With revelations of full details of Nepal’s 2021 census, significant data determining country’s economy have started to come out. As per the latest census of 2021, the financially active population aged 10 and above is 1,49,83310 in the…
With revelations of full details of Nepal’s 2021 census, significant data determining country’s economy have started to come out. As per the latest census of 2021, the financially active population aged 10 and above is 1,49,83310 in the…
May 4: Police have so far detained eight people for the investigation into their alleged involvement in swindling millions of rupees from people on the pretest of sending them to the United States of America in the guise of Bhutanese…
May 4: The total deposits of banks and financial institutions (BFIs) have reached Rs 5459 billion as of May 1, according to the data released by the Nepal Rastra Bank…
The Securities Board of Nepal (SEBON) has decided to grant letters of intent (LoI) to 13 additional companies for new broker…
May 4: After Nepal qualified for the World Cup Cricket Qualifier with a win over the United Arab Emirates (UAE) on March 16, Prime Minister Pushpa Kamal Dahal announced that the players of the men's national team would be rewarded with a cash prize of Rs 300,000 each.…
May 4: Nepal Stock Exchange (NEPSE) is all set to introduce a separate index 'NEPSE-30…
May 4: Search operation is underway to find the whereabouts of two people who have been missing in an avalanche that took place at Chhangru of Byas municipality-1 in Darchula on Tuesday…
May 4: The price of gold in the domestic market has reached an all-time high on Thursday with an increase of Rs 1,200 per tola (11.66 grams) compared to the previous trading…
May 4: Arrest warrants have been issued against two persons for inciting the death of well-known poultry entrepreneur of Chitwan, Shankar Kandel, on…
May 4: Prime Minister Pushpa Kamal Dahal has reshuffled and expanded the cabinet for the eighth time on Wednesday since he became the Prime Minister on December…
May 4: The government has said it is constantly making efforts to safely evacuate Nepal’s citizens from Sudan in the wake of recent spike in fighting among rival factions in the war-torn…
President Ramchandra Paudel has summoned a meeting of both the House of Representatives (HoR) and National Assembly (NA) on Sunday, May…
The Public Service Commission (PSC) has recalled the applications after it failed to recover the lost data of the applicants. The Public Service Commission (PSC) stated that despite efforts to recover lost data from its integrated data center, it has been unable to retrieve…
May 3: The police have arrested Tek Narayan Pandey, secretary at the Office of the Vice President, on charge of his involvement in a racket accused of sending Nepali citizens to the United States in the guise of Bhutanese…
he Nepal Stock Exchange (NEPSE) Index has been on a downward trend over the past few days, losing 291.84 points in the last 30 trading days, while the secondary market index has seen a rise of 199.81…
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As per the latest census of 2021, the financially active population aged 10 and above is 1,49,83310 in the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">May 5: With revelations of full details of Nepal’s 2021 census, significant data determining country’s economy have started to come out. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As per the latest census of 2021, the financially active population aged 10 and above is 1,49,83310 in the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Out of the total financially active population, 1.09% or 1,63,746 people's main occupation is banking and insurance. Of the total financially active male population, 1.14% or 90,122 people’s main occupation is banks and insurances against 1.04% or 73,624 females’ major profession being the banks and insurances.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The census also showed that Bagmati Province has the highest percentage of people involved in the banking and insurance professions at 2.35%, which is 46.63% of the total people involved in these professions.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> In contrast, Koshi Province has 0.87%, Gandaki Province has 1.20%, Madhes has 0.61%, and Lumbini Province has 0.73% population involved in banks and insurances respectively. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> Population involved in banks and insurances professions stands at 0.46% and 0.53% in Karnali and Sudurpaschim Provinces respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, the census indicated that the involvement of people in banks and insurances varies in different regions and provinces. The urban population involved in banks and insurances stands at 1.50%, while involvement in rural municipalities is 0.37%. The involvement of people in banks and insurances is 0.42% in the mountains, 1.46% in the hills, and 0.87% in Tarai.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-05', 'modified' => '2023-05-05', 'keywords' => '', 'description' => '', 'sortorder' => '17498', 'image' => '20230505065239_collage.jpg', 'article_date' => '2023-05-05 06:49:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '17762', 'article_category_id' => '1', 'title' => '106 People File Complaints against Masterminds of Fake Bhutanese Refugee Scam', 'sub_title' => '', 'summary' => 'May 4: Police have so far detained eight people for the investigation into their alleged involvement in swindling millions of rupees from people on the pretest of sending them to the United States of America in the guise of Bhutanese refugees. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 4: Police have so far detained eight people for the investigation into their alleged involvement in swindling millions of rupees from people on the pretest of sending them to the United States of America in the guise of Bhutanese refugees. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson for the Nepal Police, Deputy Inspector General Kuber Kadayat said arrest warrants have been issued against some more people and the police have been searching for them after some high-profile arrests this week. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The District Police Range, Kathmandu is looking after the case. So far 106 people from various districts have filed 20 complaints with the police against alleged swindling of a total of Rs 232.5 million, promising them to ensure their journey to the US as Bhutanese refugees. The police said though the figure of alleged victims is expected to be more than this, other people have not come into contact with the police yet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The police investigation has revealed a nexus of conmen with high-profile bureaucrats and politicians who have been engaged in the fake Bhutanese refugees scam since 2077 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A complaint against this was first registered at the Crime Investigation Bureau (CIB) Office last year. The main accused in the scam: Keshab Dulal, Sanu Bhandari and Tanka Gurung, were arrested on March 25, ten months after the registration of the complaint. After some days, Sandesh Sharma Pokhrel and Sagar Thuling were also apprehended. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Based on their statements, the involvement of Home Ministry officials and the high-profile political leadership in the scam was also established, according to the preliminary investigation report of the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report and related documents were later handed to the District Police Range, Kathmandu by the CIB Office for further investigations and to undertake legal procedures on the case. The police on May 2 arrested Dr Indrajit Rai, the then political advisor to former Home Minister Ram Bahadur Thapa and it followed the arrests of the then home secretary and incumbent secretary at the Office of the Vice President, Tek Narayan Pandey, and Sandeep Rayamajhi, son of former Energy Minister and the CPN (UML) secretary Top Bahadur Raymajhi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Police have already confiscated a cheque issued by a group of people involved in the scam mentioning Sandeep as the payee. A warrant has been issued against UML secretary Rayamajhi and Dr Rai's son Niraj as well. According to the police, Niraj is accused of receiving money from various hotels in Kathmandu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Niraj received thousands of rupees in commissions at various hotels in Kathmandu, according to a police source. </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"">"Some other persons are also under investigations. They will be arrested after collecting evidence," said a police officer involved in the investigation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The racketeers are found to have made fake identity cards of Bhutanese refugees and related documents with the government logos addressed to the Ministry of Home Affairs, it has been found. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They took between Rs 1.5 million and Rs 2 million each from their clients after making them fill out the forms. Their clients were those people aspiring to go to the United States. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They would convince their clients that the process to send them to the US was in progress through a setting with high-ranking officials at the Home Ministry and the committee relating to the resettlement of the Bhutanese refugees. In the process of manipulating the alleged victims, the group used to show various documents relating to the Home Ministry, the Labour Ministry and the committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The group is also accused of making the alleged victims visit various towns including Pathari, Belndangi, Biratnagar, Sauraha and Kathmandu in the name of collecting their biometrics. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17496', 'image' => '20230504110209_20230503063116_images.jpg', 'article_date' => '2023-05-04 23:01:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17759', 'article_category_id' => '1', 'title' => 'Banks Deposits up by Rs 6 Billion', 'sub_title' => '', 'summary' => 'May 4: The total deposits of banks and financial institutions (BFIs) have reached Rs 5459 billion as of May 1, according to the data released by the Nepal Rastra Bank (NRB).', 'content' => '<p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">May 4: The total deposits of banks and financial institutions (BFIs) have reached Rs 5459 billion as of May 1, according to the data released by the Nepal Rastra Bank (NRB).</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Prior to this, the deposits of BFIs was 5,453 billion. This is an increase of Rs 6 billion.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">With the increase in remittance inflow and tourist arrival, deposits of BFIs are continuously increasing in recent times. Banks had deposits of Rs 5,430 billion on April 4 and Rs 5,448 billion on April 19. Compared to the increase in deposits, there has been no improvement in lending.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">The central bank’s Current Macroeconomic and Financial Situation Report has also pointed out the imbalance between deposits and loans. As of February of the current fiscal year, deposits of BFIs have increased by Rs 280.57 billion (5.5 percent), while credit flow has only increased by Rs 128.18 billion (2.8 percent). In other words, the loan disbursement is less than half compared to the deposit collection of the banks in the current fiscal year.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">According to NRB, the total loan disbursement of banks and financial institutions has reached Rs 4,842 billion as of Tuesday. High interest rates of bank loans and low economic activities in the market have slowed the demand for loans. In February of this year, the average base rate of banks reached 10.64 percent, while the average interest rate on loans reached 13.03 percent.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Liquidity on the other hand is increasing due to lack of lending compared to deposits in banks. On Tuesday, the average credit-deposit ratio (CD ratio) of BFIs fell to 85.24 percent. The previous day the CD ratio was 85.32 percent.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">According to the provisions of NRB, banks can grant loans by maintaining a CD ratio of up to 90 percent. According to Tuesday's data, the banks have the capacity to extend additional loans worth Rs 258 billion. While the high interest rates have slowed down new loans, the banks have also tightened up lending because the market is not favourable.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Prakash Kumar Shrestha, executive director of NRB said, “Although the banks have the capacity to give loans of around Rs 250 billion, there is no investment. Currently, banks are in a comfortable state of liquidity. Because the interest rate is high, new loans may not have been issued.” </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">After the liquidity situation eased, BFIs reduced the interest rates on deposits since April. Commercial banks have reduced the maximum interest rate of fixed deposits to 9.99 percent.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">As the liquidity situation eased, the interbank interest rate for transactions between banks has also been maintained at 7 percent. Similarly, the interest rate of treasury bills is also decreasing. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">As per the bankers, the spread rate of deposits and loans has been reduced since March according to the instructions of NRB, so the interest rate of loans will gradually decrease and the demand for loans will gradually increase.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17493', 'image' => '20230504060241_Banks - Copy.jpg', 'article_date' => '2023-05-04 18:01:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17758', 'article_category_id' => '1', 'title' => 'SEBON Grants Letters of Intent (LoI) to 13 Additional Companies for New Broker Licenses', 'sub_title' => '', 'summary' => 'The Securities Board of Nepal (SEBON) has decided to grant letters of intent (LoI) to 13 additional companies for new broker licenses.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 4: The Securities Board of Nepal (SEBON) has decided to grant letters of intent (LoI) to 13 additional companies for new broker licenses. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">During a meeting held on Wednesday, the SEBON Board of Directors decided to grant LoIs to these companies, allowing them to operate as limited service brokers.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The new companies that have received letters of intent for licenses are Sunrise Securities Limited, JBNL Securities Limited, Share Pro Securities Private Limited, Stockcarts Securities Limited, Property Bizard Limited, Capital Hub Private Limited, Milkyway Share Broker Company Limited, Bluechip Securities Limited, Kalash Stock Market Private Limited, Money World Share Exchange Private Limited, Shuvakamana Securities Private Limited, and Miyo Securities Private Limited.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">As the SEBON had approved to give letters of intent to 16 companies earlier, the latest approval for LoIs to 13 more companies brings a total number of companies granted LoIs for new broker licenses to 29.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">According to Mukti Shrestha, spokesperson at the SEBON, the approved companies will receive full licenses after they have established the necessary infrastructure. The SEBON will inspect the infrastructure and provide the license if it meets the guidelines set by the board.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The SEBON has received a total of 46 applications for new broker licenses, including one from an existing broker company. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Additionally, the board has fixed the paid-up capital at NPR 20 million for limited broker securities, NPR 600 million for full-service broker securities, and NPR 1.50 billion for stock dealer securities.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Old broker companies have also been advised to increase their paid-up capital until Ashad of 2082 BS.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17492', 'image' => '20230504050444_collage (8).jpg', 'article_date' => '2023-05-04 17:00:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '17756', 'article_category_id' => '1', 'title' => 'Government Announces Cash Incentives for Players in a Hurry, Fails to Implement it', 'sub_title' => '', 'summary' => 'May 4: After Nepal qualified for the World Cup Cricket Qualifier with a win over the United Arab Emirates (UAE) on March 16, Prime Minister Pushpa Kamal Dahal announced that the players of the men's national team would be rewarded with a cash prize of Rs 300,000 each. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">May 4: After Nepal qualified for the World Cup Cricket Qualifier with a win over the United Arab Emirates (UAE) on March 16, Prime Minister Pushpa Kamal Dahal announced that the players of the men's national team would be rewarded with a cash prize of Rs 300,000 each. A month and a half after the announcement, the players have still not received the pledged amount.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Not only that, the players said that they have not even received the rewards announced by the state governments. At that time, the governments of Bagmati, Sudurpaschim, Madhesh, Lumbini and Gandaki provinces had announced that they would reward the players. Among them, Bagmati announced that all the players of the national cricket team will be rewarded with Rs 100,000 each. Other provinces announced that they would give rewards to players of the respective provinces only.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The government once again made a fresh announcement on Wednesday to reward the players although they are yet to receive the rewards announced earlier.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Government Spokesperson and Minister for Communication and Information Technology Rekha Sharma said that the cabinet meeting decided to reward the players of the Nepali national cricket team for being selected for the Asia Cup at the rate of Rs 600,000 for each of the qualified players. Nepal won the title of the ACC Men's Premier Cup held on Tuesday by defeating UAE to book a place in the Asia Cup, the highest level cricket tournament of Asia.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">However, it is not yet decided when the players will get this reward. Stakeholders say that the government should not delay in handing over the pledged amount as it gives encouragement and motivation to the players.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Acting Secretary of Cricket Association of Nepal (CAN) Durgaraj Pathak says that the delay in rewarding the players is likely to increase the distance between the players and CAN. He said that the players often ask him when they would receive the reward.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that officials of the Ministry of Youth and Sports have said that they will give the rewards according to the procedure.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">However, Pathak says that the provisions in the 'Sports Honors and Awards Procedure-2072' made to give rewards to the players are complicated, which is also one of the reasons for the delay in receiving the rewards.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He says that Nepali cricket players have not even received reward announced for the tri-national cricket series which they won three months ago.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Shiva Ram Neupane, joint secretary of the Ministry of Youth and Sports says that the rewards announced for the players are still in the process and will be given soon. He said, “After receiving the report from the National Sports Council, the ministry will proceed with its process to hand over the rewards.”</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17490', 'image' => '20230504034203_1683177077.jpg', 'article_date' => '2023-05-04 15:40:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17755', 'article_category_id' => '1', 'title' => 'Preparation Afoot to Launch NEPSE-30 Index', 'sub_title' => '', 'summary' => 'May 4: Nepal Stock Exchange (NEPSE) is all set to introduce a separate index 'NEPSE-30 Index’.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">May 4: Nepal Stock Exchange (NEPSE) is all set to introduce a separate index 'NEPSE-30 Index’.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to NEPSE, the new index will be released for the development, operation and management of the secondary market. It will help strengthen the secondary market transactions.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Murahari Parajuli, the spokesperson of NEPSE, preparations are being made to publicize the NEPSE-30 Index within a short time after taking suggestions from various stakeholders.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"We will take suggestions about the NEPSE-30 Index from various stakeholders and experts by May 19. If there are suggestions that can be implemented and should be addressed, this index will be launched soon by addressing those issues," said Parajuli.