April 28: A plane of Nepal Airlines Corporation (NAC) made a successful test flight at Gulmi-based Resunga Airport at 7:39 am on…
April 28: A plane of Nepal Airlines Corporation (NAC) made a successful test flight at Gulmi-based Resunga Airport at 7:39 am on…
April 28: Governor of Nepal Rastra Bank (NRB) Mahaprasad Adhikari has claimed that the economy is gradually returning to its…
April 28: Stakeholders this week announced the Kathmandu Statement to nurture resilient food systems with a commitment for a nutrition-secure South…
April 28: The government, during the prime minister’s state visit to India, is making preparations to sign an agreement with the southern neighbour to allow seamless operation of the digital wallets registered in the two…
April 28: Due to the impacts of the Westerly winds in the country, there is probability of partial to general rainfall in the hill areas of Koshi, Gandaki, Karnali and Sudurpaschim provinces today…
April 28: Three earthquakes occurred in Bajura district since last…
Kamana Sewa Bikas Bank has announced the appointment of Dinesh Thakali as its new Chief Executive Officer (CEO), effective from May 28, 2023. Thakali's appointment was made by the bank's Board of Directors during a meeting held on…
Two earthquakes hit Bajura District in Nepal within a span of just one and a half hours in the late hours of Thursday night. The first quake, measuring 4.9 on the Richter scale, struck the district at 11:58 pm on Thursday, followed by a second, more powerful tremor of 5.9 magnitude at 1:30 am on…
The NEPSE index dropped along with turnover amount on Thursday, the last trading day of the week. The NEPSE Index shed 2.27 points or 0.12% and settled at 1889.73 points on Thursday. The index lost 13.68 points on…
Finance Minister Dr Prakash Sharan Mahat has directed the customs employees to work honestly and…
April 27: The government has allocated a budget of Rs 38.5 billion to import chemical fertilizers for the current fiscal year.…
April 27: The industrialists of Bara-Parsa have complained that the Nepal Electricity Authority (NEA) has been imposing the premium tariff even on the industries that have not subscribed a dedicated line and those industries established after the end of…
April 27: Nepal Insurance Authority (NIA) has stated that only 116,638 insurance agents have renewed their license by mid-April this…
April 27: A new report from the World Bank has shown that many countries are becoming increasingly dependent on migration to attain their long-term development potential as the population around the world is growing at an unprecedented…
April 27: South Korean electronics giant Samsung has set up a television factory in Nawalparasi in collaboration with Him…
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', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 28: A plane of Nepal Airlines Corporation (NAC) made a successful test flight at Gulmi-based Resunga Airport at 7:39 am on Friday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC plane with call sign 9N-ABT departed from Tribhuvan International Airport (TIA), Kathmandu, and landed at Resunga Airport located at Simichaur of Resunga Municipality-10 in Gulmi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC conducted the test flight as a preparation to launch commercial flights as per the agreement reached between the NAC and the municipality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson for the Nepal Airlines Operators Association, Yograj Kandel, said that plans are afoot for the commercial flights after the successful test flight. He said that the NAC will begin commercial flight after carrying out an assessment from a technical team. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Kandel, the travel fare and the number of passenger in a flight would be determined after the study.</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"">"The air fare could be around Rs 6,000 per person for Resunga-Kathmandu flight," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Captain Manish Bista of NAC said that regular flights would be conducted after submitting the flight report to the Civil Aviation Authority of Nepal (CAAN) within a week. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The construction of the airport was completed some months ago 16 years after othe commencement of the work. Built with an investment of Rs 330 million, the airport's runway is 520 metres long and 20 metres wide. Located at an elevation of 1,526 metres above the sea level, the airport is spread over 156 ropanis of land. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After the successful test flight, Mayor of Resunga Municipality Khildhowj Panthi expressed his happiness stating that the dream of the locals to travel to Kathmandu by plane is being materialised soon. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17434', 'image' => '20230428123538_nac twin.jpg', 'article_date' => '2023-04-28 12:35:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17698', 'article_category_id' => '1', 'title' => 'Economy Returning Back on Track: NRB Governor', 'sub_title' => '', 'summary' => 'April 28: Governor of Nepal Rastra Bank (NRB) Mahaprasad Adhikari has claimed that the economy is gradually returning to its rhythm.', '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"">April 28: Governor of Nepal Rastra Bank (NRB) Mahaprasad Adhikari has claimed that the economy is gradually returning to its rhythm. Adhikari said that the interest rates of the banks have started to decrease with the decline in the external pressure on the economy, and this in turn will gradually improve the economic activities in the domestic market.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Speaking at a program organized on the occasion of the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">68</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">th anniversary of NRB on Thursday, Governor Adhikari said that the liquidity situation of the banking system is improving along with the ease in the external sector. He claimed that domestic economic activities have also started to improve as banks and financial institutions have started reducing the interest rates. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Although the liquidity management has become easier with the improvement in the external sector of the economy, the pressure on inflation due to international reasons is still there," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Governor Adhikari said that due to the efforts of the central bank and the Government of Nepal, the pressure of the external sector on the economy has decreased. He said that the government had banned the import of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> luxury items and the situation has improved since October when the central bank implemented the provision of cash margin for the import of various items. He added that the interest rates of the banks are going to decline due the improvement in the foreign currency reserves. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Governor Adhikari said that the improvement in foreign exchange reserves has resulted in an increase in the liquidity situation of the banking system and this is also reducing the interest rate. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"The pressure on interest rates has started to decrease due to the improvement in liquidity," he said, adding, "Banks and financial institutions have also started reducing interest rates on deposits and loans." </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The governor claimed that the financial sector is safe even though the banks have been under pressure in recent times due to bad loans. He mentioned that Nepal's banks and financial institutions are in a strong state in terms of indicators such as bad loans of banks, loan recovery situation among others.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17433', 'image' => '20230428114755_1682646962.jpg', 'article_date' => '2023-04-28 11:47:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17699', 'article_category_id' => '1', 'title' => 'Kathmandu Statement on Nutrition-Secure South Asia', 'sub_title' => 'Nepal hosts SAPLING’s Regional Dialogue on Resilient Agri-Food System in South Asia', 'summary' => 'April 28: Stakeholders this week announced the Kathmandu Statement to nurture resilient food systems with a commitment for a nutrition-secure South Asia.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">April 28: Stakeholders this week announced the Kathmandu Statement to nurture resilient food systems with a commitment for a nutrition-secure South Asia.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The announcement was made during the the second dialogue event organised in Kathmandu by the South Asian Policy Leadership for Improved Nutrition and Growth (SAPLING) on improving agri-food systems. According to a statement issued by the organisers, the event was held on April 24 and 25.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The SAPLING initiative was launched in 2019 with the aim to drive a ‘food systems approach’ to combat malnutrition in South Asia in alignment with the Sustainable Development Goals (SDGs) of the United Nations. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">This week’s event saw the participation of over 60 delegates from SAPLING member countries - Nepal, Bangladesh, Sri Lanka, India and Bhutan.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The event was co-hosted by the National Planning Commission (NPC)of Nepal, BRAC Bangladesh - the current SAPLING Secretariat, IPE Global Limited, an Indian development sector think-tank, and the Institute for Integrated Development Studies (IIDS), Nepal, a not-for-profit think-tank headquartered in Kathmandu. SAPLING is supported by the Bill and Melinda Gates Foundation.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">According to the organisers, the first day of the event focussed on setting the context. Siddharth Chaturvedi, senior programme officer of the Bill & Melinda Gates Foundation spoke on the need for and importance of having a regional platform for consensus building among various stakeholders for mainstreaming evidence-based policy, action and leadership to combat malnutrition in line with policymakers' needs and priorities through an agri-food system lens. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">Kewal Prasad Bhandari, secretary of the National Planning Commission acknowledged the need for inter-government collaboration and also bringing together private sector partners and other relevant stakeholders. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The second day featured a policymakers' roundtable where high-level government dignitaries from Bangladesh, Sri Lanka, Bhutan and Nepal discussed the priorities, the agendas for regional collaboration for strengthening agri-food systems and the modalities for the same. There was a brainstorming session on the use of technologies for Climate Smart Agriculture and Post-Harvest Loss Reduction to steer regional collaboration, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">Panel discussions were also held on how to create an enabling environment to promote cross-border private sector investments, and on steering knowledge collaborations and learning among SAPLING countries.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The experts and government officials participating in the event endorsed the need for having an initiative like SAPLING which could act as an agile regional platform to foster inter-governmental collaboration and perform the role of a knowledge aggregator around the use of climate-smart technologies, reducing post-harvest losses, improving food safety to pollinate learnings from the member countries across the region. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17432', 'image' => '20230428120424_SAPLING Kathmandu Dialogue - Statement.jpeg', 'article_date' => '2023-04-28 12:02:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17697', 'article_category_id' => '1', 'title' => 'Air Routes to Feature in Nepal’s Agenda during PM’s India Visit', 'sub_title' => '', 'summary' => 'April 28: The government, during the prime minister’s state visit to India, is making preparations to sign an agreement with the southern neighbour to allow seamless operation of the digital wallets registered in the two countries.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">April 28: The government, during the prime minister’s state visit to India, is making preparations to sign an agreement with the southern neighbour to allow seamless operation of the digital wallets registered in the two countries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">During the upcoming visit of Prime Minister Pushpa Kamal Dahal, the Nepali delegation will also raise the issue of air routes for the international airports in Pokhara and Bhairahawa and the issue of the 136-kilometer long Kathmandu-Raxaul railway. The government is also preparing to sign an agreement to trade electricity.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal is preparing a proposal to request New Delhi to give Nepal an air route through Mahendranagar. A senior official of the Ministry of Foreign Affairs said that additional agenda is being discussed with other ministries and the draft will be finalized soon. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal will also seek an increase in financial assistance provided by India in order to reduce the financial crisis in the country. In recent years, India has been gradually cutting down the subsidies, and the finance ministry officials have decided to draw India’s attention towards it.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The political adviser to the prime minister Haribol Gajurel said that necessary homework is being done to raise economic and political issues during the visit. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The Ministry of Foreign Affairs is coordinating the matter and setting the agenda. Gajurel says that there is a strong possibility that the visit will take place within a fortnight.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A senior official of the Ministry of Foreign Affairs said that Foreign Minister NP Saud is making the necessary preparations for Dahal's visit within a fortnight considering the elections in India.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Former Nepalese Ambassador to India Deep Kumar Upadhyay says that economic issues should be raised with priority during the prime minister's visit. According to him, the trade deficit has increased considerably. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“There is a lot of talk about reducing the trade deficit. However, India has not paid attention to it,” said Upadhyaya adding that Nepal should take up the issue with vigor.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to former Ambassador Upadhyay, the issue of energy trade should also be raised during the upcoming high-level visit. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“Nepal has not been able to export electricity to other markets due to India's obstruction. It is necessary to show the will to raise such issues during the visit," he added.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Some of the earlier agreements with India have not yet been implemented, so experts suggest that those issues should be raised during the prime minister's visit.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In the fiscal year 2072-73, India had made a commitment to provide Rs 7.59 billion for the upgradation of roads in the Terai region. The amount committed by India has not been released yet. Even the financial assistance promised by India for the post-earthquake reconstruction has not yet come as per the commitment.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17431', 'image' => '20230428111844_1682642151.-Nepal-India-.jpg', 'article_date' => '2023-04-28 11:17:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17696', 'article_category_id' => '1', 'title' => 'Rain Coupled with Thunder likely Today ', 'sub_title' => '', 'summary' => 'April 28: Due to the impacts of the Westerly winds in the country, there is probability of partial to general rainfall in the hill areas of Koshi, Gandaki, Karnali and Sudurpaschim provinces today (Friday). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 28: Due to the impacts of the Westerly winds in the country, there is probability of partial to general rainfall in the hill areas of Koshi, Gandaki, Karnali and Sudurpaschim provinces today (Friday). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Weather Forecasting Division said that the weather will be mainly fair in rest of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Isolated brief rain or thundershowers is possible at a few places of the hill areas of Gandaki Province, Karnali Province and Sudur Pashchim Province and at one or two places of the hill regions of rest of the provinces, the division said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tonight, the weather will be partly cloudy in the hill areas and mainly fair to partly cloudy in the Tarai region. Isolated brief rain or thundershowers is possible at one or two places of hill regions of Koshi Province and Gandaki Province tonight. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17430', 'image' => '20230428111749_rainfallll.jpg', 'article_date' => '2023-04-28 11:17:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17695', 'article_category_id' => '1', 'title' => 'Three Earthquakes Jolt Bajura', 'sub_title' => '', 'summary' => 'April 28: Three earthquakes occurred in Bajura district since last night. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 28: Three earthquakes occurred in Bajura district since last night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to National Earthquake Monitoring and Research Centre, Lainchaur, three separate quakes took place with their epicenter in Dahakot of Bajura district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Centre, the first quake of magnitude 4.9 in the Richter scale occurred at 11:58 pm and the second of magnitude 5.9 in the Richter scale happened at 1:30 in the night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the third quake of magnitude 3.9 jolted the district at 1:51 in the night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The details of the damages caused due to the quakes have not been received yet, it is stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, a quake had occurred with its epicenter at Jugada area of the district on April 17. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The western belt of the country has witnessed increased number of earthquakes in the recent days. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17429', 'image' => '20230428104459_bajura.jpg', 'article_date' => '2023-04-28 10:44:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17694', 'article_category_id' => '218', 'title' => 'Dinesh Thakali Appointed CEO of Kamana Sewa Bikas Bank for Four-Year Term', 'sub_title' => '', 'summary' => 'Kamana Sewa Bikas Bank has announced the appointment of Dinesh Thakali as its new Chief Executive Officer (CEO), effective from May 28, 2023. Thakali's appointment was made by the bank's Board of Directors during a meeting held on Wednesday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">April 28: Kamana Sewa Bikas Bank has announced the appointment of Dinesh Thakali as its new Chief Executive Officer (CEO), effective from May 28, 2023. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali's appointment was made by the bank's Board of Directors during a meeting held on Wednesday.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali is a highly experienced banking professional with a proven track record of leading successful financial institutions. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Prior to his new role, he served as Deputy General Manager at Prabhu Bank Limited for two years before working as Managing Director at Prabhu Capital for an additional two years. He also served as the Chief Executive Officer at Shangrila Development Bank.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali is a chartered accountant with extensive knowledge of banking and capital markets, as well as experience in managing bank loans and deposit marketing.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali holds a Master's degree in Management and a Bachelor's degree in Law from Tribhuvan University. He has also completed courses on banking and management from institutions such as the World Bank, AIT Thailand, and the London School of Economics.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali's appointment as CEO of Kamana Sewa Bikas Bank is for a four-year term, during which he will be responsible for leading the bank's growth and expansion strategies. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">The bank's Board of Directors expressed confidence in Thakali's ability to drive the bank's success and deliver value to its customers and stakeholders.