The Ministry of Health and Population has stated that corona virus infection is increasing in Nepal due to the seasonal…
The Ministry of Health and Population has stated that corona virus infection is increasing in Nepal due to the seasonal…
Nepal Oil Corporation (NOC) has slashed the prices of different petroleum products effective from Monday…
April 3: Nepal largely depends on technical human resources from foreign countries for the implementation of big…
The NEPSE index fell 16.67 points and closed at 1,871.88 on the second trading Monday as well. The Sensitive Index plunged by 3.05 points. Likewise, Floated Index, and Sensitive Floated Index decreased by 1.16 and 1.04…
Organization of the Petroleum Exporting Countries (OPEC) + oil producers on Sunday announced cuts of oil production by around 1.16 million barrels per day to stop oil prices from falling in the…
April 3: The Kalimati Fruit and Vegetable Market, the largest and oldest fruit and vegetable market in the country, brings in vegetables, fruits, fish and spices from 19 districts of the country as well as from India and…
April 3: Bank deposits increased by Rs 10 billion on Friday, according to the latest report of Nepal Rasttra Bank (NRB) released on…
April 3: Unilever has collaborated with the Nepalese Army in the Mountain Cleanup Campaign…
April 3: The Confederation of Nepalese Industries (CNI) has urged the newly-appointed Finance Minister Dr Prakash Sharan Mahat to improve the national economy.…
Contrary to investors’ expectations, the Nepal Stock Exchange (NEPSE) index plunged 20 points to close at 1,888.55 points on the first trading day on Sunday. Over 3.7 million shares of the total 260 listed companies were traded at over Rs 1.20 billion. The sub-index of all groups landed in red on the first trading…
Nepal has been elected to the post of Vice-President of the Asia-Pacific Federation of UNESCO Clubs and Associations (AFUCA). Nepal was unanimously elected to the post in the 26th general session of the AFUCA held in Kazakhstan's capital city Almaty on…
V.G. Impex Pvt. Ltd, the authorized importer and distributor for Great Wall Motor (GWM) vehicles in Nepal has announced “HARSHAMAYA NAWABARSHA 2080 BS” New Year offer on the occasion of Nepali New Year 2080…
Janakpur Customs Office Janakpurdham is finding it tough to meet its revenue collection target in the current fiscal…
April 2: Finance Minister Dr Prakash Sharan Mahat has said improving the crisis-ridden economy is his top priority and…
Around 100 thousand tourists visited Nepal in March in 2023. According to the Nepal Tourism Board (NTB), 99, 426 visitors entered Nepal in…
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' => '17446', 'article_category_id' => '265', 'title' => 'Omicron Variant Spreading in the Country', 'sub_title' => '', 'summary' => 'The Ministry of Health and Population has stated that corona virus infection is increasing in Nepal due to the seasonal cold.', 'content' => '<p><br /> <span style="font-size:18px">April 4: The Ministry of Health and Population has stated that corona virus infection is increasing in Nepal due to the seasonal cold. </span></p> <p><span style="font-size:18px">Issuing a statement on Monday, Joint spokesperson of the ministry, Dr Samir Kumar Adhikari said that new variant of the corona virus Omicron XBB 1.16 has been found in the neighboring countries causing to spread the new infection <br /> in Nepal. </span></p> <p><span style="font-size:18px">When 24 samples were tested, the Omicron variant was confirmed in all the 24, according to the Ministry. The National Public Health Laboratory has confirmed eight variants of Omicron so far. </span></p> <p><span style="font-size:18px">The Ministry has called for multi-sector support and coordination including vaccination, observing public health standards to prevent the spread of COVID-19 pandemic, which is still not fully under control. </span></p> <p><span style="font-size:18px">Meanwhile, 76 people were found infected with the corona virus on Monday. -----RSS </span></p> ', 'published' => true, 'created' => '2023-04-04', 'modified' => '2023-04-04', 'keywords' => '', 'description' => '', 'sortorder' => '17181', 'image' => '20230404064812_collage (57).jpg', 'article_date' => '2023-04-04 06:44:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '17445', 'article_category_id' => '269', 'title' => 'NOC Slashes Prices of Petroleum Products ', 'sub_title' => '', 'summary' => 'Nepal Oil Corporation (NOC) has slashed the prices of different petroleum products effective from Monday midnight. ', 'content' => '<p><span style="font-size:18px">April 4: Nepal Oil Corporation (NOC) has slashed the prices of different petroleum products effective from Monday midnight. </span></p> <p><span style="font-size:18px">According to the Nepal Oil Corporation (NOC), price of diesel, kerosene and aviation fuel has deceased by Rs 10 per litre each while petrol's price is lowered by Rs 3 per litre. However, the NOC has kept the price of liquefied petroleum gas (LPG) unchanged.</span></p> <p><span style="font-size:18px"> Issuing a notice, the NOC said price of petrol is now fixed at Rs 175 per litre while price of diesel and kerosene is Rs 165 per litre. <br /> Likewise, the price of aviation fuel for the domestic flight is now fixed at Rs 160 per litre. </span></p> <p><span style="font-size:18px">A meeting of the NOC Board of Directors held Monday decided to cut the price of petroleum products after the Indian Oil Corporation (IOC) lowered the import price of petroleum products. </span></p> ', 'published' => true, 'created' => '2023-04-04', 'modified' => '2023-04-04', 'keywords' => '', 'description' => '', 'sortorder' => '17180', 'image' => '20230404065031_collage (58).jpg', 'article_date' => '2023-04-04 06:22:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '17444', 'article_category_id' => '1', 'title' => 'Ten Thousand Foreign Workers in Nepal, Highest from China ', 'sub_title' => '', 'summary' => 'April 3: Nepal largely depends on technical human resources from foreign countries for the implementation of big projects. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 3: Nepal largely depends on technical human resources from foreign countries for the implementation of big projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to an official data, skilled human resources required for various large projects here are hired from other countries. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Department of Labour and Occupational Safety said workforce from around 100 countries in the world are currently engaged in various projects in Nepal and the Chinese make up the highest portion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, workers from the UK, the United States of America, South Korea, India and Japan are in a noticeable size. Since 2017, over 7,500 Chinese have taken labour permits, including 2594 renewals, for Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, 488 people from the United Kingdom, 332 from the US, 240 from South Korea, 230 from India, 190 from Japan, 116 from Australia, 113 from Sri Lanka, 98 from Germany, 79 from France and 56 from Bangladesh are working in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to department’s director general Krishna Prasad Gnawali, the Chinese-funded projects in Nepal are more in number thus the high number of Chinese workers in the country than those from other countries. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Foreign workers are found deputed in technical posts like project engineering, tunnel and hydro engineering, maintenance engineering and mechanical engineering, according to the department. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There is a provision that work permit should be obtained from the department while hiring foreign citizens by employers. The department has been issuing work permit to foreign workers as per the Directives related to Work Permit Management of Foreign Citizens-2075. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General of the Department, Gnawali, said the work permit for foreign workers is being issued based on recommendation of the respective ministry and consent of the Home Ministry while the Department of Immigration provides visa to workers only after the department provides work permits. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department provides one-year work permit for foreign workers. Work-permit is issued for skilled technicians for a maximum five years at different intervals while a maximum of three years for other foreign nationals at different intervals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A foreign worker has to pay Rs 15,000 for six months and Rs 20,000 for more than six months, mentioned the Directives. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">--- </span></span></span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17179', 'image' => '20230403073034_Seti-Nadi-HPP.jpg', 'article_date' => '2023-04-03 19:29:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17443', 'article_category_id' => '274', 'title' => 'NEPSE’s Fall Continues; Turnover Shrinks Below One Billion ', 'sub_title' => '', 'summary' => 'The NEPSE index fell 16.67 points and closed at 1,871.88 on the second trading Monday as well. The Sensitive Index plunged by 3.05 points. Likewise, Floated Index, and Sensitive Floated Index decreased by 1.16 and 1.04 points. ', 'content' => '<p><br /> <span style="font-size:18px">April 4: The NEPSE index fell 16.67 points and closed at 1,871.88 on the second trading day Monday as well.<br /> The Sensitive Index plunged by 3.05 points. Likewise, Floated Index, and Sensitive Floated Index decreased by 1.16 and 1.04 points respectively. </span></p> <p><span style="font-size:18px">A total of 2,829,426 shares of 260 companies listed on the NEPSE exchanged hands via 27,454 transactions. The total turnover amount stood at Rs. 92.02 crores. This is lower than the last trading day's turnover of Rs. 1.207 billion.</span></p> <p><span style="font-size:18px">Today the index opened at 1,888.61 and went intraday high of 1,891.76. In contrast, it went as low as 1,866.16 and ultimately closed at 1,871.88. Kalinchowk Darshan Limited (KDL) gained the highest 10% and hit the positive circuit for the day.</span></p> <p><span style="font-size:18px">Conversely, 8.5% Prabhu Bank Debenture 2087 (PBLD87) lost 10% today. Nabil Bank Ltd. (NABIL) had the highest turnover of Rs. 3.62 crores closing at a market price of Rs. 589.9 per share. </span></p> <p><span style="font-size:18px">The shares of GBIME traded the most. Only one sector closed green. "Trading" gained 1.21%, while "Hydropower" lost the highest 1.30% today.</span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17178', 'image' => '20230403053029_collage - 2023-04-03T173010.811.jpg', 'article_date' => '2023-04-03 17:26:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '17442', 'article_category_id' => '243', 'title' => 'OPEC+ Announces Surprise Oil Output Cuts', 'sub_title' => '', 'summary' => ' Organization of the Petroleum Exporting Countries (OPEC) + oil producers on Sunday announced cuts of oil production by around 1.16 million barrels per day to stop oil prices from falling in the market. ', 'content' => '<p> </p> <p><span style="font-size:18px">April 4: Organization of the Petroleum Exporting Countries (OPEC) + oil producers on Sunday announced cuts of oil production by around 1.16 million barrels per day to stop oil prices from falling in the market. </span></p> <p><span style="font-size:18px">Following the announcement of production cuts, oil prices have surged. The price of Brent crude oil is trading above $84 a barrel after jumping by more than 5%.</span></p> <p><span style="font-size:18px">Sunday's development comes a day before a virtual meeting of an OPEC+ ministerial panel, which includes Saudi Arabia and Russia, and which had been expected to stick to 2 million bpd of cuts already in place until the end of 2023. </span></p> <p><span style="font-size:18px">Oil prices soared when Russia invaded Ukraine, but are now back at levels seen before the conflict began.</span></p> <p><span style="font-size:18px">Responding to the latest cuts, a spokesperson for the US National Security Council said: "We don't think cuts are advisable at this moment given market uncertainty - and we've made that clear."</span></p> <p><span style="font-size:18px">The reduction in output is being made by members of the Opec+ oil producers. The group accounts for about 40% of all the world's crude oil output.</span></p> <p><span style="font-size:18px">Saudi Arabia is reducing output by 500,000 barrels per day and Iraq by 211,000. The UAE, Kuwait, Algeria and Oman are also making cuts.The Saudi energy ministry said the kingdom's voluntary reduction was a precautionary measure aimed at supporting the stability of the oil market.</span></p> <p><span style="font-size:18px">Last October, OPEC+ had agreed to an output cut of 2 million bpd from November until the end of the 2023, a move that angered Washington as tighter supply boosts oil prices. (Agencies) </span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17177', 'image' => '20230403044225_collage - 2023-04-03T164051.696.jpg', 'article_date' => '2023-04-03 16:37:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '17441', 'article_category_id' => '1', 'title' => 'Vegetables from 19 Districts Arrive at Kalimati Market', 'sub_title' => '15 Percent of Vegetables and Fruits get Wasted while Reaching the Consumers', 'summary' => 'April 3: The Kalimati Fruit and Vegetable Market, the largest and oldest fruit and vegetable market in the country, brings in vegetables, fruits, fish and spices from 19 districts of the country as well as from India and China.', '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 3: The Kalimati Fruit and Vegetable Market, the largest and oldest fruit and vegetable market in the country, brings in vegetables, fruits, fish and spices from </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">19</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> districts of the country as well as from India and China.