,784 cases of dengue were reported in the country with 88 fatalities. A majority of the dengue cases (77 per cent) were reported from Bagmati Province. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">With the rise in mercury level in mountainous region due to climate change, dengue cases have been detected in places where it was never reported before. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Province Health Service Directorate, Surkhet, dengue patients have been detected in Humla, Jumla, Mugu and Dolpa in recent years</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dengue Control Source Person and vector control officer of the directorate, Shyam Lal Acharya said mountainous region is becoming favourable for lifecycle of mosquitoes. Acharya requested all to adopt precaution as dengue-carrying mosquitoes are active till mid-October.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">High fever, severe headache, pain behind the eyes, nausea and rash among others are the symptoms of dengue, said senior consultant Dr Bimal Chalise. Dr Chalise suggested admitting the patients with severe dengue infection in healthcare facilities at the earliest. -- RSS</span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-19', 'keywords' => '', 'description' => '', 'sortorder' => '18206', 'image' => '20230716033200_20230707014653_dengue-test_650x400_61442241844.jpg', 'article_date' => '2023-07-16 15:31:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18475', 'article_category_id' => '1', 'title' => 'Banks to Fix Interest Rates themselves after One and a Half Years', 'sub_title' => '', 'summary' => 'July 16: Commercial banks have been given the responsibility of determining the interest rate on deposits on their own after one and a half years.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">July 16: Commercial banks have been given the responsibility of determining the interest rate on deposits on their own after one and a half years.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">As the liquidity in the financial system has eased, the Nepal Bankers' Association (NBA) has decided that the banks will be able to set their own interest rates from mid-July.</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 chief executive officer of NBA, Anil Sharma said that since the banks have plenty of liquidity and the demand for loans is low, it has been decided that the banks can determine the interest rate on deposits based on the condition of the bank. </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 association had reached a gentlemen’s agreement in fixing the interest rate after unhealthy competition among banks resulted in exorbitant interest rates in the past. But now, as that the situation has eased, it has been decided that the banks will be able to set the interest rates themselves,” said Sharma. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Nepal Rastra Bank (NRB) had issued a verbal instruction to the banks to set the interest rates within a single digit in November 2021 after the interest rate on deposits of commercial banks reached almost 12 percent due to lack of liquidity.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Issuing a formal directive, NRB then made arrangements so that the banks could increase or decrease the interest rates only by 10 percent compared to the previous month’s interest rate.</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 NBA had been fixing the maximum interest rate of banks since October 2021.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">It has been learnt that the banks are preparing to lower the interest rate on deposits after mid-July. Such a decision was taken as the banks have excess liquidity at present due to high deposit collection and low credit flow.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">As of last Tuesday, banks and financial institutions had collected deposits of Rs 5736 billion and provided loans of Rs 4854 billion rupees.</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 average credit-deposit ratio (CD ratio) of banks also fell to 81.69 percent due to non-disbursement of loans compared to deposit collection. As banks can give loans by maintaining up to 90 percent CD ratio, they still have the ability to give more than Rs 4.5 billion as loans. However, due to high interest rates and contraction in economic activity, banks have not been able to expand credit flow.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18205', 'image' => '20230716030944_Banks.jpg', 'article_date' => '2023-07-16 15:08:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18474', 'article_category_id' => '1', 'title' => 'CAAN Suspends Non-Essential Helicopter Flights during Monsoon', 'sub_title' => '', 'summary' => 'July 16: Following the crash of a Manang Air helicopter last week, the Civil Aviation Authority of Nepal (CAAN) has enforced new rules to ensure safety of helicopter flights, especially during the monsoon period.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">July 16: Following the crash of a Manang Air helicopter last week, the Civil Aviation Authority of Nepal (CAAN) has enforced new rules to ensure safety of helicopter flights, especially during the monsoon period.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The regulator of the aviation sector of Nepal has suspended non-essential flights such as mountain flights, external load operations (sling flights) and showering of flower until September. CAAN, however, clarified that rescue flights will not be hampered during thisperiod.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Issuing a recent notice, CAAN said that it will issue permission for helicopter operations, including rescue flights, to be centralized at Actual Time of Departure (ATD) during this monsoon. Such a rule will remain in force until September with periodic review in a weekly basis for the effectiveness of this provision.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">As per the new provisions, either the point of origin or destination during helicopter flights should be an aerodrome.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">CAAN also said that flight crew having share in the company shall not exercise privilege of license for all types of commercial flights.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The notice further states that CAAN has formed a team for daily control and supervision of helicopter and Short Take Off and Landing (STOL) operations.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The new regulation announced last week comes in the wake of the crash of the Manang Air helicopter with call sign 9N-AMV in Lamjura Pass of Solukhumbu district killing five Mexicans and the pilot on July 11.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18204', 'image' => '20230716022140_20230711121204_Manang-Air-27-1024x683.jpg', 'article_date' => '2023-07-16 14:21:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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The major areas of our discussion were energy, expansion of transmission line, climate change, health and food security and technology," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Saud left here for Bangkok on Sunday to attend the BIMSTEC Foreign Ministers’ Retreat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal, India, Bhutan, Bangladesh, Sri Lanka, Thailand and Myanmar are the members of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Foreign Minister Saud also held a 'sideline' meeting with his Indian counterpart S Jaishankar in Bangkok on Monday, the Ministry of Foreign Affairs said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to RSS, Foreign Minister Saud will return to Kathmandu today (July 18). </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18218', 'image' => '20230718115729_bimstec.jpg', 'article_date' => '2023-07-18 11:56:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18487', 'article_category_id' => '1', 'title' => 'Banking Offense Up by Two Folds in Kathmandu: Police', 'sub_title' => '7,101 Cases of Banking Offense in Kathmandu Registered in Last FY ', 'summary' => 'July 18: Incidents of banking offense have been rising alarmingly in Kathmandu district lately. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: Incidents of banking offense have been rising alarmingly in Kathmandu district lately. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Altogether 7,101 cases of banking offense were recorded in the last fiscal year (FY 2022/23) against 3,715 in FY 2021/22. The District Police Range, Kathmandu shared this information amif a press conference on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSP Dan Bahadur Karki, chief of District Police Range Kathmandu, said that the banking offence cases have increased in Kathmandu by nearly two folds over the past two years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, there has been a surge in the cases of theft in the district, said SSP Karki, informing that 647 cases of thefts were recorded in the last fiscal year against 368 in the fiscal year 2021/22. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cases of murders have, however, decreased from 37 in the fiscal year 2021/22 to 27 in the fiscal year 2022/23, according to the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, a total of 368 cases related to the abuse of narcotic drugs or illegal sales and distribution of the narcotic drugs were registered within Kathmandu in the last fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The police data showed that 341 cases of suicide were recorded in the same period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSP Karki admitted that the police have not been able to deliver optimally in combating crime and criminal activities since many of the CCTV cameras, considered an important tool in crime investigation, installed in Kathmandu were malfunctioning presently. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the 1,077 CCTV cameras installed in the places under the scope of the District Police Range, Kathmandu, only 532 are operative at present, it was shared during the press conference. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18217', 'image' => '20230718111658_banking-offence -800.jpg', 'article_date' => '2023-07-18 11:16:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18486', 'article_category_id' => '1', 'title' => 'Luxury Tax on High-end Hotels and Precious Metals Comes into Force', 'sub_title' => '', 'summary' => 'The government has implemented a two percent luxury tax on specific services and goods. This decision, announced in the budget for the fiscal year 2023-24 presented on May 29, has now come into effect from July 17.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 18: The government has implemented a two percent luxury tax on specific services and goods. This decision, announced in the budget for the fiscal year 2023-24 presented on May 29, has now come into effect from July 17.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The luxury tax will be applicable to high-end hotels and resorts offering services and imported liquors and precious metals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Four and five-star hotels and resorts will now charge an additional two percent to their clients for the services provided, starting from mid-July.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The tax will be imposed on precious metal and stone ornaments, including gold, diamonds, pearls, and gems, valued at over Rs 1 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For imported alcoholic products, the tax will be levied at the customs point during transportation.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Failure to pay the luxury tax will result in the tax amount being recovered along with a 15 percent annual interest rate. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Additionally, individuals or entities responsible for paying the luxury tax are required to submit a statement related to the tax. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Failure to submit the statement will result in a fine of 2.5 percent annually until the details are provided.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The implementation of the luxury tax aims to generate revenue for the government and regulate the luxury goods and services sector.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18216', 'image' => '20230718060648_collage (6).jpg', 'article_date' => '2023-07-18 06:03:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '18485', 'article_category_id' => '1', 'title' => 'Nepal Airlines Corporation Pays Rs 830.95 Million to EPF, CIT', 'sub_title' => '', 'summary' => 'Nepal Airlines Corporation (NAC) has made a payment of Rs 830.95 million to the Employees Provident Fund (EPF) and Citizen Investment Trust (CIT).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 18: Nepal Airlines Corporation (NAC) has made a payment of Rs 830.95 million to the Employees Provident Fund (EPF) and Citizen Investment Trust (CIT). </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The payment was made as the loan installment for the last month of the previous fiscal year. The loan was originally taken from EPF and CIT to acquire two narrow-body and two wide-body aircrafts.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In addition to this recent payment, NAC had previously paid Rs 2.94 billion in installment amounts between June 15, 2022, and April 13, 2023. This payment covered a period of almost 11 months.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NAC's press release stated that the corporation has experienced business expansion and improvement in its income compared to previous years. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides repaying the EPF and CIT loans, NAC has also settled arrears with various agencies. The corporation continues to make installment payments to EPF and CIT.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NAC has further revealed that an action plan has been initiated to procure three small-size aircraft using its internal resources. The objective behind this plan is to provide services in remote areas, considering the immediate need.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18215', 'image' => '20230718054513_collage (4).jpg', 'article_date' => '2023-07-18 05:43:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '18484', 'article_category_id' => '1', 'title' => 'DoTM Reduces Public Transport Fare by Three Percent ', 'sub_title' => '', 'summary' => 'July 17: The government has revised the public transportation fares after the prices of petroleum produced declined.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 17: The government has revised the public transportation fares after the prices of petroleum produced declined. The Department of Transport Management (DoTM) has reduced the fares by around three percent with a fall in the prices of petroleum products. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The fares were adjusted as per the 'automatic pricing system' that has been in force since March 31, 2022. The DoTM said that the revised price has come into effect from Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DoTM took this decision after the price of diesel fell by Rs 4 per liter and petrol by Rs 6 per liter on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to DoTM, the fare of passenger vehicles has been reduced by 2.13 percent and cargo containers by 2.78 in the hills and 3.09 in the Terai.</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"">DoTM’s Director General Narayan Prasad Bhattarai told the state-owned RSS that the Transport Management Office and the Traffic Police Division will monitor the implementation of the revised fares list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Physical Infrastructure and Transport, Prakash Jwala, said new provision was made in regard with the working procedures related to the scientific fare adjustment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the automatic pricing mechanism, the adjustment in fare is required when there is a fall or rise in the price of petroleum products exceeding five percent. </span></span></span></p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18214', 'image' => '20230717073249_20220518063257_TransportMCC.jpg', 'article_date' => '2023-07-17 19:31:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18483', 'article_category_id' => '1', 'title' => 'Domestic Airfares Go Up as VAT is Implemented', 'sub_title' => '', 'summary' => 'Domestic airline companies in Nepal have introduced the inclusion of value-added tax (VAT) on their services starting from Monday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: Domestic airline companies in Nepal have introduced the inclusion of value-added tax (VAT) on their services starting from Monday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Airlines Operators Association of Nepal released a press statement to inform the public about their decision, aligning with the budget for the current fiscal year 2023-24.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">As a result of this VAT implementation, domestic airfares have risen by up to six percent. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Passengers will now experience a slight increase in the costs of domestic air travel due to the inclusion of VAT.</span></span></p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18213', 'image' => '20230717053202_collage (8).jpg', 'article_date' => '2023-07-17 17:30:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18482', 'article_category_id' => '1', 'title' => 'Laxmi Premium Motors Launches BMW iX3 Electric SAV in Nepal', 'sub_title' => '', 'summary' => 'Laxmi Premium Motors, the exclusive importer and distributor of BMW vehicles in Nepal, has unveiled the highly anticipated BMW iX3 Electric SAV (Sports Activity Vehicle) in the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: Laxmi Premium Motors, the exclusive importer and distributor of BMW vehicles in Nepal, has unveiled the highly anticipated BMW iX3 Electric SAV (Sports Activity Vehicle) in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This move marks a significant step in Nepal's automotive industry and highlights BMW's commitment to sustainable mobility.