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17428', 'image' => '20230428065908_collage (1).jpg', 'article_date' => '2023-04-28 06:55:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '17693', 'article_category_id' => '1', 'title' => 'Bajura District Struck by Two Earthquakes in Rapid Succession', 'sub_title' => '', 'summary' => 'Two earthquakes hit Bajura District in Nepal within a span of just one and a half hours in the late hours of Thursday night. The first quake, measuring 4.9 on the Richter scale, struck the district at 11:58 pm on Thursday, followed by a second, more powerful tremor of 5.9 magnitude at 1:30 am on Friday.', 'content' => '<p> </p> <p><span style="font-size:18px"> April 28: Two earthquakes hit Bajura District in Nepal within a span of just one and a half hours in the late hours of Thursday night. </span></p> <p><span style="font-size:18px">The first quake, measuring 4.9 on the Richter scale, struck the district at 11:58 pm on Thursday, followed by a second, more powerful tremor of 5.9 magnitude at 1:30 am on Friday.</span></p> <p><span style="font-size:18px">The epicenter of both earthquakes was located in Dahakot, Bajura, according to Rajesh Sharma, a technical assistant at the Surkhet Earthquake Measurement Center. The quakes caused panic among local residents, who rushed out of their homes to escape the shaking.</span></p> <p><span style="font-size:18px">The impact of the earthquakes was also felt in neighboring districts of Bajura, although there have been no immediate reports of damage or casualties. </span></p> <p><span style="font-size:18px">The local authorities are currently assessing the situation and gathering information about the possible damage caused by the quakes.</span></p> <p><span style="font-size:18px">"We are working to collect details about the possible damage by the earthquakes," said a spokesperson for the District Police Office in Bajura. </span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17427', 'image' => '20230428063231_collage.jpg', 'article_date' => '2023-04-28 06:27:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '17692', 'article_category_id' => '1', 'title' => 'Both NEPSE Index and Turnover Amount Fall; Investors Attracted Towards Banking and Hotel and Tourism', 'sub_title' => '', 'summary' => 'The NEPSE index dropped along with turnover amount on Thursday, the last trading day of the week. The NEPSE Index shed 2.27 points or 0.12% and settled at 1889.73 points on Thursday. The index lost 13.68 points on Wednesday. ', 'content' => '<p><span style="font-size:18px">April 27: The NEPSE index dropped along with turnover amount on Thursday, the last trading day of the week. The NEPSE Index shed 2.27 points or 0.12% and settled at 1889.73 points on Thursday. The index lost 13.68 points on Wednesday. </span></p> <p><span style="font-size:18px">A total of 269 scrips traded hands via 21,851 transactions. A total of 2,174,914 shares exchanged hands, worth Rs 73.96 crores in turnover amount. This is lower than the last trading day's turnover of Rs. 84.7 crores.</span></p> <p><span style="font-size:18px">The fall in turnover amount shows sellers not willing to sell at the current prices and buyers reluctant to make purchases.</span></p> <p><span style="font-size:18px">Everest Bank Limited (EBL) had the highest turnover of Rs. 3.76 crores closing at a market price of Rs. 539 per share. The shares of HDHPC traded the most.</span></p> <p><span style="font-size:18px">Citizens Mutual Fund 2 (CMF2) gained the highest 5.85% for the day. On the contrary, NIBL Growth Fund (NIBLGF) lost 10% on Thursday. </span></p> <p><span style="font-size:18px">Only two sector indices settled in the green zone. "Manufacturing and processing" lost the highest 1.28%, while "Hotel and Tourism" gained the highest 1.83% today.<br /> The Sensitive Index declined by 0.13%, while Float index and the Sensitive float index fell by 0.7% and 0.1% respectively on the last trading day. </span><br /> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17426', 'image' => '20230427045345_collage (7).jpg', 'article_date' => '2023-04-27 16:50:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '17691', 'article_category_id' => '1', 'title' => 'FM Mahat Directs Customs Employees to Work with Honesty', 'sub_title' => '', 'summary' => 'Finance Minister Dr Prakash Sharan Mahat has directed the customs employees to work honestly and transparently. ', 'content' => '<p><br /> <span style="font-size:18px">April 27: Finance Minister Dr Prakash Sharan Mahat has directed the customs employees to work honestly and transparently. </span></p> <p><span style="font-size:18px">After inspecting Biratnagar Customs Office on Thursday, Finance Minister Mahat said, "You are in sensitive service like revenue collection of the state. No one has rights to misuse their responsibilities or carry out illegal activities”. </span></p> <p><span style="font-size:18px">Clarifying that the government would not excuse the trend of customs leakage, Minister Mahat expressed confidence that customs officials would do better in the coming days for revenue collection. </span></p> <p><span style="font-size:18px">Mahat said that the evaluation of the employees would be done on the basis of their performance.The Finance Minister opined that he had expected a significant increment in the recovery of customs with the end of current fiscal year. </span></p> <p><span style="font-size:18px">Mahat also asked authorities concerned not to put taxpayers in unnecessary trouble in the name of increasing revenue.</span></p> <p><span style="font-size:18px">Finance Minister Mahat called the customs employees to work with transparency and build easy and conducive environment for service recipients. “Our job is to deliver services in a hassle-free and convenient manner,” Mahat held. --RSS</span><br /> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17425', 'image' => '20230427040330_collage (6).jpg', 'article_date' => '2023-04-27 16:01:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17690', 'article_category_id' => '1', 'title' => 'Lack of Budget affects Import of Fertilizers under G2G Initiative', 'sub_title' => '', 'summary' => 'April 27: The government has allocated a budget of Rs 38.5 billion to import chemical fertilizers for the current fiscal year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">April 27: The government has allocated a budget of Rs 38.5 billion to import chemical fertilizers for the current fiscal year. Because the budget is not released on time, there has been a problem with the import of fertilizer that is supposed to be bought from India through the G2G process.</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"">So far, the government has been able to import only 30,000 metric tons of urea through the G2G process. However, according to the agreement with the Indian Government, Nepal should have brought 100,000 metric tons of urea and 50,000 metric tons of DAP. However, the Ministry of Agriculture and Livestock Development has informed that due to the untimely release of the budget, fertilizers could not be brought as per the agreement.</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 a senior official of the ministry, out of the Rs 38.5 billion allocated for the purchase of fertilizers in the current year, the ministry has received only Rs 22 billion. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">When the fertilizer is brought through the tender process, payment is made only after the fertilizer arrives at the customs, said the official, adding that the government has to pay in advance to import fertilizer through the G2G process.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He also said that to prevent the situation of not being able to import fertilizer on time, the ministry has already started to allocate a sufficient amount for fertilizer in the upcoming budget.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">If this happens, funds will be allocated in the regular budget for about 550000 metric tons of fertilizer required in Nepal.</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"">To reduce the problem of fertilizer shortage in the country, Nepal signed a G2G agreement with the Indian government on February 16, 2023. According to the agreement, Nepal has to bring 565,000 metric tons of urea and 370,000 tons of DAP fertilizer from India in five years. </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 state-owned Agricultural Inputs Company Limited has got the responsibility of buying and importing fertilizers under the G2G process. </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"">Bishnu Pokharel, the business managing director of the company, informed that budget allocation is the main problem for the delay in bringing the fertilizers under the G2G initiative.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to him, at the initial stage, the process was delayed due to disagreements on issues such as the price and transportation cost. Later, there was a shortage of funds after the price of fertilizers increased tremendously in the international market. Even now, due to the lack of funds, there is a problem in supplying the fertilizer.</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"">Currently, the Agricultural Inputs Company has a stock of 37,000 metric tons of urea and 19,000 metric tons of DAP. Likewise, the Salt Trading Corporation also has 24,000 tons of fertilizers including urea and DAP.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17424', 'image' => '20230427030620_Fertilizer.jpg', 'article_date' => '2023-04-27 15:05:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17688', 'article_category_id' => '1', 'title' => 'NEA Charging Premium Tariff Even After the End of Load Shedding', 'sub_title' => '', 'summary' => 'April 27: The industrialists of Bara-Parsa have complained that the Nepal Electricity Authority (NEA) has been imposing the premium tariff even on the industries that have not subscribed a dedicated line and those industries established after the end of load-shedding.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 27: The industrialists of Bara-Parsa have complained that the Nepal Electricity Authority (NEA) has been imposing the premium tariff even on the industries that have not subscribed a dedicated line and those industries established after the end of load-shedding.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industrialists met Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet and said that they have had to bear the burden of the authority's procedural. The delegation of Birgunj Chamber of Commerce and Industry met the energy minister and complained that the authority has done injustice to the industrialists.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Two years after the end of load shedding, the Electricity Regulatory Commission canceled the dedicated and trunk lines and fixed the normal tariff rate in June 2020. The electricity tariff during these two years is disputed. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industries that did not demand dedicated line even during the load-shedding period have been insisting that they will not pay the premium tariff.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“It is all right if the NEA seeks premium from the industries that demanded a dedicated line but it is unfair to impose the same rate to those who did not place such demand,” said one of the industrialists.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industrialists made it clear that they will not pay the dedicated tariff which they have not demanded. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Madhav Rajpal, the vice president of the chamber said, “Along with the end of load shedding, the regulation of NEA should also be revised. On the contrary, it imposed an expensive tariff of up to 65 percent of the normal rate to customers. The arrears shown in the name of customers who did not demand for the dedicated line should be waived.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industrialists say that it is unfair to try to collect premium charges from customers who have subscribed for the service after the end of the load shedding period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the meeting with industrialists, Minister Basnet said that he is aware of this dispute between the authority and the industrialists. Rajpal said that Minister Basnet assured to take initiative to solve the problem.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The NEA had officially announced the end of load shedding in the industrial sector from 15 May 2018. Rajpal said that the authority has not amended the Electricity Tariff Collection Regulations 2073 and since then, there has been a problem with tariff.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17422', 'image' => '20230427021015_1682555237.lod.jpeg', 'article_date' => '2023-04-27 14:08:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17685', 'article_category_id' => '1', 'title' => 'Half of Insurance Agents Fail to Renew License', 'sub_title' => '', 'summary' => 'April 27: Nepal Insurance Authority (NIA) has stated that only 116,638 insurance agents have renewed their license by mid-April this year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 27: Nepal Insurance Authority (NIA) has stated that only 116,638 insurance agents have renewed their license by mid-April this year. This is just 52.58 percent of the total agents who have to renew their licenses.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the latest data received from the authority, the number of insurance agents in Nepal is 264,526, including 42,711 new agents who do not need to renew their license immediately. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As per the provisions of the Insurance Act 2079 issued on November 8, new agents must renew their license every three years. In the case of agents who have already taken the license before November 8, they should renew it by mid-April according to the provisions of the Insurance Act 2049. As per the authority, the number of licensed agents before the implementation of the Insurance Act 2079 is 221,815.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nanda Prasad Tiwari, president of the Nepal Insurance Professional’s Society says that most of the agents do not know that they have to renew the license online. In addition, when trying to renew the license, the authority's server is often down, so agents who want to renew online are also not able to renew on time.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In Tiwari's estimation, the current economic recession has also had an indirect effect on the renewal of agents’ license. He says, “Since the business is at a standstill, most of the agents are not willing to renew. In addition to that, some agents have received the license and are not even working as an agent.” </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of the authority, said that with the implementation of the one agent, one insurance company policy, the number of agents renewing their licenses has decreased.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Regarding the agents’ complaint that there are problems with the authority's server, the officer says that 'problems appear sometimes due to the new technology'. However, he mentioned that after noticing such problems, the authority has also made necessary improvements in the system.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the official, agents who have not renewed their license by mid-April will be able to renew it by paying an extra charge of Rs 100 by mid-June. Those who have not renewed within that period as will be able to renew by paying an additional fee of Rs 5 per day by mid-October. Licenses that are not renewed by mid-October will automatically be cancelled.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17419', 'image' => '20230427125458_Insurance.jpg', 'article_date' => '2023-04-27 12:54:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17683', 'article_category_id' => '1', 'title' => 'Good Migration Policy Can Help Ensure Prosperity: World Bank', 'sub_title' => '', 'summary' => 'April 27: A new report from the World Bank has shown that many countries are becoming increasingly dependent on migration to attain their long-term development potential as the population around the world is growing at an unprecedented rate.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 27: A new report from the World Bank has shown that many countries are becoming increasingly dependent on migration to attain their long-term development potential as the population around the world is growing at an unprecedented rate.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The World Development Report 2023: Migrants, Refugees and Societies identifies this trend as a unique opportunity to make migration work better for economies and people.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the report, rich and increasingly middle-income countries, which in the past were the main sources of migrant workers, are facing issues of shrinking populations and intensifying global competition for workers and talent. At the same time, very low-income countries are expected to experience rapid population growth, which will put pressure on them to create more jobs for their young population. According to a study conducted by the World Bank, there is a danger that a good immigration policy of a developed country may lead to a shortage of labor force due to emigration and migration in underdeveloped countries. The report notes that the share of working-age adults in many countries will decline sharply over the next decade.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">World Bank Senior Managing Director Axel van Trotsenberg said, “Migration can be a powerful force for prosperity and development. If managed well, it benefits all sources and destinations of workers.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Apart from demographic change, the factors of migration are also changing, which is making cross-border movement more diverse and complex. Now the identification of source and destination countries has spread to all income levels. Many countries like Mexico, Nigeria, the UK are both sending and receiving immigrants. The report also mentions that the number of refugees has almost tripled in the last decade. The report mentions that climate change threatens to promote further migration. Until now, climate-induced migration has been limited only within countries, but 40 percent of the world's populations (3.4 billion people) live in areas with high impacts of climate change.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Current approaches not only fail to maximize the potential development benefits of migration, but also cause great suffering to the people in crisis. The report states, “About 2.5 percent of the world's population, i.e. 104 million people (including 37 million refugees) are now outside their countries. The largest share of these people (43 percent) is found to be in developing countries.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to Indermeet Gill, World Bank Group Chief Economist and Vice President of Development Economics, the report offers a simple and powerful framework to help shape migration and refugee policy. He said, “This tells us that such policies can be made unilaterally by the destination country and if they are made multilaterally by the countries of destination, transit and origin, it can be considered as a multinational responsibility.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The report emphasized that countries of origin should make labor migration a clear part of their development strategies. The report points out that they should reduce remittance costs, facilitate the transfer of knowledge from their diaspora, and build skills that are in high demand globally. By doing so, their citizens will get good jobs when they go to other countries and the adverse effects of brain drain can be minimized, their citizens who are abroad can be protected and they can be supported when they return. The report also emphasized the need for better management of migration.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17418', 'image' => '20230427120430_wb migration.jpg', 'article_date' => '2023-04-27 12:03:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17684', 'article_category_id' => '1', 'title' => 'Samsung Sets up Television Factory in Nawalparasi', 'sub_title' => '', 'summary' => 'April 27: South Korean electronics giant Samsung has set up a television factory in Nawalparasi in collaboration with Him Electronics.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">April 27: South Korean electronics giant Samsung has set up a television factory in Nawalparasi in collaboration with Him Electronics.