</span></span></span></span></p> <p><span style="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 market has been regularly bringing those items from Kathmandu, Bhaktapur, Lalitpur, Bara, Chitwan, Makwanpur, Dhading, Kavre, Dolakha, Gorkha, Navalparasi, Nuwakot, Parsa, Ramechhap, Sarlahi, Sindhuli, Sindhupalchok, Salyan, and Dang districts.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Makwanpur contributes the most to the fruits and vegetables brought to the market from within the country. The Kalimati market has a daily turnover of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">0 million. The data shows that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">17.77</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of vegetables and fruits are imported from Makwanpur. In the same way, the lowest volume of fruits and vegetables arrive from Dang.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Binay Shrestha, information officer of Kalimati Fruit and Vegetable Market Development Committee, said that apart from those districts, vegetables are also imported in small quantities from other districts. Since the quantity is very small, the committee does not keep separate data for this.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“Last year alone, vegetables were brought to Kalimati from more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> districts including Kailali, Kanchanpur, Bardia and Surkhet. However, since that amount was very small, we have kept its data under other headings," 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:"Arial","sans-serif"">According to him, most of the vegetables are imported from the domestic market. Fish, potato and onion are imported in large quantities from India. Fruits, garlic and spices are imported from China.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Shrestha says Nepal has no choice but to rely on potatoes and onions from India. According to government data, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">289</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 metric tons of onions and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million metric tons of potatoes are produced in Nepal. But this does not meet the domestic demand, and therefore the country has to import potatoes and onions from India.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">When any vegetable or fruit reaches Kathmandu from the source district where vegetables and fruits are produced, its price increases up to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent. Geeta Prasad Acharya, president of Kalimati Fruit and Vegetable Market Traders Committee, said that when the product reaches the consumer, the price increases by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to him, five percent of fruits and vegetables rot by the time they reach the Kalimati market from various districts. When the retailer buys from Kalimati and delivers it to the consumer, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent is wasted. Adding to that the cost of transportation and labor costs, the price of fruits and vegetables can be much more expensive when they reach consumers than at the source. The cost of wasted fruits and vegetables will also be passed on to the consumer, so the price will be high.</span></span></span></span></p> <p><span style="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 data provided by the Kalimati Fruit and Vegetable Market Development Committee, the share of vegetables in the total turnover is the highest at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">85.41</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. Fruits contribute </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the total turnover, spice </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.05</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent, fish </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent and other commodity turnover is 0.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">51</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Kalimati market, which has been operating since the last three decades, sells more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">115</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> types of goods including vegetables, fruits, spices, and fish.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Between </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">700</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">900</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tons of vegetables and fruits are brought into the Kalimati market every day. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17176', 'image' => '20230403031643_20180704013332_vege1.jpg', 'article_date' => '2023-04-03 15:15:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17440', 'article_category_id' => '1', 'title' => 'Bank Deposits Increasing Continually since Mid-March', 'sub_title' => '', 'summary' => 'April 3: Bank deposits increased by Rs 10 billion on Friday, according to the latest report of Nepal Rasttra Bank (NRB) released on Sunday.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">April 3: Bank deposits increased by Rs 10 billion on Friday, according to the latest report of Nepal Rasttra Bank (NRB) released on Sunday. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the central bank, the total deposits with banks stood at Rs 5415 billion as of March 30, which increased to Rs 5425 billion on March 31.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NRB spokesperson Dr. Gunakar Bhatta said that although the deposit collection in the banking system seems positive, such a huge difference in a single day is caused due to the deposit of large sum. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“Lately, the rate of deposit is on a consistent rise. The spike in graph of Friday was caused by the deposit of large sum on the same day,” he said.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Earlier, on March 15, NRB released the data stating that the bank deposits decreased by Rs 11 billion in a single day. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bank deposits have been continuously rising since March 15.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to NRB, deposits with commercial banks stood at Rs 4773 billion as of mid-March, which reached Rs 4785 billion on March 31. Deposits of development banks and finance companies have remained stable. By mid-March, there were deposits of Rs 640 billion in development banks and finance companies.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">With the increase in deposits, banks have started providing small loan as wells. The total credit flow of banks was Rs 4515 billion as of last Thursday which reached Rs 4785 billion on Friday. During this period, the total loans of commercial banks increased by Rs 100 billion to Rs 4276 billion.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the increase in deposits, the credit-deposit ratio (CD ratio) of banks and financial institutions has decreased. On Thursday, the CD ratio of banks was 85.66 percent, but on Friday, it stood at 85.54 percent percent. By mid-March, the CD ratio of banks was 85.60 percent. According to the instructions of NRB, banks should maintain a CD ratio of less than 90 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Despite the decline in CD ratio, there has been a general increase in the interbank interest rate. The interbank interest rate which was 7.01 percent on Thursday increased to 7.02 percent on Friday. Officials say that the possibility of increasing deposits will continue in the coming days. It is expected that the economy will improve as deposits in the banking system increase. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17175', 'image' => '20230403125235_Banks - Copy.jpg', 'article_date' => '2023-04-03 12:51:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17439', 'article_category_id' => '1', 'title' => 'Unilever Collaborates with Nepalese Army for Mountain Clean-up Campaign', 'sub_title' => '', 'summary' => 'April 3: Unilever has collaborated with the Nepalese Army in the Mountain Cleanup Campaign 2023.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">April 3: Unilever has collaborated with the Nepalese Army in the Mountain Cleanup Campaign 2023.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The company has taken this initiative as a part of its commitment to make the world a ‘sustainable common habitat'. This is the third time the company is cooperating with the clean mountain campaign of the army. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The company said that the campaign is being organised with the objective of reducing the impact of climate change by protecting and cleaning the mountains. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As part of this year's campaign, the target is to collect </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">tons of garbage while cleaning Mount Everest, Lhotse, Annapurna and and Baruntse. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Amlan Mukherjee, managing director of Unilever Nepal Limited, said, “We aim to set a new record this year in waste collection, segregation and recycling of accumulated waste through continued efforts.”</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17174', 'image' => '20230403121013_RS_KTM_RATL153003282023.JPG', 'article_date' => '2023-04-03 12:09:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17438', 'article_category_id' => '1', 'title' => 'CNI urges Finance Minister to Revive Economy ', 'sub_title' => '', 'summary' => 'April 3: The Confederation of Nepalese Industries (CNI) has urged the newly-appointed Finance Minister Dr Prakash Sharan Mahat to improve the national economy. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 3: The Confederation of Nepalese Industries (CNI) has urged the newly-appointed Finance Minister Dr Prakash Sharan Mahat to improve the national economy. The CNI delegation met Minister Mahat and discussed pressing issues of economy on Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Mahat was also handed over a 10-point memorandum on how the economy could be normalized. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CNI President Vishnu Kumar Agrawal stressed the need for reducing interest rate, normalizing liquidity and encouraging investment for immediate improvement of economy. "These three issues must be prioritized at present. High morale is required to revive economic activities," Agrawal stressed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, he argued that the cash reserve ratio (CRR) needs to be reduced to three percent so as to decrease interest rate and manage liquidity and the bank rate also needs to be lowered. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the memorandum, the CNI further suggested the government to fix the interest gap of fixed and savings accounts at five percent maximum. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response, Finance Minister Mahat said that the government was in need of assistance from the private sector to resolve the problems related to the economy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The government is ready to identify the problems and find solution. For this, cooperation from the private sector is a must," Minister Mahat said. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17173', 'image' => '20230403110138_economic crisis.jpg', 'article_date' => '2023-04-03 11:00:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17437', 'article_category_id' => '1', 'title' => 'NEPSE Index Continues Its Downward Trend; All Groups Land in Red ', 'sub_title' => '', 'summary' => 'Contrary to investors’ expectations, the Nepal Stock Exchange (NEPSE) index plunged 20 points to close at 1,888.55 points on the first trading day on Sunday. Over 3.7 million shares of the total 260 listed companies were traded at over Rs 1.20 billion. The sub-index of all groups landed in red on the first trading day. ', 'content' => '<p><span style="font-size:18px">April 3: Contrary to investors’ expectations, the Nepal Stock Exchange (NEPSE) index plunged 20 points to close at 1,888.55 points on the first trading day on Sunday. Over 3.7 million shares of the total 260 listed companies were traded at over Rs 1.20 billion. The sub-index of all groups landed in red on the first trading day. </span></p> <p><span style="font-size:18px">The sub-index of the trading group registered the highest fall by 54.99 points and that of non-life insurance group by 47.24 points. <br /> The sub-index of banking group decreased by 23.89 points, while hotel and tourism groups fell by 18.91 points. Likewise, hydropower sub-index and life insurance group dropped by 41.68 points, and 36.4 points respectively. </span></p> <p><span style="font-size:18px">The investment sub-index decreased by 0.74 points where as sub-index of production and processing group fell by 35.72 points, that of micro-finance group by 35.84 points, that of mutual fund group by 0.02 points and that of other groups by 10.97 points. </span></p> <p><span style="font-size:18px">The share price of Kalinchok Darshan Limited posted the highest increase by 9.96 percent today. The highest fall in share price is that of Swabhiman Laghubitta Bittiya Sanstha Ltd. It fell by 9. 