June 14: Although the liquidity has eased in the banks and financial institutions (BFIs), the interest rates will be kept unchanged.…
June 14: Although the liquidity has eased in the banks and financial institutions (BFIs), the interest rates will be kept unchanged.…
June 14: Long and medium-distance vehicles heading outside the Kathmandu Valley will operate their services from Gongabu-based New Bus Park, effective from June…
June 14: Federation of Nepalese Chamber of Commerce and Industry (FNCCI) President Chandra Prasad Dhakal has underscored the need to construct quality infrastructures to promote interregional trade and investment among the BIMSTEC…
June 14: Nepal Airlines Corporation (NAC), the flag carrier of Nepal, has launched commercial flight to and from Bhairahawa-based Gautam Buddha International Airport (GBIA) almost a year after the airport came into…
A total of 6,268 set of weapons that were seized, received, recovered or found stray over various period of time and places were destroyed in accordance with the…
The Eighth Kantipur-HISSAN (Higher Institutions and Secondary Schools' Association Nepal) Education Fair-2023 is scheduled to take place from June 15 at Bhrikuti Mandap Exhibition Hall in…
The Nepal Coffee Entrepreneurs' Federation (NCEF) has announced its plans to organize a national coffee conference and exhibition, 2080.…
The stock market continues to attract investors as the Nepse index keeps climbing. Over the course of the last six consecutive days, the index has witnessed a remarkable growth of 6.1 percent, crossing the significant threshold of 2,000…
June 13: The government is making preparations to classify the vehicles used as taxis into three…
June 23: Civil servants making TikTok videos during office time will face action.…
June 13: The country’s first-ever women entrepreneurs' special industrial village is to be set up in Paanchkhal of Kavrepalanchowk…
June 13: The Weather Forecasting Division has predicted heat wave in the Tarai belt of Nepal for the next five days.…
June 13: The Finance Committee of the House of Representatives is set to seek response from the Securities Board of Nepal (SEBON) on the process of issuing license for a new stock exchange and stock…
June 13: The House of Representatives (HoR) on Monday passed a proposal tabled before the HoR meeting seeking the passage of the Appropriation Bill…
Nepali tyre manufacturer Green Tyre has started producing the 'Delta' brand of tyres for TVS NTORQ…
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' => '18172', 'article_category_id' => '1', 'title' => 'Banks Decide not to Lower Interest Rates in mid-June to mid-July', 'sub_title' => '', 'summary' => 'June 14: Although the liquidity has eased in the banks and financial institutions (BFIs), the interest rates will be kept unchanged. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">June 14: Although the liquidity has eased in the banks and financial institutions (BFIs), the interest rates will be kept unchanged. Nepal Bankers Association (NBA), the umbrella organization of commercial banks, decided to maintain the same interest rate in the month of Asar (mid-June to mid-July) as in the previous month (mid-April to mid-June).</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">After strong opposition to the interest rate, NBA decided to lower the interest rate to single digit in mid-April. Ever since, the maximum interest rate on personal term deposits is 9.99 percent, for institutional depositors is 7.99 percent and for ordinary savings is 5.4 to 7.4 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Earlier, in mid-December, the maximum interest rate of fixed deposits in commercial banks had reached 12.33 percent. With the increase in inflow of remittance, deposits in banks increased and the liquidity crisis eased. This prompted banks to reduce the interest rates. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank (NRB) also reduced the bank rate through the review of monetary policy. Liquidity piled up in banks due to the lack of credit flow compared to the increase in deposits.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data of NRB, the average credit-deposit ratio (CD ratio) of banks dropped to 84.40 percent by Monday. Banks are allowed to give loans by maintaining a CD ratio of up to 90 percent, so they have the ability to provide additional loans of more than Rs 300 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As of Monday, the total deposits in the banking system stood at Rs 5537 billion. This is Rs 3 billion more than the previous day. Although deposits in the banking system have been continuously increasing, credit flow has not increased in the same ratio. As of Monday, the total disbursement of BFIs stood at Rs 4853 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As liquidity in the banking system increased, interbank interest rates also decreased. On Sunday, the average interest rate of interbank transactions was 6.21 percent, but on Monday it decreased to 6.18 percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, the interest rate of treasury bills, the government's short-term bond, is also gradually decreasing. On Monday, the average interest rate of 28-day treasury bills fell to 7.003 percent. Similarly, the average interest rate has been maintained at 8.13 percent for 91-day T-bills, 8.04 percent for 182-day T-bills and 8.14 percent for T-bills with maturity period of 364 days. Last week, the average interest rate of 28-day treasury bills was 7.35 percent, 91-day T-bills was 8.68 percent, 182-day T-bills was 8.71 percent and 364-day T-bills was 8.33 percent. Banks reduced the interest rate and invested in the treasury bills after they were unable to expand credit flow.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17902', 'image' => '20230614025709_Banks - Copy.jpg', 'article_date' => '2023-06-14 14:56:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18171', 'article_category_id' => '1', 'title' => 'Long and Medium-Haul Vehicles to Operate from New Bus Park from June 16', 'sub_title' => '', 'summary' => 'June 14: Long and medium-distance vehicles heading outside the Kathmandu Valley will operate their services from Gongabu-based New Bus Park, effective from June 16.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">June 14: Long and medium-distance vehicles heading outside the Kathmandu Valley will operate their services from Gongabu-based New Bus Park, effective from June 16.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Organizing a press conference in the capital on Tuesday, the Microbus and Jeep Coordination Committee said vehicles, which are being operated from different places of Kathmandu, will now be operated from the New Bus Park.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The committee Coordinator Rajendra Acharya said that they have decided to operate jeeps and microbuses from the New Bus Park in accordance with the decision of the Kathmandu Metropolitan City (KMC). The KMC had on June 2 urged the stakeholders to operate all kinds of vehicles traveling outside the Kathmandu Valley from the New Bus Park.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We are ready to implement the decision of the local government. The KMC should strictly ask all bodies concerned to implement the decision. We are ready to support KMC," Acharya said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Long-haul transportation services, especially those involving microbuses and jeeps, are currently in operation by setting up counters at different places including Sundhara, Balkhu, Kalanki, Balaju, Machhapokhari, Gongabu and Koteshwar.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Acharya urged passengers to get tickets from the counters located at the bus park. He also requested the KMC to make arrangements for 'pick-up and drop' for a certain period of time in the previous places for the convenience of the passengers while operating the microbus and jeep services from the New Bus Park. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prior to this, the government had implemented similar rules for night buses in late December.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the decision, all night buses leaving the Kathmandu Valley with passengers for their destinations have get off from the New Bus Park in Gongabu and should also be parked at the bus park. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Senior Superintendent of Police Rajendra Prasad Bhatta, the move is aimed at reducing road accidents and traffic jams. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The parking lot at the New Bus Park has the capacity of parking more than 2,000 vehicles at a time. The Bus Park which spans across 161 ropanis of land was constructed in 2056 BS under the public private partnership. Passenger buses leave the Bus Park for more than 60 districts. -- RSS</span></span></p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17901', 'image' => '20230614014219_20221222061246_Transport.jpg', 'article_date' => '2023-06-14 13:41:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18170', 'article_category_id' => '1', 'title' => 'Connectivity a Must to Expand Interregional Trade: FNCCI President Dhakal ', 'sub_title' => '', 'summary' => 'June 14: Federation of Nepalese Chamber of Commerce and Industry (FNCCI) President Chandra Prasad Dhakal has underscored the need to construct quality infrastructures to promote interregional trade and investment among the BIMSTEC nations. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 14: Federation of Nepalese Chamber of Commerce and Industry (FNCCI) President Chandra Prasad Dhakal has underscored the need to construct quality infrastructures to promote interregional trade and investment among the BIMSTEC nations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dhakal said so while addressing a special session on 'International Trade Forum: Opportunities and Barriers' under the BIMSTEC Business Conclave that kicked off in Kolkata, India on Tuesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a press statement issued by the FNCCI on Tuesday, Dhakal emphasized good road connectivity, waterways and railway connectivity among the BIMSTEC member nations to augment interregional and intra-regional trade and investment in the regional forum of seven nations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Bay of Bengal Initiatives for Multi-Sectoral Technical and Economic Cooperation (BIMSTC) has Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand as its member nations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dhakal also spoke of the need to increase joint investment from the BIMSTEC member nations to enhance air connectivity as well as digital connectivity, improve infrastructures network and build new physical infrastructures, added the statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that it was necessary to increase physical infrastructures such as road and ports for easy transportation, he said that the BIMSTEC nations could make joint efforts for the development and up-gradation of infrastructures to support the development of the regional value chain. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, development of infrastructures related to power production, power trade and promotion of cross-border energy cooperation could support the development of industries needing excessive energy in regional value chain. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"For instance, Nepal, Bangladesh and India are working in the transmission lines to export surplus energy from Nepal to Bangladesh via India. Likewise, surplus energy could be exported to other BIMSTEC member countries and beyond," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also pointed out the need for the BIMSTEC to consider removing and reducing various non-tariff barriers on trade so as to ease off investment and trade in the BIMSTEC region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also called for the BIMSTEC countries to implement necessary policy and procedural changes in investment policy, trade policy, custom process among others to create enabling environment for regional value chain and promote intra-regional trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The liberal trade policy adopted by the BIMSTEC countries would further facilitate bilateral and multilateral trade among the member nations. Nepal could reap benefit from exemption or reduction of taxes on its exports thereby increasing trade volume and diversifying exports," he viewed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He opined that the regional connectivity and trade agreement would attract more Foreign Direct Investments. He also proposed to establish BIMSTEC Business Forum to promote interregional trade and investment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The BIMSTEC Business Conclave 2023 is organized by the Indian Chamber of Commerce supported by the Ministry of External Affairs. It is a three-day event that commemorates 25 years of establishment of the BIMSTEC. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17900', 'image' => '20230614120536_20230416030406_Chandra-Dhakal.jpg', 'article_date' => '2023-06-14 12:04:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18169', 'article_category_id' => '1', 'title' => 'NAC Launches Commercial Flights to and from Gautam Buddha Int’l Airport', 'sub_title' => '', 'summary' => 'June 14: Nepal Airlines Corporation (NAC), the flag carrier of Nepal, has launched commercial flight to and from Bhairahawa-based Gautam Buddha International Airport (GBIA) almost a year after the airport came into operation.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 14: Nepal Airlines Corporation (NAC), the flag carrier of Nepal, has launched commercial flight to and from Bhairahawa-based Gautam Buddha International Airport (GBIA) almost a year after the airport came into operation.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NAC’s 158-seater aircraft landed at the airport at 9:45 am on Tuesday carrying 90 passengers from Malaysia. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Joint-Spokesperson for the Nepal Airlines Corporation, Ganesh Kumar Ghimire, said the aircraft took off for Kathmandu after dropping off 31 passengers at the airport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Culture, Tourism and Civil Aviation, Sudan Kirati, and Minister of State for Tourism, Sushila Sirpali, were there to welcome the passengers in Bhairahawa as it was the first commercial flight of NAC to the airport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Inaugurating the NAC’s commercial flight at the airport, Minister Kirati said it was challenging to give continuity to commercial flights in Bhairahawa. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said efforts from the both the government and the private sector were necessary for the continuation of the service. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Kirati asked authorities concerned to lay emphasis on publicity for effective operation and marketing of Nepal Airlines in the coming days. He mentioned that efforts were underway to operate flights to other destinations including New Delhi from GBIA. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Tourism Minister further said it was necessary to buy new aircraft to operate the NAC in a fully commercial manner and to provide air service to people of remote areas. He added that the government was in a process to purchase aircraft in a transparent manner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Minister of State Sirpali said the government has given top priority to the need of regular operation of airport as it was constructed with the aim of promoting the identity and heritage of Lumbini Province globally. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that questions were raised from many quarters about irregular operation of flights, she said that the main reason behind irregular flights was political instability. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, former Minister and federal lawmaker from Rupandehi-3, Deepak Bohora advised the government to make a policy that every companies operating international flights from Tribhuvan International Airport has to operate one flight each at Bhairahawa. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The then Prime Minister Sher Bahadur Deuba had inaugurated the airport on May 16, 2022. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17899', 'image' => '20230614110827_RB_Bhairahawa-IMG_2949.jpg', 'article_date' => '2023-06-14 11:07:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18168', 'article_category_id' => '1', 'title' => 'Over 6,000 Seized Weapons Destroyed in Kathmandu', 'sub_title' => '', 'summary' => 'A total of 6,268 set of weapons that were seized, received, recovered or found stray over various period of time and places were destroyed in accordance with the law.', 'content' => '<p><span style="font-size:18px">June 14: A total of 6,268 set of weapons that were seized, received, recovered or found stray over various period of time and places were destroyed in accordance with the law.</span></p> <p><span style="font-size:18px">Among the destroyed weapons were 6,189 set of countryside gun and 64 set of pistols. Names of 13 weapons would not be ascertained, according to the Nepal Police. </span></p> <p><span style="font-size:18px">The weapons were destroyed by Nepal Police Special Taskforce in Kapan in the witness of Additional Inspector General (AIG) of the Nepal Police, representatives of the Ministry of Home Affairs, District Administration Office, Kathmandu among other concerned authorities, said Spokesperson of the Nepal Police Kuber Kadayat. </span></p> <p><span style="font-size:18px">The weapons were destroyed as per the directives to manage arms and ammunition as well as explosive materials. A technical team led by AIG Meera Chaudhary after conducting studies of the seized weapons had decided to recommend destroying such weapons in line with the prevailing law. (RSS) </span></p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17898', 'image' => '20230614061052_collage (22).jpg', 'article_date' => '2023-06-14 06:09:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18167', 'article_category_id' => '1', 'title' => 'Eighth Kantipur-HISSAN Education Fair to Kick off on June 15', 'sub_title' => '', 'summary' => 'The Eighth Kantipur-HISSAN (Higher Institutions and Secondary Schools' Association Nepal) Education Fair-2023 is scheduled to take place from June 15 at Bhrikuti Mandap Exhibition Hall in Kathmandu.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 14: The Eighth Kantipur-HISSAN (Higher Institutions and Secondary Schools' Association Nepal) Education Fair-2023 is scheduled to take place from June 15 at Bhrikuti Mandap Exhibition Hall in Kathmandu. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">With its inspiring motto "Excellent Education in Nepal," this four-day fair aims to inform and guide students who have recently completed their higher secondary exams and are eagerly awaiting their results.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The fair serves as a comprehensive platform, offering invaluable information about various educational institutions and a wide range of courses. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As an increasing number of students are drawn towards pursuing higher education abroad, this event showcases the best colleges and educational opportunities available within the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Tanka Raj Acharya, the fair coordinator, emphasized the festival's significance in providing easy access to essential information about courses and colleges at home.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As many as 75 esteemed educational institutions from across the nation, affiliated with universities such as Kathmandu University, Pokhara University, Purbanchal University, Mid-West University, and the Council for Technical Education and Vocational Training, are participating in the fair. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The fair organizers anticipate arrivals of over 200,000 visitors, including eager students, parents, and education enthusiasts.</span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">To make this event even more accessible, the fair management has decided to waive entry fees, ensuring that everyone can benefit from this unparalleled educational experience. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Moreover, scholarships, both full and partial, have been thoughtfully arranged for more than 1,000 deserving students, further emphasizing the fair's commitment to making quality education more accessible to all.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17897', 'image' => '20230614055408_collage (21).jpg', 'article_date' => '2023-06-14 05:51:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18166', 'article_category_id' => '1', 'title' => 'National Coffee Conference and Exhibition-2080 on June 17-20', 'sub_title' => '', 'summary' => 'The Nepal Coffee Entrepreneurs' Federation (NCEF) has announced its plans to organize a national coffee conference and exhibition, 2080. