June 6: General discussion on the government's annual estimate of revenue and expenditure (budget) for the fiscal year (FY) 2023/24 has started in the House of Representatives. …
June 6: General discussion on the government's annual estimate of revenue and expenditure (budget) for the fiscal year (FY) 2023/24 has started in the House of Representatives. …
June 6: The Nepalese Army has collected a total of 35,700 kgs of garbage under the Clean Mountain Campaign this year.…
The Securities Board of Nepal (SEBON) has decided to grant broker licenses to an additional 11 companies. According to the board's spokesperson, Mukti Shrestha, 11 more companies that have fulfilled the prerequisites as per the Securities Dealers (Stock Broker, Securities Dealer and Market Maker) Regulations, 2064 (2008) will be awarded broker…
June 5: Banks that have been aggressively expanding their business by increasing their capital through mergers and acquisitions have started to experience pressure on their primary…
The Nepal Stock Exchange(NEPSE), which saw a rise of 53 points on Sunday, decreased on Monday. The market witnessed a correction after the traders booked their profits in the market.…
June 5: One to Watch, an investment management company, has announced the launch of its business upliftment plan for integrated local development (BUILD), a programme designed to support small and medium enterprises (SMEs) in Suryabinayak Municipality for local economic…
June 5: The construction entrepreneurs have protested saying that the demand of the construction sector has not been addressed through the budget of the next fiscal year (FY 2023/24).…
June 5: The government is preparing to open new destinations for foreign…
June 5: There is an object that looks like a 'statue' of a person covered in gold on the shore of Fewa Lake.…
June 5: The fourth edition of the Himalayan Travel Mart is scheduled to be held in Kathmandu from June 6 to 9.…
June 5: Nepal Rastra Bank (NRB)’s Governor Maha Prasad Adhikari has said that Nepali students studying in India will no longer face problems once the Nepal-India cross border transaction comes into…
June 5: Nepal’s travels agencies that have been selling international air tickets through Global Distribution System (GDS) were hacked…
he Government of Nepal is set to receive 15 Murrah buffalo bulls from the Government of India, which will be utilized for crossbreeding purposes through artificial insemination. This initiative aims to enhance milk production in Nepal by implementing crossbreeding techniques on a significant scale of up to 100,000…
The construction work of the ancient pond 'Kamalpokhari' located in Patihani has started at Bharatpur Municipality Ward No. 22. With an estimated cost of NPR 4.5 million, this pond is set to be completed next year, targeting Bharatpur Visit…
June 4: The 'PATA Annual Summit and Adventure Travel Mart 2023' organized by the Pacific Asia Travel Association (PATA), an umbrella organization of travel associations in the Asia Pacific region, concluded in the lake city of Pokhara on…
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 6: General discussion on the government's annual estimate of revenue and expenditure (budget) for the fiscal year (FY) 2023/24 has started in the House of Representatives. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the lower house meeting on Monday, Finance Minister Dr Prakash Sharan Mahat presented a proposal to begin general discussion on the new fiscal year’s budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Members of Parliament taking part in the discussion expressed their views on the budget from their respective party’s perspective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Minister Dr Mahat had presented the budget for the FY 2023/24 at a joint meeting of the Federal Parliament on May 29. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-06-06', 'modified' => '2023-06-06', 'keywords' => '', 'description' => '', 'sortorder' => '17824', 'image' => '20230606113758_Parliament RSS 800.jpg', 'article_date' => '2023-06-06 11:36:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18092', 'article_category_id' => '1', 'title' => 'Army Collects Over 35,000 Kilograms of Garbage under Clean Mountain Campaign', 'sub_title' => '', 'summary' => 'June 6: The Nepalese Army has collected a total of 35,700 kgs of garbage under the Clean Mountain Campaign this year. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">June 6: The Nepalese Army has collected a total of 35,700 kgs of garbage under the Clean Mountain Campaign this year. The campaign was conducted on Mt Everest (Sagarmatha), Lhotse, Annapurna and Barunche for 55 days starting the first week of April.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">On the occasion of the successful completion of the campaign, Chief of Army Staff Prabhuram Sharma presented letters of appreciation to the team leader and Sherpas involved in the campaign. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">At the closing ceremony of the campaign held on Monday at the NA headquarters, CoAS Sharma also announced that the NA will sponsor the education cost of the children of Phurba Sherpa and Angkami Sherpa, who died while returning from the mountain summit during the clean-up campaign. Four of the six people who fell ill during the campaign are currently undergoing treatment in Mumbai, India.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">At the program, CoAS Sharma thanked all those involved in the campaign for completing the task of garbage collection and climbing even in difficult and adverse conditions. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Secretary at the Ministry of Culture, Tourism and Civil Aviation, Suresh Adhikari, stressed on the need to give continuity to the campaign to protect the sustainability of nature and environment.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The army initiated the Clean Mountain Campaign in 2019 and has collected 190 tons of garbage from different mountains.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-06', 'modified' => '2023-06-06', 'keywords' => '', 'description' => '', 'sortorder' => '17823', 'image' => '20230606110117_1 (3).JPG', 'article_date' => '2023-06-06 11:00:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18091', 'article_category_id' => '1', 'title' => 'Eleven More Companies including One Stock Dealer Granted Broker Licenses', 'sub_title' => '', 'summary' => 'The Securities Board of Nepal (SEBON) has decided to grant broker licenses to an additional 11 companies. According to the board's spokesperson, Mukti Shrestha, 11 more companies that have fulfilled the prerequisites as per the Securities Dealers (Stock Broker, Securities Dealer and Market Maker) Regulations, 2064 (2008) will be awarded broker licenses.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 6: The Securities Board of Nepal (SEBON) has decided to grant broker licenses to an additional 11 companies. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">According to the board's spokesperson, Mukti Shrestha, 11 more companies that have fulfilled the prerequisites as per the Securities Dealers (Stock Broker, Securities Dealer and Market Maker) Regulations, 2064 (2008) will be awarded broker licenses.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Among them, Nabil Securities Limited, with a paid-up capital of Rs. 1.5 billion, has been granted a dealer's license, while Mega Stock Market Limited, with a paid-up capital of Rs. 600 million, has been granted a license to operate as a full-service securities broker.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Limited securities broker licenses have been granted to several companies with a paid-up capital of Rs. 200 million. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The companies that have been granted broker licenses include Elite Stock House Limited, Infinity Securities Limited, Index Securities Limited, Shubhakamana Securities Pvt. Ltd., Hatemalo Financial Services Pvt. Ltd., Money World Share Exchange Pvt. Ltd., Machhapuchchhre Securities Limited, K.V.L. Securities Limited, and Kalash Stock Market Pvt. Ltd.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The board had received applications for broker licenses from a total of 46 companies. Among the applications, 41 companies had applied to operate as limited securities brokers, four companies as full-service securities brokers, and one company applied for a dealer license. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">However, one company did not meet the qualification criteria, one company was scrapped, and one company withdrew its application. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">According to the SEBON, application of Eagle Stock Equity Private Limited, which applied to operate as a limited securities broker, failed to meet the criteria as it was not submitted in the prescribed format. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The application of NIC Asia Securities Company, which applied to operate as a limited securities broker, was scrapped. Additionally, Century Stock Broker Limited, which initially applied to operate as a full-service securities broker, has withdrawn its application. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Previously, the SEBON had granted the letters of intent to the 43 companies for brokerage licenses. In the first phase, the board had granted broker licenses to seven companies to work as a limited service brokers.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">These seven companies are now preparing to start their services within the same fiscal year and become members of the Nepal Stock Exchange (NEPSE). </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">These companies have already filed their applications for membership with Nepal Stock Exchange to start their services from this year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, an additional 11 companies that were granted broker licenses by the board will also need to acquire NEPSE membership to begin their operations. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> There are still 25 companies out of the 43 that have received letters of intent pending the issuance of broker licenses.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Among the 43 companies that have received letters of intent for brokerage licenses, one is a stock dealer, 39 are limited securities brokers, and three are full-service securities broker companies. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Among the 18 companies that have obtained broker licenses so far, one is a stock dealer, one is a full-service securities broker, and 16 are limited securities broker companies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Out of the 43 companies that have been granted the letters of intent for broker licenses, 12 are subsidiary companies of 'Class A' banks, and 31 are other institutions. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Companies entering the securities market with strong capital will increase market competition, transparency, service levels, and competition in terms of service and pricing, providing confidence to investors, according to the SEBON. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-06', 'modified' => '2023-06-06', 'keywords' => '', 'description' => '', 'sortorder' => '17822', 'image' => '20230606062948_collage (9).jpg', 'article_date' => '2023-06-06 06:26:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '18090', 'article_category_id' => '1', 'title' => 'Banks Demand Issuance of Rights Shares or Bonds to Ease Pressure on Primary Capital', 'sub_title' => '', 'summary' => 'June 5: Banks that have been aggressively expanding their business by increasing their capital through mergers and acquisitions have started to experience pressure on their primary capital.', '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 5: Banks that have been aggressively expanding their business by increasing their capital through mergers and acquisitions have started to experience pressure on their primary capital.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As the capital adequacy ratio of commercial banks started to become less than the limit set by the Nepal Rastra Bank (NRB), they have started to demand the issuance of rights shares or bonds to increase their capital so that they can be counted as primary capital.</span></span></span></span></p> <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 Nepal Rastra Bank, the average capital adequacy ratio of commercial banks in Nepal as of mid-April was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10.16</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. In mid-July last year, this ratio was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10.73</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Banks must maintain a capital adequacy ratio of at least </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. If the capital adequacy ratio is less than specified, the central bank will not allow such banks to distribute dividends. </span></span></span></span></p> <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"">Banks have not been able to expand their business even though the liquidity has eased because of the pressure on the capital adequacy ratio while disbursing loans.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In mid-April, the capital adequacy ratio of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> banks was in single digit. Among them, Prabhu Bank had the lowest at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.61</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. Similarly, Siddharth, NIC Asia and Machhapuchche banks also had a capital adequacy ratio of less than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Laxmi Bank and Sunrise Bank, which are under pressure in terms of capital, have already entered into an agreement for merger and have started the process.</span></span></span></span></p> <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"">Banker Sunil KC said that due to the pressure of capital adequacy ratio on some banks, they have requested the Nepal Rastra Bank through the Nepal Bankers Association for the option of issuing rights share or bonds. "The capital adequacy ratio of all banks is not in a difficult situation though," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">By mid-May of the current fiscal year, commercial banks have extended loans of only Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">123</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.77 billion while collecting deposits of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">299</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion. The average credit-deposit ratio (CD ratio) of banks has fallen to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">86.34</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. However, banks have not extended loans due to the pressure of capital.</span></span></span></span></p> <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"">Ashoke Rana, Chief Executive Officer of Himalayan Bank, said that banks with low primary capital have been asked to make arrangements to issue rights shares. "We have requested banks that are under pressure due to primary capital to issue bonds that are counted as capital," he said, "We are hopeful that this will be addressed through the upcoming monetary policy."</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The central bank has raised the risk weight of personal overdraft and vehicle purchase loans as well as real estate and share mortgage loans to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">150</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent and the risk weight of Trust Receipt (TR) loans to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">120</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. Due to this, the capital adequacy ratio has narrowed down as the risk in the loans of banks have increased.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17821', 'image' => '20230605054400_Banks - Copy.jpg', 'article_date' => '2023-06-05 17:43:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18089', 'article_category_id' => '1', 'title' => 'NEPSE’s Rise Fails to Sustain as Traders Book Profit', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE), which saw a rise of 53 points on Sunday, decreased on Monday. The market witnessed a correction after the traders booked their profits in the market. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">June 5: The Nepal Stock Exchange(NEPSE), which saw a rise of 53 points on Sunday, decreased on Monday. </span></span></span></span><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">The market witnessed a correction after the traders booked their profits in the market. Although the NEPSE index fell, the transaction amount increased compared to Sunday. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">In the bearish market, traders tend to book their profits when the market notices an increase, resulting in a correction in the market in verey three to four days. </span></span></span></span><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">Investors had increased their purchase after the Ministry of Finance finalized the Capital Gains Tax(CGT) at 5% and 7.5% yesterday. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">Experienced investors and experts say that it is common for the market to decrease the day after it rises. They argue that stock market will see a positive move in the near future as liquidity is easing in the banking system and interest rates are going to decrease.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">The NEPSE index closed at 1,901.99 today after losing 17.38 points from the last trading day's closing. This marks a loss of 0.91%. The index gained 53.03 points yesterday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">A total of 277 scrips traded hands via 36,568 transactions. As many as 5,620,381 shares exchanged hands amounting to Rs. 1.97 Arba in turnover amount. This is higher than the last trading day's turnover of Rs. 1.65 Arba.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">SHIVAM CEMENTS LTD (SHIVM) shares traded the most and had the highest turnover of Rs. 19.89 crores closing at a market price of Rs. 465 per share.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">River Falls Power Limited (RFPL) gained the highest 10% and hit the positive for the day.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">Conversely, SHIVAM CEMENTS LTD (SHIVM) lost the highest 4.50% today.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">All sector indices closed red, "Manufacturing and Processing" lost the highest 2.46% while "Mutual Fund" lost the least 0.23% today.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">Moreover, the sensitive index decreased by 0.79%, the float index decreased by 0.89%, and the sensitive float index decreased by 0.68% respectively. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17820', 'image' => '20230605045810_collage (3).jpg', 'article_date' => '2023-06-05 16:55:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18087', 'article_category_id' => '1', 'title' => 'One to Watch Announces Business Upliftment Plan to Support SMEs in Suryabinayak Municipality', 'sub_title' => '', 'summary' => 'June 5: One to Watch, an investment management company, has announced the launch of its business upliftment plan for integrated local development (BUILD), a programme designed to support small and medium enterprises (SMEs) in Suryabinayak Municipality for local economic development.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">June 5: One to Watch, an investment management company, has announced the launch of its business upliftment plan for integrated local development (BUILD), a programme designed to support small and medium enterprises (SMEs) in Suryabinayak Municipality for local economic development.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">Issuing a recent statement, One to Watch (OTW) said it has partnered with Suryabinayak Municipality of Bhaktapur district to launch the BUILD programme. The programme aims to strengthen the capacity of the Suryabinayak Municipality to engage with the private sector and include the socio-economic impact generated by SMEs for an integrated local development process. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">Supported by the Swiss Agency for Development and Cooperation Program (SDC), BUILD will be jointly implemented by One to Watch and Suryabinayak Municipality. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">Under this initiative, small and medium enterprises of Suryabinyak Municipality will get the opportunity to improve their business capacity through the execution of business development services (BDS), added the statement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">The statement further said that the application will be open till the 15th of July 2023. Entrepreneurs and SME founders who have registered their businesses in Suryabinayak Municipality are encouraged to apply and seize the opportunity, added the statement.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">Out of the applicants, 20 selected growth-oriented and scalable businesses will be chosen to receive business development support services. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">“The BDS activities will include but not be limited to master business classes, tailored sales and marketing support, financial and operational management advisory, regulatory compliance consultation, technology-adoption support, business plan development, expert networking opportunities, and fundraising opportunities,” reads the statement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">According to One to Watch, BUILD is highly beneficial for businesses that are seeking advisory and consultation services to uplift their business potential. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">“We recognize the socio-economic impact generated by SMEs, and the program promotes an integrated local development process that benefits both businesses and the community.”</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17818', 'image' => '20230605043623_PR IMG 2.jpg', 'article_date' => '2023-06-05 16:34:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18086', 'article_category_id' => '1', 'title' => 'Construction Entrepreneurs Announce Protest after Budget Fails to Address their Demands', 'sub_title' => '', 'summary' => 'June 5: The construction entrepreneurs have protested saying that the demand of the construction sector has not been addressed through the budget of the next fiscal year (FY 2023/24). ', '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 5: The construction entrepreneurs have protested saying that the demand of the construction sector has not been addressed through the budget of the next fiscal year (FY </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"">23</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"">24)</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"">The Federation of Contractors Association of Nepal (FCAN) has announced that if the government does not address the demand by the June 18, the construction work will be halted across the country and the businessmen will hand over their licenses to the state.</span></span></span></span></p> <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 federation gave this warning in a press conference in Kathmandu on Sunday. On the occasion, the president of the Federation, Ravi Singh, said that the budget did not address the important issues such as contract extension, payment, price adjustment etc. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that the contractors’ patience has run out because the government promises to fulfill its commitments, but does not to implement it in practice. He said that there is no option than to extend the deadline of all the projects by mid-June.