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The company claimed that this is the first time a multinational company has set up an electronics manufacturing facility in Nepal and it will have a major impact on the local economy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The television factory was jointly inaugurated by Minister for Industry, Commerce and Supplies Ramesh Rijal and Samsung’s South-West Asia President and Chief Executive Officer JB Park. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The opening ceremony was attended by Shekhar Golcha, president of Golcha Group, Park Chong Suk, South Korean ambassador to Nepal, Sung Joon Park, head of Samsung Electronics Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At the opening ceremony, President and CEO of Samsung South-West Asia Park said that the new television industry will strengthen the relationship with Nepal. He said that the industry will provide employment opportunities to the locals.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"This new television factory with our partners Him Electronics will further deepen our bond with Nepal and underline the work we are doing to strengthen the local industry and provide employment opportunities to people here. It will also facilitate the development of skilled manpower. We thank the Nepal Government and local authorities for their strong vision and continued support," Psrk said in a statement issued by the company.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Samsung has been present in Nepal for over two decades and this new television plant is a reflection of the company's special interest in the country, added the statement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The manufacturing facility will also help create a better electronics manufacturing ecosystem in Nepal.”</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17417', 'image' => '20230427125341_1682558666.collage (4).jpg', 'article_date' => '2023-04-27 12:52:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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' => '17700', 'article_category_id' => '1', 'title' => 'NAC Aircraft Makes Successful Test Flight at Resunga Airport ', 'sub_title' => '', 'summary' => 'April 28: A plane of Nepal Airlines Corporation (NAC) made a successful test flight at Gulmi-based Resunga Airport at 7:39 am on Friday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 28: A plane of Nepal Airlines Corporation (NAC) made a successful test flight at Gulmi-based Resunga Airport at 7:39 am on Friday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC plane with call sign 9N-ABT departed from Tribhuvan International Airport (TIA), Kathmandu, and landed at Resunga Airport located at Simichaur of Resunga Municipality-10 in Gulmi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC conducted the test flight as a preparation to launch commercial flights as per the agreement reached between the NAC and the municipality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson for the Nepal Airlines Operators Association, Yograj Kandel, said that plans are afoot for the commercial flights after the successful test flight. He said that the NAC will begin commercial flight after carrying out an assessment from a technical team. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Kandel, the travel fare and the number of passenger in a flight would be determined after the study.</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"">"The air fare could be around Rs 6,000 per person for Resunga-Kathmandu flight," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Captain Manish Bista of NAC said that regular flights would be conducted after submitting the flight report to the Civil Aviation Authority of Nepal (CAAN) within a week. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The construction of the airport was completed some months ago 16 years after othe commencement of the work. Built with an investment of Rs 330 million, the airport's runway is 520 metres long and 20 metres wide. Located at an elevation of 1,526 metres above the sea level, the airport is spread over 156 ropanis of land. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After the successful test flight, Mayor of Resunga Municipality Khildhowj Panthi expressed his happiness stating that the dream of the locals to travel to Kathmandu by plane is being materialised soon. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17434', 'image' => '20230428123538_nac twin.jpg', 'article_date' => '2023-04-28 12:35:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17698', 'article_category_id' => '1', 'title' => 'Economy Returning Back on Track: NRB Governor', 'sub_title' => '', 'summary' => 'April 28: Governor of Nepal Rastra Bank (NRB) Mahaprasad Adhikari has claimed that the economy is gradually returning to its rhythm.', '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"">April 28: Governor of Nepal Rastra Bank (NRB) Mahaprasad Adhikari has claimed that the economy is gradually returning to its rhythm. Adhikari said that the interest rates of the banks have started to decrease with the decline in the external pressure on the economy, and this in turn will gradually improve the economic activities in the domestic market.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Speaking at a program organized on the occasion of the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">68</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">th anniversary of NRB on Thursday, Governor Adhikari said that the liquidity situation of the banking system is improving along with the ease in the external sector. He claimed that domestic economic activities have also started to improve as banks and financial institutions have started reducing the interest rates. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Although the liquidity management has become easier with the improvement in the external sector of the economy, the pressure on inflation due to international reasons is still there," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Governor Adhikari said that due to the efforts of the central bank and the Government of Nepal, the pressure of the external sector on the economy has decreased. He said that the government had banned the import of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> luxury items and the situation has improved since October when the central bank implemented the provision of cash margin for the import of various items. He added that the interest rates of the banks are going to decline due the improvement in the foreign currency reserves. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Governor Adhikari said that the improvement in foreign exchange reserves has resulted in an increase in the liquidity situation of the banking system and this is also reducing the interest rate. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"The pressure on interest rates has started to decrease due to the improvement in liquidity," he said, adding, "Banks and financial institutions have also started reducing interest rates on deposits and loans." </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The governor claimed that the financial sector is safe even though the banks have been under pressure in recent times due to bad loans. He mentioned that Nepal's banks and financial institutions are in a strong state in terms of indicators such as bad loans of banks, loan recovery situation among others.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17433', 'image' => '20230428114755_1682646962.jpg', 'article_date' => '2023-04-28 11:47:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17699', 'article_category_id' => '1', 'title' => 'Kathmandu Statement on Nutrition-Secure South Asia', 'sub_title' => 'Nepal hosts SAPLING’s Regional Dialogue on Resilient Agri-Food System in South Asia', 'summary' => 'April 28: Stakeholders this week announced the Kathmandu Statement to nurture resilient food systems with a commitment for a nutrition-secure South Asia.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">April 28: Stakeholders this week announced the Kathmandu Statement to nurture resilient food systems with a commitment for a nutrition-secure South Asia.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The announcement was made during the the second dialogue event organised in Kathmandu by the South Asian Policy Leadership for Improved Nutrition and Growth (SAPLING) on improving agri-food systems. According to a statement issued by the organisers, the event was held on April 24 and 25.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The SAPLING initiative was launched in 2019 with the aim to drive a ‘food systems approach’ to combat malnutrition in South Asia in alignment with the Sustainable Development Goals (SDGs) of the United Nations. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">This week’s event saw the participation of over 60 delegates from SAPLING member countries - Nepal, Bangladesh, Sri Lanka, India and Bhutan.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The event was co-hosted by the National Planning Commission (NPC)of Nepal, BRAC Bangladesh - the current SAPLING Secretariat, IPE Global Limited, an Indian development sector think-tank, and the Institute for Integrated Development Studies (IIDS), Nepal, a not-for-profit think-tank headquartered in Kathmandu. SAPLING is supported by the Bill and Melinda Gates Foundation.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">According to the organisers, the first day of the event focussed on setting the context. Siddharth Chaturvedi, senior programme officer of the Bill & Melinda Gates Foundation spoke on the need for and importance of having a regional platform for consensus building among various stakeholders for mainstreaming evidence-based policy, action and leadership to combat malnutrition in line with policymakers' needs and priorities through an agri-food system lens. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">Kewal Prasad Bhandari, secretary of the National Planning Commission acknowledged the need for inter-government collaboration and also bringing together private sector partners and other relevant stakeholders. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The second day featured a policymakers' roundtable where high-level government dignitaries from Bangladesh, Sri Lanka, Bhutan and Nepal discussed the priorities, the agendas for regional collaboration for strengthening agri-food systems and the modalities for the same. There was a brainstorming session on the use of technologies for Climate Smart Agriculture and Post-Harvest Loss Reduction to steer regional collaboration, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">Panel discussions were also held on how to create an enabling environment to promote cross-border private sector investments, and on steering knowledge collaborations and learning among SAPLING countries.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The experts and government officials participating in the event endorsed the need for having an initiative like SAPLING which could act as an agile regional platform to foster inter-governmental collaboration and perform the role of a knowledge aggregator around the use of climate-smart technologies, reducing post-harvest losses, improving food safety to pollinate learnings from the member countries across the region. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17432', 'image' => '20230428120424_SAPLING Kathmandu Dialogue - Statement.jpeg', 'article_date' => '2023-04-28 12:02:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17697', 'article_category_id' => '1', 'title' => 'Air Routes to Feature in Nepal’s Agenda during PM’s India Visit', 'sub_title' => '', 'summary' => 'April 28: The government, during the prime minister’s state visit to India, is making preparations to sign an agreement with the southern neighbour to allow seamless operation of the digital wallets registered in the two countries.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">April 28: The government, during the prime minister’s state visit to India, is making preparations to sign an agreement with the southern neighbour to allow seamless operation of the digital wallets registered in the two countries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">During the upcoming visit of Prime Minister Pushpa Kamal Dahal, the Nepali delegation will also raise the issue of air routes for the international airports in Pokhara and Bhairahawa and the issue of the 136-kilometer long Kathmandu-Raxaul railway. The government is also preparing to sign an agreement to trade electricity.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal is preparing a proposal to request New Delhi to give Nepal an air route through Mahendranagar. A senior official of the Ministry of Foreign Affairs said that additional agenda is being discussed with other ministries and the draft will be finalized soon. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal will also seek an increase in financial assistance provided by India in order to reduce the financial crisis in the country. In recent years, India has been gradually cutting down the subsidies, and the finance ministry officials have decided to draw India’s attention towards it.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The political adviser to the prime minister Haribol Gajurel said that necessary homework is being done to raise economic and political issues during the visit. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The Ministry of Foreign Affairs is coordinating the matter and setting the agenda. Gajurel says that there is a strong possibility that the visit will take place within a fortnight.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A senior official of the Ministry of Foreign Affairs said that Foreign Minister NP Saud is making the necessary preparations for Dahal's visit within a fortnight considering the elections in India.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Former Nepalese Ambassador to India Deep Kumar Upadhyay says that economic issues should be raised with priority during the prime minister's visit. According to him, the trade deficit has increased considerably. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“There is a lot of talk about reducing the trade deficit. However, India has not paid attention to it,” said Upadhyaya adding that Nepal should take up the issue with vigor.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to former Ambassador Upadhyay, the issue of energy trade should also be raised during the upcoming high-level visit. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“Nepal has not been able to export electricity to other markets due to India's obstruction. It is necessary to show the will to raise such issues during the visit," he added.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Some of the earlier agreements with India have not yet been implemented, so experts suggest that those issues should be raised during the prime minister's visit.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In the fiscal year 2072-73, India had made a commitment to provide Rs 7.59 billion for the upgradation of roads in the Terai region. The amount committed by India has not been released yet. Even the financial assistance promised by India for the post-earthquake reconstruction has not yet come as per the commitment.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17431', 'image' => '20230428111844_1682642151.-Nepal-India-.jpg', 'article_date' => '2023-04-28 11:17:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17696', 'article_category_id' => '1', 'title' => 'Rain Coupled with Thunder likely Today ', 'sub_title' => '', 'summary' => 'April 28: Due to the impacts of the Westerly winds in the country, there is probability of partial to general rainfall in the hill areas of Koshi, Gandaki, Karnali and Sudurpaschim provinces today (Friday). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 28: Due to the impacts of the Westerly winds in the country, there is probability of partial to general rainfall in the hill areas of Koshi, Gandaki, Karnali and Sudurpaschim provinces today (Friday). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Weather Forecasting Division said that the weather will be mainly fair in rest of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Isolated brief rain or thundershowers is possible at a few places of the hill areas of Gandaki Province, Karnali Province and Sudur Pashchim Province and at one or two places of the hill regions of rest of the provinces, the division said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tonight, the weather will be partly cloudy in the hill areas and mainly fair to partly cloudy in the Tarai region. Isolated brief rain or thundershowers is possible at one or two places of hill regions of Koshi Province and Gandaki Province tonight. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17430', 'image' => '20230428111749_rainfallll.jpg', 'article_date' => '2023-04-28 11:17:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17695', 'article_category_id' => '1', 'title' => 'Three Earthquakes Jolt Bajura', 'sub_title' => '', 'summary' => 'April 28: Three earthquakes occurred in Bajura district since last night. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 28: Three earthquakes occurred in Bajura district since last night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to National Earthquake Monitoring and Research Centre, Lainchaur, three separate quakes took place with their epicenter in Dahakot of Bajura district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Centre, the first quake of magnitude 4.9 in the Richter scale occurred at 11:58 pm and the second of magnitude 5.9 in the Richter scale happened at 1:30 in the night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the third quake of magnitude 3.9 jolted the district at 1:51 in the night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The details of the damages caused due to the quakes have not been received yet, it is stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, a quake had occurred with its epicenter at Jugada area of the district on April 17. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The western belt of the country has witnessed increased number of earthquakes in the recent days. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17429', 'image' => '20230428104459_bajura.jpg', 'article_date' => '2023-04-28 10:44:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17694', 'article_category_id' => '218', 'title' => 'Dinesh Thakali Appointed CEO of Kamana Sewa Bikas Bank for Four-Year Term', 'sub_title' => '', 'summary' => 'Kamana Sewa Bikas Bank has announced the appointment of Dinesh Thakali as its new Chief Executive Officer (CEO), effective from May 28, 2023. Thakali's appointment was made by the bank's Board of Directors during a meeting held on Wednesday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">April 28: Kamana Sewa Bikas Bank has announced the appointment of Dinesh Thakali as its new Chief Executive Officer (CEO), effective from May 28, 2023. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali's appointment was made by the bank's Board of Directors during a meeting held on Wednesday.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali is a highly experienced banking professional with a proven track record of leading successful financial institutions. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Prior to his new role, he served as Deputy General Manager at Prabhu Bank Limited for two years before working as Managing Director at Prabhu Capital for an additional two years. He also served as the Chief Executive Officer at Shangrila Development Bank.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali is a chartered accountant with extensive knowledge of banking and capital markets, as well as experience in managing bank loans and deposit marketing.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali holds a Master's degree in Management and a Bachelor's degree in Law from Tribhuvan University. He has also completed courses on banking and management from institutions such as the World Bank, AIT Thailand, and the London School of Economics.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali's appointment as CEO of Kamana Sewa Bikas Bank is for a four-year term, during which he will be responsible for leading the bank's growth and expansion strategies. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">The bank's Board of Directors expressed confidence in Thakali's ability to drive the bank's success and deliver value to its customers and stakeholders.