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 13: The Nepal Coffee Entrepreneurs' Federation (NCEF) has announced its plans to organize a national coffee conference and exhibition, 2080. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The event, in collaboration with the Ministry of Industry, Commerce and Supplies, Ministry of Agriculture and Livestock, and the National Tea and Coffee Development Board, will be held in the federal capital, Kathmandu, from June 17 to 20.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">During a press conference held in Kathmandu on Monday, the NCEF unveiled its intentions to promote both domestic and foreign markets for coffee produced in Nepal through this grand event. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The exhibition, showcasing a wide range of coffee products, is expected to play a pivotal role in the growth and development of the coffee industry.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The conference will serve as a platform for national and international experts to engage in discussions about national policies and laws that contribute to the promotion of coffee. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The gathering will witness the participation of coffee producers, promoters, entrepreneurs, implement producers, and exporters, fostering fruitful interactions and networking opportunities. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, the conference will host competitions in various coffee-related categories, with winners being recognized and awarded for their outstanding contributions.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17896', 'image' => '20230613051237_collage (26).jpg', 'article_date' => '2023-06-13 17:11:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18165', 'article_category_id' => '1', 'title' => 'NEPSE Index Surpasses 2,000 Points; Turnover Exceeds Rs 4 Billion', 'sub_title' => '', 'summary' => 'The stock market continues to attract investors as the Nepse index keeps climbing. Over the course of the last six consecutive days, the index has witnessed a remarkable growth of 6.1 percent, crossing the significant threshold of 2,000 points.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 13: The stock market continues to attract investors as the Nepse index keeps climbing. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Over the course of the last six consecutive days, the index has witnessed a remarkable growth of 6.1 percent, crossing the significant threshold of 2,000 points.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Nepal Bankers' Association (NBA) has decided to maintain a stable interest rate on deposits for the month of Asar. As the base rate declines, it is expected that loan interest rates will follow suit. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">This encouraging development has further fueled investors' enthusiasm in the stock market, resulting in a surge in both turnover amount and the benchmark index.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Seasoned investors and experts suggest that the bearish trend, which persisted for nearly 22 months, has finally come to an end. They advise investors to carefully analyze the fundamental aspects of companies before making investment decisions.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The NEPSE index closed at 2,020.64, recording a gain of 34.17 points, or 1.72%, compared to the previous trading day. A total of 270 scrips were traded through 70,759 transactions, with a substantial turnover amount of Rs 4.12 Arba. This marks a significant increase from the previous day's turnover of Rs 2.88 Arba and represents the highest turnover in nearly 5 months.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The stock with the highest trading volume and turnover was SHIVAM CEMENTS LTD (SHIVM), with a turnover of Rs 27.66 crores and a closing market price of Rs 506.50 per share. Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) experienced the highest gain of 10% and hit the positive circuit for the day. Conversely, Prabhu Smart Fund (PRSF) incurred the highest loss of 3.93% during today's trading session.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">All sector indices closed in the green zone, with the "Manufacturing and Processing" sector witnessing the highest gain of 4.32%, while the "Banking" sector observed the least gain of 0.61%.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The sensitive index registered a growth of 1.75%, the Float index increased by 1.71%, and the Sensitive Float Index climbed by 1.89%.</span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17895', 'image' => '20230613043401_collage (25).jpg', 'article_date' => '2023-06-13 16:32:40', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18164', 'article_category_id' => '1', 'title' => 'DoTM Proposes Classifying Taxis into Three Categories, Fares to go up 100 Percent', 'sub_title' => '', 'summary' => 'June 13: The government is making preparations to classify the vehicles used as taxis into three categories.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 13: The government is making preparations to classify the vehicles used as taxis into three categories.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Department of Transport Management (DoTM) has issued a draft of the 'Standards for Vehicles Used as Taxis, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">' to classify taxis. The department has requested one and all to send advice, suggestions and feedbacks through email and Facebook page regarding the draft by June 19.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the draft, taxis will now be classified into three categories: ordinary, deluxe and luxury cabs. The department is preparing to classify the taxis according to their size, capacity and available facilities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">An ordinary taxi should have a minimum engine capacity of eight hundred cc or more. In case of an electric vehicle, the minimum ratio between the energy stored in the battery (kilowatt hours) and the total weight of the vehicle (kg) should be 0.012</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Such taxis should have at least sound system (speaker) in the front and back of the vehicle for entertainment.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A deluxe taxi should have a minimum engine capacity of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,200</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc or more. In case of an electric vehicle, the minimum ratio between the energy stored in the battery (kilowatt hours) and the total weight of the vehicle (kg) should be 0.019</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It has been proposed that such taxis should have a sound system (speaker), at least one display with a touch screen, a window that opens and closes with an electric switch, an automatic air conditioning system, and a rear reading lamp.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the draft, luxury taxis should have a minimum engine capacity of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc or more. In case of electric vehicles, the minimum ratio between the energy stored in the battery (kilowatt hours) and the total weight of the vehicle (kg) should be 0.025</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This class of taxis should have a sound system (speaker) in front of the vehicle for entertainment, a display with at least two "touch screens" for the back row of the vehicle, windows that can be opened and closed by an electric switch, and automatic environment control with air quality control. Also, WiFi internet facility, 'head rest', 'cup holder', 'reading lamp', 'DC or AC power outlet for charging mobiles and electronic equipment' should be available for the front and back of the taxi.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The classified taxis must have vehicle markings to show the class. An ordinary taxi should have an 'O' mark on the upper corner of the front window towards the driver’s seat, on the rear right and left door glass and on the right side corner of the rear window. In the same way, deluxe taxis should have the mark 'D' and 'L' for luxury taxis. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Also, taxis should have lights on the roof. According to the draft, the light should be green when the taxi is empty, red when the vehicle is occupied, and white when the vehicle is not in service or off duty. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Also, every taxi will have to install a digital fare meter with a printer and a GPS navigation system with a display.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The department has also proposed fares according to the classification of the taxis. In case of an ordinary taxi, the fare rate set by the government of Nepal will remain the same, while the fare of deluxe taxis will be </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent higher than the ordinary ones. In addition, the department has proposed a hundred percent or double the fare for luxury taxis than the fare of ordinary taxis.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17894', 'image' => '20230613021440_1686639548.Taxi.jpg', 'article_date' => '2023-06-13 14:14:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18163', 'article_category_id' => '1', 'title' => 'Government Employees Banned from Making TikTok Video during Office Hours ', 'sub_title' => '', 'summary' => 'June 23: Civil servants making TikTok videos during office time will face action. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 23: Civil servants making TikTok videos during office time will face action. The Ministry of Federal Affairs and General Administration issued a notice on Monday warning of action if any civil servant is found making TikTok videos during office hours.</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"">Making TikTok videos in prescribed dress code, using office vehicles and within the premises of the respective office has been banned, said joint secretary and spokesperson for the ministry Kamal Prasad Bhattarai. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have also directed government employees not to make TikTok video even about activities related to office work. Or else, disobedient employees will face punishment for not maintaining discipline and violating such rule," he said. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The initiative follows complaints about government employees doing 'indecent activities' in TikTok lately, according to the ministry. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17893', 'image' => '20230613021341_min.jpg', 'article_date' => '2023-06-13 14:12:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18162', 'article_category_id' => '1', 'title' => 'First-ever Women Entrepreneurs' Industrial Village to be Set up in Panchkhal ', 'sub_title' => '', 'summary' => 'June 13: The country’s first-ever women entrepreneurs' special industrial village is to be set up in Paanchkhal of Kavrepalanchowk district.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 13: The country’s first-ever women entrepreneurs' special industrial village is to be set up in Paanchkhal of Kavrepalanchowk district. The proposed industrial village aims to develop entrepreneurship among women institutionally and is going to be established in public private partnership model. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Such industrial villages is expected to contribute to job creation by operating micro, cottage, small and medium scale enterprises through optimization of local resources, raw materials and technology. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The South Asian Forum for Women Development is going to collaborate with the Ministry of Industry, Commerce and Supplies and Panchkhal Municipality towards that end. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A cabinet meeting held on June 7 had decided to convert the existing industrial village in Panchkhal Municipality into a special industrial village for women entrepreneurs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Organising a press conference on Monday, the forum's President Pramila Acharya remarked that the establishment of the industrial park was a positive development for women entrepreneurs and for green economy and spoke of the need to roll out Green Industry Park Act to expand such natural parks in the other six provinces. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">She also pressed for prompt implementation of such projects and programmes so as to create enabling environment for women entrepreneurs running small and medium scale enterprises. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Acharya also pointed out the need for the state to increase women's role in national economy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The proposed Industrial village will be the first in the country and second in South Asia, it was shared during the press meet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A total of 50 small scale industries related to agricultural production and tourism-centred services would be established in the industrial village. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17892', 'image' => '20230613020926_industrial village.jpg', 'article_date' => '2023-06-13 14:08:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18160', 'article_category_id' => '1', 'title' => 'Heat Wave to Continue in Tarai for Next Five Days', 'sub_title' => 'Temperature to Rise Across the Nation ', 'summary' => 'June 13: The Weather Forecasting Division has predicted heat wave in the Tarai belt of Nepal for the next five days. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 13: The Weather Forecasting Division has predicted heat wave in the Tarai belt of Nepal for the next five days. The division has urged the people to adopt preventive measures to save themselves from the heat wave. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a special bulletin, the division mentioned that current status and analysis of temperature show most of the parts in Tarai region will see gradual rise on both maximum and minimum temperatures. So, necessary precaution is essential, it added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The heat wave is called 'loo' when the temperature rises above 40 degrees Celsius. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, even the hill area and valleys will see rise in temperature. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Weather Forecasting Division appealed to all to stay updated on the information and notices it issues periodically on the latest weather events. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Most of the places in country have seen rise in both maximum and minimum temperatures for some days. The Tarai belt recorded temperature of more than 40 degrees Centigrade. The division warned that the heat wave can cause fatigue, weakness, thirst, headache, muscle cramp, dizziness, muscle pain and vomiting. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It has further suggested the people to stay indoors, in cool places, wear cotton clothes, cover head while walking outside, and increase juice and water intake to avoid the effects of heat wave. In case of health problems, consultation with health workers and medical persons has been suggested. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Currently, Nepal is undergoing through a partial effect of the Westerly wind and of low pressure system of Bihar, India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, light to moderate rainfall has been predicted in some places of Koshi, Madhes and Bagmati provinces. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The minimum temperature in the Kathmandu Valley has been recorded at 18.8 degrees Celsius while the maximum temperature was 29 degrees Celsius. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17890', 'image' => '20230613125109_20230608120737_Untitled.jpg', 'article_date' => '2023-06-13 12:50:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18159', 'article_category_id' => '1', 'title' => 'Parliamentary Committee to Seek Response from SEBON on Issuance of Stock Exchange License', 'sub_title' => '', 'summary' => 'June 13: The Finance Committee of the House of Representatives is set to seek response from the Securities Board of Nepal (SEBON) on the process of issuing license for a new stock exchange and stock brokers. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 13: The Finance Committee of the House of Representatives is set to seek response from the Securities Board of Nepal (SEBON) on the process of issuing license for a new stock exchange and stock brokers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Finance Committee on Monday decided to call the officials of SEBON for a deliberation on the issue and seek its response, said Santosh Chalise, who chairs the committee as the senior-most member. The process of issuing a license for a new stock exchange has been now been halted following the government's direction. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The subcommittee under the Finance Committee has submitted a report after carrying out a study on the stock market. It has been decided to call the SEBON to discuss the matter of issuing license for a new stock exchange and brokers and its implementation," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier on May 21, the Finance Committee wrote to the SEBON seeking details of the process for issuing license for a new stock exchange and stock brokerage firms, and the situation of the implementation of the suggestion report prepared by the committee. Following this, the SEBON responded to the committee on May 26. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During Monday’s meeting, lawmakers put their view of calling the SEBON for its response. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the SEBON was issuing license for additional stock brokers against a written instruction from the committee, Padam Giri demanded investigations into the matter.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Recommendation by the subcommittee under the Finance Committee about issuing license for a new stock exchange has not been followed. License for stock brokers has been issued the same day after the committee wrote to the SEBON. Question about transparency in the issuance of license has been raised," he said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17889', 'image' => '20230613113254_Sebon-update.jpg', 'article_date' => '2023-06-13 11:32:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18158', 'article_category_id' => '1', 'title' => 'HoR Passes Appropriation Bill ', 'sub_title' => '', 'summary' => 'June 13: The House of Representatives (HoR) on Monday passed a proposal tabled before the HoR meeting seeking the passage of the Appropriation Bill 2080. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 13: The House of Representatives (HoR) on Monday passed a proposal tabled before the HoR meeting seeking the passage of the Appropriation Bill 2080. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Finance Dr Prakash Sharan Mahat had tabled the motion in the meeting of the HoR. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Following HoR approval of the motion, HoR Speaker Devraj Ghimire informed the House that the ministry-wise discussions on the annual budget shall continue from June 15 to 27. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, Minister for Finance Dr Mahat responded to the concerns raised by the HoR members on the upcoming year's budget and said that the budget was formulated to uplift the living standards of the citizens, create employment and promote industrial environment in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said that the budget has been allocated in health care, education, infrastructure development and to maintain law and order as well as good-governance. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dr Mahat also made it clear that the budget has been allocated for health insurance scheme, treatment of chronic patients and backward region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The finance minister was of the view that the budget is focused on increasing production and economic growth of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, taking part on the discussions on the bill, UML lawmaker Gokarna Bista argued that the budget has no clear pronouncement to those economically underprivileged and vulnerable communities. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">MP Santosh Pariyar pointed out that the budget was weak in maintaining intergovernmental coordination. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bishwa Prakash Sharma, Ranju Kumari Jha and Ambar Bahadur Thapa said that the budget should focus on its implementation part. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The next meeting of the HoR has been scheduled for 11:00 am on June 15. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17888', 'image' => '20230613110416_Parliament RSS 800.jpg', 'article_date' => '2023-06-13 11:03:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18157', 'article_category_id' => '1', 'title' => 'Green Tyre Launches Production of 'Delta' Brand Tyres for TVS NTORQ Scooters', 'sub_title' => '', 'summary' => 'Nepali tyre manufacturer Green Tyre has started producing the 'Delta' brand of tyres for TVS NTORQ scooters. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">June 13: Nepali tyre manufacturer Green Tyre has started producing the 'Delta' brand of tyres for TVS NTORQ scooters. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The company claims that the 100-80-12 Dyaas and 110-80-12 Dyaas sizes of these tyres are of high quality and cost-effective. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The design of these tires has been specifically engineered to suit the rough conditions of Nepali roads, offering dry and wet grip as well as easy maneuverability on off-road terrain.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The company also mentions that these tyres reduce fuel consumption due to their low rolling resistance. Bikas Singhania, the company's manager, stated that the increasing number of TVS NTORQ scooter users in the Nepali market has led the company to focus on tyre production for these scooters. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Currently, the company produces 2,50,000 units of tyres annually. It employs 120 workers.</span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17887', 'image' => '20230613061026_collage (19).jpg', 'article_date' => '2023-06-13 06:08:50', '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' => '18172', 'article_category_id' => '1', 'title' => 'Banks Decide not to Lower Interest Rates in mid-June to mid-July', 'sub_title' => '', 'summary' => 'June 14: Although the liquidity has eased in the banks and financial institutions (BFIs), the interest rates will be kept unchanged. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">June 14: Although the liquidity has eased in the banks and financial institutions (BFIs), the interest rates will be kept unchanged. Nepal Bankers Association (NBA), the umbrella organization of commercial banks, decided to maintain the same interest rate in the month of Asar (mid-June to mid-July) as in the previous month (mid-April to mid-June).</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">After strong opposition to the interest rate, NBA decided to lower the interest rate to single digit in mid-April. Ever since, the maximum interest rate on personal term deposits is 9.99 percent, for institutional depositors is 7.99 percent and for ordinary savings is 5.4 to 7.4 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Earlier, in mid-December, the maximum interest rate of fixed deposits in commercial banks had reached 12.33 percent. With the increase in inflow of remittance, deposits in banks increased and the liquidity crisis eased. This prompted banks to reduce the interest rates. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank (NRB) also reduced the bank rate through the review of monetary policy. Liquidity piled up in banks due to the lack of credit flow compared to the increase in deposits.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data of NRB, the average credit-deposit ratio (CD ratio) of banks dropped to 84.40 percent by Monday. Banks are allowed to give loans by maintaining a CD ratio of up to 90 percent, so they have the ability to provide additional loans of more than Rs 300 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As of Monday, the total deposits in the banking system stood at Rs 5537 billion. This is Rs 3 billion more than the previous day. Although deposits in the banking system have been continuously increasing, credit flow has not increased in the same ratio. As of Monday, the total disbursement of BFIs stood at Rs 4853 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As liquidity in the banking system increased, interbank interest rates also decreased. On Sunday, the average interest rate of interbank transactions was 6.21 percent, but on Monday it decreased to 6.18 percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, the interest rate of treasury bills, the government's short-term bond, is also gradually decreasing. On Monday, the average interest rate of 28-day treasury bills fell to 7.003 percent. Similarly, the average interest rate has been maintained at 8.13 percent for 91-day T-bills, 8.04 percent for 182-day T-bills and 8.14 percent for T-bills with maturity period of 364 days. Last week, the average interest rate of 28-day treasury bills was 7.35 percent, 91-day T-bills was 8.68 percent, 182-day T-bills was 8.71 percent and 364-day T-bills was 8.33 percent. Banks reduced the interest rate and invested in the treasury bills after they were unable to expand credit flow.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17902', 'image' => '20230614025709_Banks - Copy.jpg', 'article_date' => '2023-06-14 14:56:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18171', 'article_category_id' => '1', 'title' => 'Long and Medium-Haul Vehicles to Operate from New Bus Park from June 16', 'sub_title' => '', 'summary' => 'June 14: Long and medium-distance vehicles heading outside the Kathmandu Valley will operate their services from Gongabu-based New Bus Park, effective from June 16.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">June 14: Long and medium-distance vehicles heading outside the Kathmandu Valley will operate their services from Gongabu-based New Bus Park, effective from June 16.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Organizing a press conference in the capital on Tuesday, the Microbus and Jeep Coordination Committee said vehicles, which are being operated from different places of Kathmandu, will now be operated from the New Bus Park.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The committee Coordinator Rajendra Acharya said that they have decided to operate jeeps and microbuses from the New Bus Park in accordance with the decision of the Kathmandu Metropolitan City (KMC). The KMC had on June 2 urged the stakeholders to operate all kinds of vehicles traveling outside the Kathmandu Valley from the New Bus Park.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We are ready to implement the decision of the local government. The KMC should strictly ask all bodies concerned to implement the decision. We are ready to support KMC," Acharya said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Long-haul transportation services, especially those involving microbuses and jeeps, are currently in operation by setting up counters at different places including Sundhara, Balkhu, Kalanki, Balaju, Machhapokhari, Gongabu and Koteshwar.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Acharya urged passengers to get tickets from the counters located at the bus park. He also requested the KMC to make arrangements for 'pick-up and drop' for a certain period of time in the previous places for the convenience of the passengers while operating the microbus and jeep services from the New Bus Park. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prior to this, the government had implemented similar rules for night buses in late December.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the decision, all night buses leaving the Kathmandu Valley with passengers for their destinations have get off from the New Bus Park in Gongabu and should also be parked at the bus park. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Senior Superintendent of Police Rajendra Prasad Bhatta, the move is aimed at reducing road accidents and traffic jams. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The parking lot at the New Bus Park has the capacity of parking more than 2,000 vehicles at a time. The Bus Park which spans across 161 ropanis of land was constructed in 2056 BS under the public private partnership. Passenger buses leave the Bus Park for more than 60 districts. -- RSS</span></span></p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17901', 'image' => '20230614014219_20221222061246_Transport.jpg', 'article_date' => '2023-06-14 13:41:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18170', 'article_category_id' => '1', 'title' => 'Connectivity a Must to Expand Interregional Trade: FNCCI President Dhakal ', 'sub_title' => '', 'summary' => 'June 14: Federation of Nepalese Chamber of Commerce and Industry (FNCCI) President Chandra Prasad Dhakal has underscored the need to construct quality infrastructures to promote interregional trade and investment among the BIMSTEC nations. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 14: Federation of Nepalese Chamber of Commerce and Industry (FNCCI) President Chandra Prasad Dhakal has underscored the need to construct quality infrastructures to promote interregional trade and investment among the BIMSTEC nations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dhakal said so while addressing a special session on 'International Trade Forum: Opportunities and Barriers' under the BIMSTEC Business Conclave that kicked off in Kolkata, India on Tuesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a press statement issued by the FNCCI on Tuesday, Dhakal emphasized good road connectivity, waterways and railway connectivity among the BIMSTEC member nations to augment interregional and intra-regional trade and investment in the regional forum of seven nations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Bay of Bengal Initiatives for Multi-Sectoral Technical and Economic Cooperation (BIMSTC) has Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand as its member nations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dhakal also spoke of the need to increase joint investment from the BIMSTEC member nations to enhance air connectivity as well as digital connectivity, improve infrastructures network and build new physical infrastructures, added the statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that it was necessary to increase physical infrastructures such as road and ports for easy transportation, he said that the BIMSTEC nations could make joint efforts for the development and up-gradation of infrastructures to support the development of the regional value chain. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, development of infrastructures related to power production, power trade and promotion of cross-border energy cooperation could support the development of industries needing excessive energy in regional value chain. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"For instance, Nepal, Bangladesh and India are working in the transmission lines to export surplus energy from Nepal to Bangladesh via India. Likewise, surplus energy could be exported to other BIMSTEC member countries and beyond," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also pointed out the need for the BIMSTEC to consider removing and reducing various non-tariff barriers on trade so as to ease off investment and trade in the BIMSTEC region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also called for the BIMSTEC countries to implement necessary policy and procedural changes in investment policy, trade policy, custom process among others to create enabling environment for regional value chain and promote intra-regional trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The liberal trade policy adopted by the BIMSTEC countries would further facilitate bilateral and multilateral trade among the member nations. Nepal could reap benefit from exemption or reduction of taxes on its exports thereby increasing trade volume and diversifying exports," he viewed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He opined that the regional connectivity and trade agreement would attract more Foreign Direct Investments. He also proposed to establish BIMSTEC Business Forum to promote interregional trade and investment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The BIMSTEC Business Conclave 2023 is organized by the Indian Chamber of Commerce supported by the Ministry of External Affairs. It is a three-day event that commemorates 25 years of establishment of the BIMSTEC. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17900', 'image' => '20230614120536_20230416030406_Chandra-Dhakal.jpg', 'article_date' => '2023-06-14 12:04:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18169', 'article_category_id' => '1', 'title' => 'NAC Launches Commercial Flights to and from Gautam Buddha Int’l Airport', 'sub_title' => '', 'summary' => 'June 14: Nepal Airlines Corporation (NAC), the flag carrier of Nepal, has launched commercial flight to and from Bhairahawa-based Gautam Buddha International Airport (GBIA) almost a year after the airport came into operation.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 14: Nepal Airlines Corporation (NAC), the flag carrier of Nepal, has launched commercial flight to and from Bhairahawa-based Gautam Buddha International Airport (GBIA) almost a year after the airport came into operation.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NAC’s 158-seater aircraft landed at the airport at 9:45 am on Tuesday carrying 90 passengers from Malaysia. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Joint-Spokesperson for the Nepal Airlines Corporation, Ganesh Kumar Ghimire, said the aircraft took off for Kathmandu after dropping off 31 passengers at the airport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Culture, Tourism and Civil Aviation, Sudan Kirati, and Minister of State for Tourism, Sushila Sirpali, were there to welcome the passengers in Bhairahawa as it was the first commercial flight of NAC to the airport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Inaugurating the NAC’s commercial flight at the airport, Minister Kirati said it was challenging to give continuity to commercial flights in Bhairahawa. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said efforts from the both the government and the private sector were necessary for the continuation of the service. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Kirati asked authorities concerned to lay emphasis on publicity for effective operation and marketing of Nepal Airlines in the coming days. He mentioned that efforts were underway to operate flights to other destinations including New Delhi from GBIA. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Tourism Minister further said it was necessary to buy new aircraft to operate the NAC in a fully commercial manner and to provide air service to people of remote areas. He added that the government was in a process to purchase aircraft in a transparent manner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Minister of State Sirpali said the government has given top priority to the need of regular operation of airport as it was constructed with the aim of promoting the identity and heritage of Lumbini Province globally. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that questions were raised from many quarters about irregular operation of flights, she said that the main reason behind irregular flights was political instability. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, former Minister and federal lawmaker from Rupandehi-3, Deepak Bohora advised the government to make a policy that every companies operating international flights from Tribhuvan International Airport has to operate one flight each at Bhairahawa. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The then Prime Minister Sher Bahadur Deuba had inaugurated the airport on May 16, 2022. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17899', 'image' => '20230614110827_RB_Bhairahawa-IMG_2949.jpg', 'article_date' => '2023-06-14 11:07:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18168', 'article_category_id' => '1', 'title' => 'Over 6,000 Seized Weapons Destroyed in Kathmandu', 'sub_title' => '', 'summary' => 'A total of 6,268 set of weapons that were seized, received, recovered or found stray over various period of time and places were destroyed in accordance with the law.', 'content' => '<p><span style="font-size:18px">June 14: A total of 6,268 set of weapons that were seized, received, recovered or found stray over various period of time and places were destroyed in accordance with the law.</span></p> <p><span style="font-size:18px">Among the destroyed weapons were 6,189 set of countryside gun and 64 set of pistols. Names of 13 weapons would not be ascertained, according to the Nepal Police. </span></p> <p><span style="font-size:18px">The weapons were destroyed by Nepal Police Special Taskforce in Kapan in the witness of Additional Inspector General (AIG) of the Nepal Police, representatives of the Ministry of Home Affairs, District Administration Office, Kathmandu among other concerned authorities, said Spokesperson of the Nepal Police Kuber Kadayat. </span></p> <p><span style="font-size:18px">The weapons were destroyed as per the directives to manage arms and ammunition as well as explosive materials. A technical team led by AIG Meera Chaudhary after conducting studies of the seized weapons had decided to recommend destroying such weapons in line with the prevailing law. (RSS) </span></p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17898', 'image' => '20230614061052_collage (22).jpg', 'article_date' => '2023-06-14 06:09:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18167', 'article_category_id' => '1', 'title' => 'Eighth Kantipur-HISSAN Education Fair to Kick off on June 15', 'sub_title' => '', 'summary' => 'The Eighth Kantipur-HISSAN (Higher Institutions and Secondary Schools' Association Nepal) Education Fair-2023 is scheduled to take place from June 15 at Bhrikuti Mandap Exhibition Hall in Kathmandu.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 14: The Eighth Kantipur-HISSAN (Higher Institutions and Secondary Schools' Association Nepal) Education Fair-2023 is scheduled to take place from June 15 at Bhrikuti Mandap Exhibition Hall in Kathmandu. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">With its inspiring motto "Excellent Education in Nepal," this four-day fair aims to inform and guide students who have recently completed their higher secondary exams and are eagerly awaiting their results.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The fair serves as a comprehensive platform, offering invaluable information about various educational institutions and a wide range of courses. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As an increasing number of students are drawn towards pursuing higher education abroad, this event showcases the best colleges and educational opportunities available within the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Tanka Raj Acharya, the fair coordinator, emphasized the festival's significance in providing easy access to essential information about courses and colleges at home.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As many as 75 esteemed educational institutions from across the nation, affiliated with universities such as Kathmandu University, Pokhara University, Purbanchal University, Mid-West University, and the Council for Technical Education and Vocational Training, are participating in the fair. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The fair organizers anticipate arrivals of over 200,000 visitors, including eager students, parents, and education enthusiasts.</span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">To make this event even more accessible, the fair management has decided to waive entry fees, ensuring that everyone can benefit from this unparalleled educational experience. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Moreover, scholarships, both full and partial, have been thoughtfully arranged for more than 1,000 deserving students, further emphasizing the fair's commitment to making quality education more accessible to all.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17897', 'image' => '20230614055408_collage (21).jpg', 'article_date' => '2023-06-14 05:51:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18166', 'article_category_id' => '1', 'title' => 'National Coffee Conference and Exhibition-2080 on June 17-20', 'sub_title' => '', 'summary' => 'The Nepal Coffee Entrepreneurs' Federation (NCEF) has announced its plans to organize a national coffee conference and exhibition, 2080. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 13: The Nepal Coffee Entrepreneurs' Federation (NCEF) has announced its plans to organize a national coffee conference and exhibition, 2080. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The event, in collaboration with the Ministry of Industry, Commerce and Supplies, Ministry of Agriculture and Livestock, and the National Tea and Coffee Development Board, will be held in the federal capital, Kathmandu, from June 17 to 20.