Of late, investors have lost confidence in the secondary stock market in Nepal. The NEPSE index shed 8.28 points and closed at 1,866.79 on Thursday, the last trading day of the…
Of late, investors have lost confidence in the secondary stock market in Nepal. The NEPSE index shed 8.28 points and closed at 1,866.79 on Thursday, the last trading day of the…
The Seventh Bhaktapur Industrial, Cultural, Tourism and Trade Festival kicked off from Thursday. The event is organised to mark the occasion of the Nepali New Year 2080 BS and the Bisket…
April 6: With the onset of the trekking and mountain expedition season, there has been a significant increase in the number of flights targeting Mount Everest, which is the main destination for…
April 6: The Department of National ID and Civil Registration has added a new provision for issuing a birth certificate to a child with the surname under the maternal…
April 6: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the largest umbrella organization of industrialists in the country, is currently gripped by election fever.…
April 6: Finance Secretary Toyam Raya insists that revenue collection is improving despite the internal pressure of the economy.…
April 6: A study conducted by the Kathmandu Metropolitan City (KMC) has found that the residents of the Kathmandu Valley have been facing annual losses worth Rs 116 billion due to traffic…
April 6: Construction of the Postal Highway section in Mahendranagar area has not completed even six years after signing the…
April 6: The foreign currency notes left as offerings by the visitors in Lumbini are to be now…
Independent Power Producers' Association Nepal (IPPAN) is all set to organize eighth edition of ‘Power Summit-2023’ with slogan Broodening Green Energy Markets in Kathmandu.The two-day summit scheduled for April 18 and 19 will be the largest event in energy sector, according to…
April 5: Works related to digging of the Nagdhunga Tunnel Project in Kathmandu has been halted for 20 days after digging devices got…
After four days’ consecutive fall, the NNEPSE index gained 8.39 points and settled at 1875.07 on Wednesday. NEPSE posted a rise of 0.45 per cent today against the loss of 5.20 points…
April 5: Representatives of Nepal's two major development partners: Asian Development Bank (ADB) and the World Bank (WB) have called on Finance Minister Dr Prakash Sharan Mahat and discussed relevant…
April 5: An appeal has been filed at the Supreme Court against the decision of the Special Court to acquit 21 people, including the head of Kalika Construction, Bikram Pandey, who were accused of corruption in the Sikta Irrigation Project, one of the national pride projects under construction in…
April 5: The Survey Department has started giving Login user IDs to banks and financial institutions and local level for works related to…
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]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' => '17476', 'article_category_id' => '1', 'title' => 'NEPSE Sheds 8.28 Points; Turnover Amount Witnesses Slight Spike ', 'sub_title' => '', 'summary' => 'Of late, investors have lost confidence in the secondary stock market in Nepal. The NEPSE index shed 8.28 points and closed at 1,866.79 on Thursday, the last trading day of the week. ', 'content' => '<p><span style="font-size:20px">April 6: Of late, investors have lost confidence in the secondary stock market in Nepal. The NEPSE index shed 8.28 points and closed at 1,866.79 on Thursday, the last trading day of the week. </span></p> <p><span style="font-size:20px">The secondary equity market posted a loss of 0.44%, against yesterday’s 8.39 points gain.</span></p> <p><span style="font-size:20px">The NEPSE Index has been on bearish trend for the past one and a half years. The majority of the investors have incurred losses in the market. Entry of new investors in the bearish market is very slim. </span></p> <p><span style="font-size:20px">“The government and regulators have to revise policy-level provisions for the downward trend to reverse,” say knowledgeable people. The NEPSE traded 269 scrips via 23,388 transactions. </span></p> <p><span style="font-size:20px">A total of 2,870,819 shares exchanged hands worth Rs. 92.06 crores in turnover amount. This is higher than the last trading day's turnover of Rs. 81.6 Crores.</span></p> <p><span style="font-size:20px">Shivam Cements Limited (SHIVAM) shares traded the most and had the highest turnover of Rs. 4.92 crores closing at a market price of Rs. 405 per share. Kalinchowk Darshan Limited (KDL) gained the highest 9.98% and technically hit the positive circuit for the day.</span></p> <p><span style="font-size:20px">On the contrary, Samling Power Company Limited (SPC) lost the highest 7.43% today.<br /> Sensitive Index, Float Index and Sensitive Float Index dropped 0.92%, 0.62% and 0.39% respectively today. </span></p> <p><span style="font-size:20px">Of the 13 sub-indices traded in the market, only three sectors closed in the green zone. <br /> "Trading index" gained the highest 0.19%, while "Finance" lost the highest 1.42% today.</span><br /> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17211', 'image' => '20230406055916_collage - 2023-04-03T173010.811.jpg', 'article_date' => '2023-04-06 17:56:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '17475', 'article_category_id' => '1', 'title' => 'Bhaktapur Industrial and Tourism Festival Kicks off', 'sub_title' => '', 'summary' => 'The Seventh Bhaktapur Industrial, Cultural, Tourism and Trade Festival kicked off from Thursday. The event is organised to mark the occasion of the Nepali New Year 2080 BS and the Bisket Jatra.', 'content' => '<p><br /> <span style="font-size:20px">April 6: The Seventh Bhaktapur Industrial, Cultural, Tourism and Trade Festival kicked off from Thursday. The event is organised to mark the occasion of the Nepali New Year 2080 BS and the Bisket Jatra. </span></p> <p><span style="font-size:20px">Bisket Jatra is Bhaktapur's indigenous cultural festival celebrated for eight nights and nine days in the ancient city. The festival is celebrated from the New Year's Day.</span></p> <p><span style="font-size:20px">This year, the Nepali New Year's Day falls on April 14. The Bhaktapur Industrial, Cultural, Tourism and Trade Festival is organized at local Sallaghari in the field belonging to the Nepal Trust. </span></p> <p><span style="font-size:20px">The Organisation for Industrial Peace, Nepal and Madhyapur Boys Band have organized the event with the support of Bhaktapur District Sports Development Committee. </span></p> <p><span style="font-size:20px">Two hundred stalls featuring and selling foodstuffs, clothes, agricultural and handicraft goods, metal and earthen utensils, mobile and motor cars have been set up. </span></p> <p><span style="font-size:20px">The traders have offered discounts from 20 up to 50 percent. The organizers estimate that around 500 thousand people will visit the Festival venue and the business transaction is expected to cross Rs 100 million. ---RSS </span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17210', 'image' => '20230406045148_collage - 2023-04-06T165008.639.jpg', 'article_date' => '2023-04-06 16:49:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '17473', 'article_category_id' => '1', 'title' => 'Airline Companies Increase Flights to Ramechhap with Onset of Tourist Season', 'sub_title' => '', 'summary' => 'April 6: With the onset of the trekking and mountain expedition season, there has been a significant increase in the number of flights targeting Mount Everest, which is the main destination for trekkers.', '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 6: With the onset of the trekking and mountain expedition season, there has been a significant increase in the number of flights targeting Mount Everest, which is the main destination for trekkers.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the coronavirus pandemic largely subsided, three airlines providing service to remote areas have made Ramechhap Airport as their base.</span></span></span></span></p> <p><span style="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 Civil Aviation Authority of Nepal has issued instructions to use Ramechhap Airport as the main base for making flights to Lukla Airport, where the flow of tourists is certain to increase in the peak season. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Accordingly, Sita Air, Summit Airlines and Tara Air, which are currently flying to remote areas, have started flights to Ramechhap as their base. Buddha Air, Yeti Airlines and Shree Airlines, which fly to urban destinations, have also increased mountain flights.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Sarita Pandey, Air Traffic Controller of Ramechhap Airport, said that for the first time after the coronavirus pandemic, there have been many flights from this airport. She informed that there were a total of 407 movements (flight/landing) from the three airline companies between April 1 and 5. She said that the CAAN has established Ramechhap as the base to fly to Lukla, the flights from there have increased since the beginning of April.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ghanshyam Raj Acharya, senior general manager of Sita Air, said that the business has improved compared to the Covid-19 period</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As the tourist season has started, there is a pressure on the flights to Lukla, he said, adding "There are not enough flights from Kathmandu at this time. Because of this, flights have been arranged from Ramechhap Airport to Lukla this season.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">An official of the Airline Operators Association of Nepal said that the bookings have increased by 50 percent compared to the normal situation. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Looking at the situation so far, it seems that the arrival of tourists will increase," 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"">After the start of the spring season, more mountaineers come to climb Mount Everest. Due to this, the traffic of tourists on this route will increase. The Department of Tourism has given permission to 304 people from 40 countries for mountain climbing as of Wednesday. Most of the permits have been issued for climbing Mount Everest. According to the department, 115 people have received permits to climb Mount Everest as of Wednesday.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17209', 'image' => '20230406013809_1680757937.jpg', 'article_date' => '2023-04-06 13:37:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17474', 'article_category_id' => '1', 'title' => 'Civil Registration Department adds New Provision for Birth Registration ', 'sub_title' => '', 'summary' => 'April 6: The Department of National ID and Civil Registration has added a new provision for issuing a birth certificate to a child with the surname under the maternal lineage. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 6: The Department of National ID and Civil Registration has added a new provision for issuing a birth certificate to a child with the surname under the maternal lineage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The provision has been added targeting child born to a single mother and whose paternal lineage remains unidentified. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Talking to RSS, the department’s Director General Rudra Prasad Pandit said the provision was added following the request from local levels for further clarifying provisions for the birth registration of such children. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, the department mandates the cancellation of the birth registration issued under this category if the identity of the child's father is ascertained and the child will be issuanced a new certificate along with the address of the father. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17208', 'image' => '20230406014325_Birth-Registration-process-in-Nepal.jpg', 'article_date' => '2023-04-06 13:42:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17472', 'article_category_id' => '1', 'title' => 'Election Fever Grips FNCCI', 'sub_title' => '', 'summary' => 'April 6: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the largest umbrella organization of industrialists in the country, is currently gripped by election fever. ', '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 6: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the largest umbrella organization of industrialists in the country, is currently gripped by election fever. A total of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">119</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people have registered their candidacy for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">64</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> positions to be elected at the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">57</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">th Annual General Meeting of the federation on April 11 and 12.</span></span></span></span></p> <p><span style="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 election committee of the Federation of Nepalese Chamber of Commerce and Industry, there are three candidates for one post of senior vice president, eight candidates for three posts of vice presidents and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">108</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> candidates for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> members. </span></span></span></span></p> <p><span style="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 election of the senior vice president is of particular interest because the senior vice president will automatically become the FNCCI president during the next term.</span></span></span></span></p> <p><span style="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 candidates for this post include Ram Chandra Sanghai, Umesh Lal Shrestha and Anjan Shrestha. All the three candidates for the position of senior vice president have formed their own panels. This is the first time in the history of the federation that three election panels have been formed.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ram Chandra Sanghai, who is also the current vice president, has nominated Sur Krishna Vaidya as the district vice president, Sukunta Lal Hirachan as the objective vice president and Jyotsana Shrestha as the associate vice president from his group.</span></span></span></span></p> <p><span style="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, former vice-president Umesh Lal Shrestha has nominated Dinesh Shrestha, who is still in the same position, as the district vice-president and Hemraj Dhakal as the objective vice-president from his group. </span></span></span></span></p> <p><span style="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 incumbent vice president Anjan Shrestha has nominated Arun Sumargi as the district vice president and Manish Lal Pradhan as the objective vice president from his group. Bharatraj Acharya is the common candidate for associate vice president from the groups of Umesh Lal Shrestha and Anjan Shrestha.</span></span></span></span></p> <p><span style="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 provisions of the FNCCI, the tenure of the current president Shekhar Golchha will continue until the general assembly.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the general meeting, Senior Vice President Chandra Dhakal will automatically become the next president. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17207', 'image' => '20230406011319_1680761442.FNCCI 1-1.jpg', 'article_date' => '2023-04-06 13:12:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17471', 'article_category_id' => '1', 'title' => 'Revenue Collection Improving: Finance Secretary', 'sub_title' => '', 'summary' => 'April 6: Finance Secretary Toyam Raya insists that revenue collection is improving despite the internal pressure of the economy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 6: Finance Secretary Toyam Raya insists that revenue collection is improving despite the internal pressure of the economy. During a program organized on Wednesday to unveil the Nepal Development Update (April 2023), Secretary Raya claimed that the revenue collection, which was sluggish since the first month of the current fiscal year, has been improving.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that further improvement in revenue collection is expected. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“This year, there has been improvements in tourism, agricultural remittances and hydropower sectors, which will make the economy vibrant,” said Raya, adding, “There is still financial pressure internally. However, I believe that the country can stand strong against this challenge.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the program, Faris Hadad-Zervos, country director of the World Bank for Nepal, Sri Lanka and the Maldives said that there has been a slowdown in industrial production in all the countries of South Asia.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">India's manufacturing sector also shrunk by 2 percent between June and December last year, according to the World Bank's South Asia Economic Focus. Sri Lanka, Bangladesh and Pakistan received help from the International Monetary Fund (IMF) to solve the problems of the external sector. He said that the IMF program is also under discussion in Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Prof Dr Shiva Raj Adhikari, head of the economics department of Tribhuvan University said that Nepal needs policy changes to tame inflation, weak capital expenditure and other systemic challenges. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Barsha Shrestha, head of ICRA Nepal said that in order to improve the current economic situation, Nepal needs to make timely changes in its economic policies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the semi-annual 'Country Update' of the World Bank, the economic growth rate of Nepal this year is going to be lower than previously projected. The 'Nepal Development Update (April 2023): Fine-Tuning Policy in a Turbulent Environment' predicts that Nepal's economy will grow by 4.1 percent in the fiscal year 2023, which is less than the estimate of October 2022.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the Fiscal Year 2023/24, the growth rate is expected to increase to 4.9 percent due to the revival of the tourism sector, increase in remittance inflow and gradual easing of monetary policy. Inflation in South Asia is expected to drop to 8.9 percent this year and to fall below 7 percent in 2024.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17206', 'image' => '20230406124259_touyam.jpg', 'article_date' => '2023-04-06 12:34:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17470', 'article_category_id' => '1', 'title' => 'Kathmandu Denizens Bearing Financial Losses worth Rs 116 Billion a Year due to Traffic Congestion', 'sub_title' => '', 'summary' => 'April 6: A study conducted by the Kathmandu Metropolitan City (KMC) has found that the residents of the Kathmandu Valley have been facing annual losses worth Rs 116 billion due to traffic jams.', '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 6: A study conducted by the Kathmandu Metropolitan City (KMC) has found that the residents of the Kathmandu Valley have been facing annual losses worth Rs 116 billion due to traffic jams.</span></span></span></span></p> <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"">Jagatman Shrestha, traffic management advisor to the Kathmandu Metropolitan City, said that traffic jams causes problems like air and noise pollution, extra fuel consumption, deterioration of vehicles, health problems and accidents, resulting in financial losses worth Rs 116 billion a 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:"Nirmala UI","sans-serif"">"This is a massive loss. KMC is studying how to reduce traffic jams in order to minimize the financial losses,” said Shrestha.</span></span></span></span></p> <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"">Shrestha added that the Ministry of Physical Infrastructure and Transport, the Transport Management Office and the Department of Roads should support KMC’s efforts to minimize traffic congestion.