April 27: An exhibition and reception was organized at the British Library in London, UK on 25th April, 2023 to commemorate the 100th Anniversary of Nepal-United Kingdom Treaty of…
April 27: An exhibition and reception was organized at the British Library in London, UK on 25th April, 2023 to commemorate the 100th Anniversary of Nepal-United Kingdom Treaty of…
April 27: Electric vehicles will come into operation in Lumbini, the birthplace of Buddha, after a long…
Finance Minister Dr. Prakash Sharan Mahat has emphasized the importance of collective efforts from all sectors and parties to improve the struggling…
April 26: More than 400 climbers have received permits for climbing Mount Everest in the spring…
April 26: Members of Parliament (MPs) have expressed differing views on the Corruption Prevention Bill, 2077 (First Amendment) during a theoretical discussion in…
Jagdamba Motors, the authorized distributor of TVS scooters and motorcycles in Nepal, concluded the NOG (NTORQ Owner's Group) ride in Mahendranagar with great success last…
The demand for electric vehicles (EVs) has been rapidly growing in Nepal, with the country importing 2451 vehicles worth NPR 6.84 billion in the first nine months of the current fiscal…
April 26: Residents of Manang district have ascended toward the highlands to collect yarsagumba (Ophiocordyceps sinesis), a prized herb known for its aphrodisiac property, with the onset of the yarsa picking season. …
April 26: A dispute has arisen regarding one of the three companies that applied for the license of a new stock exchange…
April 26: The government must mandatorily publish the budget for the upcoming fiscal year (FY 2023/24) within one month from…
April 26: The tourism business in Helambu which was hard-hit by the devastating earthquakes of 2015 and the COVID-19 pandemic after that has made a rebound in recent…
April 26: Janata Samajbadi Party (JSP) Chair Upendra Yadav has been elected as a Member of the House of Representatives (HoR) from Bara district electoral constituency-2.…
The Confederation of Nepalese Industries (CNI) has emphasized the need to restore confidence in the industrial and business sectors to stimulate economic…
April 25: The Civil Aviation Authority of Nepal (CAAN) has barred the country manager of Flydubai and its station manager from entering the Tribhuwan International Airport (TIA) on charge of spreading false information on bird strike on a Flydubai plane on…
April 25: Banks have reduced the use of overnight repo and Standing Liquidity Facility (SLF) from Nepal Rastra Bank (NRB) as the liquidity has eased in the banking…
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 27: An exhibition and reception was organized at the British Library in London, UK on 25th April, 2023 to commemorate the 100<sup>th</sup> Anniversary of Nepal-United Kingdom Treaty of Friendship. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The event was jointly hosted by the Foreign, Commonwealth and Development Office of the United Kingdom and the Embassy of Nepal in London, in collaboration with the British Library, the Embassy of Nepal, London said in a press statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Historical documents, manuscripts, photographs, philatelic collection and other historical materials related to Nepal and Nepal-UK relations were put on display during the event. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking on the occasion, Foreign Secretary Bharat Raj Paudyal highlighted the way the 1923 Friendship Treaty provided a foundation for the evolution of Nepal-UK relationship in the past 100 years. The Foreign Secretary stated that these relations today have significantly expanded to development partnership, trade and investment, tourism, diaspora, British Gurkhas and other dimensions of people-to-people linkages as well as cooperation in multilateral forums on agendas of mutual interest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He appreciated the support provided by the British Library in preserving, protecting and digitizing historical manuscripts, photographs, monographs and other valuable materials in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister of State in the Foreign, Commonwealth and Development Office of the United Kingdom, Anne-Marie Trevelyan, speaking about the longstanding relations between the two countries, stated that the United Kingdom would contribute to support Nepal in achieving sustainable economic development and graduation from the status of least developed country, including through priority areas of trade and investment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal’s Ambassador to the United Kingdom, Gyan Chandra Acharya and the Head of Collections at the British Library, Xerxes Mazda also addressed the programme. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17416', 'image' => '20230427104323_100.jpg', 'article_date' => '2023-04-27 10:42:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17682', 'article_category_id' => '1', 'title' => 'Electric Buses to Operate in Lumbini ', 'sub_title' => '', 'summary' => 'April 27: Electric vehicles will come into operation in Lumbini, the birthplace of Buddha, after a long wait.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 27: Electric vehicles will come into operation in Lumbini, the birthplace of Buddha, after a long wait. These vehicles were lying idle under the open sky for more than two years due to the delay in the legal process in acquiring the operation permit and lack of the operation modality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The five electric buses and 14 vans given by donor agencies in grant assistance were sitting idle as the Lumbini Province Government failed to make arrangement for the legal process for operating them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Preparations are afoot to operate these luxury vehicles shortly after the Province Government recently opened the way for the legal process for the same. A meeting of the Provincial Council of Ministers on April 21 decided to give approval for operating these vehicles converting their number plates from white to green. Vehicles with white number plate indicate that they are operated for government offices while those with green number plate are operated for tourism purpose. These vehicles belong to the Lumbini Development Trust. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rastriya Samachar Samiti (RSS), the national news agency, had on March 11 carried news on these vehicles lying unused for over two years due to legal hurdles. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">LDT received these electric vehicles costing Rs 130 million under the Clean Energy Project. The Asian Development Bank (ADB) provided these vehicles as grant assistance. These vehicles were received through the Ministry of Culture, Tourism and Civil Aviation. The Government of Nepal had paid an additional Rs 35 million as customs duty while bringing the vehicles to Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Charging stations have also been constructed in Lumbini at a cost of Rs 139 million for the operation of these vehicles. The tyres of several of these vehicles have gone flat while the batteries too have become dysfunctional for lack of regular charging as these vehicles remained abandoned for a long time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Each of the five buses is of 19 seat capacity while each of the 14 vans is of five seat capacity. The vehicles have automatic doors and are disable-friendly. They were brought for the convenience of tourists in Lumbini and the nearby places related to Buddhism. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">These electric buses and cars were brought to Lumbini on November 24, 2020 with a goal of making Lumbini pollution-free. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17415', 'image' => '20230427124156_Lumbini ma bujeli bus 1 (1).JPG', 'article_date' => '2023-04-27 11:22:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17680', 'article_category_id' => '274', 'title' => 'Collective Efforts Essential to Improve Economy, Says Finance Minister Mahat ', 'sub_title' => '', 'summary' => 'Finance Minister Dr. Prakash Sharan Mahat has emphasized the importance of collective efforts from all sectors and parties to improve the struggling economy. ', 'content' => '<p><br /> <span style="font-size:18px">April 27: Finance Minister Dr. Prakash Sharan Mahat has emphasized the importance of collective efforts from all sectors and parties to improve the struggling economy. </span></p> <p><span style="font-size:18px">During the National Assembly's discussion on a proposal of urgent public importance on economic improvement on Wednesday, Dr Mahat pointed out that the government's efforts alone would not be sufficient to bring about the much-needed economic improvements. </span></p> <p><span style="font-size:18px">Dr Mahat acknowledged that the current economic issues were not solely caused by the incumbent or previous governments, and called for a shared perspective among political parties to revitalize the economy.</span></p> <p><span style="font-size:18px">While acknowledging that the country's economy is facing several challenges, Dr. Mahat reassured that it is not beyond our capacity to manage. Mahat stressed that patience is required to address the issues, which have been accumulating over a long time. </span></p> <p><span style="font-size:18px">Finance Minister admitted that there are structural problems in the economy and noted that social security obligations and recurrent spending are on the rise.The Finance Minister affirmed that the government is committed to resolving the issues with the support of all sides. </span></p> <p><span style="font-size:18px">Minister acknowledged that the problems are not caused by the current or previous governments alone, and that it would take time to find a solution. However, he pledged to work with honesty and utmost efforts for the greater good of the country and its people.</span></p> <p><span style="font-size:18px">Dr. Mahat said that the present economic problem is caused by loose monetary policy during the COVID pandemic, low capital spending due to elections, rising interest rates due to liquidity crunch, low absorbing capacity, and the tendency to spend capital expenditures at the end of the fiscal year.</span></p> <p><span style="font-size:18px">Minister stated that although it may take time, the government is dedicated to making the economy dynamic through collective efforts and reform measures with support from all sides. </span></p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17414', 'image' => '20230427063049_.prakash sharan mahat.jpg', 'article_date' => '2023-04-27 06:27:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '17679', 'article_category_id' => '1', 'title' => 'Over 400 Granted Permits to Climb Everest ', 'sub_title' => '', 'summary' => 'April 26: More than 400 climbers have received permits for climbing Mount Everest in the spring season.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 26: More than 400 climbers have received permits for climbing Mount Everest in the spring season. The Department of Tourism informed that 463 climbers from 42 groups have been granted the climbing permits so far. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An officer at the mountaineering section of the department, Bigyan Koirala, said that now only two to three Nepalis and some foreigners are in line to get the permission. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The department estimates that some 470 persons would take mountaineering permit this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Those who have already got the permits are already at the Everest Base Camp and Camp II of Everest, the highest peak in the world. The icefall doctors have made a trail for climbing up to Camp IV. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government has so far collected royalties of Rs 737 million by issuing permits to climbers interested in scaling Everest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">---- </span></span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17413', 'image' => '20230426094507_Everest-Summit.jpg', 'article_date' => '2023-04-26 21:43:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17677', 'article_category_id' => '1', 'title' => 'MPs Demand Life Imprisonment for the Corrupt', 'sub_title' => '', 'summary' => 'April 26: Members of Parliament (MPs) have expressed differing views on the Corruption Prevention Bill, 2077 (First Amendment) during a theoretical discussion in parliament.', '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 26: Members of Parliament (MPs) have expressed differing views on the Corruption Prevention Bill, 2077 (First Amendment) during a theoretical discussion in parliament. </span></span></span></span></p> <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"">Lawmakers from the ruling party to the MPs of the main opposition parties protested against bill saying that the government has made an attempt to protect all the corrupt people by setting a statute of limitation of five years instead of providing life imprisonment for the perpetrators of corruption.</span></span></span></span></p> <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"">Chief Whip of CPN (UML) Padam Giri said that the First Amendment to the Prevention of Corruption Bill, 2077 must have a provision to bring the perpetrators of corruption under the scope of law and make them walk with their heads down. He expressed his displeasure that the bill has not have provision to confiscate the property of the corrupt.</span></span></span></span></p> <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"">“They are trying to have a provision that does not allow someone committing corruption of Rs 2 million to Rs 2 billion to stay in jail for more than 14 years,” said Giri, “It should have been life imprisonment.”</span></span></span></span></p> <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"">Ruling Nepali Congress MP Arjun Narsingh KC opposed the provision of 5-year time limit for prosecuting corruption cases as an attempt to protect the corrupt.</span></span></span></span></p> <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"">He said that the five-year limitation for corruption cannot be accepted under any circumstances. </span></span></span></span></p> <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"">“It was brought to save all corrupt people stating that corruption should be dealt with within five years or else they will be free to walk away. This is not possible under any circumstances," MP KC 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:"Nirmala UI","sans-serif"">In section 16 of the anti-corruption bill, it is mentioned that the time limit for prosecuting corruption-related offenses is five years from the date of discovery. </span></span></span></span></p> <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"">Regarding the five-year time limit, it is further written in the same section, “If a civil servant has committed corruption during his tenure in office and if he cannot be prosecuted immediately, regardless of the circumstances of his retirement, the date of his retirement and the fact that he became aware of the corruption after his retirement, the case can be tried within five years from the date when the corruption case is known.”</span></span></span></span></p> <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 no statute of limitations for property embezzlement. It is said in that, “The bill does not have any statute of limitation for prosecuting corruption cases related to misappropriation of property owned or controlled by government or community organizations.”</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17412', 'image' => '20230426042203_20180705115033_Clipboard03.jpg', 'article_date' => '2023-04-26 16:21:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17678', 'article_category_id' => '1', 'title' => 'TVS NTORQ Owner's Group (NOG) Concludes Ride in Mahendranagar', 'sub_title' => '', 'summary' => 'Jagdamba Motors, the authorized distributor of TVS scooters and motorcycles in Nepal, concluded the NOG (NTORQ Owner's Group) ride in Mahendranagar with great success last Saturday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">April 26: Jagdamba Motors, the authorized distributor of TVS scooters and motorcycles in Nepal, concluded the NOG (NTORQ Owner's Group) ride in Mahendranagar with great success last Saturday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ride started from the Mahendranagar showroom of Mahamaya Trade and Suppliers and ended at Dodhara- Atithi Resort.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The event, which saw the participation of around 50 riders, was packed with fun gaming activities, and all the riders were presented with certificates of participation and exciting gifts. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The technical team also provided detailed information on various road safety rules and regulations to be followed during the ride, emphasizing the importance of safe riding practices.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As a leading player in the two-wheeler industry, Jagdamba Motors remains dedicated to providing top-quality products and services to its customers and promoting responsible riding habits.</span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17411', 'image' => '20230426045718_collage (3).jpg', 'article_date' => '2023-04-26 16:55:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '17676', 'article_category_id' => '1', 'title' => 'Import of Electric Vehicles Surges by 66% ', 'sub_title' => '', 'summary' => 'The demand for electric vehicles (EVs) has been rapidly growing in Nepal, with the country importing 2451 vehicles worth NPR 6.84 billion in the first nine months of the current fiscal year. ', 'content' => '<p><br /> <span style="font-size:18px">April 26: The demand for electric vehicles (EVs) has been rapidly growing in Nepal, with the country importing 2451 vehicles worth NPR 6.84 billion in the first nine months of the current fiscal year. </span></p> <p><span style="font-size:18px">This represents a 66% increase in EV imports from the same period last year, as per the data available at the Department of Customs. In the same period of the previous fiscal year, Nepal imported 1,473 EVs worth NPR 4.29 billion.</span></p> <p><span style="font-size:18px">Nepal sources its EVs primarily from China, India, Indonesia, South Korea, and the United States. Of these countries, India and China dominate the market share for EV imports.</span></p> <p><span style="font-size:18px">Nepal imported 1,755 EVs worth NPR 4.71 billion from India and 429 EVs worth NPR 1.8 billion from China in the last nine months.</span></p> <p><span style="font-size:18px">The rise in EV imports has also contributed to government revenues, with the import of 2,451 vehicles in the last nine months generating NPR 1.90 billion in revenue. </span></p> <p><span style="font-size:18px">This trend is expected to continue as more consumers turn to electric vehicles as an eco-friendly and cost-effective transportation option.</span><br /> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17410', 'image' => '20230426040913_collage (1).jpg', 'article_date' => '2023-04-26 16:07:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '17674', 'article_category_id' => '1', 'title' => 'Manang Folks Set Out for Highlands to Collect Yarsa ', 'sub_title' => '', 'summary' => 'April 26: Residents of Manang district have ascended toward the highlands to collect yarsagumba (Ophiocordyceps sinesis), a prized herb known for its aphrodisiac property, with the onset of the yarsa picking season. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 26: Residents of Manang district have ascended toward the highlands to collect yarsagumba (Ophiocordyceps sinesis), a prized herb known for its aphrodisiac property, with the onset of the yarsa picking season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Generally, the yarsa picking season begins from May and it will continue till the third week of June. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Locals have set out for Namke Kharka, Khangsarkharka and Narphukharka in the Upper Manang to collect the valuable medicinal herbs. Their main source of income of people of this region is agriculture and medicinal herbs. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"We are heading to the highlands to collect yarsa as this season is favourable for the collecting the herb," said Jag Bahadur Gurung of Chame Rural Municipality-4. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They obtain permission for collecting yarsa from the Annapurna Conservation Area Project (ACAAP) unit office in Manang. Collection of herbs is considered as one of the major sources of income of Manang folks. People from outside the district also arrive here for the collection of yarsa. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief District Officer Suprabha Khanal Dhungel said necessary arrangements have been made for the security of yarsa collectors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The collection has begun from the Namke alpine area and it is permitted in Narfu and Khangsar of Upper Manang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is compulsory for the yarsa and other herbs collectors and suppliers from outside the district to have COVID-19 vaccination card. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17409', 'image' => '20230426015900_featured.jpg', 'article_date' => '2023-04-26 13:57:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17675', 'article_category_id' => '1', 'title' => 'Controversy Surrounding Application of Himalayan Stock Exchange for License', 'sub_title' => '', 'summary' => 'April 26: A dispute has arisen regarding one of the three companies that applied for the license of a new stock exchange platform.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">April 26: A dispute has arisen regarding one of the three companies that applied for the license of a new stock exchange platform. Himalayan Stock Exchange, National Stock Exchange of Nepal and Annapurna Stock Exchange Limited have submitted applications to SEBON for the license of the new stock exchange.</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 dispute is related to the Himalayan Stock Exchange, which had applied for the license with the board. Ramesh Kumar Bhattarai, chief executive officer of Mahalakshmi Life Insurance Limited, has claimed that they have already registered an application for a license in the year 2066 in the name of Himalayan Stock Exchange Limited.</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 has said that on 15th Mangisr 2066, 17 companies together applied for a license with all the necessary documents in the name of Himalayan Stock Exchange Limited. Bhattarai questioned that “How can a new application with the same name be accepted without finalizing the application given with a deposit of Rs 25,000?”</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 board has been facing various controversies regarding the new license since the early days. It seems that the board which proceeded with the process after two petitions filed against the new license distribution process were rejected by the Supreme Court, should also answer Bhattarai's question.</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"">Tej Prasad Devkota, information officer of the board, said that according to the provisions of the law, the board has received applications from three companies and only one of them will get a license. </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 Devkota, there will be no error in the process as the board will give a stock exchange license to only one of the three companies.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Regarding the allegation that the board took another application with the same name, he clarified that the matter will be investigated.</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"">Devkota said that there will be an investigation into whether the previously registered companies are operational or not according to the law and whether they are in a position to accept the application in the future.</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"">Mahalakshmi Finance, Vibor Society Development Bank Limited, Asian Life Insurance, Guheshwari Merchant Banking & Finance, NLG Insurance, Janata Bank, Citizens Bank International, Central Finance, Premier Insurance, Sagarmatha Insurance, Lalitpur Finance, Mahalakshmi had submitted a joint application as Himalayan Stock Exchange Limited for the new stock exchange license in 2066. </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 new Himalayan Stock Exchange, which recently applied for the license with the board, has investments from Shankar Group, Deepak Bhatt, former president of FNCCI Pashupati Murarka, Bhawani Rana, outgoing president Shekhar Golcha, Rajendra Khetan, Saurabh Jyoti and others.</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 board revised the Securities Market Operation Regulations, 2064 last year for the distribution of new stock exchange licenses. According to the new provision, the organized institutions registered following the prevailing law to operate the securities market must submit an application within six months from the date of registration.</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"">There is a provision that the paid-up capital of the new stock exchange should be at least Rs 3 billion. The company must issue 30 per cent shares of the issued capital to the general public within two years of conducting the business with the approval of the board. </span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17408', 'image' => '20230426032324_Sebonnn.jpg', 'article_date' => '2023-04-26 15:22:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17673', 'article_category_id' => '1', 'title' => 'Reduction in Budget Ceiling Forces Government to Put Off New Plans', 'sub_title' => '', 'summary' => 'April 26: The government must mandatorily publish the budget for the upcoming fiscal year (FY 2023/24) within one month from now.', '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 26: The government must mandatorily publish the budget for the upcoming fiscal year (FY 2023/24) within one month from now.</span></span></span></span></p> <p><span style="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 National Planning Commission (NPC) has lowered ceiling for the budget of upcoming fiscal year compared to the current fiscal year. With the reduction in the budget ceiling of the ministries involved in development activities, these ministries have now started to change the priorities in their plans and programs for the upcoming year.</span></span></span></span></p> <p><span style="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 budget ceiling of the Ministry of Physical, Infrastructure and Transport, Ministry of Energy, Water Resources and Irrigation, Ministry of Urban Development, Ministry of Drinking Water and Sanitation and Ministry of Culture, Tourism and Civil Aviation has been lowered for the upcoming year. </span></span></span></span></p> <p><span style="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 NPC has significantly reduced the budget of the Ministry of Physical Infrastructure and Transport, which has the highest budget allocation in the current fiscal year. The budget of this ministry in the current fiscal year is Rs 167 billion. However, the NPC has slashed Rs 54 billion and set a ceiling of Rs 113 billion for this ministry for the coming year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Minister Prakash Jwala said that the significant reduction in the budget ceiling of the Ministry of Physical Infrastructure and Transport, which has the highest among all the ministries, will pose a challenge for development works. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"If the ceiling is set lower than the current one, the passion and enthusiasm to work will be reduced," he said. However, the minister said that he will make the best use of the available budget. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On the other hand, the officials of the ministries that look after water resources, roads, urban development and infrastructure have said that they will amend the existing program and will not push for new plans.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Ministry of Energy, Water Resources and Irrigation, which received a third of its budget compared to the current FY, has plans for immediate completion of the ongoing works.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Krishna Nepal, joint secretary of the ministry, informed that the NPC has set a budget ceiling of Rs 28 billion for the ministry. In the current year, this ministry has received a budget of Rs 42 billion. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Multi-year projects currently under construction and programs of low importance have not been prioritized because they do not bring immediate returns," said Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, Urban Development Ministry’s Information Officer Suresh Kumar Wagle said that the ceiling has been reduced by Rs 4.22 billion compared to the current year. He said that some changes have been made in the priorities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"No new programs will be added for the coming year," said Wagle.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Teknarayan Paudel, joint-spokesperson of the Ministry of Culture, Tourism and Civil Aviation, said that the budget ceiling has decreased by 40 percent compared to this year. He said that there will be a problem in continuing the work done this year because the budget has decreased. </span></span></span></span></p> <p><span style="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 ceiling of the Ministry of Water Supply has also decreased. In the current year, this ministry has received a budget of Rs 20.21 billion while the ceiling for the next year has been set at Rs 15 billion, the ministry said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The NPC has set a total budget ceiling of Rs 1688.4 billion for the upcoming fiscal year. The total budget announced of the current fiscal year was Rs 1793 billion which was later downsized to Rs 1549.99 billion. The ceiling for the coming year is higher than the revised budget.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Meanwhile, an official of the NPC said that due to the increase in the interest rate of internal debt, the budget of the development projects has been reduced as there is no situation to take new 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"">To make up for the deficit budget, the government has already taken internal loans of around Rs 250 billion. </span></span></span></span></p> <p><span style="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 official said that the budget ceiling had to be reduced due to the pressure on revenue collection and the increase in government’s current expenditure.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17407', 'image' => '20230426122315_Budget.jpg', 'article_date' => '2023-04-26 12:20:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17672', 'article_category_id' => '1', 'title' => 'Tourism Business Back on Track in Helambu ', 'sub_title' => '', 'summary' => 'April 26: The tourism business in Helambu which was hard-hit by the devastating earthquakes of 2015 and the COVID-19 pandemic after that has made a rebound in recent months. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 26: The tourism business in Helambu which was hard-hit by the devastating earthquakes of 2015 and the COVID-19 pandemic after that has made a rebound in recent months. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The number of both domestic and foreign tourists coming to this picturesque mountain settlement has gone up after the reconstruction of people's homes, monasteries, hotels, home stay facilities and tourism infrastructures. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Helambu, with its typical Hyolmo settlements, the white chortens and colourful strings of prayer flags and festoons, is a popular trekking destination in Sindhupalchok district and is close to the federal capital. It offers a wonderful close-up view of the Himalayan mountains and exotic flora and fauna. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bipul Shakya of Jawalakhel, Lalitpur, says he is fascinated by the natural beauty of Helambu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I was enthralled by the natural vista of this place. The chortens, and the colourful prayer flags and festoons that dot the route leading to Helambu are a pleasant sight. Add to this, the local tradition of welcoming the guests at the home stay in Shermathang. It's been a sheer enthralling experience for me," shared Shakya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rabin Maharjan, who arrived in Helambu along with Shakya, also echoed him in describing how he was enticed by the beauty of Helambu. Moreover, for Maharjan, the local agriculture and apple orchards in Helambu are exemplary. He was all praises for the architectural design of the houses depicting the Hyolmo culture. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Annually, around 36,000 tourists used to trek around this area before the earthquake. They took the Helambu trekking route to Aama Yangri and the Melamchi Ghyang monastery. The inflow of trekkers has gradually increased in recent months and 40-50 domestic and foreign tourists have been coming to Helambu daily. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"More than 10 foreign tourists come for trekking purpose on a daily basis. Their goal is to trek up to the higher reaches of Helambu," said Nima Gyaljen Sherpa, the chairperson of Helambu Rural Municipality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Tarke Ghyang, the Guru Rinpochhe cave, Chiri Gumba (monastery), Melamchi Ghyang, Mahadev Paila are the tourism destinations here. Aama Yangri, which lies at an altitude of 3,770 metres from the sea level, is the first choice among the tourism destinations. It is four hours' uphill trek to Aama Yangri from the nearest road. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">One can take this trekking route up to Gosainkunda from Helambu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sherpa, the rural municipality chairman, said two trekking trails are under construction for reaching the Simsisang mountain and Ganjala pass-Langtang area. At the same time, a dozen trekking routes are being repaired and improved. These include the Sundarijal-Kuntungsang trail, the Ghopteghyang-Melamchighyang route, the Timbu-Melamchighyang, the Palchok-Kakani, the Nigale-Kakani, the Shermathang-Palchok Bhagawati and the Nindeshwari Mahakal- Aama Yangri trekking trails, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotels in Kiul and Helambu have been getting a good number of guests and business. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17406', 'image' => '20230426111432_Helambu-.jpg', 'article_date' => '2023-04-26 11:13:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17671', 'article_category_id' => '1', 'title' => 'JSP Chairman Yadav Elected HoR Member from Bara-2 ', 'sub_title' => '', 'summary' => 'April 26: Janata Samajbadi Party (JSP) Chair Upendra Yadav has been elected as a Member of the House of Representatives (HoR) from Bara district electoral constituency-2. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 26: Janata Samajbadi Party (JSP) Chair Upendra Yadav has been elected as a Member of the House of Representatives (HoR) from Bara district electoral constituency-2. As per the final vote count results announced on Tuesday night, Yadav bagged 28, 415 votes and was elected to the lower house of the Federal Parliament. His closest contender Shiva Chandra Kushwaha of Janamat Party garnered 23,334 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, CPN (UML) candidate Purushottam Poudel received 10,216 votes while Ramesh Kharel of Rastriya Swatantra Party got 2,829 votes, Arun Kumar Gyawali of the Aam Janata Party 2,738 votes, Sonalal Saha of Rastriya Prajatantra Party 119 votes, Kamarullah Ansari of Nagarik Unmukti Party 109 votes and Mukti Yadav of Nepal Workers and Peasants Party 60 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A total of 68,887 voters had cast their votes in the by-election held in Bara-2 constituency last Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the general election held on November 20 last year, Yadav was defeated by Dr CK Raut, chairman of Janamat Party, in Saptari electoral constituency-2. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The HoR seat from Bara constituency 2 had fallen vacant after Ram Sahay Prasad Yadav of JSP, who was elected from this constituency, was elected to the post of Vice President, necessitating the by-election. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Chief Returning Officer of Bara handed over the election certificate to the JSP Chair Yadav on Tuesday night. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17405', 'image' => '20230426103208_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2023-04-26 10:28:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17670', 'article_category_id' => '1', 'title' => 'Restore Confidence to Improve Economy: (CNI) ', 'sub_title' => '', 'summary' => 'The Confederation of Nepalese Industries (CNI) has emphasized the need to restore confidence in the industrial and business sectors to stimulate economic growth. ', 'content' => '<p><span style="font-size:18px">April 26: The Confederation of Nepalese Industries (CNI) has emphasized the need to restore confidence in the industrial and business sectors to stimulate economic growth. </span></p> <p><span style="font-size:18px">During a meeting with Minister for Labour, Employment and Social Security Sharat Singh Bhandari on Tuesday, the CNI highlighted the negative impact of declining demand on businesses. </span></p> <p><span style="font-size:18px">The leaders of the CNI, including its Chair Bishnu Kumar Agrawal, expressed concern about the lack of confidence among entrepreneurs due to high interest rates, liquidity crunch, and other challenges in the banking system.</span></p> <p><span style="font-size:18px">The delegation of CNI led by its chair Agrawal urged the government to expedite capital expenditures to improve the economy and implement flexible policies that will increase demand and reduce illegal transactions across the border. </span></p> <p><span style="font-size:18px">In response, Minister Bhandari acknowledged problems and assured the business community of the government's commitment to increasing capital expenditure. </span></p> <p><span style="font-size:18px">“The government will address the concerns of the business community by implementing appropriate policies to instill confidence to reinvigorate the economy,” Minister Bhandari assured. </span><br /> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17404', 'image' => '20230426061740_collage.jpg', 'article_date' => '2023-04-26 06:14:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '17669', 'article_category_id' => '1', 'title' => 'CAAN Suspends Entry Pass of Flydubai Country Manager, Station Manager at TIA ', 'sub_title' => '', 'summary' => 'April 25: The Civil Aviation Authority of Nepal (CAAN) has barred the country manager of Flydubai and its station manager from entering the Tribhuwan International Airport (TIA) on charge of spreading false information on bird strike on a Flydubai plane on Monday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 25: The Civil Aviation Authority of Nepal (CAAN) has barred the country manager of Flydubai and its station manager from entering the Tribhuwan International Airport (TIA) on charge of spreading false information on bird strike on a Flydubai plane on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CAAN has suspended their entry pass on charge of spreading false information from Dubai. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Assistant Spokesperson of CAAN, Gyanendra Bhul, said that the two officials of the Flydubai are prevented from entering the TIA until further decision. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on Tuesday, the CAAN said Nepal Country Manager Binod Abrahm and Airport Manager Nar Narayan Pakwan of Flydubai have been barred from entering the airport as the official page of the airlines, without an official conclusion of the authority, stated that the accident occurred due to a bird strike at TIA. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Flydubai plane that took off from TIA on Monday night with 168 passengers on board had reportedly caught a fire in its engine after an explosion in the sky of Koteshwar in Kathmandu. Despite the problem in engine, the aircraft continued its journey towards Dubai stating that the engines were working on normal parameters. </span></span></span></p> ', 'published' => true, 'created' => '2023-04-25', 'modified' => '2023-04-25', 'keywords' => '', 'description' => '', 'sortorder' => '17403', 'image' => '20230425093846_20230424111118_flydubai7378.jpg', 'article_date' => '2023-04-25 21:38:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17668', 'article_category_id' => '1', 'title' => 'Liquidity Situation in Banking System Eases to Some Extent', 'sub_title' => '', 'summary' => 'April 25: Banks have reduced the use of overnight repo and Standing Liquidity Facility (SLF) from Nepal Rastra Bank (NRB) as the liquidity has eased in the banking system.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">April 25: Banks have reduced the use of overnight repo and Standing Liquidity Facility (SLF) from Nepal Rastra Bank (NRB) as the liquidity has eased in the banking system.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the data of the central bank, banks currently have around Rs 250 billion of investable capital. However, due to high interest rates and slowdown in economic activities, loan disbursement has not been enthusiastic.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As of Saturday, banks and financial institutions had a total deposits of Rs 5453 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Although bank deposits have increased, credit flow has remained stable. As of Saturday, the total loan disbursement of banks stood at Rs 4844 billion. As the liquidity has eased to some extent, the credit deposit ratio (CD ratio) of banks have also dropped to 85.38 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the interbank interest rate is 7 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As the liquidity situation started to ease, the banks reduced the interest rate on deposits but kept the interest rate on government bond (Treasury Bills) stable. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The banks, which reduced the interest rate on deposits to single digit, also invested in the government's short-term bond – Treasury Bills – by reducing the interest rate in mid-April. In late April, they kept the interest rate constant.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On Monday, Nepal Rastra Bank (NRB) called for auctioning T-Bills worth Rs 28.6 billion including renewal of T-Bills worth Rs 20 billion and new Treasury Bills worth Rs 8.6 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to NRB, an average interest rate of 8.54 percent has been fixed for 28-day Treasury Bills, 9.61 percent for 91-day Treasury Bills, 9.62 percent for 182-day Treasury Bills and 9.55 percent for 364-day Treasury Bills has been maintained.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Last week, the average interest rate for 28-day Treasury Bills was 8.33 percent, 9.63 percent for 91 days Treasury Bills, 9.65 percent for 182 days Treasury Bills and 9.55 percent for 364 days Treasury Bills.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Treasury bills are short-term bonds used by the government to raise internal debt. Treasury bills are sold to raise short-term funds needed by the government.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-25', 'modified' => '2023-04-25', 'keywords' => '', 'description' => '', 'sortorder' => '17402', 'image' => '20230425045534_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-04-25 16:47:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 27: An exhibition and reception was organized at the British Library in London, UK on 25th April, 2023 to commemorate the 100<sup>th</sup> Anniversary of Nepal-United Kingdom Treaty of Friendship. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The event was jointly hosted by the Foreign, Commonwealth and Development Office of the United Kingdom and the Embassy of Nepal in London, in collaboration with the British Library, the Embassy of Nepal, London said in a press statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Historical documents, manuscripts, photographs, philatelic collection and other historical materials related to Nepal and Nepal-UK relations were put on display during the event. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking on the occasion, Foreign Secretary Bharat Raj Paudyal highlighted the way the 1923 Friendship Treaty provided a foundation for the evolution of Nepal-UK relationship in the past 100 years. The Foreign Secretary stated that these relations today have significantly expanded to development partnership, trade and investment, tourism, diaspora, British Gurkhas and other dimensions of people-to-people linkages as well as cooperation in multilateral forums on agendas of mutual interest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He appreciated the support provided by the British Library in preserving, protecting and digitizing historical manuscripts, photographs, monographs and other valuable materials in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister of State in the Foreign, Commonwealth and Development Office of the United Kingdom, Anne-Marie Trevelyan, speaking about the longstanding relations between the two countries, stated that the United Kingdom would contribute to support Nepal in achieving sustainable economic development and graduation from the status of least developed country, including through priority areas of trade and investment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal’s Ambassador to the United Kingdom, Gyan Chandra Acharya and the Head of Collections at the British Library, Xerxes Mazda also addressed the programme. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17416', 'image' => '20230427104323_100.jpg', 'article_date' => '2023-04-27 10:42:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17682', 'article_category_id' => '1', 'title' => 'Electric Buses to Operate in Lumbini ', 'sub_title' => '', 'summary' => 'April 27: Electric vehicles will come into operation in Lumbini, the birthplace of Buddha, after a long wait.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 27: Electric vehicles will come into operation in Lumbini, the birthplace of Buddha, after a long wait. These vehicles were lying idle under the open sky for more than two years due to the delay in the legal process in acquiring the operation permit and lack of the operation modality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The five electric buses and 14 vans given by donor agencies in grant assistance were sitting idle as the Lumbini Province Government failed to make arrangement for the legal process for operating them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Preparations are afoot to operate these luxury vehicles shortly after the Province Government recently opened the way for the legal process for the same. A meeting of the Provincial Council of Ministers on April 21 decided to give approval for operating these vehicles converting their number plates from white to green. Vehicles with white number plate indicate that they are operated for government offices while those with green number plate are operated for tourism purpose. These vehicles belong to the Lumbini Development Trust. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rastriya Samachar Samiti (RSS), the national news agency, had on March 11 carried news on these vehicles lying unused for over two years due to legal hurdles. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">LDT received these electric vehicles costing Rs 130 million under the Clean Energy Project. The Asian Development Bank (ADB) provided these vehicles as grant assistance. These vehicles were received through the Ministry of Culture, Tourism and Civil Aviation. The Government of Nepal had paid an additional Rs 35 million as customs duty while bringing the vehicles to Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Charging stations have also been constructed in Lumbini at a cost of Rs 139 million for the operation of these vehicles. The tyres of several of these vehicles have gone flat while the batteries too have become dysfunctional for lack of regular charging as these vehicles remained abandoned for a long time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Each of the five buses is of 19 seat capacity while each of the 14 vans is of five seat capacity. The vehicles have automatic doors and are disable-friendly. They were brought for the convenience of tourists in Lumbini and the nearby places related to Buddhism. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">These electric buses and cars were brought to Lumbini on November 24, 2020 with a goal of making Lumbini pollution-free. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17415', 'image' => '20230427124156_Lumbini ma bujeli bus 1 (1).JPG', 'article_date' => '2023-04-27 11:22:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17680', 'article_category_id' => '274', 'title' => 'Collective Efforts Essential to Improve Economy, Says Finance Minister Mahat ', 'sub_title' => '', 'summary' => 'Finance Minister Dr. Prakash Sharan Mahat has emphasized the importance of collective efforts from all sectors and parties to improve the struggling economy. ', 'content' => '<p><br /> <span style="font-size:18px">April 27: Finance Minister Dr. Prakash Sharan Mahat has emphasized the importance of collective efforts from all sectors and parties to improve the struggling economy. </span></p> <p><span style="font-size:18px">During the National Assembly's discussion on a proposal of urgent public importance on economic improvement on Wednesday, Dr Mahat pointed out that the government's efforts alone would not be sufficient to bring about the much-needed economic improvements. </span></p> <p><span style="font-size:18px">Dr Mahat acknowledged that the current economic issues were not solely caused by the incumbent or previous governments, and called for a shared perspective among political parties to revitalize the economy.</span></p> <p><span style="font-size:18px">While acknowledging that the country's economy is facing several challenges, Dr. Mahat reassured that it is not beyond our capacity to manage. Mahat stressed that patience is required to address the issues, which have been accumulating over a long time. </span></p> <p><span style="font-size:18px">Finance Minister admitted that there are structural problems in the economy and noted that social security obligations and recurrent spending are on the rise.The Finance Minister affirmed that the government is committed to resolving the issues with the support of all sides. </span></p> <p><span style="font-size:18px">Minister acknowledged that the problems are not caused by the current or previous governments alone, and that it would take time to find a solution. However, he pledged to work with honesty and utmost efforts for the greater good of the country and its people.</span></p> <p><span style="font-size:18px">Dr. Mahat said that the present economic problem is caused by loose monetary policy during the COVID pandemic, low capital spending due to elections, rising interest rates due to liquidity crunch, low absorbing capacity, and the tendency to spend capital expenditures at the end of the fiscal year.</span></p> <p><span style="font-size:18px">Minister stated that although it may take time, the government is dedicated to making the economy dynamic through collective efforts and reform measures with support from all sides. </span></p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17414', 'image' => '20230427063049_.prakash sharan mahat.jpg', 'article_date' => '2023-04-27 06:27:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '17679', 'article_category_id' => '1', 'title' => 'Over 400 Granted Permits to Climb Everest ', 'sub_title' => '', 'summary' => 'April 26: More than 400 climbers have received permits for climbing Mount Everest in the spring season.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 26: More than 400 climbers have received permits for climbing Mount Everest in the spring season. The Department of Tourism informed that 463 climbers from 42 groups have been granted the climbing permits so far. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An officer at the mountaineering section of the department, Bigyan Koirala, said that now only two to three Nepalis and some foreigners are in line to get the permission. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The department estimates that some 470 persons would take mountaineering permit this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Those who have already got the permits are already at the Everest Base Camp and Camp II of Everest, the highest peak in the world. The icefall doctors have made a trail for climbing up to Camp IV. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government has so far collected royalties of Rs 737 million by issuing permits to climbers interested in scaling Everest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">---- </span></span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17413', 'image' => '20230426094507_Everest-Summit.jpg', 'article_date' => '2023-04-26 21:43:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17677', 'article_category_id' => '1', 'title' => 'MPs Demand Life Imprisonment for the Corrupt', 'sub_title' => '', 'summary' => 'April 26: Members of Parliament (MPs) have expressed differing views on the Corruption Prevention Bill, 2077 (First Amendment) during a theoretical discussion in parliament.', '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 26: Members of Parliament (MPs) have expressed differing views on the Corruption Prevention Bill, 2077 (First Amendment) during a theoretical discussion in parliament. </span></span></span></span></p> <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"">Lawmakers from the ruling party to the MPs of the main opposition parties protested against bill saying that the government has made an attempt to protect all the corrupt people by setting a statute of limitation of five years instead of providing life imprisonment for the perpetrators of corruption.</span></span></span></span></p> <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"">Chief Whip of CPN (UML) Padam Giri said that the First Amendment to the Prevention of Corruption Bill, 2077 must have a provision to bring the perpetrators of corruption under the scope of law and make them walk with their heads down. He expressed his displeasure that the bill has not have provision to confiscate the property of the corrupt.</span></span></span></span></p> <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"">“They are trying to have a provision that does not allow someone committing corruption of Rs 2 million to Rs 2 billion to stay in jail for more than 14 years,” said Giri, “It should have been life imprisonment.”</span></span></span></span></p> <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"">Ruling Nepali Congress MP Arjun Narsingh KC opposed the provision of 5-year time limit for prosecuting corruption cases as an attempt to protect the corrupt.</span></span></span></span></p> <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"">He said that the five-year limitation for corruption cannot be accepted under any circumstances. </span></span></span></span></p> <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"">“It was brought to save all corrupt people stating that corruption should be dealt with within five years or else they will be free to walk away. This is not possible under any circumstances," MP KC 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:"Nirmala UI","sans-serif"">In section 16 of the anti-corruption bill, it is mentioned that the time limit for prosecuting corruption-related offenses is five years from the date of discovery. </span></span></span></span></p> <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"">Regarding the five-year time limit, it is further written in the same section, “If a civil servant has committed corruption during his tenure in office and if he cannot be prosecuted immediately, regardless of the circumstances of his retirement, the date of his retirement and the fact that he became aware of the corruption after his retirement, the case can be tried within five years from the date when the corruption case is known.”</span></span></span></span></p> <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 no statute of limitations for property embezzlement. It is said in that, “The bill does not have any statute of limitation for prosecuting corruption cases related to misappropriation of property owned or controlled by government or community organizations.”</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17412', 'image' => '20230426042203_20180705115033_Clipboard03.jpg', 'article_date' => '2023-04-26 16:21:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17678', 'article_category_id' => '1', 'title' => 'TVS NTORQ Owner's Group (NOG) Concludes Ride in Mahendranagar', 'sub_title' => '', 'summary' => 'Jagdamba Motors, the authorized distributor of TVS scooters and motorcycles in Nepal, concluded the NOG (NTORQ Owner's Group) ride in Mahendranagar with great success last Saturday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">April 26: Jagdamba Motors, the authorized distributor of TVS scooters and motorcycles in Nepal, concluded the NOG (NTORQ Owner's Group) ride in Mahendranagar with great success last Saturday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ride started from the Mahendranagar showroom of Mahamaya Trade and Suppliers and ended at Dodhara- Atithi Resort.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The event, which saw the participation of around 50 riders, was packed with fun gaming activities, and all the riders were presented with certificates of participation and exciting gifts. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The technical team also provided detailed information on various road safety rules and regulations to be followed during the ride, emphasizing the importance of safe riding practices.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As a leading player in the two-wheeler industry, Jagdamba Motors remains dedicated to providing top-quality products and services to its customers and promoting responsible riding habits.</span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17411', 'image' => '20230426045718_collage (3).jpg', 'article_date' => '2023-04-26 16:55:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '17676', 'article_category_id' => '1', 'title' => 'Import of Electric Vehicles Surges by 66% ', 'sub_title' => '', 'summary' => 'The demand for electric vehicles (EVs) has been rapidly growing in Nepal, with the country importing 2451 vehicles worth NPR 6.84 billion in the first nine months of the current fiscal year. ', 'content' => '<p><br /> <span style="font-size:18px">April 26: The demand for electric vehicles (EVs) has been rapidly growing in Nepal, with the country importing 2451 vehicles worth NPR 6.84 billion in the first nine months of the current fiscal year. </span></p> <p><span style="font-size:18px">This represents a 66% increase in EV imports from the same period last year, as per the data available at the Department of Customs. In the same period of the previous fiscal year, Nepal imported 1,473 EVs worth NPR 4.29 billion.</span></p> <p><span style="font-size:18px">Nepal sources its EVs primarily from China, India, Indonesia, South Korea, and the United States. Of these countries, India and China dominate the market share for EV imports.</span></p> <p><span style="font-size:18px">Nepal imported 1,755 EVs worth NPR 4.71 billion from India and 429 EVs worth NPR 1.8 billion from China in the last nine months.</span></p> <p><span style="font-size:18px">The rise in EV imports has also contributed to government revenues, with the import of 2,451 vehicles in the last nine months generating NPR 1.90 billion in revenue. </span></p> <p><span style="font-size:18px">This trend is expected to continue as more consumers turn to electric vehicles as an eco-friendly and cost-effective transportation option.</span><br /> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17410', 'image' => '20230426040913_collage (1).jpg', 'article_date' => '2023-04-26 16:07:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '17674', 'article_category_id' => '1', 'title' => 'Manang Folks Set Out for Highlands to Collect Yarsa ', 'sub_title' => '', 'summary' => 'April 26: Residents of Manang district have ascended toward the highlands to collect yarsagumba (Ophiocordyceps sinesis), a prized herb known for its aphrodisiac property, with the onset of the yarsa picking season. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 26: Residents of Manang district have ascended toward the highlands to collect yarsagumba (Ophiocordyceps sinesis), a prized herb known for its aphrodisiac property, with the onset of the yarsa picking season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Generally, the yarsa picking season begins from May and it will continue till the third week of June. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Locals have set out for Namke Kharka, Khangsarkharka and Narphukharka in the Upper Manang to collect the valuable medicinal herbs. Their main source of income of people of this region is agriculture and medicinal herbs. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"We are heading to the highlands to collect yarsa as this season is favourable for the collecting the herb," said Jag Bahadur Gurung of Chame Rural Municipality-4. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They obtain permission for collecting yarsa from the Annapurna Conservation Area Project (ACAAP) unit office in Manang. Collection of herbs is considered as one of the major sources of income of Manang folks. People from outside the district also arrive here for the collection of yarsa. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief District Officer Suprabha Khanal Dhungel said necessary arrangements have been made for the security of yarsa collectors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The collection has begun from the Namke alpine area and it is permitted in Narfu and Khangsar of Upper Manang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is compulsory for the yarsa and other herbs collectors and suppliers from outside the district to have COVID-19 vaccination card. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17409', 'image' => '20230426015900_featured.jpg', 'article_date' => '2023-04-26 13:57:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17675', 'article_category_id' => '1', 'title' => 'Controversy Surrounding Application of Himalayan Stock Exchange for License', 'sub_title' => '', 'summary' => 'April 26: A dispute has arisen regarding one of the three companies that applied for the license of a new stock exchange platform.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">April 26: A dispute has arisen regarding one of the three companies that applied for the license of a new stock exchange platform. Himalayan Stock Exchange, National Stock Exchange of Nepal and Annapurna Stock Exchange Limited have submitted applications to SEBON for the license of the new stock exchange.