April 10: The number of policyholders surrendering their insurance policies is on a rise in…
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April 10: The number of policyholders surrendering their insurance policies is on a rise in…
April 10: Vice Chairman of National Planning Commission (NPC) Dr. Min Bahadur Shrestha has revealed that the economy has come to a standstill because of the government’s delay releasing payment of large amount of money to the…
April 10: The Department of National ID and Civil Registration has come up with a new circular for issuing a birth certificate to a non-marital child.…
Department of Railways has changed a track design(alignment) once again at Bara’s Nijgadh along the East-West…
The Ministry of Culture, Tourism and Civil Aviation has decided to terminate the appointment of all tourism goodwill…
April 9: The Himalayan Rescue Association (HRA) has mobilized mobile teams of medics at three locations, to assist trekkers in remote mountain…
April 9: As exciting as the world of Nepali cricket is, its economy is much more depressing than…
April 9: The Ministry of Finance has asked for suggestions for the budget of the upcoming fiscal year (FY…
April 9: The impact of the recession on the market has been clearly seen in the import of goods from Birgunj Customs, the largest dry port of Nepal in terms of import and export volume.…
April 9: Saakha Group, which has been engaged in the business of steel, housing, painting and others, has entered into commercial production of compost fertilizer as…
April 9: Kathmandu Metropolitan City (KMC)’s Mayor Balen Shah made critical comments on the leaders of political parties on social…
April 9: The Ministry of Labour, Employment and Social Security (MOLESS) has urged one and all not to rely on middlemen to get financial assistance through the Foreign Employment Board…
April 9: The Third National Cooperative Congress concluded on Saturday by issuing an 11-point declaration with emphasis on production, procession and marketing to contribute in the making of a self-reliant…
As many as 3,327 Nepali youths fly to foreign countries for jobs formally on a daily basis lately. A total of 99,839 Nepali youths took the labour permits and left the country in the month of Falgun 2079, 23.29 up from same period in 2078, according to the Department of Foreign…
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Two cases were filed at the Supreme Court saying that the regulations amended by the board were not in accordance with the rules. Advocate Deepak Bikram Mishra filed a petition in the Supreme Court on October 17 and Advocate Amrit Kharel on November 2 demanding the cancellation of the new license distribution process.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The writ filed by advocate Amrit Kharel was dismissed on December 28 last year. A full bench of SC justices Hari Krishna Karki, Ishwar Prasad Khatiwada, Dr Anand Mohan Bhattarai, Anil Kumar Sinha and Sapna Pradhan Malla had dismissed the petition.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">With the aim of making the securities market more competitive, the Board implemented the Second Amendment to the Securities Market Operation Regulations, 2064 and the Fourth Amendment to the Securities Dealers (Securities Brokers and Securities Dealers) Regulations, 2064.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">After the implementation of the revised regulations, the board opened the application for distribution of new licenses on September 18. After the writ petition was filed, the board suspended the license distribution process from November 1.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif""> The board has already received 45 applications for new broker’s license.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Based on the capital structure, the board collected applications for the distribution of three types of broker licenses. However, the board suspended the process on November 1, the last day of collecting applications for licenses of one new stock exchange and two commodity exchange ompanies following the court order.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17241', 'image' => '20230410025857_Supreme Court.jpg', 'article_date' => '2023-04-10 14:57:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17505', 'article_category_id' => '1', 'title' => 'Policyholders Surrendering Life Insurance Policy on the Rise', 'sub_title' => '', 'summary' => 'April 10: The number of policyholders surrendering their insurance policies is on a rise in Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">April 10: The number of policyholders surrendering their insurance policies is on a rise in Nepal. Due to the increase in the number of policy surrenders, the life insurance companies had to refund nearly Rs 9 billion in insurance fees in just eight months of the current fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the Nepal Insurance Authority, the insurance companies have returned more than Rs 5.85 billion from mid-July to mid-March of the current fiscal year after the insured surrendered their policy.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As per the authority, the highest number of policies was surrendered from mid-July to mid-August, withdrawing more than Rs 1.51 billion from the insurance companies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Similarly, from mid-February to mid-March, insurance companies returned more than Rs 1 billion in insurance fee through policy surrender of 8,939 policies, according to the data released by the authority. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During the review period, the highest amount of insurance fee was returned by Nepal Life Insurance Company worth Rs 342 million. In the second place, it is Life Insurance Corporation (Nepal) Limited returned Rs 157.3 million. In the third place was National Insurance Institute, which returned Rs 144.1 million due to surrender of insurance fee.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Suresh Prasad Khatri, Chief Executive Officer of National Life Insurance Company, says that policy surrender has increased now than in the past due to the direct impact of economic slowdown, affecting insurance business as well.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“Most of the insured had deposited money in the cooperatives and paid the insurance fee with the interest. However, due to the collapse of the cooperatives, the way to pay the insurance fee of the insured has been closed,” said Khatri, adding, “Business as well has halted currently, closing the door for insured to pay the insurance fees. Many insured people were forced to surrender their policy due to not being able to pay the insurance fee.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance is done by people only after fulfilling their other basic requirements. At present, as the source of income has stopped, many people are struggling to meet their basic needs. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17240', 'image' => '20230410013744_Insurance.jpg', 'article_date' => '2023-04-10 13:37:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17504', 'article_category_id' => '1', 'title' => 'Construction Industry Suffering due to Delay in Payment of Large Amount', 'sub_title' => '', 'summary' => 'April 10: Vice Chairman of National Planning Commission (NPC) Dr. Min Bahadur Shrestha has revealed that the economy has come to a standstill because of the government’s delay releasing payment of large amount of money to the builders.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">April 10: Vice Chairman of National Planning Commission (NPC) Dr. Min Bahadur Shrestha has revealed that the economy has come to a standstill because of the government’s delay releasing payment of large amount of money to the builders. He added that the government is positive about the payment of money to the construction entrepreneurs though.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During a meeting with representatives of the Federation of Contractor’s Association of Nepal (FCAN) on Sunday, Shrestha said that there are many problems in the construction industry. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He noted that builders are suffering from problems such as difficulty in acquiring land, lack of budget and construction materials, and community resistance. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“As an umbrella organization, the federation can make construction professionals more responsible and the personal role should be made more effective,” Shrestha said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During the meeting, FCAN President Ravi Singh apprised NPC Vice Chair Shrestha about the existing problems of the construction industry and the solutions. He said that the construction industry could not become professional because of the government's working style. Singh said that the practice of inviting tenders without managing the budget is wrong and mentioned that the practice of not being able to use the resources of the country should be ended.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">FCAN also demanded that the businessmen should receive 20 percent mobilization deposit as per the Public Procurement Act. Meanwhile, FCAN mentioned that the businessmen who were hit hard by the inflation in recent times did not get any relief. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">FCAN also emphasized that the National Planning Commission should work boldly without bowing to pressure from anyone while drawing attention to the issues that should be included in the upcoming budget for the development of the construction industry.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17239', 'image' => '20230410120236_fcann.jpg', 'article_date' => '2023-04-10 12:01:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17503', 'article_category_id' => '1', 'title' => 'Department of Civil Registration Revises Provision about Non-Marital Child ', 'sub_title' => '', 'summary' => 'April 10: The Department of National ID and Civil Registration has come up with a new circular for issuing a birth certificate to a non-marital child. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 10: The Department of National ID and Civil Registration has come up with a new circular for issuing a birth certificate to a non-marital child. The fresh circular mandates the authorities concerned to record the birth details of a child born to a single mother and whose paternal lineage remains unidentified in mother's surname along with her address. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, on April 5, the department added a new provision targeting a non-marital child with unidentified paternal lineage. The circular was for issuing birth certificate to such child with the surname of his/her maternal family. The circular received widespread criticism, citing it a case of gender-based discrimination against women as it disapproved the independent identity of a woman in case the father of the child gets identified. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General of the department Rudra Prasad Pundit said the provision was revised following the public concerns over the previous circular. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the clause requiring cancellation of the birth registration issued under this category and the issuance of a new certificate with the address of the father if the identity of the child's father is ascertained was also revised. Now in such situation, the new birth certificate shall be issued with the father's surname or mother's or of both. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17238', 'image' => '20230410102255_Rastriya-Parichayapatra-and-Panjikaran-Bibhag.jpg', 'article_date' => '2023-04-10 10:21:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17502', 'article_category_id' => '1', 'title' => 'Department of Railways Changes Alignment at Nijgadh Section of East-West Railways ', 'sub_title' => '', 'summary' => 'Department of Railways has changed a track design(alignment) once again at Bara’s Nijgadh along the East-West Railways.', 'content' => '<p><span style="font-size:20px"> <br /> April 10: Department of Railways has changed a track design(alignment) once again at Bara’s Nijgadh along the East-West Railways.</span></p> <p><span style="font-size:20px">Officials at the Department of Railways said that talks between stakeholders of Nijgadh Municipality and the department had changed the track design(alignment) along the Nijgadh section for the second time. </span></p> <p><span style="font-size:20px">Engineer Sumod Pokhrel at the department said that alignment was changed for the second time to build station of East-west railways and Kathmandu-Birgunj railways to be constructed by India at the same place. </span></p> <p><span style="font-size:20px">Earlier, the track design was prepared from the east banks of Bakaiya khola at Nijgadh. As per the new track design, railway’s alignment will pass through forest area across Bakaiya khola at Nijgadh-10. </span></p> <p><span style="font-size:20px">Nepal government has initiated the work of 925 kilometers long railways from Kakarvitta in the east to Kanchnapur’s Gaddachauki in the west. </span></p> <p><span style="font-size:20px">The work to open the track from Bardibash to Nijgadh is underway. Locals have been disputing over the issue of alignment at Nijgadh area.</span></p> <p><span style="font-size:20px">The department has been changing the alignment to allay concerns of the local people at Nijgadh.<br /> Locals say that the changed alignment will destroy the forest and Chure hill will be adversely affected.</span></p> <p><span style="font-size:20px">Earlier, alignment was changed due to locals’ protest. Locals had formed a Railway Victim Concern Committee and protested saying that the alignment would destroy dense forest.</span></p> <p><span style="font-size:20px">Railway department had agreed for the alignment to pass through the banks of Bakaiya Khola to address the concerns of local people.</span></p> <p><span style="font-size:20px">Then, locals had submitted a memorandum of understanding to various agencies including the Office of Prime Minister. They had staged protest at various places, disrupting the survey work. It takes 50-meter breadth of geography for the railway. </span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17237', 'image' => '20230410072821_collage (67).jpg', 'article_date' => '2023-04-10 07:25:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '17501', 'article_category_id' => '1', 'title' => 'Appointment of All Tourism Goodwill Ambassadors Scrapped ', 'sub_title' => '', 'summary' => 'The Ministry of Culture, Tourism and Civil Aviation has decided to terminate the appointment of all tourism goodwill ambassadors.', 'content' => '<p><br /> <span style="font-size:20px">April 10: The Ministry of Culture, Tourism and Civil Aviation has decided to terminate the appointment of all tourism goodwill ambassadors.</span></p> <p><span style="font-size:20px">All appointments for the posts of tourism ambassadors are scrapped from the tourism minister-level decision, said Minister for Culture, Tourism and Civil Aviation Sudan Kirati. </span></p> <p><span style="font-size:20px">With the approval of Tourism Promotion Procedures 2079 BS, all the sitting goodwill ambassadors have been terminated, said Minister Kirati.</span></p> <p><span style="font-size:20px">However, the new procedures have opened the avenues for their reappointment after fulfilling the processes. Earlier, tourism goodwill ambassadors were appointed prior to the enactment of the procedures. </span></p> <p><span style="font-size:20px">The Ministry has also replaced the term 'goodwill ambassadors' with the 'tourism promoters'. Likewise, the Ministry has decided to write to the Ministry of Foreign Affairs for making initiatives to make flights to different cities of India from Nepalgunj Airport ----RSS </span><br /> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17236', 'image' => '20230410063011_collage (66).jpg', 'article_date' => '2023-04-10 06:28:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '17500', 'article_category_id' => '1', 'title' => 'HRA Mobilizes Medical Teams to Assist Trekkers', 'sub_title' => '', 'summary' => 'April 9: The Himalayan Rescue Association (HRA) has mobilized mobile teams of medics at three locations, to assist trekkers in remote mountain areas. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">April 9: The Himalayan Rescue Association (HRA) has mobilized mobile teams of medics at three locations, to assist trekkers in remote mountain areas. </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 medical squads have been deployed at the Everest Base Camp and Feriche in Solukhumbu, and Manang village of Manang district. </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 the Chief Executive Officer of the association, Govinda Basyal, a team comprising one foreign doctor and two Nepalis has been sent to the Everest Base Camp while two foreigners and one Nepali doctors have been sent to Feriche. Likewise, a squad of two foreign doctors and one Nepali doctor has been sent to Manang. The medical teams are accompanied by the association's employees. </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 association is a voluntary non-profit organization formed in 1973 with an objective to reduce casualties in the Himalayas of Nepal, especially in view of the increasing number of Nepalese and foreigners who trek up into the remote wilderness. -- RSS</span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17235', 'image' => '20230409062016_20210428112643_20210219104343_20201108030120_Contribution of Mountains to the Tourism Economy_1.jpg', 'article_date' => '2023-04-09 18:18:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17499', 'article_category_id' => '1', 'title' => 'Government Eager to Give Prizes to Winners but not Interested in Infrastructure Development', 'sub_title' => '', 'summary' => 'April 9: As exciting as the world of Nepali cricket is, its economy is much more depressing than that.', '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"">Bijay Damase</span></span></span></span></p> <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 9: As exciting as the world of Nepali cricket is, its economy is much more depressing than that. When the Nepalese team wins the title of any international competition, the whole nation feels proud about it. At other times, neither the state nor anyone else cares about the players and sports infrastructure. The result of this is the exodus of players.</span></span></span></span></p> <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"">What shall the players expect in a country that doesn't even have a decent playing ground? The sports infrastructure in Nepal is insufficient and the salary of the players is also nominal. Neither the player nor the sports fan is satisfied with this.</span></span></span></span></p> <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"">Even though the government formed the Ministry of Sports to look after the sports sector, it has not done anything other than honoring the best players. The government has been giving a small budget based on the progress of the game while the Nepal Cricket Association (CAN) is providing salary and stipends to the national players with the support from the International Cricket Council (ICC) and the Asian Cricket Council (ACC).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The government does not provide financial support to conduct sports competitions. The state only supports organization the Prime Minister's Cup tournament. Last year, the budget for the Prime Minister's Cup was Rs 6 million. This year it has been reduced to Rs 4 million. CAN officials say that their cost is around Rs 20 million.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The entire sports sector is reeling under financial crisis. CAN president Chatur Bahadur Chand says that sports sponsorship has started to decrease due to financial problems faced by the private sector. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The ICC gives CAN US$1.3 million annually. CAN has been managing the expenses of the coaches to the national tournament from that money in addition to other sponsorships.