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">NEPSE issued a notice on May 3 and asked for opinions and suggestions from stakeholders on the proposed NEPSE-30 Index. It is said that the NEPSE-30 Index will be formulated as a market capitalization-based (value-weighted) index by including immediately tradable (free float) shares in the market.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to NEPSE, this index will reflect the market transactions and fluctuations and help in the operation of fixed-term trading instruments of derivative nature, portfolio management, Exchange Traded Fund (ETF) operations, etc.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"The NEPSE-30 Index will add a new dimension to the secondary market transactions, and investors will get more tradable tools in the future," NEPSE said, "The calculation method of this index, which has long-term importance, and the method of selecting the listed organizations to be included in it, need to be made transparent and reliable." </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The basis for the selection of listed organizations for inclusion in the proposed NEPSE-30 Index has also been specified.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“The book value per share should be higher than the paid price per share and the company with at least three years of net profit including the last fiscal year out of the last five fiscal years will be considered eligible to be in the NEPSE-30 Index," NEPSE said through a notice.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Similarly, to be listed in such an index, at least 25 per cent of the shares of the company should be issued to the general public or the free-float market capitalization of the related company should be more than one per cent of the total free-float market capitalization. Companies having at least more than 20,000 share members, with an average daily turnover of Rs 2.5 million or more during the last six months will be considered eligible to be included in the NEPSE-30 Index.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Previously, there was a discussion to bring the NEPSE-50 Index, but NEPSE decided to release the NEPSE-30 Index. Investors will get mainly three benefits from this index. First, it will show the real market situation. Secondly, NEPSE-30 can be traded as a security in itself, and thirdly, it is considered to support passive mutual funds.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">While NEPSE is preparing to implement NEPSE-30, it is not clear whether it can create an environment for its implementation or not.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Investors expect a certain percentage of profit (dividend) while investing in NEPSE, but investors who invest in the NEPSE-30 Index do not expect profit. Its profit and loss are determined based on the transaction itself.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Therefore, it is not clear whether the market is ready to invest in such an index or not. The market can only use this index as an 'investment tool'. Similarly, the company's technical analysis does not work on this index. It deals with speculation.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">When the NEPSE-30 Index is released, it will increase the work of NEPSE because it will have to look over data analysis and business regulation. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17489', 'image' => '20230504034006_1683132935.jpg', 'article_date' => '2023-05-04 15:39:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17754', 'article_category_id' => '1', 'title' => 'Search Continues for Two Missing in Darchula Avalanche ', 'sub_title' => '', 'summary' => 'May 4: Search operation is underway to find the whereabouts of two people who have been missing in an avalanche that took place at Chhangru of Byas municipality-1 in Darchula on Tuesday afternoon. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 4: Search operation is underway to find the whereabouts of two people who have been missing in an avalanche that took place at Chhangru of Byas municipality-1 in Darchula on Tuesday afternoon. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The condition of Ishwari Thapa, 28, and Chhimi Somo Thapa, 15, from Doti is still unknown. They went missing along with other three during the avalanche that occurred on May 2. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An Armed Police Force (APF) team has been mobilised to search for the missing. The avalanche on Tuesday afternoon buried tents being occupied by groups of people temporary residing there to collect Yarsagumba, a prized herb found in the high Himalayas. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Chief of Chhangru-based APF Number 50 Company Deputy Superintendent of Police, Ishwari Dutt Bhatta, said three bodies were retrieved from the avalanche-hit area on Wednesday while two women, who are relatives, are still missing. </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"">It may be noted that the bodies of Kamala Kunwar, 36 of Duhun Rural Municipality-4 and her son Praveen Kunwar, 18, and Nakki Doma Thapa, 45, of Doti were retrieved by a security team on May 3. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">People from within and outside the district trek to the highlands of Darchula to pick up Yarsa each year. </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"">Elsewhere, a yarsa collector died and another one went missing in the mountainous area of Bajhang district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prabhu Bohara of around 45 year from Surma Rural Municipality-4 was frozen to death during a blizzard while returning home after collecting yarsagumba on Tuesday, said Police Inspector Ramesh Awasthi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bohara had gone to the Chuphi forest to collect the rare caterpillar fungus. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Jhalladevi Bohara, 33, of the same rural municipality went missing in an avalanche on Tuesday. Search for her is underway, Awasthi added. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17488', 'image' => '20230504025203_20230503100034_APF.jpg', 'article_date' => '2023-05-04 14:51:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17753', 'article_category_id' => '1', 'title' => 'Gold Price Reaches Rs 111,800 per Tola ', 'sub_title' => '', 'summary' => 'May 4: The price of gold in the domestic market has reached an all-time high on Thursday with an increase of Rs 1,200 per tola (11.66 grams) compared to the previous trading day.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 4: The price of gold in the domestic market has reached an all-time high on Thursday with an increase of Rs 1,200 per tola (11.66 grams) compared to the previous trading day.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the Federation of Nepal Gold and Silver Dealers' Association, the price for hallmark gold has been fixed at Rs 111,800 per tola for Thursday while the price of worked gold is Rs 111,250. Hallmark gold was traded for Rs 110,600 on Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the price of silver has reached Rs 1,445 per tola with a rise of Rs 20 compared to Wednesday. </span></span></span></p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17487', 'image' => '20230504020951_gold newwww.jpg', 'article_date' => '2023-05-04 14:09:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17752', 'article_category_id' => '1', 'title' => 'Police Issue Arrest Warrants in Connection to Entrepreneur Kandel's Suicide', 'sub_title' => '', 'summary' => 'May 4: Arrest warrants have been issued against two persons for inciting the death of well-known poultry entrepreneur of Chitwan, Shankar Kandel, on Wednesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">May 4: <span style="font-family:"Arial Unicode MS","sans-serif"">Arrest warrants have been issued against two persons for inciting the death of well-known poultry entrepreneur of Chitwan, Shankar Kandel, on Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The arrest warrants have been issued against entrepreneur Pradip Rungta and chief accountant at his company Jivan Rawal after a first information report (FIR) was filed against the duo by the victim's family. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the FIR, the family claimed that Kandel committed suicide because of entrepreneur Rungta, who had purchased 85 percent share of his company, and the chief accountant Rawal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Superintendent of Police at the District Police Office, Chitwan Rameshwar Karki, said that cooperation and coordination was established with all police units across the country after issuing the arrest warrants. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">While receiving memorandums from the private sector, including FNCCI Chitwan Chapter, and Industry Association Chitwan, SP Karki said, "We've already issued arrest warrants. Coordination has been made with the Crime Division and CIB teams. Those accused of crime will be brought to book." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Kandel's family lodged complaint for inciting suicide. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chairman of Chitwan Chapter of FNCCI, Chun Narayan Shrestha, expressed concern over the lack of cooperation from all government bodies to the entrepreneurs who have contributed significantly to the national economy. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">“Kandel died due to such non-cooperation. The accused one must be booked,” he argued. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Protesting the death of the entrepreneur, the businesspersons and entrepreneurs of Chitwan have decided to organize peaceful agitation from Thursday. As part of the protest, a sit-in will be staged at District Police Office on Thursday, according to Chairman of Industry Association of Chitwan, Trilochan Kandel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Entrepreneur Kandel was found dead at his office, Narayangadh, on Tuesday evening. Some months back, Kandel had sold the shares of Anamol Feeds Pvt to another entrepreneur, Rungta. In course of managing the shares, Rungta and chief accountant Rawal had tortured him mentally as per a suicide note he left, according to the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Kandel, a popular figure in the district, was 52 years old. He was a resident of Bharatpur Metropolis-2. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17486', 'image' => '20230504011514_1683134101.shanker kandel.jpg', 'article_date' => '2023-05-04 13:14:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17751', 'article_category_id' => '1', 'title' => 'PM Dahal Expands Cabinet Eight Times in Five Months', 'sub_title' => '', 'summary' => 'May 4: Prime Minister Pushpa Kamal Dahal has reshuffled and expanded the cabinet for the eighth time on Wednesday since he became the Prime Minister on December 25.', '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"">May 4: Prime Minister Pushpa Kamal Dahal has reshuffled and expanded the cabinet for the eighth time on Wednesday since he became the Prime Minister on December 25.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Three ministers have been added to the cabinet led by the Prime Minister Dahal. Upon the recommendation of Prime Minister Dahal, President Ram Chandra Poudel on Wednesday appointed Dhanraj Gurung as Minister for Law, Justice and Parliamentary Affairs, Mohan Bahadur Basnet as Minister for Health and Population and Dig Bahadur Limbu as Minister for Youth and Sports.</span></span></span></span></p> <p><span style="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 a statement issued by Sagar Acharya, the spokesperson of the President's Office, they were appointed ministers by the president upon the recommendation of the prime minister. The Council of Ministers was formed on December 26</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">last year.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17485', 'image' => '20230504120034_92875562_101727424839026_8489939004500738048_n.jpg', 'article_date' => '2023-05-04 11:59:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17750', 'article_category_id' => '1', 'title' => 'Efforts Underway to Rescue Nepalis from Sudan', 'sub_title' => '', 'summary' => 'May 4: The government has said it is constantly making efforts to safely evacuate Nepal’s citizens from Sudan in the wake of recent spike in fighting among rival factions in the war-torn country. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 4: The government has said it is constantly making efforts to safely evacuate Nepal’s citizens from Sudan in the wake of recent spike in fighting among rival factions in the war-torn country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 31 Nepalis, who came in contact with the Embassy of Nepal in Cairo in this connection, 19 have been brought to Jeddah City. They were rescued with the support of Saudi Arabia on April 30 from Port Sudan, the Ministry of Foreign Affairs said in a statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, among the 19 Nepalis who have safely reached Jeddah, six have been deputed to the Dubai branch of their employer company, while 13 are waiting to return to Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Eight of them were scheduled to arrive in Kathmandu via Air Arabia on Wednesday while preparation is underway to bring the remaining five from Jazeera Airways on Thursday, the ministry added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, the government is making efforts to rescue six other Nepalis, who are in contact with the Nepali Embassy in Cairo, from Sudan via Jeddah. Other three Nepalis have been kept at a hotel in Port Sudan safely with the management of employer company and two others are safe at in Egypt, reads the press release issued by the Ministry on Wednesday. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17484', 'image' => '20230504112859_2131481-1528586910.jpg', 'article_date' => '2023-05-04 11:28:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17749', 'article_category_id' => '1', 'title' => 'President Paudel Summons Budget Session', 'sub_title' => '', 'summary' => 'President Ramchandra Paudel has summoned a meeting of both the House of Representatives (HoR) and National Assembly (NA) on Sunday, May 7.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">May 4: President Ramchandra Paudel has summoned a meeting of both the House of Representatives (HoR) and National Assembly (NA) on Sunday, May 7. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The meeting will take place at the International Conference Centre in New Baneswor at 4:00 pm.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the parliament secretariat, the session will begin with pre-budget discussions. This will provide an opportunity for members of both houses to discuss and provide input on the government's annual policy and program. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government's annual policy and programme and annual income and expenditure (budget) would be presented in the session. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In preparation for this important event, the parliament secretary Dr Bharat Raj Gautam has issued a notice requesting all HoR and NA members to attend the meeting at the designated date, time and venue.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The budget session is a significant moment in the government's calendar, as it sets out the country's financial roadmap for the coming year. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17483', 'image' => '20230504062909_collage (6).jpg', 'article_date' => '2023-05-04 06:26:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17748', 'article_category_id' => '1', 'title' => 'PSC Recalls Applications After Failure to Recover Data', 'sub_title' => '', 'summary' => 'The Public Service Commission (PSC) has recalled the applications after it failed to recover the lost data of the applicants. The Public Service Commission (PSC) stated that despite efforts to recover lost data from its integrated data center, it has been unable to retrieve it.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">May 4: The Public Service Commission (PSC) has recalled the applications after it failed to recover the lost data of the applicants.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Public Service Commission (PSC) stated that despite efforts to recover lost data from its integrated data center, it has been unable to retrieve it. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> As a result, the PSC has announced that it will be recalling all applications for the vacancy announcements made in Mangsir, Poush, and Magh months for the positions of section officer and nayab subba.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Devi Prasad Subedi, the information officer at PSC, while the data recovery process has been underway since March 7, there is no clear timeline for when the data will be fully restored. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The PSC acknowledges the inconvenience caused to job aspirants and has decided to recall the application process to ensure that no candidate is left behind due to the data loss.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Interested candidates are advised to resubmit their applications before the new deadline of June 1.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17482', 'image' => '20230504061407_collage (5).jpg', 'article_date' => '2023-05-04 06:12:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '17747', 'article_category_id' => '1', 'title' => 'Fake Bhutanese Refugee Scam: Secretary Pandey Arrested ', 'sub_title' => '', 'summary' => 'May 3: The police have arrested Tek Narayan Pandey, secretary at the Office of the Vice President, on charge of his involvement in a racket accused of sending Nepali citizens to the United States in the guise of Bhutanese refugees. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 3: The police have arrested Tek Narayan Pandey, secretary at the Office of the Vice President, on charge of his involvement in a racket accused of sending Nepali citizens to the United States in the guise of Bhutanese refugees. </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"">A team from the Metropolitan Police Range, Kathmandu arrested Pandey from Pepsikola on Wednesday, said Deputy Inspector General of Police, Kuber Kadayat, spokesperson for the Nepal Police. </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"">"Pandey has been kept at the police range, and investigations are underway," he tolf the state-owned RSS. </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"">Before being transferred to the Vice President’s Office, Pandey worked at the Ministry of Home Affairs. He is reported to have been involved in the illegal act when he was posted at the Home Ministry. </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"">Pandey’s arrest comes a day after police arrested former parliamentarian Indrajit Rai for his involvement in sending Nepalis to the United States in the guise of Bhutanese refugee. </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"">Rai was nabbed from Saukhel in Lalitpur on Tuesday morning, according to Senior Superintendent of Police (SSP) Dr Manoj Kumar KC, chief of the Kathmandu Valley Crime Investigation Office, Minbhawan. </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"">Arrested Rai, who also served as a security advisor to the then Minister for Home Affairs Ram Bahadur Thapa, has been kept at Metropolitan Police Range, Kathmandu for interrogation.</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"">Police investigations have also revealed that the Former Home Minister Thapa’s son Prateek Thapa was also involved in the racket. </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"">Sources said an arrest warrant has been issued against Thapa as well. </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"">Arrest warrants have also been issued against CPN-UML Secretary Top Bahadur Rayamajhi and his son Sandeep Rayamajhi in connection with the same case. </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"">Although the racked is involved in human trafficking, the police have filed cases of fraud against them.</span></span></span></p> ', 'published' => true, 'created' => '2023-05-03', 'modified' => '2023-05-03', 'keywords' => '', 'description' => '', 'sortorder' => '17481', 'image' => '20230503063116_images.jpg', 'article_date' => '2023-05-03 18:30:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17746', 'article_category_id' => '1', 'title' => 'NEPSE Index Continues to Decline: What Are the Causes?', 'sub_title' => '', 'summary' => 'he Nepal Stock Exchange (NEPSE) Index has been on a downward trend over the past few days, losing 291.84 points in the last 30 trading days, while the secondary market index has seen a rise of 199.81 points.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 3: The Nepal Stock Exchange (NEPSE) Index has been on a downward trend over the past few days, losing 291.84 points in the last 30 trading days, while the secondary market index has seen a rise of 199.81 points. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">This trend suggests that sellers have been dominating the buyers in the market.