</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 dispute is related to the Himalayan Stock Exchange, which had applied for the license with the board. Ramesh Kumar Bhattarai, chief executive officer of Mahalakshmi Life Insurance Limited, has claimed that they have already registered an application for a license in the year 2066 in the name of Himalayan Stock Exchange Limited.</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 has said that on 15th Mangisr 2066, 17 companies together applied for a license with all the necessary documents in the name of Himalayan Stock Exchange Limited. Bhattarai questioned that “How can a new application with the same name be accepted without finalizing the application given with a deposit of Rs 25,000?”</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 board has been facing various controversies regarding the new license since the early days. It seems that the board which proceeded with the process after two petitions filed against the new license distribution process were rejected by the Supreme Court, should also answer Bhattarai's question.</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"">Tej Prasad Devkota, information officer of the board, said that according to the provisions of the law, the board has received applications from three companies and only one of them will get a license. </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 Devkota, there will be no error in the process as the board will give a stock exchange license to only one of the three companies.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Regarding the allegation that the board took another application with the same name, he clarified that the matter will be investigated.</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"">Devkota said that there will be an investigation into whether the previously registered companies are operational or not according to the law and whether they are in a position to accept the application in the future.</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"">Mahalakshmi Finance, Vibor Society Development Bank Limited, Asian Life Insurance, Guheshwari Merchant Banking & Finance, NLG Insurance, Janata Bank, Citizens Bank International, Central Finance, Premier Insurance, Sagarmatha Insurance, Lalitpur Finance, Mahalakshmi had submitted a joint application as Himalayan Stock Exchange Limited for the new stock exchange license in 2066. </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 new Himalayan Stock Exchange, which recently applied for the license with the board, has investments from Shankar Group, Deepak Bhatt, former president of FNCCI Pashupati Murarka, Bhawani Rana, outgoing president Shekhar Golcha, Rajendra Khetan, Saurabh Jyoti and others.</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 board revised the Securities Market Operation Regulations, 2064 last year for the distribution of new stock exchange licenses. According to the new provision, the organized institutions registered following the prevailing law to operate the securities market must submit an application within six months from the date of registration.</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"">There is a provision that the paid-up capital of the new stock exchange should be at least Rs 3 billion. The company must issue 30 per cent shares of the issued capital to the general public within two years of conducting the business with the approval of the board. </span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17408', 'image' => '20230426032324_Sebonnn.jpg', 'article_date' => '2023-04-26 15:22:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17673', 'article_category_id' => '1', 'title' => 'Reduction in Budget Ceiling Forces Government to Put Off New Plans', 'sub_title' => '', 'summary' => 'April 26: The government must mandatorily publish the budget for the upcoming fiscal year (FY 2023/24) within one month from now.', '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 26: The government must mandatorily publish the budget for the upcoming fiscal year (FY 2023/24) within one month from now.</span></span></span></span></p> <p><span style="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 National Planning Commission (NPC) has lowered ceiling for the budget of upcoming fiscal year compared to the current fiscal year. With the reduction in the budget ceiling of the ministries involved in development activities, these ministries have now started to change the priorities in their plans and programs for the upcoming year.</span></span></span></span></p> <p><span style="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 budget ceiling of the Ministry of Physical, Infrastructure and Transport, Ministry of Energy, Water Resources and Irrigation, Ministry of Urban Development, Ministry of Drinking Water and Sanitation and Ministry of Culture, Tourism and Civil Aviation has been lowered for the upcoming year. </span></span></span></span></p> <p><span style="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 NPC has significantly reduced the budget of the Ministry of Physical Infrastructure and Transport, which has the highest budget allocation in the current fiscal year. The budget of this ministry in the current fiscal year is Rs 167 billion. However, the NPC has slashed Rs 54 billion and set a ceiling of Rs 113 billion for this ministry for the coming year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Minister Prakash Jwala said that the significant reduction in the budget ceiling of the Ministry of Physical Infrastructure and Transport, which has the highest among all the ministries, will pose a challenge for development works. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"If the ceiling is set lower than the current one, the passion and enthusiasm to work will be reduced," he said. However, the minister said that he will make the best use of the available budget. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On the other hand, the officials of the ministries that look after water resources, roads, urban development and infrastructure have said that they will amend the existing program and will not push for new plans.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Ministry of Energy, Water Resources and Irrigation, which received a third of its budget compared to the current FY, has plans for immediate completion of the ongoing works.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Krishna Nepal, joint secretary of the ministry, informed that the NPC has set a budget ceiling of Rs 28 billion for the ministry. In the current year, this ministry has received a budget of Rs 42 billion. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Multi-year projects currently under construction and programs of low importance have not been prioritized because they do not bring immediate returns," said Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, Urban Development Ministry’s Information Officer Suresh Kumar Wagle said that the ceiling has been reduced by Rs 4.22 billion compared to the current year. He said that some changes have been made in the priorities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"No new programs will be added for the coming year," said Wagle.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Teknarayan Paudel, joint-spokesperson of the Ministry of Culture, Tourism and Civil Aviation, said that the budget ceiling has decreased by 40 percent compared to this year. He said that there will be a problem in continuing the work done this year because the budget has decreased. </span></span></span></span></p> <p><span style="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 ceiling of the Ministry of Water Supply has also decreased. In the current year, this ministry has received a budget of Rs 20.21 billion while the ceiling for the next year has been set at Rs 15 billion, the ministry said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The NPC has set a total budget ceiling of Rs 1688.4 billion for the upcoming fiscal year. The total budget announced of the current fiscal year was Rs 1793 billion which was later downsized to Rs 1549.99 billion. The ceiling for the coming year is higher than the revised budget.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Meanwhile, an official of the NPC said that due to the increase in the interest rate of internal debt, the budget of the development projects has been reduced as there is no situation to take new 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"">To make up for the deficit budget, the government has already taken internal loans of around Rs 250 billion. </span></span></span></span></p> <p><span style="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 official said that the budget ceiling had to be reduced due to the pressure on revenue collection and the increase in government’s current expenditure.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17407', 'image' => '20230426122315_Budget.jpg', 'article_date' => '2023-04-26 12:20:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17672', 'article_category_id' => '1', 'title' => 'Tourism Business Back on Track in Helambu ', 'sub_title' => '', 'summary' => 'April 26: The tourism business in Helambu which was hard-hit by the devastating earthquakes of 2015 and the COVID-19 pandemic after that has made a rebound in recent months. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 26: The tourism business in Helambu which was hard-hit by the devastating earthquakes of 2015 and the COVID-19 pandemic after that has made a rebound in recent months. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The number of both domestic and foreign tourists coming to this picturesque mountain settlement has gone up after the reconstruction of people's homes, monasteries, hotels, home stay facilities and tourism infrastructures. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Helambu, with its typical Hyolmo settlements, the white chortens and colourful strings of prayer flags and festoons, is a popular trekking destination in Sindhupalchok district and is close to the federal capital. It offers a wonderful close-up view of the Himalayan mountains and exotic flora and fauna. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bipul Shakya of Jawalakhel, Lalitpur, says he is fascinated by the natural beauty of Helambu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I was enthralled by the natural vista of this place. The chortens, and the colourful prayer flags and festoons that dot the route leading to Helambu are a pleasant sight. Add to this, the local tradition of welcoming the guests at the home stay in Shermathang. It's been a sheer enthralling experience for me," shared Shakya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rabin Maharjan, who arrived in Helambu along with Shakya, also echoed him in describing how he was enticed by the beauty of Helambu. Moreover, for Maharjan, the local agriculture and apple orchards in Helambu are exemplary. He was all praises for the architectural design of the houses depicting the Hyolmo culture. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Annually, around 36,000 tourists used to trek around this area before the earthquake. They took the Helambu trekking route to Aama Yangri and the Melamchi Ghyang monastery. The inflow of trekkers has gradually increased in recent months and 40-50 domestic and foreign tourists have been coming to Helambu daily. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"More than 10 foreign tourists come for trekking purpose on a daily basis. Their goal is to trek up to the higher reaches of Helambu," said Nima Gyaljen Sherpa, the chairperson of Helambu Rural Municipality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Tarke Ghyang, the Guru Rinpochhe cave, Chiri Gumba (monastery), Melamchi Ghyang, Mahadev Paila are the tourism destinations here. Aama Yangri, which lies at an altitude of 3,770 metres from the sea level, is the first choice among the tourism destinations. It is four hours' uphill trek to Aama Yangri from the nearest road. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">One can take this trekking route up to Gosainkunda from Helambu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sherpa, the rural municipality chairman, said two trekking trails are under construction for reaching the Simsisang mountain and Ganjala pass-Langtang area. At the same time, a dozen trekking routes are being repaired and improved. These include the Sundarijal-Kuntungsang trail, the Ghopteghyang-Melamchighyang route, the Timbu-Melamchighyang, the Palchok-Kakani, the Nigale-Kakani, the Shermathang-Palchok Bhagawati and the Nindeshwari Mahakal- Aama Yangri trekking trails, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotels in Kiul and Helambu have been getting a good number of guests and business. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17406', 'image' => '20230426111432_Helambu-.jpg', 'article_date' => '2023-04-26 11:13:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17671', 'article_category_id' => '1', 'title' => 'JSP Chairman Yadav Elected HoR Member from Bara-2 ', 'sub_title' => '', 'summary' => 'April 26: Janata Samajbadi Party (JSP) Chair Upendra Yadav has been elected as a Member of the House of Representatives (HoR) from Bara district electoral constituency-2. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 26: Janata Samajbadi Party (JSP) Chair Upendra Yadav has been elected as a Member of the House of Representatives (HoR) from Bara district electoral constituency-2. As per the final vote count results announced on Tuesday night, Yadav bagged 28, 415 votes and was elected to the lower house of the Federal Parliament. His closest contender Shiva Chandra Kushwaha of Janamat Party garnered 23,334 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, CPN (UML) candidate Purushottam Poudel received 10,216 votes while Ramesh Kharel of Rastriya Swatantra Party got 2,829 votes, Arun Kumar Gyawali of the Aam Janata Party 2,738 votes, Sonalal Saha of Rastriya Prajatantra Party 119 votes, Kamarullah Ansari of Nagarik Unmukti Party 109 votes and Mukti Yadav of Nepal Workers and Peasants Party 60 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A total of 68,887 voters had cast their votes in the by-election held in Bara-2 constituency last Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the general election held on November 20 last year, Yadav was defeated by Dr CK Raut, chairman of Janamat Party, in Saptari electoral constituency-2. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The HoR seat from Bara constituency 2 had fallen vacant after Ram Sahay Prasad Yadav of JSP, who was elected from this constituency, was elected to the post of Vice President, necessitating the by-election. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Chief Returning Officer of Bara handed over the election certificate to the JSP Chair Yadav on Tuesday night. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17405', 'image' => '20230426103208_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2023-04-26 10:28:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17670', 'article_category_id' => '1', 'title' => 'Restore Confidence to Improve Economy: (CNI) ', 'sub_title' => '', 'summary' => 'The Confederation of Nepalese Industries (CNI) has emphasized the need to restore confidence in the industrial and business sectors to stimulate economic growth. ', 'content' => '<p><span style="font-size:18px">April 26: The Confederation of Nepalese Industries (CNI) has emphasized the need to restore confidence in the industrial and business sectors to stimulate economic growth. </span></p> <p><span style="font-size:18px">During a meeting with Minister for Labour, Employment and Social Security Sharat Singh Bhandari on Tuesday, the CNI highlighted the negative impact of declining demand on businesses. </span></p> <p><span style="font-size:18px">The leaders of the CNI, including its Chair Bishnu Kumar Agrawal, expressed concern about the lack of confidence among entrepreneurs due to high interest rates, liquidity crunch, and other challenges in the banking system.</span></p> <p><span style="font-size:18px">The delegation of CNI led by its chair Agrawal urged the government to expedite capital expenditures to improve the economy and implement flexible policies that will increase demand and reduce illegal transactions across the border. </span></p> <p><span style="font-size:18px">In response, Minister Bhandari acknowledged problems and assured the business community of the government's commitment to increasing capital expenditure. </span></p> <p><span style="font-size:18px">“The government will address the concerns of the business community by implementing appropriate policies to instill confidence to reinvigorate the economy,” Minister Bhandari assured. </span><br /> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17404', 'image' => '20230426061740_collage.jpg', 'article_date' => '2023-04-26 06:14:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '17669', 'article_category_id' => '1', 'title' => 'CAAN Suspends Entry Pass of Flydubai Country Manager, Station Manager at TIA ', 'sub_title' => '', 'summary' => 'April 25: The Civil Aviation Authority of Nepal (CAAN) has barred the country manager of Flydubai and its station manager from entering the Tribhuwan International Airport (TIA) on charge of spreading false information on bird strike on a Flydubai plane on Monday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 25: The Civil Aviation Authority of Nepal (CAAN) has barred the country manager of Flydubai and its station manager from entering the Tribhuwan International Airport (TIA) on charge of spreading false information on bird strike on a Flydubai plane on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CAAN has suspended their entry pass on charge of spreading false information from Dubai. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Assistant Spokesperson of CAAN, Gyanendra Bhul, said that the two officials of the Flydubai are prevented from entering the TIA until further decision. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on Tuesday, the CAAN said Nepal Country Manager Binod Abrahm and Airport Manager Nar Narayan Pakwan of Flydubai have been barred from entering the airport as the official page of the airlines, without an official conclusion of the authority, stated that the accident occurred due to a bird strike at TIA. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Flydubai plane that took off from TIA on Monday night with 168 passengers on board had reportedly caught a fire in its engine after an explosion in the sky of Koteshwar in Kathmandu. Despite the problem in engine, the aircraft continued its journey towards Dubai stating that the engines were working on normal parameters. </span></span></span></p> ', 'published' => true, 'created' => '2023-04-25', 'modified' => '2023-04-25', 'keywords' => '', 'description' => '', 'sortorder' => '17403', 'image' => '20230425093846_20230424111118_flydubai7378.jpg', 'article_date' => '2023-04-25 21:38:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17668', 'article_category_id' => '1', 'title' => 'Liquidity Situation in Banking System Eases to Some Extent', 'sub_title' => '', 'summary' => 'April 25: Banks have reduced the use of overnight repo and Standing Liquidity Facility (SLF) from Nepal Rastra Bank (NRB) as the liquidity has eased in the banking system.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">April 25: Banks have reduced the use of overnight repo and Standing Liquidity Facility (SLF) from Nepal Rastra Bank (NRB) as the liquidity has eased in the banking system.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the data of the central bank, banks currently have around Rs 250 billion of investable capital. However, due to high interest rates and slowdown in economic activities, loan disbursement has not been enthusiastic.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As of Saturday, banks and financial institutions had a total deposits of Rs 5453 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Although bank deposits have increased, credit flow has remained stable. As of Saturday, the total loan disbursement of banks stood at Rs 4844 billion. As the liquidity has eased to some extent, the credit deposit ratio (CD ratio) of banks have also dropped to 85.38 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the interbank interest rate is 7 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As the liquidity situation started to ease, the banks reduced the interest rate on deposits but kept the interest rate on government bond (Treasury Bills) stable. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The banks, which reduced the interest rate on deposits to single digit, also invested in the government's short-term bond – Treasury Bills – by reducing the interest rate in mid-April. In late April, they kept the interest rate constant.