</span></span></span></span></p> <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 him, the present situation has been created due to problems in the engineering of public transport operation and management and negligence in fulfilling the responsibilities.</span></span></span></span></p> <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"">Traffic management expert Shrestha said that the federal capital’s Urban Area Public Transport Authority should start working on how to manage vehicles and traffic within the valley.</span></span></span></span></p> <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 has issued the 'Urban Area Public Transport (Management) Authority Act-2079' for effective management of public transport. The legal arrangements of the authority are made with the aim of making the public transport sector in the urban areas easy, accessible, passenger-friendly, reliable, cost-effective and safe.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17205', 'image' => '20230406114414_20170428102005_slider.jpg', 'article_date' => '2023-04-06 11:42:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17469', 'article_category_id' => '1', 'title' => 'Construction of Postal Highway Incomplete even after Deadline Extension for Five Times ', 'sub_title' => '', 'summary' => 'April 6: Construction of the Postal Highway section in Mahendranagar area has not completed even six years after signing the contract. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 6: Construction of the Postal Highway section in Mahendranagar area has not completed even six years after signing the contract. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The construction of 62 kilometres section of the highway from Dokebazaar to Bedkot of Kanchanpur district should have been completed in 30 months had the construction works moved ahead smoothly. The contract for this section was signed in March 2017. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Twenty-six kilometres of the section of the highway in Kanchanpur district remain to be blacktopped. Engineer at the Postal Highway Project Office, Deepak Sunar admitted that there has been a delay in the construction of the highway. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The delay was due to the COVID-19 pandemic and taking approval from the National Park Office. The construction is not complete yet even after extending the deadline for five times," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Construction of 62 kilometres of the Postal Highway was started after awarding the contract in three phases. The first phase included the 20 kilometres road construction from Dokebazaar to Belauri. Ninety percent works have been completed on this section. However, the construction remains incomplete in the remaining two sections. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma-Rajendra JV had been awarded the contract for construction of the road in the first package at a cost of Rs 364.7 million. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The estimated cost of construction of the 20 kilometres road from Belauri to Beldandi under the second package is Rs 414.1 million. Only nine kilometres of the road in this section has been blacktopped so far, Sunar said. The construction has halted at Chui area on this section due to the obstruction from the Indian side. The Indian security bodies have obstructed blacktopping the road in this location claiming that the road lies within the Indian territory. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Babahansa Siddhisai JV, the construction company responsible for carrying out the construction under the second package, has hardly completed 50 percent of the work. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, only eight and half kilometres of the 22-kilometre section of the highway from Beldandi to Daiji has been blacktopped under the third package in a span of six years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The deadline for completing the works under the second and third package has been extended till mid-July this year. Only 36 kilometres of the highway has been asphalted in six years since the deadline was last extended," Sunar lamented. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The local municipalities through which the road passes have been exerting pressure from time to time for the timely completion of the construction works. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17204', 'image' => '20230406110040_postal highway facebook.jpg', 'article_date' => '2023-04-06 10:59:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17468', 'article_category_id' => '1', 'title' => 'Foreign Currency Offered in Lumbini to be Exchanged ', 'sub_title' => '', 'summary' => 'April 6: The foreign currency notes left as offerings by the visitors in Lumbini are to be now exchanged.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 6: The foreign currency notes left as offerings by the visitors in Lumbini are to be now exchanged. Siddharthanagar-based Nepal Rastra Bank (NRB) office and Lumbini Development Trust (LDT) have signed an agreement on exchanging the foreign currency notes, which had not been exchanged since a long time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">LDT treasurer Dhundi Raj Bhattarai and acting director of NRB Siddharthanagar office Shanti Prasad Pandey on Wednesday signed a memorandum of understanding for exchanging the foreign currency of 20 different countries. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The highest amount of foreign currency that has been collected as offerings and donation in Lumbini is from Myanmar, LDT treasurer Bhattarai said. He added that the currency notes of Sri Lanka, Mexico, Iraq, Brunei, Lebanon, Peru, Uganda, Vietnam, Bangladesh, Indonesia, and Oman among other countries are also in the collection. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">These foreign currency notes left at the Mayadevi Temple as donation and offering had been lying idle for a long time, as they are not included in the list of convertible currencies issued by NRB. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although LDT had, from time to time, made initiation to exchange these currency notes, they could not be converted, as they are not in NRB's list of convertible foreign currencies. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the NRB and LDT entering into agreement for converting these foreign currency notes, foreign currency equivalent to Rs 7.4 million that remained to be converted since fiscal year 2014/15 will go in the process of exchange. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We had brought up the issue of the foreign currency given as donation or offerings by the visitors coming to Lumbini lying idle as it could not be exchanged, when NRB Governor Maha Prasad Adhikari came to Rupandehi. We also handed him a memorandum, drawing his attention on this issue. An agreement has been reached in principle according to which NRB will exchange this foreign currency," LDT treasurer Bhattarai said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17203', 'image' => '20230406103028_LumbiniRSSS.jpg', 'article_date' => '2023-04-06 10:29:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17467', 'article_category_id' => '1', 'title' => 'Eighth Edition of 'Power Summit-2023’ to Be Held in Kathmandu ', 'sub_title' => '', 'summary' => 'Independent Power Producers' Association Nepal (IPPAN) is all set to organize eighth edition of ‘Power Summit-2023’ with slogan Broodening Green Energy Markets in Kathmandu.The two-day summit scheduled for April 18 and 19 will be the largest event in energy sector, according to IPPAN. ', 'content' => '<p><span style="font-size:18px">April 6: Independent Power Producers' Association Nepal (IPPAN) is all set to organize eighth edition of ‘Power Summit-2023’ with slogan Broodening Green Energy Markets in Kathmandu.The two-day summit scheduled for April 18 and 19 will be the largest event in energy sector, according to IPPAN. </span></p> <p><span style="font-size:18px">Investment Board Nepal will co-sponsor the programme with the Ministry of Energy, Water Resources and Irrigation as patron. <br /> The organizers claim that the power summit will prove to be a cornerstone in the expansion of Nepal’s energy market. </span></p> <p><span style="font-size:18px">South Asia Forum on Energy Investments will make public report regarding collection of investment in South Asia in the summit(SAFEI). </span></p> <p><span style="font-size:18px">A memorandum of understanding will be signed for the direct electricity purchase between Nepal’s hydropower projects and Indian buyers. Various agreements and understandings will be signed for the development and market expansion of renewable energy. </span></p> <p><span style="font-size:18px">According to IPPAN, 15 different sessions will be conducted on various topics including Nepal’s electricity market, transmission infrastructures, demand of hydroelectricity, technology and innovation, solar hydrogen, regulatory agencies, sustainable development in the summit. </span></p> <p><span style="font-size:18px">In the programme, Investment Board Nepal and private power producers will exhibit hydropower projects of 5,000 megawatts. <br /> Prime Minister Pushpa Kamal Dahal will inaugurate the power summit, which will see participation of more than 300 foreign representatives from over 30 countries. </span></p> <p><span style="font-size:18px">Similarly, high-ranking officials of the Nepal government, electricity trading companies, electricity producers, banks and financial institutions, transmission and distribution companies, think tanks, and other stakeholders of the energy sector will also take part in the power summit. </span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17202', 'image' => '20230406063428_collage (62).jpg', 'article_date' => '2023-04-06 06:29:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17466', 'article_category_id' => '1', 'title' => 'Digging Work of Nagdhunga Tunnel Halted for 20 Days ', 'sub_title' => '', 'summary' => 'April 5: Works related to digging of the Nagdhunga Tunnel Project in Kathmandu has been halted for 20 days after digging devices got damaged. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 5: Works related to digging of the Nagdhunga Tunnel Project in Kathmandu has been halted for 20 days after digging devices got damaged. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nagdhunga Tunnel Project shared that earlier they used to dig 3 to 4 metres on an average in a day but the digging has come to a grinding halt for 20 days owing to damages incurred in the machines used to dig the tunnel, shared Project Chief Nabin Man Shrestha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shrestha added that although other works under the project are ongoing, the progress on the part of tunnel digging has been slow. </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 soil in the digging site was substandard and machines are getting damaged frequently," he said, adding, "The kind of rocks being unearthed while digging was different from the survey.” </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The first tunnel way in the country measures 2.7 kilometres in length and has two lanes. The foundation stone of the project was laid in October, 2019 and the physical progress stands at 50.15 per cent so far. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shrestha further said that talks with the construction company Hazama Ando Corporation is ongoing to resolve the problem.</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 Japanese construction company is reeling under human resources crunch and is lacking adequate machines at present, it has been learnt. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The tunnel is being constructed with loan assistance from the Government of Japan and is expected to reduce the time to cross the Nagdhunga Pass to one-third of the current time and make transportation of people safe and efficient. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, delays in addressing the compensation issues related to land acquisition has been further pushing the deadline of the project ought to be completed within 42 months from the start of the project. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Workers falling sick, unavailability of machines and tools and other hurdles during COVID-19 pandemic slowed down the construction process in between. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17201', 'image' => '20230405065239_nagdhungatunnel.jpg', 'article_date' => '2023-04-05 18:51:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17465', 'article_category_id' => '1', 'title' => 'Investors in Wait and Watch Mood; Turnover Amount Contracts to 81.60 crores ', 'sub_title' => '', 'summary' => 'After four days’ consecutive fall, the NNEPSE index gained 8.39 points and settled at 1875.07 on Wednesday. NEPSE posted a rise of 0.45 per cent today against the loss of 5.20 points yesterday.', 'content' => '<p>April 5: After four days’ consecutive fall, the NEPSE index gained 8.39 points and settled at 1875.07 on Wednesday. NEPSE posted a rise of 0.45 per cent today against the loss of 5.20 points yesterday.</p> <p>Though the one and only equity market closed with marginal gain, turnover amount has not gone up. Owing to the lack of confidence, investors have not increased their investment. Since investors are in wait and watch mood, they have not injected fresh cash to the market. </p> <p>As many as 262 scrips traded hands via 21,504 transactions. A total of 2,602,956 shares exchanged hands with the total transaction amount standing at Rs. 81.6 crores . This is lower than the last trading day's turnover of Rs. 91.76 crores.</p> <p>Shivam Cement Limited (SHIVM) shares traded the most and had the highest turnover of Rs. 6.43 crores closing at a market price of Rs. 409 per share.<br /> Likewise, Kalinchowk Darshan Limited (KDL) gained the highest 9.97% and technically hit the positive circuit for the day.</p> <p>Conversely, Citizens Mutual Fund -1 (CMF1) lost the highest 7.14% today.<br /> Out of all traded sub-indices, only three closed in the red zone. "Hotel and Tourism" gained the highest 0.52%, while "Non-Life Insurance" lost the highest 1.04% today.<br /> </p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17200', 'image' => '20230405060011_collage - 2023-04-05T175817.116.jpg', 'article_date' => '2023-04-05 17:55:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17464', 'article_category_id' => '1', 'title' => 'Development Partners urge Finance Minister for Effective Implementation of Projects ', 'sub_title' => '', 'summary' => 'April 5: Representatives of Nepal's two major development partners: Asian Development Bank (ADB) and the World Bank (WB) have called on Finance Minister Dr Prakash Sharan Mahat and discussed relevant issues. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 5: Representatives of Nepal's two major development partners: Asian Development Bank (ADB) and the World Bank (WB) have called on Finance Minister Dr Prakash Sharan Mahat and discussed relevant issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The WB delegation met with the Minister on Tuesday and the ADB team on Wednesday morning. During the meetings, the development partners urged the minister to take initiatives for the effective implementation of various projects and programmes funded in Nepal by them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Following a discussion with ADB country director for Nepal Arnaud Cauchois' team on Wednesday morning, Finance Minister Mahat said Nepal's development partners are excited to further invest in Nepal and their concern was that their funds could not be spent on time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In addition to this, they were concerned about the delay in the implementation of the projects in absence of timely site clearance, delay in bidding process and the lack of expected progress. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">New development projects and programmes were also discussed. Finance Minister Mahat said that the development partners expressed their interest to assist in Nepal's various sectors. The ADB expressed its concern over the Dudhkoshi Hydropower Project while the WB was concerned about the Arun Hydropower Project. Moreover, they expressed their interests in the budgetary assistance for road projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the separate meetings, the finance minister is said to have apprised the delegations that grants and soft loans were the priorities of Nepal, and the responses were positive. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17199', 'image' => '20230405055012_Fs8OQ8fXwAEn8y-.jpg', 'article_date' => '2023-04-05 17:49:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17463', 'article_category_id' => '1', 'title' => 'Sikta's Corruption Case Lands in Supreme Court', 'sub_title' => '', 'summary' => 'April 5: An appeal has been filed at the Supreme Court against the decision of the Special Court to acquit 21 people, including the head of Kalika Construction, Bikram Pandey, who were accused of corruption in the Sikta Irrigation Project, one of the national pride projects under construction in Banke.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 5: An appeal has been filed at the Supreme Court against the decision of the Special Court to acquit 21 people, including the head of Kalika Construction, Bikram Pandey, who were accused of corruption in the Sikta Irrigation Project, one of the national pride projects under construction in Banke.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The Commission for the Investigation of Abuse of Authority (CIAA) on Tuesday appealed to the Supreme Court against the decision of the Special Court. After spending almost Rs 15.5 billion the in the project, the main canal of Sikta collapsed during the testing phase prompting the authority to file a case against Pandey and 20 others who were assigned various responsibilities. However, the special court acquitted the accused on the ground that the original canal had collapsed due to poor structure of the soil.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">There is a legal provision that the contractor company has to bear the responsiblity for all the repairs and maintenance if there is damage to any project within one year of the completion of the construction work. However, the project leaders at that time did not repair the original canal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Shortly before the federal election, Pandey was allowed to become a candidate after being acquitted by the Special Court. He also became a minister in the government that was formed immediately after winning the election. The authority has claimed Rs 8.59 billion from all the accused including Rs 2.13 billion from Pandey. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">CIAA has filed cases against Saroj Chandra Pandit, director general of the Irrigation Department, project managers Sarvadev Prasad and Ramesh Basnet, senior divisional engineer of the project, managing director of Kalika Construction among others.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17198', 'image' => '20230405021234_Supreme Court.jpg', 'article_date' => '2023-04-05 14:11:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17462', 'article_category_id' => '1', 'title' => 'BFIs, Local Units to Provide Mapping Service of Survey Department', 'sub_title' => '', 'summary' => 'April 5: The Survey Department has started giving Login user IDs to banks and financial institutions and local level for works related to mapping.', '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 5: The Survey Department has started giving Login user IDs to banks and financial institutions and local level for works related to mapping.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Banks and financial institutions (BFIs) can use the department’s map for banking work, while the local level can also give the map to the general public, says Janak Raj Joshi, director general of the Survey Department.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">For this, the department had written a letter to Nepal Rastra Bank, the regulator of banks and financial institutions, last August and requested for making arrangements for the banks to provide this service.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This service has been subscribed by Nabil Bank Limited and NIC Asia Bank. The Survey Department’s Director and Information Officer Damodar Dhakal said that one and a half dozen other banks have approached the department to avail this service.