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Despite some recent positive developments such as the granting of letters of intent by the Securities Board of Nepal (SEBON) to 16 companies for new broker licenses and the initiation of the process to open a new private stock exchange, the NEPSE Index has not seen any improvement.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">There are reports of an onset of economic crisis in Nepal. Likewise, though banks and financial institutions have reduced interest rates on deposits, they have kept interest rates on lending stable and unchanged. This situation has affected transactions on the NEPSE Index.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">As a result of the continuous fall in the market, share investors are calling for policy-level changes to instill confidence in the stock market. The NEPSE Index has also seen a decrease in turnover amount.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">On Wednesday, the NEPSE Index lost 9.18 points or 0.49%, closing at 1,857.23, with a turnover amount of Rs. 62.02 crores. This is lower than the previous day's turnover of Rs. 69.22 crores.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The highest turnover of Rs. 3.05 crores was recorded by SHIVAM CEMENTS LTD (SHIVAM), with a closing market price of Rs. 399 per share, while the shares of HDHPC traded the most.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) gained the highest 6.09% for the day, while NIBL Growth Fund (NIBLGF) lost the highest 5.35%. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Only two sector indices - Manufacturing and Processing and Mutual Fund - closed in the green zone. "Hotel and Tourism" lost the highest 1.48% while "Mutual Fund" gained the highest 0.19%.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The Sensitive Index lost 0.33%, while the Float Index and Sensitive Float Index shed 0.53% and 0.30%, respectively.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-03', 'modified' => '2023-05-03', 'keywords' => '', 'description' => '', 'sortorder' => '17480', 'image' => '20230503054836_collage (7).jpg', 'article_date' => '2023-05-03 17:44:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17764', 'article_category_id' => '1', 'title' => 'Over 1.5 Lakhs People Employed at Banks and Insurances; Almost 50% Employees in Bagmati Province', 'sub_title' => '', 'summary' => 'With revelations of full details of Nepal’s 2021 census, significant data determining country’s economy have started to come out. As per the latest census of 2021, the financially active population aged 10 and above is 1,49,83310 in the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">May 5: With revelations of full details of Nepal’s 2021 census, significant data determining country’s economy have started to come out. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As per the latest census of 2021, the financially active population aged 10 and above is 1,49,83310 in the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Out of the total financially active population, 1.09% or 1,63,746 people's main occupation is banking and insurance. Of the total financially active male population, 1.14% or 90,122 people’s main occupation is banks and insurances against 1.04% or 73,624 females’ major profession being the banks and insurances.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The census also showed that Bagmati Province has the highest percentage of people involved in the banking and insurance professions at 2.35%, which is 46.63% of the total people involved in these professions.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> In contrast, Koshi Province has 0.87%, Gandaki Province has 1.20%, Madhes has 0.61%, and Lumbini Province has 0.73% population involved in banks and insurances respectively. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> Population involved in banks and insurances professions stands at 0.46% and 0.53% in Karnali and Sudurpaschim Provinces respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, the census indicated that the involvement of people in banks and insurances varies in different regions and provinces. The urban population involved in banks and insurances stands at 1.50%, while involvement in rural municipalities is 0.37%. The involvement of people in banks and insurances is 0.42% in the mountains, 1.46% in the hills, and 0.87% in Tarai.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-05', 'modified' => '2023-05-05', 'keywords' => '', 'description' => '', 'sortorder' => '17498', 'image' => '20230505065239_collage.jpg', 'article_date' => '2023-05-05 06:49:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '17762', 'article_category_id' => '1', 'title' => '106 People File Complaints against Masterminds of Fake Bhutanese Refugee Scam', 'sub_title' => '', 'summary' => 'May 4: Police have so far detained eight people for the investigation into their alleged involvement in swindling millions of rupees from people on the pretest of sending them to the United States of America in the guise of Bhutanese refugees. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 4: Police have so far detained eight people for the investigation into their alleged involvement in swindling millions of rupees from people on the pretest of sending them to the United States of America in the guise of Bhutanese refugees. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson for the Nepal Police, Deputy Inspector General Kuber Kadayat said arrest warrants have been issued against some more people and the police have been searching for them after some high-profile arrests this week. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The District Police Range, Kathmandu is looking after the case. So far 106 people from various districts have filed 20 complaints with the police against alleged swindling of a total of Rs 232.5 million, promising them to ensure their journey to the US as Bhutanese refugees. The police said though the figure of alleged victims is expected to be more than this, other people have not come into contact with the police yet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The police investigation has revealed a nexus of conmen with high-profile bureaucrats and politicians who have been engaged in the fake Bhutanese refugees scam since 2077 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A complaint against this was first registered at the Crime Investigation Bureau (CIB) Office last year. The main accused in the scam: Keshab Dulal, Sanu Bhandari and Tanka Gurung, were arrested on March 25, ten months after the registration of the complaint. After some days, Sandesh Sharma Pokhrel and Sagar Thuling were also apprehended. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Based on their statements, the involvement of Home Ministry officials and the high-profile political leadership in the scam was also established, according to the preliminary investigation report of the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report and related documents were later handed to the District Police Range, Kathmandu by the CIB Office for further investigations and to undertake legal procedures on the case. The police on May 2 arrested Dr Indrajit Rai, the then political advisor to former Home Minister Ram Bahadur Thapa and it followed the arrests of the then home secretary and incumbent secretary at the Office of the Vice President, Tek Narayan Pandey, and Sandeep Rayamajhi, son of former Energy Minister and the CPN (UML) secretary Top Bahadur Raymajhi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Police have already confiscated a cheque issued by a group of people involved in the scam mentioning Sandeep as the payee. A warrant has been issued against UML secretary Rayamajhi and Dr Rai's son Niraj as well. According to the police, Niraj is accused of receiving money from various hotels in Kathmandu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Niraj received thousands of rupees in commissions at various hotels in Kathmandu, according to a police source. </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"">"Some other persons are also under investigations. They will be arrested after collecting evidence," said a police officer involved in the investigation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The racketeers are found to have made fake identity cards of Bhutanese refugees and related documents with the government logos addressed to the Ministry of Home Affairs, it has been found. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They took between Rs 1.5 million and Rs 2 million each from their clients after making them fill out the forms. Their clients were those people aspiring to go to the United States. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They would convince their clients that the process to send them to the US was in progress through a setting with high-ranking officials at the Home Ministry and the committee relating to the resettlement of the Bhutanese refugees. In the process of manipulating the alleged victims, the group used to show various documents relating to the Home Ministry, the Labour Ministry and the committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The group is also accused of making the alleged victims visit various towns including Pathari, Belndangi, Biratnagar, Sauraha and Kathmandu in the name of collecting their biometrics. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17496', 'image' => '20230504110209_20230503063116_images.jpg', 'article_date' => '2023-05-04 23:01:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17759', 'article_category_id' => '1', 'title' => 'Banks Deposits up by Rs 6 Billion', 'sub_title' => '', 'summary' => 'May 4: The total deposits of banks and financial institutions (BFIs) have reached Rs 5459 billion as of May 1, according to the data released by the Nepal Rastra Bank (NRB).', 'content' => '<p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">May 4: The total deposits of banks and financial institutions (BFIs) have reached Rs 5459 billion as of May 1, according to the data released by the Nepal Rastra Bank (NRB).</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Prior to this, the deposits of BFIs was 5,453 billion. This is an increase of Rs 6 billion.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">With the increase in remittance inflow and tourist arrival, deposits of BFIs are continuously increasing in recent times. Banks had deposits of Rs 5,430 billion on April 4 and Rs 5,448 billion on April 19. Compared to the increase in deposits, there has been no improvement in lending.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">The central bank’s Current Macroeconomic and Financial Situation Report has also pointed out the imbalance between deposits and loans. As of February of the current fiscal year, deposits of BFIs have increased by Rs 280.57 billion (5.5 percent), while credit flow has only increased by Rs 128.18 billion (2.8 percent). In other words, the loan disbursement is less than half compared to the deposit collection of the banks in the current fiscal year.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">According to NRB, the total loan disbursement of banks and financial institutions has reached Rs 4,842 billion as of Tuesday. High interest rates of bank loans and low economic activities in the market have slowed the demand for loans. In February of this year, the average base rate of banks reached 10.64 percent, while the average interest rate on loans reached 13.03 percent.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Liquidity on the other hand is increasing due to lack of lending compared to deposits in banks. On Tuesday, the average credit-deposit ratio (CD ratio) of BFIs fell to 85.24 percent. The previous day the CD ratio was 85.32 percent.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">According to the provisions of NRB, banks can grant loans by maintaining a CD ratio of up to 90 percent. According to Tuesday's data, the banks have the capacity to extend additional loans worth Rs 258 billion. While the high interest rates have slowed down new loans, the banks have also tightened up lending because the market is not favourable.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Prakash Kumar Shrestha, executive director of NRB said, “Although the banks have the capacity to give loans of around Rs 250 billion, there is no investment. Currently, banks are in a comfortable state of liquidity. Because the interest rate is high, new loans may not have been issued.” </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">After the liquidity situation eased, BFIs reduced the interest rates on deposits since April. Commercial banks have reduced the maximum interest rate of fixed deposits to 9.99 percent.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">As the liquidity situation eased, the interbank interest rate for transactions between banks has also been maintained at 7 percent. Similarly, the interest rate of treasury bills is also decreasing. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">As per the bankers, the spread rate of deposits and loans has been reduced since March according to the instructions of NRB, so the interest rate of loans will gradually decrease and the demand for loans will gradually increase.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17493', 'image' => '20230504060241_Banks - Copy.jpg', 'article_date' => '2023-05-04 18:01:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17758', 'article_category_id' => '1', 'title' => 'SEBON Grants Letters of Intent (LoI) to 13 Additional Companies for New Broker Licenses', 'sub_title' => '', 'summary' => 'The Securities Board of Nepal (SEBON) has decided to grant letters of intent (LoI) to 13 additional companies for new broker licenses.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 4: The Securities Board of Nepal (SEBON) has decided to grant letters of intent (LoI) to 13 additional companies for new broker licenses. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">During a meeting held on Wednesday, the SEBON Board of Directors decided to grant LoIs to these companies, allowing them to operate as limited service brokers.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The new companies that have received letters of intent for licenses are Sunrise Securities Limited, JBNL Securities Limited, Share Pro Securities Private Limited, Stockcarts Securities Limited, Property Bizard Limited, Capital Hub Private Limited, Milkyway Share Broker Company Limited, Bluechip Securities Limited, Kalash Stock Market Private Limited, Money World Share Exchange Private Limited, Shuvakamana Securities Private Limited, and Miyo Securities Private Limited.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">As the SEBON had approved to give letters of intent to 16 companies earlier, the latest approval for LoIs to 13 more companies brings a total number of companies granted LoIs for new broker licenses to 29.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">According to Mukti Shrestha, spokesperson at the SEBON, the approved companies will receive full licenses after they have established the necessary infrastructure. The SEBON will inspect the infrastructure and provide the license if it meets the guidelines set by the board.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The SEBON has received a total of 46 applications for new broker licenses, including one from an existing broker company. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Additionally, the board has fixed the paid-up capital at NPR 20 million for limited broker securities, NPR 600 million for full-service broker securities, and NPR 1.50 billion for stock dealer securities.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Old broker companies have also been advised to increase their paid-up capital until Ashad of 2082 BS.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17492', 'image' => '20230504050444_collage (8).jpg', 'article_date' => '2023-05-04 17:00:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '17756', 'article_category_id' => '1', 'title' => 'Government Announces Cash Incentives for Players in a Hurry, Fails to Implement it', 'sub_title' => '', 'summary' => 'May 4: After Nepal qualified for the World Cup Cricket Qualifier with a win over the United Arab Emirates (UAE) on March 16, Prime Minister Pushpa Kamal Dahal announced that the players of the men's national team would be rewarded with a cash prize of Rs 300,000 each. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">May 4: After Nepal qualified for the World Cup Cricket Qualifier with a win over the United Arab Emirates (UAE) on March 16, Prime Minister Pushpa Kamal Dahal announced that the players of the men's national team would be rewarded with a cash prize of Rs 300,000 each. A month and a half after the announcement, the players have still not received the pledged amount.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Not only that, the players said that they have not even received the rewards announced by the state governments. At that time, the governments of Bagmati, Sudurpaschim, Madhesh, Lumbini and Gandaki provinces had announced that they would reward the players. Among them, Bagmati announced that all the players of the national cricket team will be rewarded with Rs 100,000 each. Other provinces announced that they would give rewards to players of the respective provinces only.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The government once again made a fresh announcement on Wednesday to reward the players although they are yet to receive the rewards announced earlier.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Government Spokesperson and Minister for Communication and Information Technology Rekha Sharma said that the cabinet meeting decided to reward the players of the Nepali national cricket team for being selected for the Asia Cup at the rate of Rs 600,000 for each of the qualified players. Nepal won the title of the ACC Men's Premier Cup held on Tuesday by defeating UAE to book a place in the Asia Cup, the highest level cricket tournament of Asia.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">However, it is not yet decided when the players will get this reward. Stakeholders say that the government should not delay in handing over the pledged amount as it gives encouragement and motivation to the players.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Acting Secretary of Cricket Association of Nepal (CAN) Durgaraj Pathak says that the delay in rewarding the players is likely to increase the distance between the players and CAN. He said that the players often ask him when they would receive the reward.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that officials of the Ministry of Youth and Sports have said that they will give the rewards according to the procedure.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">However, Pathak says that the provisions in the 'Sports Honors and Awards Procedure-2072' made to give rewards to the players are complicated, which is also one of the reasons for the delay in receiving the rewards.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He says that Nepali cricket players have not even received reward announced for the tri-national cricket series which they won three months ago.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Shiva Ram Neupane, joint secretary of the Ministry of Youth and Sports says that the rewards announced for the players are still in the process and will be given soon. He said, “After receiving the report from the National Sports Council, the ministry will proceed with its process to hand over the rewards.”</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17490', 'image' => '20230504034203_1683177077.jpg', 'article_date' => '2023-05-04 15:40:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17755', 'article_category_id' => '1', 'title' => 'Preparation Afoot to Launch NEPSE-30 Index', 'sub_title' => '', 'summary' => 'May 4: Nepal Stock Exchange (NEPSE) is all set to introduce a separate index 'NEPSE-30 Index’.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">May 4: Nepal Stock Exchange (NEPSE) is all set to introduce a separate index 'NEPSE-30 Index’.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to NEPSE, the new index will be released for the development, operation and management of the secondary market. It will help strengthen the secondary market transactions.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Murahari Parajuli, the spokesperson of NEPSE, preparations are being made to publicize the NEPSE-30 Index within a short time after taking suggestions from various stakeholders.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"We will take suggestions about the NEPSE-30 Index from various stakeholders and experts by May 19. If there are suggestions that can be implemented and should be addressed, this index will be launched soon by addressing those issues," said Parajuli.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">NEPSE issued a notice on May 3 and asked for opinions and suggestions from stakeholders on the proposed NEPSE-30 Index. It is said that the NEPSE-30 Index will be formulated as a market capitalization-based (value-weighted) index by including immediately tradable (free float) shares in the market.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to NEPSE, this index will reflect the market transactions and fluctuations and help in the operation of fixed-term trading instruments of derivative nature, portfolio management, Exchange Traded Fund (ETF) operations, etc.