</span></span></span></span></p> <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"">FCAN President Singh claimed that the contractors are not responsible for the delay in completing the projects because they failed to meet the deadline due to the state’s weak policies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He accused the government of trying to destroy the country's construction industry. </span></span></span></span></p> <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"">"Contrary to the principle of natural justice, there has been a practice of imposing more than one punishment on construction workers. The issue of canceling the license of construction workers has been mentioned in the budget statement, which proves that the government has become an obstacle to the development and expansion of this industry," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to President Singh, the collapse of the construction industry has adversely affected the overall economy of the state. He argues that if the government releases the money of the construction entrepreneurs, the economy will become vibrant and its positive effect will be seen in the overall economy of the country. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Former FCAN President Jairam Lamichhane, who is also an advisor to the federation, expressed his concern that if the demands of the businessmen are not addressed, the country's construction industry will be blacklisted after the mid- June. "If the government genuinely wants to protect the country's construction industry, the state should take initiatives to ease the current situation," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The General Secretary of the Federation, Roshan Dahal, said that the construction businessmen have not been paid more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">70</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion and pointed out that the state is more to blame for the projects not being completed on time. </span></span></span></span></p> <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"">However, Dahal said that some points of the budget including increasing capital expenditure, appropriating the budget only after completing all the necessary procedures, making the head of the project responsible and accountable, updating the records of construction professionals through the Public Procurement Monitoring Office, tax exemptions are positive.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He added that the protest is not a desire but a compulsion of the businessmen. Also, it was said that there is a tendency of the state to announce random projects for political interests, but not to pay the money to the businessmen even after the completion of the project.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17817', 'image' => '20230605035206_fcann.jpg', 'article_date' => '2023-06-05 15:51:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18085', 'article_category_id' => '1', 'title' => 'Nepal to Approve New Destinations for Foreign Employment', 'sub_title' => '', 'summary' => 'June 5: The government is preparing to open new destinations for foreign employment.', '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 5: The government is preparing to open new destinations for foreign employment. Organising a press conference at the Ministry of Labour, Employment and Social Security on Sunday, the ministry officials said that the government is preparing to open up new countries for foreign employment including Iraq, which has been banned, and Germany.</span></span></span></span></p> <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"">Speaking at the event, Minister for Labour, Employment and Social Security Sharat Singh Bhandari said that the ministry is determined to deal with issues related to labor and employment with due diligence. He mentioned that the ministry is working to foreign employment sector more organized by facilitating easy access of workers to the labor market. </span></span></span></span></p> <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"">Stating that the challenges seen in the labor sector will be addressed in collaboration with the local level, Minister Bhandari expressed his determination to bring the foreign employer companies that do not follow the prescribed standards under the scope of action. </span></span></span></span></p> <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"">It was also informed on the occasion that Nepal’s embassies have been told to take the initiative and try to study the prospect of sending workers for foreign employment to the countries that have established diplomatic relations with Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The ministry said that Nepal is taking initiatives for labor agreements with Germany and Romania in the near future.</span></span></span></span></p> <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 ministry added that the situation in Iraq is not like in the past and is preparing to open it for foreign employment after evaluating the current situation. The Secretary of the Ministry, Ek Narayan Aryal, informed that work has been done to give labor permits to all the countries of the world with which diplomatic relations have been established.</span></span></span></span></p> <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 situation in Iraq today is not like yesterday, reconstruction works are going on in Iraq and there is a demand for workers from there, the situation in Iraq today has to be evaluated," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal has established diplomatic relations with </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">179</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> countries so far. However, although </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">111</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> countries are open for foreign employment, Afghanistan, Libya and Iraq have been blacklisted so that Nepalis cannot go there for foreign employment.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17816', 'image' => '20230605025439_foreign emp.jpg', 'article_date' => '2023-06-05 14:54:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18084', 'article_category_id' => '1', 'title' => 'Goldman Becoming Centre of Attraction at Pokhara's Lakeside', 'sub_title' => '', 'summary' => 'June 5: There is an object that looks like a 'statue' of a person covered in gold on the shore of Fewa Lake. ', '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"">Sunil Sharma</span></span></span></span></p> <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 5: There is an object that looks like a 'statue' of a person covered in gold on the shore of Fewa Lake. Some people take photos with the golden statue. Some are seen making Tiktok videos. This is a recurrent scene one can view frequently at Lakeside Pokhara from 11 am to 5 pm.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although the object looks like a statue at a glance, it is not an idol but a living person. It is hard to believe that a real person can impersonate a statue and stand still for hours.</span></span></span></span></p> <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 person is none other than Ankit Shahi of Okhaldhunga. He is better known as the Goldman in the locality.</span></span></span></span></p> <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"">It is not because he is a gold dealer or he makes gold jewelry but because of the golden colour he puts all over his body.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He is not doing this out of desire, but out of compulsion. The reason for this is to meet the daily expenses of his family.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He says that after the closure of the business during the lockdown, he opted to his job to support his family's expenses. Before starting this odd job, he worked in India for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10-12</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"After the closure of the business due to the lockdown, I started this profession," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The source of his income is the donations given by the tourists who come to visit the Fewa Lake. In front of him is a golden colored box to collect the money. </span></span></span></span></p> <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"">This is how he makes a living for his family. His family of three includes his mother and sister.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He is now used to standing like an idol for hours without moving. When asked isn't it difficult to stay in one position for hours like this? He says, "It was difficult in the beginning. Now it has become a habit with constant effort. He had previously done this stunt in India for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He is now viral on Tiktok too. He also goes live on Tiktok. Tourists who come to the Fewa Lake consider him to be an idol and make a Tiktok video. Some of them take photos.</span></span></span></span></p> <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"">Locals claim that he is the first to do such a “weird” thing in Nepal, even though people are seen earning income by becoming 'Idols' in foreign countries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He says he is sad that he has to do such stunt to make a living. However, he did not reveal the reason for his sadness. </span></span></span></span></p> <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"">“I left this profession and came to Nepal. Now I have to do the same thing all again in Nepal," he said.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17815', 'image' => '20230605020519_Goldman 2_1685701835.jpg', 'article_date' => '2023-06-05 14:04:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18083', 'article_category_id' => '1', 'title' => 'Himalayan Travel Mart to Kick off on Tuesday', 'sub_title' => 'The event is being held for the first time after Covid-19 pandemic', 'summary' => 'June 5: The fourth edition of the Himalayan Travel Mart is scheduled to be held in Kathmandu from June 6 to 9. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 5: The fourth edition of the Himalayan Travel Mart is scheduled to be held in Kathmandu from June 6 to 9. The event, which aims to promote Nepal's tourism industry, is being organised by the Nepal chapter of the Pacific Asia Travel Association (PATA) with the support of the Ministry of Culture, Tourism and Civil Aviation, the Nepal Tourism Board, the Nepal Airlines Corporation, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to PATA Nepal Chapter’s Chief Executive Officer Suresh Singh Badal, preparations have been completed for the Nepal’s premier international travel and tourism trade show. It will be attended by over 400 representatives from 25 nations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“Its business session will be attended by 50 buyers from around the globe and 50 sellers/exhibitors with diverse tourism products,” said Badal </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Special sessions will be held focused on the post-COVID-19 tourism recovery campaign and the operations of the Gautam Buddha and Pokhara international airports efficiently. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Experts from the related field will be invited for their opinions on the ways for operating the two newly launched international airports in an effective way. A plenary session on 'Unlocking the potentials of Nepal's new international airports: strategies for market linkage, marketing, branding and more to drive tourism growth' has been scheduled during the Mart. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prime Minister Pushpa Kamal Dahal will inaugurate the event on June 6. The travel mart is being organized on the theme of 're-connecting, rebuilding and reinvigorating'. Minister for Culture, Tourism and Civil Aviation, Sudan Kirati, will also attend the event. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The event was held annually from 2017-19 and it was halted since 2019 due to COVID -19 pandemic. The objective of the mart is to develop Nepal as a gateway to the Himalaya and a hub of adventure tourism. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17814', 'image' => '20230605010417_1685937494.himalaya travel mart.jpg', 'article_date' => '2023-06-05 13:03:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18082', 'article_category_id' => '1', 'title' => 'Nepal-India Digital Transaction to Facilitate Students, Pilgrims and Tourists: NRB Governor ', 'sub_title' => '', 'summary' => 'June 5: Nepal Rastra Bank (NRB)’s Governor Maha Prasad Adhikari has said that Nepali students studying in India will no longer face problems once the Nepal-India cross border transaction comes into operation.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 5: Nepal Rastra Bank (NRB)’s Governor Maha Prasad Adhikari has said that Nepali students studying in India will no longer face problems once the Nepal-India cross border transaction comes into operation. Governor Adhikari said that the new arrangement will also facilitate Nepali pilgrims who face difficulties in India.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal and India had recently signed a Memorandum of Understanding (MoU) for cross-border digital payment during Prime Minister Pushpa Kamal Dahal’s recent state visit to India. The MoU is expected to facilitate people of both countries for digital transactions.</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"">"There is the issue of payment for the Indian tourists visiting Nepal. Also, those Nepalis going to India for study and for pilgrims used to face difficulties," said Governor Adhikari, adding that the cross-country digital transaction would aid in making payment easier. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">He made such remarks while receiving a report on digital transaction between Nepal and India prepared by a team of the Economic Media Operators Association of Nepal (EMAN).</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 team had prepared the report after conducting studies in various cities in India including the Indian capital New Delhi for two weeks. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The association handed over the report to the NRB governor on Sunday amid a programme organized at NRB, according to EMAN President Royal Acharya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Receiving the report, Governor Adhikari thanked EMAN for conducting the study on cross-country digital transaction, which he believed, would be useful for the NRB.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span><br /> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17813', 'image' => '20230605121812_20201211011108_20200407080848_IMG_4955 - Copy.jpg', 'article_date' => '2023-06-05 12:17:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18081', 'article_category_id' => '1', 'title' => 'Hackers Incur Huge Loss to Nepali Travel Agencies', 'sub_title' => '', 'summary' => 'June 5: Nepal’s travels agencies that have been selling international air tickets through Global Distribution System (GDS) were hacked recently. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 5: Nepal’s travels agencies that have been selling international air tickets through Global Distribution System (GDS) were hacked recently. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A group of foreign hackers hacked the ticket sales system of the international air service company that resulted in the loss of millions of rupees. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hackers have incurred big loss to the Nepali travels agencies by sending them fake emails on behalf of foreign GDS Company and issuing the tickets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Among the Nepali companies bearing loss due to hacking include Deurali Travels, Cosmo Travels and C Link Travels. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The foreign hackers were found to have issued tickets worth Rs 6 million to Rs 8 million from each company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chairperson of Nepal Association of Tour and Travel Agents (NATTA) Ramesh Thapa said that the foreign hackers issued tickets over the night by sending email to the Nepali travels companies on behalf of GDS Company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“It was found that hackers cheated the companies by sending fake email from GDS with logo. With this incident coming to light, Nepali travel companies are fearful,” he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chair Thapa further shared that the hackers were issuing most of the tickets to Morocco. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The victim companies have already registered a case at the cyber bureau of Nepal Police. Anupa Budhathoki, general manager of Sewar Network Nepal that has been providing GDS service to Nepali travel companies said foreign hackers had incurred loss to Nepali ticket agencies by sending fake email in the name of GDS Company. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17812', 'image' => '20230605113221_1685939980.traval.jpg', 'article_date' => '2023-06-05 11:31:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18080', 'article_category_id' => '1', 'title' => ' 15 Murrah Buffalo Bulls from India to Be Used for Crossbreeding Programme to Boost Milk Production', 'sub_title' => '', 'summary' => 'he Government of Nepal is set to receive 15 Murrah buffalo bulls from the Government of India, which will be utilized for crossbreeding purposes through artificial insemination. This initiative aims to enhance milk production in Nepal by implementing crossbreeding techniques on a significant scale of up to 100,000 buffaloes.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 18: The Government of Nepal is set to receive 15 Murrah buffalo bulls from the Government of India, which will be utilized for crossbreeding purposes through artificial insemination. This initiative aims to enhance milk production in Nepal by implementing crossbreeding techniques on a significant scale of up to 100,000 buffaloes.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Ministry of Agriculture and Livestock Development has announced that the introduction of these Murrah buffalo bulls and subsequent artificial insemination procedures will result in a substantial increase in milk production.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">It is projected that within three years, after producing approximately 150,000 doses of semen from the 15 bulls, there will be notable growth in milk production across the crossbred buffaloes.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">During the recent visit of Prime Minister Pushpa Kamal Dahal 'Prachanda' to India, a memorandum of understanding was signed to facilitate the provision of Murrah buffalo bulls to Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Ministry emphasizes that the acquisition of these bulls was based on discussions held between Nepal and India during the Nepal-India Joint Agriculture Group meeting in 2018.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Preparations are currently underway for Nepali experts and technicians to visit Indian farms and observe the technical aspects related to this crossbreeding program. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Once the technical details are finalized, the Murrah buffalo bulls will be made available to Nepal through customs points on the Indian side, and they will be managed in offices of the National Livestock Breeding Office located in Pokhara, Nepalgunj, and Lahan.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17811', 'image' => '20230605060408_collage (8).jpg', 'article_date' => '2023-06-05 06:02:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '18079', 'article_category_id' => '1', 'title' => 'Bharatpur Municipality Embarks on the Modernization of Ancient Kamalpokhari to Boost Tourism', 'sub_title' => '', 'summary' => 'The construction work of the ancient pond 'Kamalpokhari' located in Patihani has started at Bharatpur Municipality Ward No. 22. With an estimated cost of NPR 4.5 million, this pond is set to be completed next year, targeting Bharatpur Visit Year-2024.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 5: The construction work of the ancient pond 'Kamalpokhari' located in Patihani has started at Bharatpur Municipality Ward No. 22. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> With an estimated cost of NPR 4.5 million, this pond is set to be completed next year, targeting Bharatpur Visit Year-2024. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">After the completion of the pond, various structures such as a children's park, Tharu Cultural House, rest points, selfie points, and boating facilities will be constructed in the vicinity, according to Ward Chairman Bishnu Raj Mahato.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Tharu people believe that performing religious rituals in the Kamalpokhari and then releasing water into the Sundhara (a small canal) from the same pond has various traditional significances. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Therefore, the Tharu community has been conducting worship ceremonies in the pond for centuries. However, now the local government has allocated it as a commercial tourist destination. The concrete construction is underway to modernize the pond that has been adorned with lotus flowers for centuries.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">According to Ward Chairman Mahato, the construction work has been carried out as per the Detailed Project Report (DPR). He mentioned, "This year, the ward has already spent 5.3 million rupees for the construction. We are constructing the structure of the pond in the shape of a lotus."</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> He also mentioned that two bridges will be constructed from both ends of the pond in the park under the name 'Kamalpokhari Park'. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The metropolis plans to complete the construction work prior to the Bharatpur Visit 2024. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Kamalpokhari covers an area of approximately three bighas, while the water surface of the pond is only about one bigha. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Park Construction Consumer Committee Chairman Madhav Acharya stated that the design of the pond has been sought to give it a modern touch without neglecting its original form. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Maharjan said, "We are not going to demolish the ancient structure of the pond but rather incorporate modernity according to the present time. We are also looking to connect Kamalpokhari with Umbrella Street and make it an attraction for tourists." </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">He further mentioned the inclusion of covered halls, Tharu museum, sports activities, and cultural events to enhance the attractiveness of Kamalpokhari. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Local conservation activist Apil Ghimire emphasized to preserve the natural structure of Kamalpokhari. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Ghimire said, "We should not touch the ancient and archaeological structure, even if other structures are constructed outside the pond. We must maintain the integrity of the structure inside the pond." </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Although the pond benefits the metropolis from a business perspective, concrete structures will adversely affect natural and biological diversity of the pond. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Sitting at the lap of Chitwan National Park, the area is incorporated in 100 top tourist destinations in Nepal.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17810', 'image' => '20230605053735_collage (10) (1).jpg', 'article_date' => '2023-06-05 05:34:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '18078', 'article_category_id' => '1', 'title' => 'PATA Summit and Adventure Travel Mart 2023 Concludes', 'sub_title' => '', 'summary' => 'June 4: The 'PATA Annual Summit and Adventure Travel Mart 2023' organized by the Pacific Asia Travel Association (PATA), an umbrella organization of travel associations in the Asia Pacific region, concluded in the lake city of Pokhara on Friday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">June 4: The 'PATA Annual Summit and Adventure Travel Mart 2023' organized by the Pacific Asia Travel Association (PATA), an umbrella organization of travel associations in the Asia Pacific region, concluded in the lake city of Pokhara on Friday laying emphasis on sustainable tourism and digitization.