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The salary of male players under central contract has been increased by Rs 10,000 per month. Before the increase, A grade players used to get Rs 50,000, B grade Rs 40,000 and C grade Rs 30,000 per month. Now A grade male players are getting Rs 60,000, while that of B grade players is Rs 50,000 and Rs 40,000 for C grade. The new salary scale was implemented from last year. Similarly, CAN has increased Rs 5,000 per month for C grade and 6,000 for A and B grade players. Earlier, female players of C grade used to get Rs 10,000, B grade Rs 12,000 and A grade Rs 15,000 per month.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the 2022 Central Player Agreement of CAN, the A Grade players in men’s category include Sandeep Lamichhane, Gyanendra Malla, Dipendra Singh Airee, Sompal Kami and Karan KC. Similarly, Kushal Bhurtel, Aasif Sheikh, Sharad Vesawkar, Aarif Sheikh, Avhinash Bohra, Binod Bhandari fall in B grade. Grade C players include Kushal Malla, Rohit Kumar Paudel, Kamal Singh Airee, Bikram Sob, Sahab Alam, Sushan Bhari and Pawan Sarraff.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In the women's side, the Grade A players include Rubina Chhetri Belbase, Sita Ranamagar, Indu Berma, Kajal Shrestha and Karuna Bhandari. Grade B players include Sarita Magar, Kabita Kunwar, Apsari Begum, Saraswati Chaudhary, Sabnam Rai and Jyoti Pandey.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The Grade C players are Dolly Bhatt, Kabita Joshi, Sangeeta Rai, Roma Thapa, Asmina Karmacharya, Mamta Chaudhary and Bindu Rawal. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">"The amount given by the ICC is spent on players, coaches, CAN staff, competitions and awards to the winners," Chand said, "Most of the amount is spent on closed-camp trainings." </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The Asian Cup qualifiers require 60-day camp. One player’s daily expense for staying in a hotel during the closed-camp training is Rs 3,500 to Rs 4,000. CAN spends Rs 100,000 per day for such players for food and accommodation. It means that Rs 6 million will be spent in 60 days. This expense is neither borne by the government nor the ICC. Chand says that CAN itself has to raise this amount by taking loans. According to him, players get USD 50 allowance per day while playing ICC and ACC-level tournaments. They get other additional facilities including food and accommodation and additional incentive money from the CAN.</span></span></span></span></p> <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"">Apart from ICC, CAN's other source is money raised from sponsors and spectators. </span></span></span></span></p> <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"">CAN President Chand says that there is not much sponsorship in sports competitions from government organizations and the private sector. "We have submitted several proposals for sponsorship to Nepal Telecom and Electricity Authority, but there was no response," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Although it is everyone's responsibility to elevate cricket, it is being neglected by the government institutions. </span></span></span></span></p> <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"">"Government should emphasize on physical infrastructure development for cricket," says Chand, "Government should give instructions to government organizations for sponsorship. Only then will the sport develop.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif""> Former captain of the Nepali National Cricket Team LB Chhetri says that the government is neglecting cricket. According to him, the government does not give the award on time even after the victory, let alone building the physical infrastructure.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17234', 'image' => '20230409022655_20230313054451_collage - 2023-03-13T173709.540.jpg', 'article_date' => '2023-04-09 14:25:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17498', 'article_category_id' => '1', 'title' => 'Government Seeks Suggestions for Upcoming Budget ', 'sub_title' => '', 'summary' => 'April 9: The Ministry of Finance has asked for suggestions for the budget of the upcoming fiscal year (FY 2023/24).', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 9: The Ministry of Finance has asked for suggestions for the budget of the upcoming fiscal year (FY 2023/24). The ministry has formed a budget drafting team and the team has asked to seek suggestions from all stakeholders and the general public for the budget.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The five-member budget drafting team has been formed under the coordination of Joint Secretary Bhupal Baral. According to a ministerial decision of the ministry on March 8, the team will draft the principles and priorities of the appropriation bill. The budget drafting team consists of joint secretaries Anand Kafle, Dhaniram Sharma, and Janakraj Sharma and joint secretaries Uttar Kumar Khatri and Baburam Subedi.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Formal suggestions for the budget can be given before April 28. The notification issued by the ministry reads, "The work related to the budget formulation of the Government of Nepal for the fiscal year 2023/24 has already started. Please provide valuable suggestions to this ministry by April 28, regarding the topics suitable to be included in the budget and program for the next fiscal year.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The ministry has asked various associations, organizations, intellectuals, experts, political parties, businessmen, social workers, professionals, employees, media and the general public to submit their suggestions. Such suggestions can be given through the budget suggestions tab on the ministry's website or through email.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Newly appointed Finance Minister Dr Praka Sharan Mahat has said that while making the next budget, he will give priority to increasing capital expenditure while adopting austerity measures in general expenditure. The National Planning Commission has also fixed the ceiling of the budget and sent it to the Ministry of Finance. According to the constitutional provision, the federal government should draft the budget by April 28.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17233', 'image' => '20230409014200_budget new.jpg', 'article_date' => '2023-04-09 13:41:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17497', 'article_category_id' => '1', 'title' => 'Imports of Consumer Goods, Raw Materials Decline to an ‘All-time Low’', 'sub_title' => '', 'summary' => 'April 9: The impact of the recession on the market has been clearly seen in the import of goods from Birgunj Customs, the largest dry port of Nepal in terms of import and export volume. ', '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 9: The impact of the recession on the market has been clearly seen in the import of goods from Birgunj Customs, the largest dry port of Nepal in terms of import and export volume. The import of most of the major goods entering through this border 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"">Data of Birgunj Customs shows that imports of 17 out of 20 major items have decreased. Customs officials say that the impact of recession on business in the wake of Covid-19 pandemic has clearly visible from the decline in goods at the customs.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Information Officer of Birgunj Customs, Ram Chandra Dhakal said that the import of petroleum products, vehicles and industrial raw materials, which were the major imports in the past, has decreased significantly. “Imports of goods consumed in the domestic market and raw materials for exportable products have also decreased. Such a situation has never been before," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the customs officials, the import of diesel, which is number one in the import list, has decreased by 31 percent from July to February of the current fiscal year compared to the same period of the previous 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"">Similarly, import of petrol has decreased by 10 percent. According to the customs data, the import of aviation fuel has decreased by 77 percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Entrepreneur Rajesh Kyal says that fuel consumption has dropped due to the lack of demand in the domestic market and slump in the construction business. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Imports of MS steel strips and billets, the raw materials used by the construction materials industry, have also decreased by 93 and 70 percent, respectively, according to the customs data. The import of coal consumed by the cement industry has decreased by about 60 percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The import of dozers used in construction work has decreased by 64 percent. The import of industrial equipment also seems to have declined. Such imports have decreased by 12 percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Import of semi-refined soybean oil has decreased by 92 percent and semi-refined palm oil by 62 percent. Import of semi-refined sunflower oil has decreased by 57 percent. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Exports of the industries which used to import semi-refined oil and export it to India are now almost at a standstill. After India adopted a policy to impose zero duty on oil imports, the export from Nepal, which until then capitalized on the difference in the duty rates, has now come to a standstill.</span></span></span></span></p> <p><span style="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 import of jeeps, cars and vans has decreased by 84 percent. The government had restricted imports to reduce pressure on foreign exchange reserves. Traders say that even though the import ban was lifted recently, there hasn’t been much imports due to lack of demand in the domestic market of Nepal.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17232', 'image' => '20230409010647_Birgunj.jpg', 'article_date' => '2023-04-09 13:05:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17496', 'article_category_id' => '1', 'title' => 'Saakha Group Starts Commercial Production of Compost Fertilizer', 'sub_title' => '', 'summary' => 'April 9: Saakha Group, which has been engaged in the business of steel, housing, painting and others, has entered into commercial production of compost fertilizer as well.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 9: Saakha Group, which has been engaged in the business of steel, housing, painting and others, has entered into commercial production of compost fertilizer as well. Saakha Group, which has started trial production in collaboration with some municipalities of Bhaktapur, has been producing compost manure commercially for four months now.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The director of Saakh Group, Kiran Prakash Saakha said that the production of compost fertilizer has been started in Nepal by establishing a subsidiary company under the group. To produce such fertilizer, the group established Rikisi Daiichi Compost Fertilizer and Agro Farm Pvt. Ltd. in Dudhauli Municipality of Sindhuli, where Saakha is the president of the company.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to him, the company introduced fertilizer to the market commercially in collaboration with Rikisi Compost Pvt. Ltd. The company is producing compost fertilizer using the Japanese “CNBN” technology. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“Nowadays, on the one hand, waste management in municipalities has become a challenge. Where on the other hand billions of rupees are being spent on importing chemical fertilizers in the country,” Saakha said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that production of compost fertilizer started in collaboration with Thimi and other municipalities of Bhaktapur. After the success of the trial production, they started producing fertilizer commercially. Saakha claims that the quality of the fertilizer is good and that the fertilizer is produced according to the standards set by the government.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Currently, the company is producing 580 tons of compost in one lot. He said that this compost fertilizer will work like chemical fertilizers and that its production will be further expanded in cooperation with all municipalities.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">This fertilizer is produced from raw materials such as cattle dung, dung, leaf litter, and red soil. According to Saakha, the manure is odorless and can be used in vegetable, paddy and fruit crops. According to Kiran Saakha, the company will continue to produce fertilizers in collaboration with the private sector and municipalities in the future.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17231', 'image' => '20230409104855_1681015769.jpg', 'article_date' => '2023-04-09 10:48:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17495', 'article_category_id' => '1', 'title' => 'KMC Mayor says Political Party Leaders must be Dumped in Sisdole', 'sub_title' => '', 'summary' => 'April 9: Kathmandu Metropolitan City (KMC)’s Mayor Balen Shah made critical comments on the leaders of political parties on social media', '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 9: Kathmandu Metropolitan City (KMC)’s Mayor Balen Shah made critical comments on the leaders of political parties on social media</span></span></span></span></p> <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"">Mayor Shah wrote on his official Facebook page on Saturday that he will not pick up the garbage of Singha Darbar.</span></span></span></span></p> <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"">"If the country is to be cleaned, its leaders will have to be dumped in Sisdole (dumping site)," wrote Shah.</span></span></span></span></p> <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"">Mayor Shah hinted that he will not cooperate with Singha Durbar from Saturday itself after the government did not cooperate with him when he tried to drive a dozer in the squatters’ settlement on the banks of Bagmati River in Garigaon on Friday.</span></span></span></span></p> <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 wrote on Facebook: "Starting from today (April 8), the garbage of Singha Durbar will not be picked up, if the country has to be cleaned, its leaders will have to be dumped in Sisdole."</span></span></span></span></p> <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"">Shah’s critical statement that leaders will have to be dumped in Sisdole, the site where the garbage of the Kathmandu Valley is disposes, has now become a topic of hot discussion on social media.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17230', 'image' => '20230409101324_1680932848.balen shaha.jpg', 'article_date' => '2023-04-09 10:12:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17494', 'article_category_id' => '1', 'title' => 'Ministry Cautions Over the Role of Middlemen ', 'sub_title' => '', 'summary' => 'April 9: The Ministry of Labour, Employment and Social Security (MOLESS) has urged one and all not to rely on middlemen to get financial assistance through the Foreign Employment Board (FEB).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 9: The Ministry of Labour, Employment and Social Security (MOLESS) has urged one and all not to rely on middlemen to get financial assistance through the Foreign Employment Board (FEB). The caution comes in the wake of reports that the families of migrant workers, who lost their lives in foreign employment, have been cheated by middlemen while received the insurance amount from the FEB. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Death registration certificate, recommendation of the municipality along with the documents that come with the dead body from abroad are required to receive the amount for death insurance, which can be easily made through the respective municipality. Hence, there was no need to use intermediary for that," reads a statement issued by Joint Secretary and Spokesperson of MOLESS Dandu Raj Ghimire. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ministry has requested all concerned to call the ministry’s toll-free number 16600150005141 or number 977-1-5970008 or call and message 9801800013, 9851180959 on Viber and IMO for any concerns related to this matter. It has also warned severe action against anyone who engages in unnecessary interference and cheats on the pretext of helping the families of the workers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, police have arrested six people on the charge of cheating the families of deceased workers. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17229', 'image' => '20230409095710_foreign emp.jpg', 'article_date' => '2023-04-09 09:56:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17493', 'article_category_id' => '1', 'title' => 'Third Nat'l Cooperative Congress Concludes Issuing 11-Point Declaration ', 'sub_title' => '', 'summary' => 'April 9: The Third National Cooperative Congress concluded on Saturday by issuing an 11-point declaration with emphasis on production, procession and marketing to contribute in the making of a self-reliant economy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 9: The Third National Cooperative Congress concluded on Saturday by issuing an 11-point declaration with emphasis on production, procession and marketing to contribute in the making of a self-reliant economy. </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 declaration focused on environment-friendly agriculture, imports substitution, exports promotion, employment generation and advancing public private and cooperative partnership. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Development of massive and exclusive productions through the specialized cooperative association, promotion of agriculture and livestock related sector and establishment of mega farms and development of value and supply chains are also included in the declaration. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking in the concluding session, former prime minister and CPN (UML) Chairman KP Sharma Oli said that cooperative organisations are the saviour of economy in the time of crisis. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Oli suggested that the cooperatives should invest in agricultural production through integrated lands and asked the cooperative orgnaisations not to expect for grants. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former vice-chairperson of the National Planning Commission Pushpa Raj Kandel praised the roles of cooperatives for contributing to achieve UN Sustainable Development Goals (SDGs). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, another former vice-chairperson of National Planning Commission Dr Govinda Pokharel said the cooperative sector has encouraged the low-income community for their economic progress and make the market vibrant. He viewed that cooperatives are needed to safeguard capitalism. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17228', 'image' => '20230409095131_cooperatives.jpg', 'article_date' => '2023-04-09 09:50:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17492', 'article_category_id' => '275', 'title' => '3327 Nepalis Leave for Foreign Employment in A Day ', 'sub_title' => '', 'summary' => 'As many as 3,327 Nepali youths fly to foreign countries for jobs formally on a daily basis lately. A total of 99,839 Nepali youths took the labour permits and left the country in the month of Falgun 2079, 23.29 up from same period in 2078, according to the Department of Foreign Employment. ', 'content' => '<p><span style="font-size:20px">April 9: As many as 3,327 Nepali youths have been flying to foreign countries for jobs formally on a daily basis lately. A total of 99,839 Nepali youths took the labour permits and left the country in the month of Falgun 2079, 23.29 percent up from same period in 2078, according to the Department of Foreign Employment. </span></p> <p><span style="font-size:20px">A total of 80,977 youths had obtained labour permits and went for the jobs overseas in the month of Falgun 2078. <br /> To be eligible to go for job overseas, one has to receive labour permit from the Department of Foreign Employment. But, the real number of youths going for foreign employment is much higher than the data made available by the Department of Foreign Employment.</span></p> <p><span style="font-size:20px">A large number of people enter European countries, the United States, Japan, South Korea, Australia, UAE on Visitor Visa, and start working illegally, claim refugee status or begin to work on working visa as well, say labour experts. </span></p> <p><span style="font-size:20px">The trend among the youths to leave for the foreign jobs is increasing rapidly due to limited employment opportunities in the country.