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"The NEPSE-30 Index will add a new dimension to the secondary market transactions, and investors will get more tradable tools in the future," NEPSE said, "The calculation method of this index, which has long-term importance, and the method of selecting the listed organizations to be included in it, need to be made transparent and reliable." </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The basis for the selection of listed organizations for inclusion in the proposed NEPSE-30 Index has also been specified.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“The book value per share should be higher than the paid price per share and the company with at least three years of net profit including the last fiscal year out of the last five fiscal years will be considered eligible to be in the NEPSE-30 Index," NEPSE said through a notice.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Similarly, to be listed in such an index, at least 25 per cent of the shares of the company should be issued to the general public or the free-float market capitalization of the related company should be more than one per cent of the total free-float market capitalization. Companies having at least more than 20,000 share members, with an average daily turnover of Rs 2.5 million or more during the last six months will be considered eligible to be included in the NEPSE-30 Index.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Previously, there was a discussion to bring the NEPSE-50 Index, but NEPSE decided to release the NEPSE-30 Index. Investors will get mainly three benefits from this index. First, it will show the real market situation. Secondly, NEPSE-30 can be traded as a security in itself, and thirdly, it is considered to support passive mutual funds.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">While NEPSE is preparing to implement NEPSE-30, it is not clear whether it can create an environment for its implementation or not.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Investors expect a certain percentage of profit (dividend) while investing in NEPSE, but investors who invest in the NEPSE-30 Index do not expect profit. Its profit and loss are determined based on the transaction itself.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Therefore, it is not clear whether the market is ready to invest in such an index or not. The market can only use this index as an 'investment tool'. Similarly, the company's technical analysis does not work on this index. It deals with speculation.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">When the NEPSE-30 Index is released, it will increase the work of NEPSE because it will have to look over data analysis and business regulation. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17489', 'image' => '20230504034006_1683132935.jpg', 'article_date' => '2023-05-04 15:39:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17754', 'article_category_id' => '1', 'title' => 'Search Continues for Two Missing in Darchula Avalanche ', 'sub_title' => '', 'summary' => 'May 4: Search operation is underway to find the whereabouts of two people who have been missing in an avalanche that took place at Chhangru of Byas municipality-1 in Darchula on Tuesday afternoon. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 4: Search operation is underway to find the whereabouts of two people who have been missing in an avalanche that took place at Chhangru of Byas municipality-1 in Darchula on Tuesday afternoon. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The condition of Ishwari Thapa, 28, and Chhimi Somo Thapa, 15, from Doti is still unknown. They went missing along with other three during the avalanche that occurred on May 2. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An Armed Police Force (APF) team has been mobilised to search for the missing. The avalanche on Tuesday afternoon buried tents being occupied by groups of people temporary residing there to collect Yarsagumba, a prized herb found in the high Himalayas. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Chief of Chhangru-based APF Number 50 Company Deputy Superintendent of Police, Ishwari Dutt Bhatta, said three bodies were retrieved from the avalanche-hit area on Wednesday while two women, who are relatives, are still missing. </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"">It may be noted that the bodies of Kamala Kunwar, 36 of Duhun Rural Municipality-4 and her son Praveen Kunwar, 18, and Nakki Doma Thapa, 45, of Doti were retrieved by a security team on May 3. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">People from within and outside the district trek to the highlands of Darchula to pick up Yarsa each year. </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"">Elsewhere, a yarsa collector died and another one went missing in the mountainous area of Bajhang district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prabhu Bohara of around 45 year from Surma Rural Municipality-4 was frozen to death during a blizzard while returning home after collecting yarsagumba on Tuesday, said Police Inspector Ramesh Awasthi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bohara had gone to the Chuphi forest to collect the rare caterpillar fungus. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Jhalladevi Bohara, 33, of the same rural municipality went missing in an avalanche on Tuesday. Search for her is underway, Awasthi added. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17488', 'image' => '20230504025203_20230503100034_APF.jpg', 'article_date' => '2023-05-04 14:51:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17753', 'article_category_id' => '1', 'title' => 'Gold Price Reaches Rs 111,800 per Tola ', 'sub_title' => '', 'summary' => 'May 4: The price of gold in the domestic market has reached an all-time high on Thursday with an increase of Rs 1,200 per tola (11.66 grams) compared to the previous trading day.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 4: The price of gold in the domestic market has reached an all-time high on Thursday with an increase of Rs 1,200 per tola (11.66 grams) compared to the previous trading day.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the Federation of Nepal Gold and Silver Dealers' Association, the price for hallmark gold has been fixed at Rs 111,800 per tola for Thursday while the price of worked gold is Rs 111,250. Hallmark gold was traded for Rs 110,600 on Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the price of silver has reached Rs 1,445 per tola with a rise of Rs 20 compared to Wednesday. </span></span></span></p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17487', 'image' => '20230504020951_gold newwww.jpg', 'article_date' => '2023-05-04 14:09:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17752', 'article_category_id' => '1', 'title' => 'Police Issue Arrest Warrants in Connection to Entrepreneur Kandel's Suicide', 'sub_title' => '', 'summary' => 'May 4: Arrest warrants have been issued against two persons for inciting the death of well-known poultry entrepreneur of Chitwan, Shankar Kandel, on Wednesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">May 4: <span style="font-family:"Arial Unicode MS","sans-serif"">Arrest warrants have been issued against two persons for inciting the death of well-known poultry entrepreneur of Chitwan, Shankar Kandel, on Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The arrest warrants have been issued against entrepreneur Pradip Rungta and chief accountant at his company Jivan Rawal after a first information report (FIR) was filed against the duo by the victim's family. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the FIR, the family claimed that Kandel committed suicide because of entrepreneur Rungta, who had purchased 85 percent share of his company, and the chief accountant Rawal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Superintendent of Police at the District Police Office, Chitwan Rameshwar Karki, said that cooperation and coordination was established with all police units across the country after issuing the arrest warrants. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">While receiving memorandums from the private sector, including FNCCI Chitwan Chapter, and Industry Association Chitwan, SP Karki said, "We've already issued arrest warrants. Coordination has been made with the Crime Division and CIB teams. Those accused of crime will be brought to book." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Kandel's family lodged complaint for inciting suicide. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chairman of Chitwan Chapter of FNCCI, Chun Narayan Shrestha, expressed concern over the lack of cooperation from all government bodies to the entrepreneurs who have contributed significantly to the national economy. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">“Kandel died due to such non-cooperation. The accused one must be booked,” he argued. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Protesting the death of the entrepreneur, the businesspersons and entrepreneurs of Chitwan have decided to organize peaceful agitation from Thursday. As part of the protest, a sit-in will be staged at District Police Office on Thursday, according to Chairman of Industry Association of Chitwan, Trilochan Kandel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Entrepreneur Kandel was found dead at his office, Narayangadh, on Tuesday evening. Some months back, Kandel had sold the shares of Anamol Feeds Pvt to another entrepreneur, Rungta. In course of managing the shares, Rungta and chief accountant Rawal had tortured him mentally as per a suicide note he left, according to the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Kandel, a popular figure in the district, was 52 years old. He was a resident of Bharatpur Metropolis-2. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17486', 'image' => '20230504011514_1683134101.shanker kandel.jpg', 'article_date' => '2023-05-04 13:14:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17751', 'article_category_id' => '1', 'title' => 'PM Dahal Expands Cabinet Eight Times in Five Months', 'sub_title' => '', 'summary' => 'May 4: Prime Minister Pushpa Kamal Dahal has reshuffled and expanded the cabinet for the eighth time on Wednesday since he became the Prime Minister on December 25.', '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"">May 4: Prime Minister Pushpa Kamal Dahal has reshuffled and expanded the cabinet for the eighth time on Wednesday since he became the Prime Minister on December 25.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Three ministers have been added to the cabinet led by the Prime Minister Dahal. Upon the recommendation of Prime Minister Dahal, President Ram Chandra Poudel on Wednesday appointed Dhanraj Gurung as Minister for Law, Justice and Parliamentary Affairs, Mohan Bahadur Basnet as Minister for Health and Population and Dig Bahadur Limbu as Minister for Youth and Sports.</span></span></span></span></p> <p><span style="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 a statement issued by Sagar Acharya, the spokesperson of the President's Office, they were appointed ministers by the president upon the recommendation of the prime minister. The Council of Ministers was formed on December 26</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">last year.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17485', 'image' => '20230504120034_92875562_101727424839026_8489939004500738048_n.jpg', 'article_date' => '2023-05-04 11:59:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17750', 'article_category_id' => '1', 'title' => 'Efforts Underway to Rescue Nepalis from Sudan', 'sub_title' => '', 'summary' => 'May 4: The government has said it is constantly making efforts to safely evacuate Nepal’s citizens from Sudan in the wake of recent spike in fighting among rival factions in the war-torn country. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 4: The government has said it is constantly making efforts to safely evacuate Nepal’s citizens from Sudan in the wake of recent spike in fighting among rival factions in the war-torn country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 31 Nepalis, who came in contact with the Embassy of Nepal in Cairo in this connection, 19 have been brought to Jeddah City. They were rescued with the support of Saudi Arabia on April 30 from Port Sudan, the Ministry of Foreign Affairs said in a statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, among the 19 Nepalis who have safely reached Jeddah, six have been deputed to the Dubai branch of their employer company, while 13 are waiting to return to Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Eight of them were scheduled to arrive in Kathmandu via Air Arabia on Wednesday while preparation is underway to bring the remaining five from Jazeera Airways on Thursday, the ministry added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, the government is making efforts to rescue six other Nepalis, who are in contact with the Nepali Embassy in Cairo, from Sudan via Jeddah. Other three Nepalis have been kept at a hotel in Port Sudan safely with the management of employer company and two others are safe at in Egypt, reads the press release issued by the Ministry on Wednesday. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17484', 'image' => '20230504112859_2131481-1528586910.jpg', 'article_date' => '2023-05-04 11:28:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17749', 'article_category_id' => '1', 'title' => 'President Paudel Summons Budget Session', 'sub_title' => '', 'summary' => 'President Ramchandra Paudel has summoned a meeting of both the House of Representatives (HoR) and National Assembly (NA) on Sunday, May 7.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">May 4: President Ramchandra Paudel has summoned a meeting of both the House of Representatives (HoR) and National Assembly (NA) on Sunday, May 7. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The meeting will take place at the International Conference Centre in New Baneswor at 4:00 pm.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the parliament secretariat, the session will begin with pre-budget discussions. This will provide an opportunity for members of both houses to discuss and provide input on the government's annual policy and program. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government's annual policy and programme and annual income and expenditure (budget) would be presented in the session. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In preparation for this important event, the parliament secretary Dr Bharat Raj Gautam has issued a notice requesting all HoR and NA members to attend the meeting at the designated date, time and venue.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The budget session is a significant moment in the government's calendar, as it sets out the country's financial roadmap for the coming year. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17483', 'image' => '20230504062909_collage (6).jpg', 'article_date' => '2023-05-04 06:26:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17748', 'article_category_id' => '1', 'title' => 'PSC Recalls Applications After Failure to Recover Data', 'sub_title' => '', 'summary' => 'The Public Service Commission (PSC) has recalled the applications after it failed to recover the lost data of the applicants. The Public Service Commission (PSC) stated that despite efforts to recover lost data from its integrated data center, it has been unable to retrieve it.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">May 4: The Public Service Commission (PSC) has recalled the applications after it failed to recover the lost data of the applicants.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Public Service Commission (PSC) stated that despite efforts to recover lost data from its integrated data center, it has been unable to retrieve it. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> As a result, the PSC has announced that it will be recalling all applications for the vacancy announcements made in Mangsir, Poush, and Magh months for the positions of section officer and nayab subba.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Devi Prasad Subedi, the information officer at PSC, while the data recovery process has been underway since March 7, there is no clear timeline for when the data will be fully restored. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The PSC acknowledges the inconvenience caused to job aspirants and has decided to recall the application process to ensure that no candidate is left behind due to the data loss.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Interested candidates are advised to resubmit their applications before the new deadline of June 1.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17482', 'image' => '20230504061407_collage (5).jpg', 'article_date' => '2023-05-04 06:12:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '17747', 'article_category_id' => '1', 'title' => 'Fake Bhutanese Refugee Scam: Secretary Pandey Arrested ', 'sub_title' => '', 'summary' => 'May 3: The police have arrested Tek Narayan Pandey, secretary at the Office of the Vice President, on charge of his involvement in a racket accused of sending Nepali citizens to the United States in the guise of Bhutanese refugees. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 3: The police have arrested Tek Narayan Pandey, secretary at the Office of the Vice President, on charge of his involvement in a racket accused of sending Nepali citizens to the United States in the guise of Bhutanese refugees. </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"">A team from the Metropolitan Police Range, Kathmandu arrested Pandey from Pepsikola on Wednesday, said Deputy Inspector General of Police, Kuber Kadayat, spokesperson for the Nepal Police. </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"">"Pandey has been kept at the police range, and investigations are underway," he tolf the state-owned RSS. </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"">Before being transferred to the Vice President’s Office, Pandey worked at the Ministry of Home Affairs. He is reported to have been involved in the illegal act when he was posted at the Home Ministry. </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"">Pandey’s arrest comes a day after police arrested former parliamentarian Indrajit Rai for his involvement in sending Nepalis to the United States in the guise of Bhutanese refugee. </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"">Rai was nabbed from Saukhel in Lalitpur on Tuesday morning, according to Senior Superintendent of Police (SSP) Dr Manoj Kumar KC, chief of the Kathmandu Valley Crime Investigation Office, Minbhawan. </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"">Arrested Rai, who also served as a security advisor to the then Minister for Home Affairs Ram Bahadur Thapa, has been kept at Metropolitan Police Range, Kathmandu for interrogation.</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"">Police investigations have also revealed that the Former Home Minister Thapa’s son Prateek Thapa was also involved in the racket. </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"">Sources said an arrest warrant has been issued against Thapa as well. </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"">Arrest warrants have also been issued against CPN-UML Secretary Top Bahadur Rayamajhi and his son Sandeep Rayamajhi in connection with the same case. </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"">Although the racked is involved in human trafficking, the police have filed cases of fraud against them.</span></span></span></p> ', 'published' => true, 'created' => '2023-05-03', 'modified' => '2023-05-03', 'keywords' => '', 'description' => '', 'sortorder' => '17481', 'image' => '20230503063116_images.jpg', 'article_date' => '2023-05-03 18:30:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17746', 'article_category_id' => '1', 'title' => 'NEPSE Index Continues to Decline: What Are the Causes?', 'sub_title' => '', 'summary' => 'he Nepal Stock Exchange (NEPSE) Index has been on a downward trend over the past few days, losing 291.84 points in the last 30 trading days, while the secondary market index has seen a rise of 199.81 points.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 3: The Nepal Stock Exchange (NEPSE) Index has been on a downward trend over the past few days, losing 291.84 points in the last 30 trading days, while the secondary market index has seen a rise of 199.81 points. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">This trend suggests that sellers have been dominating the buyers in the market.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Despite some recent positive developments such as the granting of letters of intent by the Securities Board of Nepal (SEBON) to 16 companies for new broker licenses and the initiation of the process to open a new private stock exchange, the NEPSE Index has not seen any improvement.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">There are reports of an onset of economic crisis in Nepal. Likewise, though banks and financial institutions have reduced interest rates on deposits, they have kept interest rates on lending stable and unchanged. This situation has affected transactions on the NEPSE Index.