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On Monday, Nepal Rastra Bank (NRB) called for auctioning T-Bills worth Rs 28.6 billion including renewal of T-Bills worth Rs 20 billion and new Treasury Bills worth Rs 8.6 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to NRB, an average interest rate of 8.54 percent has been fixed for 28-day Treasury Bills, 9.61 percent for 91-day Treasury Bills, 9.62 percent for 182-day Treasury Bills and 9.55 percent for 364-day Treasury Bills has been maintained.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Last week, the average interest rate for 28-day Treasury Bills was 8.33 percent, 9.63 percent for 91 days Treasury Bills, 9.65 percent for 182 days Treasury Bills and 9.55 percent for 364 days Treasury Bills.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Treasury bills are short-term bonds used by the government to raise internal debt. Treasury bills are sold to raise short-term funds needed by the government.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-25', 'modified' => '2023-04-25', 'keywords' => '', 'description' => '', 'sortorder' => '17402', 'image' => '20230425045534_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-04-25 16:47:13', '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' => '17681', 'article_category_id' => '1', 'title' => 'Exhibition Organised to Mark 100 Years of Nepal-UK Treaty of Friendship ', 'sub_title' => '', 'summary' => 'April 27: An exhibition and reception was organized at the British Library in London, UK on 25th April, 2023 to commemorate the 100th Anniversary of Nepal-United Kingdom Treaty of Friendship. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 27: An exhibition and reception was organized at the British Library in London, UK on 25th April, 2023 to commemorate the 100<sup>th</sup> Anniversary of Nepal-United Kingdom Treaty of Friendship. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The event was jointly hosted by the Foreign, Commonwealth and Development Office of the United Kingdom and the Embassy of Nepal in London, in collaboration with the British Library, the Embassy of Nepal, London said in a press statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Historical documents, manuscripts, photographs, philatelic collection and other historical materials related to Nepal and Nepal-UK relations were put on display during the event. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking on the occasion, Foreign Secretary Bharat Raj Paudyal highlighted the way the 1923 Friendship Treaty provided a foundation for the evolution of Nepal-UK relationship in the past 100 years. The Foreign Secretary stated that these relations today have significantly expanded to development partnership, trade and investment, tourism, diaspora, British Gurkhas and other dimensions of people-to-people linkages as well as cooperation in multilateral forums on agendas of mutual interest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He appreciated the support provided by the British Library in preserving, protecting and digitizing historical manuscripts, photographs, monographs and other valuable materials in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister of State in the Foreign, Commonwealth and Development Office of the United Kingdom, Anne-Marie Trevelyan, speaking about the longstanding relations between the two countries, stated that the United Kingdom would contribute to support Nepal in achieving sustainable economic development and graduation from the status of least developed country, including through priority areas of trade and investment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal’s Ambassador to the United Kingdom, Gyan Chandra Acharya and the Head of Collections at the British Library, Xerxes Mazda also addressed the programme. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17416', 'image' => '20230427104323_100.jpg', 'article_date' => '2023-04-27 10:42:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17682', 'article_category_id' => '1', 'title' => 'Electric Buses to Operate in Lumbini ', 'sub_title' => '', 'summary' => 'April 27: Electric vehicles will come into operation in Lumbini, the birthplace of Buddha, after a long wait.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 27: Electric vehicles will come into operation in Lumbini, the birthplace of Buddha, after a long wait. These vehicles were lying idle under the open sky for more than two years due to the delay in the legal process in acquiring the operation permit and lack of the operation modality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The five electric buses and 14 vans given by donor agencies in grant assistance were sitting idle as the Lumbini Province Government failed to make arrangement for the legal process for operating them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Preparations are afoot to operate these luxury vehicles shortly after the Province Government recently opened the way for the legal process for the same. A meeting of the Provincial Council of Ministers on April 21 decided to give approval for operating these vehicles converting their number plates from white to green. Vehicles with white number plate indicate that they are operated for government offices while those with green number plate are operated for tourism purpose. These vehicles belong to the Lumbini Development Trust. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rastriya Samachar Samiti (RSS), the national news agency, had on March 11 carried news on these vehicles lying unused for over two years due to legal hurdles. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">LDT received these electric vehicles costing Rs 130 million under the Clean Energy Project. The Asian Development Bank (ADB) provided these vehicles as grant assistance. These vehicles were received through the Ministry of Culture, Tourism and Civil Aviation. The Government of Nepal had paid an additional Rs 35 million as customs duty while bringing the vehicles to Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Charging stations have also been constructed in Lumbini at a cost of Rs 139 million for the operation of these vehicles. The tyres of several of these vehicles have gone flat while the batteries too have become dysfunctional for lack of regular charging as these vehicles remained abandoned for a long time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Each of the five buses is of 19 seat capacity while each of the 14 vans is of five seat capacity. The vehicles have automatic doors and are disable-friendly. They were brought for the convenience of tourists in Lumbini and the nearby places related to Buddhism. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">These electric buses and cars were brought to Lumbini on November 24, 2020 with a goal of making Lumbini pollution-free. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17415', 'image' => '20230427124156_Lumbini ma bujeli bus 1 (1).JPG', 'article_date' => '2023-04-27 11:22:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17680', 'article_category_id' => '274', 'title' => 'Collective Efforts Essential to Improve Economy, Says Finance Minister Mahat ', 'sub_title' => '', 'summary' => 'Finance Minister Dr. Prakash Sharan Mahat has emphasized the importance of collective efforts from all sectors and parties to improve the struggling economy. ', 'content' => '<p><br /> <span style="font-size:18px">April 27: Finance Minister Dr. Prakash Sharan Mahat has emphasized the importance of collective efforts from all sectors and parties to improve the struggling economy. </span></p> <p><span style="font-size:18px">During the National Assembly's discussion on a proposal of urgent public importance on economic improvement on Wednesday, Dr Mahat pointed out that the government's efforts alone would not be sufficient to bring about the much-needed economic improvements. </span></p> <p><span style="font-size:18px">Dr Mahat acknowledged that the current economic issues were not solely caused by the incumbent or previous governments, and called for a shared perspective among political parties to revitalize the economy.</span></p> <p><span style="font-size:18px">While acknowledging that the country's economy is facing several challenges, Dr. Mahat reassured that it is not beyond our capacity to manage. Mahat stressed that patience is required to address the issues, which have been accumulating over a long time. </span></p> <p><span style="font-size:18px">Finance Minister admitted that there are structural problems in the economy and noted that social security obligations and recurrent spending are on the rise.The Finance Minister affirmed that the government is committed to resolving the issues with the support of all sides. </span></p> <p><span style="font-size:18px">Minister acknowledged that the problems are not caused by the current or previous governments alone, and that it would take time to find a solution. However, he pledged to work with honesty and utmost efforts for the greater good of the country and its people.</span></p> <p><span style="font-size:18px">Dr. Mahat said that the present economic problem is caused by loose monetary policy during the COVID pandemic, low capital spending due to elections, rising interest rates due to liquidity crunch, low absorbing capacity, and the tendency to spend capital expenditures at the end of the fiscal year.</span></p> <p><span style="font-size:18px">Minister stated that although it may take time, the government is dedicated to making the economy dynamic through collective efforts and reform measures with support from all sides. </span></p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17414', 'image' => '20230427063049_.prakash sharan mahat.jpg', 'article_date' => '2023-04-27 06:27:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '17679', 'article_category_id' => '1', 'title' => 'Over 400 Granted Permits to Climb Everest ', 'sub_title' => '', 'summary' => 'April 26: More than 400 climbers have received permits for climbing Mount Everest in the spring season.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 26: More than 400 climbers have received permits for climbing Mount Everest in the spring season. The Department of Tourism informed that 463 climbers from 42 groups have been granted the climbing permits so far. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An officer at the mountaineering section of the department, Bigyan Koirala, said that now only two to three Nepalis and some foreigners are in line to get the permission. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The department estimates that some 470 persons would take mountaineering permit this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Those who have already got the permits are already at the Everest Base Camp and Camp II of Everest, the highest peak in the world. The icefall doctors have made a trail for climbing up to Camp IV. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government has so far collected royalties of Rs 737 million by issuing permits to climbers interested in scaling Everest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">---- </span></span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17413', 'image' => '20230426094507_Everest-Summit.jpg', 'article_date' => '2023-04-26 21:43:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17677', 'article_category_id' => '1', 'title' => 'MPs Demand Life Imprisonment for the Corrupt', 'sub_title' => '', 'summary' => 'April 26: Members of Parliament (MPs) have expressed differing views on the Corruption Prevention Bill, 2077 (First Amendment) during a theoretical discussion in parliament.', '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 26: Members of Parliament (MPs) have expressed differing views on the Corruption Prevention Bill, 2077 (First Amendment) during a theoretical discussion in parliament. </span></span></span></span></p> <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"">Lawmakers from the ruling party to the MPs of the main opposition parties protested against bill saying that the government has made an attempt to protect all the corrupt people by setting a statute of limitation of five years instead of providing life imprisonment for the perpetrators of corruption.</span></span></span></span></p> <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"">Chief Whip of CPN (UML) Padam Giri said that the First Amendment to the Prevention of Corruption Bill, 2077 must have a provision to bring the perpetrators of corruption under the scope of law and make them walk with their heads down. He expressed his displeasure that the bill has not have provision to confiscate the property of the corrupt.</span></span></span></span></p> <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"">“They are trying to have a provision that does not allow someone committing corruption of Rs 2 million to Rs 2 billion to stay in jail for more than 14 years,” said Giri, “It should have been life imprisonment.”</span></span></span></span></p> <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"">Ruling Nepali Congress MP Arjun Narsingh KC opposed the provision of 5-year time limit for prosecuting corruption cases as an attempt to protect the corrupt.</span></span></span></span></p> <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"">He said that the five-year limitation for corruption cannot be accepted under any circumstances. </span></span></span></span></p> <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"">“It was brought to save all corrupt people stating that corruption should be dealt with within five years or else they will be free to walk away. This is not possible under any circumstances," MP KC 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:"Nirmala UI","sans-serif"">In section 16 of the anti-corruption bill, it is mentioned that the time limit for prosecuting corruption-related offenses is five years from the date of discovery. </span></span></span></span></p> <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"">Regarding the five-year time limit, it is further written in the same section, “If a civil servant has committed corruption during his tenure in office and if he cannot be prosecuted immediately, regardless of the circumstances of his retirement, the date of his retirement and the fact that he became aware of the corruption after his retirement, the case can be tried within five years from the date when the corruption case is known.”</span></span></span></span></p> <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 no statute of limitations for property embezzlement. It is said in that, “The bill does not have any statute of limitation for prosecuting corruption cases related to misappropriation of property owned or controlled by government or community organizations.”</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17412', 'image' => '20230426042203_20180705115033_Clipboard03.jpg', 'article_date' => '2023-04-26 16:21:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17678', 'article_category_id' => '1', 'title' => 'TVS NTORQ Owner's Group (NOG) Concludes Ride in Mahendranagar', 'sub_title' => '', 'summary' => 'Jagdamba Motors, the authorized distributor of TVS scooters and motorcycles in Nepal, concluded the NOG (NTORQ Owner's Group) ride in Mahendranagar with great success last Saturday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">April 26: Jagdamba Motors, the authorized distributor of TVS scooters and motorcycles in Nepal, concluded the NOG (NTORQ Owner's Group) ride in Mahendranagar with great success last Saturday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ride started from the Mahendranagar showroom of Mahamaya Trade and Suppliers and ended at Dodhara- Atithi Resort.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The event, which saw the participation of around 50 riders, was packed with fun gaming activities, and all the riders were presented with certificates of participation and exciting gifts. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The technical team also provided detailed information on various road safety rules and regulations to be followed during the ride, emphasizing the importance of safe riding practices.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As a leading player in the two-wheeler industry, Jagdamba Motors remains dedicated to providing top-quality products and services to its customers and promoting responsible riding habits.</span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17411', 'image' => '20230426045718_collage (3).jpg', 'article_date' => '2023-04-26 16:55:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '17676', 'article_category_id' => '1', 'title' => 'Import of Electric Vehicles Surges by 66% ', 'sub_title' => '', 'summary' => 'The demand for electric vehicles (EVs) has been rapidly growing in Nepal, with the country importing 2451 vehicles worth NPR 6.84 billion in the first nine months of the current fiscal year. ', 'content' => '<p><br /> <span style="font-size:18px">April 26: The demand for electric vehicles (EVs) has been rapidly growing in Nepal, with the country importing 2451 vehicles worth NPR 6.84 billion in the first nine months of the current fiscal year. </span></p> <p><span style="font-size:18px">This represents a 66% increase in EV imports from the same period last year, as per the data available at the Department of Customs. In the same period of the previous fiscal year, Nepal imported 1,473 EVs worth NPR 4.29 billion.</span></p> <p><span style="font-size:18px">Nepal sources its EVs primarily from China, India, Indonesia, South Korea, and the United States. Of these countries, India and China dominate the market share for EV imports.</span></p> <p><span style="font-size:18px">Nepal imported 1,755 EVs worth NPR 4.71 billion from India and 429 EVs worth NPR 1.8 billion from China in the last nine months.</span></p> <p><span style="font-size:18px">The rise in EV imports has also contributed to government revenues, with the import of 2,451 vehicles in the last nine months generating NPR 1.90 billion in revenue. </span></p> <p><span style="font-size:18px">This trend is expected to continue as more consumers turn to electric vehicles as an eco-friendly and cost-effective transportation option.</span><br /> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17410', 'image' => '20230426040913_collage (1).jpg', 'article_date' => '2023-04-26 16:07:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '17674', 'article_category_id' => '1', 'title' => 'Manang Folks Set Out for Highlands to Collect Yarsa ', 'sub_title' => '', 'summary' => 'April 26: Residents of Manang district have ascended toward the highlands to collect yarsagumba (Ophiocordyceps sinesis), a prized herb known for its aphrodisiac property, with the onset of the yarsa picking season. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 26: Residents of Manang district have ascended toward the highlands to collect yarsagumba (Ophiocordyceps sinesis), a prized herb known for its aphrodisiac property, with the onset of the yarsa picking season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Generally, the yarsa picking season begins from May and it will continue till the third week of June. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Locals have set out for Namke Kharka, Khangsarkharka and Narphukharka in the Upper Manang to collect the valuable medicinal herbs. Their main source of income of people of this region is agriculture and medicinal herbs. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"We are heading to the highlands to collect yarsa as this season is favourable for the collecting the herb," said Jag Bahadur Gurung of Chame Rural Municipality-4. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They obtain permission for collecting yarsa from the Annapurna Conservation Area Project (ACAAP) unit office in Manang. Collection of herbs is considered as one of the major sources of income of Manang folks. People from outside the district also arrive here for the collection of yarsa. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief District Officer Suprabha Khanal Dhungel said necessary arrangements have been made for the security of yarsa collectors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The collection has begun from the Namke alpine area and it is permitted in Narfu and Khangsar of Upper Manang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is compulsory for the yarsa and other herbs collectors and suppliers from outside the district to have COVID-19 vaccination card. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17409', 'image' => '20230426015900_featured.jpg', 'article_date' => '2023-04-26 13:57:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17675', 'article_category_id' => '1', 'title' => 'Controversy Surrounding Application of Himalayan Stock Exchange for License', 'sub_title' => '', 'summary' => 'April 26: A dispute has arisen regarding one of the three companies that applied for the license of a new stock exchange platform.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">April 26: A dispute has arisen regarding one of the three companies that applied for the license of a new stock exchange platform. Himalayan Stock Exchange, National Stock Exchange of Nepal and Annapurna Stock Exchange Limited have submitted applications to SEBON for the license of the new stock exchange.</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 dispute is related to the Himalayan Stock Exchange, which had applied for the license with the board. Ramesh Kumar Bhattarai, chief executive officer of Mahalakshmi Life Insurance Limited, has claimed that they have already registered an application for a license in the year 2066 in the name of Himalayan Stock Exchange Limited.