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17428', 'image' => '20230428065908_collage (1).jpg', 'article_date' => '2023-04-28 06:55:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '17693', 'article_category_id' => '1', 'title' => 'Bajura District Struck by Two Earthquakes in Rapid Succession', 'sub_title' => '', 'summary' => 'Two earthquakes hit Bajura District in Nepal within a span of just one and a half hours in the late hours of Thursday night. The first quake, measuring 4.9 on the Richter scale, struck the district at 11:58 pm on Thursday, followed by a second, more powerful tremor of 5.9 magnitude at 1:30 am on Friday.', 'content' => '<p> </p> <p><span style="font-size:18px"> April 28: Two earthquakes hit Bajura District in Nepal within a span of just one and a half hours in the late hours of Thursday night. </span></p> <p><span style="font-size:18px">The first quake, measuring 4.9 on the Richter scale, struck the district at 11:58 pm on Thursday, followed by a second, more powerful tremor of 5.9 magnitude at 1:30 am on Friday.</span></p> <p><span style="font-size:18px">The epicenter of both earthquakes was located in Dahakot, Bajura, according to Rajesh Sharma, a technical assistant at the Surkhet Earthquake Measurement Center. The quakes caused panic among local residents, who rushed out of their homes to escape the shaking.</span></p> <p><span style="font-size:18px">The impact of the earthquakes was also felt in neighboring districts of Bajura, although there have been no immediate reports of damage or casualties. </span></p> <p><span style="font-size:18px">The local authorities are currently assessing the situation and gathering information about the possible damage caused by the quakes.</span></p> <p><span style="font-size:18px">"We are working to collect details about the possible damage by the earthquakes," said a spokesperson for the District Police Office in Bajura. </span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17427', 'image' => '20230428063231_collage.jpg', 'article_date' => '2023-04-28 06:27:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '17692', 'article_category_id' => '1', 'title' => 'Both NEPSE Index and Turnover Amount Fall; Investors Attracted Towards Banking and Hotel and Tourism', 'sub_title' => '', 'summary' => 'The NEPSE index dropped along with turnover amount on Thursday, the last trading day of the week. The NEPSE Index shed 2.27 points or 0.12% and settled at 1889.73 points on Thursday. The index lost 13.68 points on Wednesday. ', 'content' => '<p><span style="font-size:18px">April 27: The NEPSE index dropped along with turnover amount on Thursday, the last trading day of the week. The NEPSE Index shed 2.27 points or 0.12% and settled at 1889.73 points on Thursday. The index lost 13.68 points on Wednesday. </span></p> <p><span style="font-size:18px">A total of 269 scrips traded hands via 21,851 transactions. A total of 2,174,914 shares exchanged hands, worth Rs 73.96 crores in turnover amount. This is lower than the last trading day's turnover of Rs. 84.7 crores.</span></p> <p><span style="font-size:18px">The fall in turnover amount shows sellers not willing to sell at the current prices and buyers reluctant to make purchases.</span></p> <p><span style="font-size:18px">Everest Bank Limited (EBL) had the highest turnover of Rs. 3.76 crores closing at a market price of Rs. 539 per share. The shares of HDHPC traded the most.</span></p> <p><span style="font-size:18px">Citizens Mutual Fund 2 (CMF2) gained the highest 5.85% for the day. On the contrary, NIBL Growth Fund (NIBLGF) lost 10% on Thursday. </span></p> <p><span style="font-size:18px">Only two sector indices settled in the green zone. "Manufacturing and processing" lost the highest 1.28%, while "Hotel and Tourism" gained the highest 1.83% today.<br /> The Sensitive Index declined by 0.13%, while Float index and the Sensitive float index fell by 0.7% and 0.1% respectively on the last trading day. </span><br /> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17426', 'image' => '20230427045345_collage (7).jpg', 'article_date' => '2023-04-27 16:50:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '17691', 'article_category_id' => '1', 'title' => 'FM Mahat Directs Customs Employees to Work with Honesty', 'sub_title' => '', 'summary' => 'Finance Minister Dr Prakash Sharan Mahat has directed the customs employees to work honestly and transparently. ', 'content' => '<p><br /> <span style="font-size:18px">April 27: Finance Minister Dr Prakash Sharan Mahat has directed the customs employees to work honestly and transparently. </span></p> <p><span style="font-size:18px">After inspecting Biratnagar Customs Office on Thursday, Finance Minister Mahat said, "You are in sensitive service like revenue collection of the state. No one has rights to misuse their responsibilities or carry out illegal activities”. </span></p> <p><span style="font-size:18px">Clarifying that the government would not excuse the trend of customs leakage, Minister Mahat expressed confidence that customs officials would do better in the coming days for revenue collection. </span></p> <p><span style="font-size:18px">Mahat said that the evaluation of the employees would be done on the basis of their performance.The Finance Minister opined that he had expected a significant increment in the recovery of customs with the end of current fiscal year. </span></p> <p><span style="font-size:18px">Mahat also asked authorities concerned not to put taxpayers in unnecessary trouble in the name of increasing revenue.</span></p> <p><span style="font-size:18px">Finance Minister Mahat called the customs employees to work with transparency and build easy and conducive environment for service recipients. “Our job is to deliver services in a hassle-free and convenient manner,” Mahat held. --RSS</span><br /> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17425', 'image' => '20230427040330_collage (6).jpg', 'article_date' => '2023-04-27 16:01:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17690', 'article_category_id' => '1', 'title' => 'Lack of Budget affects Import of Fertilizers under G2G Initiative', 'sub_title' => '', 'summary' => 'April 27: The government has allocated a budget of Rs 38.5 billion to import chemical fertilizers for the current fiscal year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">April 27: The government has allocated a budget of Rs 38.5 billion to import chemical fertilizers for the current fiscal year. Because the budget is not released on time, there has been a problem with the import of fertilizer that is supposed to be bought from India through the G2G process.</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"">So far, the government has been able to import only 30,000 metric tons of urea through the G2G process. However, according to the agreement with the Indian Government, Nepal should have brought 100,000 metric tons of urea and 50,000 metric tons of DAP. However, the Ministry of Agriculture and Livestock Development has informed that due to the untimely release of the budget, fertilizers could not be brought as per the agreement.</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 a senior official of the ministry, out of the Rs 38.5 billion allocated for the purchase of fertilizers in the current year, the ministry has received only Rs 22 billion. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">When the fertilizer is brought through the tender process, payment is made only after the fertilizer arrives at the customs, said the official, adding that the government has to pay in advance to import fertilizer through the G2G process.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He also said that to prevent the situation of not being able to import fertilizer on time, the ministry has already started to allocate a sufficient amount for fertilizer in the upcoming budget.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">If this happens, funds will be allocated in the regular budget for about 550000 metric tons of fertilizer required in Nepal.</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"">To reduce the problem of fertilizer shortage in the country, Nepal signed a G2G agreement with the Indian government on February 16, 2023. According to the agreement, Nepal has to bring 565,000 metric tons of urea and 370,000 tons of DAP fertilizer from India in five years. </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 state-owned Agricultural Inputs Company Limited has got the responsibility of buying and importing fertilizers under the G2G process. </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"">Bishnu Pokharel, the business managing director of the company, informed that budget allocation is the main problem for the delay in bringing the fertilizers under the G2G initiative.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to him, at the initial stage, the process was delayed due to disagreements on issues such as the price and transportation cost. Later, there was a shortage of funds after the price of fertilizers increased tremendously in the international market. Even now, due to the lack of funds, there is a problem in supplying the fertilizer.</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"">Currently, the Agricultural Inputs Company has a stock of 37,000 metric tons of urea and 19,000 metric tons of DAP. Likewise, the Salt Trading Corporation also has 24,000 tons of fertilizers including urea and DAP.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17424', 'image' => '20230427030620_Fertilizer.jpg', 'article_date' => '2023-04-27 15:05:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17688', 'article_category_id' => '1', 'title' => 'NEA Charging Premium Tariff Even After the End of Load Shedding', 'sub_title' => '', 'summary' => 'April 27: The industrialists of Bara-Parsa have complained that the Nepal Electricity Authority (NEA) has been imposing the premium tariff even on the industries that have not subscribed a dedicated line and those industries established after the end of load-shedding.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 27: The industrialists of Bara-Parsa have complained that the Nepal Electricity Authority (NEA) has been imposing the premium tariff even on the industries that have not subscribed a dedicated line and those industries established after the end of load-shedding.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industrialists met Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet and said that they have had to bear the burden of the authority's procedural. The delegation of Birgunj Chamber of Commerce and Industry met the energy minister and complained that the authority has done injustice to the industrialists.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Two years after the end of load shedding, the Electricity Regulatory Commission canceled the dedicated and trunk lines and fixed the normal tariff rate in June 2020. The electricity tariff during these two years is disputed. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industries that did not demand dedicated line even during the load-shedding period have been insisting that they will not pay the premium tariff.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“It is all right if the NEA seeks premium from the industries that demanded a dedicated line but it is unfair to impose the same rate to those who did not place such demand,” said one of the industrialists.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industrialists made it clear that they will not pay the dedicated tariff which they have not demanded. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Madhav Rajpal, the vice president of the chamber said, “Along with the end of load shedding, the regulation of NEA should also be revised. On the contrary, it imposed an expensive tariff of up to 65 percent of the normal rate to customers. The arrears shown in the name of customers who did not demand for the dedicated line should be waived.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industrialists say that it is unfair to try to collect premium charges from customers who have subscribed for the service after the end of the load shedding period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the meeting with industrialists, Minister Basnet said that he is aware of this dispute between the authority and the industrialists. Rajpal said that Minister Basnet assured to take initiative to solve the problem.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The NEA had officially announced the end of load shedding in the industrial sector from 15 May 2018. Rajpal said that the authority has not amended the Electricity Tariff Collection Regulations 2073 and since then, there has been a problem with tariff.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17422', 'image' => '20230427021015_1682555237.lod.jpeg', 'article_date' => '2023-04-27 14:08:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17685', 'article_category_id' => '1', 'title' => 'Half of Insurance Agents Fail to Renew License', 'sub_title' => '', 'summary' => 'April 27: Nepal Insurance Authority (NIA) has stated that only 116,638 insurance agents have renewed their license by mid-April this year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 27: Nepal Insurance Authority (NIA) has stated that only 116,638 insurance agents have renewed their license by mid-April this year. This is just 52.58 percent of the total agents who have to renew their licenses.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the latest data received from the authority, the number of insurance agents in Nepal is 264,526, including 42,711 new agents who do not need to renew their license immediately. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As per the provisions of the Insurance Act 2079 issued on November 8, new agents must renew their license every three years. In the case of agents who have already taken the license before November 8, they should renew it by mid-April according to the provisions of the Insurance Act 2049. As per the authority, the number of licensed agents before the implementation of the Insurance Act 2079 is 221,815.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nanda Prasad Tiwari, president of the Nepal Insurance Professional’s Society says that most of the agents do not know that they have to renew the license online. In addition, when trying to renew the license, the authority's server is often down, so agents who want to renew online are also not able to renew on time.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In Tiwari's estimation, the current economic recession has also had an indirect effect on the renewal of agents’ license. He says, “Since the business is at a standstill, most of the agents are not willing to renew. In addition to that, some agents have received the license and are not even working as an agent.” </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of the authority, said that with the implementation of the one agent, one insurance company policy, the number of agents renewing their licenses has decreased.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Regarding the agents’ complaint that there are problems with the authority's server, the officer says that 'problems appear sometimes due to the new technology'. However, he mentioned that after noticing such problems, the authority has also made necessary improvements in the system.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the official, agents who have not renewed their license by mid-April will be able to renew it by paying an extra charge of Rs 100 by mid-June. Those who have not renewed within that period as will be able to renew by paying an additional fee of Rs 5 per day by mid-October. Licenses that are not renewed by mid-October will automatically be cancelled.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17419', 'image' => '20230427125458_Insurance.jpg', 'article_date' => '2023-04-27 12:54:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17683', 'article_category_id' => '1', 'title' => 'Good Migration Policy Can Help Ensure Prosperity: World Bank', 'sub_title' => '', 'summary' => 'April 27: A new report from the World Bank has shown that many countries are becoming increasingly dependent on migration to attain their long-term development potential as the population around the world is growing at an unprecedented rate.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 27: A new report from the World Bank has shown that many countries are becoming increasingly dependent on migration to attain their long-term development potential as the population around the world is growing at an unprecedented rate.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The World Development Report 2023: Migrants, Refugees and Societies identifies this trend as a unique opportunity to make migration work better for economies and people.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the report, rich and increasingly middle-income countries, which in the past were the main sources of migrant workers, are facing issues of shrinking populations and intensifying global competition for workers and talent. At the same time, very low-income countries are expected to experience rapid population growth, which will put pressure on them to create more jobs for their young population. According to a study conducted by the World Bank, there is a danger that a good immigration policy of a developed country may lead to a shortage of labor force due to emigration and migration in underdeveloped countries. The report notes that the share of working-age adults in many countries will decline sharply over the next decade.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">World Bank Senior Managing Director Axel van Trotsenberg said, “Migration can be a powerful force for prosperity and development. If managed well, it benefits all sources and destinations of workers.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Apart from demographic change, the factors of migration are also changing, which is making cross-border movement more diverse and complex. Now the identification of source and destination countries has spread to all income levels. Many countries like Mexico, Nigeria, the UK are both sending and receiving immigrants. The report also mentions that the number of refugees has almost tripled in the last decade. The report mentions that climate change threatens to promote further migration. Until now, climate-induced migration has been limited only within countries, but 40 percent of the world's populations (3.4 billion people) live in areas with high impacts of climate change.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Current approaches not only fail to maximize the potential development benefits of migration, but also cause great suffering to the people in crisis. The report states, “About 2.5 percent of the world's population, i.e. 104 million people (including 37 million refugees) are now outside their countries. The largest share of these people (43 percent) is found to be in developing countries.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to Indermeet Gill, World Bank Group Chief Economist and Vice President of Development Economics, the report offers a simple and powerful framework to help shape migration and refugee policy. He said, “This tells us that such policies can be made unilaterally by the destination country and if they are made multilaterally by the countries of destination, transit and origin, it can be considered as a multinational responsibility.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The report emphasized that countries of origin should make labor migration a clear part of their development strategies. The report points out that they should reduce remittance costs, facilitate the transfer of knowledge from their diaspora, and build skills that are in high demand globally. By doing so, their citizens will get good jobs when they go to other countries and the adverse effects of brain drain can be minimized, their citizens who are abroad can be protected and they can be supported when they return. The report also emphasized the need for better management of migration.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17418', 'image' => '20230427120430_wb migration.jpg', 'article_date' => '2023-04-27 12:03:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17684', 'article_category_id' => '1', 'title' => 'Samsung Sets up Television Factory in Nawalparasi', 'sub_title' => '', 'summary' => 'April 27: South Korean electronics giant Samsung has set up a television factory in Nawalparasi in collaboration with Him Electronics.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">April 27: South Korean electronics giant Samsung has set up a television factory in Nawalparasi in collaboration with Him Electronics.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The company claimed that this is the first time a multinational company has set up an electronics manufacturing facility in Nepal and it will have a major impact on the local economy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The television factory was jointly inaugurated by Minister for Industry, Commerce and Supplies Ramesh Rijal and Samsung’s South-West Asia President and Chief Executive Officer JB Park. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The opening ceremony was attended by Shekhar Golcha, president of Golcha Group, Park Chong Suk, South Korean ambassador to Nepal, Sung Joon Park, head of Samsung Electronics Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At the opening ceremony, President and CEO of Samsung South-West Asia Park said that the new television industry will strengthen the relationship with Nepal. He said that the industry will provide employment opportunities to the locals.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"This new television factory with our partners Him Electronics will further deepen our bond with Nepal and underline the work we are doing to strengthen the local industry and provide employment opportunities to people here. It will also facilitate the development of skilled manpower. We thank the Nepal Government and local authorities for their strong vision and continued support," Psrk said in a statement issued by the company.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Samsung has been present in Nepal for over two decades and this new television plant is a reflection of the company's special interest in the country, added the statement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The manufacturing facility will also help create a better electronics manufacturing ecosystem in Nepal.”</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17417', 'image' => '20230427125341_1682558666.collage (4).jpg', 'article_date' => '2023-04-27 12:52:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17700', 'article_category_id' => '1', 'title' => 'NAC Aircraft Makes Successful Test Flight at Resunga Airport ', 'sub_title' => '', 'summary' => 'April 28: A plane of Nepal Airlines Corporation (NAC) made a successful test flight at Gulmi-based Resunga Airport at 7:39 am on Friday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 28: A plane of Nepal Airlines Corporation (NAC) made a successful test flight at Gulmi-based Resunga Airport at 7:39 am on Friday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC plane with call sign 9N-ABT departed from Tribhuvan International Airport (TIA), Kathmandu, and landed at Resunga Airport located at Simichaur of Resunga Municipality-10 in Gulmi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC conducted the test flight as a preparation to launch commercial flights as per the agreement reached between the NAC and the municipality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson for the Nepal Airlines Operators Association, Yograj Kandel, said that plans are afoot for the commercial flights after the successful test flight. He said that the NAC will begin commercial flight after carrying out an assessment from a technical team. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Kandel, the travel fare and the number of passenger in a flight would be determined after the study.</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"">"The air fare could be around Rs 6,000 per person for Resunga-Kathmandu flight," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Captain Manish Bista of NAC said that regular flights would be conducted after submitting the flight report to the Civil Aviation Authority of Nepal (CAAN) within a week. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The construction of the airport was completed some months ago 16 years after othe commencement of the work. Built with an investment of Rs 330 million, the airport's runway is 520 metres long and 20 metres wide. Located at an elevation of 1,526 metres above the sea level, the airport is spread over 156 ropanis of land. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After the successful test flight, Mayor of Resunga Municipality Khildhowj Panthi expressed his happiness stating that the dream of the locals to travel to Kathmandu by plane is being materialised soon. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17434', 'image' => '20230428123538_nac twin.jpg', 'article_date' => '2023-04-28 12:35:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17698', 'article_category_id' => '1', 'title' => 'Economy Returning Back on Track: NRB Governor', 'sub_title' => '', 'summary' => 'April 28: Governor of Nepal Rastra Bank (NRB) Mahaprasad Adhikari has claimed that the economy is gradually returning to its rhythm.', '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"">April 28: Governor of Nepal Rastra Bank (NRB) Mahaprasad Adhikari has claimed that the economy is gradually returning to its rhythm. Adhikari said that the interest rates of the banks have started to decrease with the decline in the external pressure on the economy, and this in turn will gradually improve the economic activities in the domestic market.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Speaking at a program organized on the occasion of the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">68</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">th anniversary of NRB on Thursday, Governor Adhikari said that the liquidity situation of the banking system is improving along with the ease in the external sector. He claimed that domestic economic activities have also started to improve as banks and financial institutions have started reducing the interest rates. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Although the liquidity management has become easier with the improvement in the external sector of the economy, the pressure on inflation due to international reasons is still there," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Governor Adhikari said that due to the efforts of the central bank and the Government of Nepal, the pressure of the external sector on the economy has decreased. He said that the government had banned the import of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> luxury items and the situation has improved since October when the central bank implemented the provision of cash margin for the import of various items. He added that the interest rates of the banks are going to decline due the improvement in the foreign currency reserves. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Governor Adhikari said that the improvement in foreign exchange reserves has resulted in an increase in the liquidity situation of the banking system and this is also reducing the interest rate. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"The pressure on interest rates has started to decrease due to the improvement in liquidity," he said, adding, "Banks and financial institutions have also started reducing interest rates on deposits and loans." </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The governor claimed that the financial sector is safe even though the banks have been under pressure in recent times due to bad loans. He mentioned that Nepal's banks and financial institutions are in a strong state in terms of indicators such as bad loans of banks, loan recovery situation among others.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17433', 'image' => '20230428114755_1682646962.jpg', 'article_date' => '2023-04-28 11:47:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17699', 'article_category_id' => '1', 'title' => 'Kathmandu Statement on Nutrition-Secure South Asia', 'sub_title' => 'Nepal hosts SAPLING’s Regional Dialogue on Resilient Agri-Food System in South Asia', 'summary' => 'April 28: Stakeholders this week announced the Kathmandu Statement to nurture resilient food systems with a commitment for a nutrition-secure South Asia.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">April 28: Stakeholders this week announced the Kathmandu Statement to nurture resilient food systems with a commitment for a nutrition-secure South Asia.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The announcement was made during the the second dialogue event organised in Kathmandu by the South Asian Policy Leadership for Improved Nutrition and Growth (SAPLING) on improving agri-food systems. According to a statement issued by the organisers, the event was held on April 24 and 25.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The SAPLING initiative was launched in 2019 with the aim to drive a ‘food systems approach’ to combat malnutrition in South Asia in alignment with the Sustainable Development Goals (SDGs) of the United Nations. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">This week’s event saw the participation of over 60 delegates from SAPLING member countries - Nepal, Bangladesh, Sri Lanka, India and Bhutan.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The event was co-hosted by the National Planning Commission (NPC)of Nepal, BRAC Bangladesh - the current SAPLING Secretariat, IPE Global Limited, an Indian development sector think-tank, and the Institute for Integrated Development Studies (IIDS), Nepal, a not-for-profit think-tank headquartered in Kathmandu. SAPLING is supported by the Bill and Melinda Gates Foundation.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">According to the organisers, the first day of the event focussed on setting the context. Siddharth Chaturvedi, senior programme officer of the Bill & Melinda Gates Foundation spoke on the need for and importance of having a regional platform for consensus building among various stakeholders for mainstreaming evidence-based policy, action and leadership to combat malnutrition in line with policymakers' needs and priorities through an agri-food system lens. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">Kewal Prasad Bhandari, secretary of the National Planning Commission acknowledged the need for inter-government collaboration and also bringing together private sector partners and other relevant stakeholders. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The second day featured a policymakers' roundtable where high-level government dignitaries from Bangladesh, Sri Lanka, Bhutan and Nepal discussed the priorities, the agendas for regional collaboration for strengthening agri-food systems and the modalities for the same. There was a brainstorming session on the use of technologies for Climate Smart Agriculture and Post-Harvest Loss Reduction to steer regional collaboration, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">Panel discussions were also held on how to create an enabling environment to promote cross-border private sector investments, and on steering knowledge collaborations and learning among SAPLING countries.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The experts and government officials participating in the event endorsed the need for having an initiative like SAPLING which could act as an agile regional platform to foster inter-governmental collaboration and perform the role of a knowledge aggregator around the use of climate-smart technologies, reducing post-harvest losses, improving food safety to pollinate learnings from the member countries across the region. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17432', 'image' => '20230428120424_SAPLING Kathmandu Dialogue - Statement.jpeg', 'article_date' => '2023-04-28 12:02:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17697', 'article_category_id' => '1', 'title' => 'Air Routes to Feature in Nepal’s Agenda during PM’s India Visit', 'sub_title' => '', 'summary' => 'April 28: The government, during the prime minister’s state visit to India, is making preparations to sign an agreement with the southern neighbour to allow seamless operation of the digital wallets registered in the two countries.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">April 28: The government, during the prime minister’s state visit to India, is making preparations to sign an agreement with the southern neighbour to allow seamless operation of the digital wallets registered in the two countries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">During the upcoming visit of Prime Minister Pushpa Kamal Dahal, the Nepali delegation will also raise the issue of air routes for the international airports in Pokhara and Bhairahawa and the issue of the 136-kilometer long Kathmandu-Raxaul railway. The government is also preparing to sign an agreement to trade electricity.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal is preparing a proposal to request New Delhi to give Nepal an air route through Mahendranagar. A senior official of the Ministry of Foreign Affairs said that additional agenda is being discussed with other ministries and the draft will be finalized soon. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal will also seek an increase in financial assistance provided by India in order to reduce the financial crisis in the country. In recent years, India has been gradually cutting down the subsidies, and the finance ministry officials have decided to draw India’s attention towards it.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The political adviser to the prime minister Haribol Gajurel said that necessary homework is being done to raise economic and political issues during the visit. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The Ministry of Foreign Affairs is coordinating the matter and setting the agenda. Gajurel says that there is a strong possibility that the visit will take place within a fortnight.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A senior official of the Ministry of Foreign Affairs said that Foreign Minister NP Saud is making the necessary preparations for Dahal's visit within a fortnight considering the elections in India.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Former Nepalese Ambassador to India Deep Kumar Upadhyay says that economic issues should be raised with priority during the prime minister's visit. According to him, the trade deficit has increased considerably. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“There is a lot of talk about reducing the trade deficit. However, India has not paid attention to it,” said Upadhyaya adding that Nepal should take up the issue with vigor.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to former Ambassador Upadhyay, the issue of energy trade should also be raised during the upcoming high-level visit. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“Nepal has not been able to export electricity to other markets due to India's obstruction. It is necessary to show the will to raise such issues during the visit," he added.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Some of the earlier agreements with India have not yet been implemented, so experts suggest that those issues should be raised during the prime minister's visit.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In the fiscal year 2072-73, India had made a commitment to provide Rs 7.59 billion for the upgradation of roads in the Terai region. The amount committed by India has not been released yet. Even the financial assistance promised by India for the post-earthquake reconstruction has not yet come as per the commitment.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17431', 'image' => '20230428111844_1682642151.-Nepal-India-.jpg', 'article_date' => '2023-04-28 11:17:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17696', 'article_category_id' => '1', 'title' => 'Rain Coupled with Thunder likely Today ', 'sub_title' => '', 'summary' => 'April 28: Due to the impacts of the Westerly winds in the country, there is probability of partial to general rainfall in the hill areas of Koshi, Gandaki, Karnali and Sudurpaschim provinces today (Friday). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 28: Due to the impacts of the Westerly winds in the country, there is probability of partial to general rainfall in the hill areas of Koshi, Gandaki, Karnali and Sudurpaschim provinces today (Friday). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Weather Forecasting Division said that the weather will be mainly fair in rest of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Isolated brief rain or thundershowers is possible at a few places of the hill areas of Gandaki Province, Karnali Province and Sudur Pashchim Province and at one or two places of the hill regions of rest of the provinces, the division said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tonight, the weather will be partly cloudy in the hill areas and mainly fair to partly cloudy in the Tarai region. Isolated brief rain or thundershowers is possible at one or two places of hill regions of Koshi Province and Gandaki Province tonight. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17430', 'image' => '20230428111749_rainfallll.jpg', 'article_date' => '2023-04-28 11:17:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17695', 'article_category_id' => '1', 'title' => 'Three Earthquakes Jolt Bajura', 'sub_title' => '', 'summary' => 'April 28: Three earthquakes occurred in Bajura district since last night. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 28: Three earthquakes occurred in Bajura district since last night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to National Earthquake Monitoring and Research Centre, Lainchaur, three separate quakes took place with their epicenter in Dahakot of Bajura district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Centre, the first quake of magnitude 4.9 in the Richter scale occurred at 11:58 pm and the second of magnitude 5.9 in the Richter scale happened at 1:30 in the night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the third quake of magnitude 3.9 jolted the district at 1:51 in the night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The details of the damages caused due to the quakes have not been received yet, it is stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, a quake had occurred with its epicenter at Jugada area of the district on April 17. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The western belt of the country has witnessed increased number of earthquakes in the recent days. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17429', 'image' => '20230428104459_bajura.jpg', 'article_date' => '2023-04-28 10:44:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17694', 'article_category_id' => '218', 'title' => 'Dinesh Thakali Appointed CEO of Kamana Sewa Bikas Bank for Four-Year Term', 'sub_title' => '', 'summary' => 'Kamana Sewa Bikas Bank has announced the appointment of Dinesh Thakali as its new Chief Executive Officer (CEO), effective from May 28, 2023. Thakali's appointment was made by the bank's Board of Directors during a meeting held on Wednesday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">April 28: Kamana Sewa Bikas Bank has announced the appointment of Dinesh Thakali as its new Chief Executive Officer (CEO), effective from May 28, 2023. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali's appointment was made by the bank's Board of Directors during a meeting held on Wednesday.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali is a highly experienced banking professional with a proven track record of leading successful financial institutions. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Prior to his new role, he served as Deputy General Manager at Prabhu Bank Limited for two years before working as Managing Director at Prabhu Capital for an additional two years. He also served as the Chief Executive Officer at Shangrila Development Bank.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali is a chartered accountant with extensive knowledge of banking and capital markets, as well as experience in managing bank loans and deposit marketing.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali holds a Master's degree in Management and a Bachelor's degree in Law from Tribhuvan University. He has also completed courses on banking and management from institutions such as the World Bank, AIT Thailand, and the London School of Economics.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali's appointment as CEO of Kamana Sewa Bikas Bank is for a four-year term, during which he will be responsible for leading the bank's growth and expansion strategies. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">The bank's Board of Directors expressed confidence in Thakali's ability to drive the bank's success and deliver value to its customers and stakeholders.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17428', 'image' => '20230428065908_collage (1).jpg', 'article_date' => '2023-04-28 06:55:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '17693', 'article_category_id' => '1', 'title' => 'Bajura District Struck by Two Earthquakes in Rapid Succession', 'sub_title' => '', 'summary' => 'Two earthquakes hit Bajura District in Nepal within a span of just one and a half hours in the late hours of Thursday night. The first quake, measuring 4.9 on the Richter scale, struck the district at 11:58 pm on Thursday, followed by a second, more powerful tremor of 5.9 magnitude at 1:30 am on Friday.', 'content' => '<p> </p> <p><span style="font-size:18px"> April 28: Two earthquakes hit Bajura District in Nepal within a span of just one and a half hours in the late hours of Thursday night. </span></p> <p><span style="font-size:18px">The first quake, measuring 4.9 on the Richter scale, struck the district at 11:58 pm on Thursday, followed by a second, more powerful tremor of 5.9 magnitude at 1:30 am on Friday.