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The BMW iX3 comes equipped with an impressive gross high-voltage battery capacity of 80 kWh, providing a range of up to 460 kilometers in a WLTP cycle.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Charging the battery from 0 to 80 percent takes approximately 34 minutes using a 150 kW DC fast charger, setting a new industry benchmark. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The vehicle's rear-wheel drive motor, powered by Gen 5.0 eDrive Technology, delivers a remarkable 210 kW of power and a maximum torque of 400 Nm, ensuring an exhilarating driving experience.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To enhance the overall driving pleasure, the BMW iX3 features the Harmon Kardon Surround system with 16 speakers, delivering an exceptional sound experience. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The panoramic glass roof adds a touch of luxury while offering a wide view of the sky. Seamless wireless smartphone integration, supporting both Apple CarPlay and Android Auto, allows for effortless connectivity.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The BMW iX3's stylish design is complemented by 20-inch M Aerodynamic wheels, elevating its aesthetic appeal. As a pioneer of innovation, BMW has meticulously crafted every aspect of the vehicle to create a sustainable ecosystem, aiming to reduce its environmental impact while providing exceptional driving experiences.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company's dedication to sustainability is evident in the selection of renewable resources and the implementation of energy-efficient systems, highlighting their commitment to a greener future.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With its outstanding performance and environmental consciousness, the BMW iX3 Electric SAV sets new standards for electric vehicles. Laxmi Premium Motors, which established a world-class sales and service setup in Kathmandu in 2020, currently offers a range of BMW models.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The introduction of the BMW iX3 is expected to strengthen the company's presence in the premium electric vehicle segment in Nepal, further contributing to a cleaner and greener future.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18212', 'image' => '20230717045253_collage (7).jpg', 'article_date' => '2023-07-17 16:50:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18481', 'article_category_id' => '1', 'title' => 'Government Spends Around 80 Percent of Budget in the Last Fiscal Year', 'sub_title' => '', 'summary' => 'In the fiscal year 2022/23, the federal government of Nepal has spent approximately 80 percent of the planned annual budget.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: In the fiscal year 2022/23, the federal government of Nepal has spent approximately 80 percent of the planned annual budget. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government had allocated a budget of Rs 1783 billion 736.3 million for the last fiscal year. As the fiscal year draws to a close, public spending has accounted for 79.69 percent, equivalent to Rs 1429 billion 564 million, according to the Financial Comptroller General Office.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The breakdown of public spending reveals that 85 percent of the recurrent budget, 61 percent of the capitalized budget, and 82.58 percent of financial management expenditures were utilized.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Under the recurrent budget heading, out of the allocated budget of around Rs 1183 billion, Rs 1005 billion 760 million was spent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the capital expenditure category, Rs 233 billion 696 million was utilized out of the allocated budget of Rs 380 billion 384.5 million. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The FCGO data further discloses that Rs 190 billion 108.7 million was spent out of Rs 230 billion 217.7 million allocated for financial management.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the last fiscal year, the government's revenue collection fell short of the planned budget expenses, with only 71 percent of the target being achieved. Consequently, a budget deficit of Rs 397 billion 872 million was recorded.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18211', 'image' => '20230717043349_collage (6).jpg', 'article_date' => '2023-07-17 16:29:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18480', 'article_category_id' => '1', 'title' => 'NOC Slashes Prices of Petroleum Products', 'sub_title' => '', 'summary' => 'Nepal Oil Corporation(NOC) has implemented an automatic pricing system for petroleum products. The board meeting of the NOC held on Sunday passed the Automatic Pricing Procedure 2080.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">July 17: Nepal Oil Corporation(NOC) has implemented an automatic pricing system for petroleum products. The board meeting of the NOC held on Sunday passed the Automatic Pricing Procedure 2080. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">As per the meeting of the Board of Directors, the corporation will not keep any profit on cooking gas (LPG). The board has decided to sell diesel with a profit margin of 2% and petrol with a profit margin 2.5%. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of petroleum products was slashed as per the automatic pricing system as the Indian Oil Corporation has sent the price list with price adjustment.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The corporation has reduced the price of petrol by Rs 6 per liter. Starting from Sunday midnight, petrol will be available in Kathmandu at Rs 164 per liter. However, in the districts of Tarai and Inner Madhes, petrol will be priced at Rs 161.50 and Rs 163, respectively.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of diesel and kerosene has been reduced by Rs 4 per liter. According to the new prices, one liter of diesel/kerosene will be available in Kathmandu at Rs 146. In the districts of Tarai, the price of both fuels will be available at Rs 143.50, and in Inner Madhes, it will be Rs 145.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of cooking gas has been reduced by Rs 10 per cylinder, and fixed at Rs 1,790.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to the Chairman of Board of Directors at Nepal Oil Corporations and Secretary at the Ministry of Commerce and Supplies, Madhukumar Marasini, after the implementation of the automatic pricing system, when the cost increases, the selling price also increases, and when the cost decreases, the selling price decreases. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The Executive Director of the Corporation, Umesh Prasad Thani, however, said that price of aviation fuel will not be automatically adjusted. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to him, the price of aviation fuel will be determined by the NOC Board of Directors. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to the NOC, petrol will be cheaper in Birgunj than in Raxaul, India, by Rs 13.27 per liter. Kerosene and diesel will be cheaper by Rs 9.94 per liter.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18210', 'image' => '20230717060044_collage (3).jpg', 'article_date' => '2023-07-17 05:58:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '18479', 'article_category_id' => '1', 'title' => 'NEPSE Bids Farewell to Fiscal year 2022-2023 on a Positive Note ', 'sub_title' => '', 'summary' => 'On the last trading day of the current fiscal year 2022/23, the Nepal Stock Exchange(NEPSE) witnessed a rise of 12.16 points or 0.58 percent and ended on the positive note on Sunday(today).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 16: On the last trading day of the current fiscal year 2022/23, the Nepal Stock Exchange(NEPSE) witnessed a rise of 12.16 points or 0.58 percent and ended on the positive note on Sunday(today).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The NEPSE Index closed at 2097.09. Despite rise of the index, transaction amount, however, slumped. The index recorded the transaction amount of Rs 2.37 billion today against the total transaction of Rs 3.39 billion yesterday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A total of 7,184,254 shares of 286 companies were traded, amounting to Rs 2.37 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The sensitive index experienced a growth of 0.74 per cent and float Index rose 0.63 percent, while Sensitive Float Index increased by 0.85 percent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sunrise Focused Equity Fund(SFEF) experienced the highest growth in unit price, increasing by 10 percent and technically hit the positive circuit, while NIBL GF rose by 9.92 percent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, Liberty Energy Company's shares lost the most. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Shares of the Shivam Cements Limited traded the most in terms of transaction amount closing at the price of Rs 651.50 per share. Total transaction amount of the SHIVM stood at Rs 19.31 crocres.