61points. </span></p> <p><span style="font-size:18px">In the intraday trading, 189 listed companies lost their market value, while only 23 companies registered gains. The daily turnover rose to Rs 1.207 billion from Rs 899.53 million on Thursday.</span></p> <p><span style="font-size:18px">Among individual companies, NIC Asia Bank, with transactions of its shares worth Rs 50.56 million, topped the list. Swabhimaan Laghubitta Bittiya Sanstha Limited was the topmost loser. Kalinchowk Darshan Limited gained the highest percent of its market price. </span></p> <p><span style="font-size:18px">Share investors said that the NEPSE index had continued its downtrend trend as market could not build up confidence despite the appointment of Nepali Congress’ leader Prakash Sharan Mahat as Finance Minister. “Secondary market is waiting for policy-change from the government. Without policy change, NEPSE will not be able to reverse its trend immediately,” said a share investor. </span><br /> </p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17172', 'image' => '20230403064934_collage (53).jpg', 'article_date' => '2023-04-03 06:46:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17436', 'article_category_id' => '1', 'title' => 'Nepal Elected Vice-President of Asia-Pacific UNESCO Clubs and Associations (AFUCA)', 'sub_title' => '', 'summary' => 'Nepal has been elected to the post of Vice-President of the Asia-Pacific Federation of UNESCO Clubs and Associations (AFUCA). Nepal was unanimously elected to the post in the 26th general session of the AFUCA held in Kazakhstan's capital city Almaty on Sunday. ', 'content' => '<p><span style="font-size:18px">April 3: Nepal has been elected to the post of Vice-President of the Asia-Pacific Federation of UNESCO Clubs and Associations (AFUCA). Nepal was unanimously elected to the post in the 26th general session of the AFUCA held in Kazakhstan's capital city Almaty on Sunday. </span></p> <p><span style="font-size:18px">Among the 12 countries of the Asia-Pacific region attending the general assembly, Nepal and Vietnam had registered their candidacies for the post and both countries were elected to the post unanimously.</span></p> <p><span style="font-size:18px"> Nepal's representative in the election was Anandaraj Tripathi, President of the National Federation of UNESCO Clubs and Mayor of Bhanu Municipality in Tanahu district. </span></p> <p><span style="font-size:18px">Similarly, South Korea won the Chair of the AFUCA beating Philippines in the voting. South Korea garnered 10 votes while Philippines conceded defeat securing only 2 votes. </span></p> <p><span style="font-size:18px">Sunjoo Lee was in the fray from South Korea. Upon the election to the Vice-President post, elated Tripathi pledged to work more actively to take forward movement of the UNESCO in the Asia-Pacific region. -----RSS </span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17171', 'image' => '20230403062007_collage (52).jpg', 'article_date' => '2023-04-03 06:00:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '17435', 'article_category_id' => '266', 'title' => 'GWM Announces 'Harshamaya Nawabarsha 2080' Offer with Attractive Cash Discount', 'sub_title' => '', 'summary' => 'V.G. Impex Pvt. Ltd, the authorized importer and distributor for Great Wall Motor (GWM) vehicles in Nepal has announced “HARSHAMAYA NAWABARSHA 2080 BS” New Year offer on the occasion of Nepali New Year 2080 BS.', 'content' => '<p><br /> <span style="font-size:18px">April 2: V.G. Impex Pvt. Ltd, the authorized importer and distributor for Great Wall Motor (GWM) vehicles in Nepal has announced “HARSHAMAYA NAWABARSHA 2080 BS” New Year offer on the occasion of Nepali New Year 2080 BS.</span></p> <p><span style="font-size:18px">This offer is valid for all GWM vehicles purchased in the New Year with amazing cash discounts and added special celebration discount. The campaign HARSHAMAYA NAWABARSHA 2080 is the continuation of the commitment to the customers by offering variable choices to make their new year full of joy and excitement.</span></p> <p><span style="font-size:18px">With new purchase of the GWM vehicles, customers can avail benefits up to 5 lakhs which includes attractive cash discount and celebration discount.</span></p> <p><span style="font-size:18px">With every purchase, customers can avail free accessories along with standard warranty and opportunity of spot valuation and exchange for the interest. The New Year offer also includes three years free service for purchase of any GWM vehicle.</span></p> <p><span style="font-size:18px">GMW believes that for the people mulling over buying the new vehicle in the New Year GWM products can be the best choice in view of the offers the company has rolled out.</span></p> <p><span style="font-size:18px">Great Wall Motor (GWM) is a global intelligent technology company with more than 80 subsidiaries and affiliates and employs more than 70,000 people worldwide. </span></p> <p><span style="font-size:18px">GWM's automobile sales have exceeded one million units per annum for the last six years. The company has its presence in more than 60 nations through an overseas network that covers more than 700 locations worldwide.</span><br /> </p> ', 'published' => true, 'created' => '2023-04-02', 'modified' => '2023-04-02', 'keywords' => '', 'description' => '', 'sortorder' => '17170', 'image' => '20230402060714_collage - 2023-04-02T180746.856.jpg', 'article_date' => '2023-04-02 18:04:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17434', 'article_category_id' => '274', 'title' => 'Janakpur Customs Office Fails to Meet Revenue Collection Target ', 'sub_title' => '', 'summary' => 'Janakpur Customs Office Janakpurdham is finding it tough to meet its revenue collection target in the current fiscal year. ', 'content' => '<p><span style="font-size:18px"><br /> April 2: Janakpur Customs Office Janakpurdham is finding it tough to meet its revenue collection target in the current fiscal year. The customs office has collected only 45 percent revenue of its annual target in the eight months of the current fiscal year.</span></p> <p><span style="font-size:18px">If the rate of the revenue collection remains the same, the customs office will find it hard to meet its target in the next four months. </span></p> <p><span style="font-size:18px">Janakpur Customs Office has set the target to collect 495 million in revenue in the current fiscal year. “But, the customs office has collected only Rs 221 million in revenue in the eight months,” said Keshavraj Oli, Chief of the Customs Office. </span></p> <p><span style="font-size:18px">The customs office had collected Rs 227 million in revenue against its target of 485 million last fiscal year. Restrictions have been placed on border points to optimize revenue collection. However, goods and commodities are found to have been imported avoiding tax at night. </span></p> <p><span style="font-size:18px">Non-operation of the freight train has dealt a blow to the revenue collection, according to Oli. He estimated that revenue might increase if a freight train was operated. </span></p> ', 'published' => true, 'created' => '2023-04-02', 'modified' => '2023-04-02', 'keywords' => '', 'description' => '', 'sortorder' => '17169', 'image' => '20230402043929_collage - 2023-04-02T164022.134.jpg', 'article_date' => '2023-04-02 16:36:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '17433', 'article_category_id' => '1', 'title' => 'Improving Crisis-Ridden Economy is my Priority: Finance Minister Mahat ', 'sub_title' => '', 'summary' => 'April 2: Finance Minister Dr Prakash Sharan Mahat has said improving the crisis-ridden economy is his top priority and commitment. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 2: Finance Minister Dr Prakash Sharan Mahat has said improving the crisis-ridden economy is his top priority and commitment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The suggestions and collaboration of the private sector is needed for this," he reiterated in a meeting with a delegation of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) on Sunday. He added that he would bail out the crisis-ridden economy taking the private sector on board. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I will not allow your self-confidence to sap; I will be constantly in dialogue with you. I have expected your full cooperation in fulfilling my resolve to improving the economy," Finance Minister Mahat said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, FNCCI president Shekhar Golchha, on behalf the entire private sector, extended best wishes to the newly-appointed finance minister, and also briefed him on the latest economic condition. He suggested injecting money in the market and reducing the interest rate through the joint initiative of the central bank and the government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The FNCCI urged the finance minister to ensure liquidity in the banking sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Golchha also suggested for increasing the government expenditure, saying it was too much sluggish. He stressed on expanding the capital expenditure which is merely around 25 percent now. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Revenue collection is low and it is difficult to cope with the current expenditure. Expenditure should be increased even by raising external loans for this," the FNCCI president said, reiterating that the loan mobilized in this manner should be used only for development expenditure. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-02', 'modified' => '2023-04-02', 'keywords' => '', 'description' => '', 'sortorder' => '17168', 'image' => '20230402035731_1680390939.prakash sharan mahat.jpg', 'article_date' => '2023-04-02 15:56:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17432', 'article_category_id' => '1', 'title' => 'Around 100000 Foreign Tourists Visit Nepal in March', 'sub_title' => '', 'summary' => 'Around 100 thousand tourists visited Nepal in March in 2023. According to the Nepal Tourism Board (NTB), 99, 426 visitors entered Nepal in March.', 'content' => '<p><br /> <span style="font-size:18px">April 2: Around 100 thousand tourists visited Nepal in March in 2023. According to the Nepal Tourism Board (NTB), 99, 426 visitors entered Nepal in March.</span></p> <p><span style="font-size:18px">Of the total visitors, 33,454 were from the SAARC nations, 15, 643 from other Asian nations, 23, 265 from the Europe and 3,958 arrived from the countries of the Oceania region. </span></p> <p><span style="font-size:18px">Similarly, the nation welcomed 1,707 from Canada, 9557 from the United States of America and 10,375 from the Middle-East. The highest number of tourists had arrived from India and they make-up 25,911 and this figure was 15,013 in the corresponding period in 2022. </span></p> <p><span style="font-size:18px">Similarly, the tourist arrivals from the US in March were almost a double compared to the review period last year.</span></p> <p><span style="font-size:18px">In 2022, 4,896 tourists from the US had visited Nepal. The high tourist flows were from India, the US, the UK, Germany and Sri Lanka. The data show that Nepal's tourism industry is on the path of recovery post-COVID-19 pandemic. ---RSS </span></p> ', 'published' => true, 'created' => '2023-04-02', 'modified' => '2023-04-02', 'keywords' => '', 'description' => '', 'sortorder' => '17167', 'image' => '20230402035519_collage - 2023-04-02T155256.954.jpg', 'article_date' => '2023-04-02 15:53:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17446', 'article_category_id' => '265', 'title' => 'Omicron Variant Spreading in the Country', 'sub_title' => '', 'summary' => 'The Ministry of Health and Population has stated that corona virus infection is increasing in Nepal due to the seasonal cold.', 'content' => '<p><br /> <span style="font-size:18px">April 4: The Ministry of Health and Population has stated that corona virus infection is increasing in Nepal due to the seasonal cold. </span></p> <p><span style="font-size:18px">Issuing a statement on Monday, Joint spokesperson of the ministry, Dr Samir Kumar Adhikari said that new variant of the corona virus Omicron XBB 1.16 has been found in the neighboring countries causing to spread the new infection <br /> in Nepal. </span></p> <p><span style="font-size:18px">When 24 samples were tested, the Omicron variant was confirmed in all the 24, according to the Ministry. The National Public Health Laboratory has confirmed eight variants of Omicron so far. </span></p> <p><span style="font-size:18px">The Ministry has called for multi-sector support and coordination including vaccination, observing public health standards to prevent the spread of COVID-19 pandemic, which is still not fully under control. </span></p> <p><span style="font-size:18px">Meanwhile, 76 people were found infected with the corona virus on Monday. -----RSS </span></p> ', 'published' => true, 'created' => '2023-04-04', 'modified' => '2023-04-04', 'keywords' => '', 'description' => '', 'sortorder' => '17181', 'image' => '20230404064812_collage (57).jpg', 'article_date' => '2023-04-04 06:44:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '17445', 'article_category_id' => '269', 'title' => 'NOC Slashes Prices of Petroleum Products ', 'sub_title' => '', 'summary' => 'Nepal Oil Corporation (NOC) has slashed the prices of different petroleum products effective from Monday midnight. ', 'content' => '<p><span style="font-size:18px">April 4: Nepal Oil Corporation (NOC) has slashed the prices of different petroleum products effective from Monday midnight. </span></p> <p><span style="font-size:18px">According to the Nepal Oil Corporation (NOC), price of diesel, kerosene and aviation fuel has deceased by Rs 10 per litre each while petrol's price is lowered by Rs 3 per litre. However, the NOC has kept the price of liquefied petroleum gas (LPG) unchanged.