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Renowned speakers from the national and international travel industry attended the summit and discussed issues related to sustainable tourism, crisis management, air safety, social media, adventure and mountain tourism.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the third time that Nepal hosted the Adventure Travel Mart and the Pata Annual Summit for the first time.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The best photos related to tourism and adventure taken in different places of the country were also put up for display during a photo exhibition held along with the summit and the travel mart, said Sunil Sharma, central member and program coordinator of NFPJ, the organizer of the photo exhibition. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The four-day event, which kicked off on Tuesday, was jointly organized by the Ministry of Culture, Tourism and Civil Aviation, Nepal Tourism Board (NTB), PATA, Pokhara Metropolitan City and Pokhara Tourism Council. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the summit, experts stressed that sustainable tourism is a necessity for economic development.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">They argued that digitization should also be taken hand-in-hand for the development and promotion of tourism the changing context of the present-day world. They added that tourism industry across the world is gradually returning to the pre-pandemic situation but is suffering due to the impacts of global economic recession. According to experts, the world's tourism will have to wait for about a year to return to its pre-pandemic condition.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-04', 'modified' => '2023-06-04', 'keywords' => '', 'description' => '', 'sortorder' => '17809', 'image' => '20230604055713_pata.jpg', 'article_date' => '2023-06-04 17:56:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 6: General discussion on the government's annual estimate of revenue and expenditure (budget) for the fiscal year (FY) 2023/24 has started in the House of Representatives. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the lower house meeting on Monday, Finance Minister Dr Prakash Sharan Mahat presented a proposal to begin general discussion on the new fiscal year’s budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Members of Parliament taking part in the discussion expressed their views on the budget from their respective party’s perspective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Minister Dr Mahat had presented the budget for the FY 2023/24 at a joint meeting of the Federal Parliament on May 29. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-06-06', 'modified' => '2023-06-06', 'keywords' => '', 'description' => '', 'sortorder' => '17824', 'image' => '20230606113758_Parliament RSS 800.jpg', 'article_date' => '2023-06-06 11:36:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18092', 'article_category_id' => '1', 'title' => 'Army Collects Over 35,000 Kilograms of Garbage under Clean Mountain Campaign', 'sub_title' => '', 'summary' => 'June 6: The Nepalese Army has collected a total of 35,700 kgs of garbage under the Clean Mountain Campaign this year. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">June 6: The Nepalese Army has collected a total of 35,700 kgs of garbage under the Clean Mountain Campaign this year. The campaign was conducted on Mt Everest (Sagarmatha), Lhotse, Annapurna and Barunche for 55 days starting the first week of April.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">On the occasion of the successful completion of the campaign, Chief of Army Staff Prabhuram Sharma presented letters of appreciation to the team leader and Sherpas involved in the campaign. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">At the closing ceremony of the campaign held on Monday at the NA headquarters, CoAS Sharma also announced that the NA will sponsor the education cost of the children of Phurba Sherpa and Angkami Sherpa, who died while returning from the mountain summit during the clean-up campaign. Four of the six people who fell ill during the campaign are currently undergoing treatment in Mumbai, India.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">At the program, CoAS Sharma thanked all those involved in the campaign for completing the task of garbage collection and climbing even in difficult and adverse conditions. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Secretary at the Ministry of Culture, Tourism and Civil Aviation, Suresh Adhikari, stressed on the need to give continuity to the campaign to protect the sustainability of nature and environment.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The army initiated the Clean Mountain Campaign in 2019 and has collected 190 tons of garbage from different mountains.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-06', 'modified' => '2023-06-06', 'keywords' => '', 'description' => '', 'sortorder' => '17823', 'image' => '20230606110117_1 (3).JPG', 'article_date' => '2023-06-06 11:00:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18091', 'article_category_id' => '1', 'title' => 'Eleven More Companies including One Stock Dealer Granted Broker Licenses', 'sub_title' => '', 'summary' => 'The Securities Board of Nepal (SEBON) has decided to grant broker licenses to an additional 11 companies. According to the board's spokesperson, Mukti Shrestha, 11 more companies that have fulfilled the prerequisites as per the Securities Dealers (Stock Broker, Securities Dealer and Market Maker) Regulations, 2064 (2008) will be awarded broker licenses.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 6: The Securities Board of Nepal (SEBON) has decided to grant broker licenses to an additional 11 companies. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">According to the board's spokesperson, Mukti Shrestha, 11 more companies that have fulfilled the prerequisites as per the Securities Dealers (Stock Broker, Securities Dealer and Market Maker) Regulations, 2064 (2008) will be awarded broker licenses.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Among them, Nabil Securities Limited, with a paid-up capital of Rs. 1.5 billion, has been granted a dealer's license, while Mega Stock Market Limited, with a paid-up capital of Rs. 600 million, has been granted a license to operate as a full-service securities broker.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Limited securities broker licenses have been granted to several companies with a paid-up capital of Rs. 200 million. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The companies that have been granted broker licenses include Elite Stock House Limited, Infinity Securities Limited, Index Securities Limited, Shubhakamana Securities Pvt. Ltd., Hatemalo Financial Services Pvt. Ltd., Money World Share Exchange Pvt. Ltd., Machhapuchchhre Securities Limited, K.V.L. Securities Limited, and Kalash Stock Market Pvt. Ltd.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The board had received applications for broker licenses from a total of 46 companies. Among the applications, 41 companies had applied to operate as limited securities brokers, four companies as full-service securities brokers, and one company applied for a dealer license. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">However, one company did not meet the qualification criteria, one company was scrapped, and one company withdrew its application. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">According to the SEBON, application of Eagle Stock Equity Private Limited, which applied to operate as a limited securities broker, failed to meet the criteria as it was not submitted in the prescribed format. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The application of NIC Asia Securities Company, which applied to operate as a limited securities broker, was scrapped. Additionally, Century Stock Broker Limited, which initially applied to operate as a full-service securities broker, has withdrawn its application. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Previously, the SEBON had granted the letters of intent to the 43 companies for brokerage licenses. In the first phase, the board had granted broker licenses to seven companies to work as a limited service brokers.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">These seven companies are now preparing to start their services within the same fiscal year and become members of the Nepal Stock Exchange (NEPSE). </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">These companies have already filed their applications for membership with Nepal Stock Exchange to start their services from this year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, an additional 11 companies that were granted broker licenses by the board will also need to acquire NEPSE membership to begin their operations. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> There are still 25 companies out of the 43 that have received letters of intent pending the issuance of broker licenses.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Among the 43 companies that have received letters of intent for brokerage licenses, one is a stock dealer, 39 are limited securities brokers, and three are full-service securities broker companies. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Among the 18 companies that have obtained broker licenses so far, one is a stock dealer, one is a full-service securities broker, and 16 are limited securities broker companies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Out of the 43 companies that have been granted the letters of intent for broker licenses, 12 are subsidiary companies of 'Class A' banks, and 31 are other institutions. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Companies entering the securities market with strong capital will increase market competition, transparency, service levels, and competition in terms of service and pricing, providing confidence to investors, according to the SEBON. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-06', 'modified' => '2023-06-06', 'keywords' => '', 'description' => '', 'sortorder' => '17822', 'image' => '20230606062948_collage (9).jpg', 'article_date' => '2023-06-06 06:26:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '18090', 'article_category_id' => '1', 'title' => 'Banks Demand Issuance of Rights Shares or Bonds to Ease Pressure on Primary Capital', 'sub_title' => '', 'summary' => 'June 5: Banks that have been aggressively expanding their business by increasing their capital through mergers and acquisitions have started to experience pressure on their primary capital.', '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 5: Banks that have been aggressively expanding their business by increasing their capital through mergers and acquisitions have started to experience pressure on their primary capital.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As the capital adequacy ratio of commercial banks started to become less than the limit set by the Nepal Rastra Bank (NRB), they have started to demand the issuance of rights shares or bonds to increase their capital so that they can be counted as primary capital.</span></span></span></span></p> <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 Nepal Rastra Bank, the average capital adequacy ratio of commercial banks in Nepal as of mid-April was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10.16</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. In mid-July last year, this ratio was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10.73</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Banks must maintain a capital adequacy ratio of at least </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. If the capital adequacy ratio is less than specified, the central bank will not allow such banks to distribute dividends. </span></span></span></span></p> <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"">Banks have not been able to expand their business even though the liquidity has eased because of the pressure on the capital adequacy ratio while disbursing loans.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In mid-April, the capital adequacy ratio of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> banks was in single digit. Among them, Prabhu Bank had the lowest at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.61</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. Similarly, Siddharth, NIC Asia and Machhapuchche banks also had a capital adequacy ratio of less than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Laxmi Bank and Sunrise Bank, which are under pressure in terms of capital, have already entered into an agreement for merger and have started the process.</span></span></span></span></p> <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"">Banker Sunil KC said that due to the pressure of capital adequacy ratio on some banks, they have requested the Nepal Rastra Bank through the Nepal Bankers Association for the option of issuing rights share or bonds. "The capital adequacy ratio of all banks is not in a difficult situation though," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">By mid-May of the current fiscal year, commercial banks have extended loans of only Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">123</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.77 billion while collecting deposits of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">299</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion. The average credit-deposit ratio (CD ratio) of banks has fallen to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">86.34</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. However, banks have not extended loans due to the pressure of capital.</span></span></span></span></p> <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"">Ashoke Rana, Chief Executive Officer of Himalayan Bank, said that banks with low primary capital have been asked to make arrangements to issue rights shares. "We have requested banks that are under pressure due to primary capital to issue bonds that are counted as capital," he said, "We are hopeful that this will be addressed through the upcoming monetary policy."</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The central bank has raised the risk weight of personal overdraft and vehicle purchase loans as well as real estate and share mortgage loans to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">150</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent and the risk weight of Trust Receipt (TR) loans to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">120</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. Due to this, the capital adequacy ratio has narrowed down as the risk in the loans of banks have increased.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17821', 'image' => '20230605054400_Banks - Copy.jpg', 'article_date' => '2023-06-05 17:43:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18089', 'article_category_id' => '1', 'title' => 'NEPSE’s Rise Fails to Sustain as Traders Book Profit', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE), which saw a rise of 53 points on Sunday, decreased on Monday. The market witnessed a correction after the traders booked their profits in the market. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">June 5: The Nepal Stock Exchange(NEPSE), which saw a rise of 53 points on Sunday, decreased on Monday. </span></span></span></span><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">The market witnessed a correction after the traders booked their profits in the market. Although the NEPSE index fell, the transaction amount increased compared to Sunday. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">In the bearish market, traders tend to book their profits when the market notices an increase, resulting in a correction in the market in verey three to four days. </span></span></span></span><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">Investors had increased their purchase after the Ministry of Finance finalized the Capital Gains Tax(CGT) at 5% and 7.5% yesterday. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">Experienced investors and experts say that it is common for the market to decrease the day after it rises. They argue that stock market will see a positive move in the near future as liquidity is easing in the banking system and interest rates are going to decrease.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">The NEPSE index closed at 1,901.99 today after losing 17.38 points from the last trading day's closing. This marks a loss of 0.91%. The index gained 53.03 points yesterday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">A total of 277 scrips traded hands via 36,568 transactions. As many as 5,620,381 shares exchanged hands amounting to Rs. 1.97 Arba in turnover amount. This is higher than the last trading day's turnover of Rs. 1.65 Arba.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">SHIVAM CEMENTS LTD (SHIVM) shares traded the most and had the highest turnover of Rs. 19.89 crores closing at a market price of Rs. 465 per share.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">River Falls Power Limited (RFPL) gained the highest 10% and hit the positive for the day.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">Conversely, SHIVAM CEMENTS LTD (SHIVM) lost the highest 4.50% today.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">All sector indices closed red, "Manufacturing and Processing" lost the highest 2.46% while "Mutual Fund" lost the least 0.23% today.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">Moreover, the sensitive index decreased by 0.79%, the float index decreased by 0.89%, and the sensitive float index decreased by 0.68% respectively. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17820', 'image' => '20230605045810_collage (3).jpg', 'article_date' => '2023-06-05 16:55:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18087', 'article_category_id' => '1', 'title' => 'One to Watch Announces Business Upliftment Plan to Support SMEs in Suryabinayak Municipality', 'sub_title' => '', 'summary' => 'June 5: One to Watch, an investment management company, has announced the launch of its business upliftment plan for integrated local development (BUILD), a programme designed to support small and medium enterprises (SMEs) in Suryabinayak Municipality for local economic development.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">June 5: One to Watch, an investment management company, has announced the launch of its business upliftment plan for integrated local development (BUILD), a programme designed to support small and medium enterprises (SMEs) in Suryabinayak Municipality for local economic development.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">Issuing a recent statement, One to Watch (OTW) said it has partnered with Suryabinayak Municipality of Bhaktapur district to launch the BUILD programme. The programme aims to strengthen the capacity of the Suryabinayak Municipality to engage with the private sector and include the socio-economic impact generated by SMEs for an integrated local development process. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">Supported by the Swiss Agency for Development and Cooperation Program (SDC), BUILD will be jointly implemented by One to Watch and Suryabinayak Municipality. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">Under this initiative, small and medium enterprises of Suryabinyak Municipality will get the opportunity to improve their business capacity through the execution of business development services (BDS), added the statement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">The statement further said that the application will be open till the 15th of July 2023. Entrepreneurs and SME founders who have registered their businesses in Suryabinayak Municipality are encouraged to apply and seize the opportunity, added the statement.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">Out of the applicants, 20 selected growth-oriented and scalable businesses will be chosen to receive business development support services. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">“The BDS activities will include but not be limited to master business classes, tailored sales and marketing support, financial and operational management advisory, regulatory compliance consultation, technology-adoption support, business plan development, expert networking opportunities, and fundraising opportunities,” reads the statement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">According to One to Watch, BUILD is highly beneficial for businesses that are seeking advisory and consultation services to uplift their business potential. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">“We recognize the socio-economic impact generated by SMEs, and the program promotes an integrated local development process that benefits both businesses and the community.”</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17818', 'image' => '20230605043623_PR IMG 2.jpg', 'article_date' => '2023-06-05 16:34:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18086', 'article_category_id' => '1', 'title' => 'Construction Entrepreneurs Announce Protest after Budget Fails to Address their Demands', 'sub_title' => '', 'summary' => 'June 5: The construction entrepreneurs have protested saying that the demand of the construction sector has not been addressed through the budget of the next fiscal year (FY 2023/24). ', '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 5: The construction entrepreneurs have protested saying that the demand of the construction sector has not been addressed through the budget of the next fiscal year (FY </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"">23</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"">24)</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"">The Federation of Contractors Association of Nepal (FCAN) has announced that if the government does not address the demand by the June 18, the construction work will be halted across the country and the businessmen will hand over their licenses to the state.</span></span></span></span></p> <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 federation gave this warning in a press conference in Kathmandu on Sunday. On the occasion, the president of the Federation, Ravi Singh, said that the budget did not address the important issues such as contract extension, payment, price adjustment etc. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that the contractors’ patience has run out because the government promises to fulfill its commitments, but does not to implement it in practice. He said that there is no option than to extend the deadline of all the projects by mid-June.</span></span></span></span></p> <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"">FCAN President Singh claimed that the contractors are not responsible for the delay in completing the projects because they failed to meet the deadline due to the state’s weak policies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He accused the government of trying to destroy the country's construction industry. </span></span></span></span></p> <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"">"Contrary to the principle of natural justice, there has been a practice of imposing more than one punishment on construction workers. The issue of canceling the license of construction workers has been mentioned in the budget statement, which proves that the government has become an obstacle to the development and expansion of this industry," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to President Singh, the collapse of the construction industry has adversely affected the overall economy of the state. He argues that if the government releases the money of the construction entrepreneurs, the economy will become vibrant and its positive effect will be seen in the overall economy of the country. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Former FCAN President Jairam Lamichhane, who is also an advisor to the federation, expressed his concern that if the demands of the businessmen are not addressed, the country's construction industry will be blacklisted after the mid- June. "If the government genuinely wants to protect the country's construction industry, the state should take initiatives to ease the current situation," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The General Secretary of the Federation, Roshan Dahal, said that the construction businessmen have not been paid more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">70</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion and pointed out that the state is more to blame for the projects not being completed on time. </span></span></span></span></p> <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"">However, Dahal said that some points of the budget including increasing capital expenditure, appropriating the budget only after completing all the necessary procedures, making the head of the project responsible and accountable, updating the records of construction professionals through the Public Procurement Monitoring Office, tax exemptions are positive.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He added that the protest is not a desire but a compulsion of the businessmen. Also, it was said that there is a tendency of the state to announce random projects for political interests, but not to pay the money to the businessmen even after the completion of the project.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17817', 'image' => '20230605035206_fcann.jpg', 'article_date' => '2023-06-05 15:51:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18085', 'article_category_id' => '1', 'title' => 'Nepal to Approve New Destinations for Foreign Employment', 'sub_title' => '', 'summary' => 'June 5: The government is preparing to open new destinations for foreign employment.', '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 5: The government is preparing to open new destinations for foreign employment. Organising a press conference at the Ministry of Labour, Employment and Social Security on Sunday, the ministry officials said that the government is preparing to open up new countries for foreign employment including Iraq, which has been banned, and Germany.</span></span></span></span></p> <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"">Speaking at the event, Minister for Labour, Employment and Social Security Sharat Singh Bhandari said that the ministry is determined to deal with issues related to labor and employment with due diligence. He mentioned that the ministry is working to foreign employment sector more organized by facilitating easy access of workers to the labor market. </span></span></span></span></p> <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"">Stating that the challenges seen in the labor sector will be addressed in collaboration with the local level, Minister Bhandari expressed his determination to bring the foreign employer companies that do not follow the prescribed standards under the scope of action. </span></span></span></span></p> <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"">It was also informed on the occasion that Nepal’s embassies have been told to take the initiative and try to study the prospect of sending workers for foreign employment to the countries that have established diplomatic relations with Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The ministry said that Nepal is taking initiatives for labor agreements with Germany and Romania in the near future.</span></span></span></span></p> <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 ministry added that the situation in Iraq is not like in the past and is preparing to open it for foreign employment after evaluating the current situation. The Secretary of the Ministry, Ek Narayan Aryal, informed that work has been done to give labor permits to all the countries of the world with which diplomatic relations have been established.</span></span></span></span></p> <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 situation in Iraq today is not like yesterday, reconstruction works are going on in Iraq and there is a demand for workers from there, the situation in Iraq today has to be evaluated," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal has established diplomatic relations with </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">179</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> countries so far. However, although </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">111</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> countries are open for foreign employment, Afghanistan, Libya and Iraq have been blacklisted so that Nepalis cannot go there for foreign employment.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17816', 'image' => '20230605025439_foreign emp.jpg', 'article_date' => '2023-06-05 14:54:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18084', 'article_category_id' => '1', 'title' => 'Goldman Becoming Centre of Attraction at Pokhara's Lakeside', 'sub_title' => '', 'summary' => 'June 5: There is an object that looks like a 'statue' of a person covered in gold on the shore of Fewa Lake. ', '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"">Sunil Sharma</span></span></span></span></p> <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 5: There is an object that looks like a 'statue' of a person covered in gold on the shore of Fewa Lake. Some people take photos with the golden statue. Some are seen making Tiktok videos. This is a recurrent scene one can view frequently at Lakeside Pokhara from 11 am to 5 pm.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although the object looks like a statue at a glance, it is not an idol but a living person. It is hard to believe that a real person can impersonate a statue and stand still for hours.</span></span></span></span></p> <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 person is none other than Ankit Shahi of Okhaldhunga. He is better known as the Goldman in the locality.</span></span></span></span></p> <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"">It is not because he is a gold dealer or he makes gold jewelry but because of the golden colour he puts all over his body.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He is not doing this out of desire, but out of compulsion. The reason for this is to meet the daily expenses of his family.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He says that after the closure of the business during the lockdown, he opted to his job to support his family's expenses. Before starting this odd job, he worked in India for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10-12</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"After the closure of the business due to the lockdown, I started this profession," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The source of his income is the donations given by the tourists who come to visit the Fewa Lake. In front of him is a golden colored box to collect the money. </span></span></span></span></p> <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"">This is how he makes a living for his family. His family of three includes his mother and sister.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He is now used to standing like an idol for hours without moving. When asked isn't it difficult to stay in one position for hours like this? He says, "It was difficult in the beginning. Now it has become a habit with constant effort. He had previously done this stunt in India for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He is now viral on Tiktok too. He also goes live on Tiktok. Tourists who come to the Fewa Lake consider him to be an idol and make a Tiktok video. Some of them take photos.</span></span></span></span></p> <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"">Locals claim that he is the first to do such a “weird” thing in Nepal, even though people are seen earning income by becoming 'Idols' in foreign countries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He says he is sad that he has to do such stunt to make a living. However, he did not reveal the reason for his sadness. </span></span></span></span></p> <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"">“I left this profession and came to Nepal. Now I have to do the same thing all again in Nepal," he said.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17815', 'image' => '20230605020519_Goldman 2_1685701835.jpg', 'article_date' => '2023-06-05 14:04:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18083', 'article_category_id' => '1', 'title' => 'Himalayan Travel Mart to Kick off on Tuesday', 'sub_title' => 'The event is being held for the first time after Covid-19 pandemic', 'summary' => 'June 5: The fourth edition of the Himalayan Travel Mart is scheduled to be held in Kathmandu from June 6 to 9. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 5: The fourth edition of the Himalayan Travel Mart is scheduled to be held in Kathmandu from June 6 to 9. The event, which aims to promote Nepal's tourism industry, is being organised by the Nepal chapter of the Pacific Asia Travel Association (PATA) with the support of the Ministry of Culture, Tourism and Civil Aviation, the Nepal Tourism Board, the Nepal Airlines Corporation, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to PATA Nepal Chapter’s Chief Executive Officer Suresh Singh Badal, preparations have been completed for the Nepal’s premier international travel and tourism trade show. It will be attended by over 400 representatives from 25 nations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“Its business session will be attended by 50 buyers from around the globe and 50 sellers/exhibitors with diverse tourism products,” said Badal </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Special sessions will be held focused on the post-COVID-19 tourism recovery campaign and the operations of the Gautam Buddha and Pokhara international airports efficiently. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Experts from the related field will be invited for their opinions on the ways for operating the two newly launched international airports in an effective way. A plenary session on 'Unlocking the potentials of Nepal's new international airports: strategies for market linkage, marketing, branding and more to drive tourism growth' has been scheduled during the Mart. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prime Minister Pushpa Kamal Dahal will inaugurate the event on June 6. The travel mart is being organized on the theme of 're-connecting, rebuilding and reinvigorating'. Minister for Culture, Tourism and Civil Aviation, Sudan Kirati, will also attend the event. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The event was held annually from 2017-19 and it was halted since 2019 due to COVID -19 pandemic. The objective of the mart is to develop Nepal as a gateway to the Himalaya and a hub of adventure tourism. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17814', 'image' => '20230605010417_1685937494.himalaya travel mart.jpg', 'article_date' => '2023-06-05 13:03:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18082', 'article_category_id' => '1', 'title' => 'Nepal-India Digital Transaction to Facilitate Students, Pilgrims and Tourists: NRB Governor ', 'sub_title' => '', 'summary' => 'June 5: Nepal Rastra Bank (NRB)’s Governor Maha Prasad Adhikari has said that Nepali students studying in India will no longer face problems once the Nepal-India cross border transaction comes into operation.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 5: Nepal Rastra Bank (NRB)’s Governor Maha Prasad Adhikari has said that Nepali students studying in India will no longer face problems once the Nepal-India cross border transaction comes into operation. Governor Adhikari said that the new arrangement will also facilitate Nepali pilgrims who face difficulties in India.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal and India had recently signed a Memorandum of Understanding (MoU) for cross-border digital payment during Prime Minister Pushpa Kamal Dahal’s recent state visit to India. The MoU is expected to facilitate people of both countries for digital transactions.</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"">"There is the issue of payment for the Indian tourists visiting Nepal. Also, those Nepalis going to India for study and for pilgrims used to face difficulties," said Governor Adhikari, adding that the cross-country digital transaction would aid in making payment easier. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">He made such remarks while receiving a report on digital transaction between Nepal and India prepared by a team of the Economic Media Operators Association of Nepal (EMAN).</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 team had prepared the report after conducting studies in various cities in India including the Indian capital New Delhi for two weeks. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The association handed over the report to the NRB governor on Sunday amid a programme organized at NRB, according to EMAN President Royal Acharya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Receiving the report, Governor Adhikari thanked EMAN for conducting the study on cross-country digital transaction, which he believed, would be useful for the NRB.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span><br /> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17813', 'image' => '20230605121812_20201211011108_20200407080848_IMG_4955 - Copy.jpg', 'article_date' => '2023-06-05 12:17:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18081', 'article_category_id' => '1', 'title' => 'Hackers Incur Huge Loss to Nepali Travel Agencies', 'sub_title' => '', 'summary' => 'June 5: Nepal’s travels agencies that have been selling international air tickets through Global Distribution System (GDS) were hacked recently. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 5: Nepal’s travels agencies that have been selling international air tickets through Global Distribution System (GDS) were hacked recently. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A group of foreign hackers hacked the ticket sales system of the international air service company that resulted in the loss of millions of rupees. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hackers have incurred big loss to the Nepali travels agencies by sending them fake emails on behalf of foreign GDS Company and issuing the tickets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Among the Nepali companies bearing loss due to hacking include Deurali Travels, Cosmo Travels and C Link Travels. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The foreign hackers were found to have issued tickets worth Rs 6 million to Rs 8 million from each company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chairperson of Nepal Association of Tour and Travel Agents (NATTA) Ramesh Thapa said that the foreign hackers issued tickets over the night by sending email to the Nepali travels companies on behalf of GDS Company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“It was found that hackers cheated the companies by sending fake email from GDS with logo. With this incident coming to light, Nepali travel companies are fearful,” he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chair Thapa further shared that the hackers were issuing most of the tickets to Morocco. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The victim companies have already registered a case at the cyber bureau of Nepal Police. Anupa Budhathoki, general manager of Sewar Network Nepal that has been providing GDS service to Nepali travel companies said foreign hackers had incurred loss to Nepali ticket agencies by sending fake email in the name of GDS Company. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17812', 'image' => '20230605113221_1685939980.traval.jpg', 'article_date' => '2023-06-05 11:31:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18080', 'article_category_id' => '1', 'title' => ' 15 Murrah Buffalo Bulls from India to Be Used for Crossbreeding Programme to Boost Milk Production', 'sub_title' => '', 'summary' => 'he Government of Nepal is set to receive 15 Murrah buffalo bulls from the Government of India, which will be utilized for crossbreeding purposes through artificial insemination. This initiative aims to enhance milk production in Nepal by implementing crossbreeding techniques on a significant scale of up to 100,000 buffaloes.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 18: The Government of Nepal is set to receive 15 Murrah buffalo bulls from the Government of India, which will be utilized for crossbreeding purposes through artificial insemination. This initiative aims to enhance milk production in Nepal by implementing crossbreeding techniques on a significant scale of up to 100,000 buffaloes.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Ministry of Agriculture and Livestock Development has announced that the introduction of these Murrah buffalo bulls and subsequent artificial insemination procedures will result in a substantial increase in milk production.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">It is projected that within three years, after producing approximately 150,000 doses of semen from the 15 bulls, there will be notable growth in milk production across the crossbred buffaloes.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">During the recent visit of Prime Minister Pushpa Kamal Dahal 'Prachanda' to India, a memorandum of understanding was signed to facilitate the provision of Murrah buffalo bulls to Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Ministry emphasizes that the acquisition of these bulls was based on discussions held between Nepal and India during the Nepal-India Joint Agriculture Group meeting in 2018.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Preparations are currently underway for Nepali experts and technicians to visit Indian farms and observe the technical aspects related to this crossbreeding program. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Once the technical details are finalized, the Murrah buffalo bulls will be made available to Nepal through customs points on the Indian side, and they will be managed in offices of the National Livestock Breeding Office located in Pokhara, Nepalgunj, and Lahan.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17811', 'image' => '20230605060408_collage (8).jpg', 'article_date' => '2023-06-05 06:02:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '18079', 'article_category_id' => '1', 'title' => 'Bharatpur Municipality Embarks on the Modernization of Ancient Kamalpokhari to Boost Tourism', 'sub_title' => '', 'summary' => 'The construction work of the ancient pond 'Kamalpokhari' located in Patihani has started at Bharatpur Municipality Ward No. 22. With an estimated cost of NPR 4.5 million, this pond is set to be completed next year, targeting Bharatpur Visit Year-2024.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 5: The construction work of the ancient pond 'Kamalpokhari' located in Patihani has started at Bharatpur Municipality Ward No. 22. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> With an estimated cost of NPR 4.5 million, this pond is set to be completed next year, targeting Bharatpur Visit Year-2024. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">After the completion of the pond, various structures such as a children's park, Tharu Cultural House, rest points, selfie points, and boating facilities will be constructed in the vicinity, according to Ward Chairman Bishnu Raj Mahato.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Tharu people believe that performing religious rituals in the Kamalpokhari and then releasing water into the Sundhara (a small canal) from the same pond has various traditional significances. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Therefore, the Tharu community has been conducting worship ceremonies in the pond for centuries. However, now the local government has allocated it as a commercial tourist destination. The concrete construction is underway to modernize the pond that has been adorned with lotus flowers for centuries.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">According to Ward Chairman Mahato, the construction work has been carried out as per the Detailed Project Report (DPR). He mentioned, "This year, the ward has already spent 5.3 million rupees for the construction. We are constructing the structure of the pond in the shape of a lotus."</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> He also mentioned that two bridges will be constructed from both ends of the pond in the park under the name 'Kamalpokhari Park'. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The metropolis plans to complete the construction work prior to the Bharatpur Visit 2024. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Kamalpokhari covers an area of approximately three bighas, while the water surface of the pond is only about one bigha. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Park Construction Consumer Committee Chairman Madhav Acharya stated that the design of the pond has been sought to give it a modern touch without neglecting its original form. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Maharjan said, "We are not going to demolish the ancient structure of the pond but rather incorporate modernity according to the present time. We are also looking to connect Kamalpokhari with Umbrella Street and make it an attraction for tourists." </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">He further mentioned the inclusion of covered halls, Tharu museum, sports activities, and cultural events to enhance the attractiveness of Kamalpokhari. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Local conservation activist Apil Ghimire emphasized to preserve the natural structure of Kamalpokhari. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Ghimire said, "We should not touch the ancient and archaeological structure, even if other structures are constructed outside the pond. We must maintain the integrity of the structure inside the pond." </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Although the pond benefits the metropolis from a business perspective, concrete structures will adversely affect natural and biological diversity of the pond. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Sitting at the lap of Chitwan National Park, the area is incorporated in 100 top tourist destinations in Nepal.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17810', 'image' => '20230605053735_collage (10) (1).jpg', 'article_date' => '2023-06-05 05:34:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '18078', 'article_category_id' => '1', 'title' => 'PATA Summit and Adventure Travel Mart 2023 Concludes', 'sub_title' => '', 'summary' => 'June 4: The 'PATA Annual Summit and Adventure Travel Mart 2023' organized by the Pacific Asia Travel Association (PATA), an umbrella organization of travel associations in the Asia Pacific region, concluded in the lake city of Pokhara on Friday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">June 4: The 'PATA Annual Summit and Adventure Travel Mart 2023' organized by the Pacific Asia Travel Association (PATA), an umbrella organization of travel associations in the Asia Pacific region, concluded in the lake city of Pokhara on Friday laying emphasis on sustainable tourism and digitization.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Renowned speakers from the national and international travel industry attended the summit and discussed issues related to sustainable tourism, crisis management, air safety, social media, adventure and mountain tourism.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the third time that Nepal hosted the Adventure Travel Mart and the Pata Annual Summit for the first time.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The best photos related to tourism and adventure taken in different places of the country were also put up for display during a photo exhibition held along with the summit and the travel mart, said Sunil Sharma, central member and program coordinator of NFPJ, the organizer of the photo exhibition. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The four-day event, which kicked off on Tuesday, was jointly organized by the Ministry of Culture, Tourism and Civil Aviation, Nepal Tourism Board (NTB), PATA, Pokhara Metropolitan City and Pokhara Tourism Council. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the summit, experts stressed that sustainable tourism is a necessity for economic development.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">They argued that digitization should also be taken hand-in-hand for the development and promotion of tourism the changing context of the present-day world. They added that tourism industry across the world is gradually returning to the pre-pandemic situation but is suffering due to the impacts of global economic recession. According to experts, the world's tourism will have to wait for about a year to return to its pre-pandemic condition.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-04', 'modified' => '2023-06-04', 'keywords' => '', 'description' => '', 'sortorder' => '17809', 'image' => '20230604055713_pata.jpg', 'article_date' => '2023-06-04 17:56:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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' => '18093', 'article_category_id' => '1', 'title' => 'General Deliberations on Budget Begins ', 'sub_title' => '', 'summary' => 'June 6: General discussion on the government's annual estimate of revenue and expenditure (budget) for the fiscal year (FY) 2023/24 has started in the House of Representatives. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 6: General discussion on the government's annual estimate of revenue and expenditure (budget) for the fiscal year (FY) 2023/24 has started in the House of Representatives. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the lower house meeting on Monday, Finance Minister Dr Prakash Sharan Mahat presented a proposal to begin general discussion on the new fiscal year’s budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Members of Parliament taking part in the discussion expressed their views on the budget from their respective party’s perspective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Minister Dr Mahat had presented the budget for the FY 2023/24 at a joint meeting of the Federal Parliament on May 29. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-06-06', 'modified' => '2023-06-06', 'keywords' => '', 'description' => '', 'sortorder' => '17824', 'image' => '20230606113758_Parliament RSS 800.jpg', 'article_date' => '2023-06-06 11:36:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18092', 'article_category_id' => '1', 'title' => 'Army Collects Over 35,000 Kilograms of Garbage under Clean Mountain Campaign', 'sub_title' => '', 'summary' => 'June 6: The Nepalese Army has collected a total of 35,700 kgs of garbage under the Clean Mountain Campaign this year. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">June 6: The Nepalese Army has collected a total of 35,700 kgs of garbage under the Clean Mountain Campaign this year. The campaign was conducted on Mt Everest (Sagarmatha), Lhotse, Annapurna and Barunche for 55 days starting the first week of April.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">On the occasion of the successful completion of the campaign, Chief of Army Staff Prabhuram Sharma presented letters of appreciation to the team leader and Sherpas involved in the campaign. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">At the closing ceremony of the campaign held on Monday at the NA headquarters, CoAS Sharma also announced that the NA will sponsor the education cost of the children of Phurba Sherpa and Angkami Sherpa, who died while returning from the mountain summit during the clean-up campaign. Four of the six people who fell ill during the campaign are currently undergoing treatment in Mumbai, India.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">At the program, CoAS Sharma thanked all those involved in the campaign for completing the task of garbage collection and climbing even in difficult and adverse conditions. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Secretary at the Ministry of Culture, Tourism and Civil Aviation, Suresh Adhikari, stressed on the need to give continuity to the campaign to protect the sustainability of nature and environment.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The army initiated the Clean Mountain Campaign in 2019 and has collected 190 tons of garbage from different mountains.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-06', 'modified' => '2023-06-06', 'keywords' => '', 'description' => '', 'sortorder' => '17823', 'image' => '20230606110117_1 (3).JPG', 'article_date' => '2023-06-06 11:00:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18091', 'article_category_id' => '1', 'title' => 'Eleven More Companies including One Stock Dealer Granted Broker Licenses', 'sub_title' => '', 'summary' => 'The Securities Board of Nepal (SEBON) has decided to grant broker licenses to an additional 11 companies. According to the board's spokesperson, Mukti Shrestha, 11 more companies that have fulfilled the prerequisites as per the Securities Dealers (Stock Broker, Securities Dealer and Market Maker) Regulations, 2064 (2008) will be awarded broker licenses.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 6: The Securities Board of Nepal (SEBON) has decided to grant broker licenses to an additional 11 companies. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">According to the board's spokesperson, Mukti Shrestha, 11 more companies that have fulfilled the prerequisites as per the Securities Dealers (Stock Broker, Securities Dealer and Market Maker) Regulations, 2064 (2008) will be awarded broker licenses.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Among them, Nabil Securities Limited, with a paid-up capital of Rs. 1.5 billion, has been granted a dealer's license, while Mega Stock Market Limited, with a paid-up capital of Rs. 600 million, has been granted a license to operate as a full-service securities broker.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Limited securities broker licenses have been granted to several companies with a paid-up capital of Rs. 200 million. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The companies that have been granted broker licenses include Elite Stock House Limited, Infinity Securities Limited, Index Securities Limited, Shubhakamana Securities Pvt. Ltd., Hatemalo Financial Services Pvt. Ltd., Money World Share Exchange Pvt. Ltd., Machhapuchchhre Securities Limited, K.V.L. Securities Limited, and Kalash Stock Market Pvt. Ltd.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The board had received applications for broker licenses from a total of 46 companies. Among the applications, 41 companies had applied to operate as limited securities brokers, four companies as full-service securities brokers, and one company applied for a dealer license. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">However, one company did not meet the qualification criteria, one company was scrapped, and one company withdrew its application. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">According to the SEBON, application of Eagle Stock Equity Private Limited, which applied to operate as a limited securities broker, failed to meet the criteria as it was not submitted in the prescribed format. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The application of NIC Asia Securities Company, which applied to operate as a limited securities broker, was scrapped. Additionally, Century Stock Broker Limited, which initially applied to operate as a full-service securities broker, has withdrawn its application. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Previously, the SEBON had granted the letters of intent to the 43 companies for brokerage licenses. In the first phase, the board had granted broker licenses to seven companies to work as a limited service brokers.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">These seven companies are now preparing to start their services within the same fiscal year and become members of the Nepal Stock Exchange (NEPSE). </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">These companies have already filed their applications for membership with Nepal Stock Exchange to start their services from this year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, an additional 11 companies that were granted broker licenses by the board will also need to acquire NEPSE membership to begin their operations. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> There are still 25 companies out of the 43 that have received letters of intent pending the issuance of broker licenses.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Among the 43 companies that have received letters of intent for brokerage licenses, one is a stock dealer, 39 are limited securities brokers, and three are full-service securities broker companies. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Among the 18 companies that have obtained broker licenses so far, one is a stock dealer, one is a full-service securities broker, and 16 are limited securities broker companies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Out of the 43 companies that have been granted the letters of intent for broker licenses, 12 are subsidiary companies of 'Class A' banks, and 31 are other institutions. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Companies entering the securities market with strong capital will increase market competition, transparency, service levels, and competition in terms of service and pricing, providing confidence to investors, according to the SEBON. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-06', 'modified' => '2023-06-06', 'keywords' => '', 'description' => '', 'sortorder' => '17822', 'image' => '20230606062948_collage (9).jpg', 'article_date' => '2023-06-06 06:26:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '18090', 'article_category_id' => '1', 'title' => 'Banks Demand Issuance of Rights Shares or Bonds to Ease Pressure on Primary Capital', 'sub_title' => '', 'summary' => 'June 5: Banks that have been aggressively expanding their business by increasing their capital through mergers and acquisitions have started to experience pressure on their primary capital.', '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 5: Banks that have been aggressively expanding their business by increasing their capital through mergers and acquisitions have started to experience pressure on their primary capital.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As the capital adequacy ratio of commercial banks started to become less than the limit set by the Nepal Rastra Bank (NRB), they have started to demand the issuance of rights shares or bonds to increase their capital so that they can be counted as primary capital.</span></span></span></span></p> <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 Nepal Rastra Bank, the average capital adequacy ratio of commercial banks in Nepal as of mid-April was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10.16</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. In mid-July last year, this ratio was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10.73</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Banks must maintain a capital adequacy ratio of at least </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. If the capital adequacy ratio is less than specified, the central bank will not allow such banks to distribute dividends. </span></span></span></span></p> <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"">Banks have not been able to expand their business even though the liquidity has eased because of the pressure on the capital adequacy ratio while disbursing loans.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In mid-April, the capital adequacy ratio of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> banks was in single digit. Among them, Prabhu Bank had the lowest at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.61</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. Similarly, Siddharth, NIC Asia and Machhapuchche banks also had a capital adequacy ratio of less than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Laxmi Bank and Sunrise Bank, which are under pressure in terms of capital, have already entered into an agreement for merger and have started the process.</span></span></span></span></p> <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"">Banker Sunil KC said that due to the pressure of capital adequacy ratio on some banks, they have requested the Nepal Rastra Bank through the Nepal Bankers Association for the option of issuing rights share or bonds. "The capital adequacy ratio of all banks is not in a difficult situation though," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">By mid-May of the current fiscal year, commercial banks have extended loans of only Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">123</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.77 billion while collecting deposits of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">299</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion. The average credit-deposit ratio (CD ratio) of banks has fallen to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">86.34</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. However, banks have not extended loans due to the pressure of capital.</span></span></span></span></p> <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"">Ashoke Rana, Chief Executive Officer of Himalayan Bank, said that banks with low primary capital have been asked to make arrangements to issue rights shares. "We have requested banks that are under pressure due to primary capital to issue bonds that are counted as capital," he said, "We are hopeful that this will be addressed through the upcoming monetary policy."</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The central bank has raised the risk weight of personal overdraft and vehicle purchase loans as well as real estate and share mortgage loans to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">150</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent and the risk weight of Trust Receipt (TR) loans to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">120</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. Due to this, the capital adequacy ratio has narrowed down as the risk in the loans of banks have increased.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17821', 'image' => '20230605054400_Banks - Copy.jpg', 'article_date' => '2023-06-05 17:43:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18089', 'article_category_id' => '1', 'title' => 'NEPSE’s Rise Fails to Sustain as Traders Book Profit', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE), which saw a rise of 53 points on Sunday, decreased on Monday. The market witnessed a correction after the traders booked their profits in the market. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">June 5: The Nepal Stock Exchange(NEPSE), which saw a rise of 53 points on Sunday, decreased on Monday. </span></span></span></span><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">The market witnessed a correction after the traders booked their profits in the market. Although the NEPSE index fell, the transaction amount increased compared to Sunday. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">In the bearish market, traders tend to book their profits when the market notices an increase, resulting in a correction in the market in verey three to four days. </span></span></span></span><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">Investors had increased their purchase after the Ministry of Finance finalized the Capital Gains Tax(CGT) at 5% and 7.5% yesterday. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">Experienced investors and experts say that it is common for the market to decrease the day after it rises. They argue that stock market will see a positive move in the near future as liquidity is easing in the banking system and interest rates are going to decrease.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">The NEPSE index closed at 1,901.99 today after losing 17.38 points from the last trading day's closing. This marks a loss of 0.91%. The index gained 53.03 points yesterday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">A total of 277 scrips traded hands via 36,568 transactions. As many as 5,620,381 shares exchanged hands amounting to Rs. 1.97 Arba in turnover amount. This is higher than the last trading day's turnover of Rs. 1.65 Arba.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">SHIVAM CEMENTS LTD (SHIVM) shares traded the most and had the highest turnover of Rs. 19.89 crores closing at a market price of Rs. 465 per share.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">River Falls Power Limited (RFPL) gained the highest 10% and hit the positive for the day.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">Conversely, SHIVAM CEMENTS LTD (SHIVM) lost the highest 4.50% today.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">All sector indices closed red, "Manufacturing and Processing" lost the highest 2.46% while "Mutual Fund" lost the least 0.23% today.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">Moreover, the sensitive index decreased by 0.79%, the float index decreased by 0.89%, and the sensitive float index decreased by 0.68% respectively. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17820', 'image' => '20230605045810_collage (3).jpg', 'article_date' => '2023-06-05 16:55:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18087', 'article_category_id' => '1', 'title' => 'One to Watch Announces Business Upliftment Plan to Support SMEs in Suryabinayak Municipality', 'sub_title' => '', 'summary' => 'June 5: One to Watch, an investment management company, has announced the launch of its business upliftment plan for integrated local development (BUILD), a programme designed to support small and medium enterprises (SMEs) in Suryabinayak Municipality for local economic development.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">June 5: One to Watch, an investment management company, has announced the launch of its business upliftment plan for integrated local development (BUILD), a programme designed to support small and medium enterprises (SMEs) in Suryabinayak Municipality for local economic development.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">Issuing a recent statement, One to Watch (OTW) said it has partnered with Suryabinayak Municipality of Bhaktapur district to launch the BUILD programme. The programme aims to strengthen the capacity of the Suryabinayak Municipality to engage with the private sector and include the socio-economic impact generated by SMEs for an integrated local development process. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">Supported by the Swiss Agency for Development and Cooperation Program (SDC), BUILD will be jointly implemented by One to Watch and Suryabinayak Municipality. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">Under this initiative, small and medium enterprises of Suryabinyak Municipality will get the opportunity to improve their business capacity through the execution of business development services (BDS), added the statement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">The statement further said that the application will be open till the 15th of July 2023. Entrepreneurs and SME founders who have registered their businesses in Suryabinayak Municipality are encouraged to apply and seize the opportunity, added the statement.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">Out of the applicants, 20 selected growth-oriented and scalable businesses will be chosen to receive business development support services. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">“The BDS activities will include but not be limited to master business classes, tailored sales and marketing support, financial and operational management advisory, regulatory compliance consultation, technology-adoption support, business plan development, expert networking opportunities, and fundraising opportunities,” reads the statement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">According to One to Watch, BUILD is highly beneficial for businesses that are seeking advisory and consultation services to uplift their business potential. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">“We recognize the socio-economic impact generated by SMEs, and the program promotes an integrated local development process that benefits both businesses and the community.”</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17818', 'image' => '20230605043623_PR IMG 2.jpg', 'article_date' => '2023-06-05 16:34:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18086', 'article_category_id' => '1', 'title' => 'Construction Entrepreneurs Announce Protest after Budget Fails to Address their Demands', 'sub_title' => '', 'summary' => 'June 5: The construction entrepreneurs have protested saying that the demand of the construction sector has not been addressed through the budget of the next fiscal year (FY 2023/24). ', '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 5: The construction entrepreneurs have protested saying that the demand of the construction sector has not been addressed through the budget of the next fiscal year (FY </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"">23</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"">24)</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"">The Federation of Contractors Association of Nepal (FCAN) has announced that if the government does not address the demand by the June 18, the construction work will be halted across the country and the businessmen will hand over their licenses to the state.</span></span></span></span></p> <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 federation gave this warning in a press conference in Kathmandu on Sunday. On the occasion, the president of the Federation, Ravi Singh, said that the budget did not address the important issues such as contract extension, payment, price adjustment etc. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that the contractors’ patience has run out because the government promises to fulfill its commitments, but does not to implement it in practice. He said that there is no option than to extend the deadline of all the projects by mid-June.</span></span></span></span></p> <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"">FCAN President Singh claimed that the contractors are not responsible for the delay in completing the projects because they failed to meet the deadline due to the state’s weak policies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He accused the government of trying to destroy the country's construction industry. </span></span></span></span></p> <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"">"Contrary to the principle of natural justice, there has been a practice of imposing more than one punishment on construction workers. The issue of canceling the license of construction workers has been mentioned in the budget statement, which proves that the government has become an obstacle to the development and expansion of this industry," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to President Singh, the collapse of the construction industry has adversely affected the overall economy of the state. He argues that if the government releases the money of the construction entrepreneurs, the economy will become vibrant and its positive effect will be seen in the overall economy of the country. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Former FCAN President Jairam Lamichhane, who is also an advisor to the federation, expressed his concern that if the demands of the businessmen are not addressed, the country's construction industry will be blacklisted after the mid- June. "If the government genuinely wants to protect the country's construction industry, the state should take initiatives to ease the current situation," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The General Secretary of the Federation, Roshan Dahal, said that the construction businessmen have not been paid more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">70</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion and pointed out that the state is more to blame for the projects not being completed on time. </span></span></span></span></p> <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"">However, Dahal said that some points of the budget including increasing capital expenditure, appropriating the budget only after completing all the necessary procedures, making the head of the project responsible and accountable, updating the records of construction professionals through the Public Procurement Monitoring Office, tax exemptions are positive.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He added that the protest is not a desire but a compulsion of the businessmen. Also, it was said that there is a tendency of the state to announce random projects for political interests, but not to pay the money to the businessmen even after the completion of the project.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17817', 'image' => '20230605035206_fcann.jpg', 'article_date' => '2023-06-05 15:51:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18085', 'article_category_id' => '1', 'title' => 'Nepal to Approve New Destinations for Foreign Employment', 'sub_title' => '', 'summary' => 'June 5: The government is preparing to open new destinations for foreign employment.', '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 5: The government is preparing to open new destinations for foreign employment. Organising a press conference at the Ministry of Labour, Employment and Social Security on Sunday, the ministry officials said that the government is preparing to open up new countries for foreign employment including Iraq, which has been banned, and Germany.</span></span></span></span></p> <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"">Speaking at the event, Minister for Labour, Employment and Social Security Sharat Singh Bhandari said that the ministry is determined to deal with issues related to labor and employment with due diligence. He mentioned that the ministry is working to foreign employment sector more organized by facilitating easy access of workers to the labor market. </span></span></span></span></p> <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"">Stating that the challenges seen in the labor sector will be addressed in collaboration with the local level, Minister Bhandari expressed his determination to bring the foreign employer companies that do not follow the prescribed standards under the scope of action. </span></span></span></span></p> <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"">It was also informed on the occasion that Nepal’s embassies have been told to take the initiative and try to study the prospect of sending workers for foreign employment to the countries that have established diplomatic relations with Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The ministry said that Nepal is taking initiatives for labor agreements with Germany and Romania in the near future.</span></span></span></span></p> <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 ministry added that the situation in Iraq is not like in the past and is preparing to open it for foreign employment after evaluating the current situation. The Secretary of the Ministry, Ek Narayan Aryal, informed that work has been done to give labor permits to all the countries of the world with which diplomatic relations have been established.</span></span></span></span></p> <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 situation in Iraq today is not like yesterday, reconstruction works are going on in Iraq and there is a demand for workers from there, the situation in Iraq today has to be evaluated," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal has established diplomatic relations with </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">179</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> countries so far. However, although </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">111</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> countries are open for foreign employment, Afghanistan, Libya and Iraq have been blacklisted so that Nepalis cannot go there for foreign employment.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17816', 'image' => '20230605025439_foreign emp.jpg', 'article_date' => '2023-06-05 14:54:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18084', 'article_category_id' => '1', 'title' => 'Goldman Becoming Centre of Attraction at Pokhara's Lakeside', 'sub_title' => '', 'summary' => 'June 5: There is an object that looks like a 'statue' of a person covered in gold on the shore of Fewa Lake. ', '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"">Sunil Sharma</span></span></span></span></p> <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 5: There is an object that looks like a 'statue' of a person covered in gold on the shore of Fewa Lake. Some people take photos with the golden statue. Some are seen making Tiktok videos. This is a recurrent scene one can view frequently at Lakeside Pokhara from 11 am to 5 pm.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although the object looks like a statue at a glance, it is not an idol but a living person. It is hard to believe that a real person can impersonate a statue and stand still for hours.</span></span></span></span></p> <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 person is none other than Ankit Shahi of Okhaldhunga. He is better known as the Goldman in the locality.</span></span></span></span></p> <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"">It is not because he is a gold dealer or he makes gold jewelry but because of the golden colour he puts all over his body.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He is not doing this out of desire, but out of compulsion. The reason for this is to meet the daily expenses of his family.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He says that after the closure of the business during the lockdown, he opted to his job to support his family's expenses. Before starting this odd job, he worked in India for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10-12</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"After the closure of the business due to the lockdown, I started this profession," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The source of his income is the donations given by the tourists who come to visit the Fewa Lake. In front of him is a golden colored box to collect the money. </span></span></span></span></p> <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"">This is how he makes a living for his family. His family of three includes his mother and sister.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He is now used to standing like an idol for hours without moving. When asked isn't it difficult to stay in one position for hours like this? He says, "It was difficult in the beginning. Now it has become a habit with constant effort. He had previously done this stunt in India for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He is now viral on Tiktok too. He also goes live on Tiktok. Tourists who come to the Fewa Lake consider him to be an idol and make a Tiktok video. Some of them take photos.</span></span></span></span></p> <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"">Locals claim that he is the first to do such a “weird” thing in Nepal, even though people are seen earning income by becoming 'Idols' in foreign countries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He says he is sad that he has to do such stunt to make a living. However, he did not reveal the reason for his sadness. </span></span></span></span></p> <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"">“I left this profession and came to Nepal. Now I have to do the same thing all again in Nepal," he said.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17815', 'image' => '20230605020519_Goldman 2_1685701835.jpg', 'article_date' => '2023-06-05 14:04:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18083', 'article_category_id' => '1', 'title' => 'Himalayan Travel Mart to Kick off on Tuesday', 'sub_title' => 'The event is being held for the first time after Covid-19 pandemic', 'summary' => 'June 5: The fourth edition of the Himalayan Travel Mart is scheduled to be held in Kathmandu from June 6 to 9. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 5: The fourth edition of the Himalayan Travel Mart is scheduled to be held in Kathmandu from June 6 to 9. The event, which aims to promote Nepal's tourism industry, is being organised by the Nepal chapter of the Pacific Asia Travel Association (PATA) with the support of the Ministry of Culture, Tourism and Civil Aviation, the Nepal Tourism Board, the Nepal Airlines Corporation, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to PATA Nepal Chapter’s Chief Executive Officer Suresh Singh Badal, preparations have been completed for the Nepal’s premier international travel and tourism trade show. It will be attended by over 400 representatives from 25 nations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“Its business session will be attended by 50 buyers from around the globe and 50 sellers/exhibitors with diverse tourism products,” said Badal </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Special sessions will be held focused on the post-COVID-19 tourism recovery campaign and the operations of the Gautam Buddha and Pokhara international airports efficiently. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Experts from the related field will be invited for their opinions on the ways for operating the two newly launched international airports in an effective way. A plenary session on 'Unlocking the potentials of Nepal's new international airports: strategies for market linkage, marketing, branding and more to drive tourism growth' has been scheduled during the Mart. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prime Minister Pushpa Kamal Dahal will inaugurate the event on June 6. The travel mart is being organized on the theme of 're-connecting, rebuilding and reinvigorating'. Minister for Culture, Tourism and Civil Aviation, Sudan Kirati, will also attend the event. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The event was held annually from 2017-19 and it was halted since 2019 due to COVID -19 pandemic. The objective of the mart is to develop Nepal as a gateway to the Himalaya and a hub of adventure tourism. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17814', 'image' => '20230605010417_1685937494.himalaya travel mart.jpg', 'article_date' => '2023-06-05 13:03:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18082', 'article_category_id' => '1', 'title' => 'Nepal-India Digital Transaction to Facilitate Students, Pilgrims and Tourists: NRB Governor ', 'sub_title' => '', 'summary' => 'June 5: Nepal Rastra Bank (NRB)’s Governor Maha Prasad Adhikari has said that Nepali students studying in India will no longer face problems once the Nepal-India cross border transaction comes into operation.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 5: Nepal Rastra Bank (NRB)’s Governor Maha Prasad Adhikari has said that Nepali students studying in India will no longer face problems once the Nepal-India cross border transaction comes into operation. Governor Adhikari said that the new arrangement will also facilitate Nepali pilgrims who face difficulties in India.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal and India had recently signed a Memorandum of Understanding (MoU) for cross-border digital payment during Prime Minister Pushpa Kamal Dahal’s recent state visit to India. The MoU is expected to facilitate people of both countries for digital transactions.</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"">"There is the issue of payment for the Indian tourists visiting Nepal. Also, those Nepalis going to India for study and for pilgrims used to face difficulties," said Governor Adhikari, adding that the cross-country digital transaction would aid in making payment easier. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">He made such remarks while receiving a report on digital transaction between Nepal and India prepared by a team of the Economic Media Operators Association of Nepal (EMAN).</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 team had prepared the report after conducting studies in various cities in India including the Indian capital New Delhi for two weeks. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The association handed over the report to the NRB governor on Sunday amid a programme organized at NRB, according to EMAN President Royal Acharya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Receiving the report, Governor Adhikari thanked EMAN for conducting the study on cross-country digital transaction, which he believed, would be useful for the NRB.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span><br /> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17813', 'image' => '20230605121812_20201211011108_20200407080848_IMG_4955 - Copy.jpg', 'article_date' => '2023-06-05 12:17:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18081', 'article_category_id' => '1', 'title' => 'Hackers Incur Huge Loss to Nepali Travel Agencies', 'sub_title' => '', 'summary' => 'June 5: Nepal’s travels agencies that have been selling international air tickets through Global Distribution System (GDS) were hacked recently. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 5: Nepal’s travels agencies that have been selling international air tickets through Global Distribution System (GDS) were hacked recently. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A group of foreign hackers hacked the ticket sales system of the international air service company that resulted in the loss of millions of rupees. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hackers have incurred big loss to the Nepali travels agencies by sending them fake emails on behalf of foreign GDS Company and issuing the tickets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Among the Nepali companies bearing loss due to hacking include Deurali Travels, Cosmo Travels and C Link Travels. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The foreign hackers were found to have issued tickets worth Rs 6 million to Rs 8 million from each company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chairperson of Nepal Association of Tour and Travel Agents (NATTA) Ramesh Thapa said that the foreign hackers issued tickets over the night by sending email to the Nepali travels companies on behalf of GDS Company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“It was found that hackers cheated the companies by sending fake email from GDS with logo. With this incident coming to light, Nepali travel companies are fearful,” he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chair Thapa further shared that the hackers were issuing most of the tickets to Morocco. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The victim companies have already registered a case at the cyber bureau of Nepal Police. Anupa Budhathoki, general manager of Sewar Network Nepal that has been providing GDS service to Nepali travel companies said foreign hackers had incurred loss to Nepali ticket agencies by sending fake email in the name of GDS Company. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17812', 'image' => '20230605113221_1685939980.traval.jpg', 'article_date' => '2023-06-05 11:31:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18080', 'article_category_id' => '1', 'title' => ' 15 Murrah Buffalo Bulls from India to Be Used for Crossbreeding Programme to Boost Milk Production', 'sub_title' => '', 'summary' => 'he Government of Nepal is set to receive 15 Murrah buffalo bulls from the Government of India, which will be utilized for crossbreeding purposes through artificial insemination. This initiative aims to enhance milk production in Nepal by implementing crossbreeding techniques on a significant scale of up to 100,000 buffaloes.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 18: The Government of Nepal is set to receive 15 Murrah buffalo bulls from the Government of India, which will be utilized for crossbreeding purposes through artificial insemination. This initiative aims to enhance milk production in Nepal by implementing crossbreeding techniques on a significant scale of up to 100,000 buffaloes.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Ministry of Agriculture and Livestock Development has announced that the introduction of these Murrah buffalo bulls and subsequent artificial insemination procedures will result in a substantial increase in milk production.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">It is projected that within three years, after producing approximately 150,000 doses of semen from the 15 bulls, there will be notable growth in milk production across the crossbred buffaloes.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">During the recent visit of Prime Minister Pushpa Kamal Dahal 'Prachanda' to India, a memorandum of understanding was signed to facilitate the provision of Murrah buffalo bulls to Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Ministry emphasizes that the acquisition of these bulls was based on discussions held between Nepal and India during the Nepal-India Joint Agriculture Group meeting in 2018.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Preparations are currently underway for Nepali experts and technicians to visit Indian farms and observe the technical aspects related to this crossbreeding program. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Once the technical details are finalized, the Murrah buffalo bulls will be made available to Nepal through customs points on the Indian side, and they will be managed in offices of the National Livestock Breeding Office located in Pokhara, Nepalgunj, and Lahan.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17811', 'image' => '20230605060408_collage (8).jpg', 'article_date' => '2023-06-05 06:02:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '18079', 'article_category_id' => '1', 'title' => 'Bharatpur Municipality Embarks on the Modernization of Ancient Kamalpokhari to Boost Tourism', 'sub_title' => '', 'summary' => 'The construction work of the ancient pond 'Kamalpokhari' located in Patihani has started at Bharatpur Municipality Ward No. 22. With an estimated cost of NPR 4.5 million, this pond is set to be completed next year, targeting Bharatpur Visit Year-2024.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 5: The construction work of the ancient pond 'Kamalpokhari' located in Patihani has started at Bharatpur Municipality Ward No. 22. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> With an estimated cost of NPR 4.5 million, this pond is set to be completed next year, targeting Bharatpur Visit Year-2024. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">After the completion of the pond, various structures such as a children's park, Tharu Cultural House, rest points, selfie points, and boating facilities will be constructed in the vicinity, according to Ward Chairman Bishnu Raj Mahato.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Tharu people believe that performing religious rituals in the Kamalpokhari and then releasing water into the Sundhara (a small canal) from the same pond has various traditional significances. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Therefore, the Tharu community has been conducting worship ceremonies in the pond for centuries. However, now the local government has allocated it as a commercial tourist destination. The concrete construction is underway to modernize the pond that has been adorned with lotus flowers for centuries.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">According to Ward Chairman Mahato, the construction work has been carried out as per the Detailed Project Report (DPR). He mentioned, "This year, the ward has already spent 5.3 million rupees for the construction. We are constructing the structure of the pond in the shape of a lotus."</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> He also mentioned that two bridges will be constructed from both ends of the pond in the park under the name 'Kamalpokhari Park'. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The metropolis plans to complete the construction work prior to the Bharatpur Visit 2024. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Kamalpokhari covers an area of approximately three bighas, while the water surface of the pond is only about one bigha. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Park Construction Consumer Committee Chairman Madhav Acharya stated that the design of the pond has been sought to give it a modern touch without neglecting its original form. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Maharjan said, "We are not going to demolish the ancient structure of the pond but rather incorporate modernity according to the present time. We are also looking to connect Kamalpokhari with Umbrella Street and make it an attraction for tourists." </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">He further mentioned the inclusion of covered halls, Tharu museum, sports activities, and cultural events to enhance the attractiveness of Kamalpokhari. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Local conservation activist Apil Ghimire emphasized to preserve the natural structure of Kamalpokhari. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Ghimire said, "We should not touch the ancient and archaeological structure, even if other structures are constructed outside the pond. We must maintain the integrity of the structure inside the pond." </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Although the pond benefits the metropolis from a business perspective, concrete structures will adversely affect natural and biological diversity of the pond. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Sitting at the lap of Chitwan National Park, the area is incorporated in 100 top tourist destinations in Nepal.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17810', 'image' => '20230605053735_collage (10) (1).jpg', 'article_date' => '2023-06-05 05:34:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '18078', 'article_category_id' => '1', 'title' => 'PATA Summit and Adventure Travel Mart 2023 Concludes', 'sub_title' => '', 'summary' => 'June 4: The 'PATA Annual Summit and Adventure Travel Mart 2023' organized by the Pacific Asia Travel Association (PATA), an umbrella organization of travel associations in the Asia Pacific region, concluded in the lake city of Pokhara on Friday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">June 4: The 'PATA Annual Summit and Adventure Travel Mart 2023' organized by the Pacific Asia Travel Association (PATA), an umbrella organization of travel associations in the Asia Pacific region, concluded in the lake city of Pokhara on Friday laying emphasis on sustainable tourism and digitization.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Renowned speakers from the national and international travel industry attended the summit and discussed issues related to sustainable tourism, crisis management, air safety, social media, adventure and mountain tourism.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the third time that Nepal hosted the Adventure Travel Mart and the Pata Annual Summit for the first time.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The best photos related to tourism and adventure taken in different places of the country were also put up for display during a photo exhibition held along with the summit and the travel mart, said Sunil Sharma, central member and program coordinator of NFPJ, the organizer of the photo exhibition. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The four-day event, which kicked off on Tuesday, was jointly organized by the Ministry of Culture, Tourism and Civil Aviation, Nepal Tourism Board (NTB), PATA, Pokhara Metropolitan City and Pokhara Tourism Council. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the summit, experts stressed that sustainable tourism is a necessity for economic development.