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of the 13 sub-indices, the index of five groups decreased, while the rest of the sub-indices increased during today’s trading. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of the total sectoral indices, Mutual Fund Group reported the rise of 2.06% , while Hydropower sector the highest decline of 0.73%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18209', 'image' => '20230716050141_collage (3).jpg', 'article_date' => '2023-07-16 16:59:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '18478', 'article_category_id' => '1', 'title' => 'President Ram Chandra Paudel Certifies Three Bills Related to Budget ', 'sub_title' => '', 'summary' => 'President Ramchandra Paudel has officially certified three bills related to the budget.', 'content' => '<p>July 17: President Ramchandra Paudel has officially certified three bills related to the budget.</p> <p>The bills, namely the Appropriation Bill, 2080; the Finance Bill, 2080; and the Bill to Raise National Debt, 2080, were given assent by the President.</p> <p>This action comes after the bills were passed by the Federal Parliament and presented to the President for approval.</p> <p>Shailaja Regmi Bhattarai, the spokesperson for the Office of the President, confirmed that the President certified three bills in accordance with Article 113 (1) of the Constitution of Nepal. </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18208', 'image' => '20230716044618_collage (1).jpg', 'article_date' => '2023-07-16 16:42:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '18476', 'article_category_id' => '1', 'title' => 'Nepal Tourism Board to Spend Around Rs 1 Billion in Promotional Activities', 'sub_title' => '', 'summary' => 'July 16: The Nepal Tourism Board (NTB) is preparing to spend a budget of Rs 1 billion for overseas promotional activities in the upcoming fiscal year.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">July 16: The Nepal Tourism Board (NTB) is preparing to spend a budget of Rs 1 billion for overseas promotional activities in the upcoming fiscal year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">With the target of welcoming more than 1 million tourists in Nepal in the fiscal year 2023/24, the NTB is preparing to announce a budget of Rs 1.25 billion next year. NTB officials said that 80 percent of the budget will be spent on tourism promotion in the international market. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">According to NTB Director Mani Raj Lamichhane, the board is preparing to launch promotional activities to bring back the tourism business that was hit hard by the Covid-19 pandemic to normalcy.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">“Around 80 percent of the budget for the next fiscal year will be spent on tourism promotion in the international market,” said Lamichhane, adding, “The remaining amount will be spent on domestic tourism promotion and infrastructure development.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">According to him, the board will give priority in promotional activities in India, China, Singapore, Malaysia and other South East Asian countries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">“Priorities will also be given to the USA and the UK which have been contributing to the tourism sector of Nepal since a long time,” said Lamichhane.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The NTB is also planning to promote tourism in Australia as the country’s flag carrier Nepal Airlines Corporation is planning to start direct flights to Australia in the near future.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18207', 'image' => '20230716033046_Nepal-Tourism-Board.jpg', 'article_date' => '2023-07-16 15:29:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18477', 'article_category_id' => '1', 'title' => 'Experts Suggest Taking Precautionary Measures against Dengue', 'sub_title' => '', 'summary' => 'July 16: With at least 1,192 cases of dengue and one fatality from the viral infection recorded in the past four months, experts have suggested one and all to remain safe from it and prevent further spread of the viral infection. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 16: With at least 1,192 cases of dengue and one fatality from the viral infection recorded in the past four months, experts have suggested one and all to remain safe from it and prevent further spread of the viral infection. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking at an interaction organized by the Ministry of Health and Population, Director of the Epidemiology and Disease Control Division Dr Rudra Marasini cautioned all towards increasing cases of dengue and the likelihood of it becoming an epidemic at any time. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dr Marasini shared that a total of 1,192 people were infected with dengue as of July 8, adding that many of the cases could have gone unrecorded and unreported to the ministry. The statistic does not include those without symptoms and going to private health facility for treatment, he said, estimating higher number of cases in reality than the statistic. Similarly, Dipendra Raman Singh, director general of Department of Health Services, shared that the ministry was working with coordinated efforts with three-tier government for prevention and cure of dengue. He suggested destroying the possible places where the dengue-transmitting mosquitoes could lay eggs, including tyres, utensils or any containers. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The mosquito-borne viral infection is transmitted to human from mosquitos of Aedes species. Dengue was first reported in the country in 2004. Last year, 54,784 cases of dengue were reported in the country with 88 fatalities. A majority of the dengue cases (77 per cent) were reported from Bagmati Province. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">With the rise in mercury level in mountainous region due to climate change, dengue cases have been detected in places where it was never reported before. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Province Health Service Directorate, Surkhet, dengue patients have been detected in Humla, Jumla, Mugu and Dolpa in recent years</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dengue Control Source Person and vector control officer of the directorate, Shyam Lal Acharya said mountainous region is becoming favourable for lifecycle of mosquitoes. Acharya requested all to adopt precaution as dengue-carrying mosquitoes are active till mid-October.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">High fever, severe headache, pain behind the eyes, nausea and rash among others are the symptoms of dengue, said senior consultant Dr Bimal Chalise. Dr Chalise suggested admitting the patients with severe dengue infection in healthcare facilities at the earliest. -- RSS</span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-19', 'keywords' => '', 'description' => '', 'sortorder' => '18206', 'image' => '20230716033200_20230707014653_dengue-test_650x400_61442241844.jpg', 'article_date' => '2023-07-16 15:31:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18475', 'article_category_id' => '1', 'title' => 'Banks to Fix Interest Rates themselves after One and a Half Years', 'sub_title' => '', 'summary' => 'July 16: Commercial banks have been given the responsibility of determining the interest rate on deposits on their own after one and a half years.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">July 16: Commercial banks have been given the responsibility of determining the interest rate on deposits on their own after one and a half years.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">As the liquidity in the financial system has eased, the Nepal Bankers' Association (NBA) has decided that the banks will be able to set their own interest rates from mid-July.</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 chief executive officer of NBA, Anil Sharma said that since the banks have plenty of liquidity and the demand for loans is low, it has been decided that the banks can determine the interest rate on deposits based on the condition of the bank. </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 association had reached a gentlemen’s agreement in fixing the interest rate after unhealthy competition among banks resulted in exorbitant interest rates in the past. But now, as that the situation has eased, it has been decided that the banks will be able to set the interest rates themselves,” said Sharma. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Nepal Rastra Bank (NRB) had issued a verbal instruction to the banks to set the interest rates within a single digit in November 2021 after the interest rate on deposits of commercial banks reached almost 12 percent due to lack of liquidity.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Issuing a formal directive, NRB then made arrangements so that the banks could increase or decrease the interest rates only by 10 percent compared to the previous month’s interest rate.</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 NBA had been fixing the maximum interest rate of banks since October 2021.