</span></p> <p><span style="font-size:18px">The epicenter of both earthquakes was located in Dahakot, Bajura, according to Rajesh Sharma, a technical assistant at the Surkhet Earthquake Measurement Center. The quakes caused panic among local residents, who rushed out of their homes to escape the shaking.</span></p> <p><span style="font-size:18px">The impact of the earthquakes was also felt in neighboring districts of Bajura, although there have been no immediate reports of damage or casualties. </span></p> <p><span style="font-size:18px">The local authorities are currently assessing the situation and gathering information about the possible damage caused by the quakes.</span></p> <p><span style="font-size:18px">"We are working to collect details about the possible damage by the earthquakes," said a spokesperson for the District Police Office in Bajura. </span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17427', 'image' => '20230428063231_collage.jpg', 'article_date' => '2023-04-28 06:27:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '17692', 'article_category_id' => '1', 'title' => 'Both NEPSE Index and Turnover Amount Fall; Investors Attracted Towards Banking and Hotel and Tourism', 'sub_title' => '', 'summary' => 'The NEPSE index dropped along with turnover amount on Thursday, the last trading day of the week. The NEPSE Index shed 2.27 points or 0.12% and settled at 1889.73 points on Thursday. The index lost 13.68 points on Wednesday. ', 'content' => '<p><span style="font-size:18px">April 27: The NEPSE index dropped along with turnover amount on Thursday, the last trading day of the week. The NEPSE Index shed 2.27 points or 0.12% and settled at 1889.73 points on Thursday. The index lost 13.68 points on Wednesday. </span></p> <p><span style="font-size:18px">A total of 269 scrips traded hands via 21,851 transactions. A total of 2,174,914 shares exchanged hands, worth Rs 73.96 crores in turnover amount. This is lower than the last trading day's turnover of Rs. 84.7 crores.</span></p> <p><span style="font-size:18px">The fall in turnover amount shows sellers not willing to sell at the current prices and buyers reluctant to make purchases.</span></p> <p><span style="font-size:18px">Everest Bank Limited (EBL) had the highest turnover of Rs. 3.76 crores closing at a market price of Rs. 539 per share. The shares of HDHPC traded the most.</span></p> <p><span style="font-size:18px">Citizens Mutual Fund 2 (CMF2) gained the highest 5.85% for the day. On the contrary, NIBL Growth Fund (NIBLGF) lost 10% on Thursday. </span></p> <p><span style="font-size:18px">Only two sector indices settled in the green zone. "Manufacturing and processing" lost the highest 1.28%, while "Hotel and Tourism" gained the highest 1.83% today.<br /> The Sensitive Index declined by 0.13%, while Float index and the Sensitive float index fell by 0.7% and 0.1% respectively on the last trading day. </span><br /> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17426', 'image' => '20230427045345_collage (7).jpg', 'article_date' => '2023-04-27 16:50:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '17691', 'article_category_id' => '1', 'title' => 'FM Mahat Directs Customs Employees to Work with Honesty', 'sub_title' => '', 'summary' => 'Finance Minister Dr Prakash Sharan Mahat has directed the customs employees to work honestly and transparently. ', 'content' => '<p><br /> <span style="font-size:18px">April 27: Finance Minister Dr Prakash Sharan Mahat has directed the customs employees to work honestly and transparently. </span></p> <p><span style="font-size:18px">After inspecting Biratnagar Customs Office on Thursday, Finance Minister Mahat said, "You are in sensitive service like revenue collection of the state. No one has rights to misuse their responsibilities or carry out illegal activities”. </span></p> <p><span style="font-size:18px">Clarifying that the government would not excuse the trend of customs leakage, Minister Mahat expressed confidence that customs officials would do better in the coming days for revenue collection. </span></p> <p><span style="font-size:18px">Mahat said that the evaluation of the employees would be done on the basis of their performance.The Finance Minister opined that he had expected a significant increment in the recovery of customs with the end of current fiscal year. </span></p> <p><span style="font-size:18px">Mahat also asked authorities concerned not to put taxpayers in unnecessary trouble in the name of increasing revenue.</span></p> <p><span style="font-size:18px">Finance Minister Mahat called the customs employees to work with transparency and build easy and conducive environment for service recipients. “Our job is to deliver services in a hassle-free and convenient manner,” Mahat held. --RSS</span><br /> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17425', 'image' => '20230427040330_collage (6).jpg', 'article_date' => '2023-04-27 16:01:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17690', 'article_category_id' => '1', 'title' => 'Lack of Budget affects Import of Fertilizers under G2G Initiative', 'sub_title' => '', 'summary' => 'April 27: The government has allocated a budget of Rs 38.5 billion to import chemical fertilizers for the current fiscal year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">April 27: The government has allocated a budget of Rs 38.5 billion to import chemical fertilizers for the current fiscal year. Because the budget is not released on time, there has been a problem with the import of fertilizer that is supposed to be bought from India through the G2G process.</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"">So far, the government has been able to import only 30,000 metric tons of urea through the G2G process. However, according to the agreement with the Indian Government, Nepal should have brought 100,000 metric tons of urea and 50,000 metric tons of DAP. However, the Ministry of Agriculture and Livestock Development has informed that due to the untimely release of the budget, fertilizers could not be brought as per the agreement.</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 a senior official of the ministry, out of the Rs 38.5 billion allocated for the purchase of fertilizers in the current year, the ministry has received only Rs 22 billion. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">When the fertilizer is brought through the tender process, payment is made only after the fertilizer arrives at the customs, said the official, adding that the government has to pay in advance to import fertilizer through the G2G process.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He also said that to prevent the situation of not being able to import fertilizer on time, the ministry has already started to allocate a sufficient amount for fertilizer in the upcoming budget.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">If this happens, funds will be allocated in the regular budget for about 550000 metric tons of fertilizer required in Nepal.</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"">To reduce the problem of fertilizer shortage in the country, Nepal signed a G2G agreement with the Indian government on February 16, 2023. According to the agreement, Nepal has to bring 565,000 metric tons of urea and 370,000 tons of DAP fertilizer from India in five years. </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 state-owned Agricultural Inputs Company Limited has got the responsibility of buying and importing fertilizers under the G2G process. </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"">Bishnu Pokharel, the business managing director of the company, informed that budget allocation is the main problem for the delay in bringing the fertilizers under the G2G initiative.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to him, at the initial stage, the process was delayed due to disagreements on issues such as the price and transportation cost. Later, there was a shortage of funds after the price of fertilizers increased tremendously in the international market. Even now, due to the lack of funds, there is a problem in supplying the fertilizer.</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"">Currently, the Agricultural Inputs Company has a stock of 37,000 metric tons of urea and 19,000 metric tons of DAP. Likewise, the Salt Trading Corporation also has 24,000 tons of fertilizers including urea and DAP.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17424', 'image' => '20230427030620_Fertilizer.jpg', 'article_date' => '2023-04-27 15:05:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17688', 'article_category_id' => '1', 'title' => 'NEA Charging Premium Tariff Even After the End of Load Shedding', 'sub_title' => '', 'summary' => 'April 27: The industrialists of Bara-Parsa have complained that the Nepal Electricity Authority (NEA) has been imposing the premium tariff even on the industries that have not subscribed a dedicated line and those industries established after the end of load-shedding.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 27: The industrialists of Bara-Parsa have complained that the Nepal Electricity Authority (NEA) has been imposing the premium tariff even on the industries that have not subscribed a dedicated line and those industries established after the end of load-shedding.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industrialists met Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet and said that they have had to bear the burden of the authority's procedural. The delegation of Birgunj Chamber of Commerce and Industry met the energy minister and complained that the authority has done injustice to the industrialists.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Two years after the end of load shedding, the Electricity Regulatory Commission canceled the dedicated and trunk lines and fixed the normal tariff rate in June 2020. The electricity tariff during these two years is disputed. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industries that did not demand dedicated line even during the load-shedding period have been insisting that they will not pay the premium tariff.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“It is all right if the NEA seeks premium from the industries that demanded a dedicated line but it is unfair to impose the same rate to those who did not place such demand,” said one of the industrialists.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industrialists made it clear that they will not pay the dedicated tariff which they have not demanded. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Madhav Rajpal, the vice president of the chamber said, “Along with the end of load shedding, the regulation of NEA should also be revised. On the contrary, it imposed an expensive tariff of up to 65 percent of the normal rate to customers. The arrears shown in the name of customers who did not demand for the dedicated line should be waived.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industrialists say that it is unfair to try to collect premium charges from customers who have subscribed for the service after the end of the load shedding period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the meeting with industrialists, Minister Basnet said that he is aware of this dispute between the authority and the industrialists. Rajpal said that Minister Basnet assured to take initiative to solve the problem.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The NEA had officially announced the end of load shedding in the industrial sector from 15 May 2018. Rajpal said that the authority has not amended the Electricity Tariff Collection Regulations 2073 and since then, there has been a problem with tariff.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17422', 'image' => '20230427021015_1682555237.lod.jpeg', 'article_date' => '2023-04-27 14:08:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17685', 'article_category_id' => '1', 'title' => 'Half of Insurance Agents Fail to Renew License', 'sub_title' => '', 'summary' => 'April 27: Nepal Insurance Authority (NIA) has stated that only 116,638 insurance agents have renewed their license by mid-April this year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 27: Nepal Insurance Authority (NIA) has stated that only 116,638 insurance agents have renewed their license by mid-April this year. This is just 52.58 percent of the total agents who have to renew their licenses.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the latest data received from the authority, the number of insurance agents in Nepal is 264,526, including 42,711 new agents who do not need to renew their license immediately. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As per the provisions of the Insurance Act 2079 issued on November 8, new agents must renew their license every three years. In the case of agents who have already taken the license before November 8, they should renew it by mid-April according to the provisions of the Insurance Act 2049. As per the authority, the number of licensed agents before the implementation of the Insurance Act 2079 is 221,815.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nanda Prasad Tiwari, president of the Nepal Insurance Professional’s Society says that most of the agents do not know that they have to renew the license online. In addition, when trying to renew the license, the authority's server is often down, so agents who want to renew online are also not able to renew on time.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In Tiwari's estimation, the current economic recession has also had an indirect effect on the renewal of agents’ license. He says, “Since the business is at a standstill, most of the agents are not willing to renew. In addition to that, some agents have received the license and are not even working as an agent.” </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of the authority, said that with the implementation of the one agent, one insurance company policy, the number of agents renewing their licenses has decreased.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Regarding the agents’ complaint that there are problems with the authority's server, the officer says that 'problems appear sometimes due to the new technology'. However, he mentioned that after noticing such problems, the authority has also made necessary improvements in the system.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the official, agents who have not renewed their license by mid-April will be able to renew it by paying an extra charge of Rs 100 by mid-June. Those who have not renewed within that period as will be able to renew by paying an additional fee of Rs 5 per day by mid-October. Licenses that are not renewed by mid-October will automatically be cancelled.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17419', 'image' => '20230427125458_Insurance.jpg', 'article_date' => '2023-04-27 12:54:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17683', 'article_category_id' => '1', 'title' => 'Good Migration Policy Can Help Ensure Prosperity: World Bank', 'sub_title' => '', 'summary' => 'April 27: A new report from the World Bank has shown that many countries are becoming increasingly dependent on migration to attain their long-term development potential as the population around the world is growing at an unprecedented rate.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 27: A new report from the World Bank has shown that many countries are becoming increasingly dependent on migration to attain their long-term development potential as the population around the world is growing at an unprecedented rate.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The World Development Report 2023: Migrants, Refugees and Societies identifies this trend as a unique opportunity to make migration work better for economies and people.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the report, rich and increasingly middle-income countries, which in the past were the main sources of migrant workers, are facing issues of shrinking populations and intensifying global competition for workers and talent. At the same time, very low-income countries are expected to experience rapid population growth, which will put pressure on them to create more jobs for their young population. According to a study conducted by the World Bank, there is a danger that a good immigration policy of a developed country may lead to a shortage of labor force due to emigration and migration in underdeveloped countries. The report notes that the share of working-age adults in many countries will decline sharply over the next decade.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">World Bank Senior Managing Director Axel van Trotsenberg said, “Migration can be a powerful force for prosperity and development. If managed well, it benefits all sources and destinations of workers.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Apart from demographic change, the factors of migration are also changing, which is making cross-border movement more diverse and complex. Now the identification of source and destination countries has spread to all income levels. Many countries like Mexico, Nigeria, the UK are both sending and receiving immigrants. The report also mentions that the number of refugees has almost tripled in the last decade. The report mentions that climate change threatens to promote further migration. Until now, climate-induced migration has been limited only within countries, but 40 percent of the world's populations (3.4 billion people) live in areas with high impacts of climate change.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Current approaches not only fail to maximize the potential development benefits of migration, but also cause great suffering to the people in crisis. The report states, “About 2.5 percent of the world's population, i.e. 104 million people (including 37 million refugees) are now outside their countries. The largest share of these people (43 percent) is found to be in developing countries.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to Indermeet Gill, World Bank Group Chief Economist and Vice President of Development Economics, the report offers a simple and powerful framework to help shape migration and refugee policy. He said, “This tells us that such policies can be made unilaterally by the destination country and if they are made multilaterally by the countries of destination, transit and origin, it can be considered as a multinational responsibility.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The report emphasized that countries of origin should make labor migration a clear part of their development strategies. The report points out that they should reduce remittance costs, facilitate the transfer of knowledge from their diaspora, and build skills that are in high demand globally. By doing so, their citizens will get good jobs when they go to other countries and the adverse effects of brain drain can be minimized, their citizens who are abroad can be protected and they can be supported when they return. The report also emphasized the need for better management of migration.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17418', 'image' => '20230427120430_wb migration.jpg', 'article_date' => '2023-04-27 12:03:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17684', 'article_category_id' => '1', 'title' => 'Samsung Sets up Television Factory in Nawalparasi', 'sub_title' => '', 'summary' => 'April 27: South Korean electronics giant Samsung has set up a television factory in Nawalparasi in collaboration with Him Electronics.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">April 27: South Korean electronics giant Samsung has set up a television factory in Nawalparasi in collaboration with Him Electronics.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The company claimed that this is the first time a multinational company has set up an electronics manufacturing facility in Nepal and it will have a major impact on the local economy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The television factory was jointly inaugurated by Minister for Industry, Commerce and Supplies Ramesh Rijal and Samsung’s South-West Asia President and Chief Executive Officer JB Park. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The opening ceremony was attended by Shekhar Golcha, president of Golcha Group, Park Chong Suk, South Korean ambassador to Nepal, Sung Joon Park, head of Samsung Electronics Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At the opening ceremony, President and CEO of Samsung South-West Asia Park said that the new television industry will strengthen the relationship with Nepal. He said that the industry will provide employment opportunities to the locals.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"This new television factory with our partners Him Electronics will further deepen our bond with Nepal and underline the work we are doing to strengthen the local industry and provide employment opportunities to people here. It will also facilitate the development of skilled manpower. We thank the Nepal Government and local authorities for their strong vision and continued support," Psrk said in a statement issued by the company.