July 7: The government has decided to accept US$ 300 million in concessional loan from the Asian Development Bank (ADB) as project assistance to run the Subregional Transport Enhancement…
July 7: The government has decided to accept US$ 300 million in concessional loan from the Asian Development Bank (ADB) as project assistance to run the Subregional Transport Enhancement…
July 7: The country is expected to receive heavy rainfall today due to an impact of monsoon…
July 7: The government has banned the use of plastic bags and products that are below 40 microns in thickness. This decision was announced by the Ministry of Federal Affairs and General Administration through a statement released on…
The Nepal Stock Exchange (NEPSE) has granted the trading membership to seven new brokerage companies for operation of their…
The National Examinations Board (NEB) has published the results of the Secondary Education Examinations (SEE) for the academic year 2079 BS…
July 6: Nepal is in high risk of being listed in the gray list of countries involved in money laundering due to the delay in formulating strong anti-money laundering laws amid political…
July 6: Agent Dinesh Khadka, who was arrested on the charge of his involvement in online gambling through IxBet, has been found using citizenship certificates of other people without their…
July 6: The deadline given by the Nepal Insurance Authority (NIA) to the insurance companies to maintain the minimum paid-up capital ends within a few days.…
July 6: The National Examinations Board (NEB) is preparing to publish the Secondary School Examination (SEE) results…
July 6: Municipality Association of Nepal (MuAN) and the National Association of Rural Municipalities in Nepal (NARMIN) submitted a memorandum to Finance Minister Dr Prakash Sharan Mahat urging the government to revoke its decision to deduct the equalization grants announced for the local level…
July 6: The United Nations has expressed its concerns about the fate of a grain exports deal for Ukraine, which it says could collapse within a fortnight, threatening food security for the world's most…
July 6: Two private business entities have decided to join hands for economic stability.…
Neco Insurance Limited has provided financial assistance of Rs 1.1 million rupees to Mahendra Genai Memorial Maternity and and Child Welfare Hospital at Chhaparadi, Dhangadhimai Municipality…
A dry landslide has brought the Prithvi Highway to a complete halt between Mauri Bazaar and Turture Bazaar, Tanahun, on Wednesday evening. The obstruction, originating 100 meters above the road, has rendered vehicular movement along this crucial highway…
The 11th 'Nepal Africa Film Festival (NAFF)-2023' is set to commence on July 8. The three-day event will witness the participation of 12 nations, showcasing a total of 22…
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18390', 'article_category_id' => '1', 'title' => 'Cabinet Approves Concessional Loan of USD 300 million from ADB', 'sub_title' => '', 'summary' => 'July 7: The government has decided to accept US$ 300 million in concessional loan from the Asian Development Bank (ADB) as project assistance to run the Subregional Transport Enhancement Project. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 7: The government has decided to accept US$ 300 million in concessional loan from the Asian Development Bank (ADB) as project assistance to run the Subregional Transport Enhancement Project. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers held on Tuesday also decided to accept US$ 50 million loan assistance to be received from the ADB for budget assistance under the Customs and Logistic Improvement Programme, said Minister for Communications and Information Technology Rekha Sharma. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the ADB, the programme is expected to help implement the current Customs Reform and Modernization Plan by improving customs processes through the introduction of digital technologies including electronic payments of customs duties and fees, and electronic submission of export documents. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the cabinet meeting has approved the MCA-Nepal to acquire land for power transmission line and substation in Sindhupalchowk, Palpa and Nawalparasi (Bardaghat Sustapurba) districts. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-07', 'modified' => '2023-07-07', 'keywords' => '', 'description' => '', 'sortorder' => '18120', 'image' => '20230707113049_ADB.jpeg', 'article_date' => '2023-07-07 11:29:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18388', 'article_category_id' => '1', 'title' => 'Heavy Rainfall Likely Today ', 'sub_title' => '', 'summary' => 'July 7: The country is expected to receive heavy rainfall today due to an impact of monsoon wind.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 7: The country is expected to receive heavy rainfall today due to an impact of monsoon wind. The Department of Hydrology and Meteorology said that the weather will be generally to mostly cloudy throughout the country today. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department said that light to moderate rainfall is likely to occur at some places of Koshi, Bagmati, Gandaki and Karnali provinces and at a few places in rest of the country while chances of heavy rainfall with thunder and lightning is expected at one or two places of Koshi, Bagmati and Gandaki provinces. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department said that heavy rainfall with thunderstorm and lightning is predicted to occur in some areas of Madhes, Lumbini and Sudurpaschim provinces as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tonight, the weather is expected to remain generally cloudy throughout the country. Light to moderate rainfall is likely to take place at some places of the country and the chances of heavy rain with thunder and lightning at one or two places of Koshi, Gandaki, Lumbini, Karnali and Sudur Pashchim provinces. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-07', 'modified' => '2023-07-07', 'keywords' => '', 'description' => '', 'sortorder' => '18119', 'image' => '20230707105928_rain.jpeg', 'article_date' => '2023-07-07 10:58:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18387', 'article_category_id' => '1', 'title' => 'Government Bans Plastic Bags Below 40 Microns', 'sub_title' => '', 'summary' => 'July 7: The government has banned the use of plastic bags and products that are below 40 microns in thickness. This decision was announced by the Ministry of Federal Affairs and General Administration through a statement released on Thursday.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 7: The government has banned the use of plastic bags and products that are below 40 microns in thickness. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This decision was announced by the Ministry of Federal Affairs and General Administration through a statement released on Thursday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dr. Krishna Hari Pushkar, the ministry secretary, emphasized the importance of reducing plastic bags and encouraged the use of polythene bags that are above 40 microns in thickness.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dr. Pushkar called upon all levels of government, including the federal, provincial, and local authorities, to extend their support</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government's decision comes in response to the findings of the Waste Management Baseline Survey conducted in 2022, which revealed alarming statistics regarding plastic waste generation.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the survey, plastic products accounted for 12 percent of household waste, 21 percent of institutional waste, and 22 percent of waste from various establishments. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-07', 'modified' => '2023-07-07', 'keywords' => '', 'description' => '', 'sortorder' => '18118', 'image' => '20230707060240_collage (2).jpg', 'article_date' => '2023-07-07 06:00:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '18386', 'article_category_id' => '1', 'title' => 'NEPSE Grants Trading Membership to Seven New Companies to Begin Brokerage Service', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange (NEPSE) has granted the trading membership to seven new brokerage companies for operation of their services. ', 'content' => '<p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">July 6: The Nepal Stock Exchange (NEPSE) has granted the trading membership to seven new brokerage companies for operation of their services. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">"A meeting of the Board of Directors of NEPSE decided to provide NEPSE membership to the seven new brokerage companies which have fulfilled all specified criteria," said NEPSE spokesperson Muraharii Parajuli. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Earlier, NEPSE had provided letter of intent (LOI)/preliminary license to seven companies in the first phase.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif"> In the first phase, the SEBON had granted licenses to seven brokerage companies to operate as limited brokers. They have now received the membership of the NEPSE to commence brokerage services. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif"> The seven new companies granted the membership to operate brokerage service include Bhole Ganesh Securities Limited, Capital Max Securities Limited, Himalayan Brokerage Company Limited, Sun Securities Private Limited, Miyo Securities Private Limited, Sharepro Securities Private Limited and Property Wizard Limited. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">NEPSE has assigned broker numbers to these companies, with San Securities being assigned broker number 64, Himalayan Brokerage as broker number 63, Miyo Securities as broker number 66.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Similarly, NEPSE has assigned SharePro Securities as broker number 65, Bhole Ganesh Securities as broker number 61, Capital Max Securities as broker number 62, and Property Wizard as broker number 67.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">In the second phase, SEBON had granted the brokerage licenses to 11 additional companies after they met all specified criteria.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Following the approval, Mega Stock Markets Limited can commence its services as a full operating securities broker. Additionally, Nabil Securities Limited, the lone applicant for a broker company with a dealer’s license, had its application approved. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Other nine companies which were granted licenses to work as limited securities brokers include Elite Stock House Limited, Infinity Securities Limited, Index Securities Limited, Shubkamana Securities Private Limited. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Others include Hatemalo Financial Services Private Limited, Money World Share Exchange Private Limited, Machhapuchhre Securities Limited, Kalash Stock Market Private Limited and KBL Securities Limited. </span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18116', 'image' => '20230706054635_collage (73).jpg', 'article_date' => '2023-07-06 17:41:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '18385', 'article_category_id' => '1', 'title' => 'Secondary Education Examinations(SEE) Results Published', 'sub_title' => '', 'summary' => 'The National Examinations Board (NEB) has published the results of the Secondary Education Examinations (SEE) for the academic year 2079 BS (2022-23).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 6: The National Examinations Board (NEB) has published the results of the Secondary Education Examinations (SEE) for the academic year 2079 BS (2022-23).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> In a meeting chaired by Dr. Mahashram Sharma, the Board decided to release the class 10 results today. The NEB has utilized a grade system for the SEE, which combines practical and theory scores. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">It is important to note that this is the last time the results will be published in this format, as the system will transition to a letter grading system next year.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the current grade system, students have been assigned grades based on their scores. Those scoring between 90-100 have received an 'A plus,' while scores between 80-90 are labeled as 'A.' </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the range of 70-80 corresponds to a 'B plus,' 60-70 to a 'B,' 50-60 to a 'C plus,' 40-50 to a 'C,' 30-40 to a 'D plus,' scores between 20-30 to a 'D,' and anything below 20 receives an 'E.'</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Initially, the NEB had planned to publish the results according to the Letter Grading Guidelines, 2078 BS for the 2079 BS SEE, but this was not feasible. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In total, 485,396 students participated in the SEE, which took place from April 2-12, 2023. Among the provinces, Bagmati had the highest number of students, with 102,000 participants, while Karnali had the lowest, with 38,608 students. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The examination was conducted across 2,037 exam centers, with 242,712 girls and 242,674 boys appearing for the SEE.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Letter Grading System will only consider students who score a minimum of 35 in theory and 40 in practical exams.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Students unable to meet these basic requirements will receive a non-graded (NG) assessment, rendering them ineligible to pursue Grade 11 studies.</span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18115', 'image' => '20230706050448_collage (72).jpg', 'article_date' => '2023-07-06 17:02:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18384', 'article_category_id' => '1', 'title' => 'Nepal Risks Falling in Gray List for Money Laundering', 'sub_title' => '', 'summary' => 'July 6: Nepal is in high risk of being listed in the gray list of countries involved in money laundering due to the delay in formulating strong anti-money laundering laws amid political instability.', '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 6: Nepal is in high risk of being listed in the gray list of countries involved in money laundering due to the delay in formulating strong anti-money laundering laws amid political instability. </span></span></span></span></p> <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"">Although the government has started the work of amending the law, it has not been implemented for a long time. The delay is due to political instability.</span></span></span></span></p> <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 Asia Pacific Group (APG) warned that Nepal will be subject to international monitoring if a strong anti-money laundering law is not enacted. The APG made its intentions clear in a preliminary assessment report submitted to the Office of the Prime Minister and Council of Ministers in early February. </span></span></span></span></p> <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 political leadership did not show much interest in making a strict law on money laundering. The government had registered a bill in the House of Representatives on February 10 to amend more than a dozen laws through the amendment of Some Nepal Acts to make a strong law related to money laundering through fast track. So far, the bill has not been passed by the parliament and is yet to become a law.</span></span></span></span></p> <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"">A strong law would not necessarily have avoided Nepal being under international scrutiny, but it would have sent a message to the international world that the government is serious about preventing illegal money from becoming legal.</span></span></span></span></p> <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"">Due to the lack of strong laws, Nepal is likely to fall in the gray list of Financial Action Task Force (FATF) and APG. A high-level government team is also lobbying to avoid the risk. For that, a jumbo team is going to discuss the matter with the evaluators of Financial Action Tax Force (FATF) in Canada.</span></span></span></span></p> <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 high-level sources, a team of around 30 officials will go to Canada under the leadership of Nepal Rastra Bank’s Governor Maha Prasad Adhikari. The team will include Prime Minister's Office Secretary Udayraj Sapkota, Law Secretary Dhanraj Gyawali along with the central bank's Executive Director Dev Kumar Dhakal and Financial Information Unit's Dirgha Rawal.</span></span></span></span></p> <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 team will also have representatives from the Prime Minister's Office, Ministry of Foreign Affairs and Ministry of Finance. Likewise, Deputy Attorney General as well as representatives from the Central Investigation Department, Asset Laundering Department, Judgment Implementation Unit, Securities Board of Nepal, Nepal Insurance Authority will also be included in the team. </span></span></span></span></p> <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"">Employees of the Ministry of Foreign Affairs will also be in the team. The discussion will be held in Canada from July 9 to 14. It has been learnt that the team is preparing to fly to Canada next Thursday.</span></span></span></span></p> <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"">Nepal will land in the "grey list" in September if the government officials do not come up with a strong response. If it falls in the "grey list", it will affect the country’s foreign trade, credit and investment.</span></span></span></span></p> <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"">FATF has accused Nepal that the legal provision of the Extradition Act is not sufficient, it has not worked on the law to control organized crime, it has not paid attention to the provisions in UN’s Convention against Corruption, Financial Crimes and Terrorist Activities. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal faces an uphill battle to satisfy the board of FATF about the progress and improvements made so far.</span></span></span></span></p> <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"">Currently, 21 countries from Syria to the UAE are included in the gray list. Most of the countries are from Africa and the Gulf region. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">If the countries in the gray list do not make any improvement, they will eventually be blacklisted. Since Nepal has not made a strong law, it will be very difficult for the Nepali authorities to counter those accusations.