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">They argued that digitization should also be taken hand-in-hand for the development and promotion of tourism the changing context of the present-day world. They added that tourism industry across the world is gradually returning to the pre-pandemic situation but is suffering due to the impacts of global economic recession. According to experts, the world's tourism will have to wait for about a year to return to its pre-pandemic condition.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-04', 'modified' => '2023-06-04', 'keywords' => '', 'description' => '', 'sortorder' => '17809', 'image' => '20230604055713_pata.jpg', 'article_date' => '2023-06-04 17:56:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 6: General discussion on the government's annual estimate of revenue and expenditure (budget) for the fiscal year (FY) 2023/24 has started in the House of Representatives. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the lower house meeting on Monday, Finance Minister Dr Prakash Sharan Mahat presented a proposal to begin general discussion on the new fiscal year’s budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Members of Parliament taking part in the discussion expressed their views on the budget from their respective party’s perspective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Minister Dr Mahat had presented the budget for the FY 2023/24 at a joint meeting of the Federal Parliament on May 29. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-06-06', 'modified' => '2023-06-06', 'keywords' => '', 'description' => '', 'sortorder' => '17824', 'image' => '20230606113758_Parliament RSS 800.jpg', 'article_date' => '2023-06-06 11:36:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18092', 'article_category_id' => '1', 'title' => 'Army Collects Over 35,000 Kilograms of Garbage under Clean Mountain Campaign', 'sub_title' => '', 'summary' => 'June 6: The Nepalese Army has collected a total of 35,700 kgs of garbage under the Clean Mountain Campaign this year. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">June 6: The Nepalese Army has collected a total of 35,700 kgs of garbage under the Clean Mountain Campaign this year. The campaign was conducted on Mt Everest (Sagarmatha), Lhotse, Annapurna and Barunche for 55 days starting the first week of April.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">On the occasion of the successful completion of the campaign, Chief of Army Staff Prabhuram Sharma presented letters of appreciation to the team leader and Sherpas involved in the campaign. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">At the closing ceremony of the campaign held on Monday at the NA headquarters, CoAS Sharma also announced that the NA will sponsor the education cost of the children of Phurba Sherpa and Angkami Sherpa, who died while returning from the mountain summit during the clean-up campaign. Four of the six people who fell ill during the campaign are currently undergoing treatment in Mumbai, India.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">At the program, CoAS Sharma thanked all those involved in the campaign for completing the task of garbage collection and climbing even in difficult and adverse conditions. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Secretary at the Ministry of Culture, Tourism and Civil Aviation, Suresh Adhikari, stressed on the need to give continuity to the campaign to protect the sustainability of nature and environment.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The army initiated the Clean Mountain Campaign in 2019 and has collected 190 tons of garbage from different mountains.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-06', 'modified' => '2023-06-06', 'keywords' => '', 'description' => '', 'sortorder' => '17823', 'image' => '20230606110117_1 (3).JPG', 'article_date' => '2023-06-06 11:00:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18091', 'article_category_id' => '1', 'title' => 'Eleven More Companies including One Stock Dealer Granted Broker Licenses', 'sub_title' => '', 'summary' => 'The Securities Board of Nepal (SEBON) has decided to grant broker licenses to an additional 11 companies. According to the board's spokesperson, Mukti Shrestha, 11 more companies that have fulfilled the prerequisites as per the Securities Dealers (Stock Broker, Securities Dealer and Market Maker) Regulations, 2064 (2008) will be awarded broker licenses.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 6: The Securities Board of Nepal (SEBON) has decided to grant broker licenses to an additional 11 companies. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">According to the board's spokesperson, Mukti Shrestha, 11 more companies that have fulfilled the prerequisites as per the Securities Dealers (Stock Broker, Securities Dealer and Market Maker) Regulations, 2064 (2008) will be awarded broker licenses.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Among them, Nabil Securities Limited, with a paid-up capital of Rs. 1.5 billion, has been granted a dealer's license, while Mega Stock Market Limited, with a paid-up capital of Rs. 600 million, has been granted a license to operate as a full-service securities broker.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Limited securities broker licenses have been granted to several companies with a paid-up capital of Rs. 200 million. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The companies that have been granted broker licenses include Elite Stock House Limited, Infinity Securities Limited, Index Securities Limited, Shubhakamana Securities Pvt. Ltd., Hatemalo Financial Services Pvt. Ltd., Money World Share Exchange Pvt. Ltd., Machhapuchchhre Securities Limited, K.V.L. Securities Limited, and Kalash Stock Market Pvt. Ltd.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The board had received applications for broker licenses from a total of 46 companies. Among the applications, 41 companies had applied to operate as limited securities brokers, four companies as full-service securities brokers, and one company applied for a dealer license. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">However, one company did not meet the qualification criteria, one company was scrapped, and one company withdrew its application. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">According to the SEBON, application of Eagle Stock Equity Private Limited, which applied to operate as a limited securities broker, failed to meet the criteria as it was not submitted in the prescribed format. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The application of NIC Asia Securities Company, which applied to operate as a limited securities broker, was scrapped. Additionally, Century Stock Broker Limited, which initially applied to operate as a full-service securities broker, has withdrawn its application. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Previously, the SEBON had granted the letters of intent to the 43 companies for brokerage licenses. In the first phase, the board had granted broker licenses to seven companies to work as a limited service brokers.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">These seven companies are now preparing to start their services within the same fiscal year and become members of the Nepal Stock Exchange (NEPSE). </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">These companies have already filed their applications for membership with Nepal Stock Exchange to start their services from this year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, an additional 11 companies that were granted broker licenses by the board will also need to acquire NEPSE membership to begin their operations. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> There are still 25 companies out of the 43 that have received letters of intent pending the issuance of broker licenses.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Among the 43 companies that have received letters of intent for brokerage licenses, one is a stock dealer, 39 are limited securities brokers, and three are full-service securities broker companies. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Among the 18 companies that have obtained broker licenses so far, one is a stock dealer, one is a full-service securities broker, and 16 are limited securities broker companies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Out of the 43 companies that have been granted the letters of intent for broker licenses, 12 are subsidiary companies of 'Class A' banks, and 31 are other institutions. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Companies entering the securities market with strong capital will increase market competition, transparency, service levels, and competition in terms of service and pricing, providing confidence to investors, according to the SEBON. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-06', 'modified' => '2023-06-06', 'keywords' => '', 'description' => '', 'sortorder' => '17822', 'image' => '20230606062948_collage (9).jpg', 'article_date' => '2023-06-06 06:26:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '18090', 'article_category_id' => '1', 'title' => 'Banks Demand Issuance of Rights Shares or Bonds to Ease Pressure on Primary Capital', 'sub_title' => '', 'summary' => 'June 5: Banks that have been aggressively expanding their business by increasing their capital through mergers and acquisitions have started to experience pressure on their primary capital.', '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 5: Banks that have been aggressively expanding their business by increasing their capital through mergers and acquisitions have started to experience pressure on their primary capital.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As the capital adequacy ratio of commercial banks started to become less than the limit set by the Nepal Rastra Bank (NRB), they have started to demand the issuance of rights shares or bonds to increase their capital so that they can be counted as primary capital.</span></span></span></span></p> <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 Nepal Rastra Bank, the average capital adequacy ratio of commercial banks in Nepal as of mid-April was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10.16</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. In mid-July last year, this ratio was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10.73</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Banks must maintain a capital adequacy ratio of at least </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. If the capital adequacy ratio is less than specified, the central bank will not allow such banks to distribute dividends. </span></span></span></span></p> <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"">Banks have not been able to expand their business even though the liquidity has eased because of the pressure on the capital adequacy ratio while disbursing loans.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In mid-April, the capital adequacy ratio of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> banks was in single digit. Among them, Prabhu Bank had the lowest at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.61</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. Similarly, Siddharth, NIC Asia and Machhapuchche banks also had a capital adequacy ratio of less than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Laxmi Bank and Sunrise Bank, which are under pressure in terms of capital, have already entered into an agreement for merger and have started the process.</span></span></span></span></p> <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"">Banker Sunil KC said that due to the pressure of capital adequacy ratio on some banks, they have requested the Nepal Rastra Bank through the Nepal Bankers Association for the option of issuing rights share or bonds. "The capital adequacy ratio of all banks is not in a difficult situation though," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">By mid-May of the current fiscal year, commercial banks have extended loans of only Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">123</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.77 billion while collecting deposits of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">299</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion. The average credit-deposit ratio (CD ratio) of banks has fallen to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">86.34</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. However, banks have not extended loans due to the pressure of capital.</span></span></span></span></p> <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"">Ashoke Rana, Chief Executive Officer of Himalayan Bank, said that banks with low primary capital have been asked to make arrangements to issue rights shares. "We have requested banks that are under pressure due to primary capital to issue bonds that are counted as capital," he said, "We are hopeful that this will be addressed through the upcoming monetary policy."</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The central bank has raised the risk weight of personal overdraft and vehicle purchase loans as well as real estate and share mortgage loans to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">150</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent and the risk weight of Trust Receipt (TR) loans to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">120</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. Due to this, the capital adequacy ratio has narrowed down as the risk in the loans of banks have increased.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17821', 'image' => '20230605054400_Banks - Copy.jpg', 'article_date' => '2023-06-05 17:43:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18089', 'article_category_id' => '1', 'title' => 'NEPSE’s Rise Fails to Sustain as Traders Book Profit', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE), which saw a rise of 53 points on Sunday, decreased on Monday. The market witnessed a correction after the traders booked their profits in the market. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">June 5: The Nepal Stock Exchange(NEPSE), which saw a rise of 53 points on Sunday, decreased on Monday. </span></span></span></span><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">The market witnessed a correction after the traders booked their profits in the market. Although the NEPSE index fell, the transaction amount increased compared to Sunday. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">In the bearish market, traders tend to book their profits when the market notices an increase, resulting in a correction in the market in verey three to four days. </span></span></span></span><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">Investors had increased their purchase after the Ministry of Finance finalized the Capital Gains Tax(CGT) at 5% and 7.5% yesterday. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">Experienced investors and experts say that it is common for the market to decrease the day after it rises. They argue that stock market will see a positive move in the near future as liquidity is easing in the banking system and interest rates are going to decrease.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">The NEPSE index closed at 1,901.99 today after losing 17.38 points from the last trading day's closing. This marks a loss of 0.91%. The index gained 53.03 points yesterday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">A total of 277 scrips traded hands via 36,568 transactions. As many as 5,620,381 shares exchanged hands amounting to Rs. 1.97 Arba in turnover amount. This is higher than the last trading day's turnover of Rs. 1.65 Arba.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">SHIVAM CEMENTS LTD (SHIVM) shares traded the most and had the highest turnover of Rs. 19.89 crores closing at a market price of Rs. 465 per share.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">River Falls Power Limited (RFPL) gained the highest 10% and hit the positive for the day.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">Conversely, SHIVAM CEMENTS LTD (SHIVM) lost the highest 4.50% today.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">All sector indices closed red, "Manufacturing and Processing" lost the highest 2.46% while "Mutual Fund" lost the least 0.23% today.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:13.5pt"><span style="font-family:"Open Sans",sans-serif">Moreover, the sensitive index decreased by 0.79%, the float index decreased by 0.89%, and the sensitive float index decreased by 0.68% respectively. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17820', 'image' => '20230605045810_collage (3).jpg', 'article_date' => '2023-06-05 16:55:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18087', 'article_category_id' => '1', 'title' => 'One to Watch Announces Business Upliftment Plan to Support SMEs in Suryabinayak Municipality', 'sub_title' => '', 'summary' => 'June 5: One to Watch, an investment management company, has announced the launch of its business upliftment plan for integrated local development (BUILD), a programme designed to support small and medium enterprises (SMEs) in Suryabinayak Municipality for local economic development.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">June 5: One to Watch, an investment management company, has announced the launch of its business upliftment plan for integrated local development (BUILD), a programme designed to support small and medium enterprises (SMEs) in Suryabinayak Municipality for local economic development.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">Issuing a recent statement, One to Watch (OTW) said it has partnered with Suryabinayak Municipality of Bhaktapur district to launch the BUILD programme. The programme aims to strengthen the capacity of the Suryabinayak Municipality to engage with the private sector and include the socio-economic impact generated by SMEs for an integrated local development process. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">Supported by the Swiss Agency for Development and Cooperation Program (SDC), BUILD will be jointly implemented by One to Watch and Suryabinayak Municipality. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">Under this initiative, small and medium enterprises of Suryabinyak Municipality will get the opportunity to improve their business capacity through the execution of business development services (BDS), added the statement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">The statement further said that the application will be open till the 15th of July 2023. Entrepreneurs and SME founders who have registered their businesses in Suryabinayak Municipality are encouraged to apply and seize the opportunity, added the statement.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">Out of the applicants, 20 selected growth-oriented and scalable businesses will be chosen to receive business development support services. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">“The BDS activities will include but not be limited to master business classes, tailored sales and marketing support, financial and operational management advisory, regulatory compliance consultation, technology-adoption support, business plan development, expert networking opportunities, and fundraising opportunities,” reads the statement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">According to One to Watch, BUILD is highly beneficial for businesses that are seeking advisory and consultation services to uplift their business potential. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Helvetica","sans-serif"">“We recognize the socio-economic impact generated by SMEs, and the program promotes an integrated local development process that benefits both businesses and the community.”</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17818', 'image' => '20230605043623_PR IMG 2.jpg', 'article_date' => '2023-06-05 16:34:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18086', 'article_category_id' => '1', 'title' => 'Construction Entrepreneurs Announce Protest after Budget Fails to Address their Demands', 'sub_title' => '', 'summary' => 'June 5: The construction entrepreneurs have protested saying that the demand of the construction sector has not been addressed through the budget of the next fiscal year (FY 2023/24). ', '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 5: The construction entrepreneurs have protested saying that the demand of the construction sector has not been addressed through the budget of the next fiscal year (FY </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"">23</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"">24)</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"">The Federation of Contractors Association of Nepal (FCAN) has announced that if the government does not address the demand by the June 18, the construction work will be halted across the country and the businessmen will hand over their licenses to the state.</span></span></span></span></p> <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 federation gave this warning in a press conference in Kathmandu on Sunday. On the occasion, the president of the Federation, Ravi Singh, said that the budget did not address the important issues such as contract extension, payment, price adjustment etc. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that the contractors’ patience has run out because the government promises to fulfill its commitments, but does not to implement it in practice. He said that there is no option than to extend the deadline of all the projects by mid-June.</span></span></span></span></p> <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"">FCAN President Singh claimed that the contractors are not responsible for the delay in completing the projects because they failed to meet the deadline due to the state’s weak policies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He accused the government of trying to destroy the country's construction industry. </span></span></span></span></p> <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"">"Contrary to the principle of natural justice, there has been a practice of imposing more than one punishment on construction workers. The issue of canceling the license of construction workers has been mentioned in the budget statement, which proves that the government has become an obstacle to the development and expansion of this industry," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to President Singh, the collapse of the construction industry has adversely affected the overall economy of the state. He argues that if the government releases the money of the construction entrepreneurs, the economy will become vibrant and its positive effect will be seen in the overall economy of the country. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Former FCAN President Jairam Lamichhane, who is also an advisor to the federation, expressed his concern that if the demands of the businessmen are not addressed, the country's construction industry will be blacklisted after the mid- June. "If the government genuinely wants to protect the country's construction industry, the state should take initiatives to ease the current situation," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The General Secretary of the Federation, Roshan Dahal, said that the construction businessmen have not been paid more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">70</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion and pointed out that the state is more to blame for the projects not being completed on time. </span></span></span></span></p> <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"">However, Dahal said that some points of the budget including increasing capital expenditure, appropriating the budget only after completing all the necessary procedures, making the head of the project responsible and accountable, updating the records of construction professionals through the Public Procurement Monitoring Office, tax exemptions are positive.