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Before this, any bank and financial institution had to go to the surveyor's office to get a map trace, but now the banks can look at the map themselves for banking operations such as keeping collateral," said Dahal, adding, “Banks have requested for separate user IDs for different branches. We are discussing about issuing one ID for one bank. For this, the department wants to give it to the central body of every financial institution for use within its network.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that giving user IDs to all local levels and banks, the department might have problems in management. The department is using Subisu and Worldlink networks on lease for fiber connectivity of the server.</span></span></span></span></p> <p><span style="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 department plans to start this service with the commercial banks and gradually expand it to the financial institutions of 'A', 'B' and 'C' category as well as cooperatives.</span></span></span></span></p> <p><span style="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 Land Management and Records Department has already granted permission to banks and financial institutions for the purpose of releasing or withholding land transactions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Balram Kafle, the computer officer of the Land Management Department, said that about </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">300</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> withholdings/releases have already been done by the banks.</span></span></span></span></p> <p><span style="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 him, login user IDs have been taken by all banks. Apart from category B and C, some cooperatives have also taken the permission for this service.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17197', 'image' => '20230405014822_Untitled.jpg', 'article_date' => '2023-04-05 13:47:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17476', 'article_category_id' => '1', 'title' => 'NEPSE Sheds 8.28 Points; Turnover Amount Witnesses Slight Spike ', 'sub_title' => '', 'summary' => 'Of late, investors have lost confidence in the secondary stock market in Nepal. The NEPSE index shed 8.28 points and closed at 1,866.79 on Thursday, the last trading day of the week. ', 'content' => '<p><span style="font-size:20px">April 6: Of late, investors have lost confidence in the secondary stock market in Nepal. The NEPSE index shed 8.28 points and closed at 1,866.79 on Thursday, the last trading day of the week. </span></p> <p><span style="font-size:20px">The secondary equity market posted a loss of 0.44%, against yesterday’s 8.39 points gain.</span></p> <p><span style="font-size:20px">The NEPSE Index has been on bearish trend for the past one and a half years. The majority of the investors have incurred losses in the market. Entry of new investors in the bearish market is very slim. </span></p> <p><span style="font-size:20px">“The government and regulators have to revise policy-level provisions for the downward trend to reverse,” say knowledgeable people. The NEPSE traded 269 scrips via 23,388 transactions. </span></p> <p><span style="font-size:20px">A total of 2,870,819 shares exchanged hands worth Rs. 92.06 crores in turnover amount. This is higher than the last trading day's turnover of Rs. 81.6 Crores.</span></p> <p><span style="font-size:20px">Shivam Cements Limited (SHIVAM) shares traded the most and had the highest turnover of Rs. 4.92 crores closing at a market price of Rs. 405 per share. Kalinchowk Darshan Limited (KDL) gained the highest 9.98% and technically hit the positive circuit for the day.</span></p> <p><span style="font-size:20px">On the contrary, Samling Power Company Limited (SPC) lost the highest 7.43% today.<br /> Sensitive Index, Float Index and Sensitive Float Index dropped 0.92%, 0.62% and 0.39% respectively today. </span></p> <p><span style="font-size:20px">Of the 13 sub-indices traded in the market, only three sectors closed in the green zone. <br /> "Trading index" gained the highest 0.19%, while "Finance" lost the highest 1.42% today.</span><br /> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17211', 'image' => '20230406055916_collage - 2023-04-03T173010.811.jpg', 'article_date' => '2023-04-06 17:56:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '17475', 'article_category_id' => '1', 'title' => 'Bhaktapur Industrial and Tourism Festival Kicks off', 'sub_title' => '', 'summary' => 'The Seventh Bhaktapur Industrial, Cultural, Tourism and Trade Festival kicked off from Thursday. The event is organised to mark the occasion of the Nepali New Year 2080 BS and the Bisket Jatra.', 'content' => '<p><br /> <span style="font-size:20px">April 6: The Seventh Bhaktapur Industrial, Cultural, Tourism and Trade Festival kicked off from Thursday. The event is organised to mark the occasion of the Nepali New Year 2080 BS and the Bisket Jatra. </span></p> <p><span style="font-size:20px">Bisket Jatra is Bhaktapur's indigenous cultural festival celebrated for eight nights and nine days in the ancient city. The festival is celebrated from the New Year's Day.</span></p> <p><span style="font-size:20px">This year, the Nepali New Year's Day falls on April 14. The Bhaktapur Industrial, Cultural, Tourism and Trade Festival is organized at local Sallaghari in the field belonging to the Nepal Trust. </span></p> <p><span style="font-size:20px">The Organisation for Industrial Peace, Nepal and Madhyapur Boys Band have organized the event with the support of Bhaktapur District Sports Development Committee. </span></p> <p><span style="font-size:20px">Two hundred stalls featuring and selling foodstuffs, clothes, agricultural and handicraft goods, metal and earthen utensils, mobile and motor cars have been set up. </span></p> <p><span style="font-size:20px">The traders have offered discounts from 20 up to 50 percent. The organizers estimate that around 500 thousand people will visit the Festival venue and the business transaction is expected to cross Rs 100 million. ---RSS </span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17210', 'image' => '20230406045148_collage - 2023-04-06T165008.639.jpg', 'article_date' => '2023-04-06 16:49:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '17473', 'article_category_id' => '1', 'title' => 'Airline Companies Increase Flights to Ramechhap with Onset of Tourist Season', 'sub_title' => '', 'summary' => 'April 6: With the onset of the trekking and mountain expedition season, there has been a significant increase in the number of flights targeting Mount Everest, which is the main destination for trekkers.', '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 6: With the onset of the trekking and mountain expedition season, there has been a significant increase in the number of flights targeting Mount Everest, which is the main destination for trekkers.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the coronavirus pandemic largely subsided, three airlines providing service to remote areas have made Ramechhap Airport as their base.</span></span></span></span></p> <p><span style="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 Civil Aviation Authority of Nepal has issued instructions to use Ramechhap Airport as the main base for making flights to Lukla Airport, where the flow of tourists is certain to increase in the peak season. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Accordingly, Sita Air, Summit Airlines and Tara Air, which are currently flying to remote areas, have started flights to Ramechhap as their base. Buddha Air, Yeti Airlines and Shree Airlines, which fly to urban destinations, have also increased mountain flights.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Sarita Pandey, Air Traffic Controller of Ramechhap Airport, said that for the first time after the coronavirus pandemic, there have been many flights from this airport. She informed that there were a total of 407 movements (flight/landing) from the three airline companies between April 1 and 5. She said that the CAAN has established Ramechhap as the base to fly to Lukla, the flights from there have increased since the beginning of April.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ghanshyam Raj Acharya, senior general manager of Sita Air, said that the business has improved compared to the Covid-19 period</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As the tourist season has started, there is a pressure on the flights to Lukla, he said, adding "There are not enough flights from Kathmandu at this time. Because of this, flights have been arranged from Ramechhap Airport to Lukla this season.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">An official of the Airline Operators Association of Nepal said that the bookings have increased by 50 percent compared to the normal situation. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Looking at the situation so far, it seems that the arrival of tourists will increase," 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"">After the start of the spring season, more mountaineers come to climb Mount Everest. Due to this, the traffic of tourists on this route will increase. The Department of Tourism has given permission to 304 people from 40 countries for mountain climbing as of Wednesday. Most of the permits have been issued for climbing Mount Everest. According to the department, 115 people have received permits to climb Mount Everest as of Wednesday.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17209', 'image' => '20230406013809_1680757937.jpg', 'article_date' => '2023-04-06 13:37:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17474', 'article_category_id' => '1', 'title' => 'Civil Registration Department adds New Provision for Birth Registration ', 'sub_title' => '', 'summary' => 'April 6: The Department of National ID and Civil Registration has added a new provision for issuing a birth certificate to a child with the surname under the maternal lineage. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 6: The Department of National ID and Civil Registration has added a new provision for issuing a birth certificate to a child with the surname under the maternal lineage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The provision has been added targeting child born to a single mother and whose paternal lineage remains unidentified. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Talking to RSS, the department’s Director General Rudra Prasad Pandit said the provision was added following the request from local levels for further clarifying provisions for the birth registration of such children. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, the department mandates the cancellation of the birth registration issued under this category if the identity of the child's father is ascertained and the child will be issuanced a new certificate along with the address of the father. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17208', 'image' => '20230406014325_Birth-Registration-process-in-Nepal.jpg', 'article_date' => '2023-04-06 13:42:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17472', 'article_category_id' => '1', 'title' => 'Election Fever Grips FNCCI', 'sub_title' => '', 'summary' => 'April 6: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the largest umbrella organization of industrialists in the country, is currently gripped by election fever. ', '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 6: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the largest umbrella organization of industrialists in the country, is currently gripped by election fever. A total of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">119</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people have registered their candidacy for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">64</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> positions to be elected at the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">57</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">th Annual General Meeting of the federation on April 11 and 12.</span></span></span></span></p> <p><span style="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 election committee of the Federation of Nepalese Chamber of Commerce and Industry, there are three candidates for one post of senior vice president, eight candidates for three posts of vice presidents and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">108</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> candidates for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> members. </span></span></span></span></p> <p><span style="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 election of the senior vice president is of particular interest because the senior vice president will automatically become the FNCCI president during the next term.</span></span></span></span></p> <p><span style="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 candidates for this post include Ram Chandra Sanghai, Umesh Lal Shrestha and Anjan Shrestha. All the three candidates for the position of senior vice president have formed their own panels. This is the first time in the history of the federation that three election panels have been formed.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ram Chandra Sanghai, who is also the current vice president, has nominated Sur Krishna Vaidya as the district vice president, Sukunta Lal Hirachan as the objective vice president and Jyotsana Shrestha as the associate vice president from his group.</span></span></span></span></p> <p><span style="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, former vice-president Umesh Lal Shrestha has nominated Dinesh Shrestha, who is still in the same position, as the district vice-president and Hemraj Dhakal as the objective vice-president from his group. </span></span></span></span></p> <p><span style="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 incumbent vice president Anjan Shrestha has nominated Arun Sumargi as the district vice president and Manish Lal Pradhan as the objective vice president from his group. Bharatraj Acharya is the common candidate for associate vice president from the groups of Umesh Lal Shrestha and Anjan Shrestha.</span></span></span></span></p> <p><span style="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 provisions of the FNCCI, the tenure of the current president Shekhar Golchha will continue until the general assembly.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the general meeting, Senior Vice President Chandra Dhakal will automatically become the next president. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17207', 'image' => '20230406011319_1680761442.FNCCI 1-1.jpg', 'article_date' => '2023-04-06 13:12:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17471', 'article_category_id' => '1', 'title' => 'Revenue Collection Improving: Finance Secretary', 'sub_title' => '', 'summary' => 'April 6: Finance Secretary Toyam Raya insists that revenue collection is improving despite the internal pressure of the economy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 6: Finance Secretary Toyam Raya insists that revenue collection is improving despite the internal pressure of the economy. During a program organized on Wednesday to unveil the Nepal Development Update (April 2023), Secretary Raya claimed that the revenue collection, which was sluggish since the first month of the current fiscal year, has been improving.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that further improvement in revenue collection is expected. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“This year, there has been improvements in tourism, agricultural remittances and hydropower sectors, which will make the economy vibrant,” said Raya, adding, “There is still financial pressure internally. However, I believe that the country can stand strong against this challenge.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the program, Faris Hadad-Zervos, country director of the World Bank for Nepal, Sri Lanka and the Maldives said that there has been a slowdown in industrial production in all the countries of South Asia.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">India's manufacturing sector also shrunk by 2 percent between June and December last year, according to the World Bank's South Asia Economic Focus. Sri Lanka, Bangladesh and Pakistan received help from the International Monetary Fund (IMF) to solve the problems of the external sector. He said that the IMF program is also under discussion in Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Prof Dr Shiva Raj Adhikari, head of the economics department of Tribhuvan University said that Nepal needs policy changes to tame inflation, weak capital expenditure and other systemic challenges. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Barsha Shrestha, head of ICRA Nepal said that in order to improve the current economic situation, Nepal needs to make timely changes in its economic policies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the semi-annual 'Country Update' of the World Bank, the economic growth rate of Nepal this year is going to be lower than previously projected. The 'Nepal Development Update (April 2023): Fine-Tuning Policy in a Turbulent Environment' predicts that Nepal's economy will grow by 4.1 percent in the fiscal year 2023, which is less than the estimate of October 2022.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the Fiscal Year 2023/24, the growth rate is expected to increase to 4.9 percent due to the revival of the tourism sector, increase in remittance inflow and gradual easing of monetary policy. Inflation in South Asia is expected to drop to 8.9 percent this year and to fall below 7 percent in 2024.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17206', 'image' => '20230406124259_touyam.jpg', 'article_date' => '2023-04-06 12:34:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17470', 'article_category_id' => '1', 'title' => 'Kathmandu Denizens Bearing Financial Losses worth Rs 116 Billion a Year due to Traffic Congestion', 'sub_title' => '', 'summary' => 'April 6: A study conducted by the Kathmandu Metropolitan City (KMC) has found that the residents of the Kathmandu Valley have been facing annual losses worth Rs 116 billion due to traffic jams.', '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 6: A study conducted by the Kathmandu Metropolitan City (KMC) has found that the residents of the Kathmandu Valley have been facing annual losses worth Rs 116 billion due to traffic jams.</span></span></span></span></p> <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"">Jagatman Shrestha, traffic management advisor to the Kathmandu Metropolitan City, said that traffic jams causes problems like air and noise pollution, extra fuel consumption, deterioration of vehicles, health problems and accidents, resulting in financial losses worth Rs 116 billion a 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:"Nirmala UI","sans-serif"">"This is a massive loss. KMC is studying how to reduce traffic jams in order to minimize the financial losses,” said Shrestha.</span></span></span></span></p> <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"">Shrestha added that the Ministry of Physical Infrastructure and Transport, the Transport Management Office and the Department of Roads should support KMC’s efforts to minimize traffic congestion.</span></span></span></span></p> <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 him, the present situation has been created due to problems in the engineering of public transport operation and management and negligence in fulfilling the responsibilities.</span></span></span></span></p> <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"">Traffic management expert Shrestha said that the federal capital’s Urban Area Public Transport Authority should start working on how to manage vehicles and traffic within the valley.</span></span></span></span></p> <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 has issued the 'Urban Area Public Transport (Management) Authority Act-2079' for effective management of public transport. The legal arrangements of the authority are made with the aim of making the public transport sector in the urban areas easy, accessible, passenger-friendly, reliable, cost-effective and safe.