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Samsung has been present in Nepal for over two decades and this new television plant is a reflection of the company's special interest in the country, added the statement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The manufacturing facility will also help create a better electronics manufacturing ecosystem in Nepal.”</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17417', 'image' => '20230427125341_1682558666.collage (4).jpg', 'article_date' => '2023-04-27 12:52:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 28: A plane of Nepal Airlines Corporation (NAC) made a successful test flight at Gulmi-based Resunga Airport at 7:39 am on Friday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC plane with call sign 9N-ABT departed from Tribhuvan International Airport (TIA), Kathmandu, and landed at Resunga Airport located at Simichaur of Resunga Municipality-10 in Gulmi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC conducted the test flight as a preparation to launch commercial flights as per the agreement reached between the NAC and the municipality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson for the Nepal Airlines Operators Association, Yograj Kandel, said that plans are afoot for the commercial flights after the successful test flight. He said that the NAC will begin commercial flight after carrying out an assessment from a technical team. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Kandel, the travel fare and the number of passenger in a flight would be determined after the study.</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"">"The air fare could be around Rs 6,000 per person for Resunga-Kathmandu flight," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Captain Manish Bista of NAC said that regular flights would be conducted after submitting the flight report to the Civil Aviation Authority of Nepal (CAAN) within a week. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The construction of the airport was completed some months ago 16 years after othe commencement of the work. Built with an investment of Rs 330 million, the airport's runway is 520 metres long and 20 metres wide. Located at an elevation of 1,526 metres above the sea level, the airport is spread over 156 ropanis of land. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After the successful test flight, Mayor of Resunga Municipality Khildhowj Panthi expressed his happiness stating that the dream of the locals to travel to Kathmandu by plane is being materialised soon. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17434', 'image' => '20230428123538_nac twin.jpg', 'article_date' => '2023-04-28 12:35:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17698', 'article_category_id' => '1', 'title' => 'Economy Returning Back on Track: NRB Governor', 'sub_title' => '', 'summary' => 'April 28: Governor of Nepal Rastra Bank (NRB) Mahaprasad Adhikari has claimed that the economy is gradually returning to its rhythm.', '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"">April 28: Governor of Nepal Rastra Bank (NRB) Mahaprasad Adhikari has claimed that the economy is gradually returning to its rhythm. Adhikari said that the interest rates of the banks have started to decrease with the decline in the external pressure on the economy, and this in turn will gradually improve the economic activities in the domestic market.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Speaking at a program organized on the occasion of the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">68</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">th anniversary of NRB on Thursday, Governor Adhikari said that the liquidity situation of the banking system is improving along with the ease in the external sector. He claimed that domestic economic activities have also started to improve as banks and financial institutions have started reducing the interest rates. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Although the liquidity management has become easier with the improvement in the external sector of the economy, the pressure on inflation due to international reasons is still there," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Governor Adhikari said that due to the efforts of the central bank and the Government of Nepal, the pressure of the external sector on the economy has decreased. He said that the government had banned the import of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> luxury items and the situation has improved since October when the central bank implemented the provision of cash margin for the import of various items. He added that the interest rates of the banks are going to decline due the improvement in the foreign currency reserves. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Governor Adhikari said that the improvement in foreign exchange reserves has resulted in an increase in the liquidity situation of the banking system and this is also reducing the interest rate. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"The pressure on interest rates has started to decrease due to the improvement in liquidity," he said, adding, "Banks and financial institutions have also started reducing interest rates on deposits and loans." </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The governor claimed that the financial sector is safe even though the banks have been under pressure in recent times due to bad loans. He mentioned that Nepal's banks and financial institutions are in a strong state in terms of indicators such as bad loans of banks, loan recovery situation among others.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17433', 'image' => '20230428114755_1682646962.jpg', 'article_date' => '2023-04-28 11:47:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17699', 'article_category_id' => '1', 'title' => 'Kathmandu Statement on Nutrition-Secure South Asia', 'sub_title' => 'Nepal hosts SAPLING’s Regional Dialogue on Resilient Agri-Food System in South Asia', 'summary' => 'April 28: Stakeholders this week announced the Kathmandu Statement to nurture resilient food systems with a commitment for a nutrition-secure South Asia.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">April 28: Stakeholders this week announced the Kathmandu Statement to nurture resilient food systems with a commitment for a nutrition-secure South Asia.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The announcement was made during the the second dialogue event organised in Kathmandu by the South Asian Policy Leadership for Improved Nutrition and Growth (SAPLING) on improving agri-food systems. According to a statement issued by the organisers, the event was held on April 24 and 25.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The SAPLING initiative was launched in 2019 with the aim to drive a ‘food systems approach’ to combat malnutrition in South Asia in alignment with the Sustainable Development Goals (SDGs) of the United Nations. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">This week’s event saw the participation of over 60 delegates from SAPLING member countries - Nepal, Bangladesh, Sri Lanka, India and Bhutan.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The event was co-hosted by the National Planning Commission (NPC)of Nepal, BRAC Bangladesh - the current SAPLING Secretariat, IPE Global Limited, an Indian development sector think-tank, and the Institute for Integrated Development Studies (IIDS), Nepal, a not-for-profit think-tank headquartered in Kathmandu. SAPLING is supported by the Bill and Melinda Gates Foundation.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">According to the organisers, the first day of the event focussed on setting the context. Siddharth Chaturvedi, senior programme officer of the Bill & Melinda Gates Foundation spoke on the need for and importance of having a regional platform for consensus building among various stakeholders for mainstreaming evidence-based policy, action and leadership to combat malnutrition in line with policymakers' needs and priorities through an agri-food system lens. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">Kewal Prasad Bhandari, secretary of the National Planning Commission acknowledged the need for inter-government collaboration and also bringing together private sector partners and other relevant stakeholders. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The second day featured a policymakers' roundtable where high-level government dignitaries from Bangladesh, Sri Lanka, Bhutan and Nepal discussed the priorities, the agendas for regional collaboration for strengthening agri-food systems and the modalities for the same. There was a brainstorming session on the use of technologies for Climate Smart Agriculture and Post-Harvest Loss Reduction to steer regional collaboration, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">Panel discussions were also held on how to create an enabling environment to promote cross-border private sector investments, and on steering knowledge collaborations and learning among SAPLING countries.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial,"sans-serif"">The experts and government officials participating in the event endorsed the need for having an initiative like SAPLING which could act as an agile regional platform to foster inter-governmental collaboration and perform the role of a knowledge aggregator around the use of climate-smart technologies, reducing post-harvest losses, improving food safety to pollinate learnings from the member countries across the region. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17432', 'image' => '20230428120424_SAPLING Kathmandu Dialogue - Statement.jpeg', 'article_date' => '2023-04-28 12:02:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17697', 'article_category_id' => '1', 'title' => 'Air Routes to Feature in Nepal’s Agenda during PM’s India Visit', 'sub_title' => '', 'summary' => 'April 28: The government, during the prime minister’s state visit to India, is making preparations to sign an agreement with the southern neighbour to allow seamless operation of the digital wallets registered in the two countries.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">April 28: The government, during the prime minister’s state visit to India, is making preparations to sign an agreement with the southern neighbour to allow seamless operation of the digital wallets registered in the two countries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">During the upcoming visit of Prime Minister Pushpa Kamal Dahal, the Nepali delegation will also raise the issue of air routes for the international airports in Pokhara and Bhairahawa and the issue of the 136-kilometer long Kathmandu-Raxaul railway. The government is also preparing to sign an agreement to trade electricity.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal is preparing a proposal to request New Delhi to give Nepal an air route through Mahendranagar. A senior official of the Ministry of Foreign Affairs said that additional agenda is being discussed with other ministries and the draft will be finalized soon. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal will also seek an increase in financial assistance provided by India in order to reduce the financial crisis in the country. In recent years, India has been gradually cutting down the subsidies, and the finance ministry officials have decided to draw India’s attention towards it.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The political adviser to the prime minister Haribol Gajurel said that necessary homework is being done to raise economic and political issues during the visit. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The Ministry of Foreign Affairs is coordinating the matter and setting the agenda. Gajurel says that there is a strong possibility that the visit will take place within a fortnight.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A senior official of the Ministry of Foreign Affairs said that Foreign Minister NP Saud is making the necessary preparations for Dahal's visit within a fortnight considering the elections in India.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Former Nepalese Ambassador to India Deep Kumar Upadhyay says that economic issues should be raised with priority during the prime minister's visit. According to him, the trade deficit has increased considerably. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“There is a lot of talk about reducing the trade deficit. However, India has not paid attention to it,” said Upadhyaya adding that Nepal should take up the issue with vigor.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to former Ambassador Upadhyay, the issue of energy trade should also be raised during the upcoming high-level visit. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“Nepal has not been able to export electricity to other markets due to India's obstruction. It is necessary to show the will to raise such issues during the visit," he added.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Some of the earlier agreements with India have not yet been implemented, so experts suggest that those issues should be raised during the prime minister's visit.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In the fiscal year 2072-73, India had made a commitment to provide Rs 7.59 billion for the upgradation of roads in the Terai region. The amount committed by India has not been released yet. Even the financial assistance promised by India for the post-earthquake reconstruction has not yet come as per the commitment.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17431', 'image' => '20230428111844_1682642151.-Nepal-India-.jpg', 'article_date' => '2023-04-28 11:17:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17696', 'article_category_id' => '1', 'title' => 'Rain Coupled with Thunder likely Today ', 'sub_title' => '', 'summary' => 'April 28: Due to the impacts of the Westerly winds in the country, there is probability of partial to general rainfall in the hill areas of Koshi, Gandaki, Karnali and Sudurpaschim provinces today (Friday). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 28: Due to the impacts of the Westerly winds in the country, there is probability of partial to general rainfall in the hill areas of Koshi, Gandaki, Karnali and Sudurpaschim provinces today (Friday). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Weather Forecasting Division said that the weather will be mainly fair in rest of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Isolated brief rain or thundershowers is possible at a few places of the hill areas of Gandaki Province, Karnali Province and Sudur Pashchim Province and at one or two places of the hill regions of rest of the provinces, the division said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tonight, the weather will be partly cloudy in the hill areas and mainly fair to partly cloudy in the Tarai region. Isolated brief rain or thundershowers is possible at one or two places of hill regions of Koshi Province and Gandaki Province tonight. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17430', 'image' => '20230428111749_rainfallll.jpg', 'article_date' => '2023-04-28 11:17:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17695', 'article_category_id' => '1', 'title' => 'Three Earthquakes Jolt Bajura', 'sub_title' => '', 'summary' => 'April 28: Three earthquakes occurred in Bajura district since last night. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 28: Three earthquakes occurred in Bajura district since last night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to National Earthquake Monitoring and Research Centre, Lainchaur, three separate quakes took place with their epicenter in Dahakot of Bajura district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Centre, the first quake of magnitude 4.9 in the Richter scale occurred at 11:58 pm and the second of magnitude 5.9 in the Richter scale happened at 1:30 in the night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the third quake of magnitude 3.9 jolted the district at 1:51 in the night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The details of the damages caused due to the quakes have not been received yet, it is stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, a quake had occurred with its epicenter at Jugada area of the district on April 17. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The western belt of the country has witnessed increased number of earthquakes in the recent days. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17429', 'image' => '20230428104459_bajura.jpg', 'article_date' => '2023-04-28 10:44:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17694', 'article_category_id' => '218', 'title' => 'Dinesh Thakali Appointed CEO of Kamana Sewa Bikas Bank for Four-Year Term', 'sub_title' => '', 'summary' => 'Kamana Sewa Bikas Bank has announced the appointment of Dinesh Thakali as its new Chief Executive Officer (CEO), effective from May 28, 2023. Thakali's appointment was made by the bank's Board of Directors during a meeting held on Wednesday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">April 28: Kamana Sewa Bikas Bank has announced the appointment of Dinesh Thakali as its new Chief Executive Officer (CEO), effective from May 28, 2023. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali's appointment was made by the bank's Board of Directors during a meeting held on Wednesday.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali is a highly experienced banking professional with a proven track record of leading successful financial institutions. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Prior to his new role, he served as Deputy General Manager at Prabhu Bank Limited for two years before working as Managing Director at Prabhu Capital for an additional two years. He also served as the Chief Executive Officer at Shangrila Development Bank.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali is a chartered accountant with extensive knowledge of banking and capital markets, as well as experience in managing bank loans and deposit marketing.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali holds a Master's degree in Management and a Bachelor's degree in Law from Tribhuvan University. He has also completed courses on banking and management from institutions such as the World Bank, AIT Thailand, and the London School of Economics.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">Thakali's appointment as CEO of Kamana Sewa Bikas Bank is for a four-year term, during which he will be responsible for leading the bank's growth and expansion strategies. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt">The bank's Board of Directors expressed confidence in Thakali's ability to drive the bank's success and deliver value to its customers and stakeholders.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17428', 'image' => '20230428065908_collage (1).jpg', 'article_date' => '2023-04-28 06:55:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '17693', 'article_category_id' => '1', 'title' => 'Bajura District Struck by Two Earthquakes in Rapid Succession', 'sub_title' => '', 'summary' => 'Two earthquakes hit Bajura District in Nepal within a span of just one and a half hours in the late hours of Thursday night. The first quake, measuring 4.9 on the Richter scale, struck the district at 11:58 pm on Thursday, followed by a second, more powerful tremor of 5.9 magnitude at 1:30 am on Friday.', 'content' => '<p> </p> <p><span style="font-size:18px"> April 28: Two earthquakes hit Bajura District in Nepal within a span of just one and a half hours in the late hours of Thursday night. </span></p> <p><span style="font-size:18px">The first quake, measuring 4.9 on the Richter scale, struck the district at 11:58 pm on Thursday, followed by a second, more powerful tremor of 5.9 magnitude at 1:30 am on Friday.</span></p> <p><span style="font-size:18px">The epicenter of both earthquakes was located in Dahakot, Bajura, according to Rajesh Sharma, a technical assistant at the Surkhet Earthquake Measurement Center. The quakes caused panic among local residents, who rushed out of their homes to escape the shaking.</span></p> <p><span style="font-size:18px">The impact of the earthquakes was also felt in neighboring districts of Bajura, although there have been no immediate reports of damage or casualties. </span></p> <p><span style="font-size:18px">The local authorities are currently assessing the situation and gathering information about the possible damage caused by the quakes.