</span></p> <p><span style="font-size:18px"> Issuing a notice, the NOC said price of petrol is now fixed at Rs 175 per litre while price of diesel and kerosene is Rs 165 per litre. <br /> Likewise, the price of aviation fuel for the domestic flight is now fixed at Rs 160 per litre. </span></p> <p><span style="font-size:18px">A meeting of the NOC Board of Directors held Monday decided to cut the price of petroleum products after the Indian Oil Corporation (IOC) lowered the import price of petroleum products. </span></p> ', 'published' => true, 'created' => '2023-04-04', 'modified' => '2023-04-04', 'keywords' => '', 'description' => '', 'sortorder' => '17180', 'image' => '20230404065031_collage (58).jpg', 'article_date' => '2023-04-04 06:22:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '17444', 'article_category_id' => '1', 'title' => 'Ten Thousand Foreign Workers in Nepal, Highest from China ', 'sub_title' => '', 'summary' => 'April 3: Nepal largely depends on technical human resources from foreign countries for the implementation of big projects. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 3: Nepal largely depends on technical human resources from foreign countries for the implementation of big projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to an official data, skilled human resources required for various large projects here are hired from other countries. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Department of Labour and Occupational Safety said workforce from around 100 countries in the world are currently engaged in various projects in Nepal and the Chinese make up the highest portion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, workers from the UK, the United States of America, South Korea, India and Japan are in a noticeable size. Since 2017, over 7,500 Chinese have taken labour permits, including 2594 renewals, for Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, 488 people from the United Kingdom, 332 from the US, 240 from South Korea, 230 from India, 190 from Japan, 116 from Australia, 113 from Sri Lanka, 98 from Germany, 79 from France and 56 from Bangladesh are working in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to department’s director general Krishna Prasad Gnawali, the Chinese-funded projects in Nepal are more in number thus the high number of Chinese workers in the country than those from other countries. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Foreign workers are found deputed in technical posts like project engineering, tunnel and hydro engineering, maintenance engineering and mechanical engineering, according to the department. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There is a provision that work permit should be obtained from the department while hiring foreign citizens by employers. The department has been issuing work permit to foreign workers as per the Directives related to Work Permit Management of Foreign Citizens-2075. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General of the Department, Gnawali, said the work permit for foreign workers is being issued based on recommendation of the respective ministry and consent of the Home Ministry while the Department of Immigration provides visa to workers only after the department provides work permits. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department provides one-year work permit for foreign workers. Work-permit is issued for skilled technicians for a maximum five years at different intervals while a maximum of three years for other foreign nationals at different intervals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A foreign worker has to pay Rs 15,000 for six months and Rs 20,000 for more than six months, mentioned the Directives. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">--- </span></span></span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17179', 'image' => '20230403073034_Seti-Nadi-HPP.jpg', 'article_date' => '2023-04-03 19:29:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17443', 'article_category_id' => '274', 'title' => 'NEPSE’s Fall Continues; Turnover Shrinks Below One Billion ', 'sub_title' => '', 'summary' => 'The NEPSE index fell 16.67 points and closed at 1,871.88 on the second trading Monday as well. The Sensitive Index plunged by 3.05 points. Likewise, Floated Index, and Sensitive Floated Index decreased by 1.16 and 1.04 points. ', 'content' => '<p><br /> <span style="font-size:18px">April 4: The NEPSE index fell 16.67 points and closed at 1,871.88 on the second trading day Monday as well.<br /> The Sensitive Index plunged by 3.05 points. Likewise, Floated Index, and Sensitive Floated Index decreased by 1.16 and 1.04 points respectively. </span></p> <p><span style="font-size:18px">A total of 2,829,426 shares of 260 companies listed on the NEPSE exchanged hands via 27,454 transactions. The total turnover amount stood at Rs. 92.02 crores. This is lower than the last trading day's turnover of Rs. 1.207 billion.</span></p> <p><span style="font-size:18px">Today the index opened at 1,888.61 and went intraday high of 1,891.76. In contrast, it went as low as 1,866.16 and ultimately closed at 1,871.88. Kalinchowk Darshan Limited (KDL) gained the highest 10% and hit the positive circuit for the day.</span></p> <p><span style="font-size:18px">Conversely, 8.5% Prabhu Bank Debenture 2087 (PBLD87) lost 10% today. Nabil Bank Ltd. (NABIL) had the highest turnover of Rs. 3.62 crores closing at a market price of Rs. 589.9 per share. </span></p> <p><span style="font-size:18px">The shares of GBIME traded the most. Only one sector closed green. "Trading" gained 1.21%, while "Hydropower" lost the highest 1.30% today.</span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17178', 'image' => '20230403053029_collage - 2023-04-03T173010.811.jpg', 'article_date' => '2023-04-03 17:26:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '17442', 'article_category_id' => '243', 'title' => 'OPEC+ Announces Surprise Oil Output Cuts', 'sub_title' => '', 'summary' => ' Organization of the Petroleum Exporting Countries (OPEC) + oil producers on Sunday announced cuts of oil production by around 1.16 million barrels per day to stop oil prices from falling in the market. ', 'content' => '<p> </p> <p><span style="font-size:18px">April 4: Organization of the Petroleum Exporting Countries (OPEC) + oil producers on Sunday announced cuts of oil production by around 1.16 million barrels per day to stop oil prices from falling in the market. </span></p> <p><span style="font-size:18px">Following the announcement of production cuts, oil prices have surged. The price of Brent crude oil is trading above $84 a barrel after jumping by more than 5%.</span></p> <p><span style="font-size:18px">Sunday's development comes a day before a virtual meeting of an OPEC+ ministerial panel, which includes Saudi Arabia and Russia, and which had been expected to stick to 2 million bpd of cuts already in place until the end of 2023. </span></p> <p><span style="font-size:18px">Oil prices soared when Russia invaded Ukraine, but are now back at levels seen before the conflict began.</span></p> <p><span style="font-size:18px">Responding to the latest cuts, a spokesperson for the US National Security Council said: "We don't think cuts are advisable at this moment given market uncertainty - and we've made that clear."</span></p> <p><span style="font-size:18px">The reduction in output is being made by members of the Opec+ oil producers. The group accounts for about 40% of all the world's crude oil output.</span></p> <p><span style="font-size:18px">Saudi Arabia is reducing output by 500,000 barrels per day and Iraq by 211,000. The UAE, Kuwait, Algeria and Oman are also making cuts.The Saudi energy ministry said the kingdom's voluntary reduction was a precautionary measure aimed at supporting the stability of the oil market.</span></p> <p><span style="font-size:18px">Last October, OPEC+ had agreed to an output cut of 2 million bpd from November until the end of the 2023, a move that angered Washington as tighter supply boosts oil prices. (Agencies) </span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17177', 'image' => '20230403044225_collage - 2023-04-03T164051.696.jpg', 'article_date' => '2023-04-03 16:37:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '17441', 'article_category_id' => '1', 'title' => 'Vegetables from 19 Districts Arrive at Kalimati Market', 'sub_title' => '15 Percent of Vegetables and Fruits get Wasted while Reaching the Consumers', 'summary' => 'April 3: The Kalimati Fruit and Vegetable Market, the largest and oldest fruit and vegetable market in the country, brings in vegetables, fruits, fish and spices from 19 districts of the country as well as from India and China.', '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 3: The Kalimati Fruit and Vegetable Market, the largest and oldest fruit and vegetable market in the country, brings in vegetables, fruits, fish and spices from </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">19</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> districts of the country as well as from India and China.</span></span></span></span></p> <p><span style="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 market has been regularly bringing those items from Kathmandu, Bhaktapur, Lalitpur, Bara, Chitwan, Makwanpur, Dhading, Kavre, Dolakha, Gorkha, Navalparasi, Nuwakot, Parsa, Ramechhap, Sarlahi, Sindhuli, Sindhupalchok, Salyan, and Dang districts.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Makwanpur contributes the most to the fruits and vegetables brought to the market from within the country. The Kalimati market has a daily turnover of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">0 million. The data shows that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">17.77</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of vegetables and fruits are imported from Makwanpur. In the same way, the lowest volume of fruits and vegetables arrive from Dang.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Binay Shrestha, information officer of Kalimati Fruit and Vegetable Market Development Committee, said that apart from those districts, vegetables are also imported in small quantities from other districts. Since the quantity is very small, the committee does not keep separate data for this.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“Last year alone, vegetables were brought to Kalimati from more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> districts including Kailali, Kanchanpur, Bardia and Surkhet. However, since that amount was very small, we have kept its data under other headings," 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:"Arial","sans-serif"">According to him, most of the vegetables are imported from the domestic market. Fish, potato and onion are imported in large quantities from India. Fruits, garlic and spices are imported from China.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Shrestha says Nepal has no choice but to rely on potatoes and onions from India. According to government data, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">289</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 metric tons of onions and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million metric tons of potatoes are produced in Nepal. But this does not meet the domestic demand, and therefore the country has to import potatoes and onions from India.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">When any vegetable or fruit reaches Kathmandu from the source district where vegetables and fruits are produced, its price increases up to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent. Geeta Prasad Acharya, president of Kalimati Fruit and Vegetable Market Traders Committee, said that when the product reaches the consumer, the price increases by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to him, five percent of fruits and vegetables rot by the time they reach the Kalimati market from various districts. When the retailer buys from Kalimati and delivers it to the consumer, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent is wasted. Adding to that the cost of transportation and labor costs, the price of fruits and vegetables can be much more expensive when they reach consumers than at the source. The cost of wasted fruits and vegetables will also be passed on to the consumer, so the price will be high.</span></span></span></span></p> <p><span style="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 data provided by the Kalimati Fruit and Vegetable Market Development Committee, the share of vegetables in the total turnover is the highest at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">85.41</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. Fruits contribute </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the total turnover, spice </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.05</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent, fish </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent and other commodity turnover is 0.