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">As a result of the continuous fall in the market, share investors are calling for policy-level changes to instill confidence in the stock market. The NEPSE Index has also seen a decrease in turnover amount.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">On Wednesday, the NEPSE Index lost 9.18 points or 0.49%, closing at 1,857.23, with a turnover amount of Rs. 62.02 crores. This is lower than the previous day's turnover of Rs. 69.22 crores.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The highest turnover of Rs. 3.05 crores was recorded by SHIVAM CEMENTS LTD (SHIVAM), with a closing market price of Rs. 399 per share, while the shares of HDHPC traded the most.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) gained the highest 6.09% for the day, while NIBL Growth Fund (NIBLGF) lost the highest 5.35%. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Only two sector indices - Manufacturing and Processing and Mutual Fund - closed in the green zone. "Hotel and Tourism" lost the highest 1.48% while "Mutual Fund" gained the highest 0.19%.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The Sensitive Index lost 0.33%, while the Float Index and Sensitive Float Index shed 0.53% and 0.30%, respectively.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-03', 'modified' => '2023-05-03', 'keywords' => '', 'description' => '', 'sortorder' => '17480', 'image' => '20230503054836_collage (7).jpg', 'article_date' => '2023-05-03 17:44:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17764', 'article_category_id' => '1', 'title' => 'Over 1.5 Lakhs People Employed at Banks and Insurances; Almost 50% Employees in Bagmati Province', 'sub_title' => '', 'summary' => 'With revelations of full details of Nepal’s 2021 census, significant data determining country’s economy have started to come out. As per the latest census of 2021, the financially active population aged 10 and above is 1,49,83310 in the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">May 5: With revelations of full details of Nepal’s 2021 census, significant data determining country’s economy have started to come out. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As per the latest census of 2021, the financially active population aged 10 and above is 1,49,83310 in the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Out of the total financially active population, 1.09% or 1,63,746 people's main occupation is banking and insurance. Of the total financially active male population, 1.14% or 90,122 people’s main occupation is banks and insurances against 1.04% or 73,624 females’ major profession being the banks and insurances.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The census also showed that Bagmati Province has the highest percentage of people involved in the banking and insurance professions at 2.35%, which is 46.63% of the total people involved in these professions.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> In contrast, Koshi Province has 0.87%, Gandaki Province has 1.20%, Madhes has 0.61%, and Lumbini Province has 0.73% population involved in banks and insurances respectively. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> Population involved in banks and insurances professions stands at 0.46% and 0.53% in Karnali and Sudurpaschim Provinces respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, the census indicated that the involvement of people in banks and insurances varies in different regions and provinces. The urban population involved in banks and insurances stands at 1.50%, while involvement in rural municipalities is 0.37%. The involvement of people in banks and insurances is 0.42% in the mountains, 1.46% in the hills, and 0.87% in Tarai.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-05', 'modified' => '2023-05-05', 'keywords' => '', 'description' => '', 'sortorder' => '17498', 'image' => '20230505065239_collage.jpg', 'article_date' => '2023-05-05 06:49:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '17762', 'article_category_id' => '1', 'title' => '106 People File Complaints against Masterminds of Fake Bhutanese Refugee Scam', 'sub_title' => '', 'summary' => 'May 4: Police have so far detained eight people for the investigation into their alleged involvement in swindling millions of rupees from people on the pretest of sending them to the United States of America in the guise of Bhutanese refugees. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 4: Police have so far detained eight people for the investigation into their alleged involvement in swindling millions of rupees from people on the pretest of sending them to the United States of America in the guise of Bhutanese refugees. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson for the Nepal Police, Deputy Inspector General Kuber Kadayat said arrest warrants have been issued against some more people and the police have been searching for them after some high-profile arrests this week. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The District Police Range, Kathmandu is looking after the case. So far 106 people from various districts have filed 20 complaints with the police against alleged swindling of a total of Rs 232.5 million, promising them to ensure their journey to the US as Bhutanese refugees. The police said though the figure of alleged victims is expected to be more than this, other people have not come into contact with the police yet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The police investigation has revealed a nexus of conmen with high-profile bureaucrats and politicians who have been engaged in the fake Bhutanese refugees scam since 2077 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A complaint against this was first registered at the Crime Investigation Bureau (CIB) Office last year. The main accused in the scam: Keshab Dulal, Sanu Bhandari and Tanka Gurung, were arrested on March 25, ten months after the registration of the complaint. After some days, Sandesh Sharma Pokhrel and Sagar Thuling were also apprehended. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Based on their statements, the involvement of Home Ministry officials and the high-profile political leadership in the scam was also established, according to the preliminary investigation report of the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report and related documents were later handed to the District Police Range, Kathmandu by the CIB Office for further investigations and to undertake legal procedures on the case. The police on May 2 arrested Dr Indrajit Rai, the then political advisor to former Home Minister Ram Bahadur Thapa and it followed the arrests of the then home secretary and incumbent secretary at the Office of the Vice President, Tek Narayan Pandey, and Sandeep Rayamajhi, son of former Energy Minister and the CPN (UML) secretary Top Bahadur Raymajhi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Police have already confiscated a cheque issued by a group of people involved in the scam mentioning Sandeep as the payee. A warrant has been issued against UML secretary Rayamajhi and Dr Rai's son Niraj as well. According to the police, Niraj is accused of receiving money from various hotels in Kathmandu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Niraj received thousands of rupees in commissions at various hotels in Kathmandu, according to a police source. </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"">"Some other persons are also under investigations. They will be arrested after collecting evidence," said a police officer involved in the investigation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The racketeers are found to have made fake identity cards of Bhutanese refugees and related documents with the government logos addressed to the Ministry of Home Affairs, it has been found. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They took between Rs 1.5 million and Rs 2 million each from their clients after making them fill out the forms. Their clients were those people aspiring to go to the United States. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They would convince their clients that the process to send them to the US was in progress through a setting with high-ranking officials at the Home Ministry and the committee relating to the resettlement of the Bhutanese refugees. In the process of manipulating the alleged victims, the group used to show various documents relating to the Home Ministry, the Labour Ministry and the committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The group is also accused of making the alleged victims visit various towns including Pathari, Belndangi, Biratnagar, Sauraha and Kathmandu in the name of collecting their biometrics. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17496', 'image' => '20230504110209_20230503063116_images.jpg', 'article_date' => '2023-05-04 23:01:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17759', 'article_category_id' => '1', 'title' => 'Banks Deposits up by Rs 6 Billion', 'sub_title' => '', 'summary' => 'May 4: The total deposits of banks and financial institutions (BFIs) have reached Rs 5459 billion as of May 1, according to the data released by the Nepal Rastra Bank (NRB).', 'content' => '<p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">May 4: The total deposits of banks and financial institutions (BFIs) have reached Rs 5459 billion as of May 1, according to the data released by the Nepal Rastra Bank (NRB).</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Prior to this, the deposits of BFIs was 5,453 billion. This is an increase of Rs 6 billion.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">With the increase in remittance inflow and tourist arrival, deposits of BFIs are continuously increasing in recent times. Banks had deposits of Rs 5,430 billion on April 4 and Rs 5,448 billion on April 19. Compared to the increase in deposits, there has been no improvement in lending.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">The central bank’s Current Macroeconomic and Financial Situation Report has also pointed out the imbalance between deposits and loans. As of February of the current fiscal year, deposits of BFIs have increased by Rs 280.57 billion (5.5 percent), while credit flow has only increased by Rs 128.18 billion (2.8 percent). In other words, the loan disbursement is less than half compared to the deposit collection of the banks in the current fiscal year.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">According to NRB, the total loan disbursement of banks and financial institutions has reached Rs 4,842 billion as of Tuesday. High interest rates of bank loans and low economic activities in the market have slowed the demand for loans. In February of this year, the average base rate of banks reached 10.64 percent, while the average interest rate on loans reached 13.03 percent.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Liquidity on the other hand is increasing due to lack of lending compared to deposits in banks. On Tuesday, the average credit-deposit ratio (CD ratio) of BFIs fell to 85.24 percent. The previous day the CD ratio was 85.32 percent.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">According to the provisions of NRB, banks can grant loans by maintaining a CD ratio of up to 90 percent. According to Tuesday's data, the banks have the capacity to extend additional loans worth Rs 258 billion. While the high interest rates have slowed down new loans, the banks have also tightened up lending because the market is not favourable.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Prakash Kumar Shrestha, executive director of NRB said, “Although the banks have the capacity to give loans of around Rs 250 billion, there is no investment. Currently, banks are in a comfortable state of liquidity. Because the interest rate is high, new loans may not have been issued.” </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">After the liquidity situation eased, BFIs reduced the interest rates on deposits since April. Commercial banks have reduced the maximum interest rate of fixed deposits to 9.99 percent.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">As the liquidity situation eased, the interbank interest rate for transactions between banks has also been maintained at 7 percent. Similarly, the interest rate of treasury bills is also decreasing. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">As per the bankers, the spread rate of deposits and loans has been reduced since March according to the instructions of NRB, so the interest rate of loans will gradually decrease and the demand for loans will gradually increase.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17493', 'image' => '20230504060241_Banks - Copy.jpg', 'article_date' => '2023-05-04 18:01:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17758', 'article_category_id' => '1', 'title' => 'SEBON Grants Letters of Intent (LoI) to 13 Additional Companies for New Broker Licenses', 'sub_title' => '', 'summary' => 'The Securities Board of Nepal (SEBON) has decided to grant letters of intent (LoI) to 13 additional companies for new broker licenses.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 4: The Securities Board of Nepal (SEBON) has decided to grant letters of intent (LoI) to 13 additional companies for new broker licenses. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">During a meeting held on Wednesday, the SEBON Board of Directors decided to grant LoIs to these companies, allowing them to operate as limited service brokers.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The new companies that have received letters of intent for licenses are Sunrise Securities Limited, JBNL Securities Limited, Share Pro Securities Private Limited, Stockcarts Securities Limited, Property Bizard Limited, Capital Hub Private Limited, Milkyway Share Broker Company Limited, Bluechip Securities Limited, Kalash Stock Market Private Limited, Money World Share Exchange Private Limited, Shuvakamana Securities Private Limited, and Miyo Securities Private Limited.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">As the SEBON had approved to give letters of intent to 16 companies earlier, the latest approval for LoIs to 13 more companies brings a total number of companies granted LoIs for new broker licenses to 29.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">According to Mukti Shrestha, spokesperson at the SEBON, the approved companies will receive full licenses after they have established the necessary infrastructure. The SEBON will inspect the infrastructure and provide the license if it meets the guidelines set by the board.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The SEBON has received a total of 46 applications for new broker licenses, including one from an existing broker company. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Additionally, the board has fixed the paid-up capital at NPR 20 million for limited broker securities, NPR 600 million for full-service broker securities, and NPR 1.50 billion for stock dealer securities.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Old broker companies have also been advised to increase their paid-up capital until Ashad of 2082 BS.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17492', 'image' => '20230504050444_collage (8).jpg', 'article_date' => '2023-05-04 17:00:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '17756', 'article_category_id' => '1', 'title' => 'Government Announces Cash Incentives for Players in a Hurry, Fails to Implement it', 'sub_title' => '', 'summary' => 'May 4: After Nepal qualified for the World Cup Cricket Qualifier with a win over the United Arab Emirates (UAE) on March 16, Prime Minister Pushpa Kamal Dahal announced that the players of the men's national team would be rewarded with a cash prize of Rs 300,000 each. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">May 4: After Nepal qualified for the World Cup Cricket Qualifier with a win over the United Arab Emirates (UAE) on March 16, Prime Minister Pushpa Kamal Dahal announced that the players of the men's national team would be rewarded with a cash prize of Rs 300,000 each. A month and a half after the announcement, the players have still not received the pledged amount.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Not only that, the players said that they have not even received the rewards announced by the state governments. At that time, the governments of Bagmati, Sudurpaschim, Madhesh, Lumbini and Gandaki provinces had announced that they would reward the players. Among them, Bagmati announced that all the players of the national cricket team will be rewarded with Rs 100,000 each. Other provinces announced that they would give rewards to players of the respective provinces only.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The government once again made a fresh announcement on Wednesday to reward the players although they are yet to receive the rewards announced earlier.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Government Spokesperson and Minister for Communication and Information Technology Rekha Sharma said that the cabinet meeting decided to reward the players of the Nepali national cricket team for being selected for the Asia Cup at the rate of Rs 600,000 for each of the qualified players. Nepal won the title of the ACC Men's Premier Cup held on Tuesday by defeating UAE to book a place in the Asia Cup, the highest level cricket tournament of Asia.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">However, it is not yet decided when the players will get this reward. Stakeholders say that the government should not delay in handing over the pledged amount as it gives encouragement and motivation to the players.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Acting Secretary of Cricket Association of Nepal (CAN) Durgaraj Pathak says that the delay in rewarding the players is likely to increase the distance between the players and CAN. He said that the players often ask him when they would receive the reward.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that officials of the Ministry of Youth and Sports have said that they will give the rewards according to the procedure.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">However, Pathak says that the provisions in the 'Sports Honors and Awards Procedure-2072' made to give rewards to the players are complicated, which is also one of the reasons for the delay in receiving the rewards.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He says that Nepali cricket players have not even received reward announced for the tri-national cricket series which they won three months ago.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Shiva Ram Neupane, joint secretary of the Ministry of Youth and Sports says that the rewards announced for the players are still in the process and will be given soon. He said, “After receiving the report from the National Sports Council, the ministry will proceed with its process to hand over the rewards.”</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17490', 'image' => '20230504034203_1683177077.jpg', 'article_date' => '2023-05-04 15:40:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17755', 'article_category_id' => '1', 'title' => 'Preparation Afoot to Launch NEPSE-30 Index', 'sub_title' => '', 'summary' => 'May 4: Nepal Stock Exchange (NEPSE) is all set to introduce a separate index 'NEPSE-30 Index’.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">May 4: Nepal Stock Exchange (NEPSE) is all set to introduce a separate index 'NEPSE-30 Index’.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to NEPSE, the new index will be released for the development, operation and management of the secondary market. It will help strengthen the secondary market transactions.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Murahari Parajuli, the spokesperson of NEPSE, preparations are being made to publicize the NEPSE-30 Index within a short time after taking suggestions from various stakeholders.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"We will take suggestions about the NEPSE-30 Index from various stakeholders and experts by May 19. If there are suggestions that can be implemented and should be addressed, this index will be launched soon by addressing those issues," said Parajuli.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">NEPSE issued a notice on May 3 and asked for opinions and suggestions from stakeholders on the proposed NEPSE-30 Index. It is said that the NEPSE-30 Index will be formulated as a market capitalization-based (value-weighted) index by including immediately tradable (free float) shares in the market.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to NEPSE, this index will reflect the market transactions and fluctuations and help in the operation of fixed-term trading instruments of derivative nature, portfolio management, Exchange Traded Fund (ETF) operations, etc.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"The NEPSE-30 Index will add a new dimension to the secondary market transactions, and investors will get more tradable tools in the future," NEPSE said, "The calculation method of this index, which has long-term importance, and the method of selecting the listed organizations to be included in it, need to be made transparent and reliable." </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The basis for the selection of listed organizations for inclusion in the proposed NEPSE-30 Index has also been specified.