</span></p> <p><span style="font-size:20px">Apart from people going to the foreign country on work permit, the number of people moving to foreign countries on student visa is also huge. According to Rastriya Samachar Samiti, 80,000 students have received No Objection letter(NOC)from the Ministry of Education, Science and Technology in the eight months of the current fiscal year. </span></p> <p><span style="font-size:20px">Of late, remittance sent by Nepalis employed abroad has become a lifeline to Nepal’s economy. Foreign employment and remittances have proved to be instrumental to lift the economic conditions of impoverished families in Nepal. <br /> The remittance has temporary benefits for the country and its economy. It will be fatal to the country’s economy in the long run, experts warned. </span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17227', 'image' => '20230409070657_collage (65).jpg', 'article_date' => '2023-04-09 07:04:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17506', 'article_category_id' => '1', 'title' => 'SC Quashes Petition Against SEBON, Paves Way for the Board to Issue License', 'sub_title' => '', 'summary' => '', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">April 10: The Supreme Court has paved the way for the Securities Board of Nepal (SEBON) to issue license for the second stock exchange platform in the country.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The board can now issue license after the apex court cancelled the second writ petition filed against SEBON’s move to issue such license.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">A division bench of Justices Anil Kumar Sinha and Sushma Lata Mathema decided to quashed the petition filed by advocate Deepak Bikram Mishra demanding the cancellation of the new license to be distributed by the board.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Last August, the board amended the regulations to distribute new licenses. Two cases were filed at the Supreme Court saying that the regulations amended by the board were not in accordance with the rules. Advocate Deepak Bikram Mishra filed a petition in the Supreme Court on October 17 and Advocate Amrit Kharel on November 2 demanding the cancellation of the new license distribution process.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The writ filed by advocate Amrit Kharel was dismissed on December 28 last year. A full bench of SC justices Hari Krishna Karki, Ishwar Prasad Khatiwada, Dr Anand Mohan Bhattarai, Anil Kumar Sinha and Sapna Pradhan Malla had dismissed the petition.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">With the aim of making the securities market more competitive, the Board implemented the Second Amendment to the Securities Market Operation Regulations, 2064 and the Fourth Amendment to the Securities Dealers (Securities Brokers and Securities Dealers) Regulations, 2064.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">After the implementation of the revised regulations, the board opened the application for distribution of new licenses on September 18. After the writ petition was filed, the board suspended the license distribution process from November 1.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif""> The board has already received 45 applications for new broker’s license.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Based on the capital structure, the board collected applications for the distribution of three types of broker licenses. However, the board suspended the process on November 1, the last day of collecting applications for licenses of one new stock exchange and two commodity exchange ompanies following the court order.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17241', 'image' => '20230410025857_Supreme Court.jpg', 'article_date' => '2023-04-10 14:57:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17505', 'article_category_id' => '1', 'title' => 'Policyholders Surrendering Life Insurance Policy on the Rise', 'sub_title' => '', 'summary' => 'April 10: The number of policyholders surrendering their insurance policies is on a rise in Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">April 10: The number of policyholders surrendering their insurance policies is on a rise in Nepal. Due to the increase in the number of policy surrenders, the life insurance companies had to refund nearly Rs 9 billion in insurance fees in just eight months of the current fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the Nepal Insurance Authority, the insurance companies have returned more than Rs 5.85 billion from mid-July to mid-March of the current fiscal year after the insured surrendered their policy.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As per the authority, the highest number of policies was surrendered from mid-July to mid-August, withdrawing more than Rs 1.51 billion from the insurance companies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Similarly, from mid-February to mid-March, insurance companies returned more than Rs 1 billion in insurance fee through policy surrender of 8,939 policies, according to the data released by the authority. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During the review period, the highest amount of insurance fee was returned by Nepal Life Insurance Company worth Rs 342 million. In the second place, it is Life Insurance Corporation (Nepal) Limited returned Rs 157.3 million. In the third place was National Insurance Institute, which returned Rs 144.1 million due to surrender of insurance fee.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Suresh Prasad Khatri, Chief Executive Officer of National Life Insurance Company, says that policy surrender has increased now than in the past due to the direct impact of economic slowdown, affecting insurance business as well.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“Most of the insured had deposited money in the cooperatives and paid the insurance fee with the interest. However, due to the collapse of the cooperatives, the way to pay the insurance fee of the insured has been closed,” said Khatri, adding, “Business as well has halted currently, closing the door for insured to pay the insurance fees. Many insured people were forced to surrender their policy due to not being able to pay the insurance fee.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance is done by people only after fulfilling their other basic requirements. At present, as the source of income has stopped, many people are struggling to meet their basic needs. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17240', 'image' => '20230410013744_Insurance.jpg', 'article_date' => '2023-04-10 13:37:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17504', 'article_category_id' => '1', 'title' => 'Construction Industry Suffering due to Delay in Payment of Large Amount', 'sub_title' => '', 'summary' => 'April 10: Vice Chairman of National Planning Commission (NPC) Dr. Min Bahadur Shrestha has revealed that the economy has come to a standstill because of the government’s delay releasing payment of large amount of money to the builders.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">April 10: Vice Chairman of National Planning Commission (NPC) Dr. Min Bahadur Shrestha has revealed that the economy has come to a standstill because of the government’s delay releasing payment of large amount of money to the builders. He added that the government is positive about the payment of money to the construction entrepreneurs though.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During a meeting with representatives of the Federation of Contractor’s Association of Nepal (FCAN) on Sunday, Shrestha said that there are many problems in the construction industry. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He noted that builders are suffering from problems such as difficulty in acquiring land, lack of budget and construction materials, and community resistance. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“As an umbrella organization, the federation can make construction professionals more responsible and the personal role should be made more effective,” Shrestha said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During the meeting, FCAN President Ravi Singh apprised NPC Vice Chair Shrestha about the existing problems of the construction industry and the solutions. He said that the construction industry could not become professional because of the government's working style. Singh said that the practice of inviting tenders without managing the budget is wrong and mentioned that the practice of not being able to use the resources of the country should be ended.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">FCAN also demanded that the businessmen should receive 20 percent mobilization deposit as per the Public Procurement Act. Meanwhile, FCAN mentioned that the businessmen who were hit hard by the inflation in recent times did not get any relief. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">FCAN also emphasized that the National Planning Commission should work boldly without bowing to pressure from anyone while drawing attention to the issues that should be included in the upcoming budget for the development of the construction industry.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17239', 'image' => '20230410120236_fcann.jpg', 'article_date' => '2023-04-10 12:01:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17503', 'article_category_id' => '1', 'title' => 'Department of Civil Registration Revises Provision about Non-Marital Child ', 'sub_title' => '', 'summary' => 'April 10: The Department of National ID and Civil Registration has come up with a new circular for issuing a birth certificate to a non-marital child. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 10: The Department of National ID and Civil Registration has come up with a new circular for issuing a birth certificate to a non-marital child. The fresh circular mandates the authorities concerned to record the birth details of a child born to a single mother and whose paternal lineage remains unidentified in mother's surname along with her address. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, on April 5, the department added a new provision targeting a non-marital child with unidentified paternal lineage. The circular was for issuing birth certificate to such child with the surname of his/her maternal family. The circular received widespread criticism, citing it a case of gender-based discrimination against women as it disapproved the independent identity of a woman in case the father of the child gets identified. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General of the department Rudra Prasad Pundit said the provision was revised following the public concerns over the previous circular. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the clause requiring cancellation of the birth registration issued under this category and the issuance of a new certificate with the address of the father if the identity of the child's father is ascertained was also revised. Now in such situation, the new birth certificate shall be issued with the father's surname or mother's or of both. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17238', 'image' => '20230410102255_Rastriya-Parichayapatra-and-Panjikaran-Bibhag.jpg', 'article_date' => '2023-04-10 10:21:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17502', 'article_category_id' => '1', 'title' => 'Department of Railways Changes Alignment at Nijgadh Section of East-West Railways ', 'sub_title' => '', 'summary' => 'Department of Railways has changed a track design(alignment) once again at Bara’s Nijgadh along the East-West Railways.', 'content' => '<p><span style="font-size:20px"> <br /> April 10: Department of Railways has changed a track design(alignment) once again at Bara’s Nijgadh along the East-West Railways.</span></p> <p><span style="font-size:20px">Officials at the Department of Railways said that talks between stakeholders of Nijgadh Municipality and the department had changed the track design(alignment) along the Nijgadh section for the second time. </span></p> <p><span style="font-size:20px">Engineer Sumod Pokhrel at the department said that alignment was changed for the second time to build station of East-west railways and Kathmandu-Birgunj railways to be constructed by India at the same place. </span></p> <p><span style="font-size:20px">Earlier, the track design was prepared from the east banks of Bakaiya khola at Nijgadh. As per the new track design, railway’s alignment will pass through forest area across Bakaiya khola at Nijgadh-10. </span></p> <p><span style="font-size:20px">Nepal government has initiated the work of 925 kilometers long railways from Kakarvitta in the east to Kanchnapur’s Gaddachauki in the west. </span></p> <p><span style="font-size:20px">The work to open the track from Bardibash to Nijgadh is underway. Locals have been disputing over the issue of alignment at Nijgadh area.</span></p> <p><span style="font-size:20px">The department has been changing the alignment to allay concerns of the local people at Nijgadh.<br /> Locals say that the changed alignment will destroy the forest and Chure hill will be adversely affected.</span></p> <p><span style="font-size:20px">Earlier, alignment was changed due to locals’ protest. Locals had formed a Railway Victim Concern Committee and protested saying that the alignment would destroy dense forest.</span></p> <p><span style="font-size:20px">Railway department had agreed for the alignment to pass through the banks of Bakaiya Khola to address the concerns of local people.</span></p> <p><span style="font-size:20px">Then, locals had submitted a memorandum of understanding to various agencies including the Office of Prime Minister. They had staged protest at various places, disrupting the survey work. It takes 50-meter breadth of geography for the railway. </span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17237', 'image' => '20230410072821_collage (67).jpg', 'article_date' => '2023-04-10 07:25:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '17501', 'article_category_id' => '1', 'title' => 'Appointment of All Tourism Goodwill Ambassadors Scrapped ', 'sub_title' => '', 'summary' => 'The Ministry of Culture, Tourism and Civil Aviation has decided to terminate the appointment of all tourism goodwill ambassadors.', 'content' => '<p><br /> <span style="font-size:20px">April 10: The Ministry of Culture, Tourism and Civil Aviation has decided to terminate the appointment of all tourism goodwill ambassadors.</span></p> <p><span style="font-size:20px">All appointments for the posts of tourism ambassadors are scrapped from the tourism minister-level decision, said Minister for Culture, Tourism and Civil Aviation Sudan Kirati. </span></p> <p><span style="font-size:20px">With the approval of Tourism Promotion Procedures 2079 BS, all the sitting goodwill ambassadors have been terminated, said Minister Kirati.</span></p> <p><span style="font-size:20px">However, the new procedures have opened the avenues for their reappointment after fulfilling the processes. Earlier, tourism goodwill ambassadors were appointed prior to the enactment of the procedures. </span></p> <p><span style="font-size:20px">The Ministry has also replaced the term 'goodwill ambassadors' with the 'tourism promoters'. Likewise, the Ministry has decided to write to the Ministry of Foreign Affairs for making initiatives to make flights to different cities of India from Nepalgunj Airport ----RSS </span><br /> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17236', 'image' => '20230410063011_collage (66).jpg', 'article_date' => '2023-04-10 06:28:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '17500', 'article_category_id' => '1', 'title' => 'HRA Mobilizes Medical Teams to Assist Trekkers', 'sub_title' => '', 'summary' => 'April 9: The Himalayan Rescue Association (HRA) has mobilized mobile teams of medics at three locations, to assist trekkers in remote mountain areas. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">April 9: The Himalayan Rescue Association (HRA) has mobilized mobile teams of medics at three locations, to assist trekkers in remote mountain areas. </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 medical squads have been deployed at the Everest Base Camp and Feriche in Solukhumbu, and Manang village of Manang district. </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 the Chief Executive Officer of the association, Govinda Basyal, a team comprising one foreign doctor and two Nepalis has been sent to the Everest Base Camp while two foreigners and one Nepali doctors have been sent to Feriche. Likewise, a squad of two foreign doctors and one Nepali doctor has been sent to Manang. The medical teams are accompanied by the association's employees. </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 association is a voluntary non-profit organization formed in 1973 with an objective to reduce casualties in the Himalayas of Nepal, especially in view of the increasing number of Nepalese and foreigners who trek up into the remote wilderness. -- RSS</span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17235', 'image' => '20230409062016_20210428112643_20210219104343_20201108030120_Contribution of Mountains to the Tourism Economy_1.jpg', 'article_date' => '2023-04-09 18:18:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17499', 'article_category_id' => '1', 'title' => 'Government Eager to Give Prizes to Winners but not Interested in Infrastructure Development', 'sub_title' => '', 'summary' => 'April 9: As exciting as the world of Nepali cricket is, its economy is much more depressing than that.', '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"">Bijay Damase</span></span></span></span></p> <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 9: As exciting as the world of Nepali cricket is, its economy is much more depressing than that. When the Nepalese team wins the title of any international competition, the whole nation feels proud about it. At other times, neither the state nor anyone else cares about the players and sports infrastructure. The result of this is the exodus of players.</span></span></span></span></p> <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"">What shall the players expect in a country that doesn't even have a decent playing ground? The sports infrastructure in Nepal is insufficient and the salary of the players is also nominal. Neither the player nor the sports fan is satisfied with this.</span></span></span></span></p> <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"">Even though the government formed the Ministry of Sports to look after the sports sector, it has not done anything other than honoring the best players. The government has been giving a small budget based on the progress of the game while the Nepal Cricket Association (CAN) is providing salary and stipends to the national players with the support from the International Cricket Council (ICC) and the Asian Cricket Council (ACC).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The government does not provide financial support to conduct sports competitions. The state only supports organization the Prime Minister's Cup tournament. Last year, the budget for the Prime Minister's Cup was Rs 6 million. This year it has been reduced to Rs 4 million. CAN officials say that their cost is around Rs 20 million.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The entire sports sector is reeling under financial crisis. CAN president Chatur Bahadur Chand says that sports sponsorship has started to decrease due to financial problems faced by the private sector. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The ICC gives CAN US$1.3 million annually. CAN has been managing the expenses of the coaches to the national tournament from that money in addition to other sponsorships.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The salary of male players under central contract has been increased by Rs 10,000 per month. Before the increase, A grade players used to get Rs 50,000, B grade Rs 40,000 and C grade Rs 30,000 per month. Now A grade male players are getting Rs 60,000, while that of B grade players is Rs 50,000 and Rs 40,000 for C grade. The new salary scale was implemented from last year. Similarly, CAN has increased Rs 5,000 per month for C grade and 6,000 for A and B grade players. Earlier, female players of C grade used to get Rs 10,000, B grade Rs 12,000 and A grade Rs 15,000 per month.