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">It has been learnt that the banks are preparing to lower the interest rate on deposits after mid-July. Such a decision was taken as the banks have excess liquidity at present due to high deposit collection and low credit flow.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">As of last Tuesday, banks and financial institutions had collected deposits of Rs 5736 billion and provided loans of Rs 4854 billion rupees.</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 average credit-deposit ratio (CD ratio) of banks also fell to 81.69 percent due to non-disbursement of loans compared to deposit collection. As banks can give loans by maintaining up to 90 percent CD ratio, they still have the ability to give more than Rs 4.5 billion as loans. However, due to high interest rates and contraction in economic activity, banks have not been able to expand credit flow.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18205', 'image' => '20230716030944_Banks.jpg', 'article_date' => '2023-07-16 15:08:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18474', 'article_category_id' => '1', 'title' => 'CAAN Suspends Non-Essential Helicopter Flights during Monsoon', 'sub_title' => '', 'summary' => 'July 16: Following the crash of a Manang Air helicopter last week, the Civil Aviation Authority of Nepal (CAAN) has enforced new rules to ensure safety of helicopter flights, especially during the monsoon period.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">July 16: Following the crash of a Manang Air helicopter last week, the Civil Aviation Authority of Nepal (CAAN) has enforced new rules to ensure safety of helicopter flights, especially during the monsoon period.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The regulator of the aviation sector of Nepal has suspended non-essential flights such as mountain flights, external load operations (sling flights) and showering of flower until September. CAAN, however, clarified that rescue flights will not be hampered during thisperiod.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Issuing a recent notice, CAAN said that it will issue permission for helicopter operations, including rescue flights, to be centralized at Actual Time of Departure (ATD) during this monsoon. Such a rule will remain in force until September with periodic review in a weekly basis for the effectiveness of this provision.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">As per the new provisions, either the point of origin or destination during helicopter flights should be an aerodrome.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">CAAN also said that flight crew having share in the company shall not exercise privilege of license for all types of commercial flights.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The notice further states that CAAN has formed a team for daily control and supervision of helicopter and Short Take Off and Landing (STOL) operations.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The new regulation announced last week comes in the wake of the crash of the Manang Air helicopter with call sign 9N-AMV in Lamjura Pass of Solukhumbu district killing five Mexicans and the pilot on July 11.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18204', 'image' => '20230716022140_20230711121204_Manang-Air-27-1024x683.jpg', 'article_date' => '2023-07-16 14:21:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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The major areas of our discussion were energy, expansion of transmission line, climate change, health and food security and technology," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Saud left here for Bangkok on Sunday to attend the BIMSTEC Foreign Ministers’ Retreat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal, India, Bhutan, Bangladesh, Sri Lanka, Thailand and Myanmar are the members of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Foreign Minister Saud also held a 'sideline' meeting with his Indian counterpart S Jaishankar in Bangkok on Monday, the Ministry of Foreign Affairs said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to RSS, Foreign Minister Saud will return to Kathmandu today (July 18). </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18218', 'image' => '20230718115729_bimstec.jpg', 'article_date' => '2023-07-18 11:56:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18487', 'article_category_id' => '1', 'title' => 'Banking Offense Up by Two Folds in Kathmandu: Police', 'sub_title' => '7,101 Cases of Banking Offense in Kathmandu Registered in Last FY ', 'summary' => 'July 18: Incidents of banking offense have been rising alarmingly in Kathmandu district lately. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: Incidents of banking offense have been rising alarmingly in Kathmandu district lately. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Altogether 7,101 cases of banking offense were recorded in the last fiscal year (FY 2022/23) against 3,715 in FY 2021/22. The District Police Range, Kathmandu shared this information amif a press conference on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSP Dan Bahadur Karki, chief of District Police Range Kathmandu, said that the banking offence cases have increased in Kathmandu by nearly two folds over the past two years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, there has been a surge in the cases of theft in the district, said SSP Karki, informing that 647 cases of thefts were recorded in the last fiscal year against 368 in the fiscal year 2021/22. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cases of murders have, however, decreased from 37 in the fiscal year 2021/22 to 27 in the fiscal year 2022/23, according to the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, a total of 368 cases related to the abuse of narcotic drugs or illegal sales and distribution of the narcotic drugs were registered within Kathmandu in the last fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The police data showed that 341 cases of suicide were recorded in the same period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSP Karki admitted that the police have not been able to deliver optimally in combating crime and criminal activities since many of the CCTV cameras, considered an important tool in crime investigation, installed in Kathmandu were malfunctioning presently. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the 1,077 CCTV cameras installed in the places under the scope of the District Police Range, Kathmandu, only 532 are operative at present, it was shared during the press conference. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18217', 'image' => '20230718111658_banking-offence -800.jpg', 'article_date' => '2023-07-18 11:16:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18486', 'article_category_id' => '1', 'title' => 'Luxury Tax on High-end Hotels and Precious Metals Comes into Force', 'sub_title' => '', 'summary' => 'The government has implemented a two percent luxury tax on specific services and goods. This decision, announced in the budget for the fiscal year 2023-24 presented on May 29, has now come into effect from July 17.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 18: The government has implemented a two percent luxury tax on specific services and goods. This decision, announced in the budget for the fiscal year 2023-24 presented on May 29, has now come into effect from July 17.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The luxury tax will be applicable to high-end hotels and resorts offering services and imported liquors and precious metals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Four and five-star hotels and resorts will now charge an additional two percent to their clients for the services provided, starting from mid-July.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The tax will be imposed on precious metal and stone ornaments, including gold, diamonds, pearls, and gems, valued at over Rs 1 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For imported alcoholic products, the tax will be levied at the customs point during transportation.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Failure to pay the luxury tax will result in the tax amount being recovered along with a 15 percent annual interest rate. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Additionally, individuals or entities responsible for paying the luxury tax are required to submit a statement related to the tax. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Failure to submit the statement will result in a fine of 2.5 percent annually until the details are provided.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The implementation of the luxury tax aims to generate revenue for the government and regulate the luxury goods and services sector.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18216', 'image' => '20230718060648_collage (6).jpg', 'article_date' => '2023-07-18 06:03:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '18485', 'article_category_id' => '1', 'title' => 'Nepal Airlines Corporation Pays Rs 830.95 Million to EPF, CIT', 'sub_title' => '', 'summary' => 'Nepal Airlines Corporation (NAC) has made a payment of Rs 830.95 million to the Employees Provident Fund (EPF) and Citizen Investment Trust (CIT).