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">51</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Kalimati market, which has been operating since the last three decades, sells more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">115</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> types of goods including vegetables, fruits, spices, and fish.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Between </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">700</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">900</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tons of vegetables and fruits are brought into the Kalimati market every day. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17176', 'image' => '20230403031643_20180704013332_vege1.jpg', 'article_date' => '2023-04-03 15:15:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17440', 'article_category_id' => '1', 'title' => 'Bank Deposits Increasing Continually since Mid-March', 'sub_title' => '', 'summary' => 'April 3: Bank deposits increased by Rs 10 billion on Friday, according to the latest report of Nepal Rasttra Bank (NRB) released on Sunday.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">April 3: Bank deposits increased by Rs 10 billion on Friday, according to the latest report of Nepal Rasttra Bank (NRB) released on Sunday. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the central bank, the total deposits with banks stood at Rs 5415 billion as of March 30, which increased to Rs 5425 billion on March 31.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NRB spokesperson Dr. Gunakar Bhatta said that although the deposit collection in the banking system seems positive, such a huge difference in a single day is caused due to the deposit of large sum. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“Lately, the rate of deposit is on a consistent rise. The spike in graph of Friday was caused by the deposit of large sum on the same day,” he said.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Earlier, on March 15, NRB released the data stating that the bank deposits decreased by Rs 11 billion in a single day. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bank deposits have been continuously rising since March 15.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to NRB, deposits with commercial banks stood at Rs 4773 billion as of mid-March, which reached Rs 4785 billion on March 31. Deposits of development banks and finance companies have remained stable. By mid-March, there were deposits of Rs 640 billion in development banks and finance companies.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">With the increase in deposits, banks have started providing small loan as wells. The total credit flow of banks was Rs 4515 billion as of last Thursday which reached Rs 4785 billion on Friday. During this period, the total loans of commercial banks increased by Rs 100 billion to Rs 4276 billion.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the increase in deposits, the credit-deposit ratio (CD ratio) of banks and financial institutions has decreased. On Thursday, the CD ratio of banks was 85.66 percent, but on Friday, it stood at 85.54 percent percent. By mid-March, the CD ratio of banks was 85.60 percent. According to the instructions of NRB, banks should maintain a CD ratio of less than 90 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Despite the decline in CD ratio, there has been a general increase in the interbank interest rate. The interbank interest rate which was 7.01 percent on Thursday increased to 7.02 percent on Friday. Officials say that the possibility of increasing deposits will continue in the coming days. It is expected that the economy will improve as deposits in the banking system increase. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17175', 'image' => '20230403125235_Banks - Copy.jpg', 'article_date' => '2023-04-03 12:51:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17439', 'article_category_id' => '1', 'title' => 'Unilever Collaborates with Nepalese Army for Mountain Clean-up Campaign', 'sub_title' => '', 'summary' => 'April 3: Unilever has collaborated with the Nepalese Army in the Mountain Cleanup Campaign 2023.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">April 3: Unilever has collaborated with the Nepalese Army in the Mountain Cleanup Campaign 2023.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The company has taken this initiative as a part of its commitment to make the world a ‘sustainable common habitat'. This is the third time the company is cooperating with the clean mountain campaign of the army. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The company said that the campaign is being organised with the objective of reducing the impact of climate change by protecting and cleaning the mountains. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As part of this year's campaign, the target is to collect </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">tons of garbage while cleaning Mount Everest, Lhotse, Annapurna and and Baruntse. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Amlan Mukherjee, managing director of Unilever Nepal Limited, said, “We aim to set a new record this year in waste collection, segregation and recycling of accumulated waste through continued efforts.”</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17174', 'image' => '20230403121013_RS_KTM_RATL153003282023.JPG', 'article_date' => '2023-04-03 12:09:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17438', 'article_category_id' => '1', 'title' => 'CNI urges Finance Minister to Revive Economy ', 'sub_title' => '', 'summary' => 'April 3: The Confederation of Nepalese Industries (CNI) has urged the newly-appointed Finance Minister Dr Prakash Sharan Mahat to improve the national economy. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 3: The Confederation of Nepalese Industries (CNI) has urged the newly-appointed Finance Minister Dr Prakash Sharan Mahat to improve the national economy. The CNI delegation met Minister Mahat and discussed pressing issues of economy on Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Mahat was also handed over a 10-point memorandum on how the economy could be normalized. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CNI President Vishnu Kumar Agrawal stressed the need for reducing interest rate, normalizing liquidity and encouraging investment for immediate improvement of economy. "These three issues must be prioritized at present. High morale is required to revive economic activities," Agrawal stressed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, he argued that the cash reserve ratio (CRR) needs to be reduced to three percent so as to decrease interest rate and manage liquidity and the bank rate also needs to be lowered. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the memorandum, the CNI further suggested the government to fix the interest gap of fixed and savings accounts at five percent maximum. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response, Finance Minister Mahat said that the government was in need of assistance from the private sector to resolve the problems related to the economy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The government is ready to identify the problems and find solution. For this, cooperation from the private sector is a must," Minister Mahat said. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17173', 'image' => '20230403110138_economic crisis.jpg', 'article_date' => '2023-04-03 11:00:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17437', 'article_category_id' => '1', 'title' => 'NEPSE Index Continues Its Downward Trend; All Groups Land in Red ', 'sub_title' => '', 'summary' => 'Contrary to investors’ expectations, the Nepal Stock Exchange (NEPSE) index plunged 20 points to close at 1,888.55 points on the first trading day on Sunday. Over 3.7 million shares of the total 260 listed companies were traded at over Rs 1.20 billion. The sub-index of all groups landed in red on the first trading day. ', 'content' => '<p><span style="font-size:18px">April 3: Contrary to investors’ expectations, the Nepal Stock Exchange (NEPSE) index plunged 20 points to close at 1,888.55 points on the first trading day on Sunday. Over 3.7 million shares of the total 260 listed companies were traded at over Rs 1.20 billion. The sub-index of all groups landed in red on the first trading day. </span></p> <p><span style="font-size:18px">The sub-index of the trading group registered the highest fall by 54.99 points and that of non-life insurance group by 47.24 points. <br /> The sub-index of banking group decreased by 23.89 points, while hotel and tourism groups fell by 18.91 points. Likewise, hydropower sub-index and life insurance group dropped by 41.68 points, and 36.4 points respectively. </span></p> <p><span style="font-size:18px">The investment sub-index decreased by 0.74 points where as sub-index of production and processing group fell by 35.72 points, that of micro-finance group by 35.84 points, that of mutual fund group by 0.02 points and that of other groups by 10.97 points. </span></p> <p><span style="font-size:18px">The share price of Kalinchok Darshan Limited posted the highest increase by 9.96 percent today. The highest fall in share price is that of Swabhiman Laghubitta Bittiya Sanstha Ltd. It fell by 9. 61points. </span></p> <p><span style="font-size:18px">In the intraday trading, 189 listed companies lost their market value, while only 23 companies registered gains. The daily turnover rose to Rs 1.207 billion from Rs 899.53 million on Thursday.</span></p> <p><span style="font-size:18px">Among individual companies, NIC Asia Bank, with transactions of its shares worth Rs 50.56 million, topped the list. Swabhimaan Laghubitta Bittiya Sanstha Limited was the topmost loser. Kalinchowk Darshan Limited gained the highest percent of its market price. </span></p> <p><span style="font-size:18px">Share investors said that the NEPSE index had continued its downtrend trend as market could not build up confidence despite the appointment of Nepali Congress’ leader Prakash Sharan Mahat as Finance Minister. “Secondary market is waiting for policy-change from the government. Without policy change, NEPSE will not be able to reverse its trend immediately,” said a share investor. </span><br /> </p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17172', 'image' => '20230403064934_collage (53).jpg', 'article_date' => '2023-04-03 06:46:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17436', 'article_category_id' => '1', 'title' => 'Nepal Elected Vice-President of Asia-Pacific UNESCO Clubs and Associations (AFUCA)', 'sub_title' => '', 'summary' => 'Nepal has been elected to the post of Vice-President of the Asia-Pacific Federation of UNESCO Clubs and Associations (AFUCA). Nepal was unanimously elected to the post in the 26th general session of the AFUCA held in Kazakhstan's capital city Almaty on Sunday. ', 'content' => '<p><span style="font-size:18px">April 3: Nepal has been elected to the post of Vice-President of the Asia-Pacific Federation of UNESCO Clubs and Associations (AFUCA). Nepal was unanimously elected to the post in the 26th general session of the AFUCA held in Kazakhstan's capital city Almaty on Sunday. </span></p> <p><span style="font-size:18px">Among the 12 countries of the Asia-Pacific region attending the general assembly, Nepal and Vietnam had registered their candidacies for the post and both countries were elected to the post unanimously.</span></p> <p><span style="font-size:18px"> Nepal's representative in the election was Anandaraj Tripathi, President of the National Federation of UNESCO Clubs and Mayor of Bhanu Municipality in Tanahu district. </span></p> <p><span style="font-size:18px">Similarly, South Korea won the Chair of the AFUCA beating Philippines in the voting. South Korea garnered 10 votes while Philippines conceded defeat securing only 2 votes. </span></p> <p><span style="font-size:18px">Sunjoo Lee was in the fray from South Korea. Upon the election to the Vice-President post, elated Tripathi pledged to work more actively to take forward movement of the UNESCO in the Asia-Pacific region. -----RSS </span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17171', 'image' => '20230403062007_collage (52).jpg', 'article_date' => '2023-04-03 06:00:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '17435', 'article_category_id' => '266', 'title' => 'GWM Announces 'Harshamaya Nawabarsha 2080' Offer with Attractive Cash Discount', 'sub_title' => '', 'summary' => 'V.G. Impex Pvt. Ltd, the authorized importer and distributor for Great Wall Motor (GWM) vehicles in Nepal has announced “HARSHAMAYA NAWABARSHA 2080 BS” New Year offer on the occasion of Nepali New Year 2080 BS.', 'content' => '<p><br /> <span style="font-size:18px">April 2: V.G. Impex Pvt. Ltd, the authorized importer and distributor for Great Wall Motor (GWM) vehicles in Nepal has announced “HARSHAMAYA NAWABARSHA 2080 BS” New Year offer on the occasion of Nepali New Year 2080 BS.</span></p> <p><span style="font-size:18px">This offer is valid for all GWM vehicles purchased in the New Year with amazing cash discounts and added special celebration discount. The campaign HARSHAMAYA NAWABARSHA 2080 is the continuation of the commitment to the customers by offering variable choices to make their new year full of joy and excitement.</span></p> <p><span style="font-size:18px">With new purchase of the GWM vehicles, customers can avail benefits up to 5 lakhs which includes attractive cash discount and celebration discount.</span></p> <p><span style="font-size:18px">With every purchase, customers can avail free accessories along with standard warranty and opportunity of spot valuation and exchange for the interest. The New Year offer also includes three years free service for purchase of any GWM vehicle.