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">During a press conference held in Kathmandu on Monday, the NCEF unveiled its intentions to promote both domestic and foreign markets for coffee produced in Nepal through this grand event. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The exhibition, showcasing a wide range of coffee products, is expected to play a pivotal role in the growth and development of the coffee industry.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The conference will serve as a platform for national and international experts to engage in discussions about national policies and laws that contribute to the promotion of coffee. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The gathering will witness the participation of coffee producers, promoters, entrepreneurs, implement producers, and exporters, fostering fruitful interactions and networking opportunities. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, the conference will host competitions in various coffee-related categories, with winners being recognized and awarded for their outstanding contributions.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17896', 'image' => '20230613051237_collage (26).jpg', 'article_date' => '2023-06-13 17:11:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18165', 'article_category_id' => '1', 'title' => 'NEPSE Index Surpasses 2,000 Points; Turnover Exceeds Rs 4 Billion', 'sub_title' => '', 'summary' => 'The stock market continues to attract investors as the Nepse index keeps climbing. Over the course of the last six consecutive days, the index has witnessed a remarkable growth of 6.1 percent, crossing the significant threshold of 2,000 points.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 13: The stock market continues to attract investors as the Nepse index keeps climbing. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Over the course of the last six consecutive days, the index has witnessed a remarkable growth of 6.1 percent, crossing the significant threshold of 2,000 points.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Nepal Bankers' Association (NBA) has decided to maintain a stable interest rate on deposits for the month of Asar. As the base rate declines, it is expected that loan interest rates will follow suit. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">This encouraging development has further fueled investors' enthusiasm in the stock market, resulting in a surge in both turnover amount and the benchmark index.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Seasoned investors and experts suggest that the bearish trend, which persisted for nearly 22 months, has finally come to an end. They advise investors to carefully analyze the fundamental aspects of companies before making investment decisions.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The NEPSE index closed at 2,020.64, recording a gain of 34.17 points, or 1.72%, compared to the previous trading day. A total of 270 scrips were traded through 70,759 transactions, with a substantial turnover amount of Rs 4.12 Arba. This marks a significant increase from the previous day's turnover of Rs 2.88 Arba and represents the highest turnover in nearly 5 months.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The stock with the highest trading volume and turnover was SHIVAM CEMENTS LTD (SHIVM), with a turnover of Rs 27.66 crores and a closing market price of Rs 506.50 per share. Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) experienced the highest gain of 10% and hit the positive circuit for the day. Conversely, Prabhu Smart Fund (PRSF) incurred the highest loss of 3.93% during today's trading session.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">All sector indices closed in the green zone, with the "Manufacturing and Processing" sector witnessing the highest gain of 4.32%, while the "Banking" sector observed the least gain of 0.61%.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The sensitive index registered a growth of 1.75%, the Float index increased by 1.71%, and the Sensitive Float Index climbed by 1.89%.</span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17895', 'image' => '20230613043401_collage (25).jpg', 'article_date' => '2023-06-13 16:32:40', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18164', 'article_category_id' => '1', 'title' => 'DoTM Proposes Classifying Taxis into Three Categories, Fares to go up 100 Percent', 'sub_title' => '', 'summary' => 'June 13: The government is making preparations to classify the vehicles used as taxis into three categories.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 13: The government is making preparations to classify the vehicles used as taxis into three categories.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Department of Transport Management (DoTM) has issued a draft of the 'Standards for Vehicles Used as Taxis, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">' to classify taxis. The department has requested one and all to send advice, suggestions and feedbacks through email and Facebook page regarding the draft by June 19.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the draft, taxis will now be classified into three categories: ordinary, deluxe and luxury cabs. The department is preparing to classify the taxis according to their size, capacity and available facilities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">An ordinary taxi should have a minimum engine capacity of eight hundred cc or more. In case of an electric vehicle, the minimum ratio between the energy stored in the battery (kilowatt hours) and the total weight of the vehicle (kg) should be 0.012</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Such taxis should have at least sound system (speaker) in the front and back of the vehicle for entertainment.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A deluxe taxi should have a minimum engine capacity of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,200</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc or more. In case of an electric vehicle, the minimum ratio between the energy stored in the battery (kilowatt hours) and the total weight of the vehicle (kg) should be 0.019</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It has been proposed that such taxis should have a sound system (speaker), at least one display with a touch screen, a window that opens and closes with an electric switch, an automatic air conditioning system, and a rear reading lamp.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the draft, luxury taxis should have a minimum engine capacity of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc or more. In case of electric vehicles, the minimum ratio between the energy stored in the battery (kilowatt hours) and the total weight of the vehicle (kg) should be 0.025</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This class of taxis should have a sound system (speaker) in front of the vehicle for entertainment, a display with at least two "touch screens" for the back row of the vehicle, windows that can be opened and closed by an electric switch, and automatic environment control with air quality control. Also, WiFi internet facility, 'head rest', 'cup holder', 'reading lamp', 'DC or AC power outlet for charging mobiles and electronic equipment' should be available for the front and back of the taxi.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The classified taxis must have vehicle markings to show the class. An ordinary taxi should have an 'O' mark on the upper corner of the front window towards the driver’s seat, on the rear right and left door glass and on the right side corner of the rear window. In the same way, deluxe taxis should have the mark 'D' and 'L' for luxury taxis. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Also, taxis should have lights on the roof. According to the draft, the light should be green when the taxi is empty, red when the vehicle is occupied, and white when the vehicle is not in service or off duty. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Also, every taxi will have to install a digital fare meter with a printer and a GPS navigation system with a display.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The department has also proposed fares according to the classification of the taxis. In case of an ordinary taxi, the fare rate set by the government of Nepal will remain the same, while the fare of deluxe taxis will be </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent higher than the ordinary ones. In addition, the department has proposed a hundred percent or double the fare for luxury taxis than the fare of ordinary taxis.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17894', 'image' => '20230613021440_1686639548.Taxi.jpg', 'article_date' => '2023-06-13 14:14:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18163', 'article_category_id' => '1', 'title' => 'Government Employees Banned from Making TikTok Video during Office Hours ', 'sub_title' => '', 'summary' => 'June 23: Civil servants making TikTok videos during office time will face action. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 23: Civil servants making TikTok videos during office time will face action. The Ministry of Federal Affairs and General Administration issued a notice on Monday warning of action if any civil servant is found making TikTok videos during office hours.</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"">Making TikTok videos in prescribed dress code, using office vehicles and within the premises of the respective office has been banned, said joint secretary and spokesperson for the ministry Kamal Prasad Bhattarai. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have also directed government employees not to make TikTok video even about activities related to office work. Or else, disobedient employees will face punishment for not maintaining discipline and violating such rule," he said. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The initiative follows complaints about government employees doing 'indecent activities' in TikTok lately, according to the ministry. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17893', 'image' => '20230613021341_min.jpg', 'article_date' => '2023-06-13 14:12:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18162', 'article_category_id' => '1', 'title' => 'First-ever Women Entrepreneurs' Industrial Village to be Set up in Panchkhal ', 'sub_title' => '', 'summary' => 'June 13: The country’s first-ever women entrepreneurs' special industrial village is to be set up in Paanchkhal of Kavrepalanchowk district.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 13: The country’s first-ever women entrepreneurs' special industrial village is to be set up in Paanchkhal of Kavrepalanchowk district. The proposed industrial village aims to develop entrepreneurship among women institutionally and is going to be established in public private partnership model. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Such industrial villages is expected to contribute to job creation by operating micro, cottage, small and medium scale enterprises through optimization of local resources, raw materials and technology. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The South Asian Forum for Women Development is going to collaborate with the Ministry of Industry, Commerce and Supplies and Panchkhal Municipality towards that end. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A cabinet meeting held on June 7 had decided to convert the existing industrial village in Panchkhal Municipality into a special industrial village for women entrepreneurs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Organising a press conference on Monday, the forum's President Pramila Acharya remarked that the establishment of the industrial park was a positive development for women entrepreneurs and for green economy and spoke of the need to roll out Green Industry Park Act to expand such natural parks in the other six provinces. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">She also pressed for prompt implementation of such projects and programmes so as to create enabling environment for women entrepreneurs running small and medium scale enterprises. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Acharya also pointed out the need for the state to increase women's role in national economy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The proposed Industrial village will be the first in the country and second in South Asia, it was shared during the press meet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A total of 50 small scale industries related to agricultural production and tourism-centred services would be established in the industrial village. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17892', 'image' => '20230613020926_industrial village.jpg', 'article_date' => '2023-06-13 14:08:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18160', 'article_category_id' => '1', 'title' => 'Heat Wave to Continue in Tarai for Next Five Days', 'sub_title' => 'Temperature to Rise Across the Nation ', 'summary' => 'June 13: The Weather Forecasting Division has predicted heat wave in the Tarai belt of Nepal for the next five days. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 13: The Weather Forecasting Division has predicted heat wave in the Tarai belt of Nepal for the next five days. The division has urged the people to adopt preventive measures to save themselves from the heat wave. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a special bulletin, the division mentioned that current status and analysis of temperature show most of the parts in Tarai region will see gradual rise on both maximum and minimum temperatures. So, necessary precaution is essential, it added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The heat wave is called 'loo' when the temperature rises above 40 degrees Celsius. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, even the hill area and valleys will see rise in temperature. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Weather Forecasting Division appealed to all to stay updated on the information and notices it issues periodically on the latest weather events. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Most of the places in country have seen rise in both maximum and minimum temperatures for some days. The Tarai belt recorded temperature of more than 40 degrees Centigrade. The division warned that the heat wave can cause fatigue, weakness, thirst, headache, muscle cramp, dizziness, muscle pain and vomiting. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It has further suggested the people to stay indoors, in cool places, wear cotton clothes, cover head while walking outside, and increase juice and water intake to avoid the effects of heat wave. In case of health problems, consultation with health workers and medical persons has been suggested. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Currently, Nepal is undergoing through a partial effect of the Westerly wind and of low pressure system of Bihar, India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, light to moderate rainfall has been predicted in some places of Koshi, Madhes and Bagmati provinces. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The minimum temperature in the Kathmandu Valley has been recorded at 18.8 degrees Celsius while the maximum temperature was 29 degrees Celsius. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17890', 'image' => '20230613125109_20230608120737_Untitled.jpg', 'article_date' => '2023-06-13 12:50:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18159', 'article_category_id' => '1', 'title' => 'Parliamentary Committee to Seek Response from SEBON on Issuance of Stock Exchange License', 'sub_title' => '', 'summary' => 'June 13: The Finance Committee of the House of Representatives is set to seek response from the Securities Board of Nepal (SEBON) on the process of issuing license for a new stock exchange and stock brokers. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 13: The Finance Committee of the House of Representatives is set to seek response from the Securities Board of Nepal (SEBON) on the process of issuing license for a new stock exchange and stock brokers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Finance Committee on Monday decided to call the officials of SEBON for a deliberation on the issue and seek its response, said Santosh Chalise, who chairs the committee as the senior-most member. The process of issuing a license for a new stock exchange has been now been halted following the government's direction. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The subcommittee under the Finance Committee has submitted a report after carrying out a study on the stock market. It has been decided to call the SEBON to discuss the matter of issuing license for a new stock exchange and brokers and its implementation," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier on May 21, the Finance Committee wrote to the SEBON seeking details of the process for issuing license for a new stock exchange and stock brokerage firms, and the situation of the implementation of the suggestion report prepared by the committee. Following this, the SEBON responded to the committee on May 26. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During Monday’s meeting, lawmakers put their view of calling the SEBON for its response. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the SEBON was issuing license for additional stock brokers against a written instruction from the committee, Padam Giri demanded investigations into the matter.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Recommendation by the subcommittee under the Finance Committee about issuing license for a new stock exchange has not been followed. License for stock brokers has been issued the same day after the committee wrote to the SEBON. Question about transparency in the issuance of license has been raised," he said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17889', 'image' => '20230613113254_Sebon-update.jpg', 'article_date' => '2023-06-13 11:32:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18158', 'article_category_id' => '1', 'title' => 'HoR Passes Appropriation Bill ', 'sub_title' => '', 'summary' => 'June 13: The House of Representatives (HoR) on Monday passed a proposal tabled before the HoR meeting seeking the passage of the Appropriation Bill 2080. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 13: The House of Representatives (HoR) on Monday passed a proposal tabled before the HoR meeting seeking the passage of the Appropriation Bill 2080. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Finance Dr Prakash Sharan Mahat had tabled the motion in the meeting of the HoR. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Following HoR approval of the motion, HoR Speaker Devraj Ghimire informed the House that the ministry-wise discussions on the annual budget shall continue from June 15 to 27. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, Minister for Finance Dr Mahat responded to the concerns raised by the HoR members on the upcoming year's budget and said that the budget was formulated to uplift the living standards of the citizens, create employment and promote industrial environment in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said that the budget has been allocated in health care, education, infrastructure development and to maintain law and order as well as good-governance. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dr Mahat also made it clear that the budget has been allocated for health insurance scheme, treatment of chronic patients and backward region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The finance minister was of the view that the budget is focused on increasing production and economic growth of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, taking part on the discussions on the bill, UML lawmaker Gokarna Bista argued that the budget has no clear pronouncement to those economically underprivileged and vulnerable communities. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">MP Santosh Pariyar pointed out that the budget was weak in maintaining intergovernmental coordination. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bishwa Prakash Sharma, Ranju Kumari Jha and Ambar Bahadur Thapa said that the budget should focus on its implementation part. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The next meeting of the HoR has been scheduled for 11:00 am on June 15. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17888', 'image' => '20230613110416_Parliament RSS 800.jpg', 'article_date' => '2023-06-13 11:03:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18157', 'article_category_id' => '1', 'title' => 'Green Tyre Launches Production of 'Delta' Brand Tyres for TVS NTORQ Scooters', 'sub_title' => '', 'summary' => 'Nepali tyre manufacturer Green Tyre has started producing the 'Delta' brand of tyres for TVS NTORQ scooters. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">June 13: Nepali tyre manufacturer Green Tyre has started producing the 'Delta' brand of tyres for TVS NTORQ scooters. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The company claims that the 100-80-12 Dyaas and 110-80-12 Dyaas sizes of these tyres are of high quality and cost-effective. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The design of these tires has been specifically engineered to suit the rough conditions of Nepali roads, offering dry and wet grip as well as easy maneuverability on off-road terrain.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The company also mentions that these tyres reduce fuel consumption due to their low rolling resistance. Bikas Singhania, the company's manager, stated that the increasing number of TVS NTORQ scooter users in the Nepali market has led the company to focus on tyre production for these scooters. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Currently, the company produces 2,50,000 units of tyres annually. It employs 120 workers.</span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17887', 'image' => '20230613061026_collage (19).jpg', 'article_date' => '2023-06-13 06:08:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18172', 'article_category_id' => '1', 'title' => 'Banks Decide not to Lower Interest Rates in mid-June to mid-July', 'sub_title' => '', 'summary' => 'June 14: Although the liquidity has eased in the banks and financial institutions (BFIs), the interest rates will be kept unchanged. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">June 14: Although the liquidity has eased in the banks and financial institutions (BFIs), the interest rates will be kept unchanged. Nepal Bankers Association (NBA), the umbrella organization of commercial banks, decided to maintain the same interest rate in the month of Asar (mid-June to mid-July) as in the previous month (mid-April to mid-June).</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">After strong opposition to the interest rate, NBA decided to lower the interest rate to single digit in mid-April. Ever since, the maximum interest rate on personal term deposits is 9.99 percent, for institutional depositors is 7.99 percent and for ordinary savings is 5.4 to 7.4 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Earlier, in mid-December, the maximum interest rate of fixed deposits in commercial banks had reached 12.33 percent. With the increase in inflow of remittance, deposits in banks increased and the liquidity crisis eased. This prompted banks to reduce the interest rates. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank (NRB) also reduced the bank rate through the review of monetary policy. Liquidity piled up in banks due to the lack of credit flow compared to the increase in deposits.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data of NRB, the average credit-deposit ratio (CD ratio) of banks dropped to 84.40 percent by Monday. Banks are allowed to give loans by maintaining a CD ratio of up to 90 percent, so they have the ability to provide additional loans of more than Rs 300 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As of Monday, the total deposits in the banking system stood at Rs 5537 billion. This is Rs 3 billion more than the previous day. Although deposits in the banking system have been continuously increasing, credit flow has not increased in the same ratio. As of Monday, the total disbursement of BFIs stood at Rs 4853 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As liquidity in the banking system increased, interbank interest rates also decreased. On Sunday, the average interest rate of interbank transactions was 6.21 percent, but on Monday it decreased to 6.18 percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, the interest rate of treasury bills, the government's short-term bond, is also gradually decreasing. On Monday, the average interest rate of 28-day treasury bills fell to 7.003 percent. Similarly, the average interest rate has been maintained at 8.13 percent for 91-day T-bills, 8.04 percent for 182-day T-bills and 8.14 percent for T-bills with maturity period of 364 days. Last week, the average interest rate of 28-day treasury bills was 7.35 percent, 91-day T-bills was 8.68 percent, 182-day T-bills was 8.71 percent and 364-day T-bills was 8.33 percent. Banks reduced the interest rate and invested in the treasury bills after they were unable to expand credit flow.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17902', 'image' => '20230614025709_Banks - Copy.jpg', 'article_date' => '2023-06-14 14:56:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18171', 'article_category_id' => '1', 'title' => 'Long and Medium-Haul Vehicles to Operate from New Bus Park from June 16', 'sub_title' => '', 'summary' => 'June 14: Long and medium-distance vehicles heading outside the Kathmandu Valley will operate their services from Gongabu-based New Bus Park, effective from June 16.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">June 14: Long and medium-distance vehicles heading outside the Kathmandu Valley will operate their services from Gongabu-based New Bus Park, effective from June 16.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Organizing a press conference in the capital on Tuesday, the Microbus and Jeep Coordination Committee said vehicles, which are being operated from different places of Kathmandu, will now be operated from the New Bus Park.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The committee Coordinator Rajendra Acharya said that they have decided to operate jeeps and microbuses from the New Bus Park in accordance with the decision of the Kathmandu Metropolitan City (KMC). The KMC had on June 2 urged the stakeholders to operate all kinds of vehicles traveling outside the Kathmandu Valley from the New Bus Park.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We are ready to implement the decision of the local government. The KMC should strictly ask all bodies concerned to implement the decision. We are ready to support KMC," Acharya said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Long-haul transportation services, especially those involving microbuses and jeeps, are currently in operation by setting up counters at different places including Sundhara, Balkhu, Kalanki, Balaju, Machhapokhari, Gongabu and Koteshwar.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Acharya urged passengers to get tickets from the counters located at the bus park. He also requested the KMC to make arrangements for 'pick-up and drop' for a certain period of time in the previous places for the convenience of the passengers while operating the microbus and jeep services from the New Bus Park. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prior to this, the government had implemented similar rules for night buses in late December.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the decision, all night buses leaving the Kathmandu Valley with passengers for their destinations have get off from the New Bus Park in Gongabu and should also be parked at the bus park. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Senior Superintendent of Police Rajendra Prasad Bhatta, the move is aimed at reducing road accidents and traffic jams. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The parking lot at the New Bus Park has the capacity of parking more than 2,000 vehicles at a time. The Bus Park which spans across 161 ropanis of land was constructed in 2056 BS under the public private partnership. Passenger buses leave the Bus Park for more than 60 districts. -- RSS</span></span></p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17901', 'image' => '20230614014219_20221222061246_Transport.jpg', 'article_date' => '2023-06-14 13:41:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18170', 'article_category_id' => '1', 'title' => 'Connectivity a Must to Expand Interregional Trade: FNCCI President Dhakal ', 'sub_title' => '', 'summary' => 'June 14: Federation of Nepalese Chamber of Commerce and Industry (FNCCI) President Chandra Prasad Dhakal has underscored the need to construct quality infrastructures to promote interregional trade and investment among the BIMSTEC nations. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 14: Federation of Nepalese Chamber of Commerce and Industry (FNCCI) President Chandra Prasad Dhakal has underscored the need to construct quality infrastructures to promote interregional trade and investment among the BIMSTEC nations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dhakal said so while addressing a special session on 'International Trade Forum: Opportunities and Barriers' under the BIMSTEC Business Conclave that kicked off in Kolkata, India on Tuesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a press statement issued by the FNCCI on Tuesday, Dhakal emphasized good road connectivity, waterways and railway connectivity among the BIMSTEC member nations to augment interregional and intra-regional trade and investment in the regional forum of seven nations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Bay of Bengal Initiatives for Multi-Sectoral Technical and Economic Cooperation (BIMSTC) has Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand as its member nations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dhakal also spoke of the need to increase joint investment from the BIMSTEC member nations to enhance air connectivity as well as digital connectivity, improve infrastructures network and build new physical infrastructures, added the statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that it was necessary to increase physical infrastructures such as road and ports for easy transportation, he said that the BIMSTEC nations could make joint efforts for the development and up-gradation of infrastructures to support the development of the regional value chain. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, development of infrastructures related to power production, power trade and promotion of cross-border energy cooperation could support the development of industries needing excessive energy in regional value chain. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"For instance, Nepal, Bangladesh and India are working in the transmission lines to export surplus energy from Nepal to Bangladesh via India. Likewise, surplus energy could be exported to other BIMSTEC member countries and beyond," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also pointed out the need for the BIMSTEC to consider removing and reducing various non-tariff barriers on trade so as to ease off investment and trade in the BIMSTEC region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also called for the BIMSTEC countries to implement necessary policy and procedural changes in investment policy, trade policy, custom process among others to create enabling environment for regional value chain and promote intra-regional trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The liberal trade policy adopted by the BIMSTEC countries would further facilitate bilateral and multilateral trade among the member nations. Nepal could reap benefit from exemption or reduction of taxes on its exports thereby increasing trade volume and diversifying exports," he viewed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He opined that the regional connectivity and trade agreement would attract more Foreign Direct Investments. He also proposed to establish BIMSTEC Business Forum to promote interregional trade and investment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The BIMSTEC Business Conclave 2023 is organized by the Indian Chamber of Commerce supported by the Ministry of External Affairs. It is a three-day event that commemorates 25 years of establishment of the BIMSTEC. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17900', 'image' => '20230614120536_20230416030406_Chandra-Dhakal.jpg', 'article_date' => '2023-06-14 12:04:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18169', 'article_category_id' => '1', 'title' => 'NAC Launches Commercial Flights to and from Gautam Buddha Int’l Airport', 'sub_title' => '', 'summary' => 'June 14: Nepal Airlines Corporation (NAC), the flag carrier of Nepal, has launched commercial flight to and from Bhairahawa-based Gautam Buddha International Airport (GBIA) almost a year after the airport came into operation.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 14: Nepal Airlines Corporation (NAC), the flag carrier of Nepal, has launched commercial flight to and from Bhairahawa-based Gautam Buddha International Airport (GBIA) almost a year after the airport came into operation.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NAC’s 158-seater aircraft landed at the airport at 9:45 am on Tuesday carrying 90 passengers from Malaysia. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Joint-Spokesperson for the Nepal Airlines Corporation, Ganesh Kumar Ghimire, said the aircraft took off for Kathmandu after dropping off 31 passengers at the airport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Culture, Tourism and Civil Aviation, Sudan Kirati, and Minister of State for Tourism, Sushila Sirpali, were there to welcome the passengers in Bhairahawa as it was the first commercial flight of NAC to the airport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Inaugurating the NAC’s commercial flight at the airport, Minister Kirati said it was challenging to give continuity to commercial flights in Bhairahawa. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said efforts from the both the government and the private sector were necessary for the continuation of the service. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Kirati asked authorities concerned to lay emphasis on publicity for effective operation and marketing of Nepal Airlines in the coming days. He mentioned that efforts were underway to operate flights to other destinations including New Delhi from GBIA. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Tourism Minister further said it was necessary to buy new aircraft to operate the NAC in a fully commercial manner and to provide air service to people of remote areas. He added that the government was in a process to purchase aircraft in a transparent manner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Minister of State Sirpali said the government has given top priority to the need of regular operation of airport as it was constructed with the aim of promoting the identity and heritage of Lumbini Province globally. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that questions were raised from many quarters about irregular operation of flights, she said that the main reason behind irregular flights was political instability. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, former Minister and federal lawmaker from Rupandehi-3, Deepak Bohora advised the government to make a policy that every companies operating international flights from Tribhuvan International Airport has to operate one flight each at Bhairahawa. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The then Prime Minister Sher Bahadur Deuba had inaugurated the airport on May 16, 2022. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17899', 'image' => '20230614110827_RB_Bhairahawa-IMG_2949.jpg', 'article_date' => '2023-06-14 11:07:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18168', 'article_category_id' => '1', 'title' => 'Over 6,000 Seized Weapons Destroyed in Kathmandu', 'sub_title' => '', 'summary' => 'A total of 6,268 set of weapons that were seized, received, recovered or found stray over various period of time and places were destroyed in accordance with the law.', 'content' => '<p><span style="font-size:18px">June 14: A total of 6,268 set of weapons that were seized, received, recovered or found stray over various period of time and places were destroyed in accordance with the law.</span></p> <p><span style="font-size:18px">Among the destroyed weapons were 6,189 set of countryside gun and 64 set of pistols. Names of 13 weapons would not be ascertained, according to the Nepal Police. </span></p> <p><span style="font-size:18px">The weapons were destroyed by Nepal Police Special Taskforce in Kapan in the witness of Additional Inspector General (AIG) of the Nepal Police, representatives of the Ministry of Home Affairs, District Administration Office, Kathmandu among other concerned authorities, said Spokesperson of the Nepal Police Kuber Kadayat. </span></p> <p><span style="font-size:18px">The weapons were destroyed as per the directives to manage arms and ammunition as well as explosive materials. A technical team led by AIG Meera Chaudhary after conducting studies of the seized weapons had decided to recommend destroying such weapons in line with the prevailing law. (RSS) </span></p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17898', 'image' => '20230614061052_collage (22).jpg', 'article_date' => '2023-06-14 06:09:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18167', 'article_category_id' => '1', 'title' => 'Eighth Kantipur-HISSAN Education Fair to Kick off on June 15', 'sub_title' => '', 'summary' => 'The Eighth Kantipur-HISSAN (Higher Institutions and Secondary Schools' Association Nepal) Education Fair-2023 is scheduled to take place from June 15 at Bhrikuti Mandap Exhibition Hall in Kathmandu.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 14: The Eighth Kantipur-HISSAN (Higher Institutions and Secondary Schools' Association Nepal) Education Fair-2023 is scheduled to take place from June 15 at Bhrikuti Mandap Exhibition Hall in Kathmandu. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">With its inspiring motto "Excellent Education in Nepal," this four-day fair aims to inform and guide students who have recently completed their higher secondary exams and are eagerly awaiting their results.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The fair serves as a comprehensive platform, offering invaluable information about various educational institutions and a wide range of courses. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As an increasing number of students are drawn towards pursuing higher education abroad, this event showcases the best colleges and educational opportunities available within the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Tanka Raj Acharya, the fair coordinator, emphasized the festival's significance in providing easy access to essential information about courses and colleges at home.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As many as 75 esteemed educational institutions from across the nation, affiliated with universities such as Kathmandu University, Pokhara University, Purbanchal University, Mid-West University, and the Council for Technical Education and Vocational Training, are participating in the fair. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The fair organizers anticipate arrivals of over 200,000 visitors, including eager students, parents, and education enthusiasts.</span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">To make this event even more accessible, the fair management has decided to waive entry fees, ensuring that everyone can benefit from this unparalleled educational experience. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Moreover, scholarships, both full and partial, have been thoughtfully arranged for more than 1,000 deserving students, further emphasizing the fair's commitment to making quality education more accessible to all.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17897', 'image' => '20230614055408_collage (21).jpg', 'article_date' => '2023-06-14 05:51:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18166', 'article_category_id' => '1', 'title' => 'National Coffee Conference and Exhibition-2080 on June 17-20', 'sub_title' => '', 'summary' => 'The Nepal Coffee Entrepreneurs' Federation (NCEF) has announced its plans to organize a national coffee conference and exhibition, 2080. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 13: The Nepal Coffee Entrepreneurs' Federation (NCEF) has announced its plans to organize a national coffee conference and exhibition, 2080. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The event, in collaboration with the Ministry of Industry, Commerce and Supplies, Ministry of Agriculture and Livestock, and the National Tea and Coffee Development Board, will be held in the federal capital, Kathmandu, from June 17 to 20.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">During a press conference held in Kathmandu on Monday, the NCEF unveiled its intentions to promote both domestic and foreign markets for coffee produced in Nepal through this grand event. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The exhibition, showcasing a wide range of coffee products, is expected to play a pivotal role in the growth and development of the coffee industry.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The conference will serve as a platform for national and international experts to engage in discussions about national policies and laws that contribute to the promotion of coffee. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The gathering will witness the participation of coffee producers, promoters, entrepreneurs, implement producers, and exporters, fostering fruitful interactions and networking opportunities. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, the conference will host competitions in various coffee-related categories, with winners being recognized and awarded for their outstanding contributions.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17896', 'image' => '20230613051237_collage (26).jpg', 'article_date' => '2023-06-13 17:11:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18165', 'article_category_id' => '1', 'title' => 'NEPSE Index Surpasses 2,000 Points; Turnover Exceeds Rs 4 Billion', 'sub_title' => '', 'summary' => 'The stock market continues to attract investors as the Nepse index keeps climbing. Over the course of the last six consecutive days, the index has witnessed a remarkable growth of 6.1 percent, crossing the significant threshold of 2,000 points.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 13: The stock market continues to attract investors as the Nepse index keeps climbing. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Over the course of the last six consecutive days, the index has witnessed a remarkable growth of 6.1 percent, crossing the significant threshold of 2,000 points.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Nepal Bankers' Association (NBA) has decided to maintain a stable interest rate on deposits for the month of Asar. As the base rate declines, it is expected that loan interest rates will follow suit. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">This encouraging development has further fueled investors' enthusiasm in the stock market, resulting in a surge in both turnover amount and the benchmark index.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Seasoned investors and experts suggest that the bearish trend, which persisted for nearly 22 months, has finally come to an end. They advise investors to carefully analyze the fundamental aspects of companies before making investment decisions.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The NEPSE index closed at 2,020.64, recording a gain of 34.17 points, or 1.72%, compared to the previous trading day. A total of 270 scrips were traded through 70,759 transactions, with a substantial turnover amount of Rs 4.12 Arba. This marks a significant increase from the previous day's turnover of Rs 2.88 Arba and represents the highest turnover in nearly 5 months.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The stock with the highest trading volume and turnover was SHIVAM CEMENTS LTD (SHIVM), with a turnover of Rs 27.66 crores and a closing market price of Rs 506.50 per share. Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) experienced the highest gain of 10% and hit the positive circuit for the day. Conversely, Prabhu Smart Fund (PRSF) incurred the highest loss of 3.93% during today's trading session.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">All sector indices closed in the green zone, with the "Manufacturing and Processing" sector witnessing the highest gain of 4.32%, while the "Banking" sector observed the least gain of 0.61%.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The sensitive index registered a growth of 1.75%, the Float index increased by 1.71%, and the Sensitive Float Index climbed by 1.89%.</span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17895', 'image' => '20230613043401_collage (25).jpg', 'article_date' => '2023-06-13 16:32:40', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18164', 'article_category_id' => '1', 'title' => 'DoTM Proposes Classifying Taxis into Three Categories, Fares to go up 100 Percent', 'sub_title' => '', 'summary' => 'June 13: The government is making preparations to classify the vehicles used as taxis into three categories.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 13: The government is making preparations to classify the vehicles used as taxis into three categories.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Department of Transport Management (DoTM) has issued a draft of the 'Standards for Vehicles Used as Taxis, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">' to classify taxis. The department has requested one and all to send advice, suggestions and feedbacks through email and Facebook page regarding the draft by June 19.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the draft, taxis will now be classified into three categories: ordinary, deluxe and luxury cabs. The department is preparing to classify the taxis according to their size, capacity and available facilities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">An ordinary taxi should have a minimum engine capacity of eight hundred cc or more. In case of an electric vehicle, the minimum ratio between the energy stored in the battery (kilowatt hours) and the total weight of the vehicle (kg) should be 0.012</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Such taxis should have at least sound system (speaker) in the front and back of the vehicle for entertainment.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A deluxe taxi should have a minimum engine capacity of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,200</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc or more. In case of an electric vehicle, the minimum ratio between the energy stored in the battery (kilowatt hours) and the total weight of the vehicle (kg) should be 0.019</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It has been proposed that such taxis should have a sound system (speaker), at least one display with a touch screen, a window that opens and closes with an electric switch, an automatic air conditioning system, and a rear reading lamp.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the draft, luxury taxis should have a minimum engine capacity of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc or more. In case of electric vehicles, the minimum ratio between the energy stored in the battery (kilowatt hours) and the total weight of the vehicle (kg) should be 0.025</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This class of taxis should have a sound system (speaker) in front of the vehicle for entertainment, a display with at least two "touch screens" for the back row of the vehicle, windows that can be opened and closed by an electric switch, and automatic environment control with air quality control. Also, WiFi internet facility, 'head rest', 'cup holder', 'reading lamp', 'DC or AC power outlet for charging mobiles and electronic equipment' should be available for the front and back of the taxi.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The classified taxis must have vehicle markings to show the class. An ordinary taxi should have an 'O' mark on the upper corner of the front window towards the driver’s seat, on the rear right and left door glass and on the right side corner of the rear window. In the same way, deluxe taxis should have the mark 'D' and 'L' for luxury taxis. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Also, taxis should have lights on the roof. According to the draft, the light should be green when the taxi is empty, red when the vehicle is occupied, and white when the vehicle is not in service or off duty. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Also, every taxi will have to install a digital fare meter with a printer and a GPS navigation system with a display.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The department has also proposed fares according to the classification of the taxis. In case of an ordinary taxi, the fare rate set by the government of Nepal will remain the same, while the fare of deluxe taxis will be </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent higher than the ordinary ones. In addition, the department has proposed a hundred percent or double the fare for luxury taxis than the fare of ordinary taxis.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17894', 'image' => '20230613021440_1686639548.Taxi.jpg', 'article_date' => '2023-06-13 14:14:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18163', 'article_category_id' => '1', 'title' => 'Government Employees Banned from Making TikTok Video during Office Hours ', 'sub_title' => '', 'summary' => 'June 23: Civil servants making TikTok videos during office time will face action. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 23: Civil servants making TikTok videos during office time will face action. The Ministry of Federal Affairs and General Administration issued a notice on Monday warning of action if any civil servant is found making TikTok videos during office hours.</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"">Making TikTok videos in prescribed dress code, using office vehicles and within the premises of the respective office has been banned, said joint secretary and spokesperson for the ministry Kamal Prasad Bhattarai. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have also directed government employees not to make TikTok video even about activities related to office work. Or else, disobedient employees will face punishment for not maintaining discipline and violating such rule," he said. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The initiative follows complaints about government employees doing 'indecent activities' in TikTok lately, according to the ministry. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17893', 'image' => '20230613021341_min.jpg', 'article_date' => '2023-06-13 14:12:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18162', 'article_category_id' => '1', 'title' => 'First-ever Women Entrepreneurs' Industrial Village to be Set up in Panchkhal ', 'sub_title' => '', 'summary' => 'June 13: The country’s first-ever women entrepreneurs' special industrial village is to be set up in Paanchkhal of Kavrepalanchowk district.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 13: The country’s first-ever women entrepreneurs' special industrial village is to be set up in Paanchkhal of Kavrepalanchowk district. The proposed industrial village aims to develop entrepreneurship among women institutionally and is going to be established in public private partnership model. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Such industrial villages is expected to contribute to job creation by operating micro, cottage, small and medium scale enterprises through optimization of local resources, raw materials and technology. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The South Asian Forum for Women Development is going to collaborate with the Ministry of Industry, Commerce and Supplies and Panchkhal Municipality towards that end. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A cabinet meeting held on June 7 had decided to convert the existing industrial village in Panchkhal Municipality into a special industrial village for women entrepreneurs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Organising a press conference on Monday, the forum's President Pramila Acharya remarked that the establishment of the industrial park was a positive development for women entrepreneurs and for green economy and spoke of the need to roll out Green Industry Park Act to expand such natural parks in the other six provinces. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">She also pressed for prompt implementation of such projects and programmes so as to create enabling environment for women entrepreneurs running small and medium scale enterprises. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Acharya also pointed out the need for the state to increase women's role in national economy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The proposed Industrial village will be the first in the country and second in South Asia, it was shared during the press meet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A total of 50 small scale industries related to agricultural production and tourism-centred services would be established in the industrial village. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17892', 'image' => '20230613020926_industrial village.jpg', 'article_date' => '2023-06-13 14:08:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18160', 'article_category_id' => '1', 'title' => 'Heat Wave to Continue in Tarai for Next Five Days', 'sub_title' => 'Temperature to Rise Across the Nation ', 'summary' => 'June 13: The Weather Forecasting Division has predicted heat wave in the Tarai belt of Nepal for the next five days. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 13: The Weather Forecasting Division has predicted heat wave in the Tarai belt of Nepal for the next five days. The division has urged the people to adopt preventive measures to save themselves from the heat wave. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a special bulletin, the division mentioned that current status and analysis of temperature show most of the parts in Tarai region will see gradual rise on both maximum and minimum temperatures. So, necessary precaution is essential, it added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The heat wave is called 'loo' when the temperature rises above 40 degrees Celsius. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, even the hill area and valleys will see rise in temperature. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Weather Forecasting Division appealed to all to stay updated on the information and notices it issues periodically on the latest weather events. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Most of the places in country have seen rise in both maximum and minimum temperatures for some days. The Tarai belt recorded temperature of more than 40 degrees Centigrade. The division warned that the heat wave can cause fatigue, weakness, thirst, headache, muscle cramp, dizziness, muscle pain and vomiting. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It has further suggested the people to stay indoors, in cool places, wear cotton clothes, cover head while walking outside, and increase juice and water intake to avoid the effects of heat wave. In case of health problems, consultation with health workers and medical persons has been suggested. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Currently, Nepal is undergoing through a partial effect of the Westerly wind and of low pressure system of Bihar, India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, light to moderate rainfall has been predicted in some places of Koshi, Madhes and Bagmati provinces. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The minimum temperature in the Kathmandu Valley has been recorded at 18.8 degrees Celsius while the maximum temperature was 29 degrees Celsius. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17890', 'image' => '20230613125109_20230608120737_Untitled.jpg', 'article_date' => '2023-06-13 12:50:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18159', 'article_category_id' => '1', 'title' => 'Parliamentary Committee to Seek Response from SEBON on Issuance of Stock Exchange License', 'sub_title' => '', 'summary' => 'June 13: The Finance Committee of the House of Representatives is set to seek response from the Securities Board of Nepal (SEBON) on the process of issuing license for a new stock exchange and stock brokers. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 13: The Finance Committee of the House of Representatives is set to seek response from the Securities Board of Nepal (SEBON) on the process of issuing license for a new stock exchange and stock brokers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Finance Committee on Monday decided to call the officials of SEBON for a deliberation on the issue and seek its response, said Santosh Chalise, who chairs the committee as the senior-most member. The process of issuing a license for a new stock exchange has been now been halted following the government's direction. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The subcommittee under the Finance Committee has submitted a report after carrying out a study on the stock market. It has been decided to call the SEBON to discuss the matter of issuing license for a new stock exchange and brokers and its implementation," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier on May 21, the Finance Committee wrote to the SEBON seeking details of the process for issuing license for a new stock exchange and stock brokerage firms, and the situation of the implementation of the suggestion report prepared by the committee. Following this, the SEBON responded to the committee on May 26. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During Monday’s meeting, lawmakers put their view of calling the SEBON for its response. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the SEBON was issuing license for additional stock brokers against a written instruction from the committee, Padam Giri demanded investigations into the matter.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Recommendation by the subcommittee under the Finance Committee about issuing license for a new stock exchange has not been followed. License for stock brokers has been issued the same day after the committee wrote to the SEBON. Question about transparency in the issuance of license has been raised," he said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17889', 'image' => '20230613113254_Sebon-update.jpg', 'article_date' => '2023-06-13 11:32:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18158', 'article_category_id' => '1', 'title' => 'HoR Passes Appropriation Bill ', 'sub_title' => '', 'summary' => 'June 13: The House of Representatives (HoR) on Monday passed a proposal tabled before the HoR meeting seeking the passage of the Appropriation Bill 2080. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 13: The House of Representatives (HoR) on Monday passed a proposal tabled before the HoR meeting seeking the passage of the Appropriation Bill 2080. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Finance Dr Prakash Sharan Mahat had tabled the motion in the meeting of the HoR. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Following HoR approval of the motion, HoR Speaker Devraj Ghimire informed the House that the ministry-wise discussions on the annual budget shall continue from June 15 to 27. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, Minister for Finance Dr Mahat responded to the concerns raised by the HoR members on the upcoming year's budget and said that the budget was formulated to uplift the living standards of the citizens, create employment and promote industrial environment in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said that the budget has been allocated in health care, education, infrastructure development and to maintain law and order as well as good-governance. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dr Mahat also made it clear that the budget has been allocated for health insurance scheme, treatment of chronic patients and backward region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The finance minister was of the view that the budget is focused on increasing production and economic growth of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, taking part on the discussions on the bill, UML lawmaker Gokarna Bista argued that the budget has no clear pronouncement to those economically underprivileged and vulnerable communities. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">MP Santosh Pariyar pointed out that the budget was weak in maintaining intergovernmental coordination. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bishwa Prakash Sharma, Ranju Kumari Jha and Ambar Bahadur Thapa said that the budget should focus on its implementation part. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The next meeting of the HoR has been scheduled for 11:00 am on June 15. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17888', 'image' => '20230613110416_Parliament RSS 800.jpg', 'article_date' => '2023-06-13 11:03:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18157', 'article_category_id' => '1', 'title' => 'Green Tyre Launches Production of 'Delta' Brand Tyres for TVS NTORQ Scooters', 'sub_title' => '', 'summary' => 'Nepali tyre manufacturer Green Tyre has started producing the 'Delta' brand of tyres for TVS NTORQ scooters. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">June 13: Nepali tyre manufacturer Green Tyre has started producing the 'Delta' brand of tyres for TVS NTORQ scooters. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The company claims that the 100-80-12 Dyaas and 110-80-12 Dyaas sizes of these tyres are of high quality and cost-effective. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The design of these tires has been specifically engineered to suit the rough conditions of Nepali roads, offering dry and wet grip as well as easy maneuverability on off-road terrain.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The company also mentions that these tyres reduce fuel consumption due to their low rolling resistance. Bikas Singhania, the company's manager, stated that the increasing number of TVS NTORQ scooter users in the Nepali market has led the company to focus on tyre production for these scooters. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Currently, the company produces 2,50,000 units of tyres annually. It employs 120 workers.</span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17887', 'image' => '20230613061026_collage (19).jpg', 'article_date' => '2023-06-13 06:08:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18172', 'article_category_id' => '1', 'title' => 'Banks Decide not to Lower Interest Rates in mid-June to mid-July', 'sub_title' => '', 'summary' => 'June 14: Although the liquidity has eased in the banks and financial institutions (BFIs), the interest rates will be kept unchanged. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">June 14: Although the liquidity has eased in the banks and financial institutions (BFIs), the interest rates will be kept unchanged. Nepal Bankers Association (NBA), the umbrella organization of commercial banks, decided to maintain the same interest rate in the month of Asar (mid-June to mid-July) as in the previous month (mid-April to mid-June).</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">After strong opposition to the interest rate, NBA decided to lower the interest rate to single digit in mid-April. Ever since, the maximum interest rate on personal term deposits is 9.99 percent, for institutional depositors is 7.99 percent and for ordinary savings is 5.4 to 7.4 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Earlier, in mid-December, the maximum interest rate of fixed deposits in commercial banks had reached 12.33 percent. With the increase in inflow of remittance, deposits in banks increased and the liquidity crisis eased. This prompted banks to reduce the interest rates. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nepal Rastra Bank (NRB) also reduced the bank rate through the review of monetary policy. Liquidity piled up in banks due to the lack of credit flow compared to the increase in deposits.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data of NRB, the average credit-deposit ratio (CD ratio) of banks dropped to 84.40 percent by Monday. Banks are allowed to give loans by maintaining a CD ratio of up to 90 percent, so they have the ability to provide additional loans of more than Rs 300 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As of Monday, the total deposits in the banking system stood at Rs 5537 billion. This is Rs 3 billion more than the previous day. Although deposits in the banking system have been continuously increasing, credit flow has not increased in the same ratio. As of Monday, the total disbursement of BFIs stood at Rs 4853 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As liquidity in the banking system increased, interbank interest rates also decreased. On Sunday, the average interest rate of interbank transactions was 6.21 percent, but on Monday it decreased to 6.18 percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, the interest rate of treasury bills, the government's short-term bond, is also gradually decreasing. On Monday, the average interest rate of 28-day treasury bills fell to 7.003 percent. Similarly, the average interest rate has been maintained at 8.13 percent for 91-day T-bills, 8.04 percent for 182-day T-bills and 8.14 percent for T-bills with maturity period of 364 days. Last week, the average interest rate of 28-day treasury bills was 7.35 percent, 91-day T-bills was 8.68 percent, 182-day T-bills was 8.71 percent and 364-day T-bills was 8.33 percent. Banks reduced the interest rate and invested in the treasury bills after they were unable to expand credit flow.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17902', 'image' => '20230614025709_Banks - Copy.jpg', 'article_date' => '2023-06-14 14:56:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18171', 'article_category_id' => '1', 'title' => 'Long and Medium-Haul Vehicles to Operate from New Bus Park from June 16', 'sub_title' => '', 'summary' => 'June 14: Long and medium-distance vehicles heading outside the Kathmandu Valley will operate their services from Gongabu-based New Bus Park, effective from June 16.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">June 14: Long and medium-distance vehicles heading outside the Kathmandu Valley will operate their services from Gongabu-based New Bus Park, effective from June 16.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Organizing a press conference in the capital on Tuesday, the Microbus and Jeep Coordination Committee said vehicles, which are being operated from different places of Kathmandu, will now be operated from the New Bus Park.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The committee Coordinator Rajendra Acharya said that they have decided to operate jeeps and microbuses from the New Bus Park in accordance with the decision of the Kathmandu Metropolitan City (KMC). The KMC had on June 2 urged the stakeholders to operate all kinds of vehicles traveling outside the Kathmandu Valley from the New Bus Park.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We are ready to implement the decision of the local government. The KMC should strictly ask all bodies concerned to implement the decision. We are ready to support KMC," Acharya said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Long-haul transportation services, especially those involving microbuses and jeeps, are currently in operation by setting up counters at different places including Sundhara, Balkhu, Kalanki, Balaju, Machhapokhari, Gongabu and Koteshwar.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Acharya urged passengers to get tickets from the counters located at the bus park. He also requested the KMC to make arrangements for 'pick-up and drop' for a certain period of time in the previous places for the convenience of the passengers while operating the microbus and jeep services from the New Bus Park. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prior to this, the government had implemented similar rules for night buses in late December.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the decision, all night buses leaving the Kathmandu Valley with passengers for their destinations have get off from the New Bus Park in Gongabu and should also be parked at the bus park. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Senior Superintendent of Police Rajendra Prasad Bhatta, the move is aimed at reducing road accidents and traffic jams. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The parking lot at the New Bus Park has the capacity of parking more than 2,000 vehicles at a time. The Bus Park which spans across 161 ropanis of land was constructed in 2056 BS under the public private partnership. Passenger buses leave the Bus Park for more than 60 districts. -- RSS</span></span></p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17901', 'image' => '20230614014219_20221222061246_Transport.jpg', 'article_date' => '2023-06-14 13:41:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18170', 'article_category_id' => '1', 'title' => 'Connectivity a Must to Expand Interregional Trade: FNCCI President Dhakal ', 'sub_title' => '', 'summary' => 'June 14: Federation of Nepalese Chamber of Commerce and Industry (FNCCI) President Chandra Prasad Dhakal has underscored the need to construct quality infrastructures to promote interregional trade and investment among the BIMSTEC nations. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 14: Federation of Nepalese Chamber of Commerce and Industry (FNCCI) President Chandra Prasad Dhakal has underscored the need to construct quality infrastructures to promote interregional trade and investment among the BIMSTEC nations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dhakal said so while addressing a special session on 'International Trade Forum: Opportunities and Barriers' under the BIMSTEC Business Conclave that kicked off in Kolkata, India on Tuesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a press statement issued by the FNCCI on Tuesday, Dhakal emphasized good road connectivity, waterways and railway connectivity among the BIMSTEC member nations to augment interregional and intra-regional trade and investment in the regional forum of seven nations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Bay of Bengal Initiatives for Multi-Sectoral Technical and Economic Cooperation (BIMSTC) has Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand as its member nations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dhakal also spoke of the need to increase joint investment from the BIMSTEC member nations to enhance air connectivity as well as digital connectivity, improve infrastructures network and build new physical infrastructures, added the statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that it was necessary to increase physical infrastructures such as road and ports for easy transportation, he said that the BIMSTEC nations could make joint efforts for the development and up-gradation of infrastructures to support the development of the regional value chain. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, development of infrastructures related to power production, power trade and promotion of cross-border energy cooperation could support the development of industries needing excessive energy in regional value chain. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"For instance, Nepal, Bangladesh and India are working in the transmission lines to export surplus energy from Nepal to Bangladesh via India. Likewise, surplus energy could be exported to other BIMSTEC member countries and beyond," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also pointed out the need for the BIMSTEC to consider removing and reducing various non-tariff barriers on trade so as to ease off investment and trade in the BIMSTEC region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also called for the BIMSTEC countries to implement necessary policy and procedural changes in investment policy, trade policy, custom process among others to create enabling environment for regional value chain and promote intra-regional trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The liberal trade policy adopted by the BIMSTEC countries would further facilitate bilateral and multilateral trade among the member nations. Nepal could reap benefit from exemption or reduction of taxes on its exports thereby increasing trade volume and diversifying exports," he viewed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He opined that the regional connectivity and trade agreement would attract more Foreign Direct Investments. He also proposed to establish BIMSTEC Business Forum to promote interregional trade and investment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The BIMSTEC Business Conclave 2023 is organized by the Indian Chamber of Commerce supported by the Ministry of External Affairs. It is a three-day event that commemorates 25 years of establishment of the BIMSTEC. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17900', 'image' => '20230614120536_20230416030406_Chandra-Dhakal.jpg', 'article_date' => '2023-06-14 12:04:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18169', 'article_category_id' => '1', 'title' => 'NAC Launches Commercial Flights to and from Gautam Buddha Int’l Airport', 'sub_title' => '', 'summary' => 'June 14: Nepal Airlines Corporation (NAC), the flag carrier of Nepal, has launched commercial flight to and from Bhairahawa-based Gautam Buddha International Airport (GBIA) almost a year after the airport came into operation.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 14: Nepal Airlines Corporation (NAC), the flag carrier of Nepal, has launched commercial flight to and from Bhairahawa-based Gautam Buddha International Airport (GBIA) almost a year after the airport came into operation.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NAC’s 158-seater aircraft landed at the airport at 9:45 am on Tuesday carrying 90 passengers from Malaysia. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Joint-Spokesperson for the Nepal Airlines Corporation, Ganesh Kumar Ghimire, said the aircraft took off for Kathmandu after dropping off 31 passengers at the airport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Culture, Tourism and Civil Aviation, Sudan Kirati, and Minister of State for Tourism, Sushila Sirpali, were there to welcome the passengers in Bhairahawa as it was the first commercial flight of NAC to the airport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Inaugurating the NAC’s commercial flight at the airport, Minister Kirati said it was challenging to give continuity to commercial flights in Bhairahawa. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said efforts from the both the government and the private sector were necessary for the continuation of the service. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Kirati asked authorities concerned to lay emphasis on publicity for effective operation and marketing of Nepal Airlines in the coming days. He mentioned that efforts were underway to operate flights to other destinations including New Delhi from GBIA. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Tourism Minister further said it was necessary to buy new aircraft to operate the NAC in a fully commercial manner and to provide air service to people of remote areas. He added that the government was in a process to purchase aircraft in a transparent manner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Minister of State Sirpali said the government has given top priority to the need of regular operation of airport as it was constructed with the aim of promoting the identity and heritage of Lumbini Province globally. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that questions were raised from many quarters about irregular operation of flights, she said that the main reason behind irregular flights was political instability. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, former Minister and federal lawmaker from Rupandehi-3, Deepak Bohora advised the government to make a policy that every companies operating international flights from Tribhuvan International Airport has to operate one flight each at Bhairahawa. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The then Prime Minister Sher Bahadur Deuba had inaugurated the airport on May 16, 2022. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17899', 'image' => '20230614110827_RB_Bhairahawa-IMG_2949.jpg', 'article_date' => '2023-06-14 11:07:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18168', 'article_category_id' => '1', 'title' => 'Over 6,000 Seized Weapons Destroyed in Kathmandu', 'sub_title' => '', 'summary' => 'A total of 6,268 set of weapons that were seized, received, recovered or found stray over various period of time and places were destroyed in accordance with the law.', 'content' => '<p><span style="font-size:18px">June 14: A total of 6,268 set of weapons that were seized, received, recovered or found stray over various period of time and places were destroyed in accordance with the law.</span></p> <p><span style="font-size:18px">Among the destroyed weapons were 6,189 set of countryside gun and 64 set of pistols. Names of 13 weapons would not be ascertained, according to the Nepal Police. </span></p> <p><span style="font-size:18px">The weapons were destroyed by Nepal Police Special Taskforce in Kapan in the witness of Additional Inspector General (AIG) of the Nepal Police, representatives of the Ministry of Home Affairs, District Administration Office, Kathmandu among other concerned authorities, said Spokesperson of the Nepal Police Kuber Kadayat. </span></p> <p><span style="font-size:18px">The weapons were destroyed as per the directives to manage arms and ammunition as well as explosive materials. A technical team led by AIG Meera Chaudhary after conducting studies of the seized weapons had decided to recommend destroying such weapons in line with the prevailing law. (RSS) </span></p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17898', 'image' => '20230614061052_collage (22).jpg', 'article_date' => '2023-06-14 06:09:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18167', 'article_category_id' => '1', 'title' => 'Eighth Kantipur-HISSAN Education Fair to Kick off on June 15', 'sub_title' => '', 'summary' => 'The Eighth Kantipur-HISSAN (Higher Institutions and Secondary Schools' Association Nepal) Education Fair-2023 is scheduled to take place from June 15 at Bhrikuti Mandap Exhibition Hall in Kathmandu.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 14: The Eighth Kantipur-HISSAN (Higher Institutions and Secondary Schools' Association Nepal) Education Fair-2023 is scheduled to take place from June 15 at Bhrikuti Mandap Exhibition Hall in Kathmandu. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">With its inspiring motto "Excellent Education in Nepal," this four-day fair aims to inform and guide students who have recently completed their higher secondary exams and are eagerly awaiting their results.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The fair serves as a comprehensive platform, offering invaluable information about various educational institutions and a wide range of courses. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As an increasing number of students are drawn towards pursuing higher education abroad, this event showcases the best colleges and educational opportunities available within the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Tanka Raj Acharya, the fair coordinator, emphasized the festival's significance in providing easy access to essential information about courses and colleges at home.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As many as 75 esteemed educational institutions from across the nation, affiliated with universities such as Kathmandu University, Pokhara University, Purbanchal University, Mid-West University, and the Council for Technical Education and Vocational Training, are participating in the fair. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The fair organizers anticipate arrivals of over 200,000 visitors, including eager students, parents, and education enthusiasts.</span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">To make this event even more accessible, the fair management has decided to waive entry fees, ensuring that everyone can benefit from this unparalleled educational experience. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Moreover, scholarships, both full and partial, have been thoughtfully arranged for more than 1,000 deserving students, further emphasizing the fair's commitment to making quality education more accessible to all.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-14', 'modified' => '2023-06-14', 'keywords' => '', 'description' => '', 'sortorder' => '17897', 'image' => '20230614055408_collage (21).jpg', 'article_date' => '2023-06-14 05:51:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18166', 'article_category_id' => '1', 'title' => 'National Coffee Conference and Exhibition-2080 on June 17-20', 'sub_title' => '', 'summary' => 'The Nepal Coffee Entrepreneurs' Federation (NCEF) has announced its plans to organize a national coffee conference and exhibition, 2080. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 13: The Nepal Coffee Entrepreneurs' Federation (NCEF) has announced its plans to organize a national coffee conference and exhibition, 2080. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The event, in collaboration with the Ministry of Industry, Commerce and Supplies, Ministry of Agriculture and Livestock, and the National Tea and Coffee Development Board, will be held in the federal capital, Kathmandu, from June 17 to 20.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">During a press conference held in Kathmandu on Monday, the NCEF unveiled its intentions to promote both domestic and foreign markets for coffee produced in Nepal through this grand event. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The exhibition, showcasing a wide range of coffee products, is expected to play a pivotal role in the growth and development of the coffee industry.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The conference will serve as a platform for national and international experts to engage in discussions about national policies and laws that contribute to the promotion of coffee. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The gathering will witness the participation of coffee producers, promoters, entrepreneurs, implement producers, and exporters, fostering fruitful interactions and networking opportunities. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, the conference will host competitions in various coffee-related categories, with winners being recognized and awarded for their outstanding contributions.