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 18: Nepal Airlines Corporation (NAC) has made a payment of Rs 830.95 million to the Employees Provident Fund (EPF) and Citizen Investment Trust (CIT). </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The payment was made as the loan installment for the last month of the previous fiscal year. The loan was originally taken from EPF and CIT to acquire two narrow-body and two wide-body aircrafts.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In addition to this recent payment, NAC had previously paid Rs 2.94 billion in installment amounts between June 15, 2022, and April 13, 2023. This payment covered a period of almost 11 months.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NAC's press release stated that the corporation has experienced business expansion and improvement in its income compared to previous years. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides repaying the EPF and CIT loans, NAC has also settled arrears with various agencies. The corporation continues to make installment payments to EPF and CIT.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NAC has further revealed that an action plan has been initiated to procure three small-size aircraft using its internal resources. The objective behind this plan is to provide services in remote areas, considering the immediate need.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18215', 'image' => '20230718054513_collage (4).jpg', 'article_date' => '2023-07-18 05:43:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '18484', 'article_category_id' => '1', 'title' => 'DoTM Reduces Public Transport Fare by Three Percent ', 'sub_title' => '', 'summary' => 'July 17: The government has revised the public transportation fares after the prices of petroleum produced declined.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 17: The government has revised the public transportation fares after the prices of petroleum produced declined. The Department of Transport Management (DoTM) has reduced the fares by around three percent with a fall in the prices of petroleum products. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The fares were adjusted as per the 'automatic pricing system' that has been in force since March 31, 2022. The DoTM said that the revised price has come into effect from Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DoTM took this decision after the price of diesel fell by Rs 4 per liter and petrol by Rs 6 per liter on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to DoTM, the fare of passenger vehicles has been reduced by 2.13 percent and cargo containers by 2.78 in the hills and 3.09 in the Terai.</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"">DoTM’s Director General Narayan Prasad Bhattarai told the state-owned RSS that the Transport Management Office and the Traffic Police Division will monitor the implementation of the revised fares list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Physical Infrastructure and Transport, Prakash Jwala, said new provision was made in regard with the working procedures related to the scientific fare adjustment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the automatic pricing mechanism, the adjustment in fare is required when there is a fall or rise in the price of petroleum products exceeding five percent. </span></span></span></p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18214', 'image' => '20230717073249_20220518063257_TransportMCC.jpg', 'article_date' => '2023-07-17 19:31:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18483', 'article_category_id' => '1', 'title' => 'Domestic Airfares Go Up as VAT is Implemented', 'sub_title' => '', 'summary' => 'Domestic airline companies in Nepal have introduced the inclusion of value-added tax (VAT) on their services starting from Monday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: Domestic airline companies in Nepal have introduced the inclusion of value-added tax (VAT) on their services starting from Monday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Airlines Operators Association of Nepal released a press statement to inform the public about their decision, aligning with the budget for the current fiscal year 2023-24.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">As a result of this VAT implementation, domestic airfares have risen by up to six percent. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Passengers will now experience a slight increase in the costs of domestic air travel due to the inclusion of VAT.</span></span></p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18213', 'image' => '20230717053202_collage (8).jpg', 'article_date' => '2023-07-17 17:30:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18482', 'article_category_id' => '1', 'title' => 'Laxmi Premium Motors Launches BMW iX3 Electric SAV in Nepal', 'sub_title' => '', 'summary' => 'Laxmi Premium Motors, the exclusive importer and distributor of BMW vehicles in Nepal, has unveiled the highly anticipated BMW iX3 Electric SAV (Sports Activity Vehicle) in the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: Laxmi Premium Motors, the exclusive importer and distributor of BMW vehicles in Nepal, has unveiled the highly anticipated BMW iX3 Electric SAV (Sports Activity Vehicle) in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This move marks a significant step in Nepal's automotive industry and highlights BMW's commitment to sustainable mobility.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The BMW iX3 comes equipped with an impressive gross high-voltage battery capacity of 80 kWh, providing a range of up to 460 kilometers in a WLTP cycle.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Charging the battery from 0 to 80 percent takes approximately 34 minutes using a 150 kW DC fast charger, setting a new industry benchmark. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The vehicle's rear-wheel drive motor, powered by Gen 5.0 eDrive Technology, delivers a remarkable 210 kW of power and a maximum torque of 400 Nm, ensuring an exhilarating driving experience.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To enhance the overall driving pleasure, the BMW iX3 features the Harmon Kardon Surround system with 16 speakers, delivering an exceptional sound experience. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The panoramic glass roof adds a touch of luxury while offering a wide view of the sky. Seamless wireless smartphone integration, supporting both Apple CarPlay and Android Auto, allows for effortless connectivity.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The BMW iX3's stylish design is complemented by 20-inch M Aerodynamic wheels, elevating its aesthetic appeal. As a pioneer of innovation, BMW has meticulously crafted every aspect of the vehicle to create a sustainable ecosystem, aiming to reduce its environmental impact while providing exceptional driving experiences.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company's dedication to sustainability is evident in the selection of renewable resources and the implementation of energy-efficient systems, highlighting their commitment to a greener future.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With its outstanding performance and environmental consciousness, the BMW iX3 Electric SAV sets new standards for electric vehicles. Laxmi Premium Motors, which established a world-class sales and service setup in Kathmandu in 2020, currently offers a range of BMW models.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The introduction of the BMW iX3 is expected to strengthen the company's presence in the premium electric vehicle segment in Nepal, further contributing to a cleaner and greener future.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18212', 'image' => '20230717045253_collage (7).jpg', 'article_date' => '2023-07-17 16:50:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18481', 'article_category_id' => '1', 'title' => 'Government Spends Around 80 Percent of Budget in the Last Fiscal Year', 'sub_title' => '', 'summary' => 'In the fiscal year 2022/23, the federal government of Nepal has spent approximately 80 percent of the planned annual budget.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: In the fiscal year 2022/23, the federal government of Nepal has spent approximately 80 percent of the planned annual budget. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government had allocated a budget of Rs 1783 billion 736.3 million for the last fiscal year. As the fiscal year draws to a close, public spending has accounted for 79.69 percent, equivalent to Rs 1429 billion 564 million, according to the Financial Comptroller General Office.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The breakdown of public spending reveals that 85 percent of the recurrent budget, 61 percent of the capitalized budget, and 82.58 percent of financial management expenditures were utilized.