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18114', 'image' => '20230706043135_moneylaundering.jpg', 'article_date' => '2023-07-06 16:30:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18383', 'article_category_id' => '1', 'title' => '1xBet Agent Khadka found Involved in Online Gambling using Others' Citizenship without Consent ', 'sub_title' => '', 'summary' => 'July 6: Agent Dinesh Khadka, who was arrested on the charge of his involvement in online gambling through IxBet, has been found using citizenship certificates of other people without their consent. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 6: Agent Dinesh Khadka, who was arrested on the charge of his involvement in online gambling through IxBet, has been found using citizenship certificates of other people without their consent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Police said that in course of investigation Khadka was found making transactions of more than Rs 310 million through 1xBet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Khadka had opened 42 bank accounts using citizenship certificates of some people without their consent and deposited Rs 313 million illegally. He had also transferred the amount to other bank accounts by misusing digital device, according to spokesperson at the Kathmandu Valley Crime Investigation Office and Superintendent of Police Rabindra Regmi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Khadka has been sent to Teku-based District Police Range for necessary action after two victims filed FIR against Khadka at the Kathmandu Valley Crime Investigation Office, added Regmi. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18113', 'image' => '20230706030132_betting.jpg', 'article_date' => '2023-07-06 15:00:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18381', 'article_category_id' => '1', 'title' => 'Only Seven Insurance Companies meet Minimum Paid-up Capital Requirement', 'sub_title' => '', 'summary' => 'July 6: The deadline given by the Nepal Insurance Authority (NIA) to the insurance companies to maintain the minimum paid-up capital ends within a few days. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">July 6: The deadline given by the Nepal Insurance Authority (NIA) to the insurance companies to maintain the minimum paid-up capital ends within a few days. So far, only seven insurance companies have maintained the paid-up capital set by the governing body of the insurance sector.</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 the NIA, rights shares will be issued for the rest of the companies to maintain the minimum paid-up capital. The NIA’s board meeting has already given permission to NLG Insurance to issue 66 percent rights shares.</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 Insurance Authority (formerly known as Insurance Board of Nepal) had initially give a one-year time to the companies to raise their paid-up capital. However, since the companies did not meet the prescribed limit during that period, the authority issued the 'Insurance Registration and Insurance Business Operation (Second Amendment) Guideline, 2080' and extended the deadline until the end of the current fiscal year (mid-July) to maintain the prescribed limit of paid-up capital for them.</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 authority has fixed the minimum paid-up capital of Rs 5 billion for life insurance companies and Rs 2.5 billion for non-life insurance companies.</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"">Earlier, the paid-up capital of Non-Life Insurance Company was Rs 1 billion, and that of Life insurance companies was Rs 2 billion. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">A few days before the deadline set by the authority, three out of 15 life insurance companies in operation in Nepal have maintained the minimum paid-up capital. Towards non-life insurance segment, only four out of 14 companies have maintained the paid-up capital specified by the authority.</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 the authority, a company operating as a branch of a foreign company does not need to increase its capital.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In terms of life insurance, only Nepal Life Insurance Company Limited, Himalayan Life Insurance Company Limited and National Life Insurance Company Limited have maintained the paid-up capital specified by the authority. Nepal Life has maintained a paid-up capital of Rs 8.2 billion, Himalayan Life Rs 8.2 billion and National Life Rs 5.1 billion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">IGI Prudential Insurance Company Limited, Siddharth Premier Insurance Limited, Shikhar Insurance Company Limited and Sagarmatha Lumbini Insurance Company Limited have met the capital specified by the authority towards non-life insurance category. The paid-up capital of IGI Prudential has reached Rs 3.2 billion, Siddharth Premier Rs 2.8 billion, Shikhar Rs 2.65 billion and Sagarmatha Lumbini Rs 2.62 billion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Rajuraman Paudel, spokesperson for the Nepal Insurance Authority, companies that are unable to maintain the minimum paid-up capital have been instructed to issue rights shares and bonus shares to raise their capital. The NIA had given first priority to merger for increasing the capital.</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"">“Now they are giving a chance to maintain the minimum paid-up capital by issuing the rights shares, said Poudel, "Four insurance companies are in the process of issuing IPO at premium rates."</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 Paudel, the authority's board meeting held last Friday decided to allow NLG Insurance to issue 66 percent rights shares. Currently, the paid up capital of NLG Insurance is Rs 1.45 billion. The paid-up capital of the company will reach Rs 2.42 billion after issuing the rights share. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18111', 'image' => '20230706022044_INSURANCE-COVERAGE.jpg', 'article_date' => '2023-07-06 14:19:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18380', 'article_category_id' => '1', 'title' => 'SEE Results to be Published Today ', 'sub_title' => '', 'summary' => 'July 6: The National Examinations Board (NEB) is preparing to publish the Secondary School Examination (SEE) results today. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 6: The National Examinations Board (NEB) is preparing to publish the Secondary School Examination (SEE) results today. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The board said its preparation for the publication of the SEE results has come to a final stage. With this, the results would be published by Thursday evening, sources at the board informed RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bishnu Narayan Shrestha, examination controller of the Examination Control Office Grade 10, said technical works, including computer data entry and re-checking are being carried out after completing the checking of answer sheets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have come to the final stage of publishing the SEE results by this evening. The results would be published today itself if technical problem do not occur," he shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The board has decided to publish the results as per the system adopted in 2072 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NEB Chairperson Dr Mahashram Sharma said the board has made arrangement of easily accessing SEE results. Students can access the results through website, SMS and IVR. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">One can dial up 1600 to access the SEE results, the board said. Also the results are accessible through the NEB and Nepal Telecom websites. One can dial 1600, 31003, 34949, 35001 and 31064 to get results through SMS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The results would be accessible through www.see.gov.np, www.neb.gov.np, www.see.ntc.net.np, www.khaltif\.com, www.neemaacademy.com, www.ekantipur.com, www.theconncetplus.com, www.see.edusanjal.com, www.admissionnepal.com, www.seenicasiabank.com, www.neemaaacademy.com, www.mypay.com.np, www.nepaleducatipnportal.com, www.ayoresult.com, ww.results.matraeducation.com, www.tuteeline.com, it has been informed. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18110', 'image' => '20230706011345_20230703044048_exam-media1619757704.jpg', 'article_date' => '2023-07-06 13:13:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18379', 'article_category_id' => '1', 'title' => 'Local Governments Demand Release of 50 Percent of Equalization Grants ', 'sub_title' => '', 'summary' => 'July 6: Municipality Association of Nepal (MuAN) and the National Association of Rural Municipalities in Nepal (NARMIN) submitted a memorandum to Finance Minister Dr Prakash Sharan Mahat urging the government to revoke its decision to deduct the equalization grants announced for the local level governments. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 6: Municipality Association of Nepal (MuAN) and the National Association of Rural Municipalities in Nepal (NARMIN) submitted a memorandum to Finance Minister Dr Prakash Sharan Mahat urging the government to revoke its decision to deduct the equalization grants announced for the local level governments. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">President of the MuAN Bhim Prasad Dhungana and President of the NARMIN Lakshmidevi Pandey submitted the memorandum to Finance Minister Dr Mahat at Singha Durbar on Wednesday, according to the RSS. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the memo, they have demanded that the last installment of the fiscal equalization grant to be sent to the provincial and local levels for the fiscal year 2022/23 should be released without any delay, the state-owned news agency reported. The first 50 percent of the amount has already been disbursed. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The budget of the local governments, which are already struggling due to minimal internal revenue, will be seriously affected by the reduction in the equalization grant, reads the memo. Furthermore, they argued that the decision to deduct the equalization grant is against the spirit of fiscal federalism and the constitution. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Since the deadline for spending in the current fiscal year is July 8, the funds should be released immediately, adds the memo. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Around two months ago, the government had decided to cut the fiscal equalization grants due to pressure on its finances. A cabinet meeting on April 25 decided to downsize the grant by 50 percent from Rs 46 billion to Rs 23 billion as it struggled to strike a balance between its increasing current expenses and dwindling revenue collection. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">With the current fiscal year drawing to a close, the government has fallen short of its revenue collection target by Rs 500 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had set a target of collecting revenue of Rs 1403.14 billion in the current fiscal year. However, the government has been able to collect only Rs 899 billion as of July 3. The current fiscal year ends on July 16.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18109', 'image' => '20230706113816_grant-writing.jpg', 'article_date' => '2023-07-06 11:37:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18377', 'article_category_id' => '1', 'title' => 'UN Concerned about Ukraine Grain Export Deal', 'sub_title' => '', 'summary' => 'July 6: The United Nations has expressed its concerns about the fate of a grain exports deal for Ukraine, which it says could collapse within a fortnight, threatening food security for the world's most vulnerable.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">AGENCIES<br /> July 6: The United Nations has expressed its concerns about the fate of a grain exports deal for Ukraine, which it says could collapse within a fortnight, threatening food security for the world's most vulnerable.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">The Black Sea Grain Initiative (BSGI) aimed at easing a global food crisis is set to expire on July 17 unless Russia, which launched an invasion of Ukraine launched on February 24, 2022, agrees to its renewal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">According to the AFP, Moscow is unhappy about the operation of the deal's parallel agreement on Russian food and fertiliser exports, and said Tuesday that it saw no reason to extend the BSGI.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">"No doubt we are worried because the two agreements signed in Istanbul are very important for food security and for the developing countries in the global south," AFP quoted Rebeca Grynspan, head of the UN's trade and development agency UNCTAD, as saying to reporters in Geneva.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">UNCTAD has been a major player in brokering the deals along with Turkey, a NATO member which enjoys a cordial relation with Russia.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">Russia's invasion of Ukraine for its inclination towards NATO saw Ukraine's Black Sea ports blocked by warships until the agreement, signed in July 2022, allowed for the passage of critical grain exports.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">The initial 120-day agreement struck with the UN and Turkey last July has been extended three times: in November, March and in May, reported the AFP.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">“The parallel agreement, between Moscow and the UN, is aimed at facilitating the export of Russian food and fertilisers, which are exempt from Western sanctions imposed on Moscow over the Ukraine war. But Russia claims this parallel agreement is not being upheld.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">Ukraine was one of the world's top grain exporters, and the deal has helped ease the global food crunch triggered by the conflict.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">Some 32.8 million tonnes of food grains have been exported so far under the agreement, according to the UN. Just over half of the exports have been corn, while more than a quarter have been wheat.</span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18108', 'image' => '20230706103435_wheatttttt.jpg', 'article_date' => '2023-07-06 10:32:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18378', 'article_category_id' => '1', 'title' => 'Business Entities to Cooperate for Economic Stability ', 'sub_title' => '', 'summary' => 'July 6: Two private business entities have decided to join hands for economic stability. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 6: Two private business entities have decided to join hands for economic stability. Nepal Chamber of Commerce (NCC) and the Confederation of Nepalese Industries (CNI) are determined to work together for economic stability and development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">At a programme organized in the federal capital on Wednesday, NCC Chairperson Rajendra Malla underscored the need of effective coordination for budget and monetary policies. </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"">"We need to cooperate with each other to get private sector' demands fulfilled and the country's economic activities elevated," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, Malla rued over downcast morale of the private sector for long reasoning that investment atmosphere was not favourable due to high interest rate. Fiscal stability should be ensured via monetary policy, he said, urging all business entities to exert collective pressure on the government bodies to this end. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, CNI Chair Rajesh Kumar Agrawal said that cooperation among private sector stakeholders is essential for effective implementation of the monetary policy. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18107', 'image' => '20230706110505_NCCC.jpg', 'article_date' => '2023-07-06 11:04:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18376', 'article_category_id' => '1', 'title' => 'Neco Insurance Provides Rs 1.1 Million to Hospital', 'sub_title' => '', 'summary' => 'Neco Insurance Limited has provided financial assistance of Rs 1.1 million rupees to Mahendra Genai Memorial Maternity and and Child Welfare Hospital at Chhaparadi, Dhangadhimai Municipality Siraha.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 6: Neco Insurance Limited has provided financial assistance of Rs 1.1 million rupees to Mahendra Genai Memorial Maternity and and Child Welfare Hospital at Chhaparadi, Dhangadhimai Municipality Siraha. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Neco Insurance, which has been serving in the non- life insurance market of the country for the past 27 years, has extended its financial assistance as part of corporate social responsibility, according to the Neco Insurance. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The building of the hospital was constructed with the support of the Indian Embassy. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“The company provided the assistance to the hospital as it has been facing shortage of medical equipment, medicines, and other supplies,” the company’s press statement reads. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company believes that the financial aid will support for parturition and child care services in the Madhes. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During an event organized at the hospital, Mr. Ashok Kumar Khadka, the Chief Executive Officer of the company, handed over the cheque to the hospital.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18106', 'image' => '20230706061419_collage (1).jpg', 'article_date' => '2023-07-06 06:12:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '18375', 'article_category_id' => '1', 'title' => 'Dry landslide Blocks Prithvi Highway', 'sub_title' => '', 'summary' => 'A dry landslide has brought the Prithvi Highway to a complete halt between Mauri Bazaar and Turture Bazaar, Tanahun, on Wednesday evening. The obstruction, originating 100 meters above the road, has rendered vehicular movement along this crucial highway impossible.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 6: A dry landslide has brought the Prithvi Highway to a complete halt between Mauri Bazaar and Turture Bazaar, Tanahun, on Wednesday evening. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The obstruction, originating 100 meters above the road, has rendered vehicular movement along this crucial highway impossible.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Mohan Bahadur Khand, Deputy Superintendent of Police at the District Police Office in Tanahu, has confirmed that a collaborative effort is underway to remove the debris caused by the landslide. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The joint operation involves the Chinese contractor company, local authorities, and community members, all working together to restore traffic flow on the affected road.