</span></p> <p><span style="font-size:18px">"We are working to collect details about the possible damage by the earthquakes," said a spokesperson for the District Police Office in Bajura. </span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-28', 'modified' => '2023-04-28', 'keywords' => '', 'description' => '', 'sortorder' => '17427', 'image' => '20230428063231_collage.jpg', 'article_date' => '2023-04-28 06:27:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '17692', 'article_category_id' => '1', 'title' => 'Both NEPSE Index and Turnover Amount Fall; Investors Attracted Towards Banking and Hotel and Tourism', 'sub_title' => '', 'summary' => 'The NEPSE index dropped along with turnover amount on Thursday, the last trading day of the week. The NEPSE Index shed 2.27 points or 0.12% and settled at 1889.73 points on Thursday. The index lost 13.68 points on Wednesday. ', 'content' => '<p><span style="font-size:18px">April 27: The NEPSE index dropped along with turnover amount on Thursday, the last trading day of the week. The NEPSE Index shed 2.27 points or 0.12% and settled at 1889.73 points on Thursday. The index lost 13.68 points on Wednesday. </span></p> <p><span style="font-size:18px">A total of 269 scrips traded hands via 21,851 transactions. A total of 2,174,914 shares exchanged hands, worth Rs 73.96 crores in turnover amount. This is lower than the last trading day's turnover of Rs. 84.7 crores.</span></p> <p><span style="font-size:18px">The fall in turnover amount shows sellers not willing to sell at the current prices and buyers reluctant to make purchases.</span></p> <p><span style="font-size:18px">Everest Bank Limited (EBL) had the highest turnover of Rs. 3.76 crores closing at a market price of Rs. 539 per share. The shares of HDHPC traded the most.</span></p> <p><span style="font-size:18px">Citizens Mutual Fund 2 (CMF2) gained the highest 5.85% for the day. On the contrary, NIBL Growth Fund (NIBLGF) lost 10% on Thursday. </span></p> <p><span style="font-size:18px">Only two sector indices settled in the green zone. "Manufacturing and processing" lost the highest 1.28%, while "Hotel and Tourism" gained the highest 1.83% today.<br /> The Sensitive Index declined by 0.13%, while Float index and the Sensitive float index fell by 0.7% and 0.1% respectively on the last trading day. </span><br /> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17426', 'image' => '20230427045345_collage (7).jpg', 'article_date' => '2023-04-27 16:50:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '17691', 'article_category_id' => '1', 'title' => 'FM Mahat Directs Customs Employees to Work with Honesty', 'sub_title' => '', 'summary' => 'Finance Minister Dr Prakash Sharan Mahat has directed the customs employees to work honestly and transparently. ', 'content' => '<p><br /> <span style="font-size:18px">April 27: Finance Minister Dr Prakash Sharan Mahat has directed the customs employees to work honestly and transparently. </span></p> <p><span style="font-size:18px">After inspecting Biratnagar Customs Office on Thursday, Finance Minister Mahat said, "You are in sensitive service like revenue collection of the state. No one has rights to misuse their responsibilities or carry out illegal activities”. </span></p> <p><span style="font-size:18px">Clarifying that the government would not excuse the trend of customs leakage, Minister Mahat expressed confidence that customs officials would do better in the coming days for revenue collection. </span></p> <p><span style="font-size:18px">Mahat said that the evaluation of the employees would be done on the basis of their performance.The Finance Minister opined that he had expected a significant increment in the recovery of customs with the end of current fiscal year. </span></p> <p><span style="font-size:18px">Mahat also asked authorities concerned not to put taxpayers in unnecessary trouble in the name of increasing revenue.</span></p> <p><span style="font-size:18px">Finance Minister Mahat called the customs employees to work with transparency and build easy and conducive environment for service recipients. “Our job is to deliver services in a hassle-free and convenient manner,” Mahat held. --RSS</span><br /> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17425', 'image' => '20230427040330_collage (6).jpg', 'article_date' => '2023-04-27 16:01:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17690', 'article_category_id' => '1', 'title' => 'Lack of Budget affects Import of Fertilizers under G2G Initiative', 'sub_title' => '', 'summary' => 'April 27: The government has allocated a budget of Rs 38.5 billion to import chemical fertilizers for the current fiscal year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">April 27: The government has allocated a budget of Rs 38.5 billion to import chemical fertilizers for the current fiscal year. Because the budget is not released on time, there has been a problem with the import of fertilizer that is supposed to be bought from India through the G2G process.</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"">So far, the government has been able to import only 30,000 metric tons of urea through the G2G process. However, according to the agreement with the Indian Government, Nepal should have brought 100,000 metric tons of urea and 50,000 metric tons of DAP. However, the Ministry of Agriculture and Livestock Development has informed that due to the untimely release of the budget, fertilizers could not be brought as per the agreement.</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 a senior official of the ministry, out of the Rs 38.5 billion allocated for the purchase of fertilizers in the current year, the ministry has received only Rs 22 billion. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">When the fertilizer is brought through the tender process, payment is made only after the fertilizer arrives at the customs, said the official, adding that the government has to pay in advance to import fertilizer through the G2G process.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He also said that to prevent the situation of not being able to import fertilizer on time, the ministry has already started to allocate a sufficient amount for fertilizer in the upcoming budget.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">If this happens, funds will be allocated in the regular budget for about 550000 metric tons of fertilizer required in Nepal.</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"">To reduce the problem of fertilizer shortage in the country, Nepal signed a G2G agreement with the Indian government on February 16, 2023. According to the agreement, Nepal has to bring 565,000 metric tons of urea and 370,000 tons of DAP fertilizer from India in five years. </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 state-owned Agricultural Inputs Company Limited has got the responsibility of buying and importing fertilizers under the G2G process. </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"">Bishnu Pokharel, the business managing director of the company, informed that budget allocation is the main problem for the delay in bringing the fertilizers under the G2G initiative.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to him, at the initial stage, the process was delayed due to disagreements on issues such as the price and transportation cost. Later, there was a shortage of funds after the price of fertilizers increased tremendously in the international market. Even now, due to the lack of funds, there is a problem in supplying the fertilizer.</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"">Currently, the Agricultural Inputs Company has a stock of 37,000 metric tons of urea and 19,000 metric tons of DAP. Likewise, the Salt Trading Corporation also has 24,000 tons of fertilizers including urea and DAP.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17424', 'image' => '20230427030620_Fertilizer.jpg', 'article_date' => '2023-04-27 15:05:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17688', 'article_category_id' => '1', 'title' => 'NEA Charging Premium Tariff Even After the End of Load Shedding', 'sub_title' => '', 'summary' => 'April 27: The industrialists of Bara-Parsa have complained that the Nepal Electricity Authority (NEA) has been imposing the premium tariff even on the industries that have not subscribed a dedicated line and those industries established after the end of load-shedding.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 27: The industrialists of Bara-Parsa have complained that the Nepal Electricity Authority (NEA) has been imposing the premium tariff even on the industries that have not subscribed a dedicated line and those industries established after the end of load-shedding.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industrialists met Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet and said that they have had to bear the burden of the authority's procedural. The delegation of Birgunj Chamber of Commerce and Industry met the energy minister and complained that the authority has done injustice to the industrialists.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Two years after the end of load shedding, the Electricity Regulatory Commission canceled the dedicated and trunk lines and fixed the normal tariff rate in June 2020. The electricity tariff during these two years is disputed. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industries that did not demand dedicated line even during the load-shedding period have been insisting that they will not pay the premium tariff.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“It is all right if the NEA seeks premium from the industries that demanded a dedicated line but it is unfair to impose the same rate to those who did not place such demand,” said one of the industrialists.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industrialists made it clear that they will not pay the dedicated tariff which they have not demanded. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Madhav Rajpal, the vice president of the chamber said, “Along with the end of load shedding, the regulation of NEA should also be revised. On the contrary, it imposed an expensive tariff of up to 65 percent of the normal rate to customers. The arrears shown in the name of customers who did not demand for the dedicated line should be waived.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industrialists say that it is unfair to try to collect premium charges from customers who have subscribed for the service after the end of the load shedding period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the meeting with industrialists, Minister Basnet said that he is aware of this dispute between the authority and the industrialists. Rajpal said that Minister Basnet assured to take initiative to solve the problem.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The NEA had officially announced the end of load shedding in the industrial sector from 15 May 2018. Rajpal said that the authority has not amended the Electricity Tariff Collection Regulations 2073 and since then, there has been a problem with tariff.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17422', 'image' => '20230427021015_1682555237.lod.jpeg', 'article_date' => '2023-04-27 14:08:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17685', 'article_category_id' => '1', 'title' => 'Half of Insurance Agents Fail to Renew License', 'sub_title' => '', 'summary' => 'April 27: Nepal Insurance Authority (NIA) has stated that only 116,638 insurance agents have renewed their license by mid-April this year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 27: Nepal Insurance Authority (NIA) has stated that only 116,638 insurance agents have renewed their license by mid-April this year. This is just 52.58 percent of the total agents who have to renew their licenses.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the latest data received from the authority, the number of insurance agents in Nepal is 264,526, including 42,711 new agents who do not need to renew their license immediately. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As per the provisions of the Insurance Act 2079 issued on November 8, new agents must renew their license every three years. In the case of agents who have already taken the license before November 8, they should renew it by mid-April according to the provisions of the Insurance Act 2049. As per the authority, the number of licensed agents before the implementation of the Insurance Act 2079 is 221,815.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nanda Prasad Tiwari, president of the Nepal Insurance Professional’s Society says that most of the agents do not know that they have to renew the license online. In addition, when trying to renew the license, the authority's server is often down, so agents who want to renew online are also not able to renew on time.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In Tiwari's estimation, the current economic recession has also had an indirect effect on the renewal of agents’ license. He says, “Since the business is at a standstill, most of the agents are not willing to renew. In addition to that, some agents have received the license and are not even working as an agent.” </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of the authority, said that with the implementation of the one agent, one insurance company policy, the number of agents renewing their licenses has decreased.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Regarding the agents’ complaint that there are problems with the authority's server, the officer says that 'problems appear sometimes due to the new technology'. However, he mentioned that after noticing such problems, the authority has also made necessary improvements in the system.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the official, agents who have not renewed their license by mid-April will be able to renew it by paying an extra charge of Rs 100 by mid-June. Those who have not renewed within that period as will be able to renew by paying an additional fee of Rs 5 per day by mid-October. Licenses that are not renewed by mid-October will automatically be cancelled.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17419', 'image' => '20230427125458_Insurance.jpg', 'article_date' => '2023-04-27 12:54:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17683', 'article_category_id' => '1', 'title' => 'Good Migration Policy Can Help Ensure Prosperity: World Bank', 'sub_title' => '', 'summary' => 'April 27: A new report from the World Bank has shown that many countries are becoming increasingly dependent on migration to attain their long-term development potential as the population around the world is growing at an unprecedented rate.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 27: A new report from the World Bank has shown that many countries are becoming increasingly dependent on migration to attain their long-term development potential as the population around the world is growing at an unprecedented rate.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The World Development Report 2023: Migrants, Refugees and Societies identifies this trend as a unique opportunity to make migration work better for economies and people.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the report, rich and increasingly middle-income countries, which in the past were the main sources of migrant workers, are facing issues of shrinking populations and intensifying global competition for workers and talent. At the same time, very low-income countries are expected to experience rapid population growth, which will put pressure on them to create more jobs for their young population. According to a study conducted by the World Bank, there is a danger that a good immigration policy of a developed country may lead to a shortage of labor force due to emigration and migration in underdeveloped countries. The report notes that the share of working-age adults in many countries will decline sharply over the next decade.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">World Bank Senior Managing Director Axel van Trotsenberg said, “Migration can be a powerful force for prosperity and development. If managed well, it benefits all sources and destinations of workers.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Apart from demographic change, the factors of migration are also changing, which is making cross-border movement more diverse and complex. Now the identification of source and destination countries has spread to all income levels. Many countries like Mexico, Nigeria, the UK are both sending and receiving immigrants. The report also mentions that the number of refugees has almost tripled in the last decade. The report mentions that climate change threatens to promote further migration. Until now, climate-induced migration has been limited only within countries, but 40 percent of the world's populations (3.4 billion people) live in areas with high impacts of climate change.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Current approaches not only fail to maximize the potential development benefits of migration, but also cause great suffering to the people in crisis. The report states, “About 2.5 percent of the world's population, i.e. 104 million people (including 37 million refugees) are now outside their countries. The largest share of these people (43 percent) is found to be in developing countries.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to Indermeet Gill, World Bank Group Chief Economist and Vice President of Development Economics, the report offers a simple and powerful framework to help shape migration and refugee policy. He said, “This tells us that such policies can be made unilaterally by the destination country and if they are made multilaterally by the countries of destination, transit and origin, it can be considered as a multinational responsibility.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The report emphasized that countries of origin should make labor migration a clear part of their development strategies. The report points out that they should reduce remittance costs, facilitate the transfer of knowledge from their diaspora, and build skills that are in high demand globally. By doing so, their citizens will get good jobs when they go to other countries and the adverse effects of brain drain can be minimized, their citizens who are abroad can be protected and they can be supported when they return. The report also emphasized the need for better management of migration.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17418', 'image' => '20230427120430_wb migration.jpg', 'article_date' => '2023-04-27 12:03:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17684', 'article_category_id' => '1', 'title' => 'Samsung Sets up Television Factory in Nawalparasi', 'sub_title' => '', 'summary' => 'April 27: South Korean electronics giant Samsung has set up a television factory in Nawalparasi in collaboration with Him Electronics.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">April 27: South Korean electronics giant Samsung has set up a television factory in Nawalparasi in collaboration with Him Electronics.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The company claimed that this is the first time a multinational company has set up an electronics manufacturing facility in Nepal and it will have a major impact on the local economy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The television factory was jointly inaugurated by Minister for Industry, Commerce and Supplies Ramesh Rijal and Samsung’s South-West Asia President and Chief Executive Officer JB Park. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The opening ceremony was attended by Shekhar Golcha, president of Golcha Group, Park Chong Suk, South Korean ambassador to Nepal, Sung Joon Park, head of Samsung Electronics Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At the opening ceremony, President and CEO of Samsung South-West Asia Park said that the new television industry will strengthen the relationship with Nepal. He said that the industry will provide employment opportunities to the locals.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"This new television factory with our partners Him Electronics will further deepen our bond with Nepal and underline the work we are doing to strengthen the local industry and provide employment opportunities to people here. It will also facilitate the development of skilled manpower. We thank the Nepal Government and local authorities for their strong vision and continued support," Psrk said in a statement issued by the company.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Samsung has been present in Nepal for over two decades and this new television plant is a reflection of the company's special interest in the country, added the statement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The manufacturing facility will also help create a better electronics manufacturing ecosystem in Nepal.”</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17417', 'image' => '20230427125341_1682558666.collage (4).jpg', 'article_date' => '2023-04-27 12:52:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