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Under the recurrent budget heading, out of the allocated budget of around Rs 1183 billion, Rs 1005 billion 760 million was spent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the capital expenditure category, Rs 233 billion 696 million was utilized out of the allocated budget of Rs 380 billion 384.5 million. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The FCGO data further discloses that Rs 190 billion 108.7 million was spent out of Rs 230 billion 217.7 million allocated for financial management.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the last fiscal year, the government's revenue collection fell short of the planned budget expenses, with only 71 percent of the target being achieved. Consequently, a budget deficit of Rs 397 billion 872 million was recorded.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18211', 'image' => '20230717043349_collage (6).jpg', 'article_date' => '2023-07-17 16:29:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18480', 'article_category_id' => '1', 'title' => 'NOC Slashes Prices of Petroleum Products', 'sub_title' => '', 'summary' => 'Nepal Oil Corporation(NOC) has implemented an automatic pricing system for petroleum products. The board meeting of the NOC held on Sunday passed the Automatic Pricing Procedure 2080.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">July 17: Nepal Oil Corporation(NOC) has implemented an automatic pricing system for petroleum products. The board meeting of the NOC held on Sunday passed the Automatic Pricing Procedure 2080. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">As per the meeting of the Board of Directors, the corporation will not keep any profit on cooking gas (LPG). The board has decided to sell diesel with a profit margin of 2% and petrol with a profit margin 2.5%. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of petroleum products was slashed as per the automatic pricing system as the Indian Oil Corporation has sent the price list with price adjustment.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The corporation has reduced the price of petrol by Rs 6 per liter. Starting from Sunday midnight, petrol will be available in Kathmandu at Rs 164 per liter. However, in the districts of Tarai and Inner Madhes, petrol will be priced at Rs 161.50 and Rs 163, respectively.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of diesel and kerosene has been reduced by Rs 4 per liter. According to the new prices, one liter of diesel/kerosene will be available in Kathmandu at Rs 146. In the districts of Tarai, the price of both fuels will be available at Rs 143.50, and in Inner Madhes, it will be Rs 145.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of cooking gas has been reduced by Rs 10 per cylinder, and fixed at Rs 1,790.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to the Chairman of Board of Directors at Nepal Oil Corporations and Secretary at the Ministry of Commerce and Supplies, Madhukumar Marasini, after the implementation of the automatic pricing system, when the cost increases, the selling price also increases, and when the cost decreases, the selling price decreases. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The Executive Director of the Corporation, Umesh Prasad Thani, however, said that price of aviation fuel will not be automatically adjusted. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to him, the price of aviation fuel will be determined by the NOC Board of Directors. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to the NOC, petrol will be cheaper in Birgunj than in Raxaul, India, by Rs 13.27 per liter. Kerosene and diesel will be cheaper by Rs 9.94 per liter.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18210', 'image' => '20230717060044_collage (3).jpg', 'article_date' => '2023-07-17 05:58:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '18479', 'article_category_id' => '1', 'title' => 'NEPSE Bids Farewell to Fiscal year 2022-2023 on a Positive Note ', 'sub_title' => '', 'summary' => 'On the last trading day of the current fiscal year 2022/23, the Nepal Stock Exchange(NEPSE) witnessed a rise of 12.16 points or 0.58 percent and ended on the positive note on Sunday(today).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 16: On the last trading day of the current fiscal year 2022/23, the Nepal Stock Exchange(NEPSE) witnessed a rise of 12.16 points or 0.58 percent and ended on the positive note on Sunday(today).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The NEPSE Index closed at 2097.09. Despite rise of the index, transaction amount, however, slumped. The index recorded the transaction amount of Rs 2.37 billion today against the total transaction of Rs 3.39 billion yesterday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A total of 7,184,254 shares of 286 companies were traded, amounting to Rs 2.37 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The sensitive index experienced a growth of 0.74 per cent and float Index rose 0.63 percent, while Sensitive Float Index increased by 0.85 percent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sunrise Focused Equity Fund(SFEF) experienced the highest growth in unit price, increasing by 10 percent and technically hit the positive circuit, while NIBL GF rose by 9.92 percent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, Liberty Energy Company's shares lost the most. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Shares of the Shivam Cements Limited traded the most in terms of transaction amount closing at the price of Rs 651.50 per share. Total transaction amount of the SHIVM stood at Rs 19.31 crocres.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of the 13 sub-indices, the index of five groups decreased, while the rest of the sub-indices increased during today’s trading. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of the total sectoral indices, Mutual Fund Group reported the rise of 2.06% , while Hydropower sector the highest decline of 0.73%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18209', 'image' => '20230716050141_collage (3).jpg', 'article_date' => '2023-07-16 16:59:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '18478', 'article_category_id' => '1', 'title' => 'President Ram Chandra Paudel Certifies Three Bills Related to Budget ', 'sub_title' => '', 'summary' => 'President Ramchandra Paudel has officially certified three bills related to the budget.', 'content' => '<p>July 17: President Ramchandra Paudel has officially certified three bills related to the budget.</p> <p>The bills, namely the Appropriation Bill, 2080; the Finance Bill, 2080; and the Bill to Raise National Debt, 2080, were given assent by the President.</p> <p>This action comes after the bills were passed by the Federal Parliament and presented to the President for approval.</p> <p>Shailaja Regmi Bhattarai, the spokesperson for the Office of the President, confirmed that the President certified three bills in accordance with Article 113 (1) of the Constitution of Nepal. </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18208', 'image' => '20230716044618_collage (1).jpg', 'article_date' => '2023-07-16 16:42:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '18476', 'article_category_id' => '1', 'title' => 'Nepal Tourism Board to Spend Around Rs 1 Billion in Promotional Activities', 'sub_title' => '', 'summary' => 'July 16: The Nepal Tourism Board (NTB) is preparing to spend a budget of Rs 1 billion for overseas promotional activities in the upcoming fiscal year.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">July 16: The Nepal Tourism Board (NTB) is preparing to spend a budget of Rs 1 billion for overseas promotional activities in the upcoming fiscal year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">With the target of welcoming more than 1 million tourists in Nepal in the fiscal year 2023/24, the NTB is preparing to announce a budget of Rs 1.25 billion next year. NTB officials said that 80 percent of the budget will be spent on tourism promotion in the international market. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">According to NTB Director Mani Raj Lamichhane, the board is preparing to launch promotional activities to bring back the tourism business that was hit hard by the Covid-19 pandemic to normalcy.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">“Around 80 percent of the budget for the next fiscal year will be spent on tourism promotion in the international market,” said Lamichhane, adding, “The remaining amount will be spent on domestic tourism promotion and infrastructure development.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">According to him, the board will give priority in promotional activities in India, China, Singapore, Malaysia and other South East Asian countries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">“Priorities will also be given to the USA and the UK which have been contributing to the tourism sector of Nepal since a long time,” said Lamichhane.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The NTB is also planning to promote tourism in Australia as the country’s flag carrier Nepal Airlines Corporation is planning to start direct flights to Australia in the near future.