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the 2022 Central Player Agreement of CAN, the A Grade players in men’s category include Sandeep Lamichhane, Gyanendra Malla, Dipendra Singh Airee, Sompal Kami and Karan KC. Similarly, Kushal Bhurtel, Aasif Sheikh, Sharad Vesawkar, Aarif Sheikh, Avhinash Bohra, Binod Bhandari fall in B grade. Grade C players include Kushal Malla, Rohit Kumar Paudel, Kamal Singh Airee, Bikram Sob, Sahab Alam, Sushan Bhari and Pawan Sarraff.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In the women's side, the Grade A players include Rubina Chhetri Belbase, Sita Ranamagar, Indu Berma, Kajal Shrestha and Karuna Bhandari. Grade B players include Sarita Magar, Kabita Kunwar, Apsari Begum, Saraswati Chaudhary, Sabnam Rai and Jyoti Pandey.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The Grade C players are Dolly Bhatt, Kabita Joshi, Sangeeta Rai, Roma Thapa, Asmina Karmacharya, Mamta Chaudhary and Bindu Rawal. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">"The amount given by the ICC is spent on players, coaches, CAN staff, competitions and awards to the winners," Chand said, "Most of the amount is spent on closed-camp trainings." </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The Asian Cup qualifiers require 60-day camp. One player’s daily expense for staying in a hotel during the closed-camp training is Rs 3,500 to Rs 4,000. CAN spends Rs 100,000 per day for such players for food and accommodation. It means that Rs 6 million will be spent in 60 days. This expense is neither borne by the government nor the ICC. Chand says that CAN itself has to raise this amount by taking loans. According to him, players get USD 50 allowance per day while playing ICC and ACC-level tournaments. They get other additional facilities including food and accommodation and additional incentive money from the CAN.</span></span></span></span></p> <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"">Apart from ICC, CAN's other source is money raised from sponsors and spectators. </span></span></span></span></p> <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"">CAN President Chand says that there is not much sponsorship in sports competitions from government organizations and the private sector. "We have submitted several proposals for sponsorship to Nepal Telecom and Electricity Authority, but there was no response," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Although it is everyone's responsibility to elevate cricket, it is being neglected by the government institutions. </span></span></span></span></p> <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"">"Government should emphasize on physical infrastructure development for cricket," says Chand, "Government should give instructions to government organizations for sponsorship. Only then will the sport develop.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif""> Former captain of the Nepali National Cricket Team LB Chhetri says that the government is neglecting cricket. According to him, the government does not give the award on time even after the victory, let alone building the physical infrastructure.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17234', 'image' => '20230409022655_20230313054451_collage - 2023-03-13T173709.540.jpg', 'article_date' => '2023-04-09 14:25:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17498', 'article_category_id' => '1', 'title' => 'Government Seeks Suggestions for Upcoming Budget ', 'sub_title' => '', 'summary' => 'April 9: The Ministry of Finance has asked for suggestions for the budget of the upcoming fiscal year (FY 2023/24).', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 9: The Ministry of Finance has asked for suggestions for the budget of the upcoming fiscal year (FY 2023/24). The ministry has formed a budget drafting team and the team has asked to seek suggestions from all stakeholders and the general public for the budget.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The five-member budget drafting team has been formed under the coordination of Joint Secretary Bhupal Baral. According to a ministerial decision of the ministry on March 8, the team will draft the principles and priorities of the appropriation bill. The budget drafting team consists of joint secretaries Anand Kafle, Dhaniram Sharma, and Janakraj Sharma and joint secretaries Uttar Kumar Khatri and Baburam Subedi.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Formal suggestions for the budget can be given before April 28. The notification issued by the ministry reads, "The work related to the budget formulation of the Government of Nepal for the fiscal year 2023/24 has already started. Please provide valuable suggestions to this ministry by April 28, regarding the topics suitable to be included in the budget and program for the next fiscal year.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The ministry has asked various associations, organizations, intellectuals, experts, political parties, businessmen, social workers, professionals, employees, media and the general public to submit their suggestions. Such suggestions can be given through the budget suggestions tab on the ministry's website or through email.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Newly appointed Finance Minister Dr Praka Sharan Mahat has said that while making the next budget, he will give priority to increasing capital expenditure while adopting austerity measures in general expenditure. The National Planning Commission has also fixed the ceiling of the budget and sent it to the Ministry of Finance. According to the constitutional provision, the federal government should draft the budget by April 28.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17233', 'image' => '20230409014200_budget new.jpg', 'article_date' => '2023-04-09 13:41:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17497', 'article_category_id' => '1', 'title' => 'Imports of Consumer Goods, Raw Materials Decline to an ‘All-time Low’', 'sub_title' => '', 'summary' => 'April 9: The impact of the recession on the market has been clearly seen in the import of goods from Birgunj Customs, the largest dry port of Nepal in terms of import and export volume. ', '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 9: The impact of the recession on the market has been clearly seen in the import of goods from Birgunj Customs, the largest dry port of Nepal in terms of import and export volume. The import of most of the major goods entering through this border 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"">Data of Birgunj Customs shows that imports of 17 out of 20 major items have decreased. Customs officials say that the impact of recession on business in the wake of Covid-19 pandemic has clearly visible from the decline in goods at the customs.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Information Officer of Birgunj Customs, Ram Chandra Dhakal said that the import of petroleum products, vehicles and industrial raw materials, which were the major imports in the past, has decreased significantly. “Imports of goods consumed in the domestic market and raw materials for exportable products have also decreased. Such a situation has never been before," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the customs officials, the import of diesel, which is number one in the import list, has decreased by 31 percent from July to February of the current fiscal year compared to the same period of the previous 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"">Similarly, import of petrol has decreased by 10 percent. According to the customs data, the import of aviation fuel has decreased by 77 percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Entrepreneur Rajesh Kyal says that fuel consumption has dropped due to the lack of demand in the domestic market and slump in the construction business. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Imports of MS steel strips and billets, the raw materials used by the construction materials industry, have also decreased by 93 and 70 percent, respectively, according to the customs data. The import of coal consumed by the cement industry has decreased by about 60 percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The import of dozers used in construction work has decreased by 64 percent. The import of industrial equipment also seems to have declined. Such imports have decreased by 12 percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Import of semi-refined soybean oil has decreased by 92 percent and semi-refined palm oil by 62 percent. Import of semi-refined sunflower oil has decreased by 57 percent. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Exports of the industries which used to import semi-refined oil and export it to India are now almost at a standstill. After India adopted a policy to impose zero duty on oil imports, the export from Nepal, which until then capitalized on the difference in the duty rates, has now come to a standstill.</span></span></span></span></p> <p><span style="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 import of jeeps, cars and vans has decreased by 84 percent. The government had restricted imports to reduce pressure on foreign exchange reserves. Traders say that even though the import ban was lifted recently, there hasn’t been much imports due to lack of demand in the domestic market of Nepal.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17232', 'image' => '20230409010647_Birgunj.jpg', 'article_date' => '2023-04-09 13:05:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17496', 'article_category_id' => '1', 'title' => 'Saakha Group Starts Commercial Production of Compost Fertilizer', 'sub_title' => '', 'summary' => 'April 9: Saakha Group, which has been engaged in the business of steel, housing, painting and others, has entered into commercial production of compost fertilizer as well.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 9: Saakha Group, which has been engaged in the business of steel, housing, painting and others, has entered into commercial production of compost fertilizer as well. Saakha Group, which has started trial production in collaboration with some municipalities of Bhaktapur, has been producing compost manure commercially for four months now.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The director of Saakh Group, Kiran Prakash Saakha said that the production of compost fertilizer has been started in Nepal by establishing a subsidiary company under the group. To produce such fertilizer, the group established Rikisi Daiichi Compost Fertilizer and Agro Farm Pvt. Ltd. in Dudhauli Municipality of Sindhuli, where Saakha is the president of the company.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to him, the company introduced fertilizer to the market commercially in collaboration with Rikisi Compost Pvt. Ltd. The company is producing compost fertilizer using the Japanese “CNBN” technology. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“Nowadays, on the one hand, waste management in municipalities has become a challenge. Where on the other hand billions of rupees are being spent on importing chemical fertilizers in the country,” Saakha said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that production of compost fertilizer started in collaboration with Thimi and other municipalities of Bhaktapur. After the success of the trial production, they started producing fertilizer commercially. Saakha claims that the quality of the fertilizer is good and that the fertilizer is produced according to the standards set by the government.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Currently, the company is producing 580 tons of compost in one lot. He said that this compost fertilizer will work like chemical fertilizers and that its production will be further expanded in cooperation with all municipalities.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">This fertilizer is produced from raw materials such as cattle dung, dung, leaf litter, and red soil. According to Saakha, the manure is odorless and can be used in vegetable, paddy and fruit crops. According to Kiran Saakha, the company will continue to produce fertilizers in collaboration with the private sector and municipalities in the future.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17231', 'image' => '20230409104855_1681015769.jpg', 'article_date' => '2023-04-09 10:48:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17495', 'article_category_id' => '1', 'title' => 'KMC Mayor says Political Party Leaders must be Dumped in Sisdole', 'sub_title' => '', 'summary' => 'April 9: Kathmandu Metropolitan City (KMC)’s Mayor Balen Shah made critical comments on the leaders of political parties on social media', '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 9: Kathmandu Metropolitan City (KMC)’s Mayor Balen Shah made critical comments on the leaders of political parties on social media</span></span></span></span></p> <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"">Mayor Shah wrote on his official Facebook page on Saturday that he will not pick up the garbage of Singha Darbar.</span></span></span></span></p> <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"">"If the country is to be cleaned, its leaders will have to be dumped in Sisdole (dumping site)," wrote Shah.</span></span></span></span></p> <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"">Mayor Shah hinted that he will not cooperate with Singha Durbar from Saturday itself after the government did not cooperate with him when he tried to drive a dozer in the squatters’ settlement on the banks of Bagmati River in Garigaon on Friday.</span></span></span></span></p> <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 wrote on Facebook: "Starting from today (April 8), the garbage of Singha Durbar will not be picked up, if the country has to be cleaned, its leaders will have to be dumped in Sisdole."</span></span></span></span></p> <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"">Shah’s critical statement that leaders will have to be dumped in Sisdole, the site where the garbage of the Kathmandu Valley is disposes, has now become a topic of hot discussion on social media.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17230', 'image' => '20230409101324_1680932848.balen shaha.jpg', 'article_date' => '2023-04-09 10:12:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17494', 'article_category_id' => '1', 'title' => 'Ministry Cautions Over the Role of Middlemen ', 'sub_title' => '', 'summary' => 'April 9: The Ministry of Labour, Employment and Social Security (MOLESS) has urged one and all not to rely on middlemen to get financial assistance through the Foreign Employment Board (FEB).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 9: The Ministry of Labour, Employment and Social Security (MOLESS) has urged one and all not to rely on middlemen to get financial assistance through the Foreign Employment Board (FEB). The caution comes in the wake of reports that the families of migrant workers, who lost their lives in foreign employment, have been cheated by middlemen while received the insurance amount from the FEB. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Death registration certificate, recommendation of the municipality along with the documents that come with the dead body from abroad are required to receive the amount for death insurance, which can be easily made through the respective municipality. Hence, there was no need to use intermediary for that," reads a statement issued by Joint Secretary and Spokesperson of MOLESS Dandu Raj Ghimire. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ministry has requested all concerned to call the ministry’s toll-free number 16600150005141 or number 977-1-5970008 or call and message 9801800013, 9851180959 on Viber and IMO for any concerns related to this matter. It has also warned severe action against anyone who engages in unnecessary interference and cheats on the pretext of helping the families of the workers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, police have arrested six people on the charge of cheating the families of deceased workers. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17229', 'image' => '20230409095710_foreign emp.jpg', 'article_date' => '2023-04-09 09:56:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17493', 'article_category_id' => '1', 'title' => 'Third Nat'l Cooperative Congress Concludes Issuing 11-Point Declaration ', 'sub_title' => '', 'summary' => 'April 9: The Third National Cooperative Congress concluded on Saturday by issuing an 11-point declaration with emphasis on production, procession and marketing to contribute in the making of a self-reliant economy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 9: The Third National Cooperative Congress concluded on Saturday by issuing an 11-point declaration with emphasis on production, procession and marketing to contribute in the making of a self-reliant economy. </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 declaration focused on environment-friendly agriculture, imports substitution, exports promotion, employment generation and advancing public private and cooperative partnership. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Development of massive and exclusive productions through the specialized cooperative association, promotion of agriculture and livestock related sector and establishment of mega farms and development of value and supply chains are also included in the declaration. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking in the concluding session, former prime minister and CPN (UML) Chairman KP Sharma Oli said that cooperative organisations are the saviour of economy in the time of crisis. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Oli suggested that the cooperatives should invest in agricultural production through integrated lands and asked the cooperative orgnaisations not to expect for grants. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former vice-chairperson of the National Planning Commission Pushpa Raj Kandel praised the roles of cooperatives for contributing to achieve UN Sustainable Development Goals (SDGs). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, another former vice-chairperson of National Planning Commission Dr Govinda Pokharel said the cooperative sector has encouraged the low-income community for their economic progress and make the market vibrant. He viewed that cooperatives are needed to safeguard capitalism. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17228', 'image' => '20230409095131_cooperatives.jpg', 'article_date' => '2023-04-09 09:50:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17492', 'article_category_id' => '275', 'title' => '3327 Nepalis Leave for Foreign Employment in A Day ', 'sub_title' => '', 'summary' => 'As many as 3,327 Nepali youths fly to foreign countries for jobs formally on a daily basis lately. A total of 99,839 Nepali youths took the labour permits and left the country in the month of Falgun 2079, 23.29 up from same period in 2078, according to the Department of Foreign Employment. ', 'content' => '<p><span style="font-size:20px">April 9: As many as 3,327 Nepali youths have been flying to foreign countries for jobs formally on a daily basis lately. A total of 99,839 Nepali youths took the labour permits and left the country in the month of Falgun 2079, 23.29 percent up from same period in 2078, according to the Department of Foreign Employment. </span></p> <p><span style="font-size:20px">A total of 80,977 youths had obtained labour permits and went for the jobs overseas in the month of Falgun 2078. <br /> To be eligible to go for job overseas, one has to receive labour permit from the Department of Foreign Employment. But, the real number of youths going for foreign employment is much higher than the data made available by the Department of Foreign Employment.</span></p> <p><span style="font-size:20px">A large number of people enter European countries, the United States, Japan, South Korea, Australia, UAE on Visitor Visa, and start working illegally, claim refugee status or begin to work on working visa as well, say labour experts. </span></p> <p><span style="font-size:20px">The trend among the youths to leave for the foreign jobs is increasing rapidly due to limited employment opportunities in the country.