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To mitigate the inconvenience faced by travelers, the police have implemented a temporary diversion plan for small and mid-size vehicles traveling towards Pokhara via Tanahu. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">These vehicles are being rerouted through Polyang, taking the path from Damauli Bhirletarchowk via Kolesti. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18105', 'image' => '20230706055652_collage.jpg', 'article_date' => '2023-07-06 05:55:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '18374', 'article_category_id' => '1', 'title' => '22 Films Participating in 11th NAFFF', 'sub_title' => '', 'summary' => ' The 11th 'Nepal Africa Film Festival (NAFF)-2023' is set to commence on July 8. The three-day event will witness the participation of 12 nations, showcasing a total of 22 films.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 5: The 11th 'Nepal Africa Film Festival (NAFF)-2023' is set to commence on July 8. The three-day event will witness the participation of 12 nations, showcasing a total of 22 films.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Festival, organized by the College of Journalism and Mass Communications (CJMC) and supported by the Film Development Board and Bilakshan Creation, will serve as a dynamic platform for fostering cultural exchanges between Nepal and Africa, according to Festival and CJMC Director Manju Mishra.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"We try to connect the two different continents by the means of films," she said.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Ten African movies and 12 Nepali films and documentaries will be screened in the event. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to director Dabbu Chhetri, a day-long acting workshop themed 'National and International Market for Short Nepali Movies' has been scheduled during the festival. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The event will be held at local Rastriya Nachghar in Jamal. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-05', 'modified' => '2023-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '18104', 'image' => '20230705062355_collage (71).jpg', 'article_date' => '2023-07-05 18:22:46', '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 ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18390', 'article_category_id' => '1', 'title' => 'Cabinet Approves Concessional Loan of USD 300 million from ADB', 'sub_title' => '', 'summary' => 'July 7: The government has decided to accept US$ 300 million in concessional loan from the Asian Development Bank (ADB) as project assistance to run the Subregional Transport Enhancement Project. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 7: The government has decided to accept US$ 300 million in concessional loan from the Asian Development Bank (ADB) as project assistance to run the Subregional Transport Enhancement Project. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers held on Tuesday also decided to accept US$ 50 million loan assistance to be received from the ADB for budget assistance under the Customs and Logistic Improvement Programme, said Minister for Communications and Information Technology Rekha Sharma. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the ADB, the programme is expected to help implement the current Customs Reform and Modernization Plan by improving customs processes through the introduction of digital technologies including electronic payments of customs duties and fees, and electronic submission of export documents. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the cabinet meeting has approved the MCA-Nepal to acquire land for power transmission line and substation in Sindhupalchowk, Palpa and Nawalparasi (Bardaghat Sustapurba) districts. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-07', 'modified' => '2023-07-07', 'keywords' => '', 'description' => '', 'sortorder' => '18120', 'image' => '20230707113049_ADB.jpeg', 'article_date' => '2023-07-07 11:29:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18388', 'article_category_id' => '1', 'title' => 'Heavy Rainfall Likely Today ', 'sub_title' => '', 'summary' => 'July 7: The country is expected to receive heavy rainfall today due to an impact of monsoon wind.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 7: The country is expected to receive heavy rainfall today due to an impact of monsoon wind. The Department of Hydrology and Meteorology said that the weather will be generally to mostly cloudy throughout the country today. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department said that light to moderate rainfall is likely to occur at some places of Koshi, Bagmati, Gandaki and Karnali provinces and at a few places in rest of the country while chances of heavy rainfall with thunder and lightning is expected at one or two places of Koshi, Bagmati and Gandaki provinces. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department said that heavy rainfall with thunderstorm and lightning is predicted to occur in some areas of Madhes, Lumbini and Sudurpaschim provinces as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tonight, the weather is expected to remain generally cloudy throughout the country. Light to moderate rainfall is likely to take place at some places of the country and the chances of heavy rain with thunder and lightning at one or two places of Koshi, Gandaki, Lumbini, Karnali and Sudur Pashchim provinces. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-07', 'modified' => '2023-07-07', 'keywords' => '', 'description' => '', 'sortorder' => '18119', 'image' => '20230707105928_rain.jpeg', 'article_date' => '2023-07-07 10:58:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18387', 'article_category_id' => '1', 'title' => 'Government Bans Plastic Bags Below 40 Microns', 'sub_title' => '', 'summary' => 'July 7: The government has banned the use of plastic bags and products that are below 40 microns in thickness. This decision was announced by the Ministry of Federal Affairs and General Administration through a statement released on Thursday.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 7: The government has banned the use of plastic bags and products that are below 40 microns in thickness. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This decision was announced by the Ministry of Federal Affairs and General Administration through a statement released on Thursday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dr. Krishna Hari Pushkar, the ministry secretary, emphasized the importance of reducing plastic bags and encouraged the use of polythene bags that are above 40 microns in thickness.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dr. Pushkar called upon all levels of government, including the federal, provincial, and local authorities, to extend their support</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government's decision comes in response to the findings of the Waste Management Baseline Survey conducted in 2022, which revealed alarming statistics regarding plastic waste generation.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the survey, plastic products accounted for 12 percent of household waste, 21 percent of institutional waste, and 22 percent of waste from various establishments. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-07', 'modified' => '2023-07-07', 'keywords' => '', 'description' => '', 'sortorder' => '18118', 'image' => '20230707060240_collage (2).jpg', 'article_date' => '2023-07-07 06:00:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '18386', 'article_category_id' => '1', 'title' => 'NEPSE Grants Trading Membership to Seven New Companies to Begin Brokerage Service', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange (NEPSE) has granted the trading membership to seven new brokerage companies for operation of their services. ', 'content' => '<p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">July 6: The Nepal Stock Exchange (NEPSE) has granted the trading membership to seven new brokerage companies for operation of their services. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">"A meeting of the Board of Directors of NEPSE decided to provide NEPSE membership to the seven new brokerage companies which have fulfilled all specified criteria," said NEPSE spokesperson Muraharii Parajuli. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Earlier, NEPSE had provided letter of intent (LOI)/preliminary license to seven companies in the first phase.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif"> In the first phase, the SEBON had granted licenses to seven brokerage companies to operate as limited brokers. They have now received the membership of the NEPSE to commence brokerage services. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif"> The seven new companies granted the membership to operate brokerage service include Bhole Ganesh Securities Limited, Capital Max Securities Limited, Himalayan Brokerage Company Limited, Sun Securities Private Limited, Miyo Securities Private Limited, Sharepro Securities Private Limited and Property Wizard Limited. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">NEPSE has assigned broker numbers to these companies, with San Securities being assigned broker number 64, Himalayan Brokerage as broker number 63, Miyo Securities as broker number 66.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Similarly, NEPSE has assigned SharePro Securities as broker number 65, Bhole Ganesh Securities as broker number 61, Capital Max Securities as broker number 62, and Property Wizard as broker number 67.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">In the second phase, SEBON had granted the brokerage licenses to 11 additional companies after they met all specified criteria.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Following the approval, Mega Stock Markets Limited can commence its services as a full operating securities broker. Additionally, Nabil Securities Limited, the lone applicant for a broker company with a dealer’s license, had its application approved. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Other nine companies which were granted licenses to work as limited securities brokers include Elite Stock House Limited, Infinity Securities Limited, Index Securities Limited, Shubkamana Securities Private Limited. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Others include Hatemalo Financial Services Private Limited, Money World Share Exchange Private Limited, Machhapuchhre Securities Limited, Kalash Stock Market Private Limited and KBL Securities Limited. </span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18116', 'image' => '20230706054635_collage (73).jpg', 'article_date' => '2023-07-06 17:41:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '18385', 'article_category_id' => '1', 'title' => 'Secondary Education Examinations(SEE) Results Published', 'sub_title' => '', 'summary' => 'The National Examinations Board (NEB) has published the results of the Secondary Education Examinations (SEE) for the academic year 2079 BS (2022-23).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 6: The National Examinations Board (NEB) has published the results of the Secondary Education Examinations (SEE) for the academic year 2079 BS (2022-23).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> In a meeting chaired by Dr. Mahashram Sharma, the Board decided to release the class 10 results today. The NEB has utilized a grade system for the SEE, which combines practical and theory scores. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">It is important to note that this is the last time the results will be published in this format, as the system will transition to a letter grading system next year.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the current grade system, students have been assigned grades based on their scores. Those scoring between 90-100 have received an 'A plus,' while scores between 80-90 are labeled as 'A.' </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the range of 70-80 corresponds to a 'B plus,' 60-70 to a 'B,' 50-60 to a 'C plus,' 40-50 to a 'C,' 30-40 to a 'D plus,' scores between 20-30 to a 'D,' and anything below 20 receives an 'E.'</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Initially, the NEB had planned to publish the results according to the Letter Grading Guidelines, 2078 BS for the 2079 BS SEE, but this was not feasible. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In total, 485,396 students participated in the SEE, which took place from April 2-12, 2023. Among the provinces, Bagmati had the highest number of students, with 102,000 participants, while Karnali had the lowest, with 38,608 students. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The examination was conducted across 2,037 exam centers, with 242,712 girls and 242,674 boys appearing for the SEE.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Letter Grading System will only consider students who score a minimum of 35 in theory and 40 in practical exams.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Students unable to meet these basic requirements will receive a non-graded (NG) assessment, rendering them ineligible to pursue Grade 11 studies.</span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18115', 'image' => '20230706050448_collage (72).jpg', 'article_date' => '2023-07-06 17:02:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18384', 'article_category_id' => '1', 'title' => 'Nepal Risks Falling in Gray List for Money Laundering', 'sub_title' => '', 'summary' => 'July 6: Nepal is in high risk of being listed in the gray list of countries involved in money laundering due to the delay in formulating strong anti-money laundering laws amid political instability.', '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 6: Nepal is in high risk of being listed in the gray list of countries involved in money laundering due to the delay in formulating strong anti-money laundering laws amid political instability. </span></span></span></span></p> <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"">Although the government has started the work of amending the law, it has not been implemented for a long time. The delay is due to political instability.</span></span></span></span></p> <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 Asia Pacific Group (APG) warned that Nepal will be subject to international monitoring if a strong anti-money laundering law is not enacted. The APG made its intentions clear in a preliminary assessment report submitted to the Office of the Prime Minister and Council of Ministers in early February. </span></span></span></span></p> <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 political leadership did not show much interest in making a strict law on money laundering. The government had registered a bill in the House of Representatives on February 10 to amend more than a dozen laws through the amendment of Some Nepal Acts to make a strong law related to money laundering through fast track. So far, the bill has not been passed by the parliament and is yet to become a law.</span></span></span></span></p> <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"">A strong law would not necessarily have avoided Nepal being under international scrutiny, but it would have sent a message to the international world that the government is serious about preventing illegal money from becoming legal.</span></span></span></span></p> <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"">Due to the lack of strong laws, Nepal is likely to fall in the gray list of Financial Action Task Force (FATF) and APG. A high-level government team is also lobbying to avoid the risk. For that, a jumbo team is going to discuss the matter with the evaluators of Financial Action Tax Force (FATF) in Canada.</span></span></span></span></p> <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 high-level sources, a team of around 30 officials will go to Canada under the leadership of Nepal Rastra Bank’s Governor Maha Prasad Adhikari. The team will include Prime Minister's Office Secretary Udayraj Sapkota, Law Secretary Dhanraj Gyawali along with the central bank's Executive Director Dev Kumar Dhakal and Financial Information Unit's Dirgha Rawal.</span></span></span></span></p> <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 team will also have representatives from the Prime Minister's Office, Ministry of Foreign Affairs and Ministry of Finance. Likewise, Deputy Attorney General as well as representatives from the Central Investigation Department, Asset Laundering Department, Judgment Implementation Unit, Securities Board of Nepal, Nepal Insurance Authority will also be included in the team. </span></span></span></span></p> <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"">Employees of the Ministry of Foreign Affairs will also be in the team. The discussion will be held in Canada from July 9 to 14. It has been learnt that the team is preparing to fly to Canada next Thursday.</span></span></span></span></p> <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"">Nepal will land in the "grey list" in September if the government officials do not come up with a strong response. If it falls in the "grey list", it will affect the country’s foreign trade, credit and investment.</span></span></span></span></p> <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"">FATF has accused Nepal that the legal provision of the Extradition Act is not sufficient, it has not worked on the law to control organized crime, it has not paid attention to the provisions in UN’s Convention against Corruption, Financial Crimes and Terrorist Activities. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal faces an uphill battle to satisfy the board of FATF about the progress and improvements made so far.</span></span></span></span></p> <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"">Currently, 21 countries from Syria to the UAE are included in the gray list. Most of the countries are from Africa and the Gulf region. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">If the countries in the gray list do not make any improvement, they will eventually be blacklisted. Since Nepal has not made a strong law, it will be very difficult for the Nepali authorities to counter those accusations.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18114', 'image' => '20230706043135_moneylaundering.jpg', 'article_date' => '2023-07-06 16:30:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18383', 'article_category_id' => '1', 'title' => '1xBet Agent Khadka found Involved in Online Gambling using Others' Citizenship without Consent ', 'sub_title' => '', 'summary' => 'July 6: Agent Dinesh Khadka, who was arrested on the charge of his involvement in online gambling through IxBet, has been found using citizenship certificates of other people without their consent. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 6: Agent Dinesh Khadka, who was arrested on the charge of his involvement in online gambling through IxBet, has been found using citizenship certificates of other people without their consent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Police said that in course of investigation Khadka was found making transactions of more than Rs 310 million through 1xBet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Khadka had opened 42 bank accounts using citizenship certificates of some people without their consent and deposited Rs 313 million illegally. He had also transferred the amount to other bank accounts by misusing digital device, according to spokesperson at the Kathmandu Valley Crime Investigation Office and Superintendent of Police Rabindra Regmi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Khadka has been sent to Teku-based District Police Range for necessary action after two victims filed FIR against Khadka at the Kathmandu Valley Crime Investigation Office, added Regmi. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18113', 'image' => '20230706030132_betting.jpg', 'article_date' => '2023-07-06 15:00:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18381', 'article_category_id' => '1', 'title' => 'Only Seven Insurance Companies meet Minimum Paid-up Capital Requirement', 'sub_title' => '', 'summary' => 'July 6: The deadline given by the Nepal Insurance Authority (NIA) to the insurance companies to maintain the minimum paid-up capital ends within a few days. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">July 6: The deadline given by the Nepal Insurance Authority (NIA) to the insurance companies to maintain the minimum paid-up capital ends within a few days. So far, only seven insurance companies have maintained the paid-up capital set by the governing body of the insurance sector.</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 the NIA, rights shares will be issued for the rest of the companies to maintain the minimum paid-up capital. The NIA’s board meeting has already given permission to NLG Insurance to issue 66 percent rights shares.</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 Insurance Authority (formerly known as Insurance Board of Nepal) had initially give a one-year time to the companies to raise their paid-up capital. However, since the companies did not meet the prescribed limit during that period, the authority issued the 'Insurance Registration and Insurance Business Operation (Second Amendment) Guideline, 2080' and extended the deadline until the end of the current fiscal year (mid-July) to maintain the prescribed limit of paid-up capital for them.</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 authority has fixed the minimum paid-up capital of Rs 5 billion for life insurance companies and Rs 2.5 billion for non-life insurance companies.</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"">Earlier, the paid-up capital of Non-Life Insurance Company was Rs 1 billion, and that of Life insurance companies was Rs 2 billion. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">A few days before the deadline set by the authority, three out of 15 life insurance companies in operation in Nepal have maintained the minimum paid-up capital. Towards non-life insurance segment, only four out of 14 companies have maintained the paid-up capital specified by the authority.</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 the authority, a company operating as a branch of a foreign company does not need to increase its capital.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In terms of life insurance, only Nepal Life Insurance Company Limited, Himalayan Life Insurance Company Limited and National Life Insurance Company Limited have maintained the paid-up capital specified by the authority. Nepal Life has maintained a paid-up capital of Rs 8.2 billion, Himalayan Life Rs 8.2 billion and National Life Rs 5.1 billion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">IGI Prudential Insurance Company Limited, Siddharth Premier Insurance Limited, Shikhar Insurance Company Limited and Sagarmatha Lumbini Insurance Company Limited have met the capital specified by the authority towards non-life insurance category. The paid-up capital of IGI Prudential has reached Rs 3.2 billion, Siddharth Premier Rs 2.8 billion, Shikhar Rs 2.65 billion and Sagarmatha Lumbini Rs 2.62 billion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Rajuraman Paudel, spokesperson for the Nepal Insurance Authority, companies that are unable to maintain the minimum paid-up capital have been instructed to issue rights shares and bonus shares to raise their capital. The NIA had given first priority to merger for increasing the capital.</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"">“Now they are giving a chance to maintain the minimum paid-up capital by issuing the rights shares, said Poudel, "Four insurance companies are in the process of issuing IPO at premium rates."</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 Paudel, the authority's board meeting held last Friday decided to allow NLG Insurance to issue 66 percent rights shares. Currently, the paid up capital of NLG Insurance is Rs 1.45 billion. The paid-up capital of the company will reach Rs 2.42 billion after issuing the rights share. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18111', 'image' => '20230706022044_INSURANCE-COVERAGE.jpg', 'article_date' => '2023-07-06 14:19:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18380', 'article_category_id' => '1', 'title' => 'SEE Results to be Published Today ', 'sub_title' => '', 'summary' => 'July 6: The National Examinations Board (NEB) is preparing to publish the Secondary School Examination (SEE) results today. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 6: The National Examinations Board (NEB) is preparing to publish the Secondary School Examination (SEE) results today. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The board said its preparation for the publication of the SEE results has come to a final stage. With this, the results would be published by Thursday evening, sources at the board informed RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bishnu Narayan Shrestha, examination controller of the Examination Control Office Grade 10, said technical works, including computer data entry and re-checking are being carried out after completing the checking of answer sheets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have come to the final stage of publishing the SEE results by this evening. The results would be published today itself if technical problem do not occur," he shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The board has decided to publish the results as per the system adopted in 2072 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NEB Chairperson Dr Mahashram Sharma said the board has made arrangement of easily accessing SEE results. Students can access the results through website, SMS and IVR. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">One can dial up 1600 to access the SEE results, the board said. Also the results are accessible through the NEB and Nepal Telecom websites. One can dial 1600, 31003, 34949, 35001 and 31064 to get results through SMS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The results would be accessible through www.see.gov.np, www.neb.gov.np, www.see.ntc.net.np, www.khaltif\.com, www.neemaacademy.com, www.ekantipur.com, www.theconncetplus.com, www.see.edusanjal.com, www.admissionnepal.com, www.seenicasiabank.com, www.neemaaacademy.com, www.mypay.com.np, www.nepaleducatipnportal.com, www.ayoresult.com, ww.results.matraeducation.com, www.tuteeline.com, it has been informed. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18110', 'image' => '20230706011345_20230703044048_exam-media1619757704.jpg', 'article_date' => '2023-07-06 13:13:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18379', 'article_category_id' => '1', 'title' => 'Local Governments Demand Release of 50 Percent of Equalization Grants ', 'sub_title' => '', 'summary' => 'July 6: Municipality Association of Nepal (MuAN) and the National Association of Rural Municipalities in Nepal (NARMIN) submitted a memorandum to Finance Minister Dr Prakash Sharan Mahat urging the government to revoke its decision to deduct the equalization grants announced for the local level governments. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 6: Municipality Association of Nepal (MuAN) and the National Association of Rural Municipalities in Nepal (NARMIN) submitted a memorandum to Finance Minister Dr Prakash Sharan Mahat urging the government to revoke its decision to deduct the equalization grants announced for the local level governments. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">President of the MuAN Bhim Prasad Dhungana and President of the NARMIN Lakshmidevi Pandey submitted the memorandum to Finance Minister Dr Mahat at Singha Durbar on Wednesday, according to the RSS. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the memo, they have demanded that the last installment of the fiscal equalization grant to be sent to the provincial and local levels for the fiscal year 2022/23 should be released without any delay, the state-owned news agency reported. The first 50 percent of the amount has already been disbursed. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The budget of the local governments, which are already struggling due to minimal internal revenue, will be seriously affected by the reduction in the equalization grant, reads the memo. Furthermore, they argued that the decision to deduct the equalization grant is against the spirit of fiscal federalism and the constitution. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Since the deadline for spending in the current fiscal year is July 8, the funds should be released immediately, adds the memo. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Around two months ago, the government had decided to cut the fiscal equalization grants due to pressure on its finances. A cabinet meeting on April 25 decided to downsize the grant by 50 percent from Rs 46 billion to Rs 23 billion as it struggled to strike a balance between its increasing current expenses and dwindling revenue collection. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">With the current fiscal year drawing to a close, the government has fallen short of its revenue collection target by Rs 500 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had set a target of collecting revenue of Rs 1403.14 billion in the current fiscal year. However, the government has been able to collect only Rs 899 billion as of July 3. The current fiscal year ends on July 16.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18109', 'image' => '20230706113816_grant-writing.jpg', 'article_date' => '2023-07-06 11:37:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18377', 'article_category_id' => '1', 'title' => 'UN Concerned about Ukraine Grain Export Deal', 'sub_title' => '', 'summary' => 'July 6: The United Nations has expressed its concerns about the fate of a grain exports deal for Ukraine, which it says could collapse within a fortnight, threatening food security for the world's most vulnerable.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">AGENCIES<br /> July 6: The United Nations has expressed its concerns about the fate of a grain exports deal for Ukraine, which it says could collapse within a fortnight, threatening food security for the world's most vulnerable.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">The Black Sea Grain Initiative (BSGI) aimed at easing a global food crisis is set to expire on July 17 unless Russia, which launched an invasion of Ukraine launched on February 24, 2022, agrees to its renewal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">According to the AFP, Moscow is unhappy about the operation of the deal's parallel agreement on Russian food and fertiliser exports, and said Tuesday that it saw no reason to extend the BSGI.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">"No doubt we are worried because the two agreements signed in Istanbul are very important for food security and for the developing countries in the global south," AFP quoted Rebeca Grynspan, head of the UN's trade and development agency UNCTAD, as saying to reporters in Geneva.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">UNCTAD has been a major player in brokering the deals along with Turkey, a NATO member which enjoys a cordial relation with Russia.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">Russia's invasion of Ukraine for its inclination towards NATO saw Ukraine's Black Sea ports blocked by warships until the agreement, signed in July 2022, allowed for the passage of critical grain exports.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">The initial 120-day agreement struck with the UN and Turkey last July has been extended three times: in November, March and in May, reported the AFP.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">“The parallel agreement, between Moscow and the UN, is aimed at facilitating the export of Russian food and fertilisers, which are exempt from Western sanctions imposed on Moscow over the Ukraine war. But Russia claims this parallel agreement is not being upheld.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">Ukraine was one of the world's top grain exporters, and the deal has helped ease the global food crunch triggered by the conflict.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">Some 32.8 million tonnes of food grains have been exported so far under the agreement, according to the UN. Just over half of the exports have been corn, while more than a quarter have been wheat.</span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18108', 'image' => '20230706103435_wheatttttt.jpg', 'article_date' => '2023-07-06 10:32:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18378', 'article_category_id' => '1', 'title' => 'Business Entities to Cooperate for Economic Stability ', 'sub_title' => '', 'summary' => 'July 6: Two private business entities have decided to join hands for economic stability. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 6: Two private business entities have decided to join hands for economic stability. Nepal Chamber of Commerce (NCC) and the Confederation of Nepalese Industries (CNI) are determined to work together for economic stability and development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">At a programme organized in the federal capital on Wednesday, NCC Chairperson Rajendra Malla underscored the need of effective coordination for budget and monetary policies. </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"">"We need to cooperate with each other to get private sector' demands fulfilled and the country's economic activities elevated," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, Malla rued over downcast morale of the private sector for long reasoning that investment atmosphere was not favourable due to high interest rate. Fiscal stability should be ensured via monetary policy, he said, urging all business entities to exert collective pressure on the government bodies to this end. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, CNI Chair Rajesh Kumar Agrawal said that cooperation among private sector stakeholders is essential for effective implementation of the monetary policy. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18107', 'image' => '20230706110505_NCCC.jpg', 'article_date' => '2023-07-06 11:04:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18376', 'article_category_id' => '1', 'title' => 'Neco Insurance Provides Rs 1.1 Million to Hospital', 'sub_title' => '', 'summary' => 'Neco Insurance Limited has provided financial assistance of Rs 1.1 million rupees to Mahendra Genai Memorial Maternity and and Child Welfare Hospital at Chhaparadi, Dhangadhimai Municipality Siraha.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 6: Neco Insurance Limited has provided financial assistance of Rs 1.1 million rupees to Mahendra Genai Memorial Maternity and and Child Welfare Hospital at Chhaparadi, Dhangadhimai Municipality Siraha. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Neco Insurance, which has been serving in the non- life insurance market of the country for the past 27 years, has extended its financial assistance as part of corporate social responsibility, according to the Neco Insurance. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The building of the hospital was constructed with the support of the Indian Embassy. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“The company provided the assistance to the hospital as it has been facing shortage of medical equipment, medicines, and other supplies,” the company’s press statement reads. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company believes that the financial aid will support for parturition and child care services in the Madhes. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During an event organized at the hospital, Mr. Ashok Kumar Khadka, the Chief Executive Officer of the company, handed over the cheque to the hospital.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18106', 'image' => '20230706061419_collage (1).jpg', 'article_date' => '2023-07-06 06:12:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '18375', 'article_category_id' => '1', 'title' => 'Dry landslide Blocks Prithvi Highway', 'sub_title' => '', 'summary' => 'A dry landslide has brought the Prithvi Highway to a complete halt between Mauri Bazaar and Turture Bazaar, Tanahun, on Wednesday evening. The obstruction, originating 100 meters above the road, has rendered vehicular movement along this crucial highway impossible.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 6: A dry landslide has brought the Prithvi Highway to a complete halt between Mauri Bazaar and Turture Bazaar, Tanahun, on Wednesday evening. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The obstruction, originating 100 meters above the road, has rendered vehicular movement along this crucial highway impossible.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Mohan Bahadur Khand, Deputy Superintendent of Police at the District Police Office in Tanahu, has confirmed that a collaborative effort is underway to remove the debris caused by the landslide. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The joint operation involves the Chinese contractor company, local authorities, and community members, all working together to restore traffic flow on the affected road.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To mitigate the inconvenience faced by travelers, the police have implemented a temporary diversion plan for small and mid-size vehicles traveling towards Pokhara via Tanahu. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">These vehicles are being rerouted through Polyang, taking the path from Damauli Bhirletarchowk via Kolesti. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18105', 'image' => '20230706055652_collage.jpg', 'article_date' => '2023-07-06 05:55:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '18374', 'article_category_id' => '1', 'title' => '22 Films Participating in 11th NAFFF', 'sub_title' => '', 'summary' => ' The 11th 'Nepal Africa Film Festival (NAFF)-2023' is set to commence on July 8. The three-day event will witness the participation of 12 nations, showcasing a total of 22 films.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 5: The 11th 'Nepal Africa Film Festival (NAFF)-2023' is set to commence on July 8. The three-day event will witness the participation of 12 nations, showcasing a total of 22 films.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Festival, organized by the College of Journalism and Mass Communications (CJMC) and supported by the Film Development Board and Bilakshan Creation, will serve as a dynamic platform for fostering cultural exchanges between Nepal and Africa, according to Festival and CJMC Director Manju Mishra.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"We try to connect the two different continents by the means of films," she said.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Ten African movies and 12 Nepali films and documentaries will be screened in the event. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to director Dabbu Chhetri, a day-long acting workshop themed 'National and International Market for Short Nepali Movies' has been scheduled during the festival. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The event will be held at local Rastriya Nachghar in Jamal. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-05', 'modified' => '2023-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '18104', 'image' => '20230705062355_collage (71).jpg', 'article_date' => '2023-07-05 18:22:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 7: The government has decided to accept US$ 300 million in concessional loan from the Asian Development Bank (ADB) as project assistance to run the Subregional Transport Enhancement Project. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers held on Tuesday also decided to accept US$ 50 million loan assistance to be received from the ADB for budget assistance under the Customs and Logistic Improvement Programme, said Minister for Communications and Information Technology Rekha Sharma. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the ADB, the programme is expected to help implement the current Customs Reform and Modernization Plan by improving customs processes through the introduction of digital technologies including electronic payments of customs duties and fees, and electronic submission of export documents. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the cabinet meeting has approved the MCA-Nepal to acquire land for power transmission line and substation in Sindhupalchowk, Palpa and Nawalparasi (Bardaghat Sustapurba) districts. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-07', 'modified' => '2023-07-07', 'keywords' => '', 'description' => '', 'sortorder' => '18120', 'image' => '20230707113049_ADB.jpeg', 'article_date' => '2023-07-07 11:29:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18388', 'article_category_id' => '1', 'title' => 'Heavy Rainfall Likely Today ', 'sub_title' => '', 'summary' => 'July 7: The country is expected to receive heavy rainfall today due to an impact of monsoon wind.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 7: The country is expected to receive heavy rainfall today due to an impact of monsoon wind. The Department of Hydrology and Meteorology said that the weather will be generally to mostly cloudy throughout the country today. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department said that light to moderate rainfall is likely to occur at some places of Koshi, Bagmati, Gandaki and Karnali provinces and at a few places in rest of the country while chances of heavy rainfall with thunder and lightning is expected at one or two places of Koshi, Bagmati and Gandaki provinces. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department said that heavy rainfall with thunderstorm and lightning is predicted to occur in some areas of Madhes, Lumbini and Sudurpaschim provinces as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tonight, the weather is expected to remain generally cloudy throughout the country. Light to moderate rainfall is likely to take place at some places of the country and the chances of heavy rain with thunder and lightning at one or two places of Koshi, Gandaki, Lumbini, Karnali and Sudur Pashchim provinces. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-07', 'modified' => '2023-07-07', 'keywords' => '', 'description' => '', 'sortorder' => '18119', 'image' => '20230707105928_rain.jpeg', 'article_date' => '2023-07-07 10:58:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18387', 'article_category_id' => '1', 'title' => 'Government Bans Plastic Bags Below 40 Microns', 'sub_title' => '', 'summary' => 'July 7: The government has banned the use of plastic bags and products that are below 40 microns in thickness. This decision was announced by the Ministry of Federal Affairs and General Administration through a statement released on Thursday.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 7: The government has banned the use of plastic bags and products that are below 40 microns in thickness. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This decision was announced by the Ministry of Federal Affairs and General Administration through a statement released on Thursday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dr. Krishna Hari Pushkar, the ministry secretary, emphasized the importance of reducing plastic bags and encouraged the use of polythene bags that are above 40 microns in thickness.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dr. Pushkar called upon all levels of government, including the federal, provincial, and local authorities, to extend their support</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government's decision comes in response to the findings of the Waste Management Baseline Survey conducted in 2022, which revealed alarming statistics regarding plastic waste generation.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the survey, plastic products accounted for 12 percent of household waste, 21 percent of institutional waste, and 22 percent of waste from various establishments. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-07', 'modified' => '2023-07-07', 'keywords' => '', 'description' => '', 'sortorder' => '18118', 'image' => '20230707060240_collage (2).jpg', 'article_date' => '2023-07-07 06:00:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '18386', 'article_category_id' => '1', 'title' => 'NEPSE Grants Trading Membership to Seven New Companies to Begin Brokerage Service', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange (NEPSE) has granted the trading membership to seven new brokerage companies for operation of their services. ', 'content' => '<p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">July 6: The Nepal Stock Exchange (NEPSE) has granted the trading membership to seven new brokerage companies for operation of their services. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">"A meeting of the Board of Directors of NEPSE decided to provide NEPSE membership to the seven new brokerage companies which have fulfilled all specified criteria," said NEPSE spokesperson Muraharii Parajuli. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Earlier, NEPSE had provided letter of intent (LOI)/preliminary license to seven companies in the first phase.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif"> In the first phase, the SEBON had granted licenses to seven brokerage companies to operate as limited brokers. They have now received the membership of the NEPSE to commence brokerage services. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif"> The seven new companies granted the membership to operate brokerage service include Bhole Ganesh Securities Limited, Capital Max Securities Limited, Himalayan Brokerage Company Limited, Sun Securities Private Limited, Miyo Securities Private Limited, Sharepro Securities Private Limited and Property Wizard Limited. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">NEPSE has assigned broker numbers to these companies, with San Securities being assigned broker number 64, Himalayan Brokerage as broker number 63, Miyo Securities as broker number 66.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Similarly, NEPSE has assigned SharePro Securities as broker number 65, Bhole Ganesh Securities as broker number 61, Capital Max Securities as broker number 62, and Property Wizard as broker number 67.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">In the second phase, SEBON had granted the brokerage licenses to 11 additional companies after they met all specified criteria.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Following the approval, Mega Stock Markets Limited can commence its services as a full operating securities broker. Additionally, Nabil Securities Limited, the lone applicant for a broker company with a dealer’s license, had its application approved. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Other nine companies which were granted licenses to work as limited securities brokers include Elite Stock House Limited, Infinity Securities Limited, Index Securities Limited, Shubkamana Securities Private Limited. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Others include Hatemalo Financial Services Private Limited, Money World Share Exchange Private Limited, Machhapuchhre Securities Limited, Kalash Stock Market Private Limited and KBL Securities Limited. </span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18116', 'image' => '20230706054635_collage (73).jpg', 'article_date' => '2023-07-06 17:41:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '18385', 'article_category_id' => '1', 'title' => 'Secondary Education Examinations(SEE) Results Published', 'sub_title' => '', 'summary' => 'The National Examinations Board (NEB) has published the results of the Secondary Education Examinations (SEE) for the academic year 2079 BS (2022-23).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 6: The National Examinations Board (NEB) has published the results of the Secondary Education Examinations (SEE) for the academic year 2079 BS (2022-23).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> In a meeting chaired by Dr. Mahashram Sharma, the Board decided to release the class 10 results today. The NEB has utilized a grade system for the SEE, which combines practical and theory scores. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">It is important to note that this is the last time the results will be published in this format, as the system will transition to a letter grading system next year.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the current grade system, students have been assigned grades based on their scores. Those scoring between 90-100 have received an 'A plus,' while scores between 80-90 are labeled as 'A.' </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the range of 70-80 corresponds to a 'B plus,' 60-70 to a 'B,' 50-60 to a 'C plus,' 40-50 to a 'C,' 30-40 to a 'D plus,' scores between 20-30 to a 'D,' and anything below 20 receives an 'E.'</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Initially, the NEB had planned to publish the results according to the Letter Grading Guidelines, 2078 BS for the 2079 BS SEE, but this was not feasible. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In total, 485,396 students participated in the SEE, which took place from April 2-12, 2023. Among the provinces, Bagmati had the highest number of students, with 102,000 participants, while Karnali had the lowest, with 38,608 students. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The examination was conducted across 2,037 exam centers, with 242,712 girls and 242,674 boys appearing for the SEE.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Letter Grading System will only consider students who score a minimum of 35 in theory and 40 in practical exams.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Students unable to meet these basic requirements will receive a non-graded (NG) assessment, rendering them ineligible to pursue Grade 11 studies.</span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18115', 'image' => '20230706050448_collage (72).jpg', 'article_date' => '2023-07-06 17:02:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18384', 'article_category_id' => '1', 'title' => 'Nepal Risks Falling in Gray List for Money Laundering', 'sub_title' => '', 'summary' => 'July 6: Nepal is in high risk of being listed in the gray list of countries involved in money laundering due to the delay in formulating strong anti-money laundering laws amid political instability.', '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 6: Nepal is in high risk of being listed in the gray list of countries involved in money laundering due to the delay in formulating strong anti-money laundering laws amid political instability. </span></span></span></span></p> <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"">Although the government has started the work of amending the law, it has not been implemented for a long time. The delay is due to political instability.</span></span></span></span></p> <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 Asia Pacific Group (APG) warned that Nepal will be subject to international monitoring if a strong anti-money laundering law is not enacted. The APG made its intentions clear in a preliminary assessment report submitted to the Office of the Prime Minister and Council of Ministers in early February. </span></span></span></span></p> <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 political leadership did not show much interest in making a strict law on money laundering. The government had registered a bill in the House of Representatives on February 10 to amend more than a dozen laws through the amendment of Some Nepal Acts to make a strong law related to money laundering through fast track. So far, the bill has not been passed by the parliament and is yet to become a law.</span></span></span></span></p> <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"">A strong law would not necessarily have avoided Nepal being under international scrutiny, but it would have sent a message to the international world that the government is serious about preventing illegal money from becoming legal.</span></span></span></span></p> <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"">Due to the lack of strong laws, Nepal is likely to fall in the gray list of Financial Action Task Force (FATF) and APG. A high-level government team is also lobbying to avoid the risk. For that, a jumbo team is going to discuss the matter with the evaluators of Financial Action Tax Force (FATF) in Canada.</span></span></span></span></p> <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 high-level sources, a team of around 30 officials will go to Canada under the leadership of Nepal Rastra Bank’s Governor Maha Prasad Adhikari. The team will include Prime Minister's Office Secretary Udayraj Sapkota, Law Secretary Dhanraj Gyawali along with the central bank's Executive Director Dev Kumar Dhakal and Financial Information Unit's Dirgha Rawal.</span></span></span></span></p> <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 team will also have representatives from the Prime Minister's Office, Ministry of Foreign Affairs and Ministry of Finance. Likewise, Deputy Attorney General as well as representatives from the Central Investigation Department, Asset Laundering Department, Judgment Implementation Unit, Securities Board of Nepal, Nepal Insurance Authority will also be included in the team. </span></span></span></span></p> <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"">Employees of the Ministry of Foreign Affairs will also be in the team. The discussion will be held in Canada from July 9 to 14. It has been learnt that the team is preparing to fly to Canada next Thursday.</span></span></span></span></p> <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"">Nepal will land in the "grey list" in September if the government officials do not come up with a strong response. If it falls in the "grey list", it will affect the country’s foreign trade, credit and investment.</span></span></span></span></p> <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"">FATF has accused Nepal that the legal provision of the Extradition Act is not sufficient, it has not worked on the law to control organized crime, it has not paid attention to the provisions in UN’s Convention against Corruption, Financial Crimes and Terrorist Activities. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal faces an uphill battle to satisfy the board of FATF about the progress and improvements made so far.</span></span></span></span></p> <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"">Currently, 21 countries from Syria to the UAE are included in the gray list. Most of the countries are from Africa and the Gulf region. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">If the countries in the gray list do not make any improvement, they will eventually be blacklisted. Since Nepal has not made a strong law, it will be very difficult for the Nepali authorities to counter those accusations.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18114', 'image' => '20230706043135_moneylaundering.jpg', 'article_date' => '2023-07-06 16:30:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18383', 'article_category_id' => '1', 'title' => '1xBet Agent Khadka found Involved in Online Gambling using Others' Citizenship without Consent ', 'sub_title' => '', 'summary' => 'July 6: Agent Dinesh Khadka, who was arrested on the charge of his involvement in online gambling through IxBet, has been found using citizenship certificates of other people without their consent. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 6: Agent Dinesh Khadka, who was arrested on the charge of his involvement in online gambling through IxBet, has been found using citizenship certificates of other people without their consent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Police said that in course of investigation Khadka was found making transactions of more than Rs 310 million through 1xBet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Khadka had opened 42 bank accounts using citizenship certificates of some people without their consent and deposited Rs 313 million illegally. He had also transferred the amount to other bank accounts by misusing digital device, according to spokesperson at the Kathmandu Valley Crime Investigation Office and Superintendent of Police Rabindra Regmi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Khadka has been sent to Teku-based District Police Range for necessary action after two victims filed FIR against Khadka at the Kathmandu Valley Crime Investigation Office, added Regmi. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18113', 'image' => '20230706030132_betting.jpg', 'article_date' => '2023-07-06 15:00:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18381', 'article_category_id' => '1', 'title' => 'Only Seven Insurance Companies meet Minimum Paid-up Capital Requirement', 'sub_title' => '', 'summary' => 'July 6: The deadline given by the Nepal Insurance Authority (NIA) to the insurance companies to maintain the minimum paid-up capital ends within a few days. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">July 6: The deadline given by the Nepal Insurance Authority (NIA) to the insurance companies to maintain the minimum paid-up capital ends within a few days. So far, only seven insurance companies have maintained the paid-up capital set by the governing body of the insurance sector.</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 the NIA, rights shares will be issued for the rest of the companies to maintain the minimum paid-up capital. The NIA’s board meeting has already given permission to NLG Insurance to issue 66 percent rights shares.</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 Insurance Authority (formerly known as Insurance Board of Nepal) had initially give a one-year time to the companies to raise their paid-up capital. However, since the companies did not meet the prescribed limit during that period, the authority issued the 'Insurance Registration and Insurance Business Operation (Second Amendment) Guideline, 2080' and extended the deadline until the end of the current fiscal year (mid-July) to maintain the prescribed limit of paid-up capital for them.</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 authority has fixed the minimum paid-up capital of Rs 5 billion for life insurance companies and Rs 2.5 billion for non-life insurance companies.</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"">Earlier, the paid-up capital of Non-Life Insurance Company was Rs 1 billion, and that of Life insurance companies was Rs 2 billion. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">A few days before the deadline set by the authority, three out of 15 life insurance companies in operation in Nepal have maintained the minimum paid-up capital. Towards non-life insurance segment, only four out of 14 companies have maintained the paid-up capital specified by the authority.</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 the authority, a company operating as a branch of a foreign company does not need to increase its capital.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In terms of life insurance, only Nepal Life Insurance Company Limited, Himalayan Life Insurance Company Limited and National Life Insurance Company Limited have maintained the paid-up capital specified by the authority. Nepal Life has maintained a paid-up capital of Rs 8.2 billion, Himalayan Life Rs 8.2 billion and National Life Rs 5.1 billion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">IGI Prudential Insurance Company Limited, Siddharth Premier Insurance Limited, Shikhar Insurance Company Limited and Sagarmatha Lumbini Insurance Company Limited have met the capital specified by the authority towards non-life insurance category. The paid-up capital of IGI Prudential has reached Rs 3.2 billion, Siddharth Premier Rs 2.8 billion, Shikhar Rs 2.65 billion and Sagarmatha Lumbini Rs 2.62 billion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Rajuraman Paudel, spokesperson for the Nepal Insurance Authority, companies that are unable to maintain the minimum paid-up capital have been instructed to issue rights shares and bonus shares to raise their capital. The NIA had given first priority to merger for increasing the capital.</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"">“Now they are giving a chance to maintain the minimum paid-up capital by issuing the rights shares, said Poudel, "Four insurance companies are in the process of issuing IPO at premium rates."</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 Paudel, the authority's board meeting held last Friday decided to allow NLG Insurance to issue 66 percent rights shares. Currently, the paid up capital of NLG Insurance is Rs 1.45 billion. The paid-up capital of the company will reach Rs 2.42 billion after issuing the rights share. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18111', 'image' => '20230706022044_INSURANCE-COVERAGE.jpg', 'article_date' => '2023-07-06 14:19:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18380', 'article_category_id' => '1', 'title' => 'SEE Results to be Published Today ', 'sub_title' => '', 'summary' => 'July 6: The National Examinations Board (NEB) is preparing to publish the Secondary School Examination (SEE) results today. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 6: The National Examinations Board (NEB) is preparing to publish the Secondary School Examination (SEE) results today. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The board said its preparation for the publication of the SEE results has come to a final stage. With this, the results would be published by Thursday evening, sources at the board informed RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bishnu Narayan Shrestha, examination controller of the Examination Control Office Grade 10, said technical works, including computer data entry and re-checking are being carried out after completing the checking of answer sheets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have come to the final stage of publishing the SEE results by this evening. The results would be published today itself if technical problem do not occur," he shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The board has decided to publish the results as per the system adopted in 2072 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NEB Chairperson Dr Mahashram Sharma said the board has made arrangement of easily accessing SEE results. Students can access the results through website, SMS and IVR. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">One can dial up 1600 to access the SEE results, the board said. Also the results are accessible through the NEB and Nepal Telecom websites. One can dial 1600, 31003, 34949, 35001 and 31064 to get results through SMS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The results would be accessible through www.see.gov.np, www.neb.gov.np, www.see.ntc.net.np, www.khaltif\.com, www.neemaacademy.com, www.ekantipur.com, www.theconncetplus.com, www.see.edusanjal.com, www.admissionnepal.com, www.seenicasiabank.com, www.neemaaacademy.com, www.mypay.com.np, www.nepaleducatipnportal.com, www.ayoresult.com, ww.results.matraeducation.com, www.tuteeline.com, it has been informed. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18110', 'image' => '20230706011345_20230703044048_exam-media1619757704.jpg', 'article_date' => '2023-07-06 13:13:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18379', 'article_category_id' => '1', 'title' => 'Local Governments Demand Release of 50 Percent of Equalization Grants ', 'sub_title' => '', 'summary' => 'July 6: Municipality Association of Nepal (MuAN) and the National Association of Rural Municipalities in Nepal (NARMIN) submitted a memorandum to Finance Minister Dr Prakash Sharan Mahat urging the government to revoke its decision to deduct the equalization grants announced for the local level governments. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 6: Municipality Association of Nepal (MuAN) and the National Association of Rural Municipalities in Nepal (NARMIN) submitted a memorandum to Finance Minister Dr Prakash Sharan Mahat urging the government to revoke its decision to deduct the equalization grants announced for the local level governments. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">President of the MuAN Bhim Prasad Dhungana and President of the NARMIN Lakshmidevi Pandey submitted the memorandum to Finance Minister Dr Mahat at Singha Durbar on Wednesday, according to the RSS. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the memo, they have demanded that the last installment of the fiscal equalization grant to be sent to the provincial and local levels for the fiscal year 2022/23 should be released without any delay, the state-owned news agency reported. The first 50 percent of the amount has already been disbursed. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The budget of the local governments, which are already struggling due to minimal internal revenue, will be seriously affected by the reduction in the equalization grant, reads the memo. Furthermore, they argued that the decision to deduct the equalization grant is against the spirit of fiscal federalism and the constitution. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Since the deadline for spending in the current fiscal year is July 8, the funds should be released immediately, adds the memo. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Around two months ago, the government had decided to cut the fiscal equalization grants due to pressure on its finances. A cabinet meeting on April 25 decided to downsize the grant by 50 percent from Rs 46 billion to Rs 23 billion as it struggled to strike a balance between its increasing current expenses and dwindling revenue collection. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">With the current fiscal year drawing to a close, the government has fallen short of its revenue collection target by Rs 500 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had set a target of collecting revenue of Rs 1403.14 billion in the current fiscal year. However, the government has been able to collect only Rs 899 billion as of July 3. The current fiscal year ends on July 16.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18109', 'image' => '20230706113816_grant-writing.jpg', 'article_date' => '2023-07-06 11:37:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18377', 'article_category_id' => '1', 'title' => 'UN Concerned about Ukraine Grain Export Deal', 'sub_title' => '', 'summary' => 'July 6: The United Nations has expressed its concerns about the fate of a grain exports deal for Ukraine, which it says could collapse within a fortnight, threatening food security for the world's most vulnerable.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">AGENCIES<br /> July 6: The United Nations has expressed its concerns about the fate of a grain exports deal for Ukraine, which it says could collapse within a fortnight, threatening food security for the world's most vulnerable.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">The Black Sea Grain Initiative (BSGI) aimed at easing a global food crisis is set to expire on July 17 unless Russia, which launched an invasion of Ukraine launched on February 24, 2022, agrees to its renewal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">According to the AFP, Moscow is unhappy about the operation of the deal's parallel agreement on Russian food and fertiliser exports, and said Tuesday that it saw no reason to extend the BSGI.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">"No doubt we are worried because the two agreements signed in Istanbul are very important for food security and for the developing countries in the global south," AFP quoted Rebeca Grynspan, head of the UN's trade and development agency UNCTAD, as saying to reporters in Geneva.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">UNCTAD has been a major player in brokering the deals along with Turkey, a NATO member which enjoys a cordial relation with Russia.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">Russia's invasion of Ukraine for its inclination towards NATO saw Ukraine's Black Sea ports blocked by warships until the agreement, signed in July 2022, allowed for the passage of critical grain exports.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">The initial 120-day agreement struck with the UN and Turkey last July has been extended three times: in November, March and in May, reported the AFP.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">“The parallel agreement, between Moscow and the UN, is aimed at facilitating the export of Russian food and fertilisers, which are exempt from Western sanctions imposed on Moscow over the Ukraine war. But Russia claims this parallel agreement is not being upheld.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">Ukraine was one of the world's top grain exporters, and the deal has helped ease the global food crunch triggered by the conflict.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">Some 32.8 million tonnes of food grains have been exported so far under the agreement, according to the UN. Just over half of the exports have been corn, while more than a quarter have been wheat.</span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18108', 'image' => '20230706103435_wheatttttt.jpg', 'article_date' => '2023-07-06 10:32:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18378', 'article_category_id' => '1', 'title' => 'Business Entities to Cooperate for Economic Stability ', 'sub_title' => '', 'summary' => 'July 6: Two private business entities have decided to join hands for economic stability. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 6: Two private business entities have decided to join hands for economic stability. Nepal Chamber of Commerce (NCC) and the Confederation of Nepalese Industries (CNI) are determined to work together for economic stability and development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">At a programme organized in the federal capital on Wednesday, NCC Chairperson Rajendra Malla underscored the need of effective coordination for budget and monetary policies. </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"">"We need to cooperate with each other to get private sector' demands fulfilled and the country's economic activities elevated," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, Malla rued over downcast morale of the private sector for long reasoning that investment atmosphere was not favourable due to high interest rate. Fiscal stability should be ensured via monetary policy, he said, urging all business entities to exert collective pressure on the government bodies to this end. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, CNI Chair Rajesh Kumar Agrawal said that cooperation among private sector stakeholders is essential for effective implementation of the monetary policy. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18107', 'image' => '20230706110505_NCCC.jpg', 'article_date' => '2023-07-06 11:04:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18376', 'article_category_id' => '1', 'title' => 'Neco Insurance Provides Rs 1.1 Million to Hospital', 'sub_title' => '', 'summary' => 'Neco Insurance Limited has provided financial assistance of Rs 1.1 million rupees to Mahendra Genai Memorial Maternity and and Child Welfare Hospital at Chhaparadi, Dhangadhimai Municipality Siraha.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 6: Neco Insurance Limited has provided financial assistance of Rs 1.1 million rupees to Mahendra Genai Memorial Maternity and and Child Welfare Hospital at Chhaparadi, Dhangadhimai Municipality Siraha. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Neco Insurance, which has been serving in the non- life insurance market of the country for the past 27 years, has extended its financial assistance as part of corporate social responsibility, according to the Neco Insurance. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The building of the hospital was constructed with the support of the Indian Embassy. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“The company provided the assistance to the hospital as it has been facing shortage of medical equipment, medicines, and other supplies,” the company’s press statement reads. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company believes that the financial aid will support for parturition and child care services in the Madhes. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During an event organized at the hospital, Mr. Ashok Kumar Khadka, the Chief Executive Officer of the company, handed over the cheque to the hospital.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18106', 'image' => '20230706061419_collage (1).jpg', 'article_date' => '2023-07-06 06:12:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '18375', 'article_category_id' => '1', 'title' => 'Dry landslide Blocks Prithvi Highway', 'sub_title' => '', 'summary' => 'A dry landslide has brought the Prithvi Highway to a complete halt between Mauri Bazaar and Turture Bazaar, Tanahun, on Wednesday evening. The obstruction, originating 100 meters above the road, has rendered vehicular movement along this crucial highway impossible.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 6: A dry landslide has brought the Prithvi Highway to a complete halt between Mauri Bazaar and Turture Bazaar, Tanahun, on Wednesday evening. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The obstruction, originating 100 meters above the road, has rendered vehicular movement along this crucial highway impossible.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Mohan Bahadur Khand, Deputy Superintendent of Police at the District Police Office in Tanahu, has confirmed that a collaborative effort is underway to remove the debris caused by the landslide. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The joint operation involves the Chinese contractor company, local authorities, and community members, all working together to restore traffic flow on the affected road.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To mitigate the inconvenience faced by travelers, the police have implemented a temporary diversion plan for small and mid-size vehicles traveling towards Pokhara via Tanahu. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">These vehicles are being rerouted through Polyang, taking the path from Damauli Bhirletarchowk via Kolesti. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18105', 'image' => '20230706055652_collage.jpg', 'article_date' => '2023-07-06 05:55:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '18374', 'article_category_id' => '1', 'title' => '22 Films Participating in 11th NAFFF', 'sub_title' => '', 'summary' => ' The 11th 'Nepal Africa Film Festival (NAFF)-2023' is set to commence on July 8. The three-day event will witness the participation of 12 nations, showcasing a total of 22 films.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 5: The 11th 'Nepal Africa Film Festival (NAFF)-2023' is set to commence on July 8. The three-day event will witness the participation of 12 nations, showcasing a total of 22 films.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Festival, organized by the College of Journalism and Mass Communications (CJMC) and supported by the Film Development Board and Bilakshan Creation, will serve as a dynamic platform for fostering cultural exchanges between Nepal and Africa, according to Festival and CJMC Director Manju Mishra.