</span></p> <p><span style="font-size:18px">GMW believes that for the people mulling over buying the new vehicle in the New Year GWM products can be the best choice in view of the offers the company has rolled out.</span></p> <p><span style="font-size:18px">Great Wall Motor (GWM) is a global intelligent technology company with more than 80 subsidiaries and affiliates and employs more than 70,000 people worldwide. </span></p> <p><span style="font-size:18px">GWM's automobile sales have exceeded one million units per annum for the last six years. The company has its presence in more than 60 nations through an overseas network that covers more than 700 locations worldwide.</span><br /> </p> ', 'published' => true, 'created' => '2023-04-02', 'modified' => '2023-04-02', 'keywords' => '', 'description' => '', 'sortorder' => '17170', 'image' => '20230402060714_collage - 2023-04-02T180746.856.jpg', 'article_date' => '2023-04-02 18:04:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17434', 'article_category_id' => '274', 'title' => 'Janakpur Customs Office Fails to Meet Revenue Collection Target ', 'sub_title' => '', 'summary' => 'Janakpur Customs Office Janakpurdham is finding it tough to meet its revenue collection target in the current fiscal year. ', 'content' => '<p><span style="font-size:18px"><br /> April 2: Janakpur Customs Office Janakpurdham is finding it tough to meet its revenue collection target in the current fiscal year. The customs office has collected only 45 percent revenue of its annual target in the eight months of the current fiscal year.</span></p> <p><span style="font-size:18px">If the rate of the revenue collection remains the same, the customs office will find it hard to meet its target in the next four months. </span></p> <p><span style="font-size:18px">Janakpur Customs Office has set the target to collect 495 million in revenue in the current fiscal year. “But, the customs office has collected only Rs 221 million in revenue in the eight months,” said Keshavraj Oli, Chief of the Customs Office. </span></p> <p><span style="font-size:18px">The customs office had collected Rs 227 million in revenue against its target of 485 million last fiscal year. Restrictions have been placed on border points to optimize revenue collection. However, goods and commodities are found to have been imported avoiding tax at night. </span></p> <p><span style="font-size:18px">Non-operation of the freight train has dealt a blow to the revenue collection, according to Oli. He estimated that revenue might increase if a freight train was operated. </span></p> ', 'published' => true, 'created' => '2023-04-02', 'modified' => '2023-04-02', 'keywords' => '', 'description' => '', 'sortorder' => '17169', 'image' => '20230402043929_collage - 2023-04-02T164022.134.jpg', 'article_date' => '2023-04-02 16:36:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '17433', 'article_category_id' => '1', 'title' => 'Improving Crisis-Ridden Economy is my Priority: Finance Minister Mahat ', 'sub_title' => '', 'summary' => 'April 2: Finance Minister Dr Prakash Sharan Mahat has said improving the crisis-ridden economy is his top priority and commitment. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 2: Finance Minister Dr Prakash Sharan Mahat has said improving the crisis-ridden economy is his top priority and commitment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The suggestions and collaboration of the private sector is needed for this," he reiterated in a meeting with a delegation of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) on Sunday. He added that he would bail out the crisis-ridden economy taking the private sector on board. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I will not allow your self-confidence to sap; I will be constantly in dialogue with you. I have expected your full cooperation in fulfilling my resolve to improving the economy," Finance Minister Mahat said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, FNCCI president Shekhar Golchha, on behalf the entire private sector, extended best wishes to the newly-appointed finance minister, and also briefed him on the latest economic condition. He suggested injecting money in the market and reducing the interest rate through the joint initiative of the central bank and the government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The FNCCI urged the finance minister to ensure liquidity in the banking sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Golchha also suggested for increasing the government expenditure, saying it was too much sluggish. He stressed on expanding the capital expenditure which is merely around 25 percent now. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Revenue collection is low and it is difficult to cope with the current expenditure. Expenditure should be increased even by raising external loans for this," the FNCCI president said, reiterating that the loan mobilized in this manner should be used only for development expenditure. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-02', 'modified' => '2023-04-02', 'keywords' => '', 'description' => '', 'sortorder' => '17168', 'image' => '20230402035731_1680390939.prakash sharan mahat.jpg', 'article_date' => '2023-04-02 15:56:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17432', 'article_category_id' => '1', 'title' => 'Around 100000 Foreign Tourists Visit Nepal in March', 'sub_title' => '', 'summary' => 'Around 100 thousand tourists visited Nepal in March in 2023. According to the Nepal Tourism Board (NTB), 99, 426 visitors entered Nepal in March.', 'content' => '<p><br /> <span style="font-size:18px">April 2: Around 100 thousand tourists visited Nepal in March in 2023. According to the Nepal Tourism Board (NTB), 99, 426 visitors entered Nepal in March.</span></p> <p><span style="font-size:18px">Of the total visitors, 33,454 were from the SAARC nations, 15, 643 from other Asian nations, 23, 265 from the Europe and 3,958 arrived from the countries of the Oceania region. </span></p> <p><span style="font-size:18px">Similarly, the nation welcomed 1,707 from Canada, 9557 from the United States of America and 10,375 from the Middle-East. The highest number of tourists had arrived from India and they make-up 25,911 and this figure was 15,013 in the corresponding period in 2022. </span></p> <p><span style="font-size:18px">Similarly, the tourist arrivals from the US in March were almost a double compared to the review period last year.</span></p> <p><span style="font-size:18px">In 2022, 4,896 tourists from the US had visited Nepal. The high tourist flows were from India, the US, the UK, Germany and Sri Lanka. The data show that Nepal's tourism industry is on the path of recovery post-COVID-19 pandemic. ---RSS </span></p> ', 'published' => true, 'created' => '2023-04-02', 'modified' => '2023-04-02', 'keywords' => '', 'description' => '', 'sortorder' => '17167', 'image' => '20230402035519_collage - 2023-04-02T155256.954.jpg', 'article_date' => '2023-04-02 15:53:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17446', 'article_category_id' => '265', 'title' => 'Omicron Variant Spreading in the Country', 'sub_title' => '', 'summary' => 'The Ministry of Health and Population has stated that corona virus infection is increasing in Nepal due to the seasonal cold.', 'content' => '<p><br /> <span style="font-size:18px">April 4: The Ministry of Health and Population has stated that corona virus infection is increasing in Nepal due to the seasonal cold. </span></p> <p><span style="font-size:18px">Issuing a statement on Monday, Joint spokesperson of the ministry, Dr Samir Kumar Adhikari said that new variant of the corona virus Omicron XBB 1.16 has been found in the neighboring countries causing to spread the new infection <br /> in Nepal. </span></p> <p><span style="font-size:18px">When 24 samples were tested, the Omicron variant was confirmed in all the 24, according to the Ministry. The National Public Health Laboratory has confirmed eight variants of Omicron so far. </span></p> <p><span style="font-size:18px">The Ministry has called for multi-sector support and coordination including vaccination, observing public health standards to prevent the spread of COVID-19 pandemic, which is still not fully under control. </span></p> <p><span style="font-size:18px">Meanwhile, 76 people were found infected with the corona virus on Monday. -----RSS </span></p> ', 'published' => true, 'created' => '2023-04-04', 'modified' => '2023-04-04', 'keywords' => '', 'description' => '', 'sortorder' => '17181', 'image' => '20230404064812_collage (57).jpg', 'article_date' => '2023-04-04 06:44:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '17445', 'article_category_id' => '269', 'title' => 'NOC Slashes Prices of Petroleum Products ', 'sub_title' => '', 'summary' => 'Nepal Oil Corporation (NOC) has slashed the prices of different petroleum products effective from Monday midnight. ', 'content' => '<p><span style="font-size:18px">April 4: Nepal Oil Corporation (NOC) has slashed the prices of different petroleum products effective from Monday midnight. </span></p> <p><span style="font-size:18px">According to the Nepal Oil Corporation (NOC), price of diesel, kerosene and aviation fuel has deceased by Rs 10 per litre each while petrol's price is lowered by Rs 3 per litre. However, the NOC has kept the price of liquefied petroleum gas (LPG) unchanged.</span></p> <p><span style="font-size:18px"> Issuing a notice, the NOC said price of petrol is now fixed at Rs 175 per litre while price of diesel and kerosene is Rs 165 per litre. <br /> Likewise, the price of aviation fuel for the domestic flight is now fixed at Rs 160 per litre. </span></p> <p><span style="font-size:18px">A meeting of the NOC Board of Directors held Monday decided to cut the price of petroleum products after the Indian Oil Corporation (IOC) lowered the import price of petroleum products. </span></p> ', 'published' => true, 'created' => '2023-04-04', 'modified' => '2023-04-04', 'keywords' => '', 'description' => '', 'sortorder' => '17180', 'image' => '20230404065031_collage (58).jpg', 'article_date' => '2023-04-04 06:22:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '17444', 'article_category_id' => '1', 'title' => 'Ten Thousand Foreign Workers in Nepal, Highest from China ', 'sub_title' => '', 'summary' => 'April 3: Nepal largely depends on technical human resources from foreign countries for the implementation of big projects. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 3: Nepal largely depends on technical human resources from foreign countries for the implementation of big projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to an official data, skilled human resources required for various large projects here are hired from other countries. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Department of Labour and Occupational Safety said workforce from around 100 countries in the world are currently engaged in various projects in Nepal and the Chinese make up the highest portion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, workers from the UK, the United States of America, South Korea, India and Japan are in a noticeable size. Since 2017, over 7,500 Chinese have taken labour permits, including 2594 renewals, for Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, 488 people from the United Kingdom, 332 from the US, 240 from South Korea, 230 from India, 190 from Japan, 116 from Australia, 113 from Sri Lanka, 98 from Germany, 79 from France and 56 from Bangladesh are working in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to department’s director general Krishna Prasad Gnawali, the Chinese-funded projects in Nepal are more in number thus the high number of Chinese workers in the country than those from other countries. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Foreign workers are found deputed in technical posts like project engineering, tunnel and hydro engineering, maintenance engineering and mechanical engineering, according to the department. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There is a provision that work permit should be obtained from the department while hiring foreign citizens by employers. The department has been issuing work permit to foreign workers as per the Directives related to Work Permit Management of Foreign Citizens-2075. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General of the Department, Gnawali, said the work permit for foreign workers is being issued based on recommendation of the respective ministry and consent of the Home Ministry while the Department of Immigration provides visa to workers only after the department provides work permits. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department provides one-year work permit for foreign workers. Work-permit is issued for skilled technicians for a maximum five years at different intervals while a maximum of three years for other foreign nationals at different intervals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A foreign worker has to pay Rs 15,000 for six months and Rs 20,000 for more than six months, mentioned the Directives. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">--- </span></span></span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17179', 'image' => '20230403073034_Seti-Nadi-HPP.jpg', 'article_date' => '2023-04-03 19:29:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17443', 'article_category_id' => '274', 'title' => 'NEPSE’s Fall Continues; Turnover Shrinks Below One Billion ', 'sub_title' => '', 'summary' => 'The NEPSE index fell 16.67 points and closed at 1,871.88 on the second trading Monday as well. The Sensitive Index plunged by 3.05 points. Likewise, Floated Index, and Sensitive Floated Index decreased by 1.16 and 1.04 points. ', 'content' => '<p><br /> <span style="font-size:18px">April 4: The NEPSE index fell 16.67 points and closed at 1,871.88 on the second trading day Monday as well.