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“The book value per share should be higher than the paid price per share and the company with at least three years of net profit including the last fiscal year out of the last five fiscal years will be considered eligible to be in the NEPSE-30 Index," NEPSE said through a notice.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Similarly, to be listed in such an index, at least 25 per cent of the shares of the company should be issued to the general public or the free-float market capitalization of the related company should be more than one per cent of the total free-float market capitalization. Companies having at least more than 20,000 share members, with an average daily turnover of Rs 2.5 million or more during the last six months will be considered eligible to be included in the NEPSE-30 Index.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Previously, there was a discussion to bring the NEPSE-50 Index, but NEPSE decided to release the NEPSE-30 Index. Investors will get mainly three benefits from this index. First, it will show the real market situation. Secondly, NEPSE-30 can be traded as a security in itself, and thirdly, it is considered to support passive mutual funds.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">While NEPSE is preparing to implement NEPSE-30, it is not clear whether it can create an environment for its implementation or not.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Investors expect a certain percentage of profit (dividend) while investing in NEPSE, but investors who invest in the NEPSE-30 Index do not expect profit. Its profit and loss are determined based on the transaction itself.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Therefore, it is not clear whether the market is ready to invest in such an index or not. The market can only use this index as an 'investment tool'. Similarly, the company's technical analysis does not work on this index. It deals with speculation.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">When the NEPSE-30 Index is released, it will increase the work of NEPSE because it will have to look over data analysis and business regulation. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17489', 'image' => '20230504034006_1683132935.jpg', 'article_date' => '2023-05-04 15:39:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17754', 'article_category_id' => '1', 'title' => 'Search Continues for Two Missing in Darchula Avalanche ', 'sub_title' => '', 'summary' => 'May 4: Search operation is underway to find the whereabouts of two people who have been missing in an avalanche that took place at Chhangru of Byas municipality-1 in Darchula on Tuesday afternoon. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 4: Search operation is underway to find the whereabouts of two people who have been missing in an avalanche that took place at Chhangru of Byas municipality-1 in Darchula on Tuesday afternoon. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The condition of Ishwari Thapa, 28, and Chhimi Somo Thapa, 15, from Doti is still unknown. They went missing along with other three during the avalanche that occurred on May 2. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An Armed Police Force (APF) team has been mobilised to search for the missing. The avalanche on Tuesday afternoon buried tents being occupied by groups of people temporary residing there to collect Yarsagumba, a prized herb found in the high Himalayas. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Chief of Chhangru-based APF Number 50 Company Deputy Superintendent of Police, Ishwari Dutt Bhatta, said three bodies were retrieved from the avalanche-hit area on Wednesday while two women, who are relatives, are still missing. </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"">It may be noted that the bodies of Kamala Kunwar, 36 of Duhun Rural Municipality-4 and her son Praveen Kunwar, 18, and Nakki Doma Thapa, 45, of Doti were retrieved by a security team on May 3. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">People from within and outside the district trek to the highlands of Darchula to pick up Yarsa each year. </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"">Elsewhere, a yarsa collector died and another one went missing in the mountainous area of Bajhang district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prabhu Bohara of around 45 year from Surma Rural Municipality-4 was frozen to death during a blizzard while returning home after collecting yarsagumba on Tuesday, said Police Inspector Ramesh Awasthi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bohara had gone to the Chuphi forest to collect the rare caterpillar fungus. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Jhalladevi Bohara, 33, of the same rural municipality went missing in an avalanche on Tuesday. Search for her is underway, Awasthi added. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17488', 'image' => '20230504025203_20230503100034_APF.jpg', 'article_date' => '2023-05-04 14:51:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17753', 'article_category_id' => '1', 'title' => 'Gold Price Reaches Rs 111,800 per Tola ', 'sub_title' => '', 'summary' => 'May 4: The price of gold in the domestic market has reached an all-time high on Thursday with an increase of Rs 1,200 per tola (11.66 grams) compared to the previous trading day.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 4: The price of gold in the domestic market has reached an all-time high on Thursday with an increase of Rs 1,200 per tola (11.66 grams) compared to the previous trading day.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the Federation of Nepal Gold and Silver Dealers' Association, the price for hallmark gold has been fixed at Rs 111,800 per tola for Thursday while the price of worked gold is Rs 111,250. Hallmark gold was traded for Rs 110,600 on Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the price of silver has reached Rs 1,445 per tola with a rise of Rs 20 compared to Wednesday. </span></span></span></p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17487', 'image' => '20230504020951_gold newwww.jpg', 'article_date' => '2023-05-04 14:09:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17752', 'article_category_id' => '1', 'title' => 'Police Issue Arrest Warrants in Connection to Entrepreneur Kandel's Suicide', 'sub_title' => '', 'summary' => 'May 4: Arrest warrants have been issued against two persons for inciting the death of well-known poultry entrepreneur of Chitwan, Shankar Kandel, on Wednesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">May 4: <span style="font-family:"Arial Unicode MS","sans-serif"">Arrest warrants have been issued against two persons for inciting the death of well-known poultry entrepreneur of Chitwan, Shankar Kandel, on Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The arrest warrants have been issued against entrepreneur Pradip Rungta and chief accountant at his company Jivan Rawal after a first information report (FIR) was filed against the duo by the victim's family. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the FIR, the family claimed that Kandel committed suicide because of entrepreneur Rungta, who had purchased 85 percent share of his company, and the chief accountant Rawal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Superintendent of Police at the District Police Office, Chitwan Rameshwar Karki, said that cooperation and coordination was established with all police units across the country after issuing the arrest warrants. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">While receiving memorandums from the private sector, including FNCCI Chitwan Chapter, and Industry Association Chitwan, SP Karki said, "We've already issued arrest warrants. Coordination has been made with the Crime Division and CIB teams. Those accused of crime will be brought to book." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Kandel's family lodged complaint for inciting suicide. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chairman of Chitwan Chapter of FNCCI, Chun Narayan Shrestha, expressed concern over the lack of cooperation from all government bodies to the entrepreneurs who have contributed significantly to the national economy. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">“Kandel died due to such non-cooperation. The accused one must be booked,” he argued. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Protesting the death of the entrepreneur, the businesspersons and entrepreneurs of Chitwan have decided to organize peaceful agitation from Thursday. As part of the protest, a sit-in will be staged at District Police Office on Thursday, according to Chairman of Industry Association of Chitwan, Trilochan Kandel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Entrepreneur Kandel was found dead at his office, Narayangadh, on Tuesday evening. Some months back, Kandel had sold the shares of Anamol Feeds Pvt to another entrepreneur, Rungta. In course of managing the shares, Rungta and chief accountant Rawal had tortured him mentally as per a suicide note he left, according to the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Kandel, a popular figure in the district, was 52 years old. He was a resident of Bharatpur Metropolis-2. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17486', 'image' => '20230504011514_1683134101.shanker kandel.jpg', 'article_date' => '2023-05-04 13:14:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17751', 'article_category_id' => '1', 'title' => 'PM Dahal Expands Cabinet Eight Times in Five Months', 'sub_title' => '', 'summary' => 'May 4: Prime Minister Pushpa Kamal Dahal has reshuffled and expanded the cabinet for the eighth time on Wednesday since he became the Prime Minister on December 25.', '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"">May 4: Prime Minister Pushpa Kamal Dahal has reshuffled and expanded the cabinet for the eighth time on Wednesday since he became the Prime Minister on December 25.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Three ministers have been added to the cabinet led by the Prime Minister Dahal. Upon the recommendation of Prime Minister Dahal, President Ram Chandra Poudel on Wednesday appointed Dhanraj Gurung as Minister for Law, Justice and Parliamentary Affairs, Mohan Bahadur Basnet as Minister for Health and Population and Dig Bahadur Limbu as Minister for Youth and Sports.</span></span></span></span></p> <p><span style="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 a statement issued by Sagar Acharya, the spokesperson of the President's Office, they were appointed ministers by the president upon the recommendation of the prime minister. The Council of Ministers was formed on December 26</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">last year.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17485', 'image' => '20230504120034_92875562_101727424839026_8489939004500738048_n.jpg', 'article_date' => '2023-05-04 11:59:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17750', 'article_category_id' => '1', 'title' => 'Efforts Underway to Rescue Nepalis from Sudan', 'sub_title' => '', 'summary' => 'May 4: The government has said it is constantly making efforts to safely evacuate Nepal’s citizens from Sudan in the wake of recent spike in fighting among rival factions in the war-torn country. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 4: The government has said it is constantly making efforts to safely evacuate Nepal’s citizens from Sudan in the wake of recent spike in fighting among rival factions in the war-torn country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 31 Nepalis, who came in contact with the Embassy of Nepal in Cairo in this connection, 19 have been brought to Jeddah City. They were rescued with the support of Saudi Arabia on April 30 from Port Sudan, the Ministry of Foreign Affairs said in a statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, among the 19 Nepalis who have safely reached Jeddah, six have been deputed to the Dubai branch of their employer company, while 13 are waiting to return to Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Eight of them were scheduled to arrive in Kathmandu via Air Arabia on Wednesday while preparation is underway to bring the remaining five from Jazeera Airways on Thursday, the ministry added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, the government is making efforts to rescue six other Nepalis, who are in contact with the Nepali Embassy in Cairo, from Sudan via Jeddah. Other three Nepalis have been kept at a hotel in Port Sudan safely with the management of employer company and two others are safe at in Egypt, reads the press release issued by the Ministry on Wednesday. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17484', 'image' => '20230504112859_2131481-1528586910.jpg', 'article_date' => '2023-05-04 11:28:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17749', 'article_category_id' => '1', 'title' => 'President Paudel Summons Budget Session', 'sub_title' => '', 'summary' => 'President Ramchandra Paudel has summoned a meeting of both the House of Representatives (HoR) and National Assembly (NA) on Sunday, May 7.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">May 4: President Ramchandra Paudel has summoned a meeting of both the House of Representatives (HoR) and National Assembly (NA) on Sunday, May 7. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The meeting will take place at the International Conference Centre in New Baneswor at 4:00 pm.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the parliament secretariat, the session will begin with pre-budget discussions. This will provide an opportunity for members of both houses to discuss and provide input on the government's annual policy and program. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government's annual policy and programme and annual income and expenditure (budget) would be presented in the session. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In preparation for this important event, the parliament secretary Dr Bharat Raj Gautam has issued a notice requesting all HoR and NA members to attend the meeting at the designated date, time and venue.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The budget session is a significant moment in the government's calendar, as it sets out the country's financial roadmap for the coming year. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17483', 'image' => '20230504062909_collage (6).jpg', 'article_date' => '2023-05-04 06:26:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17748', 'article_category_id' => '1', 'title' => 'PSC Recalls Applications After Failure to Recover Data', 'sub_title' => '', 'summary' => 'The Public Service Commission (PSC) has recalled the applications after it failed to recover the lost data of the applicants. The Public Service Commission (PSC) stated that despite efforts to recover lost data from its integrated data center, it has been unable to retrieve it.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">May 4: The Public Service Commission (PSC) has recalled the applications after it failed to recover the lost data of the applicants.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Public Service Commission (PSC) stated that despite efforts to recover lost data from its integrated data center, it has been unable to retrieve it. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> As a result, the PSC has announced that it will be recalling all applications for the vacancy announcements made in Mangsir, Poush, and Magh months for the positions of section officer and nayab subba.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Devi Prasad Subedi, the information officer at PSC, while the data recovery process has been underway since March 7, there is no clear timeline for when the data will be fully restored. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The PSC acknowledges the inconvenience caused to job aspirants and has decided to recall the application process to ensure that no candidate is left behind due to the data loss.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Interested candidates are advised to resubmit their applications before the new deadline of June 1.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17482', 'image' => '20230504061407_collage (5).jpg', 'article_date' => '2023-05-04 06:12:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '17747', 'article_category_id' => '1', 'title' => 'Fake Bhutanese Refugee Scam: Secretary Pandey Arrested ', 'sub_title' => '', 'summary' => 'May 3: The police have arrested Tek Narayan Pandey, secretary at the Office of the Vice President, on charge of his involvement in a racket accused of sending Nepali citizens to the United States in the guise of Bhutanese refugees. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 3: The police have arrested Tek Narayan Pandey, secretary at the Office of the Vice President, on charge of his involvement in a racket accused of sending Nepali citizens to the United States in the guise of Bhutanese refugees. </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"">A team from the Metropolitan Police Range, Kathmandu arrested Pandey from Pepsikola on Wednesday, said Deputy Inspector General of Police, Kuber Kadayat, spokesperson for the Nepal Police. </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"">"Pandey has been kept at the police range, and investigations are underway," he tolf the state-owned RSS. </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"">Before being transferred to the Vice President’s Office, Pandey worked at the Ministry of Home Affairs. He is reported to have been involved in the illegal act when he was posted at the Home Ministry. </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"">Pandey’s arrest comes a day after police arrested former parliamentarian Indrajit Rai for his involvement in sending Nepalis to the United States in the guise of Bhutanese refugee. </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"">Rai was nabbed from Saukhel in Lalitpur on Tuesday morning, according to Senior Superintendent of Police (SSP) Dr Manoj Kumar KC, chief of the Kathmandu Valley Crime Investigation Office, Minbhawan. </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"">Arrested Rai, who also served as a security advisor to the then Minister for Home Affairs Ram Bahadur Thapa, has been kept at Metropolitan Police Range, Kathmandu for interrogation.</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"">Police investigations have also revealed that the Former Home Minister Thapa’s son Prateek Thapa was also involved in the racket. </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"">Sources said an arrest warrant has been issued against Thapa as well. </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"">Arrest warrants have also been issued against CPN-UML Secretary Top Bahadur Rayamajhi and his son Sandeep Rayamajhi in connection with the same case. </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"">Although the racked is involved in human trafficking, the police have filed cases of fraud against them.</span></span></span></p> ', 'published' => true, 'created' => '2023-05-03', 'modified' => '2023-05-03', 'keywords' => '', 'description' => '', 'sortorder' => '17481', 'image' => '20230503063116_images.jpg', 'article_date' => '2023-05-03 18:30:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17746', 'article_category_id' => '1', 'title' => 'NEPSE Index Continues to Decline: What Are the Causes?', 'sub_title' => '', 'summary' => 'he Nepal Stock Exchange (NEPSE) Index has been on a downward trend over the past few days, losing 291.84 points in the last 30 trading days, while the secondary market index has seen a rise of 199.81 points.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 3: The Nepal Stock Exchange (NEPSE) Index has been on a downward trend over the past few days, losing 291.84 points in the last 30 trading days, while the secondary market index has seen a rise of 199.81 points. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">This trend suggests that sellers have been dominating the buyers in the market.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Despite some recent positive developments such as the granting of letters of intent by the Securities Board of Nepal (SEBON) to 16 companies for new broker licenses and the initiation of the process to open a new private stock exchange, the NEPSE Index has not seen any improvement.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">There are reports of an onset of economic crisis in Nepal. Likewise, though banks and financial institutions have reduced interest rates on deposits, they have kept interest rates on lending stable and unchanged. This situation has affected transactions on the NEPSE Index.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">As a result of the continuous fall in the market, share investors are calling for policy-level changes to instill confidence in the stock market. The NEPSE Index has also seen a decrease in turnover amount.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">On Wednesday, the NEPSE Index lost 9.18 points or 0.49%, closing at 1,857.23, with a turnover amount of Rs. 62.02 crores. This is lower than the previous day's turnover of Rs. 69.22 crores.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The highest turnover of Rs. 3.05 crores was recorded by SHIVAM CEMENTS LTD (SHIVAM), with a closing market price of Rs. 399 per share, while the shares of HDHPC traded the most.