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"We try to connect the two different continents by the means of films," she said.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Ten African movies and 12 Nepali films and documentaries will be screened in the event. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to director Dabbu Chhetri, a day-long acting workshop themed 'National and International Market for Short Nepali Movies' has been scheduled during the festival. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The event will be held at local Rastriya Nachghar in Jamal. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-05', 'modified' => '2023-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '18104', 'image' => '20230705062355_collage (71).jpg', 'article_date' => '2023-07-05 18:22:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 7: The government has decided to accept US$ 300 million in concessional loan from the Asian Development Bank (ADB) as project assistance to run the Subregional Transport Enhancement Project. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers held on Tuesday also decided to accept US$ 50 million loan assistance to be received from the ADB for budget assistance under the Customs and Logistic Improvement Programme, said Minister for Communications and Information Technology Rekha Sharma. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the ADB, the programme is expected to help implement the current Customs Reform and Modernization Plan by improving customs processes through the introduction of digital technologies including electronic payments of customs duties and fees, and electronic submission of export documents. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the cabinet meeting has approved the MCA-Nepal to acquire land for power transmission line and substation in Sindhupalchowk, Palpa and Nawalparasi (Bardaghat Sustapurba) districts. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-07', 'modified' => '2023-07-07', 'keywords' => '', 'description' => '', 'sortorder' => '18120', 'image' => '20230707113049_ADB.jpeg', 'article_date' => '2023-07-07 11:29:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18388', 'article_category_id' => '1', 'title' => 'Heavy Rainfall Likely Today ', 'sub_title' => '', 'summary' => 'July 7: The country is expected to receive heavy rainfall today due to an impact of monsoon wind.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 7: The country is expected to receive heavy rainfall today due to an impact of monsoon wind. The Department of Hydrology and Meteorology said that the weather will be generally to mostly cloudy throughout the country today. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department said that light to moderate rainfall is likely to occur at some places of Koshi, Bagmati, Gandaki and Karnali provinces and at a few places in rest of the country while chances of heavy rainfall with thunder and lightning is expected at one or two places of Koshi, Bagmati and Gandaki provinces. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department said that heavy rainfall with thunderstorm and lightning is predicted to occur in some areas of Madhes, Lumbini and Sudurpaschim provinces as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tonight, the weather is expected to remain generally cloudy throughout the country. Light to moderate rainfall is likely to take place at some places of the country and the chances of heavy rain with thunder and lightning at one or two places of Koshi, Gandaki, Lumbini, Karnali and Sudur Pashchim provinces. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-07', 'modified' => '2023-07-07', 'keywords' => '', 'description' => '', 'sortorder' => '18119', 'image' => '20230707105928_rain.jpeg', 'article_date' => '2023-07-07 10:58:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18387', 'article_category_id' => '1', 'title' => 'Government Bans Plastic Bags Below 40 Microns', 'sub_title' => '', 'summary' => 'July 7: The government has banned the use of plastic bags and products that are below 40 microns in thickness. This decision was announced by the Ministry of Federal Affairs and General Administration through a statement released on Thursday.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 7: The government has banned the use of plastic bags and products that are below 40 microns in thickness. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This decision was announced by the Ministry of Federal Affairs and General Administration through a statement released on Thursday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dr. Krishna Hari Pushkar, the ministry secretary, emphasized the importance of reducing plastic bags and encouraged the use of polythene bags that are above 40 microns in thickness.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Dr. Pushkar called upon all levels of government, including the federal, provincial, and local authorities, to extend their support</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government's decision comes in response to the findings of the Waste Management Baseline Survey conducted in 2022, which revealed alarming statistics regarding plastic waste generation.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the survey, plastic products accounted for 12 percent of household waste, 21 percent of institutional waste, and 22 percent of waste from various establishments. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-07', 'modified' => '2023-07-07', 'keywords' => '', 'description' => '', 'sortorder' => '18118', 'image' => '20230707060240_collage (2).jpg', 'article_date' => '2023-07-07 06:00:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '18386', 'article_category_id' => '1', 'title' => 'NEPSE Grants Trading Membership to Seven New Companies to Begin Brokerage Service', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange (NEPSE) has granted the trading membership to seven new brokerage companies for operation of their services. ', 'content' => '<p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">July 6: The Nepal Stock Exchange (NEPSE) has granted the trading membership to seven new brokerage companies for operation of their services. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">"A meeting of the Board of Directors of NEPSE decided to provide NEPSE membership to the seven new brokerage companies which have fulfilled all specified criteria," said NEPSE spokesperson Muraharii Parajuli. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Earlier, NEPSE had provided letter of intent (LOI)/preliminary license to seven companies in the first phase.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif"> In the first phase, the SEBON had granted licenses to seven brokerage companies to operate as limited brokers. They have now received the membership of the NEPSE to commence brokerage services. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif"> The seven new companies granted the membership to operate brokerage service include Bhole Ganesh Securities Limited, Capital Max Securities Limited, Himalayan Brokerage Company Limited, Sun Securities Private Limited, Miyo Securities Private Limited, Sharepro Securities Private Limited and Property Wizard Limited. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">NEPSE has assigned broker numbers to these companies, with San Securities being assigned broker number 64, Himalayan Brokerage as broker number 63, Miyo Securities as broker number 66.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Similarly, NEPSE has assigned SharePro Securities as broker number 65, Bhole Ganesh Securities as broker number 61, Capital Max Securities as broker number 62, and Property Wizard as broker number 67.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">In the second phase, SEBON had granted the brokerage licenses to 11 additional companies after they met all specified criteria.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Following the approval, Mega Stock Markets Limited can commence its services as a full operating securities broker. Additionally, Nabil Securities Limited, the lone applicant for a broker company with a dealer’s license, had its application approved. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Other nine companies which were granted licenses to work as limited securities brokers include Elite Stock House Limited, Infinity Securities Limited, Index Securities Limited, Shubkamana Securities Private Limited. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Others include Hatemalo Financial Services Private Limited, Money World Share Exchange Private Limited, Machhapuchhre Securities Limited, Kalash Stock Market Private Limited and KBL Securities Limited. </span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18116', 'image' => '20230706054635_collage (73).jpg', 'article_date' => '2023-07-06 17:41:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '18385', 'article_category_id' => '1', 'title' => 'Secondary Education Examinations(SEE) Results Published', 'sub_title' => '', 'summary' => 'The National Examinations Board (NEB) has published the results of the Secondary Education Examinations (SEE) for the academic year 2079 BS (2022-23).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 6: The National Examinations Board (NEB) has published the results of the Secondary Education Examinations (SEE) for the academic year 2079 BS (2022-23).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> In a meeting chaired by Dr. Mahashram Sharma, the Board decided to release the class 10 results today. The NEB has utilized a grade system for the SEE, which combines practical and theory scores. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">It is important to note that this is the last time the results will be published in this format, as the system will transition to a letter grading system next year.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the current grade system, students have been assigned grades based on their scores. Those scoring between 90-100 have received an 'A plus,' while scores between 80-90 are labeled as 'A.' </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the range of 70-80 corresponds to a 'B plus,' 60-70 to a 'B,' 50-60 to a 'C plus,' 40-50 to a 'C,' 30-40 to a 'D plus,' scores between 20-30 to a 'D,' and anything below 20 receives an 'E.'</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Initially, the NEB had planned to publish the results according to the Letter Grading Guidelines, 2078 BS for the 2079 BS SEE, but this was not feasible. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In total, 485,396 students participated in the SEE, which took place from April 2-12, 2023. Among the provinces, Bagmati had the highest number of students, with 102,000 participants, while Karnali had the lowest, with 38,608 students. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The examination was conducted across 2,037 exam centers, with 242,712 girls and 242,674 boys appearing for the SEE.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Letter Grading System will only consider students who score a minimum of 35 in theory and 40 in practical exams.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Students unable to meet these basic requirements will receive a non-graded (NG) assessment, rendering them ineligible to pursue Grade 11 studies.</span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18115', 'image' => '20230706050448_collage (72).jpg', 'article_date' => '2023-07-06 17:02:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18384', 'article_category_id' => '1', 'title' => 'Nepal Risks Falling in Gray List for Money Laundering', 'sub_title' => '', 'summary' => 'July 6: Nepal is in high risk of being listed in the gray list of countries involved in money laundering due to the delay in formulating strong anti-money laundering laws amid political instability.', '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 6: Nepal is in high risk of being listed in the gray list of countries involved in money laundering due to the delay in formulating strong anti-money laundering laws amid political instability. </span></span></span></span></p> <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"">Although the government has started the work of amending the law, it has not been implemented for a long time. The delay is due to political instability.</span></span></span></span></p> <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 Asia Pacific Group (APG) warned that Nepal will be subject to international monitoring if a strong anti-money laundering law is not enacted. The APG made its intentions clear in a preliminary assessment report submitted to the Office of the Prime Minister and Council of Ministers in early February. </span></span></span></span></p> <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 political leadership did not show much interest in making a strict law on money laundering. The government had registered a bill in the House of Representatives on February 10 to amend more than a dozen laws through the amendment of Some Nepal Acts to make a strong law related to money laundering through fast track. So far, the bill has not been passed by the parliament and is yet to become a law.</span></span></span></span></p> <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"">A strong law would not necessarily have avoided Nepal being under international scrutiny, but it would have sent a message to the international world that the government is serious about preventing illegal money from becoming legal.</span></span></span></span></p> <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"">Due to the lack of strong laws, Nepal is likely to fall in the gray list of Financial Action Task Force (FATF) and APG. A high-level government team is also lobbying to avoid the risk. For that, a jumbo team is going to discuss the matter with the evaluators of Financial Action Tax Force (FATF) in Canada.</span></span></span></span></p> <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 high-level sources, a team of around 30 officials will go to Canada under the leadership of Nepal Rastra Bank’s Governor Maha Prasad Adhikari. The team will include Prime Minister's Office Secretary Udayraj Sapkota, Law Secretary Dhanraj Gyawali along with the central bank's Executive Director Dev Kumar Dhakal and Financial Information Unit's Dirgha Rawal.</span></span></span></span></p> <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 team will also have representatives from the Prime Minister's Office, Ministry of Foreign Affairs and Ministry of Finance. Likewise, Deputy Attorney General as well as representatives from the Central Investigation Department, Asset Laundering Department, Judgment Implementation Unit, Securities Board of Nepal, Nepal Insurance Authority will also be included in the team. </span></span></span></span></p> <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"">Employees of the Ministry of Foreign Affairs will also be in the team. The discussion will be held in Canada from July 9 to 14. It has been learnt that the team is preparing to fly to Canada next Thursday.</span></span></span></span></p> <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"">Nepal will land in the "grey list" in September if the government officials do not come up with a strong response. If it falls in the "grey list", it will affect the country’s foreign trade, credit and investment.</span></span></span></span></p> <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"">FATF has accused Nepal that the legal provision of the Extradition Act is not sufficient, it has not worked on the law to control organized crime, it has not paid attention to the provisions in UN’s Convention against Corruption, Financial Crimes and Terrorist Activities. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal faces an uphill battle to satisfy the board of FATF about the progress and improvements made so far.</span></span></span></span></p> <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"">Currently, 21 countries from Syria to the UAE are included in the gray list. Most of the countries are from Africa and the Gulf region. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">If the countries in the gray list do not make any improvement, they will eventually be blacklisted. Since Nepal has not made a strong law, it will be very difficult for the Nepali authorities to counter those accusations.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18114', 'image' => '20230706043135_moneylaundering.jpg', 'article_date' => '2023-07-06 16:30:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18383', 'article_category_id' => '1', 'title' => '1xBet Agent Khadka found Involved in Online Gambling using Others' Citizenship without Consent ', 'sub_title' => '', 'summary' => 'July 6: Agent Dinesh Khadka, who was arrested on the charge of his involvement in online gambling through IxBet, has been found using citizenship certificates of other people without their consent. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 6: Agent Dinesh Khadka, who was arrested on the charge of his involvement in online gambling through IxBet, has been found using citizenship certificates of other people without their consent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Police said that in course of investigation Khadka was found making transactions of more than Rs 310 million through 1xBet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Khadka had opened 42 bank accounts using citizenship certificates of some people without their consent and deposited Rs 313 million illegally. He had also transferred the amount to other bank accounts by misusing digital device, according to spokesperson at the Kathmandu Valley Crime Investigation Office and Superintendent of Police Rabindra Regmi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Khadka has been sent to Teku-based District Police Range for necessary action after two victims filed FIR against Khadka at the Kathmandu Valley Crime Investigation Office, added Regmi. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18113', 'image' => '20230706030132_betting.jpg', 'article_date' => '2023-07-06 15:00:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18381', 'article_category_id' => '1', 'title' => 'Only Seven Insurance Companies meet Minimum Paid-up Capital Requirement', 'sub_title' => '', 'summary' => 'July 6: The deadline given by the Nepal Insurance Authority (NIA) to the insurance companies to maintain the minimum paid-up capital ends within a few days. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">July 6: The deadline given by the Nepal Insurance Authority (NIA) to the insurance companies to maintain the minimum paid-up capital ends within a few days. So far, only seven insurance companies have maintained the paid-up capital set by the governing body of the insurance sector.</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 the NIA, rights shares will be issued for the rest of the companies to maintain the minimum paid-up capital. The NIA’s board meeting has already given permission to NLG Insurance to issue 66 percent rights shares.