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17205', 'image' => '20230406114414_20170428102005_slider.jpg', 'article_date' => '2023-04-06 11:42:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17469', 'article_category_id' => '1', 'title' => 'Construction of Postal Highway Incomplete even after Deadline Extension for Five Times ', 'sub_title' => '', 'summary' => 'April 6: Construction of the Postal Highway section in Mahendranagar area has not completed even six years after signing the contract. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 6: Construction of the Postal Highway section in Mahendranagar area has not completed even six years after signing the contract. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The construction of 62 kilometres section of the highway from Dokebazaar to Bedkot of Kanchanpur district should have been completed in 30 months had the construction works moved ahead smoothly. The contract for this section was signed in March 2017. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Twenty-six kilometres of the section of the highway in Kanchanpur district remain to be blacktopped. Engineer at the Postal Highway Project Office, Deepak Sunar admitted that there has been a delay in the construction of the highway. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The delay was due to the COVID-19 pandemic and taking approval from the National Park Office. The construction is not complete yet even after extending the deadline for five times," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Construction of 62 kilometres of the Postal Highway was started after awarding the contract in three phases. The first phase included the 20 kilometres road construction from Dokebazaar to Belauri. Ninety percent works have been completed on this section. However, the construction remains incomplete in the remaining two sections. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma-Rajendra JV had been awarded the contract for construction of the road in the first package at a cost of Rs 364.7 million. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The estimated cost of construction of the 20 kilometres road from Belauri to Beldandi under the second package is Rs 414.1 million. Only nine kilometres of the road in this section has been blacktopped so far, Sunar said. The construction has halted at Chui area on this section due to the obstruction from the Indian side. The Indian security bodies have obstructed blacktopping the road in this location claiming that the road lies within the Indian territory. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Babahansa Siddhisai JV, the construction company responsible for carrying out the construction under the second package, has hardly completed 50 percent of the work. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, only eight and half kilometres of the 22-kilometre section of the highway from Beldandi to Daiji has been blacktopped under the third package in a span of six years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The deadline for completing the works under the second and third package has been extended till mid-July this year. Only 36 kilometres of the highway has been asphalted in six years since the deadline was last extended," Sunar lamented. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The local municipalities through which the road passes have been exerting pressure from time to time for the timely completion of the construction works. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17204', 'image' => '20230406110040_postal highway facebook.jpg', 'article_date' => '2023-04-06 10:59:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17468', 'article_category_id' => '1', 'title' => 'Foreign Currency Offered in Lumbini to be Exchanged ', 'sub_title' => '', 'summary' => 'April 6: The foreign currency notes left as offerings by the visitors in Lumbini are to be now exchanged.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 6: The foreign currency notes left as offerings by the visitors in Lumbini are to be now exchanged. Siddharthanagar-based Nepal Rastra Bank (NRB) office and Lumbini Development Trust (LDT) have signed an agreement on exchanging the foreign currency notes, which had not been exchanged since a long time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">LDT treasurer Dhundi Raj Bhattarai and acting director of NRB Siddharthanagar office Shanti Prasad Pandey on Wednesday signed a memorandum of understanding for exchanging the foreign currency of 20 different countries. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The highest amount of foreign currency that has been collected as offerings and donation in Lumbini is from Myanmar, LDT treasurer Bhattarai said. He added that the currency notes of Sri Lanka, Mexico, Iraq, Brunei, Lebanon, Peru, Uganda, Vietnam, Bangladesh, Indonesia, and Oman among other countries are also in the collection. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">These foreign currency notes left at the Mayadevi Temple as donation and offering had been lying idle for a long time, as they are not included in the list of convertible currencies issued by NRB. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although LDT had, from time to time, made initiation to exchange these currency notes, they could not be converted, as they are not in NRB's list of convertible foreign currencies. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the NRB and LDT entering into agreement for converting these foreign currency notes, foreign currency equivalent to Rs 7.4 million that remained to be converted since fiscal year 2014/15 will go in the process of exchange. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We had brought up the issue of the foreign currency given as donation or offerings by the visitors coming to Lumbini lying idle as it could not be exchanged, when NRB Governor Maha Prasad Adhikari came to Rupandehi. We also handed him a memorandum, drawing his attention on this issue. An agreement has been reached in principle according to which NRB will exchange this foreign currency," LDT treasurer Bhattarai said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17203', 'image' => '20230406103028_LumbiniRSSS.jpg', 'article_date' => '2023-04-06 10:29:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17467', 'article_category_id' => '1', 'title' => 'Eighth Edition of 'Power Summit-2023’ to Be Held in Kathmandu ', 'sub_title' => '', 'summary' => 'Independent Power Producers' Association Nepal (IPPAN) is all set to organize eighth edition of ‘Power Summit-2023’ with slogan Broodening Green Energy Markets in Kathmandu.The two-day summit scheduled for April 18 and 19 will be the largest event in energy sector, according to IPPAN. ', 'content' => '<p><span style="font-size:18px">April 6: Independent Power Producers' Association Nepal (IPPAN) is all set to organize eighth edition of ‘Power Summit-2023’ with slogan Broodening Green Energy Markets in Kathmandu.The two-day summit scheduled for April 18 and 19 will be the largest event in energy sector, according to IPPAN. </span></p> <p><span style="font-size:18px">Investment Board Nepal will co-sponsor the programme with the Ministry of Energy, Water Resources and Irrigation as patron. <br /> The organizers claim that the power summit will prove to be a cornerstone in the expansion of Nepal’s energy market. </span></p> <p><span style="font-size:18px">South Asia Forum on Energy Investments will make public report regarding collection of investment in South Asia in the summit(SAFEI). </span></p> <p><span style="font-size:18px">A memorandum of understanding will be signed for the direct electricity purchase between Nepal’s hydropower projects and Indian buyers. Various agreements and understandings will be signed for the development and market expansion of renewable energy. </span></p> <p><span style="font-size:18px">According to IPPAN, 15 different sessions will be conducted on various topics including Nepal’s electricity market, transmission infrastructures, demand of hydroelectricity, technology and innovation, solar hydrogen, regulatory agencies, sustainable development in the summit. </span></p> <p><span style="font-size:18px">In the programme, Investment Board Nepal and private power producers will exhibit hydropower projects of 5,000 megawatts. <br /> Prime Minister Pushpa Kamal Dahal will inaugurate the power summit, which will see participation of more than 300 foreign representatives from over 30 countries. </span></p> <p><span style="font-size:18px">Similarly, high-ranking officials of the Nepal government, electricity trading companies, electricity producers, banks and financial institutions, transmission and distribution companies, think tanks, and other stakeholders of the energy sector will also take part in the power summit. </span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17202', 'image' => '20230406063428_collage (62).jpg', 'article_date' => '2023-04-06 06:29:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17466', 'article_category_id' => '1', 'title' => 'Digging Work of Nagdhunga Tunnel Halted for 20 Days ', 'sub_title' => '', 'summary' => 'April 5: Works related to digging of the Nagdhunga Tunnel Project in Kathmandu has been halted for 20 days after digging devices got damaged. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 5: Works related to digging of the Nagdhunga Tunnel Project in Kathmandu has been halted for 20 days after digging devices got damaged. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nagdhunga Tunnel Project shared that earlier they used to dig 3 to 4 metres on an average in a day but the digging has come to a grinding halt for 20 days owing to damages incurred in the machines used to dig the tunnel, shared Project Chief Nabin Man Shrestha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shrestha added that although other works under the project are ongoing, the progress on the part of tunnel digging has been slow. </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 soil in the digging site was substandard and machines are getting damaged frequently," he said, adding, "The kind of rocks being unearthed while digging was different from the survey.” </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The first tunnel way in the country measures 2.7 kilometres in length and has two lanes. The foundation stone of the project was laid in October, 2019 and the physical progress stands at 50.15 per cent so far. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shrestha further said that talks with the construction company Hazama Ando Corporation is ongoing to resolve the problem.</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 Japanese construction company is reeling under human resources crunch and is lacking adequate machines at present, it has been learnt. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The tunnel is being constructed with loan assistance from the Government of Japan and is expected to reduce the time to cross the Nagdhunga Pass to one-third of the current time and make transportation of people safe and efficient. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, delays in addressing the compensation issues related to land acquisition has been further pushing the deadline of the project ought to be completed within 42 months from the start of the project. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Workers falling sick, unavailability of machines and tools and other hurdles during COVID-19 pandemic slowed down the construction process in between. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17201', 'image' => '20230405065239_nagdhungatunnel.jpg', 'article_date' => '2023-04-05 18:51:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17465', 'article_category_id' => '1', 'title' => 'Investors in Wait and Watch Mood; Turnover Amount Contracts to 81.60 crores ', 'sub_title' => '', 'summary' => 'After four days’ consecutive fall, the NNEPSE index gained 8.39 points and settled at 1875.07 on Wednesday. NEPSE posted a rise of 0.45 per cent today against the loss of 5.20 points yesterday.', 'content' => '<p>April 5: After four days’ consecutive fall, the NEPSE index gained 8.39 points and settled at 1875.07 on Wednesday. NEPSE posted a rise of 0.45 per cent today against the loss of 5.20 points yesterday.</p> <p>Though the one and only equity market closed with marginal gain, turnover amount has not gone up. Owing to the lack of confidence, investors have not increased their investment. Since investors are in wait and watch mood, they have not injected fresh cash to the market. </p> <p>As many as 262 scrips traded hands via 21,504 transactions. A total of 2,602,956 shares exchanged hands with the total transaction amount standing at Rs. 81.6 crores . This is lower than the last trading day's turnover of Rs. 91.76 crores.</p> <p>Shivam Cement Limited (SHIVM) shares traded the most and had the highest turnover of Rs. 6.43 crores closing at a market price of Rs. 409 per share.<br /> Likewise, Kalinchowk Darshan Limited (KDL) gained the highest 9.97% and technically hit the positive circuit for the day.</p> <p>Conversely, Citizens Mutual Fund -1 (CMF1) lost the highest 7.14% today.<br /> Out of all traded sub-indices, only three closed in the red zone. "Hotel and Tourism" gained the highest 0.52%, while "Non-Life Insurance" lost the highest 1.04% today.<br /> </p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17200', 'image' => '20230405060011_collage - 2023-04-05T175817.116.jpg', 'article_date' => '2023-04-05 17:55:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17464', 'article_category_id' => '1', 'title' => 'Development Partners urge Finance Minister for Effective Implementation of Projects ', 'sub_title' => '', 'summary' => 'April 5: Representatives of Nepal's two major development partners: Asian Development Bank (ADB) and the World Bank (WB) have called on Finance Minister Dr Prakash Sharan Mahat and discussed relevant issues. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 5: Representatives of Nepal's two major development partners: Asian Development Bank (ADB) and the World Bank (WB) have called on Finance Minister Dr Prakash Sharan Mahat and discussed relevant issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The WB delegation met with the Minister on Tuesday and the ADB team on Wednesday morning. During the meetings, the development partners urged the minister to take initiatives for the effective implementation of various projects and programmes funded in Nepal by them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Following a discussion with ADB country director for Nepal Arnaud Cauchois' team on Wednesday morning, Finance Minister Mahat said Nepal's development partners are excited to further invest in Nepal and their concern was that their funds could not be spent on time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In addition to this, they were concerned about the delay in the implementation of the projects in absence of timely site clearance, delay in bidding process and the lack of expected progress. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">New development projects and programmes were also discussed. Finance Minister Mahat said that the development partners expressed their interest to assist in Nepal's various sectors. The ADB expressed its concern over the Dudhkoshi Hydropower Project while the WB was concerned about the Arun Hydropower Project. Moreover, they expressed their interests in the budgetary assistance for road projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the separate meetings, the finance minister is said to have apprised the delegations that grants and soft loans were the priorities of Nepal, and the responses were positive. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17199', 'image' => '20230405055012_Fs8OQ8fXwAEn8y-.jpg', 'article_date' => '2023-04-05 17:49:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17463', 'article_category_id' => '1', 'title' => 'Sikta's Corruption Case Lands in Supreme Court', 'sub_title' => '', 'summary' => 'April 5: An appeal has been filed at the Supreme Court against the decision of the Special Court to acquit 21 people, including the head of Kalika Construction, Bikram Pandey, who were accused of corruption in the Sikta Irrigation Project, one of the national pride projects under construction in Banke.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 5: An appeal has been filed at the Supreme Court against the decision of the Special Court to acquit 21 people, including the head of Kalika Construction, Bikram Pandey, who were accused of corruption in the Sikta Irrigation Project, one of the national pride projects under construction in Banke.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The Commission for the Investigation of Abuse of Authority (CIAA) on Tuesday appealed to the Supreme Court against the decision of the Special Court. After spending almost Rs 15.5 billion the in the project, the main canal of Sikta collapsed during the testing phase prompting the authority to file a case against Pandey and 20 others who were assigned various responsibilities. However, the special court acquitted the accused on the ground that the original canal had collapsed due to poor structure of the soil.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">There is a legal provision that the contractor company has to bear the responsiblity for all the repairs and maintenance if there is damage to any project within one year of the completion of the construction work. However, the project leaders at that time did not repair the original canal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Shortly before the federal election, Pandey was allowed to become a candidate after being acquitted by the Special Court. He also became a minister in the government that was formed immediately after winning the election. The authority has claimed Rs 8.59 billion from all the accused including Rs 2.13 billion from Pandey. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">CIAA has filed cases against Saroj Chandra Pandit, director general of the Irrigation Department, project managers Sarvadev Prasad and Ramesh Basnet, senior divisional engineer of the project, managing director of Kalika Construction among others.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17198', 'image' => '20230405021234_Supreme Court.jpg', 'article_date' => '2023-04-05 14:11:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17462', 'article_category_id' => '1', 'title' => 'BFIs, Local Units to Provide Mapping Service of Survey Department', 'sub_title' => '', 'summary' => 'April 5: The Survey Department has started giving Login user IDs to banks and financial institutions and local level for works related to mapping.', '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 5: The Survey Department has started giving Login user IDs to banks and financial institutions and local level for works related to mapping.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Banks and financial institutions (BFIs) can use the department’s map for banking work, while the local level can also give the map to the general public, says Janak Raj Joshi, director general of the Survey Department.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">For this, the department had written a letter to Nepal Rastra Bank, the regulator of banks and financial institutions, last August and requested for making arrangements for the banks to provide this service.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This service has been subscribed by Nabil Bank Limited and NIC Asia Bank. The Survey Department’s Director and Information Officer Damodar Dhakal said that one and a half dozen other banks have approached the department to avail this service.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Before this, any bank and financial institution had to go to the surveyor's office to get a map trace, but now the banks can look at the map themselves for banking operations such as keeping collateral," said Dahal, adding, “Banks have requested for separate user IDs for different branches. We are discussing about issuing one ID for one bank. For this, the department wants to give it to the central body of every financial institution for use within its network.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that giving user IDs to all local levels and banks, the department might have problems in management. The department is using Subisu and Worldlink networks on lease for fiber connectivity of the server.