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) gained the highest 6.09% for the day, while NIBL Growth Fund (NIBLGF) lost the highest 5.35%. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Only two sector indices - Manufacturing and Processing and Mutual Fund - closed in the green zone. "Hotel and Tourism" lost the highest 1.48% while "Mutual Fund" gained the highest 0.19%.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The Sensitive Index lost 0.33%, while the Float Index and Sensitive Float Index shed 0.53% and 0.30%, respectively.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-03', 'modified' => '2023-05-03', 'keywords' => '', 'description' => '', 'sortorder' => '17480', 'image' => '20230503054836_collage (7).jpg', 'article_date' => '2023-05-03 17:44:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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As per the latest census of 2021, the financially active population aged 10 and above is 1,49,83310 in the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">May 5: With revelations of full details of Nepal’s 2021 census, significant data determining country’s economy have started to come out. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As per the latest census of 2021, the financially active population aged 10 and above is 1,49,83310 in the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Out of the total financially active population, 1.09% or 1,63,746 people's main occupation is banking and insurance. Of the total financially active male population, 1.14% or 90,122 people’s main occupation is banks and insurances against 1.04% or 73,624 females’ major profession being the banks and insurances.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The census also showed that Bagmati Province has the highest percentage of people involved in the banking and insurance professions at 2.35%, which is 46.63% of the total people involved in these professions.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> In contrast, Koshi Province has 0.87%, Gandaki Province has 1.20%, Madhes has 0.61%, and Lumbini Province has 0.73% population involved in banks and insurances respectively. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> Population involved in banks and insurances professions stands at 0.46% and 0.53% in Karnali and Sudurpaschim Provinces respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, the census indicated that the involvement of people in banks and insurances varies in different regions and provinces. The urban population involved in banks and insurances stands at 1.50%, while involvement in rural municipalities is 0.37%. The involvement of people in banks and insurances is 0.42% in the mountains, 1.46% in the hills, and 0.87% in Tarai.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-05', 'modified' => '2023-05-05', 'keywords' => '', 'description' => '', 'sortorder' => '17498', 'image' => '20230505065239_collage.jpg', 'article_date' => '2023-05-05 06:49:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '17762', 'article_category_id' => '1', 'title' => '106 People File Complaints against Masterminds of Fake Bhutanese Refugee Scam', 'sub_title' => '', 'summary' => 'May 4: Police have so far detained eight people for the investigation into their alleged involvement in swindling millions of rupees from people on the pretest of sending them to the United States of America in the guise of Bhutanese refugees. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 4: Police have so far detained eight people for the investigation into their alleged involvement in swindling millions of rupees from people on the pretest of sending them to the United States of America in the guise of Bhutanese refugees. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson for the Nepal Police, Deputy Inspector General Kuber Kadayat said arrest warrants have been issued against some more people and the police have been searching for them after some high-profile arrests this week. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The District Police Range, Kathmandu is looking after the case. So far 106 people from various districts have filed 20 complaints with the police against alleged swindling of a total of Rs 232.5 million, promising them to ensure their journey to the US as Bhutanese refugees. The police said though the figure of alleged victims is expected to be more than this, other people have not come into contact with the police yet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The police investigation has revealed a nexus of conmen with high-profile bureaucrats and politicians who have been engaged in the fake Bhutanese refugees scam since 2077 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A complaint against this was first registered at the Crime Investigation Bureau (CIB) Office last year. The main accused in the scam: Keshab Dulal, Sanu Bhandari and Tanka Gurung, were arrested on March 25, ten months after the registration of the complaint. After some days, Sandesh Sharma Pokhrel and Sagar Thuling were also apprehended. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Based on their statements, the involvement of Home Ministry officials and the high-profile political leadership in the scam was also established, according to the preliminary investigation report of the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report and related documents were later handed to the District Police Range, Kathmandu by the CIB Office for further investigations and to undertake legal procedures on the case. The police on May 2 arrested Dr Indrajit Rai, the then political advisor to former Home Minister Ram Bahadur Thapa and it followed the arrests of the then home secretary and incumbent secretary at the Office of the Vice President, Tek Narayan Pandey, and Sandeep Rayamajhi, son of former Energy Minister and the CPN (UML) secretary Top Bahadur Raymajhi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Police have already confiscated a cheque issued by a group of people involved in the scam mentioning Sandeep as the payee. A warrant has been issued against UML secretary Rayamajhi and Dr Rai's son Niraj as well. According to the police, Niraj is accused of receiving money from various hotels in Kathmandu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Niraj received thousands of rupees in commissions at various hotels in Kathmandu, according to a police source. </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"">"Some other persons are also under investigations. They will be arrested after collecting evidence," said a police officer involved in the investigation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The racketeers are found to have made fake identity cards of Bhutanese refugees and related documents with the government logos addressed to the Ministry of Home Affairs, it has been found. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They took between Rs 1.5 million and Rs 2 million each from their clients after making them fill out the forms. Their clients were those people aspiring to go to the United States. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They would convince their clients that the process to send them to the US was in progress through a setting with high-ranking officials at the Home Ministry and the committee relating to the resettlement of the Bhutanese refugees. In the process of manipulating the alleged victims, the group used to show various documents relating to the Home Ministry, the Labour Ministry and the committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The group is also accused of making the alleged victims visit various towns including Pathari, Belndangi, Biratnagar, Sauraha and Kathmandu in the name of collecting their biometrics. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17496', 'image' => '20230504110209_20230503063116_images.jpg', 'article_date' => '2023-05-04 23:01:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17759', 'article_category_id' => '1', 'title' => 'Banks Deposits up by Rs 6 Billion', 'sub_title' => '', 'summary' => 'May 4: The total deposits of banks and financial institutions (BFIs) have reached Rs 5459 billion as of May 1, according to the data released by the Nepal Rastra Bank (NRB).', 'content' => '<p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">May 4: The total deposits of banks and financial institutions (BFIs) have reached Rs 5459 billion as of May 1, according to the data released by the Nepal Rastra Bank (NRB).</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Prior to this, the deposits of BFIs was 5,453 billion. This is an increase of Rs 6 billion.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">With the increase in remittance inflow and tourist arrival, deposits of BFIs are continuously increasing in recent times. Banks had deposits of Rs 5,430 billion on April 4 and Rs 5,448 billion on April 19. Compared to the increase in deposits, there has been no improvement in lending.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">The central bank’s Current Macroeconomic and Financial Situation Report has also pointed out the imbalance between deposits and loans. As of February of the current fiscal year, deposits of BFIs have increased by Rs 280.57 billion (5.5 percent), while credit flow has only increased by Rs 128.18 billion (2.8 percent). In other words, the loan disbursement is less than half compared to the deposit collection of the banks in the current fiscal year.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">According to NRB, the total loan disbursement of banks and financial institutions has reached Rs 4,842 billion as of Tuesday. High interest rates of bank loans and low economic activities in the market have slowed the demand for loans. In February of this year, the average base rate of banks reached 10.64 percent, while the average interest rate on loans reached 13.03 percent.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Liquidity on the other hand is increasing due to lack of lending compared to deposits in banks. On Tuesday, the average credit-deposit ratio (CD ratio) of BFIs fell to 85.24 percent. The previous day the CD ratio was 85.32 percent.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">According to the provisions of NRB, banks can grant loans by maintaining a CD ratio of up to 90 percent. According to Tuesday's data, the banks have the capacity to extend additional loans worth Rs 258 billion. While the high interest rates have slowed down new loans, the banks have also tightened up lending because the market is not favourable.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Prakash Kumar Shrestha, executive director of NRB said, “Although the banks have the capacity to give loans of around Rs 250 billion, there is no investment. Currently, banks are in a comfortable state of liquidity. Because the interest rate is high, new loans may not have been issued.” </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">After the liquidity situation eased, BFIs reduced the interest rates on deposits since April. Commercial banks have reduced the maximum interest rate of fixed deposits to 9.99 percent.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">As the liquidity situation eased, the interbank interest rate for transactions between banks has also been maintained at 7 percent. Similarly, the interest rate of treasury bills is also decreasing. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">As per the bankers, the spread rate of deposits and loans has been reduced since March according to the instructions of NRB, so the interest rate of loans will gradually decrease and the demand for loans will gradually increase.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17493', 'image' => '20230504060241_Banks - Copy.jpg', 'article_date' => '2023-05-04 18:01:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17758', 'article_category_id' => '1', 'title' => 'SEBON Grants Letters of Intent (LoI) to 13 Additional Companies for New Broker Licenses', 'sub_title' => '', 'summary' => 'The Securities Board of Nepal (SEBON) has decided to grant letters of intent (LoI) to 13 additional companies for new broker licenses.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 4: The Securities Board of Nepal (SEBON) has decided to grant letters of intent (LoI) to 13 additional companies for new broker licenses. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">During a meeting held on Wednesday, the SEBON Board of Directors decided to grant LoIs to these companies, allowing them to operate as limited service brokers.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The new companies that have received letters of intent for licenses are Sunrise Securities Limited, JBNL Securities Limited, Share Pro Securities Private Limited, Stockcarts Securities Limited, Property Bizard Limited, Capital Hub Private Limited, Milkyway Share Broker Company Limited, Bluechip Securities Limited, Kalash Stock Market Private Limited, Money World Share Exchange Private Limited, Shuvakamana Securities Private Limited, and Miyo Securities Private Limited.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">As the SEBON had approved to give letters of intent to 16 companies earlier, the latest approval for LoIs to 13 more companies brings a total number of companies granted LoIs for new broker licenses to 29.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">According to Mukti Shrestha, spokesperson at the SEBON, the approved companies will receive full licenses after they have established the necessary infrastructure. The SEBON will inspect the infrastructure and provide the license if it meets the guidelines set by the board.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The SEBON has received a total of 46 applications for new broker licenses, including one from an existing broker company. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Additionally, the board has fixed the paid-up capital at NPR 20 million for limited broker securities, NPR 600 million for full-service broker securities, and NPR 1.50 billion for stock dealer securities.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Old broker companies have also been advised to increase their paid-up capital until Ashad of 2082 BS.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17492', 'image' => '20230504050444_collage (8).jpg', 'article_date' => '2023-05-04 17:00:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '17756', 'article_category_id' => '1', 'title' => 'Government Announces Cash Incentives for Players in a Hurry, Fails to Implement it', 'sub_title' => '', 'summary' => 'May 4: After Nepal qualified for the World Cup Cricket Qualifier with a win over the United Arab Emirates (UAE) on March 16, Prime Minister Pushpa Kamal Dahal announced that the players of the men's national team would be rewarded with a cash prize of Rs 300,000 each. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">May 4: After Nepal qualified for the World Cup Cricket Qualifier with a win over the United Arab Emirates (UAE) on March 16, Prime Minister Pushpa Kamal Dahal announced that the players of the men's national team would be rewarded with a cash prize of Rs 300,000 each. A month and a half after the announcement, the players have still not received the pledged amount.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Not only that, the players said that they have not even received the rewards announced by the state governments. At that time, the governments of Bagmati, Sudurpaschim, Madhesh, Lumbini and Gandaki provinces had announced that they would reward the players. Among them, Bagmati announced that all the players of the national cricket team will be rewarded with Rs 100,000 each. Other provinces announced that they would give rewards to players of the respective provinces only.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The government once again made a fresh announcement on Wednesday to reward the players although they are yet to receive the rewards announced earlier.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Government Spokesperson and Minister for Communication and Information Technology Rekha Sharma said that the cabinet meeting decided to reward the players of the Nepali national cricket team for being selected for the Asia Cup at the rate of Rs 600,000 for each of the qualified players. Nepal won the title of the ACC Men's Premier Cup held on Tuesday by defeating UAE to book a place in the Asia Cup, the highest level cricket tournament of Asia.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">However, it is not yet decided when the players will get this reward. Stakeholders say that the government should not delay in handing over the pledged amount as it gives encouragement and motivation to the players.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Acting Secretary of Cricket Association of Nepal (CAN) Durgaraj Pathak says that the delay in rewarding the players is likely to increase the distance between the players and CAN. He said that the players often ask him when they would receive the reward.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that officials of the Ministry of Youth and Sports have said that they will give the rewards according to the procedure.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">However, Pathak says that the provisions in the 'Sports Honors and Awards Procedure-2072' made to give rewards to the players are complicated, which is also one of the reasons for the delay in receiving the rewards.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He says that Nepali cricket players have not even received reward announced for the tri-national cricket series which they won three months ago.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Shiva Ram Neupane, joint secretary of the Ministry of Youth and Sports says that the rewards announced for the players are still in the process and will be given soon. He said, “After receiving the report from the National Sports Council, the ministry will proceed with its process to hand over the rewards.”</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17490', 'image' => '20230504034203_1683177077.jpg', 'article_date' => '2023-05-04 15:40:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17755', 'article_category_id' => '1', 'title' => 'Preparation Afoot to Launch NEPSE-30 Index', 'sub_title' => '', 'summary' => 'May 4: Nepal Stock Exchange (NEPSE) is all set to introduce a separate index 'NEPSE-30 Index’.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">May 4: Nepal Stock Exchange (NEPSE) is all set to introduce a separate index 'NEPSE-30 Index’.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to NEPSE, the new index will be released for the development, operation and management of the secondary market. It will help strengthen the secondary market transactions.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Murahari Parajuli, the spokesperson of NEPSE, preparations are being made to publicize the NEPSE-30 Index within a short time after taking suggestions from various stakeholders.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"We will take suggestions about the NEPSE-30 Index from various stakeholders and experts by May 19. If there are suggestions that can be implemented and should be addressed, this index will be launched soon by addressing those issues," said Parajuli.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">NEPSE issued a notice on May 3 and asked for opinions and suggestions from stakeholders on the proposed NEPSE-30 Index. It is said that the NEPSE-30 Index will be formulated as a market capitalization-based (value-weighted) index by including immediately tradable (free float) shares in the market.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to NEPSE, this index will reflect the market transactions and fluctuations and help in the operation of fixed-term trading instruments of derivative nature, portfolio management, Exchange Traded Fund (ETF) operations, etc.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"The NEPSE-30 Index will add a new dimension to the secondary market transactions, and investors will get more tradable tools in the future," NEPSE said, "The calculation method of this index, which has long-term importance, and the method of selecting the listed organizations to be included in it, need to be made transparent and reliable." </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The basis for the selection of listed organizations for inclusion in the proposed NEPSE-30 Index has also been specified.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“The book value per share should be higher than the paid price per share and the company with at least three years of net profit including the last fiscal year out of the last five fiscal years will be considered eligible to be in the NEPSE-30 Index," NEPSE said through a notice.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Similarly, to be listed in such an index, at least 25 per cent of the shares of the company should be issued to the general public or the free-float market capitalization of the related company should be more than one per cent of the total free-float market capitalization. Companies having at least more than 20,000 share members, with an average daily turnover of Rs 2.5 million or more during the last six months will be considered eligible to be included in the NEPSE-30 Index.