</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 Insurance Authority (formerly known as Insurance Board of Nepal) had initially give a one-year time to the companies to raise their paid-up capital. However, since the companies did not meet the prescribed limit during that period, the authority issued the 'Insurance Registration and Insurance Business Operation (Second Amendment) Guideline, 2080' and extended the deadline until the end of the current fiscal year (mid-July) to maintain the prescribed limit of paid-up capital for them.</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 authority has fixed the minimum paid-up capital of Rs 5 billion for life insurance companies and Rs 2.5 billion for non-life insurance companies.</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"">Earlier, the paid-up capital of Non-Life Insurance Company was Rs 1 billion, and that of Life insurance companies was Rs 2 billion. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">A few days before the deadline set by the authority, three out of 15 life insurance companies in operation in Nepal have maintained the minimum paid-up capital. Towards non-life insurance segment, only four out of 14 companies have maintained the paid-up capital specified by the authority.</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 the authority, a company operating as a branch of a foreign company does not need to increase its capital.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In terms of life insurance, only Nepal Life Insurance Company Limited, Himalayan Life Insurance Company Limited and National Life Insurance Company Limited have maintained the paid-up capital specified by the authority. Nepal Life has maintained a paid-up capital of Rs 8.2 billion, Himalayan Life Rs 8.2 billion and National Life Rs 5.1 billion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">IGI Prudential Insurance Company Limited, Siddharth Premier Insurance Limited, Shikhar Insurance Company Limited and Sagarmatha Lumbini Insurance Company Limited have met the capital specified by the authority towards non-life insurance category. The paid-up capital of IGI Prudential has reached Rs 3.2 billion, Siddharth Premier Rs 2.8 billion, Shikhar Rs 2.65 billion and Sagarmatha Lumbini Rs 2.62 billion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Rajuraman Paudel, spokesperson for the Nepal Insurance Authority, companies that are unable to maintain the minimum paid-up capital have been instructed to issue rights shares and bonus shares to raise their capital. The NIA had given first priority to merger for increasing the capital.</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"">“Now they are giving a chance to maintain the minimum paid-up capital by issuing the rights shares, said Poudel, "Four insurance companies are in the process of issuing IPO at premium rates."</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 Paudel, the authority's board meeting held last Friday decided to allow NLG Insurance to issue 66 percent rights shares. Currently, the paid up capital of NLG Insurance is Rs 1.45 billion. The paid-up capital of the company will reach Rs 2.42 billion after issuing the rights share. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18111', 'image' => '20230706022044_INSURANCE-COVERAGE.jpg', 'article_date' => '2023-07-06 14:19:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18380', 'article_category_id' => '1', 'title' => 'SEE Results to be Published Today ', 'sub_title' => '', 'summary' => 'July 6: The National Examinations Board (NEB) is preparing to publish the Secondary School Examination (SEE) results today. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 6: The National Examinations Board (NEB) is preparing to publish the Secondary School Examination (SEE) results today. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The board said its preparation for the publication of the SEE results has come to a final stage. With this, the results would be published by Thursday evening, sources at the board informed RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bishnu Narayan Shrestha, examination controller of the Examination Control Office Grade 10, said technical works, including computer data entry and re-checking are being carried out after completing the checking of answer sheets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have come to the final stage of publishing the SEE results by this evening. The results would be published today itself if technical problem do not occur," he shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The board has decided to publish the results as per the system adopted in 2072 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NEB Chairperson Dr Mahashram Sharma said the board has made arrangement of easily accessing SEE results. Students can access the results through website, SMS and IVR. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">One can dial up 1600 to access the SEE results, the board said. Also the results are accessible through the NEB and Nepal Telecom websites. One can dial 1600, 31003, 34949, 35001 and 31064 to get results through SMS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The results would be accessible through www.see.gov.np, www.neb.gov.np, www.see.ntc.net.np, www.khaltif\.com, www.neemaacademy.com, www.ekantipur.com, www.theconncetplus.com, www.see.edusanjal.com, www.admissionnepal.com, www.seenicasiabank.com, www.neemaaacademy.com, www.mypay.com.np, www.nepaleducatipnportal.com, www.ayoresult.com, ww.results.matraeducation.com, www.tuteeline.com, it has been informed. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18110', 'image' => '20230706011345_20230703044048_exam-media1619757704.jpg', 'article_date' => '2023-07-06 13:13:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18379', 'article_category_id' => '1', 'title' => 'Local Governments Demand Release of 50 Percent of Equalization Grants ', 'sub_title' => '', 'summary' => 'July 6: Municipality Association of Nepal (MuAN) and the National Association of Rural Municipalities in Nepal (NARMIN) submitted a memorandum to Finance Minister Dr Prakash Sharan Mahat urging the government to revoke its decision to deduct the equalization grants announced for the local level governments. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 6: Municipality Association of Nepal (MuAN) and the National Association of Rural Municipalities in Nepal (NARMIN) submitted a memorandum to Finance Minister Dr Prakash Sharan Mahat urging the government to revoke its decision to deduct the equalization grants announced for the local level governments. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">President of the MuAN Bhim Prasad Dhungana and President of the NARMIN Lakshmidevi Pandey submitted the memorandum to Finance Minister Dr Mahat at Singha Durbar on Wednesday, according to the RSS. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the memo, they have demanded that the last installment of the fiscal equalization grant to be sent to the provincial and local levels for the fiscal year 2022/23 should be released without any delay, the state-owned news agency reported. The first 50 percent of the amount has already been disbursed. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The budget of the local governments, which are already struggling due to minimal internal revenue, will be seriously affected by the reduction in the equalization grant, reads the memo. Furthermore, they argued that the decision to deduct the equalization grant is against the spirit of fiscal federalism and the constitution. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Since the deadline for spending in the current fiscal year is July 8, the funds should be released immediately, adds the memo. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Around two months ago, the government had decided to cut the fiscal equalization grants due to pressure on its finances. A cabinet meeting on April 25 decided to downsize the grant by 50 percent from Rs 46 billion to Rs 23 billion as it struggled to strike a balance between its increasing current expenses and dwindling revenue collection. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">With the current fiscal year drawing to a close, the government has fallen short of its revenue collection target by Rs 500 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had set a target of collecting revenue of Rs 1403.14 billion in the current fiscal year. However, the government has been able to collect only Rs 899 billion as of July 3. The current fiscal year ends on July 16.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18109', 'image' => '20230706113816_grant-writing.jpg', 'article_date' => '2023-07-06 11:37:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18377', 'article_category_id' => '1', 'title' => 'UN Concerned about Ukraine Grain Export Deal', 'sub_title' => '', 'summary' => 'July 6: The United Nations has expressed its concerns about the fate of a grain exports deal for Ukraine, which it says could collapse within a fortnight, threatening food security for the world's most vulnerable.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">AGENCIES<br /> July 6: The United Nations has expressed its concerns about the fate of a grain exports deal for Ukraine, which it says could collapse within a fortnight, threatening food security for the world's most vulnerable.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">The Black Sea Grain Initiative (BSGI) aimed at easing a global food crisis is set to expire on July 17 unless Russia, which launched an invasion of Ukraine launched on February 24, 2022, agrees to its renewal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">According to the AFP, Moscow is unhappy about the operation of the deal's parallel agreement on Russian food and fertiliser exports, and said Tuesday that it saw no reason to extend the BSGI.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">"No doubt we are worried because the two agreements signed in Istanbul are very important for food security and for the developing countries in the global south," AFP quoted Rebeca Grynspan, head of the UN's trade and development agency UNCTAD, as saying to reporters in Geneva.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">UNCTAD has been a major player in brokering the deals along with Turkey, a NATO member which enjoys a cordial relation with Russia.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">Russia's invasion of Ukraine for its inclination towards NATO saw Ukraine's Black Sea ports blocked by warships until the agreement, signed in July 2022, allowed for the passage of critical grain exports.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">The initial 120-day agreement struck with the UN and Turkey last July has been extended three times: in November, March and in May, reported the AFP.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">“The parallel agreement, between Moscow and the UN, is aimed at facilitating the export of Russian food and fertilisers, which are exempt from Western sanctions imposed on Moscow over the Ukraine war. But Russia claims this parallel agreement is not being upheld.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">Ukraine was one of the world's top grain exporters, and the deal has helped ease the global food crunch triggered by the conflict.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:Verdana,"sans-serif"">Some 32.8 million tonnes of food grains have been exported so far under the agreement, according to the UN. Just over half of the exports have been corn, while more than a quarter have been wheat.</span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18108', 'image' => '20230706103435_wheatttttt.jpg', 'article_date' => '2023-07-06 10:32:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18378', 'article_category_id' => '1', 'title' => 'Business Entities to Cooperate for Economic Stability ', 'sub_title' => '', 'summary' => 'July 6: Two private business entities have decided to join hands for economic stability. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 6: Two private business entities have decided to join hands for economic stability. Nepal Chamber of Commerce (NCC) and the Confederation of Nepalese Industries (CNI) are determined to work together for economic stability and development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">At a programme organized in the federal capital on Wednesday, NCC Chairperson Rajendra Malla underscored the need of effective coordination for budget and monetary policies. </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"">"We need to cooperate with each other to get private sector' demands fulfilled and the country's economic activities elevated," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, Malla rued over downcast morale of the private sector for long reasoning that investment atmosphere was not favourable due to high interest rate. Fiscal stability should be ensured via monetary policy, he said, urging all business entities to exert collective pressure on the government bodies to this end. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, CNI Chair Rajesh Kumar Agrawal said that cooperation among private sector stakeholders is essential for effective implementation of the monetary policy. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18107', 'image' => '20230706110505_NCCC.jpg', 'article_date' => '2023-07-06 11:04:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18376', 'article_category_id' => '1', 'title' => 'Neco Insurance Provides Rs 1.1 Million to Hospital', 'sub_title' => '', 'summary' => 'Neco Insurance Limited has provided financial assistance of Rs 1.1 million rupees to Mahendra Genai Memorial Maternity and and Child Welfare Hospital at Chhaparadi, Dhangadhimai Municipality Siraha.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 6: Neco Insurance Limited has provided financial assistance of Rs 1.1 million rupees to Mahendra Genai Memorial Maternity and and Child Welfare Hospital at Chhaparadi, Dhangadhimai Municipality Siraha. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Neco Insurance, which has been serving in the non- life insurance market of the country for the past 27 years, has extended its financial assistance as part of corporate social responsibility, according to the Neco Insurance. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The building of the hospital was constructed with the support of the Indian Embassy. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">“The company provided the assistance to the hospital as it has been facing shortage of medical equipment, medicines, and other supplies,” the company’s press statement reads. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company believes that the financial aid will support for parturition and child care services in the Madhes. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During an event organized at the hospital, Mr. Ashok Kumar Khadka, the Chief Executive Officer of the company, handed over the cheque to the hospital.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18106', 'image' => '20230706061419_collage (1).jpg', 'article_date' => '2023-07-06 06:12:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '18375', 'article_category_id' => '1', 'title' => 'Dry landslide Blocks Prithvi Highway', 'sub_title' => '', 'summary' => 'A dry landslide has brought the Prithvi Highway to a complete halt between Mauri Bazaar and Turture Bazaar, Tanahun, on Wednesday evening. The obstruction, originating 100 meters above the road, has rendered vehicular movement along this crucial highway impossible.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 6: A dry landslide has brought the Prithvi Highway to a complete halt between Mauri Bazaar and Turture Bazaar, Tanahun, on Wednesday evening. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The obstruction, originating 100 meters above the road, has rendered vehicular movement along this crucial highway impossible.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Mohan Bahadur Khand, Deputy Superintendent of Police at the District Police Office in Tanahu, has confirmed that a collaborative effort is underway to remove the debris caused by the landslide. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The joint operation involves the Chinese contractor company, local authorities, and community members, all working together to restore traffic flow on the affected road.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To mitigate the inconvenience faced by travelers, the police have implemented a temporary diversion plan for small and mid-size vehicles traveling towards Pokhara via Tanahu. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">These vehicles are being rerouted through Polyang, taking the path from Damauli Bhirletarchowk via Kolesti. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-06', 'modified' => '2023-07-06', 'keywords' => '', 'description' => '', 'sortorder' => '18105', 'image' => '20230706055652_collage.jpg', 'article_date' => '2023-07-06 05:55:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '18374', 'article_category_id' => '1', 'title' => '22 Films Participating in 11th NAFFF', 'sub_title' => '', 'summary' => ' The 11th 'Nepal Africa Film Festival (NAFF)-2023' is set to commence on July 8. The three-day event will witness the participation of 12 nations, showcasing a total of 22 films.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 5: The 11th 'Nepal Africa Film Festival (NAFF)-2023' is set to commence on July 8. The three-day event will witness the participation of 12 nations, showcasing a total of 22 films.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Festival, organized by the College of Journalism and Mass Communications (CJMC) and supported by the Film Development Board and Bilakshan Creation, will serve as a dynamic platform for fostering cultural exchanges between Nepal and Africa, according to Festival and CJMC Director Manju Mishra.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"We try to connect the two different continents by the means of films," she said.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Ten African movies and 12 Nepali films and documentaries will be screened in the event. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to director Dabbu Chhetri, a day-long acting workshop themed 'National and International Market for Short Nepali Movies' has been scheduled during the festival. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The event will be held at local Rastriya Nachghar in Jamal. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-05', 'modified' => '2023-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '18104', 'image' => '20230705062355_collage (71).jpg', 'article_date' => '2023-07-05 18:22:46', '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