</span></span></span></span></p> <p><span style="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 department plans to start this service with the commercial banks and gradually expand it to the financial institutions of 'A', 'B' and 'C' category as well as cooperatives.</span></span></span></span></p> <p><span style="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 Land Management and Records Department has already granted permission to banks and financial institutions for the purpose of releasing or withholding land transactions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Balram Kafle, the computer officer of the Land Management Department, said that about </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">300</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> withholdings/releases have already been done by the banks.</span></span></span></span></p> <p><span style="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 him, login user IDs have been taken by all banks. Apart from category B and C, some cooperatives have also taken the permission for this service.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17197', 'image' => '20230405014822_Untitled.jpg', 'article_date' => '2023-04-05 13:47:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17476', 'article_category_id' => '1', 'title' => 'NEPSE Sheds 8.28 Points; Turnover Amount Witnesses Slight Spike ', 'sub_title' => '', 'summary' => 'Of late, investors have lost confidence in the secondary stock market in Nepal. The NEPSE index shed 8.28 points and closed at 1,866.79 on Thursday, the last trading day of the week. ', 'content' => '<p><span style="font-size:20px">April 6: Of late, investors have lost confidence in the secondary stock market in Nepal. The NEPSE index shed 8.28 points and closed at 1,866.79 on Thursday, the last trading day of the week. </span></p> <p><span style="font-size:20px">The secondary equity market posted a loss of 0.44%, against yesterday’s 8.39 points gain.</span></p> <p><span style="font-size:20px">The NEPSE Index has been on bearish trend for the past one and a half years. The majority of the investors have incurred losses in the market. Entry of new investors in the bearish market is very slim. </span></p> <p><span style="font-size:20px">“The government and regulators have to revise policy-level provisions for the downward trend to reverse,” say knowledgeable people. The NEPSE traded 269 scrips via 23,388 transactions. </span></p> <p><span style="font-size:20px">A total of 2,870,819 shares exchanged hands worth Rs. 92.06 crores in turnover amount. This is higher than the last trading day's turnover of Rs. 81.6 Crores.</span></p> <p><span style="font-size:20px">Shivam Cements Limited (SHIVAM) shares traded the most and had the highest turnover of Rs. 4.92 crores closing at a market price of Rs. 405 per share. Kalinchowk Darshan Limited (KDL) gained the highest 9.98% and technically hit the positive circuit for the day.</span></p> <p><span style="font-size:20px">On the contrary, Samling Power Company Limited (SPC) lost the highest 7.43% today.<br /> Sensitive Index, Float Index and Sensitive Float Index dropped 0.92%, 0.62% and 0.39% respectively today. </span></p> <p><span style="font-size:20px">Of the 13 sub-indices traded in the market, only three sectors closed in the green zone. <br /> "Trading index" gained the highest 0.19%, while "Finance" lost the highest 1.42% today.</span><br /> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17211', 'image' => '20230406055916_collage - 2023-04-03T173010.811.jpg', 'article_date' => '2023-04-06 17:56:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '17475', 'article_category_id' => '1', 'title' => 'Bhaktapur Industrial and Tourism Festival Kicks off', 'sub_title' => '', 'summary' => 'The Seventh Bhaktapur Industrial, Cultural, Tourism and Trade Festival kicked off from Thursday. The event is organised to mark the occasion of the Nepali New Year 2080 BS and the Bisket Jatra.', 'content' => '<p><br /> <span style="font-size:20px">April 6: The Seventh Bhaktapur Industrial, Cultural, Tourism and Trade Festival kicked off from Thursday. The event is organised to mark the occasion of the Nepali New Year 2080 BS and the Bisket Jatra. </span></p> <p><span style="font-size:20px">Bisket Jatra is Bhaktapur's indigenous cultural festival celebrated for eight nights and nine days in the ancient city. The festival is celebrated from the New Year's Day.</span></p> <p><span style="font-size:20px">This year, the Nepali New Year's Day falls on April 14. The Bhaktapur Industrial, Cultural, Tourism and Trade Festival is organized at local Sallaghari in the field belonging to the Nepal Trust. </span></p> <p><span style="font-size:20px">The Organisation for Industrial Peace, Nepal and Madhyapur Boys Band have organized the event with the support of Bhaktapur District Sports Development Committee. </span></p> <p><span style="font-size:20px">Two hundred stalls featuring and selling foodstuffs, clothes, agricultural and handicraft goods, metal and earthen utensils, mobile and motor cars have been set up. </span></p> <p><span style="font-size:20px">The traders have offered discounts from 20 up to 50 percent. The organizers estimate that around 500 thousand people will visit the Festival venue and the business transaction is expected to cross Rs 100 million. ---RSS </span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17210', 'image' => '20230406045148_collage - 2023-04-06T165008.639.jpg', 'article_date' => '2023-04-06 16:49:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '17473', 'article_category_id' => '1', 'title' => 'Airline Companies Increase Flights to Ramechhap with Onset of Tourist Season', 'sub_title' => '', 'summary' => 'April 6: With the onset of the trekking and mountain expedition season, there has been a significant increase in the number of flights targeting Mount Everest, which is the main destination for trekkers.', '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 6: With the onset of the trekking and mountain expedition season, there has been a significant increase in the number of flights targeting Mount Everest, which is the main destination for trekkers.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the coronavirus pandemic largely subsided, three airlines providing service to remote areas have made Ramechhap Airport as their base.</span></span></span></span></p> <p><span style="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 Civil Aviation Authority of Nepal has issued instructions to use Ramechhap Airport as the main base for making flights to Lukla Airport, where the flow of tourists is certain to increase in the peak season. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Accordingly, Sita Air, Summit Airlines and Tara Air, which are currently flying to remote areas, have started flights to Ramechhap as their base. Buddha Air, Yeti Airlines and Shree Airlines, which fly to urban destinations, have also increased mountain flights.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Sarita Pandey, Air Traffic Controller of Ramechhap Airport, said that for the first time after the coronavirus pandemic, there have been many flights from this airport. She informed that there were a total of 407 movements (flight/landing) from the three airline companies between April 1 and 5. She said that the CAAN has established Ramechhap as the base to fly to Lukla, the flights from there have increased since the beginning of April.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ghanshyam Raj Acharya, senior general manager of Sita Air, said that the business has improved compared to the Covid-19 period</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As the tourist season has started, there is a pressure on the flights to Lukla, he said, adding "There are not enough flights from Kathmandu at this time. Because of this, flights have been arranged from Ramechhap Airport to Lukla this season.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">An official of the Airline Operators Association of Nepal said that the bookings have increased by 50 percent compared to the normal situation. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Looking at the situation so far, it seems that the arrival of tourists will increase," 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"">After the start of the spring season, more mountaineers come to climb Mount Everest. Due to this, the traffic of tourists on this route will increase. The Department of Tourism has given permission to 304 people from 40 countries for mountain climbing as of Wednesday. Most of the permits have been issued for climbing Mount Everest. According to the department, 115 people have received permits to climb Mount Everest as of Wednesday.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17209', 'image' => '20230406013809_1680757937.jpg', 'article_date' => '2023-04-06 13:37:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17474', 'article_category_id' => '1', 'title' => 'Civil Registration Department adds New Provision for Birth Registration ', 'sub_title' => '', 'summary' => 'April 6: The Department of National ID and Civil Registration has added a new provision for issuing a birth certificate to a child with the surname under the maternal lineage. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 6: The Department of National ID and Civil Registration has added a new provision for issuing a birth certificate to a child with the surname under the maternal lineage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The provision has been added targeting child born to a single mother and whose paternal lineage remains unidentified. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Talking to RSS, the department’s Director General Rudra Prasad Pandit said the provision was added following the request from local levels for further clarifying provisions for the birth registration of such children. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, the department mandates the cancellation of the birth registration issued under this category if the identity of the child's father is ascertained and the child will be issuanced a new certificate along with the address of the father. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17208', 'image' => '20230406014325_Birth-Registration-process-in-Nepal.jpg', 'article_date' => '2023-04-06 13:42:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17472', 'article_category_id' => '1', 'title' => 'Election Fever Grips FNCCI', 'sub_title' => '', 'summary' => 'April 6: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the largest umbrella organization of industrialists in the country, is currently gripped by election fever. ', '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 6: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the largest umbrella organization of industrialists in the country, is currently gripped by election fever. A total of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">119</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people have registered their candidacy for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">64</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> positions to be elected at the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">57</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">th Annual General Meeting of the federation on April 11 and 12.</span></span></span></span></p> <p><span style="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 election committee of the Federation of Nepalese Chamber of Commerce and Industry, there are three candidates for one post of senior vice president, eight candidates for three posts of vice presidents and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">108</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> candidates for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> members. </span></span></span></span></p> <p><span style="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 election of the senior vice president is of particular interest because the senior vice president will automatically become the FNCCI president during the next term.</span></span></span></span></p> <p><span style="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 candidates for this post include Ram Chandra Sanghai, Umesh Lal Shrestha and Anjan Shrestha. All the three candidates for the position of senior vice president have formed their own panels. This is the first time in the history of the federation that three election panels have been formed.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ram Chandra Sanghai, who is also the current vice president, has nominated Sur Krishna Vaidya as the district vice president, Sukunta Lal Hirachan as the objective vice president and Jyotsana Shrestha as the associate vice president from his group.</span></span></span></span></p> <p><span style="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, former vice-president Umesh Lal Shrestha has nominated Dinesh Shrestha, who is still in the same position, as the district vice-president and Hemraj Dhakal as the objective vice-president from his group. </span></span></span></span></p> <p><span style="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 incumbent vice president Anjan Shrestha has nominated Arun Sumargi as the district vice president and Manish Lal Pradhan as the objective vice president from his group. Bharatraj Acharya is the common candidate for associate vice president from the groups of Umesh Lal Shrestha and Anjan Shrestha.</span></span></span></span></p> <p><span style="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 provisions of the FNCCI, the tenure of the current president Shekhar Golchha will continue until the general assembly.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the general meeting, Senior Vice President Chandra Dhakal will automatically become the next president. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17207', 'image' => '20230406011319_1680761442.FNCCI 1-1.jpg', 'article_date' => '2023-04-06 13:12:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17471', 'article_category_id' => '1', 'title' => 'Revenue Collection Improving: Finance Secretary', 'sub_title' => '', 'summary' => 'April 6: Finance Secretary Toyam Raya insists that revenue collection is improving despite the internal pressure of the economy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 6: Finance Secretary Toyam Raya insists that revenue collection is improving despite the internal pressure of the economy. During a program organized on Wednesday to unveil the Nepal Development Update (April 2023), Secretary Raya claimed that the revenue collection, which was sluggish since the first month of the current fiscal year, has been improving.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that further improvement in revenue collection is expected. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“This year, there has been improvements in tourism, agricultural remittances and hydropower sectors, which will make the economy vibrant,” said Raya, adding, “There is still financial pressure internally. However, I believe that the country can stand strong against this challenge.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the program, Faris Hadad-Zervos, country director of the World Bank for Nepal, Sri Lanka and the Maldives said that there has been a slowdown in industrial production in all the countries of South Asia.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">India's manufacturing sector also shrunk by 2 percent between June and December last year, according to the World Bank's South Asia Economic Focus. Sri Lanka, Bangladesh and Pakistan received help from the International Monetary Fund (IMF) to solve the problems of the external sector. He said that the IMF program is also under discussion in Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Prof Dr Shiva Raj Adhikari, head of the economics department of Tribhuvan University said that Nepal needs policy changes to tame inflation, weak capital expenditure and other systemic challenges. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Barsha Shrestha, head of ICRA Nepal said that in order to improve the current economic situation, Nepal needs to make timely changes in its economic policies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the semi-annual 'Country Update' of the World Bank, the economic growth rate of Nepal this year is going to be lower than previously projected. The 'Nepal Development Update (April 2023): Fine-Tuning Policy in a Turbulent Environment' predicts that Nepal's economy will grow by 4.1 percent in the fiscal year 2023, which is less than the estimate of October 2022.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the Fiscal Year 2023/24, the growth rate is expected to increase to 4.9 percent due to the revival of the tourism sector, increase in remittance inflow and gradual easing of monetary policy. Inflation in South Asia is expected to drop to 8.9 percent this year and to fall below 7 percent in 2024.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17206', 'image' => '20230406124259_touyam.jpg', 'article_date' => '2023-04-06 12:34:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17470', 'article_category_id' => '1', 'title' => 'Kathmandu Denizens Bearing Financial Losses worth Rs 116 Billion a Year due to Traffic Congestion', 'sub_title' => '', 'summary' => 'April 6: A study conducted by the Kathmandu Metropolitan City (KMC) has found that the residents of the Kathmandu Valley have been facing annual losses worth Rs 116 billion due to traffic jams.', '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 6: A study conducted by the Kathmandu Metropolitan City (KMC) has found that the residents of the Kathmandu Valley have been facing annual losses worth Rs 116 billion due to traffic jams.</span></span></span></span></p> <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"">Jagatman Shrestha, traffic management advisor to the Kathmandu Metropolitan City, said that traffic jams causes problems like air and noise pollution, extra fuel consumption, deterioration of vehicles, health problems and accidents, resulting in financial losses worth Rs 116 billion a 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:"Nirmala UI","sans-serif"">"This is a massive loss. KMC is studying how to reduce traffic jams in order to minimize the financial losses,” said Shrestha.</span></span></span></span></p> <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"">Shrestha added that the Ministry of Physical Infrastructure and Transport, the Transport Management Office and the Department of Roads should support KMC’s efforts to minimize traffic congestion.</span></span></span></span></p> <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 him, the present situation has been created due to problems in the engineering of public transport operation and management and negligence in fulfilling the responsibilities.</span></span></span></span></p> <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"">Traffic management expert Shrestha said that the federal capital’s Urban Area Public Transport Authority should start working on how to manage vehicles and traffic within the valley.</span></span></span></span></p> <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 has issued the 'Urban Area Public Transport (Management) Authority Act-2079' for effective management of public transport. The legal arrangements of the authority are made with the aim of making the public transport sector in the urban areas easy, accessible, passenger-friendly, reliable, cost-effective and safe.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17205', 'image' => '20230406114414_20170428102005_slider.jpg', 'article_date' => '2023-04-06 11:42:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17469', 'article_category_id' => '1', 'title' => 'Construction of Postal Highway Incomplete even after Deadline Extension for Five Times ', 'sub_title' => '', 'summary' => 'April 6: Construction of the Postal Highway section in Mahendranagar area has not completed even six years after signing the contract. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 6: Construction of the Postal Highway section in Mahendranagar area has not completed even six years after signing the contract. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The construction of 62 kilometres section of the highway from Dokebazaar to Bedkot of Kanchanpur district should have been completed in 30 months had the construction works moved ahead smoothly. The contract for this section was signed in March 2017. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Twenty-six kilometres of the section of the highway in Kanchanpur district remain to be blacktopped. Engineer at the Postal Highway Project Office, Deepak Sunar admitted that there has been a delay in the construction of the highway. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The delay was due to the COVID-19 pandemic and taking approval from the National Park Office. The construction is not complete yet even after extending the deadline for five times," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Construction of 62 kilometres of the Postal Highway was started after awarding the contract in three phases. The first phase included the 20 kilometres road construction from Dokebazaar to Belauri. Ninety percent works have been completed on this section. However, the construction remains incomplete in the remaining two sections. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma-Rajendra JV had been awarded the contract for construction of the road in the first package at a cost of Rs 364.7 million. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The estimated cost of construction of the 20 kilometres road from Belauri to Beldandi under the second package is Rs 414.1 million. Only nine kilometres of the road in this section has been blacktopped so far, Sunar said. The construction has halted at Chui area on this section due to the obstruction from the Indian side. The Indian security bodies have obstructed blacktopping the road in this location claiming that the road lies within the Indian territory. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Babahansa Siddhisai JV, the construction company responsible for carrying out the construction under the second package, has hardly completed 50 percent of the work. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, only eight and half kilometres of the 22-kilometre section of the highway from Beldandi to Daiji has been blacktopped under the third package in a span of six years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The deadline for completing the works under the second and third package has been extended till mid-July this year. Only 36 kilometres of the highway has been asphalted in six years since the deadline was last extended," Sunar lamented. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The local municipalities through which the road passes have been exerting pressure from time to time for the timely completion of the construction works. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17204', 'image' => '20230406110040_postal highway facebook.jpg', 'article_date' => '2023-04-06 10:59:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17468', 'article_category_id' => '1', 'title' => 'Foreign Currency Offered in Lumbini to be Exchanged ', 'sub_title' => '', 'summary' => 'April 6: The foreign currency notes left as offerings by the visitors in Lumbini are to be now exchanged.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 6: The foreign currency notes left as offerings by the visitors in Lumbini are to be now exchanged. Siddharthanagar-based Nepal Rastra Bank (NRB) office and Lumbini Development Trust (LDT) have signed an agreement on exchanging the foreign currency notes, which had not been exchanged since a long time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">LDT treasurer Dhundi Raj Bhattarai and acting director of NRB Siddharthanagar office Shanti Prasad Pandey on Wednesday signed a memorandum of understanding for exchanging the foreign currency of 20 different countries. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The highest amount of foreign currency that has been collected as offerings and donation in Lumbini is from Myanmar, LDT treasurer Bhattarai said. He added that the currency notes of Sri Lanka, Mexico, Iraq, Brunei, Lebanon, Peru, Uganda, Vietnam, Bangladesh, Indonesia, and Oman among other countries are also in the collection. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">These foreign currency notes left at the Mayadevi Temple as donation and offering had been lying idle for a long time, as they are not included in the list of convertible currencies issued by NRB. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although LDT had, from time to time, made initiation to exchange these currency notes, they could not be converted, as they are not in NRB's list of convertible foreign currencies. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the NRB and LDT entering into agreement for converting these foreign currency notes, foreign currency equivalent to Rs 7.4 million that remained to be converted since fiscal year 2014/15 will go in the process of exchange. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We had brought up the issue of the foreign currency given as donation or offerings by the visitors coming to Lumbini lying idle as it could not be exchanged, when NRB Governor Maha Prasad Adhikari came to Rupandehi. We also handed him a memorandum, drawing his attention on this issue. An agreement has been reached in principle according to which NRB will exchange this foreign currency," LDT treasurer Bhattarai said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17203', 'image' => '20230406103028_LumbiniRSSS.jpg', 'article_date' => '2023-04-06 10:29:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17467', 'article_category_id' => '1', 'title' => 'Eighth Edition of 'Power Summit-2023’ to Be Held in Kathmandu ', 'sub_title' => '', 'summary' => 'Independent Power Producers' Association Nepal (IPPAN) is all set to organize eighth edition of ‘Power Summit-2023’ with slogan Broodening Green Energy Markets in Kathmandu.The two-day summit scheduled for April 18 and 19 will be the largest event in energy sector, according to IPPAN. ', 'content' => '<p><span style="font-size:18px">April 6: Independent Power Producers' Association Nepal (IPPAN) is all set to organize eighth edition of ‘Power Summit-2023’ with slogan Broodening Green Energy Markets in Kathmandu.The two-day summit scheduled for April 18 and 19 will be the largest event in energy sector, according to IPPAN. </span></p> <p><span style="font-size:18px">Investment Board Nepal will co-sponsor the programme with the Ministry of Energy, Water Resources and Irrigation as patron. <br /> The organizers claim that the power summit will prove to be a cornerstone in the expansion of Nepal’s energy market. </span></p> <p><span style="font-size:18px">South Asia Forum on Energy Investments will make public report regarding collection of investment in South Asia in the summit(SAFEI). </span></p> <p><span style="font-size:18px">A memorandum of understanding will be signed for the direct electricity purchase between Nepal’s hydropower projects and Indian buyers. Various agreements and understandings will be signed for the development and market expansion of renewable energy. </span></p> <p><span style="font-size:18px">According to IPPAN, 15 different sessions will be conducted on various topics including Nepal’s electricity market, transmission infrastructures, demand of hydroelectricity, technology and innovation, solar hydrogen, regulatory agencies, sustainable development in the summit. </span></p> <p><span style="font-size:18px">In the programme, Investment Board Nepal and private power producers will exhibit hydropower projects of 5,000 megawatts. <br /> Prime Minister Pushpa Kamal Dahal will inaugurate the power summit, which will see participation of more than 300 foreign representatives from over 30 countries. </span></p> <p><span style="font-size:18px">Similarly, high-ranking officials of the Nepal government, electricity trading companies, electricity producers, banks and financial institutions, transmission and distribution companies, think tanks, and other stakeholders of the energy sector will also take part in the power summit. </span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17202', 'image' => '20230406063428_collage (62).jpg', 'article_date' => '2023-04-06 06:29:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17466', 'article_category_id' => '1', 'title' => 'Digging Work of Nagdhunga Tunnel Halted for 20 Days ', 'sub_title' => '', 'summary' => 'April 5: Works related to digging of the Nagdhunga Tunnel Project in Kathmandu has been halted for 20 days after digging devices got damaged. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 5: Works related to digging of the Nagdhunga Tunnel Project in Kathmandu has been halted for 20 days after digging devices got damaged. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nagdhunga Tunnel Project shared that earlier they used to dig 3 to 4 metres on an average in a day but the digging has come to a grinding halt for 20 days owing to damages incurred in the machines used to dig the tunnel, shared Project Chief Nabin Man Shrestha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shrestha added that although other works under the project are ongoing, the progress on the part of tunnel digging has been slow. </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 soil in the digging site was substandard and machines are getting damaged frequently," he said, adding, "The kind of rocks being unearthed while digging was different from the survey.” </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The first tunnel way in the country measures 2.7 kilometres in length and has two lanes. The foundation stone of the project was laid in October, 2019 and the physical progress stands at 50.15 per cent so far. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shrestha further said that talks with the construction company Hazama Ando Corporation is ongoing to resolve the problem.</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 Japanese construction company is reeling under human resources crunch and is lacking adequate machines at present, it has been learnt. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The tunnel is being constructed with loan assistance from the Government of Japan and is expected to reduce the time to cross the Nagdhunga Pass to one-third of the current time and make transportation of people safe and efficient. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, delays in addressing the compensation issues related to land acquisition has been further pushing the deadline of the project ought to be completed within 42 months from the start of the project. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Workers falling sick, unavailability of machines and tools and other hurdles during COVID-19 pandemic slowed down the construction process in between. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17201', 'image' => '20230405065239_nagdhungatunnel.jpg', 'article_date' => '2023-04-05 18:51:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17465', 'article_category_id' => '1', 'title' => 'Investors in Wait and Watch Mood; Turnover Amount Contracts to 81.60 crores ', 'sub_title' => '', 'summary' => 'After four days’ consecutive fall, the NNEPSE index gained 8.39 points and settled at 1875.07 on Wednesday. NEPSE posted a rise of 0.45 per cent today against the loss of 5.20 points yesterday.', 'content' => '<p>April 5: After four days’ consecutive fall, the NEPSE index gained 8.39 points and settled at 1875.07 on Wednesday. NEPSE posted a rise of 0.45 per cent today against the loss of 5.20 points yesterday.</p> <p>Though the one and only equity market closed with marginal gain, turnover amount has not gone up. Owing to the lack of confidence, investors have not increased their investment. Since investors are in wait and watch mood, they have not injected fresh cash to the market. </p> <p>As many as 262 scrips traded hands via 21,504 transactions. A total of 2,602,956 shares exchanged hands with the total transaction amount standing at Rs. 81.6 crores . This is lower than the last trading day's turnover of Rs. 91.76 crores.</p> <p>Shivam Cement Limited (SHIVM) shares traded the most and had the highest turnover of Rs. 6.43 crores closing at a market price of Rs. 409 per share.<br /> Likewise, Kalinchowk Darshan Limited (KDL) gained the highest 9.97% and technically hit the positive circuit for the day.</p> <p>Conversely, Citizens Mutual Fund -1 (CMF1) lost the highest 7.14% today.<br /> Out of all traded sub-indices, only three closed in the red zone. "Hotel and Tourism" gained the highest 0.52%, while "Non-Life Insurance" lost the highest 1.04% today.<br /> </p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17200', 'image' => '20230405060011_collage - 2023-04-05T175817.116.jpg', 'article_date' => '2023-04-05 17:55:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17464', 'article_category_id' => '1', 'title' => 'Development Partners urge Finance Minister for Effective Implementation of Projects ', 'sub_title' => '', 'summary' => 'April 5: Representatives of Nepal's two major development partners: Asian Development Bank (ADB) and the World Bank (WB) have called on Finance Minister Dr Prakash Sharan Mahat and discussed relevant issues. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 5: Representatives of Nepal's two major development partners: Asian Development Bank (ADB) and the World Bank (WB) have called on Finance Minister Dr Prakash Sharan Mahat and discussed relevant issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The WB delegation met with the Minister on Tuesday and the ADB team on Wednesday morning. During the meetings, the development partners urged the minister to take initiatives for the effective implementation of various projects and programmes funded in Nepal by them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Following a discussion with ADB country director for Nepal Arnaud Cauchois' team on Wednesday morning, Finance Minister Mahat said Nepal's development partners are excited to further invest in Nepal and their concern was that their funds could not be spent on time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In addition to this, they were concerned about the delay in the implementation of the projects in absence of timely site clearance, delay in bidding process and the lack of expected progress. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">New development projects and programmes were also discussed. Finance Minister Mahat said that the development partners expressed their interest to assist in Nepal's various sectors. The ADB expressed its concern over the Dudhkoshi Hydropower Project while the WB was concerned about the Arun Hydropower Project. Moreover, they expressed their interests in the budgetary assistance for road projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the separate meetings, the finance minister is said to have apprised the delegations that grants and soft loans were the priorities of Nepal, and the responses were positive. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17199', 'image' => '20230405055012_Fs8OQ8fXwAEn8y-.jpg', 'article_date' => '2023-04-05 17:49:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17463', 'article_category_id' => '1', 'title' => 'Sikta's Corruption Case Lands in Supreme Court', 'sub_title' => '', 'summary' => 'April 5: An appeal has been filed at the Supreme Court against the decision of the Special Court to acquit 21 people, including the head of Kalika Construction, Bikram Pandey, who were accused of corruption in the Sikta Irrigation Project, one of the national pride projects under construction in Banke.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 5: An appeal has been filed at the Supreme Court against the decision of the Special Court to acquit 21 people, including the head of Kalika Construction, Bikram Pandey, who were accused of corruption in the Sikta Irrigation Project, one of the national pride projects under construction in Banke.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The Commission for the Investigation of Abuse of Authority (CIAA) on Tuesday appealed to the Supreme Court against the decision of the Special Court. After spending almost Rs 15.5 billion the in the project, the main canal of Sikta collapsed during the testing phase prompting the authority to file a case against Pandey and 20 others who were assigned various responsibilities. However, the special court acquitted the accused on the ground that the original canal had collapsed due to poor structure of the soil.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">There is a legal provision that the contractor company has to bear the responsiblity for all the repairs and maintenance if there is damage to any project within one year of the completion of the construction work. However, the project leaders at that time did not repair the original canal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Shortly before the federal election, Pandey was allowed to become a candidate after being acquitted by the Special Court. He also became a minister in the government that was formed immediately after winning the election. The authority has claimed Rs 8.59 billion from all the accused including Rs 2.13 billion from Pandey. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">CIAA has filed cases against Saroj Chandra Pandit, director general of the Irrigation Department, project managers Sarvadev Prasad and Ramesh Basnet, senior divisional engineer of the project, managing director of Kalika Construction among others.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17198', 'image' => '20230405021234_Supreme Court.jpg', 'article_date' => '2023-04-05 14:11:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17462', 'article_category_id' => '1', 'title' => 'BFIs, Local Units to Provide Mapping Service of Survey Department', 'sub_title' => '', 'summary' => 'April 5: The Survey Department has started giving Login user IDs to banks and financial institutions and local level for works related to mapping.', '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 5: The Survey Department has started giving Login user IDs to banks and financial institutions and local level for works related to mapping.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Banks and financial institutions (BFIs) can use the department’s map for banking work, while the local level can also give the map to the general public, says Janak Raj Joshi, director general of the Survey Department.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">For this, the department had written a letter to Nepal Rastra Bank, the regulator of banks and financial institutions, last August and requested for making arrangements for the banks to provide this service.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This service has been subscribed by Nabil Bank Limited and NIC Asia Bank. The Survey Department’s Director and Information Officer Damodar Dhakal said that one and a half dozen other banks have approached the department to avail this service.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Before this, any bank and financial institution had to go to the surveyor's office to get a map trace, but now the banks can look at the map themselves for banking operations such as keeping collateral," said Dahal, adding, “Banks have requested for separate user IDs for different branches. We are discussing about issuing one ID for one bank. For this, the department wants to give it to the central body of every financial institution for use within its network.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that giving user IDs to all local levels and banks, the department might have problems in management. The department is using Subisu and Worldlink networks on lease for fiber connectivity of the server.</span></span></span></span></p> <p><span style="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 department plans to start this service with the commercial banks and gradually expand it to the financial institutions of 'A', 'B' and 'C' category as well as cooperatives.</span></span></span></span></p> <p><span style="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 Land Management and Records Department has already granted permission to banks and financial institutions for the purpose of releasing or withholding land transactions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Balram Kafle, the computer officer of the Land Management Department, said that about </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">300</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> withholdings/releases have already been done by the banks.