</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 has said that on 15th Mangisr 2066, 17 companies together applied for a license with all the necessary documents in the name of Himalayan Stock Exchange Limited. Bhattarai questioned that “How can a new application with the same name be accepted without finalizing the application given with a deposit of Rs 25,000?”</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 board has been facing various controversies regarding the new license since the early days. It seems that the board which proceeded with the process after two petitions filed against the new license distribution process were rejected by the Supreme Court, should also answer Bhattarai's question.</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"">Tej Prasad Devkota, information officer of the board, said that according to the provisions of the law, the board has received applications from three companies and only one of them will get a license. </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 Devkota, there will be no error in the process as the board will give a stock exchange license to only one of the three companies.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Regarding the allegation that the board took another application with the same name, he clarified that the matter will be investigated.</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"">Devkota said that there will be an investigation into whether the previously registered companies are operational or not according to the law and whether they are in a position to accept the application in the future.</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"">Mahalakshmi Finance, Vibor Society Development Bank Limited, Asian Life Insurance, Guheshwari Merchant Banking & Finance, NLG Insurance, Janata Bank, Citizens Bank International, Central Finance, Premier Insurance, Sagarmatha Insurance, Lalitpur Finance, Mahalakshmi had submitted a joint application as Himalayan Stock Exchange Limited for the new stock exchange license in 2066. </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 new Himalayan Stock Exchange, which recently applied for the license with the board, has investments from Shankar Group, Deepak Bhatt, former president of FNCCI Pashupati Murarka, Bhawani Rana, outgoing president Shekhar Golcha, Rajendra Khetan, Saurabh Jyoti and others.</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 board revised the Securities Market Operation Regulations, 2064 last year for the distribution of new stock exchange licenses. According to the new provision, the organized institutions registered following the prevailing law to operate the securities market must submit an application within six months from the date of registration.</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"">There is a provision that the paid-up capital of the new stock exchange should be at least Rs 3 billion. The company must issue 30 per cent shares of the issued capital to the general public within two years of conducting the business with the approval of the board. </span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17408', 'image' => '20230426032324_Sebonnn.jpg', 'article_date' => '2023-04-26 15:22:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17673', 'article_category_id' => '1', 'title' => 'Reduction in Budget Ceiling Forces Government to Put Off New Plans', 'sub_title' => '', 'summary' => 'April 26: The government must mandatorily publish the budget for the upcoming fiscal year (FY 2023/24) within one month from now.', '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 26: The government must mandatorily publish the budget for the upcoming fiscal year (FY 2023/24) within one month from now.</span></span></span></span></p> <p><span style="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 National Planning Commission (NPC) has lowered ceiling for the budget of upcoming fiscal year compared to the current fiscal year. With the reduction in the budget ceiling of the ministries involved in development activities, these ministries have now started to change the priorities in their plans and programs for the upcoming year.</span></span></span></span></p> <p><span style="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 budget ceiling of the Ministry of Physical, Infrastructure and Transport, Ministry of Energy, Water Resources and Irrigation, Ministry of Urban Development, Ministry of Drinking Water and Sanitation and Ministry of Culture, Tourism and Civil Aviation has been lowered for the upcoming year. </span></span></span></span></p> <p><span style="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 NPC has significantly reduced the budget of the Ministry of Physical Infrastructure and Transport, which has the highest budget allocation in the current fiscal year. The budget of this ministry in the current fiscal year is Rs 167 billion. However, the NPC has slashed Rs 54 billion and set a ceiling of Rs 113 billion for this ministry for the coming year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Minister Prakash Jwala said that the significant reduction in the budget ceiling of the Ministry of Physical Infrastructure and Transport, which has the highest among all the ministries, will pose a challenge for development works. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"If the ceiling is set lower than the current one, the passion and enthusiasm to work will be reduced," he said. However, the minister said that he will make the best use of the available budget. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On the other hand, the officials of the ministries that look after water resources, roads, urban development and infrastructure have said that they will amend the existing program and will not push for new plans.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Ministry of Energy, Water Resources and Irrigation, which received a third of its budget compared to the current FY, has plans for immediate completion of the ongoing works.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Krishna Nepal, joint secretary of the ministry, informed that the NPC has set a budget ceiling of Rs 28 billion for the ministry. In the current year, this ministry has received a budget of Rs 42 billion. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Multi-year projects currently under construction and programs of low importance have not been prioritized because they do not bring immediate returns," said Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, Urban Development Ministry’s Information Officer Suresh Kumar Wagle said that the ceiling has been reduced by Rs 4.22 billion compared to the current year. He said that some changes have been made in the priorities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"No new programs will be added for the coming year," said Wagle.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Teknarayan Paudel, joint-spokesperson of the Ministry of Culture, Tourism and Civil Aviation, said that the budget ceiling has decreased by 40 percent compared to this year. He said that there will be a problem in continuing the work done this year because the budget has decreased. </span></span></span></span></p> <p><span style="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 ceiling of the Ministry of Water Supply has also decreased. In the current year, this ministry has received a budget of Rs 20.21 billion while the ceiling for the next year has been set at Rs 15 billion, the ministry said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The NPC has set a total budget ceiling of Rs 1688.4 billion for the upcoming fiscal year. The total budget announced of the current fiscal year was Rs 1793 billion which was later downsized to Rs 1549.99 billion. The ceiling for the coming year is higher than the revised budget.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Meanwhile, an official of the NPC said that due to the increase in the interest rate of internal debt, the budget of the development projects has been reduced as there is no situation to take new 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"">To make up for the deficit budget, the government has already taken internal loans of around Rs 250 billion. </span></span></span></span></p> <p><span style="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 official said that the budget ceiling had to be reduced due to the pressure on revenue collection and the increase in government’s current expenditure.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17407', 'image' => '20230426122315_Budget.jpg', 'article_date' => '2023-04-26 12:20:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17672', 'article_category_id' => '1', 'title' => 'Tourism Business Back on Track in Helambu ', 'sub_title' => '', 'summary' => 'April 26: The tourism business in Helambu which was hard-hit by the devastating earthquakes of 2015 and the COVID-19 pandemic after that has made a rebound in recent months. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 26: The tourism business in Helambu which was hard-hit by the devastating earthquakes of 2015 and the COVID-19 pandemic after that has made a rebound in recent months. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The number of both domestic and foreign tourists coming to this picturesque mountain settlement has gone up after the reconstruction of people's homes, monasteries, hotels, home stay facilities and tourism infrastructures. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Helambu, with its typical Hyolmo settlements, the white chortens and colourful strings of prayer flags and festoons, is a popular trekking destination in Sindhupalchok district and is close to the federal capital. It offers a wonderful close-up view of the Himalayan mountains and exotic flora and fauna. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bipul Shakya of Jawalakhel, Lalitpur, says he is fascinated by the natural beauty of Helambu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I was enthralled by the natural vista of this place. The chortens, and the colourful prayer flags and festoons that dot the route leading to Helambu are a pleasant sight. Add to this, the local tradition of welcoming the guests at the home stay in Shermathang. It's been a sheer enthralling experience for me," shared Shakya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rabin Maharjan, who arrived in Helambu along with Shakya, also echoed him in describing how he was enticed by the beauty of Helambu. Moreover, for Maharjan, the local agriculture and apple orchards in Helambu are exemplary. He was all praises for the architectural design of the houses depicting the Hyolmo culture. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Annually, around 36,000 tourists used to trek around this area before the earthquake. They took the Helambu trekking route to Aama Yangri and the Melamchi Ghyang monastery. The inflow of trekkers has gradually increased in recent months and 40-50 domestic and foreign tourists have been coming to Helambu daily. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"More than 10 foreign tourists come for trekking purpose on a daily basis. Their goal is to trek up to the higher reaches of Helambu," said Nima Gyaljen Sherpa, the chairperson of Helambu Rural Municipality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Tarke Ghyang, the Guru Rinpochhe cave, Chiri Gumba (monastery), Melamchi Ghyang, Mahadev Paila are the tourism destinations here. Aama Yangri, which lies at an altitude of 3,770 metres from the sea level, is the first choice among the tourism destinations. It is four hours' uphill trek to Aama Yangri from the nearest road. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">One can take this trekking route up to Gosainkunda from Helambu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sherpa, the rural municipality chairman, said two trekking trails are under construction for reaching the Simsisang mountain and Ganjala pass-Langtang area. At the same time, a dozen trekking routes are being repaired and improved. These include the Sundarijal-Kuntungsang trail, the Ghopteghyang-Melamchighyang route, the Timbu-Melamchighyang, the Palchok-Kakani, the Nigale-Kakani, the Shermathang-Palchok Bhagawati and the Nindeshwari Mahakal- Aama Yangri trekking trails, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotels in Kiul and Helambu have been getting a good number of guests and business. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17406', 'image' => '20230426111432_Helambu-.jpg', 'article_date' => '2023-04-26 11:13:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17671', 'article_category_id' => '1', 'title' => 'JSP Chairman Yadav Elected HoR Member from Bara-2 ', 'sub_title' => '', 'summary' => 'April 26: Janata Samajbadi Party (JSP) Chair Upendra Yadav has been elected as a Member of the House of Representatives (HoR) from Bara district electoral constituency-2. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 26: Janata Samajbadi Party (JSP) Chair Upendra Yadav has been elected as a Member of the House of Representatives (HoR) from Bara district electoral constituency-2. As per the final vote count results announced on Tuesday night, Yadav bagged 28, 415 votes and was elected to the lower house of the Federal Parliament. His closest contender Shiva Chandra Kushwaha of Janamat Party garnered 23,334 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, CPN (UML) candidate Purushottam Poudel received 10,216 votes while Ramesh Kharel of Rastriya Swatantra Party got 2,829 votes, Arun Kumar Gyawali of the Aam Janata Party 2,738 votes, Sonalal Saha of Rastriya Prajatantra Party 119 votes, Kamarullah Ansari of Nagarik Unmukti Party 109 votes and Mukti Yadav of Nepal Workers and Peasants Party 60 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A total of 68,887 voters had cast their votes in the by-election held in Bara-2 constituency last Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the general election held on November 20 last year, Yadav was defeated by Dr CK Raut, chairman of Janamat Party, in Saptari electoral constituency-2. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The HoR seat from Bara constituency 2 had fallen vacant after Ram Sahay Prasad Yadav of JSP, who was elected from this constituency, was elected to the post of Vice President, necessitating the by-election. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Chief Returning Officer of Bara handed over the election certificate to the JSP Chair Yadav on Tuesday night. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17405', 'image' => '20230426103208_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2023-04-26 10:28:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17670', 'article_category_id' => '1', 'title' => 'Restore Confidence to Improve Economy: (CNI) ', 'sub_title' => '', 'summary' => 'The Confederation of Nepalese Industries (CNI) has emphasized the need to restore confidence in the industrial and business sectors to stimulate economic growth. ', 'content' => '<p><span style="font-size:18px">April 26: The Confederation of Nepalese Industries (CNI) has emphasized the need to restore confidence in the industrial and business sectors to stimulate economic growth. </span></p> <p><span style="font-size:18px">During a meeting with Minister for Labour, Employment and Social Security Sharat Singh Bhandari on Tuesday, the CNI highlighted the negative impact of declining demand on businesses. </span></p> <p><span style="font-size:18px">The leaders of the CNI, including its Chair Bishnu Kumar Agrawal, expressed concern about the lack of confidence among entrepreneurs due to high interest rates, liquidity crunch, and other challenges in the banking system.</span></p> <p><span style="font-size:18px">The delegation of CNI led by its chair Agrawal urged the government to expedite capital expenditures to improve the economy and implement flexible policies that will increase demand and reduce illegal transactions across the border. </span></p> <p><span style="font-size:18px">In response, Minister Bhandari acknowledged problems and assured the business community of the government's commitment to increasing capital expenditure. </span></p> <p><span style="font-size:18px">“The government will address the concerns of the business community by implementing appropriate policies to instill confidence to reinvigorate the economy,” Minister Bhandari assured. </span><br /> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17404', 'image' => '20230426061740_collage.jpg', 'article_date' => '2023-04-26 06:14:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '17669', 'article_category_id' => '1', 'title' => 'CAAN Suspends Entry Pass of Flydubai Country Manager, Station Manager at TIA ', 'sub_title' => '', 'summary' => 'April 25: The Civil Aviation Authority of Nepal (CAAN) has barred the country manager of Flydubai and its station manager from entering the Tribhuwan International Airport (TIA) on charge of spreading false information on bird strike on a Flydubai plane on Monday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 25: The Civil Aviation Authority of Nepal (CAAN) has barred the country manager of Flydubai and its station manager from entering the Tribhuwan International Airport (TIA) on charge of spreading false information on bird strike on a Flydubai plane on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CAAN has suspended their entry pass on charge of spreading false information from Dubai. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Assistant Spokesperson of CAAN, Gyanendra Bhul, said that the two officials of the Flydubai are prevented from entering the TIA until further decision. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on Tuesday, the CAAN said Nepal Country Manager Binod Abrahm and Airport Manager Nar Narayan Pakwan of Flydubai have been barred from entering the airport as the official page of the airlines, without an official conclusion of the authority, stated that the accident occurred due to a bird strike at TIA. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Flydubai plane that took off from TIA on Monday night with 168 passengers on board had reportedly caught a fire in its engine after an explosion in the sky of Koteshwar in Kathmandu. Despite the problem in engine, the aircraft continued its journey towards Dubai stating that the engines were working on normal parameters. </span></span></span></p> ', 'published' => true, 'created' => '2023-04-25', 'modified' => '2023-04-25', 'keywords' => '', 'description' => '', 'sortorder' => '17403', 'image' => '20230425093846_20230424111118_flydubai7378.jpg', 'article_date' => '2023-04-25 21:38:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17668', 'article_category_id' => '1', 'title' => 'Liquidity Situation in Banking System Eases to Some Extent', 'sub_title' => '', 'summary' => 'April 25: Banks have reduced the use of overnight repo and Standing Liquidity Facility (SLF) from Nepal Rastra Bank (NRB) as the liquidity has eased in the banking system.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">April 25: Banks have reduced the use of overnight repo and Standing Liquidity Facility (SLF) from Nepal Rastra Bank (NRB) as the liquidity has eased in the banking system.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the data of the central bank, banks currently have around Rs 250 billion of investable capital. However, due to high interest rates and slowdown in economic activities, loan disbursement has not been enthusiastic.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As of Saturday, banks and financial institutions had a total deposits of Rs 5453 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Although bank deposits have increased, credit flow has remained stable. As of Saturday, the total loan disbursement of banks stood at Rs 4844 billion. As the liquidity has eased to some extent, the credit deposit ratio (CD ratio) of banks have also dropped to 85.38 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the interbank interest rate is 7 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As the liquidity situation started to ease, the banks reduced the interest rate on deposits but kept the interest rate on government bond (Treasury Bills) stable. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The banks, which reduced the interest rate on deposits to single digit, also invested in the government's short-term bond – Treasury Bills – by reducing the interest rate in mid-April. In late April, they kept the interest rate constant.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On Monday, Nepal Rastra Bank (NRB) called for auctioning T-Bills worth Rs 28.6 billion including renewal of T-Bills worth Rs 20 billion and new Treasury Bills worth Rs 8.6 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to NRB, an average interest rate of 8.54 percent has been fixed for 28-day Treasury Bills, 9.61 percent for 91-day Treasury Bills, 9.62 percent for 182-day Treasury Bills and 9.55 percent for 364-day Treasury Bills has been maintained.