</span></p> <p><span style="font-size:20px">Apart from people going to the foreign country on work permit, the number of people moving to foreign countries on student visa is also huge. According to Rastriya Samachar Samiti, 80,000 students have received No Objection letter(NOC)from the Ministry of Education, Science and Technology in the eight months of the current fiscal year. </span></p> <p><span style="font-size:20px">Of late, remittance sent by Nepalis employed abroad has become a lifeline to Nepal’s economy. Foreign employment and remittances have proved to be instrumental to lift the economic conditions of impoverished families in Nepal. <br /> The remittance has temporary benefits for the country and its economy. It will be fatal to the country’s economy in the long run, experts warned. </span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17227', 'image' => '20230409070657_collage (65).jpg', 'article_date' => '2023-04-09 07:04:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17506', 'article_category_id' => '1', 'title' => 'SC Quashes Petition Against SEBON, Paves Way for the Board to Issue License', 'sub_title' => '', 'summary' => '', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">April 10: The Supreme Court has paved the way for the Securities Board of Nepal (SEBON) to issue license for the second stock exchange platform in the country.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The board can now issue license after the apex court cancelled the second writ petition filed against SEBON’s move to issue such license.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">A division bench of Justices Anil Kumar Sinha and Sushma Lata Mathema decided to quashed the petition filed by advocate Deepak Bikram Mishra demanding the cancellation of the new license to be distributed by the board.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Last August, the board amended the regulations to distribute new licenses. Two cases were filed at the Supreme Court saying that the regulations amended by the board were not in accordance with the rules. Advocate Deepak Bikram Mishra filed a petition in the Supreme Court on October 17 and Advocate Amrit Kharel on November 2 demanding the cancellation of the new license distribution process.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The writ filed by advocate Amrit Kharel was dismissed on December 28 last year. A full bench of SC justices Hari Krishna Karki, Ishwar Prasad Khatiwada, Dr Anand Mohan Bhattarai, Anil Kumar Sinha and Sapna Pradhan Malla had dismissed the petition.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">With the aim of making the securities market more competitive, the Board implemented the Second Amendment to the Securities Market Operation Regulations, 2064 and the Fourth Amendment to the Securities Dealers (Securities Brokers and Securities Dealers) Regulations, 2064.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">After the implementation of the revised regulations, the board opened the application for distribution of new licenses on September 18. After the writ petition was filed, the board suspended the license distribution process from November 1.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif""> The board has already received 45 applications for new broker’s license.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Based on the capital structure, the board collected applications for the distribution of three types of broker licenses. However, the board suspended the process on November 1, the last day of collecting applications for licenses of one new stock exchange and two commodity exchange ompanies following the court order.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17241', 'image' => '20230410025857_Supreme Court.jpg', 'article_date' => '2023-04-10 14:57:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17505', 'article_category_id' => '1', 'title' => 'Policyholders Surrendering Life Insurance Policy on the Rise', 'sub_title' => '', 'summary' => 'April 10: The number of policyholders surrendering their insurance policies is on a rise in Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">April 10: The number of policyholders surrendering their insurance policies is on a rise in Nepal. Due to the increase in the number of policy surrenders, the life insurance companies had to refund nearly Rs 9 billion in insurance fees in just eight months of the current fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the Nepal Insurance Authority, the insurance companies have returned more than Rs 5.85 billion from mid-July to mid-March of the current fiscal year after the insured surrendered their policy.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As per the authority, the highest number of policies was surrendered from mid-July to mid-August, withdrawing more than Rs 1.51 billion from the insurance companies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Similarly, from mid-February to mid-March, insurance companies returned more than Rs 1 billion in insurance fee through policy surrender of 8,939 policies, according to the data released by the authority. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During the review period, the highest amount of insurance fee was returned by Nepal Life Insurance Company worth Rs 342 million. In the second place, it is Life Insurance Corporation (Nepal) Limited returned Rs 157.3 million. In the third place was National Insurance Institute, which returned Rs 144.1 million due to surrender of insurance fee.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Suresh Prasad Khatri, Chief Executive Officer of National Life Insurance Company, says that policy surrender has increased now than in the past due to the direct impact of economic slowdown, affecting insurance business as well.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“Most of the insured had deposited money in the cooperatives and paid the insurance fee with the interest. However, due to the collapse of the cooperatives, the way to pay the insurance fee of the insured has been closed,” said Khatri, adding, “Business as well has halted currently, closing the door for insured to pay the insurance fees. Many insured people were forced to surrender their policy due to not being able to pay the insurance fee.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance is done by people only after fulfilling their other basic requirements. At present, as the source of income has stopped, many people are struggling to meet their basic needs. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17240', 'image' => '20230410013744_Insurance.jpg', 'article_date' => '2023-04-10 13:37:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17504', 'article_category_id' => '1', 'title' => 'Construction Industry Suffering due to Delay in Payment of Large Amount', 'sub_title' => '', 'summary' => 'April 10: Vice Chairman of National Planning Commission (NPC) Dr. Min Bahadur Shrestha has revealed that the economy has come to a standstill because of the government’s delay releasing payment of large amount of money to the builders.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">April 10: Vice Chairman of National Planning Commission (NPC) Dr. Min Bahadur Shrestha has revealed that the economy has come to a standstill because of the government’s delay releasing payment of large amount of money to the builders. He added that the government is positive about the payment of money to the construction entrepreneurs though.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During a meeting with representatives of the Federation of Contractor’s Association of Nepal (FCAN) on Sunday, Shrestha said that there are many problems in the construction industry. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He noted that builders are suffering from problems such as difficulty in acquiring land, lack of budget and construction materials, and community resistance. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“As an umbrella organization, the federation can make construction professionals more responsible and the personal role should be made more effective,” Shrestha said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During the meeting, FCAN President Ravi Singh apprised NPC Vice Chair Shrestha about the existing problems of the construction industry and the solutions. He said that the construction industry could not become professional because of the government's working style. Singh said that the practice of inviting tenders without managing the budget is wrong and mentioned that the practice of not being able to use the resources of the country should be ended.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">FCAN also demanded that the businessmen should receive 20 percent mobilization deposit as per the Public Procurement Act. Meanwhile, FCAN mentioned that the businessmen who were hit hard by the inflation in recent times did not get any relief. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">FCAN also emphasized that the National Planning Commission should work boldly without bowing to pressure from anyone while drawing attention to the issues that should be included in the upcoming budget for the development of the construction industry.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17239', 'image' => '20230410120236_fcann.jpg', 'article_date' => '2023-04-10 12:01:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17503', 'article_category_id' => '1', 'title' => 'Department of Civil Registration Revises Provision about Non-Marital Child ', 'sub_title' => '', 'summary' => 'April 10: The Department of National ID and Civil Registration has come up with a new circular for issuing a birth certificate to a non-marital child. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 10: The Department of National ID and Civil Registration has come up with a new circular for issuing a birth certificate to a non-marital child. The fresh circular mandates the authorities concerned to record the birth details of a child born to a single mother and whose paternal lineage remains unidentified in mother's surname along with her address. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, on April 5, the department added a new provision targeting a non-marital child with unidentified paternal lineage. The circular was for issuing birth certificate to such child with the surname of his/her maternal family. The circular received widespread criticism, citing it a case of gender-based discrimination against women as it disapproved the independent identity of a woman in case the father of the child gets identified. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General of the department Rudra Prasad Pundit said the provision was revised following the public concerns over the previous circular. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the clause requiring cancellation of the birth registration issued under this category and the issuance of a new certificate with the address of the father if the identity of the child's father is ascertained was also revised. Now in such situation, the new birth certificate shall be issued with the father's surname or mother's or of both. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17238', 'image' => '20230410102255_Rastriya-Parichayapatra-and-Panjikaran-Bibhag.jpg', 'article_date' => '2023-04-10 10:21:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17502', 'article_category_id' => '1', 'title' => 'Department of Railways Changes Alignment at Nijgadh Section of East-West Railways ', 'sub_title' => '', 'summary' => 'Department of Railways has changed a track design(alignment) once again at Bara’s Nijgadh along the East-West Railways.', 'content' => '<p><span style="font-size:20px"> <br /> April 10: Department of Railways has changed a track design(alignment) once again at Bara’s Nijgadh along the East-West Railways.</span></p> <p><span style="font-size:20px">Officials at the Department of Railways said that talks between stakeholders of Nijgadh Municipality and the department had changed the track design(alignment) along the Nijgadh section for the second time. </span></p> <p><span style="font-size:20px">Engineer Sumod Pokhrel at the department said that alignment was changed for the second time to build station of East-west railways and Kathmandu-Birgunj railways to be constructed by India at the same place. </span></p> <p><span style="font-size:20px">Earlier, the track design was prepared from the east banks of Bakaiya khola at Nijgadh. As per the new track design, railway’s alignment will pass through forest area across Bakaiya khola at Nijgadh-10. </span></p> <p><span style="font-size:20px">Nepal government has initiated the work of 925 kilometers long railways from Kakarvitta in the east to Kanchnapur’s Gaddachauki in the west. </span></p> <p><span style="font-size:20px">The work to open the track from Bardibash to Nijgadh is underway. Locals have been disputing over the issue of alignment at Nijgadh area.</span></p> <p><span style="font-size:20px">The department has been changing the alignment to allay concerns of the local people at Nijgadh.<br /> Locals say that the changed alignment will destroy the forest and Chure hill will be adversely affected.</span></p> <p><span style="font-size:20px">Earlier, alignment was changed due to locals’ protest. Locals had formed a Railway Victim Concern Committee and protested saying that the alignment would destroy dense forest.</span></p> <p><span style="font-size:20px">Railway department had agreed for the alignment to pass through the banks of Bakaiya Khola to address the concerns of local people.</span></p> <p><span style="font-size:20px">Then, locals had submitted a memorandum of understanding to various agencies including the Office of Prime Minister. They had staged protest at various places, disrupting the survey work. It takes 50-meter breadth of geography for the railway. </span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17237', 'image' => '20230410072821_collage (67).jpg', 'article_date' => '2023-04-10 07:25:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '17501', 'article_category_id' => '1', 'title' => 'Appointment of All Tourism Goodwill Ambassadors Scrapped ', 'sub_title' => '', 'summary' => 'The Ministry of Culture, Tourism and Civil Aviation has decided to terminate the appointment of all tourism goodwill ambassadors.', 'content' => '<p><br /> <span style="font-size:20px">April 10: The Ministry of Culture, Tourism and Civil Aviation has decided to terminate the appointment of all tourism goodwill ambassadors.</span></p> <p><span style="font-size:20px">All appointments for the posts of tourism ambassadors are scrapped from the tourism minister-level decision, said Minister for Culture, Tourism and Civil Aviation Sudan Kirati. </span></p> <p><span style="font-size:20px">With the approval of Tourism Promotion Procedures 2079 BS, all the sitting goodwill ambassadors have been terminated, said Minister Kirati.</span></p> <p><span style="font-size:20px">However, the new procedures have opened the avenues for their reappointment after fulfilling the processes. Earlier, tourism goodwill ambassadors were appointed prior to the enactment of the procedures. </span></p> <p><span style="font-size:20px">The Ministry has also replaced the term 'goodwill ambassadors' with the 'tourism promoters'. Likewise, the Ministry has decided to write to the Ministry of Foreign Affairs for making initiatives to make flights to different cities of India from Nepalgunj Airport ----RSS </span><br /> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17236', 'image' => '20230410063011_collage (66).jpg', 'article_date' => '2023-04-10 06:28:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '17500', 'article_category_id' => '1', 'title' => 'HRA Mobilizes Medical Teams to Assist Trekkers', 'sub_title' => '', 'summary' => 'April 9: The Himalayan Rescue Association (HRA) has mobilized mobile teams of medics at three locations, to assist trekkers in remote mountain areas. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">April 9: The Himalayan Rescue Association (HRA) has mobilized mobile teams of medics at three locations, to assist trekkers in remote mountain areas. </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 medical squads have been deployed at the Everest Base Camp and Feriche in Solukhumbu, and Manang village of Manang district. </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 the Chief Executive Officer of the association, Govinda Basyal, a team comprising one foreign doctor and two Nepalis has been sent to the Everest Base Camp while two foreigners and one Nepali doctors have been sent to Feriche. Likewise, a squad of two foreign doctors and one Nepali doctor has been sent to Manang. The medical teams are accompanied by the association's employees. </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 association is a voluntary non-profit organization formed in 1973 with an objective to reduce casualties in the Himalayas of Nepal, especially in view of the increasing number of Nepalese and foreigners who trek up into the remote wilderness. -- RSS</span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17235', 'image' => '20230409062016_20210428112643_20210219104343_20201108030120_Contribution of Mountains to the Tourism Economy_1.jpg', 'article_date' => '2023-04-09 18:18:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17499', 'article_category_id' => '1', 'title' => 'Government Eager to Give Prizes to Winners but not Interested in Infrastructure Development', 'sub_title' => '', 'summary' => 'April 9: As exciting as the world of Nepali cricket is, its economy is much more depressing than that.', '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"">Bijay Damase</span></span></span></span></p> <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 9: As exciting as the world of Nepali cricket is, its economy is much more depressing than that. When the Nepalese team wins the title of any international competition, the whole nation feels proud about it. At other times, neither the state nor anyone else cares about the players and sports infrastructure. The result of this is the exodus of players.</span></span></span></span></p> <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"">What shall the players expect in a country that doesn't even have a decent playing ground? The sports infrastructure in Nepal is insufficient and the salary of the players is also nominal. Neither the player nor the sports fan is satisfied with this.</span></span></span></span></p> <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"">Even though the government formed the Ministry of Sports to look after the sports sector, it has not done anything other than honoring the best players. The government has been giving a small budget based on the progress of the game while the Nepal Cricket Association (CAN) is providing salary and stipends to the national players with the support from the International Cricket Council (ICC) and the Asian Cricket Council (ACC).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The government does not provide financial support to conduct sports competitions. The state only supports organization the Prime Minister's Cup tournament. Last year, the budget for the Prime Minister's Cup was Rs 6 million. This year it has been reduced to Rs 4 million. CAN officials say that their cost is around Rs 20 million.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The entire sports sector is reeling under financial crisis. CAN president Chatur Bahadur Chand says that sports sponsorship has started to decrease due to financial problems faced by the private sector. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The ICC gives CAN US$1.3 million annually. CAN has been managing the expenses of the coaches to the national tournament from that money in addition to other sponsorships.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The salary of male players under central contract has been increased by Rs 10,000 per month. Before the increase, A grade players used to get Rs 50,000, B grade Rs 40,000 and C grade Rs 30,000 per month. Now A grade male players are getting Rs 60,000, while that of B grade players is Rs 50,000 and Rs 40,000 for C grade. The new salary scale was implemented from last year. Similarly, CAN has increased Rs 5,000 per month for C grade and 6,000 for A and B grade players. Earlier, female players of C grade used to get Rs 10,000, B grade Rs 12,000 and A grade Rs 15,000 per month.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the 2022 Central Player Agreement of CAN, the A Grade players in men’s category include Sandeep Lamichhane, Gyanendra Malla, Dipendra Singh Airee, Sompal Kami and Karan KC. Similarly, Kushal Bhurtel, Aasif Sheikh, Sharad Vesawkar, Aarif Sheikh, Avhinash Bohra, Binod Bhandari fall in B grade. Grade C players include Kushal Malla, Rohit Kumar Paudel, Kamal Singh Airee, Bikram Sob, Sahab Alam, Sushan Bhari and Pawan Sarraff.