</span></span></span></span></p> <p><span style="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 him, login user IDs have been taken by all banks. Apart from category B and C, some cooperatives have also taken the permission for this service.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17197', 'image' => '20230405014822_Untitled.jpg', 'article_date' => '2023-04-05 13:47:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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' => '17476', 'article_category_id' => '1', 'title' => 'NEPSE Sheds 8.28 Points; Turnover Amount Witnesses Slight Spike ', 'sub_title' => '', 'summary' => 'Of late, investors have lost confidence in the secondary stock market in Nepal. The NEPSE index shed 8.28 points and closed at 1,866.79 on Thursday, the last trading day of the week. ', 'content' => '<p><span style="font-size:20px">April 6: Of late, investors have lost confidence in the secondary stock market in Nepal. The NEPSE index shed 8.28 points and closed at 1,866.79 on Thursday, the last trading day of the week. </span></p> <p><span style="font-size:20px">The secondary equity market posted a loss of 0.44%, against yesterday’s 8.39 points gain.</span></p> <p><span style="font-size:20px">The NEPSE Index has been on bearish trend for the past one and a half years. The majority of the investors have incurred losses in the market. Entry of new investors in the bearish market is very slim. </span></p> <p><span style="font-size:20px">“The government and regulators have to revise policy-level provisions for the downward trend to reverse,” say knowledgeable people. The NEPSE traded 269 scrips via 23,388 transactions. </span></p> <p><span style="font-size:20px">A total of 2,870,819 shares exchanged hands worth Rs. 92.06 crores in turnover amount. This is higher than the last trading day's turnover of Rs. 81.6 Crores.</span></p> <p><span style="font-size:20px">Shivam Cements Limited (SHIVAM) shares traded the most and had the highest turnover of Rs. 4.92 crores closing at a market price of Rs. 405 per share. Kalinchowk Darshan Limited (KDL) gained the highest 9.98% and technically hit the positive circuit for the day.</span></p> <p><span style="font-size:20px">On the contrary, Samling Power Company Limited (SPC) lost the highest 7.43% today.<br /> Sensitive Index, Float Index and Sensitive Float Index dropped 0.92%, 0.62% and 0.39% respectively today. </span></p> <p><span style="font-size:20px">Of the 13 sub-indices traded in the market, only three sectors closed in the green zone. <br /> "Trading index" gained the highest 0.19%, while "Finance" lost the highest 1.42% today.</span><br /> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17211', 'image' => '20230406055916_collage - 2023-04-03T173010.811.jpg', 'article_date' => '2023-04-06 17:56:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '17475', 'article_category_id' => '1', 'title' => 'Bhaktapur Industrial and Tourism Festival Kicks off', 'sub_title' => '', 'summary' => 'The Seventh Bhaktapur Industrial, Cultural, Tourism and Trade Festival kicked off from Thursday. The event is organised to mark the occasion of the Nepali New Year 2080 BS and the Bisket Jatra.', 'content' => '<p><br /> <span style="font-size:20px">April 6: The Seventh Bhaktapur Industrial, Cultural, Tourism and Trade Festival kicked off from Thursday. The event is organised to mark the occasion of the Nepali New Year 2080 BS and the Bisket Jatra. </span></p> <p><span style="font-size:20px">Bisket Jatra is Bhaktapur's indigenous cultural festival celebrated for eight nights and nine days in the ancient city. The festival is celebrated from the New Year's Day.</span></p> <p><span style="font-size:20px">This year, the Nepali New Year's Day falls on April 14. The Bhaktapur Industrial, Cultural, Tourism and Trade Festival is organized at local Sallaghari in the field belonging to the Nepal Trust. </span></p> <p><span style="font-size:20px">The Organisation for Industrial Peace, Nepal and Madhyapur Boys Band have organized the event with the support of Bhaktapur District Sports Development Committee. </span></p> <p><span style="font-size:20px">Two hundred stalls featuring and selling foodstuffs, clothes, agricultural and handicraft goods, metal and earthen utensils, mobile and motor cars have been set up. </span></p> <p><span style="font-size:20px">The traders have offered discounts from 20 up to 50 percent. The organizers estimate that around 500 thousand people will visit the Festival venue and the business transaction is expected to cross Rs 100 million. ---RSS </span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17210', 'image' => '20230406045148_collage - 2023-04-06T165008.639.jpg', 'article_date' => '2023-04-06 16:49:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '17473', 'article_category_id' => '1', 'title' => 'Airline Companies Increase Flights to Ramechhap with Onset of Tourist Season', 'sub_title' => '', 'summary' => 'April 6: With the onset of the trekking and mountain expedition season, there has been a significant increase in the number of flights targeting Mount Everest, which is the main destination for trekkers.', '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 6: With the onset of the trekking and mountain expedition season, there has been a significant increase in the number of flights targeting Mount Everest, which is the main destination for trekkers.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the coronavirus pandemic largely subsided, three airlines providing service to remote areas have made Ramechhap Airport as their base.</span></span></span></span></p> <p><span style="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 Civil Aviation Authority of Nepal has issued instructions to use Ramechhap Airport as the main base for making flights to Lukla Airport, where the flow of tourists is certain to increase in the peak season. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Accordingly, Sita Air, Summit Airlines and Tara Air, which are currently flying to remote areas, have started flights to Ramechhap as their base. Buddha Air, Yeti Airlines and Shree Airlines, which fly to urban destinations, have also increased mountain flights.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Sarita Pandey, Air Traffic Controller of Ramechhap Airport, said that for the first time after the coronavirus pandemic, there have been many flights from this airport. She informed that there were a total of 407 movements (flight/landing) from the three airline companies between April 1 and 5. She said that the CAAN has established Ramechhap as the base to fly to Lukla, the flights from there have increased since the beginning of April.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ghanshyam Raj Acharya, senior general manager of Sita Air, said that the business has improved compared to the Covid-19 period</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As the tourist season has started, there is a pressure on the flights to Lukla, he said, adding "There are not enough flights from Kathmandu at this time. Because of this, flights have been arranged from Ramechhap Airport to Lukla this season.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">An official of the Airline Operators Association of Nepal said that the bookings have increased by 50 percent compared to the normal situation. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Looking at the situation so far, it seems that the arrival of tourists will increase," 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"">After the start of the spring season, more mountaineers come to climb Mount Everest. Due to this, the traffic of tourists on this route will increase. The Department of Tourism has given permission to 304 people from 40 countries for mountain climbing as of Wednesday. Most of the permits have been issued for climbing Mount Everest. According to the department, 115 people have received permits to climb Mount Everest as of Wednesday.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17209', 'image' => '20230406013809_1680757937.jpg', 'article_date' => '2023-04-06 13:37:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17474', 'article_category_id' => '1', 'title' => 'Civil Registration Department adds New Provision for Birth Registration ', 'sub_title' => '', 'summary' => 'April 6: The Department of National ID and Civil Registration has added a new provision for issuing a birth certificate to a child with the surname under the maternal lineage. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 6: The Department of National ID and Civil Registration has added a new provision for issuing a birth certificate to a child with the surname under the maternal lineage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The provision has been added targeting child born to a single mother and whose paternal lineage remains unidentified. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Talking to RSS, the department’s Director General Rudra Prasad Pandit said the provision was added following the request from local levels for further clarifying provisions for the birth registration of such children. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, the department mandates the cancellation of the birth registration issued under this category if the identity of the child's father is ascertained and the child will be issuanced a new certificate along with the address of the father. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17208', 'image' => '20230406014325_Birth-Registration-process-in-Nepal.jpg', 'article_date' => '2023-04-06 13:42:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17472', 'article_category_id' => '1', 'title' => 'Election Fever Grips FNCCI', 'sub_title' => '', 'summary' => 'April 6: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the largest umbrella organization of industrialists in the country, is currently gripped by election fever. ', '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 6: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the largest umbrella organization of industrialists in the country, is currently gripped by election fever. A total of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">119</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people have registered their candidacy for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">64</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> positions to be elected at the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">57</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">th Annual General Meeting of the federation on April 11 and 12.</span></span></span></span></p> <p><span style="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 election committee of the Federation of Nepalese Chamber of Commerce and Industry, there are three candidates for one post of senior vice president, eight candidates for three posts of vice presidents and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">108</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> candidates for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> members. </span></span></span></span></p> <p><span style="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 election of the senior vice president is of particular interest because the senior vice president will automatically become the FNCCI president during the next term.</span></span></span></span></p> <p><span style="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 candidates for this post include Ram Chandra Sanghai, Umesh Lal Shrestha and Anjan Shrestha. All the three candidates for the position of senior vice president have formed their own panels. This is the first time in the history of the federation that three election panels have been formed.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ram Chandra Sanghai, who is also the current vice president, has nominated Sur Krishna Vaidya as the district vice president, Sukunta Lal Hirachan as the objective vice president and Jyotsana Shrestha as the associate vice president from his group.</span></span></span></span></p> <p><span style="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, former vice-president Umesh Lal Shrestha has nominated Dinesh Shrestha, who is still in the same position, as the district vice-president and Hemraj Dhakal as the objective vice-president from his group. </span></span></span></span></p> <p><span style="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 incumbent vice president Anjan Shrestha has nominated Arun Sumargi as the district vice president and Manish Lal Pradhan as the objective vice president from his group. Bharatraj Acharya is the common candidate for associate vice president from the groups of Umesh Lal Shrestha and Anjan Shrestha.</span></span></span></span></p> <p><span style="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 provisions of the FNCCI, the tenure of the current president Shekhar Golchha will continue until the general assembly.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the general meeting, Senior Vice President Chandra Dhakal will automatically become the next president. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17207', 'image' => '20230406011319_1680761442.FNCCI 1-1.jpg', 'article_date' => '2023-04-06 13:12:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17471', 'article_category_id' => '1', 'title' => 'Revenue Collection Improving: Finance Secretary', 'sub_title' => '', 'summary' => 'April 6: Finance Secretary Toyam Raya insists that revenue collection is improving despite the internal pressure of the economy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 6: Finance Secretary Toyam Raya insists that revenue collection is improving despite the internal pressure of the economy. During a program organized on Wednesday to unveil the Nepal Development Update (April 2023), Secretary Raya claimed that the revenue collection, which was sluggish since the first month of the current fiscal year, has been improving.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that further improvement in revenue collection is expected. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“This year, there has been improvements in tourism, agricultural remittances and hydropower sectors, which will make the economy vibrant,” said Raya, adding, “There is still financial pressure internally. However, I believe that the country can stand strong against this challenge.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the program, Faris Hadad-Zervos, country director of the World Bank for Nepal, Sri Lanka and the Maldives said that there has been a slowdown in industrial production in all the countries of South Asia.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">India's manufacturing sector also shrunk by 2 percent between June and December last year, according to the World Bank's South Asia Economic Focus. Sri Lanka, Bangladesh and Pakistan received help from the International Monetary Fund (IMF) to solve the problems of the external sector. He said that the IMF program is also under discussion in Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Prof Dr Shiva Raj Adhikari, head of the economics department of Tribhuvan University said that Nepal needs policy changes to tame inflation, weak capital expenditure and other systemic challenges. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Barsha Shrestha, head of ICRA Nepal said that in order to improve the current economic situation, Nepal needs to make timely changes in its economic policies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the semi-annual 'Country Update' of the World Bank, the economic growth rate of Nepal this year is going to be lower than previously projected. The 'Nepal Development Update (April 2023): Fine-Tuning Policy in a Turbulent Environment' predicts that Nepal's economy will grow by 4.1 percent in the fiscal year 2023, which is less than the estimate of October 2022.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the Fiscal Year 2023/24, the growth rate is expected to increase to 4.9 percent due to the revival of the tourism sector, increase in remittance inflow and gradual easing of monetary policy. Inflation in South Asia is expected to drop to 8.9 percent this year and to fall below 7 percent in 2024.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17206', 'image' => '20230406124259_touyam.jpg', 'article_date' => '2023-04-06 12:34:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17470', 'article_category_id' => '1', 'title' => 'Kathmandu Denizens Bearing Financial Losses worth Rs 116 Billion a Year due to Traffic Congestion', 'sub_title' => '', 'summary' => 'April 6: A study conducted by the Kathmandu Metropolitan City (KMC) has found that the residents of the Kathmandu Valley have been facing annual losses worth Rs 116 billion due to traffic jams.', '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 6: A study conducted by the Kathmandu Metropolitan City (KMC) has found that the residents of the Kathmandu Valley have been facing annual losses worth Rs 116 billion due to traffic jams.</span></span></span></span></p> <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"">Jagatman Shrestha, traffic management advisor to the Kathmandu Metropolitan City, said that traffic jams causes problems like air and noise pollution, extra fuel consumption, deterioration of vehicles, health problems and accidents, resulting in financial losses worth Rs 116 billion a 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:"Nirmala UI","sans-serif"">"This is a massive loss. KMC is studying how to reduce traffic jams in order to minimize the financial losses,” said Shrestha.</span></span></span></span></p> <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"">Shrestha added that the Ministry of Physical Infrastructure and Transport, the Transport Management Office and the Department of Roads should support KMC’s efforts to minimize traffic congestion.</span></span></span></span></p> <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 him, the present situation has been created due to problems in the engineering of public transport operation and management and negligence in fulfilling the responsibilities.</span></span></span></span></p> <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"">Traffic management expert Shrestha said that the federal capital’s Urban Area Public Transport Authority should start working on how to manage vehicles and traffic within the valley.</span></span></span></span></p> <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 has issued the 'Urban Area Public Transport (Management) Authority Act-2079' for effective management of public transport. The legal arrangements of the authority are made with the aim of making the public transport sector in the urban areas easy, accessible, passenger-friendly, reliable, cost-effective and safe.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17205', 'image' => '20230406114414_20170428102005_slider.jpg', 'article_date' => '2023-04-06 11:42:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17469', 'article_category_id' => '1', 'title' => 'Construction of Postal Highway Incomplete even after Deadline Extension for Five Times ', 'sub_title' => '', 'summary' => 'April 6: Construction of the Postal Highway section in Mahendranagar area has not completed even six years after signing the contract. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 6: Construction of the Postal Highway section in Mahendranagar area has not completed even six years after signing the contract. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The construction of 62 kilometres section of the highway from Dokebazaar to Bedkot of Kanchanpur district should have been completed in 30 months had the construction works moved ahead smoothly. The contract for this section was signed in March 2017. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Twenty-six kilometres of the section of the highway in Kanchanpur district remain to be blacktopped. Engineer at the Postal Highway Project Office, Deepak Sunar admitted that there has been a delay in the construction of the highway. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The delay was due to the COVID-19 pandemic and taking approval from the National Park Office. The construction is not complete yet even after extending the deadline for five times," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Construction of 62 kilometres of the Postal Highway was started after awarding the contract in three phases. The first phase included the 20 kilometres road construction from Dokebazaar to Belauri. Ninety percent works have been completed on this section. However, the construction remains incomplete in the remaining two sections. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma-Rajendra JV had been awarded the contract for construction of the road in the first package at a cost of Rs 364.7 million. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The estimated cost of construction of the 20 kilometres road from Belauri to Beldandi under the second package is Rs 414.1 million. Only nine kilometres of the road in this section has been blacktopped so far, Sunar said. The construction has halted at Chui area on this section due to the obstruction from the Indian side. The Indian security bodies have obstructed blacktopping the road in this location claiming that the road lies within the Indian territory. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Babahansa Siddhisai JV, the construction company responsible for carrying out the construction under the second package, has hardly completed 50 percent of the work. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, only eight and half kilometres of the 22-kilometre section of the highway from Beldandi to Daiji has been blacktopped under the third package in a span of six years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The deadline for completing the works under the second and third package has been extended till mid-July this year. Only 36 kilometres of the highway has been asphalted in six years since the deadline was last extended," Sunar lamented. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The local municipalities through which the road passes have been exerting pressure from time to time for the timely completion of the construction works. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17204', 'image' => '20230406110040_postal highway facebook.jpg', 'article_date' => '2023-04-06 10:59:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17468', 'article_category_id' => '1', 'title' => 'Foreign Currency Offered in Lumbini to be Exchanged ', 'sub_title' => '', 'summary' => 'April 6: The foreign currency notes left as offerings by the visitors in Lumbini are to be now exchanged.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 6: The foreign currency notes left as offerings by the visitors in Lumbini are to be now exchanged. Siddharthanagar-based Nepal Rastra Bank (NRB) office and Lumbini Development Trust (LDT) have signed an agreement on exchanging the foreign currency notes, which had not been exchanged since a long time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">LDT treasurer Dhundi Raj Bhattarai and acting director of NRB Siddharthanagar office Shanti Prasad Pandey on Wednesday signed a memorandum of understanding for exchanging the foreign currency of 20 different countries. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The highest amount of foreign currency that has been collected as offerings and donation in Lumbini is from Myanmar, LDT treasurer Bhattarai said. He added that the currency notes of Sri Lanka, Mexico, Iraq, Brunei, Lebanon, Peru, Uganda, Vietnam, Bangladesh, Indonesia, and Oman among other countries are also in the collection. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">These foreign currency notes left at the Mayadevi Temple as donation and offering had been lying idle for a long time, as they are not included in the list of convertible currencies issued by NRB. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although LDT had, from time to time, made initiation to exchange these currency notes, they could not be converted, as they are not in NRB's list of convertible foreign currencies. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the NRB and LDT entering into agreement for converting these foreign currency notes, foreign currency equivalent to Rs 7.4 million that remained to be converted since fiscal year 2014/15 will go in the process of exchange. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We had brought up the issue of the foreign currency given as donation or offerings by the visitors coming to Lumbini lying idle as it could not be exchanged, when NRB Governor Maha Prasad Adhikari came to Rupandehi. We also handed him a memorandum, drawing his attention on this issue. An agreement has been reached in principle according to which NRB will exchange this foreign currency," LDT treasurer Bhattarai said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17203', 'image' => '20230406103028_LumbiniRSSS.jpg', 'article_date' => '2023-04-06 10:29:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17467', 'article_category_id' => '1', 'title' => 'Eighth Edition of 'Power Summit-2023’ to Be Held in Kathmandu ', 'sub_title' => '', 'summary' => 'Independent Power Producers' Association Nepal (IPPAN) is all set to organize eighth edition of ‘Power Summit-2023’ with slogan Broodening Green Energy Markets in Kathmandu.The two-day summit scheduled for April 18 and 19 will be the largest event in energy sector, according to IPPAN. ', 'content' => '<p><span style="font-size:18px">April 6: Independent Power Producers' Association Nepal (IPPAN) is all set to organize eighth edition of ‘Power Summit-2023’ with slogan Broodening Green Energy Markets in Kathmandu.The two-day summit scheduled for April 18 and 19 will be the largest event in energy sector, according to IPPAN. </span></p> <p><span style="font-size:18px">Investment Board Nepal will co-sponsor the programme with the Ministry of Energy, Water Resources and Irrigation as patron. <br /> The organizers claim that the power summit will prove to be a cornerstone in the expansion of Nepal’s energy market. </span></p> <p><span style="font-size:18px">South Asia Forum on Energy Investments will make public report regarding collection of investment in South Asia in the summit(SAFEI). </span></p> <p><span style="font-size:18px">A memorandum of understanding will be signed for the direct electricity purchase between Nepal’s hydropower projects and Indian buyers. Various agreements and understandings will be signed for the development and market expansion of renewable energy. </span></p> <p><span style="font-size:18px">According to IPPAN, 15 different sessions will be conducted on various topics including Nepal’s electricity market, transmission infrastructures, demand of hydroelectricity, technology and innovation, solar hydrogen, regulatory agencies, sustainable development in the summit. </span></p> <p><span style="font-size:18px">In the programme, Investment Board Nepal and private power producers will exhibit hydropower projects of 5,000 megawatts. <br /> Prime Minister Pushpa Kamal Dahal will inaugurate the power summit, which will see participation of more than 300 foreign representatives from over 30 countries. </span></p> <p><span style="font-size:18px">Similarly, high-ranking officials of the Nepal government, electricity trading companies, electricity producers, banks and financial institutions, transmission and distribution companies, think tanks, and other stakeholders of the energy sector will also take part in the power summit. </span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17202', 'image' => '20230406063428_collage (62).jpg', 'article_date' => '2023-04-06 06:29:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17466', 'article_category_id' => '1', 'title' => 'Digging Work of Nagdhunga Tunnel Halted for 20 Days ', 'sub_title' => '', 'summary' => 'April 5: Works related to digging of the Nagdhunga Tunnel Project in Kathmandu has been halted for 20 days after digging devices got damaged. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 5: Works related to digging of the Nagdhunga Tunnel Project in Kathmandu has been halted for 20 days after digging devices got damaged. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nagdhunga Tunnel Project shared that earlier they used to dig 3 to 4 metres on an average in a day but the digging has come to a grinding halt for 20 days owing to damages incurred in the machines used to dig the tunnel, shared Project Chief Nabin Man Shrestha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shrestha added that although other works under the project are ongoing, the progress on the part of tunnel digging has been slow. </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 soil in the digging site was substandard and machines are getting damaged frequently," he said, adding, "The kind of rocks being unearthed while digging was different from the survey.” </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The first tunnel way in the country measures 2.7 kilometres in length and has two lanes. The foundation stone of the project was laid in October, 2019 and the physical progress stands at 50.15 per cent so far. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shrestha further said that talks with the construction company Hazama Ando Corporation is ongoing to resolve the problem.</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 Japanese construction company is reeling under human resources crunch and is lacking adequate machines at present, it has been learnt. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The tunnel is being constructed with loan assistance from the Government of Japan and is expected to reduce the time to cross the Nagdhunga Pass to one-third of the current time and make transportation of people safe and efficient. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, delays in addressing the compensation issues related to land acquisition has been further pushing the deadline of the project ought to be completed within 42 months from the start of the project. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Workers falling sick, unavailability of machines and tools and other hurdles during COVID-19 pandemic slowed down the construction process in between. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17201', 'image' => '20230405065239_nagdhungatunnel.jpg', 'article_date' => '2023-04-05 18:51:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17465', 'article_category_id' => '1', 'title' => 'Investors in Wait and Watch Mood; Turnover Amount Contracts to 81.60 crores ', 'sub_title' => '', 'summary' => 'After four days’ consecutive fall, the NNEPSE index gained 8.39 points and settled at 1875.07 on Wednesday. NEPSE posted a rise of 0.45 per cent today against the loss of 5.20 points yesterday.', 'content' => '<p>April 5: After four days’ consecutive fall, the NEPSE index gained 8.39 points and settled at 1875.07 on Wednesday. NEPSE posted a rise of 0.45 per cent today against the loss of 5.20 points yesterday.</p> <p>Though the one and only equity market closed with marginal gain, turnover amount has not gone up. Owing to the lack of confidence, investors have not increased their investment. Since investors are in wait and watch mood, they have not injected fresh cash to the market. </p> <p>As many as 262 scrips traded hands via 21,504 transactions. A total of 2,602,956 shares exchanged hands with the total transaction amount standing at Rs. 81.6 crores . This is lower than the last trading day's turnover of Rs. 91.76 crores.</p> <p>Shivam Cement Limited (SHIVM) shares traded the most and had the highest turnover of Rs. 6.43 crores closing at a market price of Rs. 409 per share.<br /> Likewise, Kalinchowk Darshan Limited (KDL) gained the highest 9.97% and technically hit the positive circuit for the day.</p> <p>Conversely, Citizens Mutual Fund -1 (CMF1) lost the highest 7.14% today.<br /> Out of all traded sub-indices, only three closed in the red zone. "Hotel and Tourism" gained the highest 0.52%, while "Non-Life Insurance" lost the highest 1.04% today.<br /> </p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17200', 'image' => '20230405060011_collage - 2023-04-05T175817.116.jpg', 'article_date' => '2023-04-05 17:55:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17464', 'article_category_id' => '1', 'title' => 'Development Partners urge Finance Minister for Effective Implementation of Projects ', 'sub_title' => '', 'summary' => 'April 5: Representatives of Nepal's two major development partners: Asian Development Bank (ADB) and the World Bank (WB) have called on Finance Minister Dr Prakash Sharan Mahat and discussed relevant issues. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 5: Representatives of Nepal's two major development partners: Asian Development Bank (ADB) and the World Bank (WB) have called on Finance Minister Dr Prakash Sharan Mahat and discussed relevant issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The WB delegation met with the Minister on Tuesday and the ADB team on Wednesday morning. During the meetings, the development partners urged the minister to take initiatives for the effective implementation of various projects and programmes funded in Nepal by them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Following a discussion with ADB country director for Nepal Arnaud Cauchois' team on Wednesday morning, Finance Minister Mahat said Nepal's development partners are excited to further invest in Nepal and their concern was that their funds could not be spent on time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In addition to this, they were concerned about the delay in the implementation of the projects in absence of timely site clearance, delay in bidding process and the lack of expected progress. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">New development projects and programmes were also discussed. Finance Minister Mahat said that the development partners expressed their interest to assist in Nepal's various sectors. The ADB expressed its concern over the Dudhkoshi Hydropower Project while the WB was concerned about the Arun Hydropower Project. Moreover, they expressed their interests in the budgetary assistance for road projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the separate meetings, the finance minister is said to have apprised the delegations that grants and soft loans were the priorities of Nepal, and the responses were positive. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17199', 'image' => '20230405055012_Fs8OQ8fXwAEn8y-.jpg', 'article_date' => '2023-04-05 17:49:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17463', 'article_category_id' => '1', 'title' => 'Sikta's Corruption Case Lands in Supreme Court', 'sub_title' => '', 'summary' => 'April 5: An appeal has been filed at the Supreme Court against the decision of the Special Court to acquit 21 people, including the head of Kalika Construction, Bikram Pandey, who were accused of corruption in the Sikta Irrigation Project, one of the national pride projects under construction in Banke.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 5: An appeal has been filed at the Supreme Court against the decision of the Special Court to acquit 21 people, including the head of Kalika Construction, Bikram Pandey, who were accused of corruption in the Sikta Irrigation Project, one of the national pride projects under construction in Banke.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The Commission for the Investigation of Abuse of Authority (CIAA) on Tuesday appealed to the Supreme Court against the decision of the Special Court. After spending almost Rs 15.5 billion the in the project, the main canal of Sikta collapsed during the testing phase prompting the authority to file a case against Pandey and 20 others who were assigned various responsibilities. However, the special court acquitted the accused on the ground that the original canal had collapsed due to poor structure of the soil.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">There is a legal provision that the contractor company has to bear the responsiblity for all the repairs and maintenance if there is damage to any project within one year of the completion of the construction work. However, the project leaders at that time did not repair the original canal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Shortly before the federal election, Pandey was allowed to become a candidate after being acquitted by the Special Court. He also became a minister in the government that was formed immediately after winning the election. The authority has claimed Rs 8.59 billion from all the accused including Rs 2.13 billion from Pandey. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">CIAA has filed cases against Saroj Chandra Pandit, director general of the Irrigation Department, project managers Sarvadev Prasad and Ramesh Basnet, senior divisional engineer of the project, managing director of Kalika Construction among others.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17198', 'image' => '20230405021234_Supreme Court.jpg', 'article_date' => '2023-04-05 14:11:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17462', 'article_category_id' => '1', 'title' => 'BFIs, Local Units to Provide Mapping Service of Survey Department', 'sub_title' => '', 'summary' => 'April 5: The Survey Department has started giving Login user IDs to banks and financial institutions and local level for works related to mapping.', '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 5: The Survey Department has started giving Login user IDs to banks and financial institutions and local level for works related to mapping.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Banks and financial institutions (BFIs) can use the department’s map for banking work, while the local level can also give the map to the general public, says Janak Raj Joshi, director general of the Survey Department.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">For this, the department had written a letter to Nepal Rastra Bank, the regulator of banks and financial institutions, last August and requested for making arrangements for the banks to provide this service.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This service has been subscribed by Nabil Bank Limited and NIC Asia Bank. The Survey Department’s Director and Information Officer Damodar Dhakal said that one and a half dozen other banks have approached the department to avail this service.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Before this, any bank and financial institution had to go to the surveyor's office to get a map trace, but now the banks can look at the map themselves for banking operations such as keeping collateral," said Dahal, adding, “Banks have requested for separate user IDs for different branches. We are discussing about issuing one ID for one bank. For this, the department wants to give it to the central body of every financial institution for use within its network.”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that giving user IDs to all local levels and banks, the department might have problems in management. The department is using Subisu and Worldlink networks on lease for fiber connectivity of the server.</span></span></span></span></p> <p><span style="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 department plans to start this service with the commercial banks and gradually expand it to the financial institutions of 'A', 'B' and 'C' category as well as cooperatives.</span></span></span></span></p> <p><span style="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 Land Management and Records Department has already granted permission to banks and financial institutions for the purpose of releasing or withholding land transactions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Balram Kafle, the computer officer of the Land Management Department, said that about </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">300</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> withholdings/releases have already been done by the banks.</span></span></span></span></p> <p><span style="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 him, login user IDs have been taken by all banks. Apart from category B and C, some cooperatives have also taken the permission for this service.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-05', 'modified' => '2023-04-05', 'keywords' => '', 'description' => '', 'sortorder' => '17197', 'image' => '20230405014822_Untitled.jpg', 'article_date' => '2023-04-05 13:47:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