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Last week, the average interest rate for 28-day Treasury Bills was 8.33 percent, 9.63 percent for 91 days Treasury Bills, 9.65 percent for 182 days Treasury Bills and 9.55 percent for 364 days Treasury Bills.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Treasury bills are short-term bonds used by the government to raise internal debt. Treasury bills are sold to raise short-term funds needed by the government.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-25', 'modified' => '2023-04-25', 'keywords' => '', 'description' => '', 'sortorder' => '17402', 'image' => '20230425045534_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-04-25 16:47:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 27: An exhibition and reception was organized at the British Library in London, UK on 25th April, 2023 to commemorate the 100<sup>th</sup> Anniversary of Nepal-United Kingdom Treaty of Friendship. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The event was jointly hosted by the Foreign, Commonwealth and Development Office of the United Kingdom and the Embassy of Nepal in London, in collaboration with the British Library, the Embassy of Nepal, London said in a press statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Historical documents, manuscripts, photographs, philatelic collection and other historical materials related to Nepal and Nepal-UK relations were put on display during the event. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking on the occasion, Foreign Secretary Bharat Raj Paudyal highlighted the way the 1923 Friendship Treaty provided a foundation for the evolution of Nepal-UK relationship in the past 100 years. The Foreign Secretary stated that these relations today have significantly expanded to development partnership, trade and investment, tourism, diaspora, British Gurkhas and other dimensions of people-to-people linkages as well as cooperation in multilateral forums on agendas of mutual interest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He appreciated the support provided by the British Library in preserving, protecting and digitizing historical manuscripts, photographs, monographs and other valuable materials in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister of State in the Foreign, Commonwealth and Development Office of the United Kingdom, Anne-Marie Trevelyan, speaking about the longstanding relations between the two countries, stated that the United Kingdom would contribute to support Nepal in achieving sustainable economic development and graduation from the status of least developed country, including through priority areas of trade and investment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal’s Ambassador to the United Kingdom, Gyan Chandra Acharya and the Head of Collections at the British Library, Xerxes Mazda also addressed the programme. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17416', 'image' => '20230427104323_100.jpg', 'article_date' => '2023-04-27 10:42:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17682', 'article_category_id' => '1', 'title' => 'Electric Buses to Operate in Lumbini ', 'sub_title' => '', 'summary' => 'April 27: Electric vehicles will come into operation in Lumbini, the birthplace of Buddha, after a long wait.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 27: Electric vehicles will come into operation in Lumbini, the birthplace of Buddha, after a long wait. These vehicles were lying idle under the open sky for more than two years due to the delay in the legal process in acquiring the operation permit and lack of the operation modality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The five electric buses and 14 vans given by donor agencies in grant assistance were sitting idle as the Lumbini Province Government failed to make arrangement for the legal process for operating them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Preparations are afoot to operate these luxury vehicles shortly after the Province Government recently opened the way for the legal process for the same. A meeting of the Provincial Council of Ministers on April 21 decided to give approval for operating these vehicles converting their number plates from white to green. Vehicles with white number plate indicate that they are operated for government offices while those with green number plate are operated for tourism purpose. These vehicles belong to the Lumbini Development Trust. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rastriya Samachar Samiti (RSS), the national news agency, had on March 11 carried news on these vehicles lying unused for over two years due to legal hurdles. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">LDT received these electric vehicles costing Rs 130 million under the Clean Energy Project. The Asian Development Bank (ADB) provided these vehicles as grant assistance. These vehicles were received through the Ministry of Culture, Tourism and Civil Aviation. The Government of Nepal had paid an additional Rs 35 million as customs duty while bringing the vehicles to Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Charging stations have also been constructed in Lumbini at a cost of Rs 139 million for the operation of these vehicles. The tyres of several of these vehicles have gone flat while the batteries too have become dysfunctional for lack of regular charging as these vehicles remained abandoned for a long time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Each of the five buses is of 19 seat capacity while each of the 14 vans is of five seat capacity. The vehicles have automatic doors and are disable-friendly. They were brought for the convenience of tourists in Lumbini and the nearby places related to Buddhism. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">These electric buses and cars were brought to Lumbini on November 24, 2020 with a goal of making Lumbini pollution-free. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17415', 'image' => '20230427124156_Lumbini ma bujeli bus 1 (1).JPG', 'article_date' => '2023-04-27 11:22:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17680', 'article_category_id' => '274', 'title' => 'Collective Efforts Essential to Improve Economy, Says Finance Minister Mahat ', 'sub_title' => '', 'summary' => 'Finance Minister Dr. Prakash Sharan Mahat has emphasized the importance of collective efforts from all sectors and parties to improve the struggling economy. ', 'content' => '<p><br /> <span style="font-size:18px">April 27: Finance Minister Dr. Prakash Sharan Mahat has emphasized the importance of collective efforts from all sectors and parties to improve the struggling economy. </span></p> <p><span style="font-size:18px">During the National Assembly's discussion on a proposal of urgent public importance on economic improvement on Wednesday, Dr Mahat pointed out that the government's efforts alone would not be sufficient to bring about the much-needed economic improvements. </span></p> <p><span style="font-size:18px">Dr Mahat acknowledged that the current economic issues were not solely caused by the incumbent or previous governments, and called for a shared perspective among political parties to revitalize the economy.</span></p> <p><span style="font-size:18px">While acknowledging that the country's economy is facing several challenges, Dr. Mahat reassured that it is not beyond our capacity to manage. Mahat stressed that patience is required to address the issues, which have been accumulating over a long time. </span></p> <p><span style="font-size:18px">Finance Minister admitted that there are structural problems in the economy and noted that social security obligations and recurrent spending are on the rise.The Finance Minister affirmed that the government is committed to resolving the issues with the support of all sides. </span></p> <p><span style="font-size:18px">Minister acknowledged that the problems are not caused by the current or previous governments alone, and that it would take time to find a solution. However, he pledged to work with honesty and utmost efforts for the greater good of the country and its people.</span></p> <p><span style="font-size:18px">Dr. Mahat said that the present economic problem is caused by loose monetary policy during the COVID pandemic, low capital spending due to elections, rising interest rates due to liquidity crunch, low absorbing capacity, and the tendency to spend capital expenditures at the end of the fiscal year.</span></p> <p><span style="font-size:18px">Minister stated that although it may take time, the government is dedicated to making the economy dynamic through collective efforts and reform measures with support from all sides. </span></p> ', 'published' => true, 'created' => '2023-04-27', 'modified' => '2023-04-27', 'keywords' => '', 'description' => '', 'sortorder' => '17414', 'image' => '20230427063049_.prakash sharan mahat.jpg', 'article_date' => '2023-04-27 06:27:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '17679', 'article_category_id' => '1', 'title' => 'Over 400 Granted Permits to Climb Everest ', 'sub_title' => '', 'summary' => 'April 26: More than 400 climbers have received permits for climbing Mount Everest in the spring season.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 26: More than 400 climbers have received permits for climbing Mount Everest in the spring season. The Department of Tourism informed that 463 climbers from 42 groups have been granted the climbing permits so far. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An officer at the mountaineering section of the department, Bigyan Koirala, said that now only two to three Nepalis and some foreigners are in line to get the permission. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The department estimates that some 470 persons would take mountaineering permit this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Those who have already got the permits are already at the Everest Base Camp and Camp II of Everest, the highest peak in the world. The icefall doctors have made a trail for climbing up to Camp IV. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government has so far collected royalties of Rs 737 million by issuing permits to climbers interested in scaling Everest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">---- </span></span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17413', 'image' => '20230426094507_Everest-Summit.jpg', 'article_date' => '2023-04-26 21:43:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17677', 'article_category_id' => '1', 'title' => 'MPs Demand Life Imprisonment for the Corrupt', 'sub_title' => '', 'summary' => 'April 26: Members of Parliament (MPs) have expressed differing views on the Corruption Prevention Bill, 2077 (First Amendment) during a theoretical discussion in parliament.', '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 26: Members of Parliament (MPs) have expressed differing views on the Corruption Prevention Bill, 2077 (First Amendment) during a theoretical discussion in parliament. </span></span></span></span></p> <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"">Lawmakers from the ruling party to the MPs of the main opposition parties protested against bill saying that the government has made an attempt to protect all the corrupt people by setting a statute of limitation of five years instead of providing life imprisonment for the perpetrators of corruption.</span></span></span></span></p> <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"">Chief Whip of CPN (UML) Padam Giri said that the First Amendment to the Prevention of Corruption Bill, 2077 must have a provision to bring the perpetrators of corruption under the scope of law and make them walk with their heads down. He expressed his displeasure that the bill has not have provision to confiscate the property of the corrupt.</span></span></span></span></p> <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"">“They are trying to have a provision that does not allow someone committing corruption of Rs 2 million to Rs 2 billion to stay in jail for more than 14 years,” said Giri, “It should have been life imprisonment.”</span></span></span></span></p> <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"">Ruling Nepali Congress MP Arjun Narsingh KC opposed the provision of 5-year time limit for prosecuting corruption cases as an attempt to protect the corrupt.</span></span></span></span></p> <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"">He said that the five-year limitation for corruption cannot be accepted under any circumstances. </span></span></span></span></p> <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"">“It was brought to save all corrupt people stating that corruption should be dealt with within five years or else they will be free to walk away. This is not possible under any circumstances," MP KC 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:"Nirmala UI","sans-serif"">In section 16 of the anti-corruption bill, it is mentioned that the time limit for prosecuting corruption-related offenses is five years from the date of discovery. </span></span></span></span></p> <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"">Regarding the five-year time limit, it is further written in the same section, “If a civil servant has committed corruption during his tenure in office and if he cannot be prosecuted immediately, regardless of the circumstances of his retirement, the date of his retirement and the fact that he became aware of the corruption after his retirement, the case can be tried within five years from the date when the corruption case is known.”</span></span></span></span></p> <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 no statute of limitations for property embezzlement. It is said in that, “The bill does not have any statute of limitation for prosecuting corruption cases related to misappropriation of property owned or controlled by government or community organizations.”</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17412', 'image' => '20230426042203_20180705115033_Clipboard03.jpg', 'article_date' => '2023-04-26 16:21:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17678', 'article_category_id' => '1', 'title' => 'TVS NTORQ Owner's Group (NOG) Concludes Ride in Mahendranagar', 'sub_title' => '', 'summary' => 'Jagdamba Motors, the authorized distributor of TVS scooters and motorcycles in Nepal, concluded the NOG (NTORQ Owner's Group) ride in Mahendranagar with great success last Saturday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">April 26: Jagdamba Motors, the authorized distributor of TVS scooters and motorcycles in Nepal, concluded the NOG (NTORQ Owner's Group) ride in Mahendranagar with great success last Saturday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ride started from the Mahendranagar showroom of Mahamaya Trade and Suppliers and ended at Dodhara- Atithi Resort.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The event, which saw the participation of around 50 riders, was packed with fun gaming activities, and all the riders were presented with certificates of participation and exciting gifts. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The technical team also provided detailed information on various road safety rules and regulations to be followed during the ride, emphasizing the importance of safe riding practices.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As a leading player in the two-wheeler industry, Jagdamba Motors remains dedicated to providing top-quality products and services to its customers and promoting responsible riding habits.</span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17411', 'image' => '20230426045718_collage (3).jpg', 'article_date' => '2023-04-26 16:55:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '17676', 'article_category_id' => '1', 'title' => 'Import of Electric Vehicles Surges by 66% ', 'sub_title' => '', 'summary' => 'The demand for electric vehicles (EVs) has been rapidly growing in Nepal, with the country importing 2451 vehicles worth NPR 6.84 billion in the first nine months of the current fiscal year. ', 'content' => '<p><br /> <span style="font-size:18px">April 26: The demand for electric vehicles (EVs) has been rapidly growing in Nepal, with the country importing 2451 vehicles worth NPR 6.84 billion in the first nine months of the current fiscal year. </span></p> <p><span style="font-size:18px">This represents a 66% increase in EV imports from the same period last year, as per the data available at the Department of Customs. In the same period of the previous fiscal year, Nepal imported 1,473 EVs worth NPR 4.29 billion.</span></p> <p><span style="font-size:18px">Nepal sources its EVs primarily from China, India, Indonesia, South Korea, and the United States. Of these countries, India and China dominate the market share for EV imports.</span></p> <p><span style="font-size:18px">Nepal imported 1,755 EVs worth NPR 4.71 billion from India and 429 EVs worth NPR 1.8 billion from China in the last nine months.</span></p> <p><span style="font-size:18px">The rise in EV imports has also contributed to government revenues, with the import of 2,451 vehicles in the last nine months generating NPR 1.90 billion in revenue. </span></p> <p><span style="font-size:18px">This trend is expected to continue as more consumers turn to electric vehicles as an eco-friendly and cost-effective transportation option.</span><br /> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17410', 'image' => '20230426040913_collage (1).jpg', 'article_date' => '2023-04-26 16:07:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '17674', 'article_category_id' => '1', 'title' => 'Manang Folks Set Out for Highlands to Collect Yarsa ', 'sub_title' => '', 'summary' => 'April 26: Residents of Manang district have ascended toward the highlands to collect yarsagumba (Ophiocordyceps sinesis), a prized herb known for its aphrodisiac property, with the onset of the yarsa picking season. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 26: Residents of Manang district have ascended toward the highlands to collect yarsagumba (Ophiocordyceps sinesis), a prized herb known for its aphrodisiac property, with the onset of the yarsa picking season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Generally, the yarsa picking season begins from May and it will continue till the third week of June. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Locals have set out for Namke Kharka, Khangsarkharka and Narphukharka in the Upper Manang to collect the valuable medicinal herbs. Their main source of income of people of this region is agriculture and medicinal herbs. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"We are heading to the highlands to collect yarsa as this season is favourable for the collecting the herb," said Jag Bahadur Gurung of Chame Rural Municipality-4. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They obtain permission for collecting yarsa from the Annapurna Conservation Area Project (ACAAP) unit office in Manang. Collection of herbs is considered as one of the major sources of income of Manang folks. People from outside the district also arrive here for the collection of yarsa. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief District Officer Suprabha Khanal Dhungel said necessary arrangements have been made for the security of yarsa collectors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The collection has begun from the Namke alpine area and it is permitted in Narfu and Khangsar of Upper Manang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is compulsory for the yarsa and other herbs collectors and suppliers from outside the district to have COVID-19 vaccination card. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17409', 'image' => '20230426015900_featured.jpg', 'article_date' => '2023-04-26 13:57:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17675', 'article_category_id' => '1', 'title' => 'Controversy Surrounding Application of Himalayan Stock Exchange for License', 'sub_title' => '', 'summary' => 'April 26: A dispute has arisen regarding one of the three companies that applied for the license of a new stock exchange platform.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">April 26: A dispute has arisen regarding one of the three companies that applied for the license of a new stock exchange platform. Himalayan Stock Exchange, National Stock Exchange of Nepal and Annapurna Stock Exchange Limited have submitted applications to SEBON for the license of the new stock exchange.</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 dispute is related to the Himalayan Stock Exchange, which had applied for the license with the board. Ramesh Kumar Bhattarai, chief executive officer of Mahalakshmi Life Insurance Limited, has claimed that they have already registered an application for a license in the year 2066 in the name of Himalayan Stock Exchange Limited.</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 has said that on 15th Mangisr 2066, 17 companies together applied for a license with all the necessary documents in the name of Himalayan Stock Exchange Limited. Bhattarai questioned that “How can a new application with the same name be accepted without finalizing the application given with a deposit of Rs 25,000?”</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 board has been facing various controversies regarding the new license since the early days. It seems that the board which proceeded with the process after two petitions filed against the new license distribution process were rejected by the Supreme Court, should also answer Bhattarai's question.