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In the women's side, the Grade A players include Rubina Chhetri Belbase, Sita Ranamagar, Indu Berma, Kajal Shrestha and Karuna Bhandari. Grade B players include Sarita Magar, Kabita Kunwar, Apsari Begum, Saraswati Chaudhary, Sabnam Rai and Jyoti Pandey.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The Grade C players are Dolly Bhatt, Kabita Joshi, Sangeeta Rai, Roma Thapa, Asmina Karmacharya, Mamta Chaudhary and Bindu Rawal. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">"The amount given by the ICC is spent on players, coaches, CAN staff, competitions and awards to the winners," Chand said, "Most of the amount is spent on closed-camp trainings." </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The Asian Cup qualifiers require 60-day camp. One player’s daily expense for staying in a hotel during the closed-camp training is Rs 3,500 to Rs 4,000. CAN spends Rs 100,000 per day for such players for food and accommodation. It means that Rs 6 million will be spent in 60 days. This expense is neither borne by the government nor the ICC. Chand says that CAN itself has to raise this amount by taking loans. According to him, players get USD 50 allowance per day while playing ICC and ACC-level tournaments. They get other additional facilities including food and accommodation and additional incentive money from the CAN.</span></span></span></span></p> <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"">Apart from ICC, CAN's other source is money raised from sponsors and spectators. </span></span></span></span></p> <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"">CAN President Chand says that there is not much sponsorship in sports competitions from government organizations and the private sector. "We have submitted several proposals for sponsorship to Nepal Telecom and Electricity Authority, but there was no response," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Although it is everyone's responsibility to elevate cricket, it is being neglected by the government institutions. </span></span></span></span></p> <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"">"Government should emphasize on physical infrastructure development for cricket," says Chand, "Government should give instructions to government organizations for sponsorship. Only then will the sport develop.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif""> Former captain of the Nepali National Cricket Team LB Chhetri says that the government is neglecting cricket. According to him, the government does not give the award on time even after the victory, let alone building the physical infrastructure.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17234', 'image' => '20230409022655_20230313054451_collage - 2023-03-13T173709.540.jpg', 'article_date' => '2023-04-09 14:25:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17498', 'article_category_id' => '1', 'title' => 'Government Seeks Suggestions for Upcoming Budget ', 'sub_title' => '', 'summary' => 'April 9: The Ministry of Finance has asked for suggestions for the budget of the upcoming fiscal year (FY 2023/24).', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 9: The Ministry of Finance has asked for suggestions for the budget of the upcoming fiscal year (FY 2023/24). The ministry has formed a budget drafting team and the team has asked to seek suggestions from all stakeholders and the general public for the budget.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The five-member budget drafting team has been formed under the coordination of Joint Secretary Bhupal Baral. According to a ministerial decision of the ministry on March 8, the team will draft the principles and priorities of the appropriation bill. The budget drafting team consists of joint secretaries Anand Kafle, Dhaniram Sharma, and Janakraj Sharma and joint secretaries Uttar Kumar Khatri and Baburam Subedi.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Formal suggestions for the budget can be given before April 28. The notification issued by the ministry reads, "The work related to the budget formulation of the Government of Nepal for the fiscal year 2023/24 has already started. Please provide valuable suggestions to this ministry by April 28, regarding the topics suitable to be included in the budget and program for the next fiscal year.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The ministry has asked various associations, organizations, intellectuals, experts, political parties, businessmen, social workers, professionals, employees, media and the general public to submit their suggestions. Such suggestions can be given through the budget suggestions tab on the ministry's website or through email.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Newly appointed Finance Minister Dr Praka Sharan Mahat has said that while making the next budget, he will give priority to increasing capital expenditure while adopting austerity measures in general expenditure. The National Planning Commission has also fixed the ceiling of the budget and sent it to the Ministry of Finance. According to the constitutional provision, the federal government should draft the budget by April 28.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17233', 'image' => '20230409014200_budget new.jpg', 'article_date' => '2023-04-09 13:41:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17497', 'article_category_id' => '1', 'title' => 'Imports of Consumer Goods, Raw Materials Decline to an ‘All-time Low’', 'sub_title' => '', 'summary' => 'April 9: The impact of the recession on the market has been clearly seen in the import of goods from Birgunj Customs, the largest dry port of Nepal in terms of import and export volume. ', '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 9: The impact of the recession on the market has been clearly seen in the import of goods from Birgunj Customs, the largest dry port of Nepal in terms of import and export volume. The import of most of the major goods entering through this border 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"">Data of Birgunj Customs shows that imports of 17 out of 20 major items have decreased. Customs officials say that the impact of recession on business in the wake of Covid-19 pandemic has clearly visible from the decline in goods at the customs.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Information Officer of Birgunj Customs, Ram Chandra Dhakal said that the import of petroleum products, vehicles and industrial raw materials, which were the major imports in the past, has decreased significantly. “Imports of goods consumed in the domestic market and raw materials for exportable products have also decreased. Such a situation has never been before," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the customs officials, the import of diesel, which is number one in the import list, has decreased by 31 percent from July to February of the current fiscal year compared to the same period of the previous 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"">Similarly, import of petrol has decreased by 10 percent. According to the customs data, the import of aviation fuel has decreased by 77 percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Entrepreneur Rajesh Kyal says that fuel consumption has dropped due to the lack of demand in the domestic market and slump in the construction business. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Imports of MS steel strips and billets, the raw materials used by the construction materials industry, have also decreased by 93 and 70 percent, respectively, according to the customs data. The import of coal consumed by the cement industry has decreased by about 60 percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The import of dozers used in construction work has decreased by 64 percent. The import of industrial equipment also seems to have declined. Such imports have decreased by 12 percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Import of semi-refined soybean oil has decreased by 92 percent and semi-refined palm oil by 62 percent. Import of semi-refined sunflower oil has decreased by 57 percent. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Exports of the industries which used to import semi-refined oil and export it to India are now almost at a standstill. After India adopted a policy to impose zero duty on oil imports, the export from Nepal, which until then capitalized on the difference in the duty rates, has now come to a standstill.</span></span></span></span></p> <p><span style="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 import of jeeps, cars and vans has decreased by 84 percent. The government had restricted imports to reduce pressure on foreign exchange reserves. Traders say that even though the import ban was lifted recently, there hasn’t been much imports due to lack of demand in the domestic market of Nepal.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17232', 'image' => '20230409010647_Birgunj.jpg', 'article_date' => '2023-04-09 13:05:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17496', 'article_category_id' => '1', 'title' => 'Saakha Group Starts Commercial Production of Compost Fertilizer', 'sub_title' => '', 'summary' => 'April 9: Saakha Group, which has been engaged in the business of steel, housing, painting and others, has entered into commercial production of compost fertilizer as well.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 9: Saakha Group, which has been engaged in the business of steel, housing, painting and others, has entered into commercial production of compost fertilizer as well. Saakha Group, which has started trial production in collaboration with some municipalities of Bhaktapur, has been producing compost manure commercially for four months now.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The director of Saakh Group, Kiran Prakash Saakha said that the production of compost fertilizer has been started in Nepal by establishing a subsidiary company under the group. To produce such fertilizer, the group established Rikisi Daiichi Compost Fertilizer and Agro Farm Pvt. Ltd. in Dudhauli Municipality of Sindhuli, where Saakha is the president of the company.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to him, the company introduced fertilizer to the market commercially in collaboration with Rikisi Compost Pvt. Ltd. The company is producing compost fertilizer using the Japanese “CNBN” technology. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“Nowadays, on the one hand, waste management in municipalities has become a challenge. Where on the other hand billions of rupees are being spent on importing chemical fertilizers in the country,” Saakha said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that production of compost fertilizer started in collaboration with Thimi and other municipalities of Bhaktapur. After the success of the trial production, they started producing fertilizer commercially. Saakha claims that the quality of the fertilizer is good and that the fertilizer is produced according to the standards set by the government.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Currently, the company is producing 580 tons of compost in one lot. He said that this compost fertilizer will work like chemical fertilizers and that its production will be further expanded in cooperation with all municipalities.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">This fertilizer is produced from raw materials such as cattle dung, dung, leaf litter, and red soil. According to Saakha, the manure is odorless and can be used in vegetable, paddy and fruit crops. According to Kiran Saakha, the company will continue to produce fertilizers in collaboration with the private sector and municipalities in the future.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17231', 'image' => '20230409104855_1681015769.jpg', 'article_date' => '2023-04-09 10:48:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17495', 'article_category_id' => '1', 'title' => 'KMC Mayor says Political Party Leaders must be Dumped in Sisdole', 'sub_title' => '', 'summary' => 'April 9: Kathmandu Metropolitan City (KMC)’s Mayor Balen Shah made critical comments on the leaders of political parties on social media', '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 9: Kathmandu Metropolitan City (KMC)’s Mayor Balen Shah made critical comments on the leaders of political parties on social media</span></span></span></span></p> <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"">Mayor Shah wrote on his official Facebook page on Saturday that he will not pick up the garbage of Singha Darbar.</span></span></span></span></p> <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"">"If the country is to be cleaned, its leaders will have to be dumped in Sisdole (dumping site)," wrote Shah.</span></span></span></span></p> <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"">Mayor Shah hinted that he will not cooperate with Singha Durbar from Saturday itself after the government did not cooperate with him when he tried to drive a dozer in the squatters’ settlement on the banks of Bagmati River in Garigaon on Friday.</span></span></span></span></p> <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 wrote on Facebook: "Starting from today (April 8), the garbage of Singha Durbar will not be picked up, if the country has to be cleaned, its leaders will have to be dumped in Sisdole."</span></span></span></span></p> <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"">Shah’s critical statement that leaders will have to be dumped in Sisdole, the site where the garbage of the Kathmandu Valley is disposes, has now become a topic of hot discussion on social media.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17230', 'image' => '20230409101324_1680932848.balen shaha.jpg', 'article_date' => '2023-04-09 10:12:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17494', 'article_category_id' => '1', 'title' => 'Ministry Cautions Over the Role of Middlemen ', 'sub_title' => '', 'summary' => 'April 9: The Ministry of Labour, Employment and Social Security (MOLESS) has urged one and all not to rely on middlemen to get financial assistance through the Foreign Employment Board (FEB).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 9: The Ministry of Labour, Employment and Social Security (MOLESS) has urged one and all not to rely on middlemen to get financial assistance through the Foreign Employment Board (FEB). The caution comes in the wake of reports that the families of migrant workers, who lost their lives in foreign employment, have been cheated by middlemen while received the insurance amount from the FEB. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Death registration certificate, recommendation of the municipality along with the documents that come with the dead body from abroad are required to receive the amount for death insurance, which can be easily made through the respective municipality. Hence, there was no need to use intermediary for that," reads a statement issued by Joint Secretary and Spokesperson of MOLESS Dandu Raj Ghimire. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ministry has requested all concerned to call the ministry’s toll-free number 16600150005141 or number 977-1-5970008 or call and message 9801800013, 9851180959 on Viber and IMO for any concerns related to this matter. It has also warned severe action against anyone who engages in unnecessary interference and cheats on the pretext of helping the families of the workers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, police have arrested six people on the charge of cheating the families of deceased workers. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17229', 'image' => '20230409095710_foreign emp.jpg', 'article_date' => '2023-04-09 09:56:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17493', 'article_category_id' => '1', 'title' => 'Third Nat'l Cooperative Congress Concludes Issuing 11-Point Declaration ', 'sub_title' => '', 'summary' => 'April 9: The Third National Cooperative Congress concluded on Saturday by issuing an 11-point declaration with emphasis on production, procession and marketing to contribute in the making of a self-reliant economy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 9: The Third National Cooperative Congress concluded on Saturday by issuing an 11-point declaration with emphasis on production, procession and marketing to contribute in the making of a self-reliant economy. </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 declaration focused on environment-friendly agriculture, imports substitution, exports promotion, employment generation and advancing public private and cooperative partnership. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Development of massive and exclusive productions through the specialized cooperative association, promotion of agriculture and livestock related sector and establishment of mega farms and development of value and supply chains are also included in the declaration. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking in the concluding session, former prime minister and CPN (UML) Chairman KP Sharma Oli said that cooperative organisations are the saviour of economy in the time of crisis. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Oli suggested that the cooperatives should invest in agricultural production through integrated lands and asked the cooperative orgnaisations not to expect for grants. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former vice-chairperson of the National Planning Commission Pushpa Raj Kandel praised the roles of cooperatives for contributing to achieve UN Sustainable Development Goals (SDGs). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, another former vice-chairperson of National Planning Commission Dr Govinda Pokharel said the cooperative sector has encouraged the low-income community for their economic progress and make the market vibrant. He viewed that cooperatives are needed to safeguard capitalism. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17228', 'image' => '20230409095131_cooperatives.jpg', 'article_date' => '2023-04-09 09:50:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17492', 'article_category_id' => '275', 'title' => '3327 Nepalis Leave for Foreign Employment in A Day ', 'sub_title' => '', 'summary' => 'As many as 3,327 Nepali youths fly to foreign countries for jobs formally on a daily basis lately. A total of 99,839 Nepali youths took the labour permits and left the country in the month of Falgun 2079, 23.29 up from same period in 2078, according to the Department of Foreign Employment. ', 'content' => '<p><span style="font-size:20px">April 9: As many as 3,327 Nepali youths have been flying to foreign countries for jobs formally on a daily basis lately. A total of 99,839 Nepali youths took the labour permits and left the country in the month of Falgun 2079, 23.29 percent up from same period in 2078, according to the Department of Foreign Employment. </span></p> <p><span style="font-size:20px">A total of 80,977 youths had obtained labour permits and went for the jobs overseas in the month of Falgun 2078. <br /> To be eligible to go for job overseas, one has to receive labour permit from the Department of Foreign Employment. But, the real number of youths going for foreign employment is much higher than the data made available by the Department of Foreign Employment.</span></p> <p><span style="font-size:20px">A large number of people enter European countries, the United States, Japan, South Korea, Australia, UAE on Visitor Visa, and start working illegally, claim refugee status or begin to work on working visa as well, say labour experts. </span></p> <p><span style="font-size:20px">The trend among the youths to leave for the foreign jobs is increasing rapidly due to limited employment opportunities in the country.</span></p> <p><span style="font-size:20px">Apart from people going to the foreign country on work permit, the number of people moving to foreign countries on student visa is also huge. According to Rastriya Samachar Samiti, 80,000 students have received No Objection letter(NOC)from the Ministry of Education, Science and Technology in the eight months of the current fiscal year. </span></p> <p><span style="font-size:20px">Of late, remittance sent by Nepalis employed abroad has become a lifeline to Nepal’s economy. Foreign employment and remittances have proved to be instrumental to lift the economic conditions of impoverished families in Nepal. <br /> The remittance has temporary benefits for the country and its economy. It will be fatal to the country’s economy in the long run, experts warned. </span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17227', 'image' => '20230409070657_collage (65).jpg', 'article_date' => '2023-04-09 07:04:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17506', 'article_category_id' => '1', 'title' => 'SC Quashes Petition Against SEBON, Paves Way for the Board to Issue License', 'sub_title' => '', 'summary' => '', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">April 10: The Supreme Court has paved the way for the Securities Board of Nepal (SEBON) to issue license for the second stock exchange platform in the country.