July 16: Black cardamom is one of the top exported items of Nepal.…
July 16: Black cardamom is one of the top exported items of Nepal.…
July 16: The train service in operation from Jayanagar in India to Janakpurdham, Nepal is going to be expanded to Bhangaha Bijalpura in…
July 16: Commercial paragliding is now available from Devisthan danda, a tourist spot located in Dhulikhel municipality-9 of Kavrepalanchok…
Currently, a total of 260,082 migrant workers have joined the social security scheme administered by the…
Nepal has exported animal feed, specifically haylage, to China for the first time. The initial shipment of haylage, produced by Horizon International Pvt. Ltd in Bharatpur, was sent to China, marking the beginning of this new trade…
Laxmi Bank Limited and Sunrise Bank Limited have started joint transaction from Friday. Following their merger, the two banks have started operating under the name "Laxmi Sunrise Bank…
The upper house of the parliament, The National Assembly, has passed the Bill to Raise National…
July 14: The import of paddy from Birgunj, the country's main trading port, has increased considerably.…
July 14: A meeting of the National Assembly on Friday passed the Finance Bill,…
July 14: As in the previous years, the government during this fiscal year spent billions of rupees in the last month.…
July 14: The Government of Nepal has said that it is currently discussing the issue of implementing the Belt and Road Initiative (BRI) project of China.…
July 14: Investment Board Nepal (IBN) on Thursday signed a Memorandum of Understanding (MoU) with German-based DIAG Industries GmbH for the preparation of the Detailed Feasibility Study Report for the establishment of a chemical fertiliser plant in…
July 14: Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet has said that the country will add 900 megawatts of power in the upcoming fiscal…
July 14: Most of the local units of Khotang district have started implementing programmes for promotion of tea and coffee…
Seven new broker companies have commenced trading in the stock…
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', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pratiksha Kandel</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 16: Black cardamom is one of the top exported items of Nepal. Nepal exported black cardamom worth Rs 7.7 billion to different countries of the world from mid-July to mid- May of the current fiscal year, according to the data of the Department of Customs. But since the market of black cardamom produced in Nepal is concentrated only in India, businessmen have been saying that new destinations should be explored for the market expansion of black cardamom.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the department, 9,386 metric tons of black cardamom have been exported from Nepal in the 11 months of the current fiscal year. During the same period last year, 5,500 metric tons of black cardamom worth Rs 4.55 billion were exported. Compared to last year's exports in 11 months, black cardamom exports have increased by 69 percent in terms of monetary value and 85 percent in volume this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal has been exporting black cardamom to India, Italy, Pakistan, the USA, Germany and other countries. During the 11 months of the current fiscal year, 9,341 metric tons of black cardamom worth Rs 7.68 billion have been exported to India alone. That is a staggerring 99.52 percent of the total export of black cardamom.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Along with the production of black cardamom in Nepal, the production area is also increasing. According to the National Potato Vegetable and Spice Development Center, 2.5 million metric tons of black cardamom has been produced in Nepal in the last six years. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the center, in the fiscal year 2073-74, around 401,000 metric tons of black cardamom were cultivated in 21,562 hectares of land in Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the fiscal year 2078-79, the area and output of cardamom production increased to 22,913 hectares and 435,584 metric tons respectively.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Raj Kumar Karki, outgoing president of the Nepal Cardamom Traders Federation, says that India is the main market for black cardamom produced in Nepal and the demand for Nepali black cardamom in India is high. He argues that since the domestic production of black cardamom in India is increasing, Nepal should find a new markets for exporting black cardamom. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After India, Bangladesh is also the next big market for black cardamom produced in Nepal. But due to the compulsion of having to pay 35 percent tax when exporting the products to Bangladesh, black cardamom of Nepal is unable to compete with the black cardamom sent to Bangladesh from other countries, said Karki.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“Bhutan is exporting black cardamom to Bangladesh paying zero percent tax. Therefore, it is necessary for the government to facilitate policy on tax and other matters to export Nepal’s black cardamom to Bangladesh,” says Karki.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that Nepal has not been able to increase the export of black cardamom to third countries due to the high cost of air freight.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Karki predicted that the production of black cardamom will decline by 35 to 45 percent this year. According to Karki, the price of cardamom has already reached 1,000 per kg as the production is expected to further decrease in the coming year.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18203', 'image' => '20230716010754_BlackCardamom.jpg', 'article_date' => '2023-07-16 13:07:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18472', 'article_category_id' => '1', 'title' => 'Janakpur-Jayanagar Train Service to be Extended to Bijalpura ', 'sub_title' => '', 'summary' => 'July 16: The train service in operation from Jayanagar in India to Janakpurdham, Nepal is going to be expanded to Bhangaha Bijalpura in Mahottari. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 16: The train service in operation from Jayanagar in India to Janakpurdham, Nepal is going to be expanded to Bhangaha Bijalpura in Mahottari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Physical Infrastructure and Transport Prakash Jwala is scheduled to launch the extension service today (July 16). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The train service currently operates along a 35 km stretch from Jayanagar to Janakpurdham will be extended to Kurtha to cover a total distance of 52 km. The train service is operating regularly for the past 15 months. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After the completion of the second phase of physical infrastructure, the train service is going to be extended to Bijalpura, said the General Manager of the Department of Railways Niranjan Jha. However, due to the dispute over land compensation, the construction of the third phase of railway infrastructure from Bijalpura to Bardibas has been stopped. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The broad gauge two-set train was put into operation from April 2, 2022. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18202', 'image' => '20230716115557_Railwayy (1).jpeg', 'article_date' => '2023-07-16 11:55:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18471', 'article_category_id' => '1', 'title' => 'Commercial Paragliding Begins in Kavre ', 'sub_title' => '', 'summary' => 'July 16: Commercial paragliding is now available from Devisthan danda, a tourist spot located in Dhulikhel municipality-9 of Kavrepalanchok district. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 16: Commercial paragliding is now available from Devisthan danda, a tourist spot located in Dhulikhel municipality-9 of Kavrepalanchok district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The paragliding flight takes place from Devisthan to Badal village located in ward no 8 of the municipality, covering a distance of about one and a half kilometers from at an altitude of 5,500 feet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former Minister and Member of Parliament Gokul Prasad Banskota launched the commercial paragliding flight on Saturday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Culture, Tourism and Civil Aviation, and Civil Aviation Authority of Nepal have given permission to Bishwabazar Paragliding Pvt Ltd to conduct recreational aviation flights after meeting the necessary criteria. </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"">Chairman of the company Kiran Karki said that paragliding has been started in Dhulikhel in collaboration with paragliding companies operating in Pokhara.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Accidental insurance fund of Rs 3.7 million has been established for the people who take the paragliding flights. One has to pay Rs 7,000 for a one-time flight. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18201', 'image' => '20230716112456_20220821100035_para.jpg', 'article_date' => '2023-07-16 11:24:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18470', 'article_category_id' => '1', 'title' => 'Over 2,60,000 Migrant Workers Join Social Security Fund(SSF)', 'sub_title' => '', 'summary' => 'Currently, a total of 260,082 migrant workers have joined the social security scheme administered by the SSF.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 16: The enrollment of migrant workers in the Social Security Fund (SSF) has witnessed a significant rise, indicating a positive trend. These are workers who have obtained labor permits and ventured abroad for employment. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Currently, a total of 260,082 migrant workers have joined the social security scheme administered by the SSF.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">On March 22, 2023, the government implemented a provision mandating the association of migrant workers with the Social Security Fund. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to this provision, workers intending to work overseas must register with the Fund before acquiring their work permits.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Within the formal sector, 423,092 workers have already been enrolled in the Fund. Additionally, a combined total of 639,174 workers, including those from the formal sector and overseas employment sector, have been associated with the Fund.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Fund has disbursed claims amounting to Rs 5 billion to contributors under various social security schemes. Bibek Panthi, the spokesperson for the Fund, reported that 18,000 employers have also registered with the Fund, contributing a total of Rs 36.26 billion to date. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Fund collects a monthly contribution of 11 percent from workers in the formal sector and 20 percent from employers.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">So far, a total of 88,585 contributors have received different entitlements from the Fund, highlighting its active role in providing benefits and support to eligible individuals. (RSS)</span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18200', 'image' => '20230716055933_collage (1).jpg', 'article_date' => '2023-07-16 05:54:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '18469', 'article_category_id' => '1', 'title' => 'Nepal Exports Animal Feed to China for the First Time', 'sub_title' => '', 'summary' => 'Nepal has exported animal feed, specifically haylage, to China for the first time. The initial shipment of haylage, produced by Horizon International Pvt. Ltd in Bharatpur, was sent to China, marking the beginning of this new trade relationship.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">July 16: Nepal has exported animal feed, specifically haylage, to China for the first time. The initial shipment of haylage, produced by Horizon International Pvt. Ltd in Bharatpur, was sent to China, marking the beginning of this new trade relationship.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The company dispatched 10 containers of haylage as the first consignment, and, they plan to send 20 containers of animal feed to China daily. The company aims to export a total of 2000 million tons of animal feed to the city of Shigatse in China within a year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Chang, the chief executive officer of Horizon International Pvt. Ltd, explained that the company procured maize plants from local farmers in and around Bharatpur and processed them to create high-quality animal feed. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">As part of their efforts to support the farmers, advanced varieties of seeds, irrigation systems, and technical assistance are being provided to enhance production. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Chang further revealed that there is a significant demand for 500 containers of haylage in the Shigatse region of China. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">It is worth noting that Bharatpur Metropolitan Municipality and Shigatse city have a sister relationship, which has played a role in facilitating this animal feed export program. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The Ministry of Agriculture and Livestock Development, the Chinese Embassy in Nepal, and the Bharatpur Metropolitan Municipality have jointly initiated and supported this venture. (RSS)</span></span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18199', 'image' => '20230716054230_collage.jpg', 'article_date' => '2023-07-16 05:34:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18468', 'article_category_id' => '1', 'title' => 'Laxmi Bank and Sunrise Bank Start Integrated Transaction', 'sub_title' => '', 'summary' => 'Laxmi Bank Limited and Sunrise Bank Limited have started joint transaction from Friday. Following their merger, the two banks have started operating under the name "Laxmi Sunrise Bank Limited".', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 14: Laxmi Bank Limited and Sunrise Bank Limited have started joint transaction from Friday. Following their merger, the two banks have started operating under the name "Laxmi Sunrise Bank Limited". </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The final agreement for the merger between the two banks was reached on May 22.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Earlier, the merger proposal was approved by the respective general assemblies of both banks.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Additionally, the Nepal Rastra Bank (the central bank of Nepal) had granted its final approval for the merger on July 7.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the merger, the central office of the bank is located in Hattisar, Kathmandu. These two banks had merged with swap ration of 1:1. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Laxmi Bank's paid-up capital has a paid-up capital of Rs 11.55 billion, while Sunrise Bank's capital stands at Rs 10.11 billion.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">After the merger, the combined paid-up capital will be over Rs 21.66 billion.</span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18198', 'image' => '20230714055122_collage (82).jpg', 'article_date' => '2023-07-14 17:49:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18467', 'article_category_id' => '1', 'title' => 'NA Passes Bill to Raise National Debt', 'sub_title' => '', 'summary' => 'The upper house of the parliament, The National Assembly, has passed the Bill to Raise National Debt.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 14: The upper house of the parliament, The National Assembly, has passed the Bill to Raise National Debt.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> During Friday’s meeting of the NA, Finance Minister Dr. Prakash Sharan Mahat presented a proposal to return the bill, which had received suggestions from the House of Representatives (HoR), to the lower house of the Federal Parliament without any amendments.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The majority of lawmakers supported this proposal, leading to its passage.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During the discussion of the bill's clauses, some legislators raised concerns about the utility of increasing national debt when the percentage of public debt is already rising in comparison to the gross domestic product. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite these concerns, the bill proceeded and was ultimately approved.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The National Assembly's next session is scheduled for July 17 at 1:00 pm.</span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18197', 'image' => '20230714051020_collage (80).jpg', 'article_date' => '2023-07-14 17:09:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18466', 'article_category_id' => '1', 'title' => 'Import of Paddy through Birgunj Customs Increases', 'sub_title' => '', 'summary' => 'July 14: The import of paddy from Birgunj, the country's main trading port, has increased considerably. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">July 14: The import of paddy from Birgunj, the country's main trading port, has increased considerably. Entrepreneurs say that the decrease in the import of rice and increase in the import of its raw material, paddy is a positive indication.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The data of Birgunj Customs Office shows that the import of paddy through this checkpoint increased by 60 percent in 11 months of the current fiscal year (FY 2023/24).</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to Information Officer of Birgunj Customs, Ram Chandra Dhakal, industries of Bara and Parsa import paddy through this check point. Most of the big rice industries are operating in the same area and are dependent on imported paddy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the review period, 335,000 metric tons of rice worth Rs 12.37 billion were imported from India.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the customs data, 43,325 tons of rice of different brands was imported last year from Birgunj, but this year it was limited to 32,597 tons. Imports of rice have been affected after India, imposed a 20 percent duty on exports. India adopted such a policy to control prices in the domestic market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Initially, India also levied duties on paddy exports, which was lifted after the initiative of local entrepreneurs. India has set an export quota of 600,000 tons of paddy for Nepal this year. This amount is 100,000 tons more than the previous year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Import of wheat through this checkpoint on the other hand decreased by 77 percent. In the previous year, 21,395 metric tons of wheat were imported in 11 months, but this year only 4,902 tons were imported. India has set a quota of 50,000 tons of wheat to be exported to Nepal annually. The data shows that the import of food grains including buckwheat, millet and bran through this check point also decreased. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18196', 'image' => '20230714044016_Paddy.jpg', 'article_date' => '2023-07-14 16:39:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18465', 'article_category_id' => '1', 'title' => 'National Assembly Passes Finance Bill, 2080 ', 'sub_title' => '', 'summary' => 'July 14: A meeting of the National Assembly on Friday passed the Finance Bill, 2080. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 14: A meeting of the National Assembly on Friday passed the Finance Bill, 2080. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, Finance Minister Dr Prakash Sharan Mahat had presented a proposal to return the Bill, which was received from the House of Representatives with suggestions, to the HoR without any amendment. The NA passed the finance minister's proposal with majority. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although the NA members had presented a proposal of increasing tax on tobacco related products, it was rejected. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18195', 'image' => '20230714032233_1689320568.Rastriya Shabha.jpg', 'article_date' => '2023-07-14 15:22:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18463', 'article_category_id' => '1', 'title' => 'Government Preparing to Implement Budget without a Master plan', 'sub_title' => '', 'summary' => 'July 14: As in the previous years, the government during this fiscal year spent billions of rupees in the last month. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">July 14: As in the previous years, the government during this fiscal year spent billions of rupees in the last month. Now the government is about to implement the budget for the next fiscal year (FY 2023/24) without a proper 'master plan'.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The Ministry of Finance, which is mainly responsible for the implementation of the budget, has shown no interest in creating a result-oriented master plan except for making simple guidelines as in the past.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Finance Minister Dr Prakash Sharan Mahat a few days ago directed the officials of all the ministries to get ready for implementing the budget. The secretaries did not pay much attention to it. After the finance minister's directive, the officials of the Finance Ministry are preparing to issue budget implementation guidelines as the previous year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“It is going to be released after adding some points to the previous year's guidance. A separate master plan has not been prepared," said a senior official of the Ministry of Finance.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to him, the guidelines will make clear arrangements for program approval, budget disbursement, budget expenditure, budget transfer, monitoring and intergovernmental financial transfer. Likewise, some other unclear points in the budget will be clarified.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Similar guidelines were issued by the Ministry of Finance earlier too. However, it did not bring significant results in the budget spending system. In this background, it is estimated that the guidelines for the upcoming fiscal year will not be effective.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As in the past, the Ministry of Finance is preparing to bring ritualistic guidelines.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to experts, the government should make a master plan for budget implementation. Former Vice Chairman of the National Planning Commission Dr. Pushparaj Kandel claimed that the upcoming budget will be stagnant as the government does not have a master plan. According to him, the budget has been brought without ensuring resources.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that the system will not improve until a master plan is made and the budget is implemented accordingly.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Nepal Chamber of Commerce President Rajendra Malla also said that the government should make a master plan for implementing the budget. He believes that bringing ritualistic guidelines as in the previous years will not make any difference in the implementation of the budget.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Meanwhile Finance Minister Mahat reiterated that preparations for the implementation of the budget have already started. Speaking in the National Assembly on Thursday, he did not reveal how the budget will be implemented. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Stating that funds should be kept under various headings to spend on the urgent work of the country, he said that he is fully committed to prohibiting unnecessary spending on work including natural disasters and maintaining discipline. Mahat said that no one can spend any government resources by going beyond the rules and regulations. He said that because the income is low, the budget of the federal and state governments has been reduced.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Mahat claimed that he made an honest effort to solve the problems that were being compounded due to the current crisis. The annual estimate (budget) of revenue and expenditure for the year 2023/24 presented by the government has been passed by both houses of the Federal Parliament. In the National Assembly meeting, Finance Minister Mahat presented a proposal to pass the Appropriation Bill, 2080 received with a message from the House of Representatives. Before that, the proposal to reduce the expenditure presented under various headings under the Appropriation Bill, 2080 was rejected by the majority.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The budget for the coming year was passed by the House of Representatives on June 27. The government presented the budget for the upcoming fiscal year at a joint meeting of both houses of the Federal Parliament on May 29. The passage of the budget of Rs 1751 by both the houses of the Federal Parliament has paved the way to implement it from the first day of the new fiscal year (July 17).</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18193', 'image' => '20230714023452_1683767264.jpg', 'article_date' => '2023-07-14 14:34:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18462', 'article_category_id' => '1', 'title' => 'Government Still ‘Discussing’ Implementation of BRI Six Years after Signing Pact with China', 'sub_title' => '', 'summary' => 'July 14: The Government of Nepal has said that it is currently discussing the issue of implementing the Belt and Road Initiative (BRI) project of China. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 14: The Government of Nepal has said that it is currently discussing the issue of implementing the Belt and Road Initiative (BRI) project of China. Nepal and China signed an agreement on the BRI project in 2017. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Delivering a statement in the National Assembly meeting on Thursday, Minister for Foreign Affairs, NP Saud said, "Discussions are being held between the two countries regarding the implementation of the BRI." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Though the agreement on BRI was signed back in 2017, no decision has been made so far on the modality of moving ahead the projects. </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"">Earlier, Chinese Ambassador to Nepal, Chen Song had claimed during the inauguration of the Pokhara Regional International Airport on January 1 that the airport was constructed under the BRI project. Foreign Minister Saud however said that no project has been moved ahead under the BRI so far. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said that the feasibility study of the Kerung-Kathmandu Railway and the Inter-country Power Transmission Line between the two countries is being carried out under this project. These projects were signed during the visit of China's then Foreign Minister Wang Yi to Nepal in March 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the occasion, former Foreign Minister Bimala Paudyal Rai enquired whether Nepal has deviated from its non-aligned foreign policy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response, Minister Saud mentioned that Nepal has been able to achieve credibility and respect in the world due to the independent, balanced, impartial and objective point of view it has adopted.</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"">He added that Nepal has been strengthening and expanding relations with other countries including neighjbouring countries on the basis of universal equality, mutual respect and benefit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Foreign Minister Saud had participated in the Summit of Non-Aligned Movement held at Baku of Azerbaijan from July 3-6. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I had expressed commitment of the Government of Nepal on collaboration for further highlighting the relevance and significance of the Non-Aligned Movement in the changing international scenario. Therefore, I would like to make it clear that Nepal's commitment towards adopting non-aligned foreign policy is consistent," he shared. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18192', 'image' => '20230714012959_20221227011524_Flag-Pins-Nepal-China.jpg', 'article_date' => '2023-07-14 13:29:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18461', 'article_category_id' => '1', 'title' => 'Investment Board Signs MoU with German Company to Study Prospects of Fertilizer Plant in Nepal ', 'sub_title' => '', 'summary' => 'July 14: Investment Board Nepal (IBN) on Thursday signed a Memorandum of Understanding (MoU) with German-based DIAG Industries GmbH for the preparation of the Detailed Feasibility Study Report for the establishment of a chemical fertiliser plant in Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 14: Investment Board Nepal (IBN) on Thursday signed a Memorandum of Understanding (MoU) with German-based DIAG Industries GmbH for the preparation of the Detailed Feasibility Study Report for the establishment of a chemical fertiliser plant in Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chief Executive Officer of Investment Board Nepal, Sushil Bhatta, and Managing Director of DIAG Industries GmbH, Benjamin Becker, signed the MoU on behalf of their respective organisations.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a statement on Thursday, IBN said its 50th board meeting held on March 31, 2022, had decided to issue a survey licence to DIAG Industries GmbH as per the provision of the Public Private Partnership and Investment Regulation, 2020. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, the 53rd board meeting of Investment Board Nepal held on April 13, 2023, had endorsed the MoU draft to be signed with the German company. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the MoU, DIAG Industries GmbH will have to submit the Detailed Feasibility Study Report (DFSR) within 24 months following the issuance of the survey licence. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The latter shall select the appropriate technology from among natural gas, electrolysis (with carbon capture storage) or hybrid (both natural gas and carbon capture) during the study for production of at least 700,000 tonnes of chemical fertiliser (urea) per annum at a total initial estimated cost of USD 714 million,” reads the statement. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18191', 'image' => '20230714125222_b7t-zJgsYWhEyo623LIg7cn5iQnZL4pLm1triWLEP74=_plaintext_638248400687684173.jpg', 'article_date' => '2023-07-14 12:49:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18460', 'article_category_id' => '1', 'title' => 'Country to Add 900 MW Power in its System Next Year: Energy Minister', 'sub_title' => '', 'summary' => 'July 14: Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet has said that the country will add 900 megawatts of power in the upcoming fiscal year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 14: Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet has said that the country will add 900 megawatts of power in the upcoming fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Responding to the lawmakers' concerns on the Appropriation Bill during a meeting of the National Assembly on Thursday, Minister Basnet reiterated that the government was focused more on increasing domestic power consumption and to export the surplus power. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Currently, the country produces around 2,000 megawatts of electricity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Basnet shared with the National Assembly members that the country is expected to export 10,000 megawatt of power to India in the coming decade and the projects with the capacity of 20,000 megawatt of power would be developed by then to make this happen. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Minister Basnet shared the government’s plan to advance some reservoir-based mega projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the lawmakers had questioned the minister why an Indian company was awarded to build the Lower Arun Hydropower Project. In response, Minister Basnet said that the process for the development of the Lower Arun Hydropower Project was started long time ago. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18190', 'image' => '20230714114308_20201124013134_1606189873.Clipboard01a.jpg', 'article_date' => '2023-07-14 11:42:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18459', 'article_category_id' => '1', 'title' => 'Local Units of Khotang Promoting Tea and Coffee Farming', 'sub_title' => '', 'summary' => 'July 14: Most of the local units of Khotang district have started implementing programmes for promotion of tea and coffee farming.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">July 14: Most of the local units of Khotang district have started implementing programmes for promotion of tea and coffee farming.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Most of the local levels have implemented programs to promote tea and coffee cultivation with the aim of utilizing the fallow areas in the highlands and to increase the source of income by creating jobs for the local residents in their own villages.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Diktel Rupakot Majhuwagadhi Municipality, the largest local level in the district with 15 wards, has distributed 25,000 coffee plants for free this year. With the target of planting 500,000 coffee saplings within five years, the municipality has set up a nursery to grow 200,000 coffee plants. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Deputy Mayor of Diketl Bishan Rai said that the coffee cultivation promotion program has been implemented with the goal of producing 1 million kg of processed coffee per year. It has been found that the demand for coffee has increased a lot in the district.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Coffee now has an annual capital flight of over Rs 200 million. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“Within the next few years, the rural municipality's goal is to meet the demand for coffee throughout the district," said Rai, adding, "We have determined pocket areas for coffee cultivation and distributed 25,000 saplings to the farmers this year. We are planning to distribute 200,000 saplings next year. Farmers have also become excited after the municipality provided saplings free of cost.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Meanwhile, Diprung Chuichumma Rural Municipality has started converting Mysangtar hill into a tea garden. The rural municipality has planted seven thousand tea plants on the hill in Ward-6 Chitapokhari on about 40 acres of government land.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The hill, which also has Paruhang Park in Sumni, is a favorite destination of domestic tourists. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Lokendra Rai, chairman of the rural municipality, said that with the increase in the number of domestic tourists in the coming days, they also plan to attract foreign tourists and to provide employment from agriculture</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“We have started converting Mysangtar hill into a tea garden. Every day, domestic tourists come to Mysangtar Hill where you can see the views of the mountains and plains along with the various terrains of the district,” he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">This year, the municipality planted 7,000 tea plants and is preparing to increase the number of plants continuously in the coming year. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Kepilasgarhi Rural Municipality-1 Fedi has also started planting tea plants. Ward chairman Neerkumar Rai said that 200,000 tea plants will be planted this year with the financial and technical support of the Watershed-based Climate Uplifting Livelihood Project.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the rural municipality, commercial tea plantation was started in Fedi since last year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, Sakela Rural Municipality, the smallest local level of the district (having only five wards), has planted seven thousand saplings this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the rural municipality, workers have also been hired to take care of the tea garden of Tawa Bhanjyang, a tourist spot. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Birsika Rai, deputy chief of the rural municipality, informed that the purpose of the rural municipality is to attract internal and external tourists by linking tea cultivation with tourism promotion.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Commercial tea cultivation has also been started in Kapase Bhanjyang located in Khotehang Rural Municipality. According to the rural municipality, 15,000 tea plants provided free of charge by the Temke-Thamdanda Agricultural Cooperative Society have been planted. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The local levels have said that preparations are being made to process and use the produced tea and coffee in the district. According to the Agriculture Knowledge Centre, there are 62,360 hectares of cultivable land in the district.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18189', 'image' => '20230714104455_Tea.jpg', 'article_date' => '2023-07-14 10:44:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18458', 'article_category_id' => '1', 'title' => 'Seven New Broker Companies Commence Trading', 'sub_title' => '', 'summary' => 'Seven new broker companies have commenced trading in the stock market.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 13: Seven new broker companies have commenced trading in the stock market.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Bhole Ganesh Securities Limited, Capital Max Securities Limited, Himalayan Brokerage Limited, Sun Securities Pvt. Ltd., Miyo Securities Pvt. Ltd., SharePro Securities Pvt. Ltd., and Property Wizard Limited have officially started their operations as members of the Nepal Stock Exchange (NEPSE).</span></span></p> <p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prior to live trading, these companies conducted test transactions.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“All seven new broker companies completed test transactions and had participated in regular trading,” said Krishna Giri, the CEO of Sun Securities Pvt. Ltd. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">On the first day, the new broker companies conducted a minimal volume of stock trading, according to Giri.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Giri shared that new broker companies have both challenges and opportunities before them. He called for the cooperation of investors and other stakeholders to overcome the challenges facing them at the moment.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the first phase, Securities Board of Nepal(SEBON) had granted broker licenses to eight broker companies on May 22. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">New companies had acquired membership of Nepal Stock Exchange(NEPSE) on July 5. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">While 18 companies have obtained broker licenses from SEBON so far, 25 companies are still waiting for licenses.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of 18 companies that have obtained broker licenses, one company is in the process of merging with an existing broker company. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The remaining 10 companies have submitted applications for the membership of the NEPSE. </span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18188', 'image' => '20230714054533_collage (79).jpg', 'article_date' => '2023-07-14 05:41:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18473', 'article_category_id' => '1', 'title' => 'Export of Black Cardamom Up by 85 Percent', 'sub_title' => 'Businessmen Insist on Exploring New Markets for Exporting Black Cardamom', 'summary' => 'July 16: Black cardamom is one of the top exported items of Nepal. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pratiksha Kandel</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 16: Black cardamom is one of the top exported items of Nepal. Nepal exported black cardamom worth Rs 7.7 billion to different countries of the world from mid-July to mid- May of the current fiscal year, according to the data of the Department of Customs. But since the market of black cardamom produced in Nepal is concentrated only in India, businessmen have been saying that new destinations should be explored for the market expansion of black cardamom.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the department, 9,386 metric tons of black cardamom have been exported from Nepal in the 11 months of the current fiscal year. During the same period last year, 5,500 metric tons of black cardamom worth Rs 4.55 billion were exported. Compared to last year's exports in 11 months, black cardamom exports have increased by 69 percent in terms of monetary value and 85 percent in volume this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal has been exporting black cardamom to India, Italy, Pakistan, the USA, Germany and other countries. During the 11 months of the current fiscal year, 9,341 metric tons of black cardamom worth Rs 7.68 billion have been exported to India alone. That is a staggerring 99.52 percent of the total export of black cardamom.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Along with the production of black cardamom in Nepal, the production area is also increasing. According to the National Potato Vegetable and Spice Development Center, 2.5 million metric tons of black cardamom has been produced in Nepal in the last six years. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the center, in the fiscal year 2073-74, around 401,000 metric tons of black cardamom were cultivated in 21,562 hectares of land in Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the fiscal year 2078-79, the area and output of cardamom production increased to 22,913 hectares and 435,584 metric tons respectively.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Raj Kumar Karki, outgoing president of the Nepal Cardamom Traders Federation, says that India is the main market for black cardamom produced in Nepal and the demand for Nepali black cardamom in India is high. He argues that since the domestic production of black cardamom in India is increasing, Nepal should find a new markets for exporting black cardamom. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After India, Bangladesh is also the next big market for black cardamom produced in Nepal. But due to the compulsion of having to pay 35 percent tax when exporting the products to Bangladesh, black cardamom of Nepal is unable to compete with the black cardamom sent to Bangladesh from other countries, said Karki.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“Bhutan is exporting black cardamom to Bangladesh paying zero percent tax. Therefore, it is necessary for the government to facilitate policy on tax and other matters to export Nepal’s black cardamom to Bangladesh,” says Karki.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that Nepal has not been able to increase the export of black cardamom to third countries due to the high cost of air freight.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Karki predicted that the production of black cardamom will decline by 35 to 45 percent this year. According to Karki, the price of cardamom has already reached 1,000 per kg as the production is expected to further decrease in the coming year.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18203', 'image' => '20230716010754_BlackCardamom.jpg', 'article_date' => '2023-07-16 13:07:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18472', 'article_category_id' => '1', 'title' => 'Janakpur-Jayanagar Train Service to be Extended to Bijalpura ', 'sub_title' => '', 'summary' => 'July 16: The train service in operation from Jayanagar in India to Janakpurdham, Nepal is going to be expanded to Bhangaha Bijalpura in Mahottari. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 16: The train service in operation from Jayanagar in India to Janakpurdham, Nepal is going to be expanded to Bhangaha Bijalpura in Mahottari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Physical Infrastructure and Transport Prakash Jwala is scheduled to launch the extension service today (July 16). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The train service currently operates along a 35 km stretch from Jayanagar to Janakpurdham will be extended to Kurtha to cover a total distance of 52 km. The train service is operating regularly for the past 15 months. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After the completion of the second phase of physical infrastructure, the train service is going to be extended to Bijalpura, said the General Manager of the Department of Railways Niranjan Jha. However, due to the dispute over land compensation, the construction of the third phase of railway infrastructure from Bijalpura to Bardibas has been stopped. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The broad gauge two-set train was put into operation from April 2, 2022. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18202', 'image' => '20230716115557_Railwayy (1).jpeg', 'article_date' => '2023-07-16 11:55:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18471', 'article_category_id' => '1', 'title' => 'Commercial Paragliding Begins in Kavre ', 'sub_title' => '', 'summary' => 'July 16: Commercial paragliding is now available from Devisthan danda, a tourist spot located in Dhulikhel municipality-9 of Kavrepalanchok district. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 16: Commercial paragliding is now available from Devisthan danda, a tourist spot located in Dhulikhel municipality-9 of Kavrepalanchok district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The paragliding flight takes place from Devisthan to Badal village located in ward no 8 of the municipality, covering a distance of about one and a half kilometers from at an altitude of 5,500 feet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former Minister and Member of Parliament Gokul Prasad Banskota launched the commercial paragliding flight on Saturday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Culture, Tourism and Civil Aviation, and Civil Aviation Authority of Nepal have given permission to Bishwabazar Paragliding Pvt Ltd to conduct recreational aviation flights after meeting the necessary criteria. </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"">Chairman of the company Kiran Karki said that paragliding has been started in Dhulikhel in collaboration with paragliding companies operating in Pokhara.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Accidental insurance fund of Rs 3.7 million has been established for the people who take the paragliding flights. One has to pay Rs 7,000 for a one-time flight. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18201', 'image' => '20230716112456_20220821100035_para.jpg', 'article_date' => '2023-07-16 11:24:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18470', 'article_category_id' => '1', 'title' => 'Over 2,60,000 Migrant Workers Join Social Security Fund(SSF)', 'sub_title' => '', 'summary' => 'Currently, a total of 260,082 migrant workers have joined the social security scheme administered by the SSF.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 16: The enrollment of migrant workers in the Social Security Fund (SSF) has witnessed a significant rise, indicating a positive trend. These are workers who have obtained labor permits and ventured abroad for employment. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Currently, a total of 260,082 migrant workers have joined the social security scheme administered by the SSF.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">On March 22, 2023, the government implemented a provision mandating the association of migrant workers with the Social Security Fund. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to this provision, workers intending to work overseas must register with the Fund before acquiring their work permits.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Within the formal sector, 423,092 workers have already been enrolled in the Fund. Additionally, a combined total of 639,174 workers, including those from the formal sector and overseas employment sector, have been associated with the Fund.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Fund has disbursed claims amounting to Rs 5 billion to contributors under various social security schemes. Bibek Panthi, the spokesperson for the Fund, reported that 18,000 employers have also registered with the Fund, contributing a total of Rs 36.26 billion to date. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Fund collects a monthly contribution of 11 percent from workers in the formal sector and 20 percent from employers.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">So far, a total of 88,585 contributors have received different entitlements from the Fund, highlighting its active role in providing benefits and support to eligible individuals. (RSS)</span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18200', 'image' => '20230716055933_collage (1).jpg', 'article_date' => '2023-07-16 05:54:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '18469', 'article_category_id' => '1', 'title' => 'Nepal Exports Animal Feed to China for the First Time', 'sub_title' => '', 'summary' => 'Nepal has exported animal feed, specifically haylage, to China for the first time. The initial shipment of haylage, produced by Horizon International Pvt. Ltd in Bharatpur, was sent to China, marking the beginning of this new trade relationship.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">July 16: Nepal has exported animal feed, specifically haylage, to China for the first time. The initial shipment of haylage, produced by Horizon International Pvt. Ltd in Bharatpur, was sent to China, marking the beginning of this new trade relationship.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The company dispatched 10 containers of haylage as the first consignment, and, they plan to send 20 containers of animal feed to China daily. The company aims to export a total of 2000 million tons of animal feed to the city of Shigatse in China within a year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Chang, the chief executive officer of Horizon International Pvt. Ltd, explained that the company procured maize plants from local farmers in and around Bharatpur and processed them to create high-quality animal feed. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">As part of their efforts to support the farmers, advanced varieties of seeds, irrigation systems, and technical assistance are being provided to enhance production. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Chang further revealed that there is a significant demand for 500 containers of haylage in the Shigatse region of China. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">It is worth noting that Bharatpur Metropolitan Municipality and Shigatse city have a sister relationship, which has played a role in facilitating this animal feed export program. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The Ministry of Agriculture and Livestock Development, the Chinese Embassy in Nepal, and the Bharatpur Metropolitan Municipality have jointly initiated and supported this venture. (RSS)</span></span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18199', 'image' => '20230716054230_collage.jpg', 'article_date' => '2023-07-16 05:34:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18468', 'article_category_id' => '1', 'title' => 'Laxmi Bank and Sunrise Bank Start Integrated Transaction', 'sub_title' => '', 'summary' => 'Laxmi Bank Limited and Sunrise Bank Limited have started joint transaction from Friday. Following their merger, the two banks have started operating under the name "Laxmi Sunrise Bank Limited".', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 14: Laxmi Bank Limited and Sunrise Bank Limited have started joint transaction from Friday. Following their merger, the two banks have started operating under the name "Laxmi Sunrise Bank Limited". </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The final agreement for the merger between the two banks was reached on May 22.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Earlier, the merger proposal was approved by the respective general assemblies of both banks.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Additionally, the Nepal Rastra Bank (the central bank of Nepal) had granted its final approval for the merger on July 7.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the merger, the central office of the bank is located in Hattisar, Kathmandu. These two banks had merged with swap ration of 1:1. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Laxmi Bank's paid-up capital has a paid-up capital of Rs 11.55 billion, while Sunrise Bank's capital stands at Rs 10.11 billion.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">After the merger, the combined paid-up capital will be over Rs 21.66 billion.</span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18198', 'image' => '20230714055122_collage (82).jpg', 'article_date' => '2023-07-14 17:49:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18467', 'article_category_id' => '1', 'title' => 'NA Passes Bill to Raise National Debt', 'sub_title' => '', 'summary' => 'The upper house of the parliament, The National Assembly, has passed the Bill to Raise National Debt.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 14: The upper house of the parliament, The National Assembly, has passed the Bill to Raise National Debt.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> During Friday’s meeting of the NA, Finance Minister Dr. Prakash Sharan Mahat presented a proposal to return the bill, which had received suggestions from the House of Representatives (HoR), to the lower house of the Federal Parliament without any amendments.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The majority of lawmakers supported this proposal, leading to its passage.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During the discussion of the bill's clauses, some legislators raised concerns about the utility of increasing national debt when the percentage of public debt is already rising in comparison to the gross domestic product. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite these concerns, the bill proceeded and was ultimately approved.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The National Assembly's next session is scheduled for July 17 at 1:00 pm.</span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18197', 'image' => '20230714051020_collage (80).jpg', 'article_date' => '2023-07-14 17:09:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18466', 'article_category_id' => '1', 'title' => 'Import of Paddy through Birgunj Customs Increases', 'sub_title' => '', 'summary' => 'July 14: The import of paddy from Birgunj, the country's main trading port, has increased considerably. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">July 14: The import of paddy from Birgunj, the country's main trading port, has increased considerably. Entrepreneurs say that the decrease in the import of rice and increase in the import of its raw material, paddy is a positive indication.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The data of Birgunj Customs Office shows that the import of paddy through this checkpoint increased by 60 percent in 11 months of the current fiscal year (FY 2023/24).</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to Information Officer of Birgunj Customs, Ram Chandra Dhakal, industries of Bara and Parsa import paddy through this check point. Most of the big rice industries are operating in the same area and are dependent on imported paddy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the review period, 335,000 metric tons of rice worth Rs 12.37 billion were imported from India.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the customs data, 43,325 tons of rice of different brands was imported last year from Birgunj, but this year it was limited to 32,597 tons. Imports of rice have been affected after India, imposed a 20 percent duty on exports. India adopted such a policy to control prices in the domestic market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Initially, India also levied duties on paddy exports, which was lifted after the initiative of local entrepreneurs. India has set an export quota of 600,000 tons of paddy for Nepal this year. This amount is 100,000 tons more than the previous year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Import of wheat through this checkpoint on the other hand decreased by 77 percent. In the previous year, 21,395 metric tons of wheat were imported in 11 months, but this year only 4,902 tons were imported. India has set a quota of 50,000 tons of wheat to be exported to Nepal annually. The data shows that the import of food grains including buckwheat, millet and bran through this check point also decreased. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18196', 'image' => '20230714044016_Paddy.jpg', 'article_date' => '2023-07-14 16:39:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18465', 'article_category_id' => '1', 'title' => 'National Assembly Passes Finance Bill, 2080 ', 'sub_title' => '', 'summary' => 'July 14: A meeting of the National Assembly on Friday passed the Finance Bill, 2080. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 14: A meeting of the National Assembly on Friday passed the Finance Bill, 2080. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, Finance Minister Dr Prakash Sharan Mahat had presented a proposal to return the Bill, which was received from the House of Representatives with suggestions, to the HoR without any amendment. The NA passed the finance minister's proposal with majority. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although the NA members had presented a proposal of increasing tax on tobacco related products, it was rejected. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18195', 'image' => '20230714032233_1689320568.Rastriya Shabha.jpg', 'article_date' => '2023-07-14 15:22:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18463', 'article_category_id' => '1', 'title' => 'Government Preparing to Implement Budget without a Master plan', 'sub_title' => '', 'summary' => 'July 14: As in the previous years, the government during this fiscal year spent billions of rupees in the last month. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">July 14: As in the previous years, the government during this fiscal year spent billions of rupees in the last month. Now the government is about to implement the budget for the next fiscal year (FY 2023/24) without a proper 'master plan'.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The Ministry of Finance, which is mainly responsible for the implementation of the budget, has shown no interest in creating a result-oriented master plan except for making simple guidelines as in the past.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Finance Minister Dr Prakash Sharan Mahat a few days ago directed the officials of all the ministries to get ready for implementing the budget. The secretaries did not pay much attention to it. After the finance minister's directive, the officials of the Finance Ministry are preparing to issue budget implementation guidelines as the previous year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“It is going to be released after adding some points to the previous year's guidance. A separate master plan has not been prepared," said a senior official of the Ministry of Finance.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to him, the guidelines will make clear arrangements for program approval, budget disbursement, budget expenditure, budget transfer, monitoring and intergovernmental financial transfer. Likewise, some other unclear points in the budget will be clarified.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Similar guidelines were issued by the Ministry of Finance earlier too. However, it did not bring significant results in the budget spending system. In this background, it is estimated that the guidelines for the upcoming fiscal year will not be effective.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As in the past, the Ministry of Finance is preparing to bring ritualistic guidelines.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to experts, the government should make a master plan for budget implementation. Former Vice Chairman of the National Planning Commission Dr. Pushparaj Kandel claimed that the upcoming budget will be stagnant as the government does not have a master plan. According to him, the budget has been brought without ensuring resources.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that the system will not improve until a master plan is made and the budget is implemented accordingly.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Nepal Chamber of Commerce President Rajendra Malla also said that the government should make a master plan for implementing the budget. He believes that bringing ritualistic guidelines as in the previous years will not make any difference in the implementation of the budget.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Meanwhile Finance Minister Mahat reiterated that preparations for the implementation of the budget have already started. Speaking in the National Assembly on Thursday, he did not reveal how the budget will be implemented. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Stating that funds should be kept under various headings to spend on the urgent work of the country, he said that he is fully committed to prohibiting unnecessary spending on work including natural disasters and maintaining discipline. Mahat said that no one can spend any government resources by going beyond the rules and regulations. He said that because the income is low, the budget of the federal and state governments has been reduced.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Mahat claimed that he made an honest effort to solve the problems that were being compounded due to the current crisis. The annual estimate (budget) of revenue and expenditure for the year 2023/24 presented by the government has been passed by both houses of the Federal Parliament. In the National Assembly meeting, Finance Minister Mahat presented a proposal to pass the Appropriation Bill, 2080 received with a message from the House of Representatives. Before that, the proposal to reduce the expenditure presented under various headings under the Appropriation Bill, 2080 was rejected by the majority.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The budget for the coming year was passed by the House of Representatives on June 27. The government presented the budget for the upcoming fiscal year at a joint meeting of both houses of the Federal Parliament on May 29. The passage of the budget of Rs 1751 by both the houses of the Federal Parliament has paved the way to implement it from the first day of the new fiscal year (July 17).</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18193', 'image' => '20230714023452_1683767264.jpg', 'article_date' => '2023-07-14 14:34:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18462', 'article_category_id' => '1', 'title' => 'Government Still ‘Discussing’ Implementation of BRI Six Years after Signing Pact with China', 'sub_title' => '', 'summary' => 'July 14: The Government of Nepal has said that it is currently discussing the issue of implementing the Belt and Road Initiative (BRI) project of China. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 14: The Government of Nepal has said that it is currently discussing the issue of implementing the Belt and Road Initiative (BRI) project of China. Nepal and China signed an agreement on the BRI project in 2017. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Delivering a statement in the National Assembly meeting on Thursday, Minister for Foreign Affairs, NP Saud said, "Discussions are being held between the two countries regarding the implementation of the BRI." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Though the agreement on BRI was signed back in 2017, no decision has been made so far on the modality of moving ahead the projects. </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"">Earlier, Chinese Ambassador to Nepal, Chen Song had claimed during the inauguration of the Pokhara Regional International Airport on January 1 that the airport was constructed under the BRI project. Foreign Minister Saud however said that no project has been moved ahead under the BRI so far. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said that the feasibility study of the Kerung-Kathmandu Railway and the Inter-country Power Transmission Line between the two countries is being carried out under this project. These projects were signed during the visit of China's then Foreign Minister Wang Yi to Nepal in March 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the occasion, former Foreign Minister Bimala Paudyal Rai enquired whether Nepal has deviated from its non-aligned foreign policy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response, Minister Saud mentioned that Nepal has been able to achieve credibility and respect in the world due to the independent, balanced, impartial and objective point of view it has adopted.</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"">He added that Nepal has been strengthening and expanding relations with other countries including neighjbouring countries on the basis of universal equality, mutual respect and benefit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Foreign Minister Saud had participated in the Summit of Non-Aligned Movement held at Baku of Azerbaijan from July 3-6. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I had expressed commitment of the Government of Nepal on collaboration for further highlighting the relevance and significance of the Non-Aligned Movement in the changing international scenario. Therefore, I would like to make it clear that Nepal's commitment towards adopting non-aligned foreign policy is consistent," he shared. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18192', 'image' => '20230714012959_20221227011524_Flag-Pins-Nepal-China.jpg', 'article_date' => '2023-07-14 13:29:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18461', 'article_category_id' => '1', 'title' => 'Investment Board Signs MoU with German Company to Study Prospects of Fertilizer Plant in Nepal ', 'sub_title' => '', 'summary' => 'July 14: Investment Board Nepal (IBN) on Thursday signed a Memorandum of Understanding (MoU) with German-based DIAG Industries GmbH for the preparation of the Detailed Feasibility Study Report for the establishment of a chemical fertiliser plant in Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 14: Investment Board Nepal (IBN) on Thursday signed a Memorandum of Understanding (MoU) with German-based DIAG Industries GmbH for the preparation of the Detailed Feasibility Study Report for the establishment of a chemical fertiliser plant in Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chief Executive Officer of Investment Board Nepal, Sushil Bhatta, and Managing Director of DIAG Industries GmbH, Benjamin Becker, signed the MoU on behalf of their respective organisations.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a statement on Thursday, IBN said its 50th board meeting held on March 31, 2022, had decided to issue a survey licence to DIAG Industries GmbH as per the provision of the Public Private Partnership and Investment Regulation, 2020. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, the 53rd board meeting of Investment Board Nepal held on April 13, 2023, had endorsed the MoU draft to be signed with the German company. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the MoU, DIAG Industries GmbH will have to submit the Detailed Feasibility Study Report (DFSR) within 24 months following the issuance of the survey licence. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The latter shall select the appropriate technology from among natural gas, electrolysis (with carbon capture storage) or hybrid (both natural gas and carbon capture) during the study for production of at least 700,000 tonnes of chemical fertiliser (urea) per annum at a total initial estimated cost of USD 714 million,” reads the statement. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18191', 'image' => '20230714125222_b7t-zJgsYWhEyo623LIg7cn5iQnZL4pLm1triWLEP74=_plaintext_638248400687684173.jpg', 'article_date' => '2023-07-14 12:49:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18460', 'article_category_id' => '1', 'title' => 'Country to Add 900 MW Power in its System Next Year: Energy Minister', 'sub_title' => '', 'summary' => 'July 14: Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet has said that the country will add 900 megawatts of power in the upcoming fiscal year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 14: Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet has said that the country will add 900 megawatts of power in the upcoming fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Responding to the lawmakers' concerns on the Appropriation Bill during a meeting of the National Assembly on Thursday, Minister Basnet reiterated that the government was focused more on increasing domestic power consumption and to export the surplus power. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Currently, the country produces around 2,000 megawatts of electricity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Basnet shared with the National Assembly members that the country is expected to export 10,000 megawatt of power to India in the coming decade and the projects with the capacity of 20,000 megawatt of power would be developed by then to make this happen. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Minister Basnet shared the government’s plan to advance some reservoir-based mega projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the lawmakers had questioned the minister why an Indian company was awarded to build the Lower Arun Hydropower Project. In response, Minister Basnet said that the process for the development of the Lower Arun Hydropower Project was started long time ago. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18190', 'image' => '20230714114308_20201124013134_1606189873.Clipboard01a.jpg', 'article_date' => '2023-07-14 11:42:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18459', 'article_category_id' => '1', 'title' => 'Local Units of Khotang Promoting Tea and Coffee Farming', 'sub_title' => '', 'summary' => 'July 14: Most of the local units of Khotang district have started implementing programmes for promotion of tea and coffee farming.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">July 14: Most of the local units of Khotang district have started implementing programmes for promotion of tea and coffee farming.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Most of the local levels have implemented programs to promote tea and coffee cultivation with the aim of utilizing the fallow areas in the highlands and to increase the source of income by creating jobs for the local residents in their own villages.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Diktel Rupakot Majhuwagadhi Municipality, the largest local level in the district with 15 wards, has distributed 25,000 coffee plants for free this year. With the target of planting 500,000 coffee saplings within five years, the municipality has set up a nursery to grow 200,000 coffee plants. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Deputy Mayor of Diketl Bishan Rai said that the coffee cultivation promotion program has been implemented with the goal of producing 1 million kg of processed coffee per year. It has been found that the demand for coffee has increased a lot in the district.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Coffee now has an annual capital flight of over Rs 200 million. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“Within the next few years, the rural municipality's goal is to meet the demand for coffee throughout the district," said Rai, adding, "We have determined pocket areas for coffee cultivation and distributed 25,000 saplings to the farmers this year. We are planning to distribute 200,000 saplings next year. Farmers have also become excited after the municipality provided saplings free of cost.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Meanwhile, Diprung Chuichumma Rural Municipality has started converting Mysangtar hill into a tea garden. The rural municipality has planted seven thousand tea plants on the hill in Ward-6 Chitapokhari on about 40 acres of government land.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The hill, which also has Paruhang Park in Sumni, is a favorite destination of domestic tourists. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Lokendra Rai, chairman of the rural municipality, said that with the increase in the number of domestic tourists in the coming days, they also plan to attract foreign tourists and to provide employment from agriculture</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“We have started converting Mysangtar hill into a tea garden. Every day, domestic tourists come to Mysangtar Hill where you can see the views of the mountains and plains along with the various terrains of the district,” he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">This year, the municipality planted 7,000 tea plants and is preparing to increase the number of plants continuously in the coming year. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Kepilasgarhi Rural Municipality-1 Fedi has also started planting tea plants. Ward chairman Neerkumar Rai said that 200,000 tea plants will be planted this year with the financial and technical support of the Watershed-based Climate Uplifting Livelihood Project.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the rural municipality, commercial tea plantation was started in Fedi since last year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, Sakela Rural Municipality, the smallest local level of the district (having only five wards), has planted seven thousand saplings this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the rural municipality, workers have also been hired to take care of the tea garden of Tawa Bhanjyang, a tourist spot. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Birsika Rai, deputy chief of the rural municipality, informed that the purpose of the rural municipality is to attract internal and external tourists by linking tea cultivation with tourism promotion.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Commercial tea cultivation has also been started in Kapase Bhanjyang located in Khotehang Rural Municipality. According to the rural municipality, 15,000 tea plants provided free of charge by the Temke-Thamdanda Agricultural Cooperative Society have been planted. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The local levels have said that preparations are being made to process and use the produced tea and coffee in the district. According to the Agriculture Knowledge Centre, there are 62,360 hectares of cultivable land in the district.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18189', 'image' => '20230714104455_Tea.jpg', 'article_date' => '2023-07-14 10:44:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18458', 'article_category_id' => '1', 'title' => 'Seven New Broker Companies Commence Trading', 'sub_title' => '', 'summary' => 'Seven new broker companies have commenced trading in the stock market.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 13: Seven new broker companies have commenced trading in the stock market.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Bhole Ganesh Securities Limited, Capital Max Securities Limited, Himalayan Brokerage Limited, Sun Securities Pvt. Ltd., Miyo Securities Pvt. Ltd., SharePro Securities Pvt. Ltd., and Property Wizard Limited have officially started their operations as members of the Nepal Stock Exchange (NEPSE).</span></span></p> <p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prior to live trading, these companies conducted test transactions.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“All seven new broker companies completed test transactions and had participated in regular trading,” said Krishna Giri, the CEO of Sun Securities Pvt. Ltd. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">On the first day, the new broker companies conducted a minimal volume of stock trading, according to Giri.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Giri shared that new broker companies have both challenges and opportunities before them. He called for the cooperation of investors and other stakeholders to overcome the challenges facing them at the moment.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the first phase, Securities Board of Nepal(SEBON) had granted broker licenses to eight broker companies on May 22. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">New companies had acquired membership of Nepal Stock Exchange(NEPSE) on July 5. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">While 18 companies have obtained broker licenses from SEBON so far, 25 companies are still waiting for licenses.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of 18 companies that have obtained broker licenses, one company is in the process of merging with an existing broker company. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The remaining 10 companies have submitted applications for the membership of the NEPSE. </span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18188', 'image' => '20230714054533_collage (79).jpg', 'article_date' => '2023-07-14 05:41:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18473', 'article_category_id' => '1', 'title' => 'Export of Black Cardamom Up by 85 Percent', 'sub_title' => 'Businessmen Insist on Exploring New Markets for Exporting Black Cardamom', 'summary' => 'July 16: Black cardamom is one of the top exported items of Nepal. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pratiksha Kandel</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 16: Black cardamom is one of the top exported items of Nepal. Nepal exported black cardamom worth Rs 7.7 billion to different countries of the world from mid-July to mid- May of the current fiscal year, according to the data of the Department of Customs. But since the market of black cardamom produced in Nepal is concentrated only in India, businessmen have been saying that new destinations should be explored for the market expansion of black cardamom.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the department, 9,386 metric tons of black cardamom have been exported from Nepal in the 11 months of the current fiscal year. During the same period last year, 5,500 metric tons of black cardamom worth Rs 4.55 billion were exported. Compared to last year's exports in 11 months, black cardamom exports have increased by 69 percent in terms of monetary value and 85 percent in volume this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal has been exporting black cardamom to India, Italy, Pakistan, the USA, Germany and other countries. During the 11 months of the current fiscal year, 9,341 metric tons of black cardamom worth Rs 7.68 billion have been exported to India alone. That is a staggerring 99.52 percent of the total export of black cardamom.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Along with the production of black cardamom in Nepal, the production area is also increasing. According to the National Potato Vegetable and Spice Development Center, 2.5 million metric tons of black cardamom has been produced in Nepal in the last six years. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the center, in the fiscal year 2073-74, around 401,000 metric tons of black cardamom were cultivated in 21,562 hectares of land in Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the fiscal year 2078-79, the area and output of cardamom production increased to 22,913 hectares and 435,584 metric tons respectively.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Raj Kumar Karki, outgoing president of the Nepal Cardamom Traders Federation, says that India is the main market for black cardamom produced in Nepal and the demand for Nepali black cardamom in India is high. He argues that since the domestic production of black cardamom in India is increasing, Nepal should find a new markets for exporting black cardamom. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After India, Bangladesh is also the next big market for black cardamom produced in Nepal. But due to the compulsion of having to pay 35 percent tax when exporting the products to Bangladesh, black cardamom of Nepal is unable to compete with the black cardamom sent to Bangladesh from other countries, said Karki.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“Bhutan is exporting black cardamom to Bangladesh paying zero percent tax. Therefore, it is necessary for the government to facilitate policy on tax and other matters to export Nepal’s black cardamom to Bangladesh,” says Karki.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that Nepal has not been able to increase the export of black cardamom to third countries due to the high cost of air freight.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Karki predicted that the production of black cardamom will decline by 35 to 45 percent this year. According to Karki, the price of cardamom has already reached 1,000 per kg as the production is expected to further decrease in the coming year.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18203', 'image' => '20230716010754_BlackCardamom.jpg', 'article_date' => '2023-07-16 13:07:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18472', 'article_category_id' => '1', 'title' => 'Janakpur-Jayanagar Train Service to be Extended to Bijalpura ', 'sub_title' => '', 'summary' => 'July 16: The train service in operation from Jayanagar in India to Janakpurdham, Nepal is going to be expanded to Bhangaha Bijalpura in Mahottari. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 16: The train service in operation from Jayanagar in India to Janakpurdham, Nepal is going to be expanded to Bhangaha Bijalpura in Mahottari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Physical Infrastructure and Transport Prakash Jwala is scheduled to launch the extension service today (July 16). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The train service currently operates along a 35 km stretch from Jayanagar to Janakpurdham will be extended to Kurtha to cover a total distance of 52 km. The train service is operating regularly for the past 15 months. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After the completion of the second phase of physical infrastructure, the train service is going to be extended to Bijalpura, said the General Manager of the Department of Railways Niranjan Jha. However, due to the dispute over land compensation, the construction of the third phase of railway infrastructure from Bijalpura to Bardibas has been stopped. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The broad gauge two-set train was put into operation from April 2, 2022. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18202', 'image' => '20230716115557_Railwayy (1).jpeg', 'article_date' => '2023-07-16 11:55:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18471', 'article_category_id' => '1', 'title' => 'Commercial Paragliding Begins in Kavre ', 'sub_title' => '', 'summary' => 'July 16: Commercial paragliding is now available from Devisthan danda, a tourist spot located in Dhulikhel municipality-9 of Kavrepalanchok district. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 16: Commercial paragliding is now available from Devisthan danda, a tourist spot located in Dhulikhel municipality-9 of Kavrepalanchok district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The paragliding flight takes place from Devisthan to Badal village located in ward no 8 of the municipality, covering a distance of about one and a half kilometers from at an altitude of 5,500 feet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former Minister and Member of Parliament Gokul Prasad Banskota launched the commercial paragliding flight on Saturday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Culture, Tourism and Civil Aviation, and Civil Aviation Authority of Nepal have given permission to Bishwabazar Paragliding Pvt Ltd to conduct recreational aviation flights after meeting the necessary criteria. </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"">Chairman of the company Kiran Karki said that paragliding has been started in Dhulikhel in collaboration with paragliding companies operating in Pokhara.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Accidental insurance fund of Rs 3.7 million has been established for the people who take the paragliding flights. One has to pay Rs 7,000 for a one-time flight. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18201', 'image' => '20230716112456_20220821100035_para.jpg', 'article_date' => '2023-07-16 11:24:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18470', 'article_category_id' => '1', 'title' => 'Over 2,60,000 Migrant Workers Join Social Security Fund(SSF)', 'sub_title' => '', 'summary' => 'Currently, a total of 260,082 migrant workers have joined the social security scheme administered by the SSF.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 16: The enrollment of migrant workers in the Social Security Fund (SSF) has witnessed a significant rise, indicating a positive trend. These are workers who have obtained labor permits and ventured abroad for employment. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Currently, a total of 260,082 migrant workers have joined the social security scheme administered by the SSF.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">On March 22, 2023, the government implemented a provision mandating the association of migrant workers with the Social Security Fund. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to this provision, workers intending to work overseas must register with the Fund before acquiring their work permits.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Within the formal sector, 423,092 workers have already been enrolled in the Fund. Additionally, a combined total of 639,174 workers, including those from the formal sector and overseas employment sector, have been associated with the Fund.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Fund has disbursed claims amounting to Rs 5 billion to contributors under various social security schemes. Bibek Panthi, the spokesperson for the Fund, reported that 18,000 employers have also registered with the Fund, contributing a total of Rs 36.26 billion to date. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Fund collects a monthly contribution of 11 percent from workers in the formal sector and 20 percent from employers.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">So far, a total of 88,585 contributors have received different entitlements from the Fund, highlighting its active role in providing benefits and support to eligible individuals. (RSS)</span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18200', 'image' => '20230716055933_collage (1).jpg', 'article_date' => '2023-07-16 05:54:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '18469', 'article_category_id' => '1', 'title' => 'Nepal Exports Animal Feed to China for the First Time', 'sub_title' => '', 'summary' => 'Nepal has exported animal feed, specifically haylage, to China for the first time. The initial shipment of haylage, produced by Horizon International Pvt. Ltd in Bharatpur, was sent to China, marking the beginning of this new trade relationship.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">July 16: Nepal has exported animal feed, specifically haylage, to China for the first time. The initial shipment of haylage, produced by Horizon International Pvt. Ltd in Bharatpur, was sent to China, marking the beginning of this new trade relationship.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The company dispatched 10 containers of haylage as the first consignment, and, they plan to send 20 containers of animal feed to China daily. The company aims to export a total of 2000 million tons of animal feed to the city of Shigatse in China within a year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Chang, the chief executive officer of Horizon International Pvt. Ltd, explained that the company procured maize plants from local farmers in and around Bharatpur and processed them to create high-quality animal feed. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">As part of their efforts to support the farmers, advanced varieties of seeds, irrigation systems, and technical assistance are being provided to enhance production. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Chang further revealed that there is a significant demand for 500 containers of haylage in the Shigatse region of China. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">It is worth noting that Bharatpur Metropolitan Municipality and Shigatse city have a sister relationship, which has played a role in facilitating this animal feed export program. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The Ministry of Agriculture and Livestock Development, the Chinese Embassy in Nepal, and the Bharatpur Metropolitan Municipality have jointly initiated and supported this venture. (RSS)</span></span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18199', 'image' => '20230716054230_collage.jpg', 'article_date' => '2023-07-16 05:34:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18468', 'article_category_id' => '1', 'title' => 'Laxmi Bank and Sunrise Bank Start Integrated Transaction', 'sub_title' => '', 'summary' => 'Laxmi Bank Limited and Sunrise Bank Limited have started joint transaction from Friday. Following their merger, the two banks have started operating under the name "Laxmi Sunrise Bank Limited".', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 14: Laxmi Bank Limited and Sunrise Bank Limited have started joint transaction from Friday. Following their merger, the two banks have started operating under the name "Laxmi Sunrise Bank Limited". </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The final agreement for the merger between the two banks was reached on May 22.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Earlier, the merger proposal was approved by the respective general assemblies of both banks.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Additionally, the Nepal Rastra Bank (the central bank of Nepal) had granted its final approval for the merger on July 7.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the merger, the central office of the bank is located in Hattisar, Kathmandu. These two banks had merged with swap ration of 1:1. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Laxmi Bank's paid-up capital has a paid-up capital of Rs 11.55 billion, while Sunrise Bank's capital stands at Rs 10.11 billion.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">After the merger, the combined paid-up capital will be over Rs 21.66 billion.</span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18198', 'image' => '20230714055122_collage (82).jpg', 'article_date' => '2023-07-14 17:49:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18467', 'article_category_id' => '1', 'title' => 'NA Passes Bill to Raise National Debt', 'sub_title' => '', 'summary' => 'The upper house of the parliament, The National Assembly, has passed the Bill to Raise National Debt.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 14: The upper house of the parliament, The National Assembly, has passed the Bill to Raise National Debt.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> During Friday’s meeting of the NA, Finance Minister Dr. Prakash Sharan Mahat presented a proposal to return the bill, which had received suggestions from the House of Representatives (HoR), to the lower house of the Federal Parliament without any amendments.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The majority of lawmakers supported this proposal, leading to its passage.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During the discussion of the bill's clauses, some legislators raised concerns about the utility of increasing national debt when the percentage of public debt is already rising in comparison to the gross domestic product. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite these concerns, the bill proceeded and was ultimately approved.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The National Assembly's next session is scheduled for July 17 at 1:00 pm.</span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18197', 'image' => '20230714051020_collage (80).jpg', 'article_date' => '2023-07-14 17:09:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18466', 'article_category_id' => '1', 'title' => 'Import of Paddy through Birgunj Customs Increases', 'sub_title' => '', 'summary' => 'July 14: The import of paddy from Birgunj, the country's main trading port, has increased considerably. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">July 14: The import of paddy from Birgunj, the country's main trading port, has increased considerably. Entrepreneurs say that the decrease in the import of rice and increase in the import of its raw material, paddy is a positive indication.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The data of Birgunj Customs Office shows that the import of paddy through this checkpoint increased by 60 percent in 11 months of the current fiscal year (FY 2023/24).</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to Information Officer of Birgunj Customs, Ram Chandra Dhakal, industries of Bara and Parsa import paddy through this check point. Most of the big rice industries are operating in the same area and are dependent on imported paddy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the review period, 335,000 metric tons of rice worth Rs 12.37 billion were imported from India.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the customs data, 43,325 tons of rice of different brands was imported last year from Birgunj, but this year it was limited to 32,597 tons. Imports of rice have been affected after India, imposed a 20 percent duty on exports. India adopted such a policy to control prices in the domestic market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Initially, India also levied duties on paddy exports, which was lifted after the initiative of local entrepreneurs. India has set an export quota of 600,000 tons of paddy for Nepal this year. This amount is 100,000 tons more than the previous year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Import of wheat through this checkpoint on the other hand decreased by 77 percent. In the previous year, 21,395 metric tons of wheat were imported in 11 months, but this year only 4,902 tons were imported. India has set a quota of 50,000 tons of wheat to be exported to Nepal annually. The data shows that the import of food grains including buckwheat, millet and bran through this check point also decreased. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18196', 'image' => '20230714044016_Paddy.jpg', 'article_date' => '2023-07-14 16:39:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18465', 'article_category_id' => '1', 'title' => 'National Assembly Passes Finance Bill, 2080 ', 'sub_title' => '', 'summary' => 'July 14: A meeting of the National Assembly on Friday passed the Finance Bill, 2080. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 14: A meeting of the National Assembly on Friday passed the Finance Bill, 2080. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, Finance Minister Dr Prakash Sharan Mahat had presented a proposal to return the Bill, which was received from the House of Representatives with suggestions, to the HoR without any amendment. The NA passed the finance minister's proposal with majority. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although the NA members had presented a proposal of increasing tax on tobacco related products, it was rejected. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18195', 'image' => '20230714032233_1689320568.Rastriya Shabha.jpg', 'article_date' => '2023-07-14 15:22:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18463', 'article_category_id' => '1', 'title' => 'Government Preparing to Implement Budget without a Master plan', 'sub_title' => '', 'summary' => 'July 14: As in the previous years, the government during this fiscal year spent billions of rupees in the last month. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">July 14: As in the previous years, the government during this fiscal year spent billions of rupees in the last month. Now the government is about to implement the budget for the next fiscal year (FY 2023/24) without a proper 'master plan'.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The Ministry of Finance, which is mainly responsible for the implementation of the budget, has shown no interest in creating a result-oriented master plan except for making simple guidelines as in the past.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Finance Minister Dr Prakash Sharan Mahat a few days ago directed the officials of all the ministries to get ready for implementing the budget. The secretaries did not pay much attention to it. After the finance minister's directive, the officials of the Finance Ministry are preparing to issue budget implementation guidelines as the previous year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“It is going to be released after adding some points to the previous year's guidance. A separate master plan has not been prepared," said a senior official of the Ministry of Finance.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to him, the guidelines will make clear arrangements for program approval, budget disbursement, budget expenditure, budget transfer, monitoring and intergovernmental financial transfer. Likewise, some other unclear points in the budget will be clarified.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Similar guidelines were issued by the Ministry of Finance earlier too. However, it did not bring significant results in the budget spending system. In this background, it is estimated that the guidelines for the upcoming fiscal year will not be effective.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As in the past, the Ministry of Finance is preparing to bring ritualistic guidelines.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to experts, the government should make a master plan for budget implementation. Former Vice Chairman of the National Planning Commission Dr. Pushparaj Kandel claimed that the upcoming budget will be stagnant as the government does not have a master plan. According to him, the budget has been brought without ensuring resources.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that the system will not improve until a master plan is made and the budget is implemented accordingly.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Nepal Chamber of Commerce President Rajendra Malla also said that the government should make a master plan for implementing the budget. He believes that bringing ritualistic guidelines as in the previous years will not make any difference in the implementation of the budget.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Meanwhile Finance Minister Mahat reiterated that preparations for the implementation of the budget have already started. Speaking in the National Assembly on Thursday, he did not reveal how the budget will be implemented. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Stating that funds should be kept under various headings to spend on the urgent work of the country, he said that he is fully committed to prohibiting unnecessary spending on work including natural disasters and maintaining discipline. Mahat said that no one can spend any government resources by going beyond the rules and regulations. He said that because the income is low, the budget of the federal and state governments has been reduced.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Mahat claimed that he made an honest effort to solve the problems that were being compounded due to the current crisis. The annual estimate (budget) of revenue and expenditure for the year 2023/24 presented by the government has been passed by both houses of the Federal Parliament. In the National Assembly meeting, Finance Minister Mahat presented a proposal to pass the Appropriation Bill, 2080 received with a message from the House of Representatives. Before that, the proposal to reduce the expenditure presented under various headings under the Appropriation Bill, 2080 was rejected by the majority.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The budget for the coming year was passed by the House of Representatives on June 27. The government presented the budget for the upcoming fiscal year at a joint meeting of both houses of the Federal Parliament on May 29. The passage of the budget of Rs 1751 by both the houses of the Federal Parliament has paved the way to implement it from the first day of the new fiscal year (July 17).</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18193', 'image' => '20230714023452_1683767264.jpg', 'article_date' => '2023-07-14 14:34:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18462', 'article_category_id' => '1', 'title' => 'Government Still ‘Discussing’ Implementation of BRI Six Years after Signing Pact with China', 'sub_title' => '', 'summary' => 'July 14: The Government of Nepal has said that it is currently discussing the issue of implementing the Belt and Road Initiative (BRI) project of China. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 14: The Government of Nepal has said that it is currently discussing the issue of implementing the Belt and Road Initiative (BRI) project of China. Nepal and China signed an agreement on the BRI project in 2017. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Delivering a statement in the National Assembly meeting on Thursday, Minister for Foreign Affairs, NP Saud said, "Discussions are being held between the two countries regarding the implementation of the BRI." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Though the agreement on BRI was signed back in 2017, no decision has been made so far on the modality of moving ahead the projects. </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"">Earlier, Chinese Ambassador to Nepal, Chen Song had claimed during the inauguration of the Pokhara Regional International Airport on January 1 that the airport was constructed under the BRI project. Foreign Minister Saud however said that no project has been moved ahead under the BRI so far. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said that the feasibility study of the Kerung-Kathmandu Railway and the Inter-country Power Transmission Line between the two countries is being carried out under this project. These projects were signed during the visit of China's then Foreign Minister Wang Yi to Nepal in March 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the occasion, former Foreign Minister Bimala Paudyal Rai enquired whether Nepal has deviated from its non-aligned foreign policy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response, Minister Saud mentioned that Nepal has been able to achieve credibility and respect in the world due to the independent, balanced, impartial and objective point of view it has adopted.</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"">He added that Nepal has been strengthening and expanding relations with other countries including neighjbouring countries on the basis of universal equality, mutual respect and benefit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Foreign Minister Saud had participated in the Summit of Non-Aligned Movement held at Baku of Azerbaijan from July 3-6. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I had expressed commitment of the Government of Nepal on collaboration for further highlighting the relevance and significance of the Non-Aligned Movement in the changing international scenario. Therefore, I would like to make it clear that Nepal's commitment towards adopting non-aligned foreign policy is consistent," he shared. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18192', 'image' => '20230714012959_20221227011524_Flag-Pins-Nepal-China.jpg', 'article_date' => '2023-07-14 13:29:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18461', 'article_category_id' => '1', 'title' => 'Investment Board Signs MoU with German Company to Study Prospects of Fertilizer Plant in Nepal ', 'sub_title' => '', 'summary' => 'July 14: Investment Board Nepal (IBN) on Thursday signed a Memorandum of Understanding (MoU) with German-based DIAG Industries GmbH for the preparation of the Detailed Feasibility Study Report for the establishment of a chemical fertiliser plant in Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 14: Investment Board Nepal (IBN) on Thursday signed a Memorandum of Understanding (MoU) with German-based DIAG Industries GmbH for the preparation of the Detailed Feasibility Study Report for the establishment of a chemical fertiliser plant in Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chief Executive Officer of Investment Board Nepal, Sushil Bhatta, and Managing Director of DIAG Industries GmbH, Benjamin Becker, signed the MoU on behalf of their respective organisations.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a statement on Thursday, IBN said its 50th board meeting held on March 31, 2022, had decided to issue a survey licence to DIAG Industries GmbH as per the provision of the Public Private Partnership and Investment Regulation, 2020. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, the 53rd board meeting of Investment Board Nepal held on April 13, 2023, had endorsed the MoU draft to be signed with the German company. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the MoU, DIAG Industries GmbH will have to submit the Detailed Feasibility Study Report (DFSR) within 24 months following the issuance of the survey licence. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The latter shall select the appropriate technology from among natural gas, electrolysis (with carbon capture storage) or hybrid (both natural gas and carbon capture) during the study for production of at least 700,000 tonnes of chemical fertiliser (urea) per annum at a total initial estimated cost of USD 714 million,” reads the statement. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18191', 'image' => '20230714125222_b7t-zJgsYWhEyo623LIg7cn5iQnZL4pLm1triWLEP74=_plaintext_638248400687684173.jpg', 'article_date' => '2023-07-14 12:49:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18460', 'article_category_id' => '1', 'title' => 'Country to Add 900 MW Power in its System Next Year: Energy Minister', 'sub_title' => '', 'summary' => 'July 14: Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet has said that the country will add 900 megawatts of power in the upcoming fiscal year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 14: Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet has said that the country will add 900 megawatts of power in the upcoming fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Responding to the lawmakers' concerns on the Appropriation Bill during a meeting of the National Assembly on Thursday, Minister Basnet reiterated that the government was focused more on increasing domestic power consumption and to export the surplus power. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Currently, the country produces around 2,000 megawatts of electricity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Basnet shared with the National Assembly members that the country is expected to export 10,000 megawatt of power to India in the coming decade and the projects with the capacity of 20,000 megawatt of power would be developed by then to make this happen. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Minister Basnet shared the government’s plan to advance some reservoir-based mega projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the lawmakers had questioned the minister why an Indian company was awarded to build the Lower Arun Hydropower Project. In response, Minister Basnet said that the process for the development of the Lower Arun Hydropower Project was started long time ago. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18190', 'image' => '20230714114308_20201124013134_1606189873.Clipboard01a.jpg', 'article_date' => '2023-07-14 11:42:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18459', 'article_category_id' => '1', 'title' => 'Local Units of Khotang Promoting Tea and Coffee Farming', 'sub_title' => '', 'summary' => 'July 14: Most of the local units of Khotang district have started implementing programmes for promotion of tea and coffee farming.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">July 14: Most of the local units of Khotang district have started implementing programmes for promotion of tea and coffee farming.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Most of the local levels have implemented programs to promote tea and coffee cultivation with the aim of utilizing the fallow areas in the highlands and to increase the source of income by creating jobs for the local residents in their own villages.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Diktel Rupakot Majhuwagadhi Municipality, the largest local level in the district with 15 wards, has distributed 25,000 coffee plants for free this year. With the target of planting 500,000 coffee saplings within five years, the municipality has set up a nursery to grow 200,000 coffee plants. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Deputy Mayor of Diketl Bishan Rai said that the coffee cultivation promotion program has been implemented with the goal of producing 1 million kg of processed coffee per year. It has been found that the demand for coffee has increased a lot in the district.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Coffee now has an annual capital flight of over Rs 200 million. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“Within the next few years, the rural municipality's goal is to meet the demand for coffee throughout the district," said Rai, adding, "We have determined pocket areas for coffee cultivation and distributed 25,000 saplings to the farmers this year. We are planning to distribute 200,000 saplings next year. Farmers have also become excited after the municipality provided saplings free of cost.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Meanwhile, Diprung Chuichumma Rural Municipality has started converting Mysangtar hill into a tea garden. The rural municipality has planted seven thousand tea plants on the hill in Ward-6 Chitapokhari on about 40 acres of government land.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The hill, which also has Paruhang Park in Sumni, is a favorite destination of domestic tourists. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Lokendra Rai, chairman of the rural municipality, said that with the increase in the number of domestic tourists in the coming days, they also plan to attract foreign tourists and to provide employment from agriculture</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“We have started converting Mysangtar hill into a tea garden. Every day, domestic tourists come to Mysangtar Hill where you can see the views of the mountains and plains along with the various terrains of the district,” he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">This year, the municipality planted 7,000 tea plants and is preparing to increase the number of plants continuously in the coming year. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Kepilasgarhi Rural Municipality-1 Fedi has also started planting tea plants. Ward chairman Neerkumar Rai said that 200,000 tea plants will be planted this year with the financial and technical support of the Watershed-based Climate Uplifting Livelihood Project.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the rural municipality, commercial tea plantation was started in Fedi since last year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, Sakela Rural Municipality, the smallest local level of the district (having only five wards), has planted seven thousand saplings this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the rural municipality, workers have also been hired to take care of the tea garden of Tawa Bhanjyang, a tourist spot. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Birsika Rai, deputy chief of the rural municipality, informed that the purpose of the rural municipality is to attract internal and external tourists by linking tea cultivation with tourism promotion.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Commercial tea cultivation has also been started in Kapase Bhanjyang located in Khotehang Rural Municipality. According to the rural municipality, 15,000 tea plants provided free of charge by the Temke-Thamdanda Agricultural Cooperative Society have been planted. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The local levels have said that preparations are being made to process and use the produced tea and coffee in the district. According to the Agriculture Knowledge Centre, there are 62,360 hectares of cultivable land in the district.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18189', 'image' => '20230714104455_Tea.jpg', 'article_date' => '2023-07-14 10:44:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18458', 'article_category_id' => '1', 'title' => 'Seven New Broker Companies Commence Trading', 'sub_title' => '', 'summary' => 'Seven new broker companies have commenced trading in the stock market.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 13: Seven new broker companies have commenced trading in the stock market.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Bhole Ganesh Securities Limited, Capital Max Securities Limited, Himalayan Brokerage Limited, Sun Securities Pvt. Ltd., Miyo Securities Pvt. Ltd., SharePro Securities Pvt. Ltd., and Property Wizard Limited have officially started their operations as members of the Nepal Stock Exchange (NEPSE).</span></span></p> <p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prior to live trading, these companies conducted test transactions.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“All seven new broker companies completed test transactions and had participated in regular trading,” said Krishna Giri, the CEO of Sun Securities Pvt. Ltd. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">On the first day, the new broker companies conducted a minimal volume of stock trading, according to Giri.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Giri shared that new broker companies have both challenges and opportunities before them. He called for the cooperation of investors and other stakeholders to overcome the challenges facing them at the moment.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the first phase, Securities Board of Nepal(SEBON) had granted broker licenses to eight broker companies on May 22. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">New companies had acquired membership of Nepal Stock Exchange(NEPSE) on July 5. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">While 18 companies have obtained broker licenses from SEBON so far, 25 companies are still waiting for licenses.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of 18 companies that have obtained broker licenses, one company is in the process of merging with an existing broker company. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The remaining 10 companies have submitted applications for the membership of the NEPSE. </span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18188', 'image' => '20230714054533_collage (79).jpg', 'article_date' => '2023-07-14 05:41:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18473', 'article_category_id' => '1', 'title' => 'Export of Black Cardamom Up by 85 Percent', 'sub_title' => 'Businessmen Insist on Exploring New Markets for Exporting Black Cardamom', 'summary' => 'July 16: Black cardamom is one of the top exported items of Nepal. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pratiksha Kandel</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 16: Black cardamom is one of the top exported items of Nepal. Nepal exported black cardamom worth Rs 7.7 billion to different countries of the world from mid-July to mid- May of the current fiscal year, according to the data of the Department of Customs. But since the market of black cardamom produced in Nepal is concentrated only in India, businessmen have been saying that new destinations should be explored for the market expansion of black cardamom.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the department, 9,386 metric tons of black cardamom have been exported from Nepal in the 11 months of the current fiscal year. During the same period last year, 5,500 metric tons of black cardamom worth Rs 4.55 billion were exported. Compared to last year's exports in 11 months, black cardamom exports have increased by 69 percent in terms of monetary value and 85 percent in volume this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal has been exporting black cardamom to India, Italy, Pakistan, the USA, Germany and other countries. During the 11 months of the current fiscal year, 9,341 metric tons of black cardamom worth Rs 7.68 billion have been exported to India alone. That is a staggerring 99.52 percent of the total export of black cardamom.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Along with the production of black cardamom in Nepal, the production area is also increasing. According to the National Potato Vegetable and Spice Development Center, 2.5 million metric tons of black cardamom has been produced in Nepal in the last six years. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the center, in the fiscal year 2073-74, around 401,000 metric tons of black cardamom were cultivated in 21,562 hectares of land in Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the fiscal year 2078-79, the area and output of cardamom production increased to 22,913 hectares and 435,584 metric tons respectively.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Raj Kumar Karki, outgoing president of the Nepal Cardamom Traders Federation, says that India is the main market for black cardamom produced in Nepal and the demand for Nepali black cardamom in India is high. He argues that since the domestic production of black cardamom in India is increasing, Nepal should find a new markets for exporting black cardamom. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After India, Bangladesh is also the next big market for black cardamom produced in Nepal. But due to the compulsion of having to pay 35 percent tax when exporting the products to Bangladesh, black cardamom of Nepal is unable to compete with the black cardamom sent to Bangladesh from other countries, said Karki.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“Bhutan is exporting black cardamom to Bangladesh paying zero percent tax. Therefore, it is necessary for the government to facilitate policy on tax and other matters to export Nepal’s black cardamom to Bangladesh,” says Karki.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that Nepal has not been able to increase the export of black cardamom to third countries due to the high cost of air freight.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Karki predicted that the production of black cardamom will decline by 35 to 45 percent this year. According to Karki, the price of cardamom has already reached 1,000 per kg as the production is expected to further decrease in the coming year.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18203', 'image' => '20230716010754_BlackCardamom.jpg', 'article_date' => '2023-07-16 13:07:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18472', 'article_category_id' => '1', 'title' => 'Janakpur-Jayanagar Train Service to be Extended to Bijalpura ', 'sub_title' => '', 'summary' => 'July 16: The train service in operation from Jayanagar in India to Janakpurdham, Nepal is going to be expanded to Bhangaha Bijalpura in Mahottari. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 16: The train service in operation from Jayanagar in India to Janakpurdham, Nepal is going to be expanded to Bhangaha Bijalpura in Mahottari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Physical Infrastructure and Transport Prakash Jwala is scheduled to launch the extension service today (July 16). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The train service currently operates along a 35 km stretch from Jayanagar to Janakpurdham will be extended to Kurtha to cover a total distance of 52 km. The train service is operating regularly for the past 15 months. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After the completion of the second phase of physical infrastructure, the train service is going to be extended to Bijalpura, said the General Manager of the Department of Railways Niranjan Jha. However, due to the dispute over land compensation, the construction of the third phase of railway infrastructure from Bijalpura to Bardibas has been stopped. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The broad gauge two-set train was put into operation from April 2, 2022. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18202', 'image' => '20230716115557_Railwayy (1).jpeg', 'article_date' => '2023-07-16 11:55:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18471', 'article_category_id' => '1', 'title' => 'Commercial Paragliding Begins in Kavre ', 'sub_title' => '', 'summary' => 'July 16: Commercial paragliding is now available from Devisthan danda, a tourist spot located in Dhulikhel municipality-9 of Kavrepalanchok district. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 16: Commercial paragliding is now available from Devisthan danda, a tourist spot located in Dhulikhel municipality-9 of Kavrepalanchok district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The paragliding flight takes place from Devisthan to Badal village located in ward no 8 of the municipality, covering a distance of about one and a half kilometers from at an altitude of 5,500 feet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former Minister and Member of Parliament Gokul Prasad Banskota launched the commercial paragliding flight on Saturday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Culture, Tourism and Civil Aviation, and Civil Aviation Authority of Nepal have given permission to Bishwabazar Paragliding Pvt Ltd to conduct recreational aviation flights after meeting the necessary criteria. </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"">Chairman of the company Kiran Karki said that paragliding has been started in Dhulikhel in collaboration with paragliding companies operating in Pokhara.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Accidental insurance fund of Rs 3.7 million has been established for the people who take the paragliding flights. One has to pay Rs 7,000 for a one-time flight. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18201', 'image' => '20230716112456_20220821100035_para.jpg', 'article_date' => '2023-07-16 11:24:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18470', 'article_category_id' => '1', 'title' => 'Over 2,60,000 Migrant Workers Join Social Security Fund(SSF)', 'sub_title' => '', 'summary' => 'Currently, a total of 260,082 migrant workers have joined the social security scheme administered by the SSF.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 16: The enrollment of migrant workers in the Social Security Fund (SSF) has witnessed a significant rise, indicating a positive trend. These are workers who have obtained labor permits and ventured abroad for employment. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Currently, a total of 260,082 migrant workers have joined the social security scheme administered by the SSF.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">On March 22, 2023, the government implemented a provision mandating the association of migrant workers with the Social Security Fund. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to this provision, workers intending to work overseas must register with the Fund before acquiring their work permits.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Within the formal sector, 423,092 workers have already been enrolled in the Fund. Additionally, a combined total of 639,174 workers, including those from the formal sector and overseas employment sector, have been associated with the Fund.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Fund has disbursed claims amounting to Rs 5 billion to contributors under various social security schemes. Bibek Panthi, the spokesperson for the Fund, reported that 18,000 employers have also registered with the Fund, contributing a total of Rs 36.26 billion to date. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Fund collects a monthly contribution of 11 percent from workers in the formal sector and 20 percent from employers.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">So far, a total of 88,585 contributors have received different entitlements from the Fund, highlighting its active role in providing benefits and support to eligible individuals. (RSS)</span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18200', 'image' => '20230716055933_collage (1).jpg', 'article_date' => '2023-07-16 05:54:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '18469', 'article_category_id' => '1', 'title' => 'Nepal Exports Animal Feed to China for the First Time', 'sub_title' => '', 'summary' => 'Nepal has exported animal feed, specifically haylage, to China for the first time. The initial shipment of haylage, produced by Horizon International Pvt. Ltd in Bharatpur, was sent to China, marking the beginning of this new trade relationship.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">July 16: Nepal has exported animal feed, specifically haylage, to China for the first time. The initial shipment of haylage, produced by Horizon International Pvt. Ltd in Bharatpur, was sent to China, marking the beginning of this new trade relationship.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The company dispatched 10 containers of haylage as the first consignment, and, they plan to send 20 containers of animal feed to China daily. The company aims to export a total of 2000 million tons of animal feed to the city of Shigatse in China within a year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Chang, the chief executive officer of Horizon International Pvt. Ltd, explained that the company procured maize plants from local farmers in and around Bharatpur and processed them to create high-quality animal feed. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">As part of their efforts to support the farmers, advanced varieties of seeds, irrigation systems, and technical assistance are being provided to enhance production. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Chang further revealed that there is a significant demand for 500 containers of haylage in the Shigatse region of China. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">It is worth noting that Bharatpur Metropolitan Municipality and Shigatse city have a sister relationship, which has played a role in facilitating this animal feed export program. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The Ministry of Agriculture and Livestock Development, the Chinese Embassy in Nepal, and the Bharatpur Metropolitan Municipality have jointly initiated and supported this venture. (RSS)</span></span></span></p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18199', 'image' => '20230716054230_collage.jpg', 'article_date' => '2023-07-16 05:34:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18468', 'article_category_id' => '1', 'title' => 'Laxmi Bank and Sunrise Bank Start Integrated Transaction', 'sub_title' => '', 'summary' => 'Laxmi Bank Limited and Sunrise Bank Limited have started joint transaction from Friday. Following their merger, the two banks have started operating under the name "Laxmi Sunrise Bank Limited".', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 14: Laxmi Bank Limited and Sunrise Bank Limited have started joint transaction from Friday. Following their merger, the two banks have started operating under the name "Laxmi Sunrise Bank Limited". </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The final agreement for the merger between the two banks was reached on May 22.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Earlier, the merger proposal was approved by the respective general assemblies of both banks.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Additionally, the Nepal Rastra Bank (the central bank of Nepal) had granted its final approval for the merger on July 7.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the merger, the central office of the bank is located in Hattisar, Kathmandu. These two banks had merged with swap ration of 1:1. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Laxmi Bank's paid-up capital has a paid-up capital of Rs 11.55 billion, while Sunrise Bank's capital stands at Rs 10.11 billion.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">After the merger, the combined paid-up capital will be over Rs 21.66 billion.</span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18198', 'image' => '20230714055122_collage (82).jpg', 'article_date' => '2023-07-14 17:49:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18467', 'article_category_id' => '1', 'title' => 'NA Passes Bill to Raise National Debt', 'sub_title' => '', 'summary' => 'The upper house of the parliament, The National Assembly, has passed the Bill to Raise National Debt.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 14: The upper house of the parliament, The National Assembly, has passed the Bill to Raise National Debt.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> During Friday’s meeting of the NA, Finance Minister Dr. Prakash Sharan Mahat presented a proposal to return the bill, which had received suggestions from the House of Representatives (HoR), to the lower house of the Federal Parliament without any amendments.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The majority of lawmakers supported this proposal, leading to its passage.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During the discussion of the bill's clauses, some legislators raised concerns about the utility of increasing national debt when the percentage of public debt is already rising in comparison to the gross domestic product. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite these concerns, the bill proceeded and was ultimately approved.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The National Assembly's next session is scheduled for July 17 at 1:00 pm.</span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18197', 'image' => '20230714051020_collage (80).jpg', 'article_date' => '2023-07-14 17:09:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18466', 'article_category_id' => '1', 'title' => 'Import of Paddy through Birgunj Customs Increases', 'sub_title' => '', 'summary' => 'July 14: The import of paddy from Birgunj, the country's main trading port, has increased considerably. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">July 14: The import of paddy from Birgunj, the country's main trading port, has increased considerably. Entrepreneurs say that the decrease in the import of rice and increase in the import of its raw material, paddy is a positive indication.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The data of Birgunj Customs Office shows that the import of paddy through this checkpoint increased by 60 percent in 11 months of the current fiscal year (FY 2023/24).</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to Information Officer of Birgunj Customs, Ram Chandra Dhakal, industries of Bara and Parsa import paddy through this check point. Most of the big rice industries are operating in the same area and are dependent on imported paddy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the review period, 335,000 metric tons of rice worth Rs 12.37 billion were imported from India.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the customs data, 43,325 tons of rice of different brands was imported last year from Birgunj, but this year it was limited to 32,597 tons. Imports of rice have been affected after India, imposed a 20 percent duty on exports. India adopted such a policy to control prices in the domestic market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Initially, India also levied duties on paddy exports, which was lifted after the initiative of local entrepreneurs. India has set an export quota of 600,000 tons of paddy for Nepal this year. This amount is 100,000 tons more than the previous year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Import of wheat through this checkpoint on the other hand decreased by 77 percent. In the previous year, 21,395 metric tons of wheat were imported in 11 months, but this year only 4,902 tons were imported. India has set a quota of 50,000 tons of wheat to be exported to Nepal annually. The data shows that the import of food grains including buckwheat, millet and bran through this check point also decreased. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18196', 'image' => '20230714044016_Paddy.jpg', 'article_date' => '2023-07-14 16:39:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18465', 'article_category_id' => '1', 'title' => 'National Assembly Passes Finance Bill, 2080 ', 'sub_title' => '', 'summary' => 'July 14: A meeting of the National Assembly on Friday passed the Finance Bill, 2080. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 14: A meeting of the National Assembly on Friday passed the Finance Bill, 2080. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, Finance Minister Dr Prakash Sharan Mahat had presented a proposal to return the Bill, which was received from the House of Representatives with suggestions, to the HoR without any amendment. The NA passed the finance minister's proposal with majority. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although the NA members had presented a proposal of increasing tax on tobacco related products, it was rejected. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18195', 'image' => '20230714032233_1689320568.Rastriya Shabha.jpg', 'article_date' => '2023-07-14 15:22:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18463', 'article_category_id' => '1', 'title' => 'Government Preparing to Implement Budget without a Master plan', 'sub_title' => '', 'summary' => 'July 14: As in the previous years, the government during this fiscal year spent billions of rupees in the last month. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">July 14: As in the previous years, the government during this fiscal year spent billions of rupees in the last month. Now the government is about to implement the budget for the next fiscal year (FY 2023/24) without a proper 'master plan'.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The Ministry of Finance, which is mainly responsible for the implementation of the budget, has shown no interest in creating a result-oriented master plan except for making simple guidelines as in the past.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Finance Minister Dr Prakash Sharan Mahat a few days ago directed the officials of all the ministries to get ready for implementing the budget. The secretaries did not pay much attention to it. After the finance minister's directive, the officials of the Finance Ministry are preparing to issue budget implementation guidelines as the previous year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“It is going to be released after adding some points to the previous year's guidance. A separate master plan has not been prepared," said a senior official of the Ministry of Finance.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to him, the guidelines will make clear arrangements for program approval, budget disbursement, budget expenditure, budget transfer, monitoring and intergovernmental financial transfer. Likewise, some other unclear points in the budget will be clarified.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Similar guidelines were issued by the Ministry of Finance earlier too. However, it did not bring significant results in the budget spending system. In this background, it is estimated that the guidelines for the upcoming fiscal year will not be effective.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As in the past, the Ministry of Finance is preparing to bring ritualistic guidelines.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to experts, the government should make a master plan for budget implementation. Former Vice Chairman of the National Planning Commission Dr. Pushparaj Kandel claimed that the upcoming budget will be stagnant as the government does not have a master plan. According to him, the budget has been brought without ensuring resources.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that the system will not improve until a master plan is made and the budget is implemented accordingly.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Nepal Chamber of Commerce President Rajendra Malla also said that the government should make a master plan for implementing the budget. He believes that bringing ritualistic guidelines as in the previous years will not make any difference in the implementation of the budget.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Meanwhile Finance Minister Mahat reiterated that preparations for the implementation of the budget have already started. Speaking in the National Assembly on Thursday, he did not reveal how the budget will be implemented. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Stating that funds should be kept under various headings to spend on the urgent work of the country, he said that he is fully committed to prohibiting unnecessary spending on work including natural disasters and maintaining discipline. Mahat said that no one can spend any government resources by going beyond the rules and regulations. He said that because the income is low, the budget of the federal and state governments has been reduced.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Mahat claimed that he made an honest effort to solve the problems that were being compounded due to the current crisis. The annual estimate (budget) of revenue and expenditure for the year 2023/24 presented by the government has been passed by both houses of the Federal Parliament. In the National Assembly meeting, Finance Minister Mahat presented a proposal to pass the Appropriation Bill, 2080 received with a message from the House of Representatives. Before that, the proposal to reduce the expenditure presented under various headings under the Appropriation Bill, 2080 was rejected by the majority.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The budget for the coming year was passed by the House of Representatives on June 27. The government presented the budget for the upcoming fiscal year at a joint meeting of both houses of the Federal Parliament on May 29. The passage of the budget of Rs 1751 by both the houses of the Federal Parliament has paved the way to implement it from the first day of the new fiscal year (July 17).</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18193', 'image' => '20230714023452_1683767264.jpg', 'article_date' => '2023-07-14 14:34:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18462', 'article_category_id' => '1', 'title' => 'Government Still ‘Discussing’ Implementation of BRI Six Years after Signing Pact with China', 'sub_title' => '', 'summary' => 'July 14: The Government of Nepal has said that it is currently discussing the issue of implementing the Belt and Road Initiative (BRI) project of China. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 14: The Government of Nepal has said that it is currently discussing the issue of implementing the Belt and Road Initiative (BRI) project of China. Nepal and China signed an agreement on the BRI project in 2017. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Delivering a statement in the National Assembly meeting on Thursday, Minister for Foreign Affairs, NP Saud said, "Discussions are being held between the two countries regarding the implementation of the BRI." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Though the agreement on BRI was signed back in 2017, no decision has been made so far on the modality of moving ahead the projects. </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"">Earlier, Chinese Ambassador to Nepal, Chen Song had claimed during the inauguration of the Pokhara Regional International Airport on January 1 that the airport was constructed under the BRI project. Foreign Minister Saud however said that no project has been moved ahead under the BRI so far. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said that the feasibility study of the Kerung-Kathmandu Railway and the Inter-country Power Transmission Line between the two countries is being carried out under this project. These projects were signed during the visit of China's then Foreign Minister Wang Yi to Nepal in March 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the occasion, former Foreign Minister Bimala Paudyal Rai enquired whether Nepal has deviated from its non-aligned foreign policy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response, Minister Saud mentioned that Nepal has been able to achieve credibility and respect in the world due to the independent, balanced, impartial and objective point of view it has adopted.</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"">He added that Nepal has been strengthening and expanding relations with other countries including neighjbouring countries on the basis of universal equality, mutual respect and benefit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Foreign Minister Saud had participated in the Summit of Non-Aligned Movement held at Baku of Azerbaijan from July 3-6. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I had expressed commitment of the Government of Nepal on collaboration for further highlighting the relevance and significance of the Non-Aligned Movement in the changing international scenario. Therefore, I would like to make it clear that Nepal's commitment towards adopting non-aligned foreign policy is consistent," he shared. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18192', 'image' => '20230714012959_20221227011524_Flag-Pins-Nepal-China.jpg', 'article_date' => '2023-07-14 13:29:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18461', 'article_category_id' => '1', 'title' => 'Investment Board Signs MoU with German Company to Study Prospects of Fertilizer Plant in Nepal ', 'sub_title' => '', 'summary' => 'July 14: Investment Board Nepal (IBN) on Thursday signed a Memorandum of Understanding (MoU) with German-based DIAG Industries GmbH for the preparation of the Detailed Feasibility Study Report for the establishment of a chemical fertiliser plant in Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 14: Investment Board Nepal (IBN) on Thursday signed a Memorandum of Understanding (MoU) with German-based DIAG Industries GmbH for the preparation of the Detailed Feasibility Study Report for the establishment of a chemical fertiliser plant in Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chief Executive Officer of Investment Board Nepal, Sushil Bhatta, and Managing Director of DIAG Industries GmbH, Benjamin Becker, signed the MoU on behalf of their respective organisations.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a statement on Thursday, IBN said its 50th board meeting held on March 31, 2022, had decided to issue a survey licence to DIAG Industries GmbH as per the provision of the Public Private Partnership and Investment Regulation, 2020. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, the 53rd board meeting of Investment Board Nepal held on April 13, 2023, had endorsed the MoU draft to be signed with the German company. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the MoU, DIAG Industries GmbH will have to submit the Detailed Feasibility Study Report (DFSR) within 24 months following the issuance of the survey licence. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The latter shall select the appropriate technology from among natural gas, electrolysis (with carbon capture storage) or hybrid (both natural gas and carbon capture) during the study for production of at least 700,000 tonnes of chemical fertiliser (urea) per annum at a total initial estimated cost of USD 714 million,” reads the statement. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18191', 'image' => '20230714125222_b7t-zJgsYWhEyo623LIg7cn5iQnZL4pLm1triWLEP74=_plaintext_638248400687684173.jpg', 'article_date' => '2023-07-14 12:49:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18460', 'article_category_id' => '1', 'title' => 'Country to Add 900 MW Power in its System Next Year: Energy Minister', 'sub_title' => '', 'summary' => 'July 14: Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet has said that the country will add 900 megawatts of power in the upcoming fiscal year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 14: Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet has said that the country will add 900 megawatts of power in the upcoming fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Responding to the lawmakers' concerns on the Appropriation Bill during a meeting of the National Assembly on Thursday, Minister Basnet reiterated that the government was focused more on increasing domestic power consumption and to export the surplus power. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Currently, the country produces around 2,000 megawatts of electricity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Basnet shared with the National Assembly members that the country is expected to export 10,000 megawatt of power to India in the coming decade and the projects with the capacity of 20,000 megawatt of power would be developed by then to make this happen. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Minister Basnet shared the government’s plan to advance some reservoir-based mega projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the lawmakers had questioned the minister why an Indian company was awarded to build the Lower Arun Hydropower Project. In response, Minister Basnet said that the process for the development of the Lower Arun Hydropower Project was started long time ago. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18190', 'image' => '20230714114308_20201124013134_1606189873.Clipboard01a.jpg', 'article_date' => '2023-07-14 11:42:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18459', 'article_category_id' => '1', 'title' => 'Local Units of Khotang Promoting Tea and Coffee Farming', 'sub_title' => '', 'summary' => 'July 14: Most of the local units of Khotang district have started implementing programmes for promotion of tea and coffee farming.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">July 14: Most of the local units of Khotang district have started implementing programmes for promotion of tea and coffee farming.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Most of the local levels have implemented programs to promote tea and coffee cultivation with the aim of utilizing the fallow areas in the highlands and to increase the source of income by creating jobs for the local residents in their own villages.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Diktel Rupakot Majhuwagadhi Municipality, the largest local level in the district with 15 wards, has distributed 25,000 coffee plants for free this year. With the target of planting 500,000 coffee saplings within five years, the municipality has set up a nursery to grow 200,000 coffee plants. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Deputy Mayor of Diketl Bishan Rai said that the coffee cultivation promotion program has been implemented with the goal of producing 1 million kg of processed coffee per year. It has been found that the demand for coffee has increased a lot in the district.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Coffee now has an annual capital flight of over Rs 200 million. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“Within the next few years, the rural municipality's goal is to meet the demand for coffee throughout the district," said Rai, adding, "We have determined pocket areas for coffee cultivation and distributed 25,000 saplings to the farmers this year. We are planning to distribute 200,000 saplings next year. Farmers have also become excited after the municipality provided saplings free of cost.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Meanwhile, Diprung Chuichumma Rural Municipality has started converting Mysangtar hill into a tea garden. The rural municipality has planted seven thousand tea plants on the hill in Ward-6 Chitapokhari on about 40 acres of government land.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The hill, which also has Paruhang Park in Sumni, is a favorite destination of domestic tourists. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Lokendra Rai, chairman of the rural municipality, said that with the increase in the number of domestic tourists in the coming days, they also plan to attract foreign tourists and to provide employment from agriculture</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“We have started converting Mysangtar hill into a tea garden. Every day, domestic tourists come to Mysangtar Hill where you can see the views of the mountains and plains along with the various terrains of the district,” he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">This year, the municipality planted 7,000 tea plants and is preparing to increase the number of plants continuously in the coming year. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Kepilasgarhi Rural Municipality-1 Fedi has also started planting tea plants. Ward chairman Neerkumar Rai said that 200,000 tea plants will be planted this year with the financial and technical support of the Watershed-based Climate Uplifting Livelihood Project.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the rural municipality, commercial tea plantation was started in Fedi since last year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, Sakela Rural Municipality, the smallest local level of the district (having only five wards), has planted seven thousand saplings this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the rural municipality, workers have also been hired to take care of the tea garden of Tawa Bhanjyang, a tourist spot. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Birsika Rai, deputy chief of the rural municipality, informed that the purpose of the rural municipality is to attract internal and external tourists by linking tea cultivation with tourism promotion.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Commercial tea cultivation has also been started in Kapase Bhanjyang located in Khotehang Rural Municipality. According to the rural municipality, 15,000 tea plants provided free of charge by the Temke-Thamdanda Agricultural Cooperative Society have been planted. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The local levels have said that preparations are being made to process and use the produced tea and coffee in the district. According to the Agriculture Knowledge Centre, there are 62,360 hectares of cultivable land in the district.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18189', 'image' => '20230714104455_Tea.jpg', 'article_date' => '2023-07-14 10:44:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18458', 'article_category_id' => '1', 'title' => 'Seven New Broker Companies Commence Trading', 'sub_title' => '', 'summary' => 'Seven new broker companies have commenced trading in the stock market.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 13: Seven new broker companies have commenced trading in the stock market.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Bhole Ganesh Securities Limited, Capital Max Securities Limited, Himalayan Brokerage Limited, Sun Securities Pvt. Ltd., Miyo Securities Pvt. Ltd., SharePro Securities Pvt. Ltd., and Property Wizard Limited have officially started their operations as members of the Nepal Stock Exchange (NEPSE).</span></span></p> <p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prior to live trading, these companies conducted test transactions.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“All seven new broker companies completed test transactions and had participated in regular trading,” said Krishna Giri, the CEO of Sun Securities Pvt. Ltd. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">On the first day, the new broker companies conducted a minimal volume of stock trading, according to Giri.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Giri shared that new broker companies have both challenges and opportunities before them. He called for the cooperation of investors and other stakeholders to overcome the challenges facing them at the moment.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the first phase, Securities Board of Nepal(SEBON) had granted broker licenses to eight broker companies on May 22. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">New companies had acquired membership of Nepal Stock Exchange(NEPSE) on July 5. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">While 18 companies have obtained broker licenses from SEBON so far, 25 companies are still waiting for licenses.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of 18 companies that have obtained broker licenses, one company is in the process of merging with an existing broker company. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The remaining 10 companies have submitted applications for the membership of the NEPSE. </span></span></p> ', 'published' => true, 'created' => '2023-07-14', 'modified' => '2023-07-14', 'keywords' => '', 'description' => '', 'sortorder' => '18188', 'image' => '20230714054533_collage (79).jpg', 'article_date' => '2023-07-14 05:41:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