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18207', 'image' => '20230716033046_Nepal-Tourism-Board.jpg', 'article_date' => '2023-07-16 15:29:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18477', 'article_category_id' => '1', 'title' => 'Experts Suggest Taking Precautionary Measures against Dengue', 'sub_title' => '', 'summary' => 'July 16: With at least 1,192 cases of dengue and one fatality from the viral infection recorded in the past four months, experts have suggested one and all to remain safe from it and prevent further spread of the viral infection. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 16: With at least 1,192 cases of dengue and one fatality from the viral infection recorded in the past four months, experts have suggested one and all to remain safe from it and prevent further spread of the viral infection. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking at an interaction organized by the Ministry of Health and Population, Director of the Epidemiology and Disease Control Division Dr Rudra Marasini cautioned all towards increasing cases of dengue and the likelihood of it becoming an epidemic at any time. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dr Marasini shared that a total of 1,192 people were infected with dengue as of July 8, adding that many of the cases could have gone unrecorded and unreported to the ministry. The statistic does not include those without symptoms and going to private health facility for treatment, he said, estimating higher number of cases in reality than the statistic. Similarly, Dipendra Raman Singh, director general of Department of Health Services, shared that the ministry was working with coordinated efforts with three-tier government for prevention and cure of dengue. He suggested destroying the possible places where the dengue-transmitting mosquitoes could lay eggs, including tyres, utensils or any containers. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The mosquito-borne viral infection is transmitted to human from mosquitos of Aedes species. Dengue was first reported in the country in 2004. Last year, 54,784 cases of dengue were reported in the country with 88 fatalities. A majority of the dengue cases (77 per cent) were reported from Bagmati Province. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">With the rise in mercury level in mountainous region due to climate change, dengue cases have been detected in places where it was never reported before. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Province Health Service Directorate, Surkhet, dengue patients have been detected in Humla, Jumla, Mugu and Dolpa in recent years</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dengue Control Source Person and vector control officer of the directorate, Shyam Lal Acharya said mountainous region is becoming favourable for lifecycle of mosquitoes. Acharya requested all to adopt precaution as dengue-carrying mosquitoes are active till mid-October.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">High fever, severe headache, pain behind the eyes, nausea and rash among others are the symptoms of dengue, said senior consultant Dr Bimal Chalise. Dr Chalise suggested admitting the patients with severe dengue infection in healthcare facilities at the earliest. -- RSS</span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-19', 'keywords' => '', 'description' => '', 'sortorder' => '18206', 'image' => '20230716033200_20230707014653_dengue-test_650x400_61442241844.jpg', 'article_date' => '2023-07-16 15:31:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18475', 'article_category_id' => '1', 'title' => 'Banks to Fix Interest Rates themselves after One and a Half Years', 'sub_title' => '', 'summary' => 'July 16: Commercial banks have been given the responsibility of determining the interest rate on deposits on their own after one and a half years.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">July 16: Commercial banks have been given the responsibility of determining the interest rate on deposits on their own after one and a half years.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">As the liquidity in the financial system has eased, the Nepal Bankers' Association (NBA) has decided that the banks will be able to set their own interest rates from mid-July.</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 chief executive officer of NBA, Anil Sharma said that since the banks have plenty of liquidity and the demand for loans is low, it has been decided that the banks can determine the interest rate on deposits based on the condition of the bank. </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 association had reached a gentlemen’s agreement in fixing the interest rate after unhealthy competition among banks resulted in exorbitant interest rates in the past. But now, as that the situation has eased, it has been decided that the banks will be able to set the interest rates themselves,” said Sharma. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Nepal Rastra Bank (NRB) had issued a verbal instruction to the banks to set the interest rates within a single digit in November 2021 after the interest rate on deposits of commercial banks reached almost 12 percent due to lack of liquidity.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Issuing a formal directive, NRB then made arrangements so that the banks could increase or decrease the interest rates only by 10 percent compared to the previous month’s interest rate.</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 NBA had been fixing the maximum interest rate of banks since October 2021.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">It has been learnt that the banks are preparing to lower the interest rate on deposits after mid-July. Such a decision was taken as the banks have excess liquidity at present due to high deposit collection and low credit flow.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">As of last Tuesday, banks and financial institutions had collected deposits of Rs 5736 billion and provided loans of Rs 4854 billion rupees.</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 average credit-deposit ratio (CD ratio) of banks also fell to 81.69 percent due to non-disbursement of loans compared to deposit collection. As banks can give loans by maintaining up to 90 percent CD ratio, they still have the ability to give more than Rs 4.5 billion as loans. However, due to high interest rates and contraction in economic activity, banks have not been able to expand credit flow.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18205', 'image' => '20230716030944_Banks.jpg', 'article_date' => '2023-07-16 15:08:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18474', 'article_category_id' => '1', 'title' => 'CAAN Suspends Non-Essential Helicopter Flights during Monsoon', 'sub_title' => '', 'summary' => 'July 16: Following the crash of a Manang Air helicopter last week, the Civil Aviation Authority of Nepal (CAAN) has enforced new rules to ensure safety of helicopter flights, especially during the monsoon period.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">July 16: Following the crash of a Manang Air helicopter last week, the Civil Aviation Authority of Nepal (CAAN) has enforced new rules to ensure safety of helicopter flights, especially during the monsoon period.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The regulator of the aviation sector of Nepal has suspended non-essential flights such as mountain flights, external load operations (sling flights) and showering of flower until September. CAAN, however, clarified that rescue flights will not be hampered during thisperiod.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Issuing a recent notice, CAAN said that it will issue permission for helicopter operations, including rescue flights, to be centralized at Actual Time of Departure (ATD) during this monsoon. Such a rule will remain in force until September with periodic review in a weekly basis for the effectiveness of this provision.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">As per the new provisions, either the point of origin or destination during helicopter flights should be an aerodrome.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">CAAN also said that flight crew having share in the company shall not exercise privilege of license for all types of commercial flights.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The notice further states that CAAN has formed a team for daily control and supervision of helicopter and Short Take Off and Landing (STOL) operations.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The new regulation announced last week comes in the wake of the crash of the Manang Air helicopter with call sign 9N-AMV in Lamjura Pass of Solukhumbu district killing five Mexicans and the pilot on July 11.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18204', 'image' => '20230716022140_20230711121204_Manang-Air-27-1024x683.jpg', 'article_date' => '2023-07-16 14:21:02', '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