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The board can now issue license after the apex court cancelled the second writ petition filed against SEBON’s move to issue such license.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">A division bench of Justices Anil Kumar Sinha and Sushma Lata Mathema decided to quashed the petition filed by advocate Deepak Bikram Mishra demanding the cancellation of the new license to be distributed by the board.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Last August, the board amended the regulations to distribute new licenses. Two cases were filed at the Supreme Court saying that the regulations amended by the board were not in accordance with the rules. Advocate Deepak Bikram Mishra filed a petition in the Supreme Court on October 17 and Advocate Amrit Kharel on November 2 demanding the cancellation of the new license distribution process.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The writ filed by advocate Amrit Kharel was dismissed on December 28 last year. A full bench of SC justices Hari Krishna Karki, Ishwar Prasad Khatiwada, Dr Anand Mohan Bhattarai, Anil Kumar Sinha and Sapna Pradhan Malla had dismissed the petition.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">With the aim of making the securities market more competitive, the Board implemented the Second Amendment to the Securities Market Operation Regulations, 2064 and the Fourth Amendment to the Securities Dealers (Securities Brokers and Securities Dealers) Regulations, 2064.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">After the implementation of the revised regulations, the board opened the application for distribution of new licenses on September 18. After the writ petition was filed, the board suspended the license distribution process from November 1.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif""> The board has already received 45 applications for new broker’s license.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Based on the capital structure, the board collected applications for the distribution of three types of broker licenses. However, the board suspended the process on November 1, the last day of collecting applications for licenses of one new stock exchange and two commodity exchange ompanies following the court order.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17241', 'image' => '20230410025857_Supreme Court.jpg', 'article_date' => '2023-04-10 14:57:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17505', 'article_category_id' => '1', 'title' => 'Policyholders Surrendering Life Insurance Policy on the Rise', 'sub_title' => '', 'summary' => 'April 10: The number of policyholders surrendering their insurance policies is on a rise in Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">April 10: The number of policyholders surrendering their insurance policies is on a rise in Nepal. Due to the increase in the number of policy surrenders, the life insurance companies had to refund nearly Rs 9 billion in insurance fees in just eight months of the current fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the Nepal Insurance Authority, the insurance companies have returned more than Rs 5.85 billion from mid-July to mid-March of the current fiscal year after the insured surrendered their policy.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As per the authority, the highest number of policies was surrendered from mid-July to mid-August, withdrawing more than Rs 1.51 billion from the insurance companies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Similarly, from mid-February to mid-March, insurance companies returned more than Rs 1 billion in insurance fee through policy surrender of 8,939 policies, according to the data released by the authority. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During the review period, the highest amount of insurance fee was returned by Nepal Life Insurance Company worth Rs 342 million. In the second place, it is Life Insurance Corporation (Nepal) Limited returned Rs 157.3 million. In the third place was National Insurance Institute, which returned Rs 144.1 million due to surrender of insurance fee.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Suresh Prasad Khatri, Chief Executive Officer of National Life Insurance Company, says that policy surrender has increased now than in the past due to the direct impact of economic slowdown, affecting insurance business as well.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“Most of the insured had deposited money in the cooperatives and paid the insurance fee with the interest. However, due to the collapse of the cooperatives, the way to pay the insurance fee of the insured has been closed,” said Khatri, adding, “Business as well has halted currently, closing the door for insured to pay the insurance fees. Many insured people were forced to surrender their policy due to not being able to pay the insurance fee.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance is done by people only after fulfilling their other basic requirements. At present, as the source of income has stopped, many people are struggling to meet their basic needs. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17240', 'image' => '20230410013744_Insurance.jpg', 'article_date' => '2023-04-10 13:37:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17504', 'article_category_id' => '1', 'title' => 'Construction Industry Suffering due to Delay in Payment of Large Amount', 'sub_title' => '', 'summary' => 'April 10: Vice Chairman of National Planning Commission (NPC) Dr. Min Bahadur Shrestha has revealed that the economy has come to a standstill because of the government’s delay releasing payment of large amount of money to the builders.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">April 10: Vice Chairman of National Planning Commission (NPC) Dr. Min Bahadur Shrestha has revealed that the economy has come to a standstill because of the government’s delay releasing payment of large amount of money to the builders. He added that the government is positive about the payment of money to the construction entrepreneurs though.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During a meeting with representatives of the Federation of Contractor’s Association of Nepal (FCAN) on Sunday, Shrestha said that there are many problems in the construction industry. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He noted that builders are suffering from problems such as difficulty in acquiring land, lack of budget and construction materials, and community resistance. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“As an umbrella organization, the federation can make construction professionals more responsible and the personal role should be made more effective,” Shrestha said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During the meeting, FCAN President Ravi Singh apprised NPC Vice Chair Shrestha about the existing problems of the construction industry and the solutions. He said that the construction industry could not become professional because of the government's working style. Singh said that the practice of inviting tenders without managing the budget is wrong and mentioned that the practice of not being able to use the resources of the country should be ended.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">FCAN also demanded that the businessmen should receive 20 percent mobilization deposit as per the Public Procurement Act. Meanwhile, FCAN mentioned that the businessmen who were hit hard by the inflation in recent times did not get any relief. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">FCAN also emphasized that the National Planning Commission should work boldly without bowing to pressure from anyone while drawing attention to the issues that should be included in the upcoming budget for the development of the construction industry.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17239', 'image' => '20230410120236_fcann.jpg', 'article_date' => '2023-04-10 12:01:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17503', 'article_category_id' => '1', 'title' => 'Department of Civil Registration Revises Provision about Non-Marital Child ', 'sub_title' => '', 'summary' => 'April 10: The Department of National ID and Civil Registration has come up with a new circular for issuing a birth certificate to a non-marital child. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 10: The Department of National ID and Civil Registration has come up with a new circular for issuing a birth certificate to a non-marital child. The fresh circular mandates the authorities concerned to record the birth details of a child born to a single mother and whose paternal lineage remains unidentified in mother's surname along with her address. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, on April 5, the department added a new provision targeting a non-marital child with unidentified paternal lineage. The circular was for issuing birth certificate to such child with the surname of his/her maternal family. The circular received widespread criticism, citing it a case of gender-based discrimination against women as it disapproved the independent identity of a woman in case the father of the child gets identified. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General of the department Rudra Prasad Pundit said the provision was revised following the public concerns over the previous circular. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the clause requiring cancellation of the birth registration issued under this category and the issuance of a new certificate with the address of the father if the identity of the child's father is ascertained was also revised. Now in such situation, the new birth certificate shall be issued with the father's surname or mother's or of both. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17238', 'image' => '20230410102255_Rastriya-Parichayapatra-and-Panjikaran-Bibhag.jpg', 'article_date' => '2023-04-10 10:21:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17502', 'article_category_id' => '1', 'title' => 'Department of Railways Changes Alignment at Nijgadh Section of East-West Railways ', 'sub_title' => '', 'summary' => 'Department of Railways has changed a track design(alignment) once again at Bara’s Nijgadh along the East-West Railways.', 'content' => '<p><span style="font-size:20px"> <br /> April 10: Department of Railways has changed a track design(alignment) once again at Bara’s Nijgadh along the East-West Railways.</span></p> <p><span style="font-size:20px">Officials at the Department of Railways said that talks between stakeholders of Nijgadh Municipality and the department had changed the track design(alignment) along the Nijgadh section for the second time. </span></p> <p><span style="font-size:20px">Engineer Sumod Pokhrel at the department said that alignment was changed for the second time to build station of East-west railways and Kathmandu-Birgunj railways to be constructed by India at the same place. </span></p> <p><span style="font-size:20px">Earlier, the track design was prepared from the east banks of Bakaiya khola at Nijgadh. As per the new track design, railway’s alignment will pass through forest area across Bakaiya khola at Nijgadh-10. </span></p> <p><span style="font-size:20px">Nepal government has initiated the work of 925 kilometers long railways from Kakarvitta in the east to Kanchnapur’s Gaddachauki in the west. </span></p> <p><span style="font-size:20px">The work to open the track from Bardibash to Nijgadh is underway. Locals have been disputing over the issue of alignment at Nijgadh area.</span></p> <p><span style="font-size:20px">The department has been changing the alignment to allay concerns of the local people at Nijgadh.<br /> Locals say that the changed alignment will destroy the forest and Chure hill will be adversely affected.</span></p> <p><span style="font-size:20px">Earlier, alignment was changed due to locals’ protest. Locals had formed a Railway Victim Concern Committee and protested saying that the alignment would destroy dense forest.</span></p> <p><span style="font-size:20px">Railway department had agreed for the alignment to pass through the banks of Bakaiya Khola to address the concerns of local people.</span></p> <p><span style="font-size:20px">Then, locals had submitted a memorandum of understanding to various agencies including the Office of Prime Minister. They had staged protest at various places, disrupting the survey work. It takes 50-meter breadth of geography for the railway. </span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17237', 'image' => '20230410072821_collage (67).jpg', 'article_date' => '2023-04-10 07:25:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '17501', 'article_category_id' => '1', 'title' => 'Appointment of All Tourism Goodwill Ambassadors Scrapped ', 'sub_title' => '', 'summary' => 'The Ministry of Culture, Tourism and Civil Aviation has decided to terminate the appointment of all tourism goodwill ambassadors.', 'content' => '<p><br /> <span style="font-size:20px">April 10: The Ministry of Culture, Tourism and Civil Aviation has decided to terminate the appointment of all tourism goodwill ambassadors.</span></p> <p><span style="font-size:20px">All appointments for the posts of tourism ambassadors are scrapped from the tourism minister-level decision, said Minister for Culture, Tourism and Civil Aviation Sudan Kirati. </span></p> <p><span style="font-size:20px">With the approval of Tourism Promotion Procedures 2079 BS, all the sitting goodwill ambassadors have been terminated, said Minister Kirati.</span></p> <p><span style="font-size:20px">However, the new procedures have opened the avenues for their reappointment after fulfilling the processes. Earlier, tourism goodwill ambassadors were appointed prior to the enactment of the procedures. </span></p> <p><span style="font-size:20px">The Ministry has also replaced the term 'goodwill ambassadors' with the 'tourism promoters'. Likewise, the Ministry has decided to write to the Ministry of Foreign Affairs for making initiatives to make flights to different cities of India from Nepalgunj Airport ----RSS </span><br /> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17236', 'image' => '20230410063011_collage (66).jpg', 'article_date' => '2023-04-10 06:28:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '17500', 'article_category_id' => '1', 'title' => 'HRA Mobilizes Medical Teams to Assist Trekkers', 'sub_title' => '', 'summary' => 'April 9: The Himalayan Rescue Association (HRA) has mobilized mobile teams of medics at three locations, to assist trekkers in remote mountain areas. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">April 9: The Himalayan Rescue Association (HRA) has mobilized mobile teams of medics at three locations, to assist trekkers in remote mountain areas. </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 medical squads have been deployed at the Everest Base Camp and Feriche in Solukhumbu, and Manang village of Manang district. </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 the Chief Executive Officer of the association, Govinda Basyal, a team comprising one foreign doctor and two Nepalis has been sent to the Everest Base Camp while two foreigners and one Nepali doctors have been sent to Feriche. Likewise, a squad of two foreign doctors and one Nepali doctor has been sent to Manang. The medical teams are accompanied by the association's employees. </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 association is a voluntary non-profit organization formed in 1973 with an objective to reduce casualties in the Himalayas of Nepal, especially in view of the increasing number of Nepalese and foreigners who trek up into the remote wilderness. -- RSS</span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17235', 'image' => '20230409062016_20210428112643_20210219104343_20201108030120_Contribution of Mountains to the Tourism Economy_1.jpg', 'article_date' => '2023-04-09 18:18:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17499', 'article_category_id' => '1', 'title' => 'Government Eager to Give Prizes to Winners but not Interested in Infrastructure Development', 'sub_title' => '', 'summary' => 'April 9: As exciting as the world of Nepali cricket is, its economy is much more depressing than that.', '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"">Bijay Damase</span></span></span></span></p> <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 9: As exciting as the world of Nepali cricket is, its economy is much more depressing than that. When the Nepalese team wins the title of any international competition, the whole nation feels proud about it. At other times, neither the state nor anyone else cares about the players and sports infrastructure. The result of this is the exodus of players.</span></span></span></span></p> <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"">What shall the players expect in a country that doesn't even have a decent playing ground? The sports infrastructure in Nepal is insufficient and the salary of the players is also nominal. Neither the player nor the sports fan is satisfied with this.</span></span></span></span></p> <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"">Even though the government formed the Ministry of Sports to look after the sports sector, it has not done anything other than honoring the best players. The government has been giving a small budget based on the progress of the game while the Nepal Cricket Association (CAN) is providing salary and stipends to the national players with the support from the International Cricket Council (ICC) and the Asian Cricket Council (ACC).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The government does not provide financial support to conduct sports competitions. The state only supports organization the Prime Minister's Cup tournament. Last year, the budget for the Prime Minister's Cup was Rs 6 million. This year it has been reduced to Rs 4 million. CAN officials say that their cost is around Rs 20 million.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The entire sports sector is reeling under financial crisis. CAN president Chatur Bahadur Chand says that sports sponsorship has started to decrease due to financial problems faced by the private sector. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The ICC gives CAN US$1.3 million annually. CAN has been managing the expenses of the coaches to the national tournament from that money in addition to other sponsorships.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The salary of male players under central contract has been increased by Rs 10,000 per month. Before the increase, A grade players used to get Rs 50,000, B grade Rs 40,000 and C grade Rs 30,000 per month. Now A grade male players are getting Rs 60,000, while that of B grade players is Rs 50,000 and Rs 40,000 for C grade. The new salary scale was implemented from last year. Similarly, CAN has increased Rs 5,000 per month for C grade and 6,000 for A and B grade players. Earlier, female players of C grade used to get Rs 10,000, B grade Rs 12,000 and A grade Rs 15,000 per month.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the 2022 Central Player Agreement of CAN, the A Grade players in men’s category include Sandeep Lamichhane, Gyanendra Malla, Dipendra Singh Airee, Sompal Kami and Karan KC. Similarly, Kushal Bhurtel, Aasif Sheikh, Sharad Vesawkar, Aarif Sheikh, Avhinash Bohra, Binod Bhandari fall in B grade. Grade C players include Kushal Malla, Rohit Kumar Paudel, Kamal Singh Airee, Bikram Sob, Sahab Alam, Sushan Bhari and Pawan Sarraff.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In the women's side, the Grade A players include Rubina Chhetri Belbase, Sita Ranamagar, Indu Berma, Kajal Shrestha and Karuna Bhandari. Grade B players include Sarita Magar, Kabita Kunwar, Apsari Begum, Saraswati Chaudhary, Sabnam Rai and Jyoti Pandey.