</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"">Tej Prasad Devkota, information officer of the board, said that according to the provisions of the law, the board has received applications from three companies and only one of them will get a license. </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 Devkota, there will be no error in the process as the board will give a stock exchange license to only one of the three companies.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Regarding the allegation that the board took another application with the same name, he clarified that the matter will be investigated.</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"">Devkota said that there will be an investigation into whether the previously registered companies are operational or not according to the law and whether they are in a position to accept the application in the future.</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"">Mahalakshmi Finance, Vibor Society Development Bank Limited, Asian Life Insurance, Guheshwari Merchant Banking & Finance, NLG Insurance, Janata Bank, Citizens Bank International, Central Finance, Premier Insurance, Sagarmatha Insurance, Lalitpur Finance, Mahalakshmi had submitted a joint application as Himalayan Stock Exchange Limited for the new stock exchange license in 2066. </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 new Himalayan Stock Exchange, which recently applied for the license with the board, has investments from Shankar Group, Deepak Bhatt, former president of FNCCI Pashupati Murarka, Bhawani Rana, outgoing president Shekhar Golcha, Rajendra Khetan, Saurabh Jyoti and others.</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 board revised the Securities Market Operation Regulations, 2064 last year for the distribution of new stock exchange licenses. According to the new provision, the organized institutions registered following the prevailing law to operate the securities market must submit an application within six months from the date of registration.</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"">There is a provision that the paid-up capital of the new stock exchange should be at least Rs 3 billion. The company must issue 30 per cent shares of the issued capital to the general public within two years of conducting the business with the approval of the board. </span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17408', 'image' => '20230426032324_Sebonnn.jpg', 'article_date' => '2023-04-26 15:22:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17673', 'article_category_id' => '1', 'title' => 'Reduction in Budget Ceiling Forces Government to Put Off New Plans', 'sub_title' => '', 'summary' => 'April 26: The government must mandatorily publish the budget for the upcoming fiscal year (FY 2023/24) within one month from now.', '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 26: The government must mandatorily publish the budget for the upcoming fiscal year (FY 2023/24) within one month from now.</span></span></span></span></p> <p><span style="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 National Planning Commission (NPC) has lowered ceiling for the budget of upcoming fiscal year compared to the current fiscal year. With the reduction in the budget ceiling of the ministries involved in development activities, these ministries have now started to change the priorities in their plans and programs for the upcoming year.</span></span></span></span></p> <p><span style="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 budget ceiling of the Ministry of Physical, Infrastructure and Transport, Ministry of Energy, Water Resources and Irrigation, Ministry of Urban Development, Ministry of Drinking Water and Sanitation and Ministry of Culture, Tourism and Civil Aviation has been lowered for the upcoming year. </span></span></span></span></p> <p><span style="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 NPC has significantly reduced the budget of the Ministry of Physical Infrastructure and Transport, which has the highest budget allocation in the current fiscal year. The budget of this ministry in the current fiscal year is Rs 167 billion. However, the NPC has slashed Rs 54 billion and set a ceiling of Rs 113 billion for this ministry for the coming year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Minister Prakash Jwala said that the significant reduction in the budget ceiling of the Ministry of Physical Infrastructure and Transport, which has the highest among all the ministries, will pose a challenge for development works. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"If the ceiling is set lower than the current one, the passion and enthusiasm to work will be reduced," he said. However, the minister said that he will make the best use of the available budget. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On the other hand, the officials of the ministries that look after water resources, roads, urban development and infrastructure have said that they will amend the existing program and will not push for new plans.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Ministry of Energy, Water Resources and Irrigation, which received a third of its budget compared to the current FY, has plans for immediate completion of the ongoing works.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Krishna Nepal, joint secretary of the ministry, informed that the NPC has set a budget ceiling of Rs 28 billion for the ministry. In the current year, this ministry has received a budget of Rs 42 billion. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Multi-year projects currently under construction and programs of low importance have not been prioritized because they do not bring immediate returns," said Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, Urban Development Ministry’s Information Officer Suresh Kumar Wagle said that the ceiling has been reduced by Rs 4.22 billion compared to the current year. He said that some changes have been made in the priorities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"No new programs will be added for the coming year," said Wagle.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Teknarayan Paudel, joint-spokesperson of the Ministry of Culture, Tourism and Civil Aviation, said that the budget ceiling has decreased by 40 percent compared to this year. He said that there will be a problem in continuing the work done this year because the budget has decreased. </span></span></span></span></p> <p><span style="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 ceiling of the Ministry of Water Supply has also decreased. In the current year, this ministry has received a budget of Rs 20.21 billion while the ceiling for the next year has been set at Rs 15 billion, the ministry said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The NPC has set a total budget ceiling of Rs 1688.4 billion for the upcoming fiscal year. The total budget announced of the current fiscal year was Rs 1793 billion which was later downsized to Rs 1549.99 billion. The ceiling for the coming year is higher than the revised budget.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Meanwhile, an official of the NPC said that due to the increase in the interest rate of internal debt, the budget of the development projects has been reduced as there is no situation to take new 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"">To make up for the deficit budget, the government has already taken internal loans of around Rs 250 billion. </span></span></span></span></p> <p><span style="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 official said that the budget ceiling had to be reduced due to the pressure on revenue collection and the increase in government’s current expenditure.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17407', 'image' => '20230426122315_Budget.jpg', 'article_date' => '2023-04-26 12:20:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17672', 'article_category_id' => '1', 'title' => 'Tourism Business Back on Track in Helambu ', 'sub_title' => '', 'summary' => 'April 26: The tourism business in Helambu which was hard-hit by the devastating earthquakes of 2015 and the COVID-19 pandemic after that has made a rebound in recent months. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 26: The tourism business in Helambu which was hard-hit by the devastating earthquakes of 2015 and the COVID-19 pandemic after that has made a rebound in recent months. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The number of both domestic and foreign tourists coming to this picturesque mountain settlement has gone up after the reconstruction of people's homes, monasteries, hotels, home stay facilities and tourism infrastructures. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Helambu, with its typical Hyolmo settlements, the white chortens and colourful strings of prayer flags and festoons, is a popular trekking destination in Sindhupalchok district and is close to the federal capital. It offers a wonderful close-up view of the Himalayan mountains and exotic flora and fauna. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bipul Shakya of Jawalakhel, Lalitpur, says he is fascinated by the natural beauty of Helambu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I was enthralled by the natural vista of this place. The chortens, and the colourful prayer flags and festoons that dot the route leading to Helambu are a pleasant sight. Add to this, the local tradition of welcoming the guests at the home stay in Shermathang. It's been a sheer enthralling experience for me," shared Shakya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rabin Maharjan, who arrived in Helambu along with Shakya, also echoed him in describing how he was enticed by the beauty of Helambu. Moreover, for Maharjan, the local agriculture and apple orchards in Helambu are exemplary. He was all praises for the architectural design of the houses depicting the Hyolmo culture. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Annually, around 36,000 tourists used to trek around this area before the earthquake. They took the Helambu trekking route to Aama Yangri and the Melamchi Ghyang monastery. The inflow of trekkers has gradually increased in recent months and 40-50 domestic and foreign tourists have been coming to Helambu daily. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"More than 10 foreign tourists come for trekking purpose on a daily basis. Their goal is to trek up to the higher reaches of Helambu," said Nima Gyaljen Sherpa, the chairperson of Helambu Rural Municipality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Tarke Ghyang, the Guru Rinpochhe cave, Chiri Gumba (monastery), Melamchi Ghyang, Mahadev Paila are the tourism destinations here. Aama Yangri, which lies at an altitude of 3,770 metres from the sea level, is the first choice among the tourism destinations. It is four hours' uphill trek to Aama Yangri from the nearest road. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">One can take this trekking route up to Gosainkunda from Helambu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sherpa, the rural municipality chairman, said two trekking trails are under construction for reaching the Simsisang mountain and Ganjala pass-Langtang area. At the same time, a dozen trekking routes are being repaired and improved. These include the Sundarijal-Kuntungsang trail, the Ghopteghyang-Melamchighyang route, the Timbu-Melamchighyang, the Palchok-Kakani, the Nigale-Kakani, the Shermathang-Palchok Bhagawati and the Nindeshwari Mahakal- Aama Yangri trekking trails, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotels in Kiul and Helambu have been getting a good number of guests and business. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17406', 'image' => '20230426111432_Helambu-.jpg', 'article_date' => '2023-04-26 11:13:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17671', 'article_category_id' => '1', 'title' => 'JSP Chairman Yadav Elected HoR Member from Bara-2 ', 'sub_title' => '', 'summary' => 'April 26: Janata Samajbadi Party (JSP) Chair Upendra Yadav has been elected as a Member of the House of Representatives (HoR) from Bara district electoral constituency-2. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 26: Janata Samajbadi Party (JSP) Chair Upendra Yadav has been elected as a Member of the House of Representatives (HoR) from Bara district electoral constituency-2. As per the final vote count results announced on Tuesday night, Yadav bagged 28, 415 votes and was elected to the lower house of the Federal Parliament. His closest contender Shiva Chandra Kushwaha of Janamat Party garnered 23,334 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, CPN (UML) candidate Purushottam Poudel received 10,216 votes while Ramesh Kharel of Rastriya Swatantra Party got 2,829 votes, Arun Kumar Gyawali of the Aam Janata Party 2,738 votes, Sonalal Saha of Rastriya Prajatantra Party 119 votes, Kamarullah Ansari of Nagarik Unmukti Party 109 votes and Mukti Yadav of Nepal Workers and Peasants Party 60 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A total of 68,887 voters had cast their votes in the by-election held in Bara-2 constituency last Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the general election held on November 20 last year, Yadav was defeated by Dr CK Raut, chairman of Janamat Party, in Saptari electoral constituency-2. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The HoR seat from Bara constituency 2 had fallen vacant after Ram Sahay Prasad Yadav of JSP, who was elected from this constituency, was elected to the post of Vice President, necessitating the by-election. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Chief Returning Officer of Bara handed over the election certificate to the JSP Chair Yadav on Tuesday night. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17405', 'image' => '20230426103208_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2023-04-26 10:28:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17670', 'article_category_id' => '1', 'title' => 'Restore Confidence to Improve Economy: (CNI) ', 'sub_title' => '', 'summary' => 'The Confederation of Nepalese Industries (CNI) has emphasized the need to restore confidence in the industrial and business sectors to stimulate economic growth. ', 'content' => '<p><span style="font-size:18px">April 26: The Confederation of Nepalese Industries (CNI) has emphasized the need to restore confidence in the industrial and business sectors to stimulate economic growth. </span></p> <p><span style="font-size:18px">During a meeting with Minister for Labour, Employment and Social Security Sharat Singh Bhandari on Tuesday, the CNI highlighted the negative impact of declining demand on businesses. </span></p> <p><span style="font-size:18px">The leaders of the CNI, including its Chair Bishnu Kumar Agrawal, expressed concern about the lack of confidence among entrepreneurs due to high interest rates, liquidity crunch, and other challenges in the banking system.</span></p> <p><span style="font-size:18px">The delegation of CNI led by its chair Agrawal urged the government to expedite capital expenditures to improve the economy and implement flexible policies that will increase demand and reduce illegal transactions across the border. </span></p> <p><span style="font-size:18px">In response, Minister Bhandari acknowledged problems and assured the business community of the government's commitment to increasing capital expenditure. </span></p> <p><span style="font-size:18px">“The government will address the concerns of the business community by implementing appropriate policies to instill confidence to reinvigorate the economy,” Minister Bhandari assured. </span><br /> </p> ', 'published' => true, 'created' => '2023-04-26', 'modified' => '2023-04-26', 'keywords' => '', 'description' => '', 'sortorder' => '17404', 'image' => '20230426061740_collage.jpg', 'article_date' => '2023-04-26 06:14:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '17669', 'article_category_id' => '1', 'title' => 'CAAN Suspends Entry Pass of Flydubai Country Manager, Station Manager at TIA ', 'sub_title' => '', 'summary' => 'April 25: The Civil Aviation Authority of Nepal (CAAN) has barred the country manager of Flydubai and its station manager from entering the Tribhuwan International Airport (TIA) on charge of spreading false information on bird strike on a Flydubai plane on Monday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 25: The Civil Aviation Authority of Nepal (CAAN) has barred the country manager of Flydubai and its station manager from entering the Tribhuwan International Airport (TIA) on charge of spreading false information on bird strike on a Flydubai plane on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CAAN has suspended their entry pass on charge of spreading false information from Dubai. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Assistant Spokesperson of CAAN, Gyanendra Bhul, said that the two officials of the Flydubai are prevented from entering the TIA until further decision. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on Tuesday, the CAAN said Nepal Country Manager Binod Abrahm and Airport Manager Nar Narayan Pakwan of Flydubai have been barred from entering the airport as the official page of the airlines, without an official conclusion of the authority, stated that the accident occurred due to a bird strike at TIA. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Flydubai plane that took off from TIA on Monday night with 168 passengers on board had reportedly caught a fire in its engine after an explosion in the sky of Koteshwar in Kathmandu. Despite the problem in engine, the aircraft continued its journey towards Dubai stating that the engines were working on normal parameters. </span></span></span></p> ', 'published' => true, 'created' => '2023-04-25', 'modified' => '2023-04-25', 'keywords' => '', 'description' => '', 'sortorder' => '17403', 'image' => '20230425093846_20230424111118_flydubai7378.jpg', 'article_date' => '2023-04-25 21:38:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17668', 'article_category_id' => '1', 'title' => 'Liquidity Situation in Banking System Eases to Some Extent', 'sub_title' => '', 'summary' => 'April 25: Banks have reduced the use of overnight repo and Standing Liquidity Facility (SLF) from Nepal Rastra Bank (NRB) as the liquidity has eased in the banking system.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">April 25: Banks have reduced the use of overnight repo and Standing Liquidity Facility (SLF) from Nepal Rastra Bank (NRB) as the liquidity has eased in the banking system.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the data of the central bank, banks currently have around Rs 250 billion of investable capital. However, due to high interest rates and slowdown in economic activities, loan disbursement has not been enthusiastic.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As of Saturday, banks and financial institutions had a total deposits of Rs 5453 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Although bank deposits have increased, credit flow has remained stable. As of Saturday, the total loan disbursement of banks stood at Rs 4844 billion. As the liquidity has eased to some extent, the credit deposit ratio (CD ratio) of banks have also dropped to 85.38 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the interbank interest rate is 7 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As the liquidity situation started to ease, the banks reduced the interest rate on deposits but kept the interest rate on government bond (Treasury Bills) stable. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The banks, which reduced the interest rate on deposits to single digit, also invested in the government's short-term bond – Treasury Bills – by reducing the interest rate in mid-April. In late April, they kept the interest rate constant.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On Monday, Nepal Rastra Bank (NRB) called for auctioning T-Bills worth Rs 28.6 billion including renewal of T-Bills worth Rs 20 billion and new Treasury Bills worth Rs 8.6 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to NRB, an average interest rate of 8.54 percent has been fixed for 28-day Treasury Bills, 9.61 percent for 91-day Treasury Bills, 9.62 percent for 182-day Treasury Bills and 9.55 percent for 364-day Treasury Bills has been maintained.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Last week, the average interest rate for 28-day Treasury Bills was 8.33 percent, 9.63 percent for 91 days Treasury Bills, 9.65 percent for 182 days Treasury Bills and 9.55 percent for 364 days Treasury Bills.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Treasury bills are short-term bonds used by the government to raise internal debt. Treasury bills are sold to raise short-term funds needed by the government.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-25', 'modified' => '2023-04-25', 'keywords' => '', 'description' => '', 'sortorder' => '17402', 'image' => '20230425045534_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-04-25 16:47:13', '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