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He added that the protest is not a desire but a compulsion of the businessmen. Also, it was said that there is a tendency of the state to announce random projects for political interests, but not to pay the money to the businessmen even after the completion of the project.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17817', 'image' => '20230605035206_fcann.jpg', 'article_date' => '2023-06-05 15:51:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18085', 'article_category_id' => '1', 'title' => 'Nepal to Approve New Destinations for Foreign Employment', 'sub_title' => '', 'summary' => 'June 5: The government is preparing to open new destinations for foreign employment.', '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 5: The government is preparing to open new destinations for foreign employment. Organising a press conference at the Ministry of Labour, Employment and Social Security on Sunday, the ministry officials said that the government is preparing to open up new countries for foreign employment including Iraq, which has been banned, and Germany.</span></span></span></span></p> <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"">Speaking at the event, Minister for Labour, Employment and Social Security Sharat Singh Bhandari said that the ministry is determined to deal with issues related to labor and employment with due diligence. He mentioned that the ministry is working to foreign employment sector more organized by facilitating easy access of workers to the labor market. </span></span></span></span></p> <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"">Stating that the challenges seen in the labor sector will be addressed in collaboration with the local level, Minister Bhandari expressed his determination to bring the foreign employer companies that do not follow the prescribed standards under the scope of action. </span></span></span></span></p> <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"">It was also informed on the occasion that Nepal’s embassies have been told to take the initiative and try to study the prospect of sending workers for foreign employment to the countries that have established diplomatic relations with Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The ministry said that Nepal is taking initiatives for labor agreements with Germany and Romania in the near future.</span></span></span></span></p> <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 ministry added that the situation in Iraq is not like in the past and is preparing to open it for foreign employment after evaluating the current situation. The Secretary of the Ministry, Ek Narayan Aryal, informed that work has been done to give labor permits to all the countries of the world with which diplomatic relations have been established.</span></span></span></span></p> <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 situation in Iraq today is not like yesterday, reconstruction works are going on in Iraq and there is a demand for workers from there, the situation in Iraq today has to be evaluated," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal has established diplomatic relations with </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">179</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> countries so far. However, although </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">111</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> countries are open for foreign employment, Afghanistan, Libya and Iraq have been blacklisted so that Nepalis cannot go there for foreign employment.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17816', 'image' => '20230605025439_foreign emp.jpg', 'article_date' => '2023-06-05 14:54:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18084', 'article_category_id' => '1', 'title' => 'Goldman Becoming Centre of Attraction at Pokhara's Lakeside', 'sub_title' => '', 'summary' => 'June 5: There is an object that looks like a 'statue' of a person covered in gold on the shore of Fewa Lake. ', '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"">Sunil Sharma</span></span></span></span></p> <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 5: There is an object that looks like a 'statue' of a person covered in gold on the shore of Fewa Lake. Some people take photos with the golden statue. Some are seen making Tiktok videos. This is a recurrent scene one can view frequently at Lakeside Pokhara from 11 am to 5 pm.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although the object looks like a statue at a glance, it is not an idol but a living person. It is hard to believe that a real person can impersonate a statue and stand still for hours.</span></span></span></span></p> <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 person is none other than Ankit Shahi of Okhaldhunga. He is better known as the Goldman in the locality.</span></span></span></span></p> <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"">It is not because he is a gold dealer or he makes gold jewelry but because of the golden colour he puts all over his body.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He is not doing this out of desire, but out of compulsion. The reason for this is to meet the daily expenses of his family.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He says that after the closure of the business during the lockdown, he opted to his job to support his family's expenses. Before starting this odd job, he worked in India for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10-12</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"After the closure of the business due to the lockdown, I started this profession," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The source of his income is the donations given by the tourists who come to visit the Fewa Lake. In front of him is a golden colored box to collect the money. </span></span></span></span></p> <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"">This is how he makes a living for his family. His family of three includes his mother and sister.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He is now used to standing like an idol for hours without moving. When asked isn't it difficult to stay in one position for hours like this? He says, "It was difficult in the beginning. Now it has become a habit with constant effort. He had previously done this stunt in India for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He is now viral on Tiktok too. He also goes live on Tiktok. Tourists who come to the Fewa Lake consider him to be an idol and make a Tiktok video. Some of them take photos.</span></span></span></span></p> <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"">Locals claim that he is the first to do such a “weird” thing in Nepal, even though people are seen earning income by becoming 'Idols' in foreign countries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He says he is sad that he has to do such stunt to make a living. However, he did not reveal the reason for his sadness. </span></span></span></span></p> <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"">“I left this profession and came to Nepal. Now I have to do the same thing all again in Nepal," he said.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17815', 'image' => '20230605020519_Goldman 2_1685701835.jpg', 'article_date' => '2023-06-05 14:04:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18083', 'article_category_id' => '1', 'title' => 'Himalayan Travel Mart to Kick off on Tuesday', 'sub_title' => 'The event is being held for the first time after Covid-19 pandemic', 'summary' => 'June 5: The fourth edition of the Himalayan Travel Mart is scheduled to be held in Kathmandu from June 6 to 9. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 5: The fourth edition of the Himalayan Travel Mart is scheduled to be held in Kathmandu from June 6 to 9. The event, which aims to promote Nepal's tourism industry, is being organised by the Nepal chapter of the Pacific Asia Travel Association (PATA) with the support of the Ministry of Culture, Tourism and Civil Aviation, the Nepal Tourism Board, the Nepal Airlines Corporation, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to PATA Nepal Chapter’s Chief Executive Officer Suresh Singh Badal, preparations have been completed for the Nepal’s premier international travel and tourism trade show. It will be attended by over 400 representatives from 25 nations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“Its business session will be attended by 50 buyers from around the globe and 50 sellers/exhibitors with diverse tourism products,” said Badal </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Special sessions will be held focused on the post-COVID-19 tourism recovery campaign and the operations of the Gautam Buddha and Pokhara international airports efficiently. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Experts from the related field will be invited for their opinions on the ways for operating the two newly launched international airports in an effective way. A plenary session on 'Unlocking the potentials of Nepal's new international airports: strategies for market linkage, marketing, branding and more to drive tourism growth' has been scheduled during the Mart. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prime Minister Pushpa Kamal Dahal will inaugurate the event on June 6. The travel mart is being organized on the theme of 're-connecting, rebuilding and reinvigorating'. Minister for Culture, Tourism and Civil Aviation, Sudan Kirati, will also attend the event. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The event was held annually from 2017-19 and it was halted since 2019 due to COVID -19 pandemic. The objective of the mart is to develop Nepal as a gateway to the Himalaya and a hub of adventure tourism. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17814', 'image' => '20230605010417_1685937494.himalaya travel mart.jpg', 'article_date' => '2023-06-05 13:03:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18082', 'article_category_id' => '1', 'title' => 'Nepal-India Digital Transaction to Facilitate Students, Pilgrims and Tourists: NRB Governor ', 'sub_title' => '', 'summary' => 'June 5: Nepal Rastra Bank (NRB)’s Governor Maha Prasad Adhikari has said that Nepali students studying in India will no longer face problems once the Nepal-India cross border transaction comes into operation.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 5: Nepal Rastra Bank (NRB)’s Governor Maha Prasad Adhikari has said that Nepali students studying in India will no longer face problems once the Nepal-India cross border transaction comes into operation. Governor Adhikari said that the new arrangement will also facilitate Nepali pilgrims who face difficulties in India.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal and India had recently signed a Memorandum of Understanding (MoU) for cross-border digital payment during Prime Minister Pushpa Kamal Dahal’s recent state visit to India. The MoU is expected to facilitate people of both countries for digital transactions.</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"">"There is the issue of payment for the Indian tourists visiting Nepal. Also, those Nepalis going to India for study and for pilgrims used to face difficulties," said Governor Adhikari, adding that the cross-country digital transaction would aid in making payment easier. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">He made such remarks while receiving a report on digital transaction between Nepal and India prepared by a team of the Economic Media Operators Association of Nepal (EMAN).</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 team had prepared the report after conducting studies in various cities in India including the Indian capital New Delhi for two weeks. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The association handed over the report to the NRB governor on Sunday amid a programme organized at NRB, according to EMAN President Royal Acharya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Receiving the report, Governor Adhikari thanked EMAN for conducting the study on cross-country digital transaction, which he believed, would be useful for the NRB.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span><br /> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17813', 'image' => '20230605121812_20201211011108_20200407080848_IMG_4955 - Copy.jpg', 'article_date' => '2023-06-05 12:17:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18081', 'article_category_id' => '1', 'title' => 'Hackers Incur Huge Loss to Nepali Travel Agencies', 'sub_title' => '', 'summary' => 'June 5: Nepal’s travels agencies that have been selling international air tickets through Global Distribution System (GDS) were hacked recently. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 5: Nepal’s travels agencies that have been selling international air tickets through Global Distribution System (GDS) were hacked recently. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A group of foreign hackers hacked the ticket sales system of the international air service company that resulted in the loss of millions of rupees. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hackers have incurred big loss to the Nepali travels agencies by sending them fake emails on behalf of foreign GDS Company and issuing the tickets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Among the Nepali companies bearing loss due to hacking include Deurali Travels, Cosmo Travels and C Link Travels. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The foreign hackers were found to have issued tickets worth Rs 6 million to Rs 8 million from each company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chairperson of Nepal Association of Tour and Travel Agents (NATTA) Ramesh Thapa said that the foreign hackers issued tickets over the night by sending email to the Nepali travels companies on behalf of GDS Company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“It was found that hackers cheated the companies by sending fake email from GDS with logo. With this incident coming to light, Nepali travel companies are fearful,” he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chair Thapa further shared that the hackers were issuing most of the tickets to Morocco. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The victim companies have already registered a case at the cyber bureau of Nepal Police. Anupa Budhathoki, general manager of Sewar Network Nepal that has been providing GDS service to Nepali travel companies said foreign hackers had incurred loss to Nepali ticket agencies by sending fake email in the name of GDS Company. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17812', 'image' => '20230605113221_1685939980.traval.jpg', 'article_date' => '2023-06-05 11:31:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18080', 'article_category_id' => '1', 'title' => ' 15 Murrah Buffalo Bulls from India to Be Used for Crossbreeding Programme to Boost Milk Production', 'sub_title' => '', 'summary' => 'he Government of Nepal is set to receive 15 Murrah buffalo bulls from the Government of India, which will be utilized for crossbreeding purposes through artificial insemination. This initiative aims to enhance milk production in Nepal by implementing crossbreeding techniques on a significant scale of up to 100,000 buffaloes.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 18: The Government of Nepal is set to receive 15 Murrah buffalo bulls from the Government of India, which will be utilized for crossbreeding purposes through artificial insemination. This initiative aims to enhance milk production in Nepal by implementing crossbreeding techniques on a significant scale of up to 100,000 buffaloes.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Ministry of Agriculture and Livestock Development has announced that the introduction of these Murrah buffalo bulls and subsequent artificial insemination procedures will result in a substantial increase in milk production.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">It is projected that within three years, after producing approximately 150,000 doses of semen from the 15 bulls, there will be notable growth in milk production across the crossbred buffaloes.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">During the recent visit of Prime Minister Pushpa Kamal Dahal 'Prachanda' to India, a memorandum of understanding was signed to facilitate the provision of Murrah buffalo bulls to Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Ministry emphasizes that the acquisition of these bulls was based on discussions held between Nepal and India during the Nepal-India Joint Agriculture Group meeting in 2018.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Preparations are currently underway for Nepali experts and technicians to visit Indian farms and observe the technical aspects related to this crossbreeding program. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Once the technical details are finalized, the Murrah buffalo bulls will be made available to Nepal through customs points on the Indian side, and they will be managed in offices of the National Livestock Breeding Office located in Pokhara, Nepalgunj, and Lahan.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17811', 'image' => '20230605060408_collage (8).jpg', 'article_date' => '2023-06-05 06:02:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '18079', 'article_category_id' => '1', 'title' => 'Bharatpur Municipality Embarks on the Modernization of Ancient Kamalpokhari to Boost Tourism', 'sub_title' => '', 'summary' => 'The construction work of the ancient pond 'Kamalpokhari' located in Patihani has started at Bharatpur Municipality Ward No. 22. With an estimated cost of NPR 4.5 million, this pond is set to be completed next year, targeting Bharatpur Visit Year-2024.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 5: The construction work of the ancient pond 'Kamalpokhari' located in Patihani has started at Bharatpur Municipality Ward No. 22. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> With an estimated cost of NPR 4.5 million, this pond is set to be completed next year, targeting Bharatpur Visit Year-2024. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">After the completion of the pond, various structures such as a children's park, Tharu Cultural House, rest points, selfie points, and boating facilities will be constructed in the vicinity, according to Ward Chairman Bishnu Raj Mahato.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Tharu people believe that performing religious rituals in the Kamalpokhari and then releasing water into the Sundhara (a small canal) from the same pond has various traditional significances. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Therefore, the Tharu community has been conducting worship ceremonies in the pond for centuries. However, now the local government has allocated it as a commercial tourist destination. The concrete construction is underway to modernize the pond that has been adorned with lotus flowers for centuries.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">According to Ward Chairman Mahato, the construction work has been carried out as per the Detailed Project Report (DPR). He mentioned, "This year, the ward has already spent 5.3 million rupees for the construction. We are constructing the structure of the pond in the shape of a lotus."</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> He also mentioned that two bridges will be constructed from both ends of the pond in the park under the name 'Kamalpokhari Park'. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The metropolis plans to complete the construction work prior to the Bharatpur Visit 2024. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Kamalpokhari covers an area of approximately three bighas, while the water surface of the pond is only about one bigha. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Park Construction Consumer Committee Chairman Madhav Acharya stated that the design of the pond has been sought to give it a modern touch without neglecting its original form. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Maharjan said, "We are not going to demolish the ancient structure of the pond but rather incorporate modernity according to the present time. We are also looking to connect Kamalpokhari with Umbrella Street and make it an attraction for tourists." </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">He further mentioned the inclusion of covered halls, Tharu museum, sports activities, and cultural events to enhance the attractiveness of Kamalpokhari. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Local conservation activist Apil Ghimire emphasized to preserve the natural structure of Kamalpokhari. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Ghimire said, "We should not touch the ancient and archaeological structure, even if other structures are constructed outside the pond. We must maintain the integrity of the structure inside the pond." </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Although the pond benefits the metropolis from a business perspective, concrete structures will adversely affect natural and biological diversity of the pond. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Sitting at the lap of Chitwan National Park, the area is incorporated in 100 top tourist destinations in Nepal.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-05', 'modified' => '2023-06-05', 'keywords' => '', 'description' => '', 'sortorder' => '17810', 'image' => '20230605053735_collage (10) (1).jpg', 'article_date' => '2023-06-05 05:34:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '18078', 'article_category_id' => '1', 'title' => 'PATA Summit and Adventure Travel Mart 2023 Concludes', 'sub_title' => '', 'summary' => 'June 4: The 'PATA Annual Summit and Adventure Travel Mart 2023' organized by the Pacific Asia Travel Association (PATA), an umbrella organization of travel associations in the Asia Pacific region, concluded in the lake city of Pokhara on Friday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">June 4: The 'PATA Annual Summit and Adventure Travel Mart 2023' organized by the Pacific Asia Travel Association (PATA), an umbrella organization of travel associations in the Asia Pacific region, concluded in the lake city of Pokhara on Friday laying emphasis on sustainable tourism and digitization.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Renowned speakers from the national and international travel industry attended the summit and discussed issues related to sustainable tourism, crisis management, air safety, social media, adventure and mountain tourism.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the third time that Nepal hosted the Adventure Travel Mart and the Pata Annual Summit for the first time.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The best photos related to tourism and adventure taken in different places of the country were also put up for display during a photo exhibition held along with the summit and the travel mart, said Sunil Sharma, central member and program coordinator of NFPJ, the organizer of the photo exhibition. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The four-day event, which kicked off on Tuesday, was jointly organized by the Ministry of Culture, Tourism and Civil Aviation, Nepal Tourism Board (NTB), PATA, Pokhara Metropolitan City and Pokhara Tourism Council. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the summit, experts stressed that sustainable tourism is a necessity for economic development.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">They argued that digitization should also be taken hand-in-hand for the development and promotion of tourism the changing context of the present-day world. They added that tourism industry across the world is gradually returning to the pre-pandemic situation but is suffering due to the impacts of global economic recession. According to experts, the world's tourism will have to wait for about a year to return to its pre-pandemic condition.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-04', 'modified' => '2023-06-04', 'keywords' => '', 'description' => '', 'sortorder' => '17809', 'image' => '20230604055713_pata.jpg', 'article_date' => '2023-06-04 17:56:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