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The Grade C players are Dolly Bhatt, Kabita Joshi, Sangeeta Rai, Roma Thapa, Asmina Karmacharya, Mamta Chaudhary and Bindu Rawal. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">"The amount given by the ICC is spent on players, coaches, CAN staff, competitions and awards to the winners," Chand said, "Most of the amount is spent on closed-camp trainings." </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The Asian Cup qualifiers require 60-day camp. One player’s daily expense for staying in a hotel during the closed-camp training is Rs 3,500 to Rs 4,000. CAN spends Rs 100,000 per day for such players for food and accommodation. It means that Rs 6 million will be spent in 60 days. This expense is neither borne by the government nor the ICC. Chand says that CAN itself has to raise this amount by taking loans. According to him, players get USD 50 allowance per day while playing ICC and ACC-level tournaments. They get other additional facilities including food and accommodation and additional incentive money from the CAN.</span></span></span></span></p> <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"">Apart from ICC, CAN's other source is money raised from sponsors and spectators. </span></span></span></span></p> <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"">CAN President Chand says that there is not much sponsorship in sports competitions from government organizations and the private sector. "We have submitted several proposals for sponsorship to Nepal Telecom and Electricity Authority, but there was no response," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Although it is everyone's responsibility to elevate cricket, it is being neglected by the government institutions. </span></span></span></span></p> <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"">"Government should emphasize on physical infrastructure development for cricket," says Chand, "Government should give instructions to government organizations for sponsorship. Only then will the sport develop.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif""> Former captain of the Nepali National Cricket Team LB Chhetri says that the government is neglecting cricket. According to him, the government does not give the award on time even after the victory, let alone building the physical infrastructure.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17234', 'image' => '20230409022655_20230313054451_collage - 2023-03-13T173709.540.jpg', 'article_date' => '2023-04-09 14:25:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17498', 'article_category_id' => '1', 'title' => 'Government Seeks Suggestions for Upcoming Budget ', 'sub_title' => '', 'summary' => 'April 9: The Ministry of Finance has asked for suggestions for the budget of the upcoming fiscal year (FY 2023/24).', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 9: The Ministry of Finance has asked for suggestions for the budget of the upcoming fiscal year (FY 2023/24). The ministry has formed a budget drafting team and the team has asked to seek suggestions from all stakeholders and the general public for the budget.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The five-member budget drafting team has been formed under the coordination of Joint Secretary Bhupal Baral. According to a ministerial decision of the ministry on March 8, the team will draft the principles and priorities of the appropriation bill. The budget drafting team consists of joint secretaries Anand Kafle, Dhaniram Sharma, and Janakraj Sharma and joint secretaries Uttar Kumar Khatri and Baburam Subedi.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Formal suggestions for the budget can be given before April 28. The notification issued by the ministry reads, "The work related to the budget formulation of the Government of Nepal for the fiscal year 2023/24 has already started. Please provide valuable suggestions to this ministry by April 28, regarding the topics suitable to be included in the budget and program for the next fiscal year.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The ministry has asked various associations, organizations, intellectuals, experts, political parties, businessmen, social workers, professionals, employees, media and the general public to submit their suggestions. Such suggestions can be given through the budget suggestions tab on the ministry's website or through email.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Newly appointed Finance Minister Dr Praka Sharan Mahat has said that while making the next budget, he will give priority to increasing capital expenditure while adopting austerity measures in general expenditure. The National Planning Commission has also fixed the ceiling of the budget and sent it to the Ministry of Finance. According to the constitutional provision, the federal government should draft the budget by April 28.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17233', 'image' => '20230409014200_budget new.jpg', 'article_date' => '2023-04-09 13:41:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17497', 'article_category_id' => '1', 'title' => 'Imports of Consumer Goods, Raw Materials Decline to an ‘All-time Low’', 'sub_title' => '', 'summary' => 'April 9: The impact of the recession on the market has been clearly seen in the import of goods from Birgunj Customs, the largest dry port of Nepal in terms of import and export volume. ', '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 9: The impact of the recession on the market has been clearly seen in the import of goods from Birgunj Customs, the largest dry port of Nepal in terms of import and export volume. The import of most of the major goods entering through this border 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"">Data of Birgunj Customs shows that imports of 17 out of 20 major items have decreased. Customs officials say that the impact of recession on business in the wake of Covid-19 pandemic has clearly visible from the decline in goods at the customs.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Information Officer of Birgunj Customs, Ram Chandra Dhakal said that the import of petroleum products, vehicles and industrial raw materials, which were the major imports in the past, has decreased significantly. “Imports of goods consumed in the domestic market and raw materials for exportable products have also decreased. Such a situation has never been before," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the customs officials, the import of diesel, which is number one in the import list, has decreased by 31 percent from July to February of the current fiscal year compared to the same period of the previous 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"">Similarly, import of petrol has decreased by 10 percent. According to the customs data, the import of aviation fuel has decreased by 77 percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Entrepreneur Rajesh Kyal says that fuel consumption has dropped due to the lack of demand in the domestic market and slump in the construction business. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Imports of MS steel strips and billets, the raw materials used by the construction materials industry, have also decreased by 93 and 70 percent, respectively, according to the customs data. The import of coal consumed by the cement industry has decreased by about 60 percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The import of dozers used in construction work has decreased by 64 percent. The import of industrial equipment also seems to have declined. Such imports have decreased by 12 percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Import of semi-refined soybean oil has decreased by 92 percent and semi-refined palm oil by 62 percent. Import of semi-refined sunflower oil has decreased by 57 percent. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Exports of the industries which used to import semi-refined oil and export it to India are now almost at a standstill. After India adopted a policy to impose zero duty on oil imports, the export from Nepal, which until then capitalized on the difference in the duty rates, has now come to a standstill.</span></span></span></span></p> <p><span style="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 import of jeeps, cars and vans has decreased by 84 percent. The government had restricted imports to reduce pressure on foreign exchange reserves. Traders say that even though the import ban was lifted recently, there hasn’t been much imports due to lack of demand in the domestic market of Nepal.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17232', 'image' => '20230409010647_Birgunj.jpg', 'article_date' => '2023-04-09 13:05:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17496', 'article_category_id' => '1', 'title' => 'Saakha Group Starts Commercial Production of Compost Fertilizer', 'sub_title' => '', 'summary' => 'April 9: Saakha Group, which has been engaged in the business of steel, housing, painting and others, has entered into commercial production of compost fertilizer as well.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 9: Saakha Group, which has been engaged in the business of steel, housing, painting and others, has entered into commercial production of compost fertilizer as well. Saakha Group, which has started trial production in collaboration with some municipalities of Bhaktapur, has been producing compost manure commercially for four months now.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The director of Saakh Group, Kiran Prakash Saakha said that the production of compost fertilizer has been started in Nepal by establishing a subsidiary company under the group. To produce such fertilizer, the group established Rikisi Daiichi Compost Fertilizer and Agro Farm Pvt. Ltd. in Dudhauli Municipality of Sindhuli, where Saakha is the president of the company.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to him, the company introduced fertilizer to the market commercially in collaboration with Rikisi Compost Pvt. Ltd. The company is producing compost fertilizer using the Japanese “CNBN” technology. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“Nowadays, on the one hand, waste management in municipalities has become a challenge. Where on the other hand billions of rupees are being spent on importing chemical fertilizers in the country,” Saakha said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that production of compost fertilizer started in collaboration with Thimi and other municipalities of Bhaktapur. After the success of the trial production, they started producing fertilizer commercially. Saakha claims that the quality of the fertilizer is good and that the fertilizer is produced according to the standards set by the government.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Currently, the company is producing 580 tons of compost in one lot. He said that this compost fertilizer will work like chemical fertilizers and that its production will be further expanded in cooperation with all municipalities.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">This fertilizer is produced from raw materials such as cattle dung, dung, leaf litter, and red soil. According to Saakha, the manure is odorless and can be used in vegetable, paddy and fruit crops. According to Kiran Saakha, the company will continue to produce fertilizers in collaboration with the private sector and municipalities in the future.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17231', 'image' => '20230409104855_1681015769.jpg', 'article_date' => '2023-04-09 10:48:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17495', 'article_category_id' => '1', 'title' => 'KMC Mayor says Political Party Leaders must be Dumped in Sisdole', 'sub_title' => '', 'summary' => 'April 9: Kathmandu Metropolitan City (KMC)’s Mayor Balen Shah made critical comments on the leaders of political parties on social media', '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 9: Kathmandu Metropolitan City (KMC)’s Mayor Balen Shah made critical comments on the leaders of political parties on social media</span></span></span></span></p> <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"">Mayor Shah wrote on his official Facebook page on Saturday that he will not pick up the garbage of Singha Darbar.</span></span></span></span></p> <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"">"If the country is to be cleaned, its leaders will have to be dumped in Sisdole (dumping site)," wrote Shah.</span></span></span></span></p> <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"">Mayor Shah hinted that he will not cooperate with Singha Durbar from Saturday itself after the government did not cooperate with him when he tried to drive a dozer in the squatters’ settlement on the banks of Bagmati River in Garigaon on Friday.</span></span></span></span></p> <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 wrote on Facebook: "Starting from today (April 8), the garbage of Singha Durbar will not be picked up, if the country has to be cleaned, its leaders will have to be dumped in Sisdole."</span></span></span></span></p> <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"">Shah’s critical statement that leaders will have to be dumped in Sisdole, the site where the garbage of the Kathmandu Valley is disposes, has now become a topic of hot discussion on social media.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17230', 'image' => '20230409101324_1680932848.balen shaha.jpg', 'article_date' => '2023-04-09 10:12:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17494', 'article_category_id' => '1', 'title' => 'Ministry Cautions Over the Role of Middlemen ', 'sub_title' => '', 'summary' => 'April 9: The Ministry of Labour, Employment and Social Security (MOLESS) has urged one and all not to rely on middlemen to get financial assistance through the Foreign Employment Board (FEB).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 9: The Ministry of Labour, Employment and Social Security (MOLESS) has urged one and all not to rely on middlemen to get financial assistance through the Foreign Employment Board (FEB). The caution comes in the wake of reports that the families of migrant workers, who lost their lives in foreign employment, have been cheated by middlemen while received the insurance amount from the FEB. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Death registration certificate, recommendation of the municipality along with the documents that come with the dead body from abroad are required to receive the amount for death insurance, which can be easily made through the respective municipality. Hence, there was no need to use intermediary for that," reads a statement issued by Joint Secretary and Spokesperson of MOLESS Dandu Raj Ghimire. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ministry has requested all concerned to call the ministry’s toll-free number 16600150005141 or number 977-1-5970008 or call and message 9801800013, 9851180959 on Viber and IMO for any concerns related to this matter. It has also warned severe action against anyone who engages in unnecessary interference and cheats on the pretext of helping the families of the workers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, police have arrested six people on the charge of cheating the families of deceased workers. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17229', 'image' => '20230409095710_foreign emp.jpg', 'article_date' => '2023-04-09 09:56:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17493', 'article_category_id' => '1', 'title' => 'Third Nat'l Cooperative Congress Concludes Issuing 11-Point Declaration ', 'sub_title' => '', 'summary' => 'April 9: The Third National Cooperative Congress concluded on Saturday by issuing an 11-point declaration with emphasis on production, procession and marketing to contribute in the making of a self-reliant economy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 9: The Third National Cooperative Congress concluded on Saturday by issuing an 11-point declaration with emphasis on production, procession and marketing to contribute in the making of a self-reliant economy. </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 declaration focused on environment-friendly agriculture, imports substitution, exports promotion, employment generation and advancing public private and cooperative partnership. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Development of massive and exclusive productions through the specialized cooperative association, promotion of agriculture and livestock related sector and establishment of mega farms and development of value and supply chains are also included in the declaration. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking in the concluding session, former prime minister and CPN (UML) Chairman KP Sharma Oli said that cooperative organisations are the saviour of economy in the time of crisis. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Oli suggested that the cooperatives should invest in agricultural production through integrated lands and asked the cooperative orgnaisations not to expect for grants. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former vice-chairperson of the National Planning Commission Pushpa Raj Kandel praised the roles of cooperatives for contributing to achieve UN Sustainable Development Goals (SDGs). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, another former vice-chairperson of National Planning Commission Dr Govinda Pokharel said the cooperative sector has encouraged the low-income community for their economic progress and make the market vibrant. He viewed that cooperatives are needed to safeguard capitalism. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17228', 'image' => '20230409095131_cooperatives.jpg', 'article_date' => '2023-04-09 09:50:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17492', 'article_category_id' => '275', 'title' => '3327 Nepalis Leave for Foreign Employment in A Day ', 'sub_title' => '', 'summary' => 'As many as 3,327 Nepali youths fly to foreign countries for jobs formally on a daily basis lately. A total of 99,839 Nepali youths took the labour permits and left the country in the month of Falgun 2079, 23.29 up from same period in 2078, according to the Department of Foreign Employment. ', 'content' => '<p><span style="font-size:20px">April 9: As many as 3,327 Nepali youths have been flying to foreign countries for jobs formally on a daily basis lately. A total of 99,839 Nepali youths took the labour permits and left the country in the month of Falgun 2079, 23.29 percent up from same period in 2078, according to the Department of Foreign Employment. </span></p> <p><span style="font-size:20px">A total of 80,977 youths had obtained labour permits and went for the jobs overseas in the month of Falgun 2078. <br /> To be eligible to go for job overseas, one has to receive labour permit from the Department of Foreign Employment. But, the real number of youths going for foreign employment is much higher than the data made available by the Department of Foreign Employment.</span></p> <p><span style="font-size:20px">A large number of people enter European countries, the United States, Japan, South Korea, Australia, UAE on Visitor Visa, and start working illegally, claim refugee status or begin to work on working visa as well, say labour experts. </span></p> <p><span style="font-size:20px">The trend among the youths to leave for the foreign jobs is increasing rapidly due to limited employment opportunities in the country.</span></p> <p><span style="font-size:20px">Apart from people going to the foreign country on work permit, the number of people moving to foreign countries on student visa is also huge. According to Rastriya Samachar Samiti, 80,000 students have received No Objection letter(NOC)from the Ministry of Education, Science and Technology in the eight months of the current fiscal year. </span></p> <p><span style="font-size:20px">Of late, remittance sent by Nepalis employed abroad has become a lifeline to Nepal’s economy. Foreign employment and remittances have proved to be instrumental to lift the economic conditions of impoverished families in Nepal. <br /> The remittance has temporary benefits for the country and its economy. It will be fatal to the country’s economy in the long run, experts warned. </span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-09', 'modified' => '2023-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '17227', 'image' => '20230409070657_collage (65).jpg', 'article_date' => '2023-04-09 07:04:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