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17896', 'image' => '20230613051237_collage (26).jpg', 'article_date' => '2023-06-13 17:11:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18165', 'article_category_id' => '1', 'title' => 'NEPSE Index Surpasses 2,000 Points; Turnover Exceeds Rs 4 Billion', 'sub_title' => '', 'summary' => 'The stock market continues to attract investors as the Nepse index keeps climbing. Over the course of the last six consecutive days, the index has witnessed a remarkable growth of 6.1 percent, crossing the significant threshold of 2,000 points.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 13: The stock market continues to attract investors as the Nepse index keeps climbing. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Over the course of the last six consecutive days, the index has witnessed a remarkable growth of 6.1 percent, crossing the significant threshold of 2,000 points.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Nepal Bankers' Association (NBA) has decided to maintain a stable interest rate on deposits for the month of Asar. As the base rate declines, it is expected that loan interest rates will follow suit. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">This encouraging development has further fueled investors' enthusiasm in the stock market, resulting in a surge in both turnover amount and the benchmark index.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Seasoned investors and experts suggest that the bearish trend, which persisted for nearly 22 months, has finally come to an end. They advise investors to carefully analyze the fundamental aspects of companies before making investment decisions.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The NEPSE index closed at 2,020.64, recording a gain of 34.17 points, or 1.72%, compared to the previous trading day. A total of 270 scrips were traded through 70,759 transactions, with a substantial turnover amount of Rs 4.12 Arba. This marks a significant increase from the previous day's turnover of Rs 2.88 Arba and represents the highest turnover in nearly 5 months.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The stock with the highest trading volume and turnover was SHIVAM CEMENTS LTD (SHIVM), with a turnover of Rs 27.66 crores and a closing market price of Rs 506.50 per share. Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) experienced the highest gain of 10% and hit the positive circuit for the day. Conversely, Prabhu Smart Fund (PRSF) incurred the highest loss of 3.93% during today's trading session.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">All sector indices closed in the green zone, with the "Manufacturing and Processing" sector witnessing the highest gain of 4.32%, while the "Banking" sector observed the least gain of 0.61%.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The sensitive index registered a growth of 1.75%, the Float index increased by 1.71%, and the Sensitive Float Index climbed by 1.89%.</span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17895', 'image' => '20230613043401_collage (25).jpg', 'article_date' => '2023-06-13 16:32:40', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18164', 'article_category_id' => '1', 'title' => 'DoTM Proposes Classifying Taxis into Three Categories, Fares to go up 100 Percent', 'sub_title' => '', 'summary' => 'June 13: The government is making preparations to classify the vehicles used as taxis into three categories.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 13: The government is making preparations to classify the vehicles used as taxis into three categories.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Department of Transport Management (DoTM) has issued a draft of the 'Standards for Vehicles Used as Taxis, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">' to classify taxis. The department has requested one and all to send advice, suggestions and feedbacks through email and Facebook page regarding the draft by June 19.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the draft, taxis will now be classified into three categories: ordinary, deluxe and luxury cabs. The department is preparing to classify the taxis according to their size, capacity and available facilities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">An ordinary taxi should have a minimum engine capacity of eight hundred cc or more. In case of an electric vehicle, the minimum ratio between the energy stored in the battery (kilowatt hours) and the total weight of the vehicle (kg) should be 0.012</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Such taxis should have at least sound system (speaker) in the front and back of the vehicle for entertainment.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A deluxe taxi should have a minimum engine capacity of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,200</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc or more. In case of an electric vehicle, the minimum ratio between the energy stored in the battery (kilowatt hours) and the total weight of the vehicle (kg) should be 0.019</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It has been proposed that such taxis should have a sound system (speaker), at least one display with a touch screen, a window that opens and closes with an electric switch, an automatic air conditioning system, and a rear reading lamp.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the draft, luxury taxis should have a minimum engine capacity of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc or more. In case of electric vehicles, the minimum ratio between the energy stored in the battery (kilowatt hours) and the total weight of the vehicle (kg) should be 0.025</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This class of taxis should have a sound system (speaker) in front of the vehicle for entertainment, a display with at least two "touch screens" for the back row of the vehicle, windows that can be opened and closed by an electric switch, and automatic environment control with air quality control. Also, WiFi internet facility, 'head rest', 'cup holder', 'reading lamp', 'DC or AC power outlet for charging mobiles and electronic equipment' should be available for the front and back of the taxi.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The classified taxis must have vehicle markings to show the class. An ordinary taxi should have an 'O' mark on the upper corner of the front window towards the driver’s seat, on the rear right and left door glass and on the right side corner of the rear window. In the same way, deluxe taxis should have the mark 'D' and 'L' for luxury taxis. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Also, taxis should have lights on the roof. According to the draft, the light should be green when the taxi is empty, red when the vehicle is occupied, and white when the vehicle is not in service or off duty. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Also, every taxi will have to install a digital fare meter with a printer and a GPS navigation system with a display.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The department has also proposed fares according to the classification of the taxis. In case of an ordinary taxi, the fare rate set by the government of Nepal will remain the same, while the fare of deluxe taxis will be </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent higher than the ordinary ones. In addition, the department has proposed a hundred percent or double the fare for luxury taxis than the fare of ordinary taxis.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17894', 'image' => '20230613021440_1686639548.Taxi.jpg', 'article_date' => '2023-06-13 14:14:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18163', 'article_category_id' => '1', 'title' => 'Government Employees Banned from Making TikTok Video during Office Hours ', 'sub_title' => '', 'summary' => 'June 23: Civil servants making TikTok videos during office time will face action. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 23: Civil servants making TikTok videos during office time will face action. The Ministry of Federal Affairs and General Administration issued a notice on Monday warning of action if any civil servant is found making TikTok videos during office hours.</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"">Making TikTok videos in prescribed dress code, using office vehicles and within the premises of the respective office has been banned, said joint secretary and spokesperson for the ministry Kamal Prasad Bhattarai. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have also directed government employees not to make TikTok video even about activities related to office work. Or else, disobedient employees will face punishment for not maintaining discipline and violating such rule," he said. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The initiative follows complaints about government employees doing 'indecent activities' in TikTok lately, according to the ministry. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17893', 'image' => '20230613021341_min.jpg', 'article_date' => '2023-06-13 14:12:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18162', 'article_category_id' => '1', 'title' => 'First-ever Women Entrepreneurs' Industrial Village to be Set up in Panchkhal ', 'sub_title' => '', 'summary' => 'June 13: The country’s first-ever women entrepreneurs' special industrial village is to be set up in Paanchkhal of Kavrepalanchowk district.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 13: The country’s first-ever women entrepreneurs' special industrial village is to be set up in Paanchkhal of Kavrepalanchowk district. The proposed industrial village aims to develop entrepreneurship among women institutionally and is going to be established in public private partnership model. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Such industrial villages is expected to contribute to job creation by operating micro, cottage, small and medium scale enterprises through optimization of local resources, raw materials and technology. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The South Asian Forum for Women Development is going to collaborate with the Ministry of Industry, Commerce and Supplies and Panchkhal Municipality towards that end. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A cabinet meeting held on June 7 had decided to convert the existing industrial village in Panchkhal Municipality into a special industrial village for women entrepreneurs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Organising a press conference on Monday, the forum's President Pramila Acharya remarked that the establishment of the industrial park was a positive development for women entrepreneurs and for green economy and spoke of the need to roll out Green Industry Park Act to expand such natural parks in the other six provinces. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">She also pressed for prompt implementation of such projects and programmes so as to create enabling environment for women entrepreneurs running small and medium scale enterprises. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Acharya also pointed out the need for the state to increase women's role in national economy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The proposed Industrial village will be the first in the country and second in South Asia, it was shared during the press meet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A total of 50 small scale industries related to agricultural production and tourism-centred services would be established in the industrial village. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17892', 'image' => '20230613020926_industrial village.jpg', 'article_date' => '2023-06-13 14:08:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18160', 'article_category_id' => '1', 'title' => 'Heat Wave to Continue in Tarai for Next Five Days', 'sub_title' => 'Temperature to Rise Across the Nation ', 'summary' => 'June 13: The Weather Forecasting Division has predicted heat wave in the Tarai belt of Nepal for the next five days. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 13: The Weather Forecasting Division has predicted heat wave in the Tarai belt of Nepal for the next five days. The division has urged the people to adopt preventive measures to save themselves from the heat wave. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a special bulletin, the division mentioned that current status and analysis of temperature show most of the parts in Tarai region will see gradual rise on both maximum and minimum temperatures. So, necessary precaution is essential, it added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The heat wave is called 'loo' when the temperature rises above 40 degrees Celsius. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, even the hill area and valleys will see rise in temperature. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Weather Forecasting Division appealed to all to stay updated on the information and notices it issues periodically on the latest weather events. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Most of the places in country have seen rise in both maximum and minimum temperatures for some days. The Tarai belt recorded temperature of more than 40 degrees Centigrade. The division warned that the heat wave can cause fatigue, weakness, thirst, headache, muscle cramp, dizziness, muscle pain and vomiting. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It has further suggested the people to stay indoors, in cool places, wear cotton clothes, cover head while walking outside, and increase juice and water intake to avoid the effects of heat wave. In case of health problems, consultation with health workers and medical persons has been suggested. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Currently, Nepal is undergoing through a partial effect of the Westerly wind and of low pressure system of Bihar, India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, light to moderate rainfall has been predicted in some places of Koshi, Madhes and Bagmati provinces. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The minimum temperature in the Kathmandu Valley has been recorded at 18.8 degrees Celsius while the maximum temperature was 29 degrees Celsius. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17890', 'image' => '20230613125109_20230608120737_Untitled.jpg', 'article_date' => '2023-06-13 12:50:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18159', 'article_category_id' => '1', 'title' => 'Parliamentary Committee to Seek Response from SEBON on Issuance of Stock Exchange License', 'sub_title' => '', 'summary' => 'June 13: The Finance Committee of the House of Representatives is set to seek response from the Securities Board of Nepal (SEBON) on the process of issuing license for a new stock exchange and stock brokers. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 13: The Finance Committee of the House of Representatives is set to seek response from the Securities Board of Nepal (SEBON) on the process of issuing license for a new stock exchange and stock brokers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Finance Committee on Monday decided to call the officials of SEBON for a deliberation on the issue and seek its response, said Santosh Chalise, who chairs the committee as the senior-most member. The process of issuing a license for a new stock exchange has been now been halted following the government's direction. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The subcommittee under the Finance Committee has submitted a report after carrying out a study on the stock market. It has been decided to call the SEBON to discuss the matter of issuing license for a new stock exchange and brokers and its implementation," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier on May 21, the Finance Committee wrote to the SEBON seeking details of the process for issuing license for a new stock exchange and stock brokerage firms, and the situation of the implementation of the suggestion report prepared by the committee. Following this, the SEBON responded to the committee on May 26. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During Monday’s meeting, lawmakers put their view of calling the SEBON for its response. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the SEBON was issuing license for additional stock brokers against a written instruction from the committee, Padam Giri demanded investigations into the matter.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Recommendation by the subcommittee under the Finance Committee about issuing license for a new stock exchange has not been followed. License for stock brokers has been issued the same day after the committee wrote to the SEBON. Question about transparency in the issuance of license has been raised," he said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17889', 'image' => '20230613113254_Sebon-update.jpg', 'article_date' => '2023-06-13 11:32:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18158', 'article_category_id' => '1', 'title' => 'HoR Passes Appropriation Bill ', 'sub_title' => '', 'summary' => 'June 13: The House of Representatives (HoR) on Monday passed a proposal tabled before the HoR meeting seeking the passage of the Appropriation Bill 2080. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 13: The House of Representatives (HoR) on Monday passed a proposal tabled before the HoR meeting seeking the passage of the Appropriation Bill 2080. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Finance Dr Prakash Sharan Mahat had tabled the motion in the meeting of the HoR. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Following HoR approval of the motion, HoR Speaker Devraj Ghimire informed the House that the ministry-wise discussions on the annual budget shall continue from June 15 to 27. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, Minister for Finance Dr Mahat responded to the concerns raised by the HoR members on the upcoming year's budget and said that the budget was formulated to uplift the living standards of the citizens, create employment and promote industrial environment in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said that the budget has been allocated in health care, education, infrastructure development and to maintain law and order as well as good-governance. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dr Mahat also made it clear that the budget has been allocated for health insurance scheme, treatment of chronic patients and backward region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The finance minister was of the view that the budget is focused on increasing production and economic growth of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, taking part on the discussions on the bill, UML lawmaker Gokarna Bista argued that the budget has no clear pronouncement to those economically underprivileged and vulnerable communities. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">MP Santosh Pariyar pointed out that the budget was weak in maintaining intergovernmental coordination. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bishwa Prakash Sharma, Ranju Kumari Jha and Ambar Bahadur Thapa said that the budget should focus on its implementation part. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The next meeting of the HoR has been scheduled for 11:00 am on June 15. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17888', 'image' => '20230613110416_Parliament RSS 800.jpg', 'article_date' => '2023-06-13 11:03:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18157', 'article_category_id' => '1', 'title' => 'Green Tyre Launches Production of 'Delta' Brand Tyres for TVS NTORQ Scooters', 'sub_title' => '', 'summary' => 'Nepali tyre manufacturer Green Tyre has started producing the 'Delta' brand of tyres for TVS NTORQ scooters. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">June 13: Nepali tyre manufacturer Green Tyre has started producing the 'Delta' brand of tyres for TVS NTORQ scooters. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The company claims that the 100-80-12 Dyaas and 110-80-12 Dyaas sizes of these tyres are of high quality and cost-effective. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The design of these tires has been specifically engineered to suit the rough conditions of Nepali roads, offering dry and wet grip as well as easy maneuverability on off-road terrain.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The company also mentions that these tyres reduce fuel consumption due to their low rolling resistance. Bikas Singhania, the company's manager, stated that the increasing number of TVS NTORQ scooter users in the Nepali market has led the company to focus on tyre production for these scooters. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Currently, the company produces 2,50,000 units of tyres annually. It employs 120 workers.</span></span></span></p> ', 'published' => true, 'created' => '2023-06-13', 'modified' => '2023-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '17887', 'image' => '20230613061026_collage (19).jpg', 'article_date' => '2023-06-13 06:08:50', '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