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Previously, there was a discussion to bring the NEPSE-50 Index, but NEPSE decided to release the NEPSE-30 Index. Investors will get mainly three benefits from this index. First, it will show the real market situation. Secondly, NEPSE-30 can be traded as a security in itself, and thirdly, it is considered to support passive mutual funds.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">While NEPSE is preparing to implement NEPSE-30, it is not clear whether it can create an environment for its implementation or not.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Investors expect a certain percentage of profit (dividend) while investing in NEPSE, but investors who invest in the NEPSE-30 Index do not expect profit. Its profit and loss are determined based on the transaction itself.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Therefore, it is not clear whether the market is ready to invest in such an index or not. The market can only use this index as an 'investment tool'. Similarly, the company's technical analysis does not work on this index. It deals with speculation.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">When the NEPSE-30 Index is released, it will increase the work of NEPSE because it will have to look over data analysis and business regulation. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17489', 'image' => '20230504034006_1683132935.jpg', 'article_date' => '2023-05-04 15:39:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17754', 'article_category_id' => '1', 'title' => 'Search Continues for Two Missing in Darchula Avalanche ', 'sub_title' => '', 'summary' => 'May 4: Search operation is underway to find the whereabouts of two people who have been missing in an avalanche that took place at Chhangru of Byas municipality-1 in Darchula on Tuesday afternoon. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 4: Search operation is underway to find the whereabouts of two people who have been missing in an avalanche that took place at Chhangru of Byas municipality-1 in Darchula on Tuesday afternoon. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The condition of Ishwari Thapa, 28, and Chhimi Somo Thapa, 15, from Doti is still unknown. They went missing along with other three during the avalanche that occurred on May 2. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An Armed Police Force (APF) team has been mobilised to search for the missing. The avalanche on Tuesday afternoon buried tents being occupied by groups of people temporary residing there to collect Yarsagumba, a prized herb found in the high Himalayas. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Chief of Chhangru-based APF Number 50 Company Deputy Superintendent of Police, Ishwari Dutt Bhatta, said three bodies were retrieved from the avalanche-hit area on Wednesday while two women, who are relatives, are still missing. </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"">It may be noted that the bodies of Kamala Kunwar, 36 of Duhun Rural Municipality-4 and her son Praveen Kunwar, 18, and Nakki Doma Thapa, 45, of Doti were retrieved by a security team on May 3. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">People from within and outside the district trek to the highlands of Darchula to pick up Yarsa each year. </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"">Elsewhere, a yarsa collector died and another one went missing in the mountainous area of Bajhang district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prabhu Bohara of around 45 year from Surma Rural Municipality-4 was frozen to death during a blizzard while returning home after collecting yarsagumba on Tuesday, said Police Inspector Ramesh Awasthi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bohara had gone to the Chuphi forest to collect the rare caterpillar fungus. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Jhalladevi Bohara, 33, of the same rural municipality went missing in an avalanche on Tuesday. Search for her is underway, Awasthi added. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17488', 'image' => '20230504025203_20230503100034_APF.jpg', 'article_date' => '2023-05-04 14:51:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17753', 'article_category_id' => '1', 'title' => 'Gold Price Reaches Rs 111,800 per Tola ', 'sub_title' => '', 'summary' => 'May 4: The price of gold in the domestic market has reached an all-time high on Thursday with an increase of Rs 1,200 per tola (11.66 grams) compared to the previous trading day.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 4: The price of gold in the domestic market has reached an all-time high on Thursday with an increase of Rs 1,200 per tola (11.66 grams) compared to the previous trading day.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the Federation of Nepal Gold and Silver Dealers' Association, the price for hallmark gold has been fixed at Rs 111,800 per tola for Thursday while the price of worked gold is Rs 111,250. Hallmark gold was traded for Rs 110,600 on Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the price of silver has reached Rs 1,445 per tola with a rise of Rs 20 compared to Wednesday. </span></span></span></p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17487', 'image' => '20230504020951_gold newwww.jpg', 'article_date' => '2023-05-04 14:09:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17752', 'article_category_id' => '1', 'title' => 'Police Issue Arrest Warrants in Connection to Entrepreneur Kandel's Suicide', 'sub_title' => '', 'summary' => 'May 4: Arrest warrants have been issued against two persons for inciting the death of well-known poultry entrepreneur of Chitwan, Shankar Kandel, on Wednesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">May 4: <span style="font-family:"Arial Unicode MS","sans-serif"">Arrest warrants have been issued against two persons for inciting the death of well-known poultry entrepreneur of Chitwan, Shankar Kandel, on Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The arrest warrants have been issued against entrepreneur Pradip Rungta and chief accountant at his company Jivan Rawal after a first information report (FIR) was filed against the duo by the victim's family. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the FIR, the family claimed that Kandel committed suicide because of entrepreneur Rungta, who had purchased 85 percent share of his company, and the chief accountant Rawal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Superintendent of Police at the District Police Office, Chitwan Rameshwar Karki, said that cooperation and coordination was established with all police units across the country after issuing the arrest warrants. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">While receiving memorandums from the private sector, including FNCCI Chitwan Chapter, and Industry Association Chitwan, SP Karki said, "We've already issued arrest warrants. Coordination has been made with the Crime Division and CIB teams. Those accused of crime will be brought to book." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Kandel's family lodged complaint for inciting suicide. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chairman of Chitwan Chapter of FNCCI, Chun Narayan Shrestha, expressed concern over the lack of cooperation from all government bodies to the entrepreneurs who have contributed significantly to the national economy. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">“Kandel died due to such non-cooperation. The accused one must be booked,” he argued. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Protesting the death of the entrepreneur, the businesspersons and entrepreneurs of Chitwan have decided to organize peaceful agitation from Thursday. As part of the protest, a sit-in will be staged at District Police Office on Thursday, according to Chairman of Industry Association of Chitwan, Trilochan Kandel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Entrepreneur Kandel was found dead at his office, Narayangadh, on Tuesday evening. Some months back, Kandel had sold the shares of Anamol Feeds Pvt to another entrepreneur, Rungta. In course of managing the shares, Rungta and chief accountant Rawal had tortured him mentally as per a suicide note he left, according to the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Kandel, a popular figure in the district, was 52 years old. He was a resident of Bharatpur Metropolis-2. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17486', 'image' => '20230504011514_1683134101.shanker kandel.jpg', 'article_date' => '2023-05-04 13:14:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17751', 'article_category_id' => '1', 'title' => 'PM Dahal Expands Cabinet Eight Times in Five Months', 'sub_title' => '', 'summary' => 'May 4: Prime Minister Pushpa Kamal Dahal has reshuffled and expanded the cabinet for the eighth time on Wednesday since he became the Prime Minister on December 25.', '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"">May 4: Prime Minister Pushpa Kamal Dahal has reshuffled and expanded the cabinet for the eighth time on Wednesday since he became the Prime Minister on December 25.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Three ministers have been added to the cabinet led by the Prime Minister Dahal. Upon the recommendation of Prime Minister Dahal, President Ram Chandra Poudel on Wednesday appointed Dhanraj Gurung as Minister for Law, Justice and Parliamentary Affairs, Mohan Bahadur Basnet as Minister for Health and Population and Dig Bahadur Limbu as Minister for Youth and Sports.</span></span></span></span></p> <p><span style="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 a statement issued by Sagar Acharya, the spokesperson of the President's Office, they were appointed ministers by the president upon the recommendation of the prime minister. The Council of Ministers was formed on December 26</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">last year.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17485', 'image' => '20230504120034_92875562_101727424839026_8489939004500738048_n.jpg', 'article_date' => '2023-05-04 11:59:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17750', 'article_category_id' => '1', 'title' => 'Efforts Underway to Rescue Nepalis from Sudan', 'sub_title' => '', 'summary' => 'May 4: The government has said it is constantly making efforts to safely evacuate Nepal’s citizens from Sudan in the wake of recent spike in fighting among rival factions in the war-torn country. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 4: The government has said it is constantly making efforts to safely evacuate Nepal’s citizens from Sudan in the wake of recent spike in fighting among rival factions in the war-torn country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 31 Nepalis, who came in contact with the Embassy of Nepal in Cairo in this connection, 19 have been brought to Jeddah City. They were rescued with the support of Saudi Arabia on April 30 from Port Sudan, the Ministry of Foreign Affairs said in a statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, among the 19 Nepalis who have safely reached Jeddah, six have been deputed to the Dubai branch of their employer company, while 13 are waiting to return to Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Eight of them were scheduled to arrive in Kathmandu via Air Arabia on Wednesday while preparation is underway to bring the remaining five from Jazeera Airways on Thursday, the ministry added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, the government is making efforts to rescue six other Nepalis, who are in contact with the Nepali Embassy in Cairo, from Sudan via Jeddah. Other three Nepalis have been kept at a hotel in Port Sudan safely with the management of employer company and two others are safe at in Egypt, reads the press release issued by the Ministry on Wednesday. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17484', 'image' => '20230504112859_2131481-1528586910.jpg', 'article_date' => '2023-05-04 11:28:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17749', 'article_category_id' => '1', 'title' => 'President Paudel Summons Budget Session', 'sub_title' => '', 'summary' => 'President Ramchandra Paudel has summoned a meeting of both the House of Representatives (HoR) and National Assembly (NA) on Sunday, May 7.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">May 4: President Ramchandra Paudel has summoned a meeting of both the House of Representatives (HoR) and National Assembly (NA) on Sunday, May 7. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The meeting will take place at the International Conference Centre in New Baneswor at 4:00 pm.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the parliament secretariat, the session will begin with pre-budget discussions. This will provide an opportunity for members of both houses to discuss and provide input on the government's annual policy and program. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government's annual policy and programme and annual income and expenditure (budget) would be presented in the session. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In preparation for this important event, the parliament secretary Dr Bharat Raj Gautam has issued a notice requesting all HoR and NA members to attend the meeting at the designated date, time and venue.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The budget session is a significant moment in the government's calendar, as it sets out the country's financial roadmap for the coming year. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17483', 'image' => '20230504062909_collage (6).jpg', 'article_date' => '2023-05-04 06:26:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17748', 'article_category_id' => '1', 'title' => 'PSC Recalls Applications After Failure to Recover Data', 'sub_title' => '', 'summary' => 'The Public Service Commission (PSC) has recalled the applications after it failed to recover the lost data of the applicants. The Public Service Commission (PSC) stated that despite efforts to recover lost data from its integrated data center, it has been unable to retrieve it.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">May 4: The Public Service Commission (PSC) has recalled the applications after it failed to recover the lost data of the applicants.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Public Service Commission (PSC) stated that despite efforts to recover lost data from its integrated data center, it has been unable to retrieve it. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> As a result, the PSC has announced that it will be recalling all applications for the vacancy announcements made in Mangsir, Poush, and Magh months for the positions of section officer and nayab subba.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Devi Prasad Subedi, the information officer at PSC, while the data recovery process has been underway since March 7, there is no clear timeline for when the data will be fully restored. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The PSC acknowledges the inconvenience caused to job aspirants and has decided to recall the application process to ensure that no candidate is left behind due to the data loss.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Interested candidates are advised to resubmit their applications before the new deadline of June 1.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-04', 'modified' => '2023-05-04', 'keywords' => '', 'description' => '', 'sortorder' => '17482', 'image' => '20230504061407_collage (5).jpg', 'article_date' => '2023-05-04 06:12:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '17747', 'article_category_id' => '1', 'title' => 'Fake Bhutanese Refugee Scam: Secretary Pandey Arrested ', 'sub_title' => '', 'summary' => 'May 3: The police have arrested Tek Narayan Pandey, secretary at the Office of the Vice President, on charge of his involvement in a racket accused of sending Nepali citizens to the United States in the guise of Bhutanese refugees. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 3: The police have arrested Tek Narayan Pandey, secretary at the Office of the Vice President, on charge of his involvement in a racket accused of sending Nepali citizens to the United States in the guise of Bhutanese refugees. </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"">A team from the Metropolitan Police Range, Kathmandu arrested Pandey from Pepsikola on Wednesday, said Deputy Inspector General of Police, Kuber Kadayat, spokesperson for the Nepal Police. </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"">"Pandey has been kept at the police range, and investigations are underway," he tolf the state-owned RSS. </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"">Before being transferred to the Vice President’s Office, Pandey worked at the Ministry of Home Affairs. He is reported to have been involved in the illegal act when he was posted at the Home Ministry. </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"">Pandey’s arrest comes a day after police arrested former parliamentarian Indrajit Rai for his involvement in sending Nepalis to the United States in the guise of Bhutanese refugee. </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"">Rai was nabbed from Saukhel in Lalitpur on Tuesday morning, according to Senior Superintendent of Police (SSP) Dr Manoj Kumar KC, chief of the Kathmandu Valley Crime Investigation Office, Minbhawan. </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"">Arrested Rai, who also served as a security advisor to the then Minister for Home Affairs Ram Bahadur Thapa, has been kept at Metropolitan Police Range, Kathmandu for interrogation.</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"">Police investigations have also revealed that the Former Home Minister Thapa’s son Prateek Thapa was also involved in the racket. </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"">Sources said an arrest warrant has been issued against Thapa as well. </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"">Arrest warrants have also been issued against CPN-UML Secretary Top Bahadur Rayamajhi and his son Sandeep Rayamajhi in connection with the same case. </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"">Although the racked is involved in human trafficking, the police have filed cases of fraud against them.</span></span></span></p> ', 'published' => true, 'created' => '2023-05-03', 'modified' => '2023-05-03', 'keywords' => '', 'description' => '', 'sortorder' => '17481', 'image' => '20230503063116_images.jpg', 'article_date' => '2023-05-03 18:30:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17746', 'article_category_id' => '1', 'title' => 'NEPSE Index Continues to Decline: What Are the Causes?', 'sub_title' => '', 'summary' => 'he Nepal Stock Exchange (NEPSE) Index has been on a downward trend over the past few days, losing 291.84 points in the last 30 trading days, while the secondary market index has seen a rise of 199.81 points.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 3: The Nepal Stock Exchange (NEPSE) Index has been on a downward trend over the past few days, losing 291.84 points in the last 30 trading days, while the secondary market index has seen a rise of 199.81 points. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">This trend suggests that sellers have been dominating the buyers in the market.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Despite some recent positive developments such as the granting of letters of intent by the Securities Board of Nepal (SEBON) to 16 companies for new broker licenses and the initiation of the process to open a new private stock exchange, the NEPSE Index has not seen any improvement.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">There are reports of an onset of economic crisis in Nepal. Likewise, though banks and financial institutions have reduced interest rates on deposits, they have kept interest rates on lending stable and unchanged. This situation has affected transactions on the NEPSE Index.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">As a result of the continuous fall in the market, share investors are calling for policy-level changes to instill confidence in the stock market. The NEPSE Index has also seen a decrease in turnover amount.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">On Wednesday, the NEPSE Index lost 9.18 points or 0.49%, closing at 1,857.23, with a turnover amount of Rs. 62.02 crores. This is lower than the previous day's turnover of Rs. 69.22 crores.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The highest turnover of Rs. 3.05 crores was recorded by SHIVAM CEMENTS LTD (SHIVAM), with a closing market price of Rs. 399 per share, while the shares of HDHPC traded the most.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) gained the highest 6.09% for the day, while NIBL Growth Fund (NIBLGF) lost the highest 5.35%. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Only two sector indices - Manufacturing and Processing and Mutual Fund - closed in the green zone. "Hotel and Tourism" lost the highest 1.48% while "Mutual Fund" gained the highest 0.19%.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The Sensitive Index lost 0.33%, while the Float Index and Sensitive Float Index shed 0.53% and 0.30%, respectively.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-03', 'modified' => '2023-05-03', 'keywords' => '', 'description' => '', 'sortorder' => '17480', 'image' => '20230503054836_collage (7).jpg', 'article_date' => '2023-05-03 17:44:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