<br /> The Sensitive Index plunged by 3.05 points. Likewise, Floated Index, and Sensitive Floated Index decreased by 1.16 and 1.04 points respectively. </span></p> <p><span style="font-size:18px">A total of 2,829,426 shares of 260 companies listed on the NEPSE exchanged hands via 27,454 transactions. The total turnover amount stood at Rs. 92.02 crores. This is lower than the last trading day's turnover of Rs. 1.207 billion.</span></p> <p><span style="font-size:18px">Today the index opened at 1,888.61 and went intraday high of 1,891.76. In contrast, it went as low as 1,866.16 and ultimately closed at 1,871.88. Kalinchowk Darshan Limited (KDL) gained the highest 10% and hit the positive circuit for the day.</span></p> <p><span style="font-size:18px">Conversely, 8.5% Prabhu Bank Debenture 2087 (PBLD87) lost 10% today. Nabil Bank Ltd. (NABIL) had the highest turnover of Rs. 3.62 crores closing at a market price of Rs. 589.9 per share. </span></p> <p><span style="font-size:18px">The shares of GBIME traded the most. Only one sector closed green. "Trading" gained 1.21%, while "Hydropower" lost the highest 1.30% today.</span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17178', 'image' => '20230403053029_collage - 2023-04-03T173010.811.jpg', 'article_date' => '2023-04-03 17:26:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '17442', 'article_category_id' => '243', 'title' => 'OPEC+ Announces Surprise Oil Output Cuts', 'sub_title' => '', 'summary' => ' Organization of the Petroleum Exporting Countries (OPEC) + oil producers on Sunday announced cuts of oil production by around 1.16 million barrels per day to stop oil prices from falling in the market. ', 'content' => '<p> </p> <p><span style="font-size:18px">April 4: Organization of the Petroleum Exporting Countries (OPEC) + oil producers on Sunday announced cuts of oil production by around 1.16 million barrels per day to stop oil prices from falling in the market. </span></p> <p><span style="font-size:18px">Following the announcement of production cuts, oil prices have surged. The price of Brent crude oil is trading above $84 a barrel after jumping by more than 5%.</span></p> <p><span style="font-size:18px">Sunday's development comes a day before a virtual meeting of an OPEC+ ministerial panel, which includes Saudi Arabia and Russia, and which had been expected to stick to 2 million bpd of cuts already in place until the end of 2023. </span></p> <p><span style="font-size:18px">Oil prices soared when Russia invaded Ukraine, but are now back at levels seen before the conflict began.</span></p> <p><span style="font-size:18px">Responding to the latest cuts, a spokesperson for the US National Security Council said: "We don't think cuts are advisable at this moment given market uncertainty - and we've made that clear."</span></p> <p><span style="font-size:18px">The reduction in output is being made by members of the Opec+ oil producers. The group accounts for about 40% of all the world's crude oil output.</span></p> <p><span style="font-size:18px">Saudi Arabia is reducing output by 500,000 barrels per day and Iraq by 211,000. The UAE, Kuwait, Algeria and Oman are also making cuts.The Saudi energy ministry said the kingdom's voluntary reduction was a precautionary measure aimed at supporting the stability of the oil market.</span></p> <p><span style="font-size:18px">Last October, OPEC+ had agreed to an output cut of 2 million bpd from November until the end of the 2023, a move that angered Washington as tighter supply boosts oil prices. (Agencies) </span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17177', 'image' => '20230403044225_collage - 2023-04-03T164051.696.jpg', 'article_date' => '2023-04-03 16:37:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '17441', 'article_category_id' => '1', 'title' => 'Vegetables from 19 Districts Arrive at Kalimati Market', 'sub_title' => '15 Percent of Vegetables and Fruits get Wasted while Reaching the Consumers', 'summary' => 'April 3: The Kalimati Fruit and Vegetable Market, the largest and oldest fruit and vegetable market in the country, brings in vegetables, fruits, fish and spices from 19 districts of the country as well as from India and China.', '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 3: The Kalimati Fruit and Vegetable Market, the largest and oldest fruit and vegetable market in the country, brings in vegetables, fruits, fish and spices from </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">19</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> districts of the country as well as from India and China.</span></span></span></span></p> <p><span style="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 market has been regularly bringing those items from Kathmandu, Bhaktapur, Lalitpur, Bara, Chitwan, Makwanpur, Dhading, Kavre, Dolakha, Gorkha, Navalparasi, Nuwakot, Parsa, Ramechhap, Sarlahi, Sindhuli, Sindhupalchok, Salyan, and Dang districts.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Makwanpur contributes the most to the fruits and vegetables brought to the market from within the country. The Kalimati market has a daily turnover of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">0 million. The data shows that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">17.77</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of vegetables and fruits are imported from Makwanpur. In the same way, the lowest volume of fruits and vegetables arrive from Dang.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Binay Shrestha, information officer of Kalimati Fruit and Vegetable Market Development Committee, said that apart from those districts, vegetables are also imported in small quantities from other districts. Since the quantity is very small, the committee does not keep separate data for this.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“Last year alone, vegetables were brought to Kalimati from more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> districts including Kailali, Kanchanpur, Bardia and Surkhet. However, since that amount was very small, we have kept its data under other headings," 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:"Arial","sans-serif"">According to him, most of the vegetables are imported from the domestic market. Fish, potato and onion are imported in large quantities from India. Fruits, garlic and spices are imported from China.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Shrestha says Nepal has no choice but to rely on potatoes and onions from India. According to government data, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">289</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 metric tons of onions and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million metric tons of potatoes are produced in Nepal. But this does not meet the domestic demand, and therefore the country has to import potatoes and onions from India.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">When any vegetable or fruit reaches Kathmandu from the source district where vegetables and fruits are produced, its price increases up to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent. Geeta Prasad Acharya, president of Kalimati Fruit and Vegetable Market Traders Committee, said that when the product reaches the consumer, the price increases by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to him, five percent of fruits and vegetables rot by the time they reach the Kalimati market from various districts. When the retailer buys from Kalimati and delivers it to the consumer, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent is wasted. Adding to that the cost of transportation and labor costs, the price of fruits and vegetables can be much more expensive when they reach consumers than at the source. The cost of wasted fruits and vegetables will also be passed on to the consumer, so the price will be high.</span></span></span></span></p> <p><span style="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 data provided by the Kalimati Fruit and Vegetable Market Development Committee, the share of vegetables in the total turnover is the highest at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">85.41</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. Fruits contribute </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the total turnover, spice </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.05</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent, fish </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent and other commodity turnover is 0.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">51</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Kalimati market, which has been operating since the last three decades, sells more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">115</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> types of goods including vegetables, fruits, spices, and fish.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Between </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">700</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">900</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tons of vegetables and fruits are brought into the Kalimati market every day. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17176', 'image' => '20230403031643_20180704013332_vege1.jpg', 'article_date' => '2023-04-03 15:15:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17440', 'article_category_id' => '1', 'title' => 'Bank Deposits Increasing Continually since Mid-March', 'sub_title' => '', 'summary' => 'April 3: Bank deposits increased by Rs 10 billion on Friday, according to the latest report of Nepal Rasttra Bank (NRB) released on Sunday.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">April 3: Bank deposits increased by Rs 10 billion on Friday, according to the latest report of Nepal Rasttra Bank (NRB) released on Sunday. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the central bank, the total deposits with banks stood at Rs 5415 billion as of March 30, which increased to Rs 5425 billion on March 31.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NRB spokesperson Dr. Gunakar Bhatta said that although the deposit collection in the banking system seems positive, such a huge difference in a single day is caused due to the deposit of large sum. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“Lately, the rate of deposit is on a consistent rise. The spike in graph of Friday was caused by the deposit of large sum on the same day,” he said.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Earlier, on March 15, NRB released the data stating that the bank deposits decreased by Rs 11 billion in a single day. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bank deposits have been continuously rising since March 15.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to NRB, deposits with commercial banks stood at Rs 4773 billion as of mid-March, which reached Rs 4785 billion on March 31. Deposits of development banks and finance companies have remained stable. By mid-March, there were deposits of Rs 640 billion in development banks and finance companies.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">With the increase in deposits, banks have started providing small loan as wells. The total credit flow of banks was Rs 4515 billion as of last Thursday which reached Rs 4785 billion on Friday. During this period, the total loans of commercial banks increased by Rs 100 billion to Rs 4276 billion.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the increase in deposits, the credit-deposit ratio (CD ratio) of banks and financial institutions has decreased. On Thursday, the CD ratio of banks was 85.66 percent, but on Friday, it stood at 85.54 percent percent. By mid-March, the CD ratio of banks was 85.60 percent. According to the instructions of NRB, banks should maintain a CD ratio of less than 90 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Despite the decline in CD ratio, there has been a general increase in the interbank interest rate. The interbank interest rate which was 7.01 percent on Thursday increased to 7.02 percent on Friday. Officials say that the possibility of increasing deposits will continue in the coming days. It is expected that the economy will improve as deposits in the banking system increase. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17175', 'image' => '20230403125235_Banks - Copy.jpg', 'article_date' => '2023-04-03 12:51:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17439', 'article_category_id' => '1', 'title' => 'Unilever Collaborates with Nepalese Army for Mountain Clean-up Campaign', 'sub_title' => '', 'summary' => 'April 3: Unilever has collaborated with the Nepalese Army in the Mountain Cleanup Campaign 2023.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">April 3: Unilever has collaborated with the Nepalese Army in the Mountain Cleanup Campaign 2023.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The company has taken this initiative as a part of its commitment to make the world a ‘sustainable common habitat'. This is the third time the company is cooperating with the clean mountain campaign of the army. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The company said that the campaign is being organised with the objective of reducing the impact of climate change by protecting and cleaning the mountains. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As part of this year's campaign, the target is to collect </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">tons of garbage while cleaning Mount Everest, Lhotse, Annapurna and and Baruntse. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Amlan Mukherjee, managing director of Unilever Nepal Limited, said, “We aim to set a new record this year in waste collection, segregation and recycling of accumulated waste through continued efforts.”</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17174', 'image' => '20230403121013_RS_KTM_RATL153003282023.JPG', 'article_date' => '2023-04-03 12:09:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17438', 'article_category_id' => '1', 'title' => 'CNI urges Finance Minister to Revive Economy ', 'sub_title' => '', 'summary' => 'April 3: The Confederation of Nepalese Industries (CNI) has urged the newly-appointed Finance Minister Dr Prakash Sharan Mahat to improve the national economy. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 3: The Confederation of Nepalese Industries (CNI) has urged the newly-appointed Finance Minister Dr Prakash Sharan Mahat to improve the national economy. The CNI delegation met Minister Mahat and discussed pressing issues of economy on Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Mahat was also handed over a 10-point memorandum on how the economy could be normalized. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CNI President Vishnu Kumar Agrawal stressed the need for reducing interest rate, normalizing liquidity and encouraging investment for immediate improvement of economy. "These three issues must be prioritized at present. High morale is required to revive economic activities," Agrawal stressed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, he argued that the cash reserve ratio (CRR) needs to be reduced to three percent so as to decrease interest rate and manage liquidity and the bank rate also needs to be lowered. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the memorandum, the CNI further suggested the government to fix the interest gap of fixed and savings accounts at five percent maximum. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response, Finance Minister Mahat said that the government was in need of assistance from the private sector to resolve the problems related to the economy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The government is ready to identify the problems and find solution. For this, cooperation from the private sector is a must," Minister Mahat said. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17173', 'image' => '20230403110138_economic crisis.jpg', 'article_date' => '2023-04-03 11:00:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17437', 'article_category_id' => '1', 'title' => 'NEPSE Index Continues Its Downward Trend; All Groups Land in Red ', 'sub_title' => '', 'summary' => 'Contrary to investors’ expectations, the Nepal Stock Exchange (NEPSE) index plunged 20 points to close at 1,888.55 points on the first trading day on Sunday. Over 3.7 million shares of the total 260 listed companies were traded at over Rs 1.20 billion. The sub-index of all groups landed in red on the first trading day. ', 'content' => '<p><span style="font-size:18px">April 3: Contrary to investors’ expectations, the Nepal Stock Exchange (NEPSE) index plunged 20 points to close at 1,888.55 points on the first trading day on Sunday. Over 3.7 million shares of the total 260 listed companies were traded at over Rs 1.20 billion. The sub-index of all groups landed in red on the first trading day. </span></p> <p><span style="font-size:18px">The sub-index of the trading group registered the highest fall by 54.99 points and that of non-life insurance group by 47.24 points. <br /> The sub-index of banking group decreased by 23.89 points, while hotel and tourism groups fell by 18.91 points. Likewise, hydropower sub-index and life insurance group dropped by 41.68 points, and 36.4 points respectively. </span></p> <p><span style="font-size:18px">The investment sub-index decreased by 0.74 points where as sub-index of production and processing group fell by 35.72 points, that of micro-finance group by 35.84 points, that of mutual fund group by 0.02 points and that of other groups by 10.97 points. </span></p> <p><span style="font-size:18px">The share price of Kalinchok Darshan Limited posted the highest increase by 9.96 percent today. The highest fall in share price is that of Swabhiman Laghubitta Bittiya Sanstha Ltd. It fell by 9. 61points. </span></p> <p><span style="font-size:18px">In the intraday trading, 189 listed companies lost their market value, while only 23 companies registered gains. The daily turnover rose to Rs 1.207 billion from Rs 899.53 million on Thursday.</span></p> <p><span style="font-size:18px">Among individual companies, NIC Asia Bank, with transactions of its shares worth Rs 50.56 million, topped the list. Swabhimaan Laghubitta Bittiya Sanstha Limited was the topmost loser. Kalinchowk Darshan Limited gained the highest percent of its market price. </span></p> <p><span style="font-size:18px">Share investors said that the NEPSE index had continued its downtrend trend as market could not build up confidence despite the appointment of Nepali Congress’ leader Prakash Sharan Mahat as Finance Minister. “Secondary market is waiting for policy-change from the government. Without policy change, NEPSE will not be able to reverse its trend immediately,” said a share investor. </span><br /> </p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17172', 'image' => '20230403064934_collage (53).jpg', 'article_date' => '2023-04-03 06:46:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17436', 'article_category_id' => '1', 'title' => 'Nepal Elected Vice-President of Asia-Pacific UNESCO Clubs and Associations (AFUCA)', 'sub_title' => '', 'summary' => 'Nepal has been elected to the post of Vice-President of the Asia-Pacific Federation of UNESCO Clubs and Associations (AFUCA). Nepal was unanimously elected to the post in the 26th general session of the AFUCA held in Kazakhstan's capital city Almaty on Sunday. ', 'content' => '<p><span style="font-size:18px">April 3: Nepal has been elected to the post of Vice-President of the Asia-Pacific Federation of UNESCO Clubs and Associations (AFUCA). Nepal was unanimously elected to the post in the 26th general session of the AFUCA held in Kazakhstan's capital city Almaty on Sunday. </span></p> <p><span style="font-size:18px">Among the 12 countries of the Asia-Pacific region attending the general assembly, Nepal and Vietnam had registered their candidacies for the post and both countries were elected to the post unanimously.</span></p> <p><span style="font-size:18px"> Nepal's representative in the election was Anandaraj Tripathi, President of the National Federation of UNESCO Clubs and Mayor of Bhanu Municipality in Tanahu district. </span></p> <p><span style="font-size:18px">Similarly, South Korea won the Chair of the AFUCA beating Philippines in the voting. South Korea garnered 10 votes while Philippines conceded defeat securing only 2 votes. </span></p> <p><span style="font-size:18px">Sunjoo Lee was in the fray from South Korea. Upon the election to the Vice-President post, elated Tripathi pledged to work more actively to take forward movement of the UNESCO in the Asia-Pacific region. -----RSS </span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17171', 'image' => '20230403062007_collage (52).jpg', 'article_date' => '2023-04-03 06:00:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '17435', 'article_category_id' => '266', 'title' => 'GWM Announces 'Harshamaya Nawabarsha 2080' Offer with Attractive Cash Discount', 'sub_title' => '', 'summary' => 'V.G. Impex Pvt. Ltd, the authorized importer and distributor for Great Wall Motor (GWM) vehicles in Nepal has announced “HARSHAMAYA NAWABARSHA 2080 BS” New Year offer on the occasion of Nepali New Year 2080 BS.', 'content' => '<p><br /> <span style="font-size:18px">April 2: V.G. Impex Pvt. Ltd, the authorized importer and distributor for Great Wall Motor (GWM) vehicles in Nepal has announced “HARSHAMAYA NAWABARSHA 2080 BS” New Year offer on the occasion of Nepali New Year 2080 BS.</span></p> <p><span style="font-size:18px">This offer is valid for all GWM vehicles purchased in the New Year with amazing cash discounts and added special celebration discount. The campaign HARSHAMAYA NAWABARSHA 2080 is the continuation of the commitment to the customers by offering variable choices to make their new year full of joy and excitement.</span></p> <p><span style="font-size:18px">With new purchase of the GWM vehicles, customers can avail benefits up to 5 lakhs which includes attractive cash discount and celebration discount.</span></p> <p><span style="font-size:18px">With every purchase, customers can avail free accessories along with standard warranty and opportunity of spot valuation and exchange for the interest. The New Year offer also includes three years free service for purchase of any GWM vehicle.</span></p> <p><span style="font-size:18px">GMW believes that for the people mulling over buying the new vehicle in the New Year GWM products can be the best choice in view of the offers the company has rolled out.</span></p> <p><span style="font-size:18px">Great Wall Motor (GWM) is a global intelligent technology company with more than 80 subsidiaries and affiliates and employs more than 70,000 people worldwide. </span></p> <p><span style="font-size:18px">GWM's automobile sales have exceeded one million units per annum for the last six years. The company has its presence in more than 60 nations through an overseas network that covers more than 700 locations worldwide.</span><br /> </p> ', 'published' => true, 'created' => '2023-04-02', 'modified' => '2023-04-02', 'keywords' => '', 'description' => '', 'sortorder' => '17170', 'image' => '20230402060714_collage - 2023-04-02T180746.856.jpg', 'article_date' => '2023-04-02 18:04:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17434', 'article_category_id' => '274', 'title' => 'Janakpur Customs Office Fails to Meet Revenue Collection Target ', 'sub_title' => '', 'summary' => 'Janakpur Customs Office Janakpurdham is finding it tough to meet its revenue collection target in the current fiscal year. ', 'content' => '<p><span style="font-size:18px"><br /> April 2: Janakpur Customs Office Janakpurdham is finding it tough to meet its revenue collection target in the current fiscal year. The customs office has collected only 45 percent revenue of its annual target in the eight months of the current fiscal year.</span></p> <p><span style="font-size:18px">If the rate of the revenue collection remains the same, the customs office will find it hard to meet its target in the next four months. </span></p> <p><span style="font-size:18px">Janakpur Customs Office has set the target to collect 495 million in revenue in the current fiscal year. “But, the customs office has collected only Rs 221 million in revenue in the eight months,” said Keshavraj Oli, Chief of the Customs Office. </span></p> <p><span style="font-size:18px">The customs office had collected Rs 227 million in revenue against its target of 485 million last fiscal year. Restrictions have been placed on border points to optimize revenue collection. However, goods and commodities are found to have been imported avoiding tax at night. </span></p> <p><span style="font-size:18px">Non-operation of the freight train has dealt a blow to the revenue collection, according to Oli. He estimated that revenue might increase if a freight train was operated. </span></p> ', 'published' => true, 'created' => '2023-04-02', 'modified' => '2023-04-02', 'keywords' => '', 'description' => '', 'sortorder' => '17169', 'image' => '20230402043929_collage - 2023-04-02T164022.134.jpg', 'article_date' => '2023-04-02 16:36:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '17433', 'article_category_id' => '1', 'title' => 'Improving Crisis-Ridden Economy is my Priority: Finance Minister Mahat ', 'sub_title' => '', 'summary' => 'April 2: Finance Minister Dr Prakash Sharan Mahat has said improving the crisis-ridden economy is his top priority and commitment. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 2: Finance Minister Dr Prakash Sharan Mahat has said improving the crisis-ridden economy is his top priority and commitment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The suggestions and collaboration of the private sector is needed for this," he reiterated in a meeting with a delegation of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) on Sunday. He added that he would bail out the crisis-ridden economy taking the private sector on board. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I will not allow your self-confidence to sap; I will be constantly in dialogue with you. I have expected your full cooperation in fulfilling my resolve to improving the economy," Finance Minister Mahat said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, FNCCI president Shekhar Golchha, on behalf the entire private sector, extended best wishes to the newly-appointed finance minister, and also briefed him on the latest economic condition. He suggested injecting money in the market and reducing the interest rate through the joint initiative of the central bank and the government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The FNCCI urged the finance minister to ensure liquidity in the banking sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Golchha also suggested for increasing the government expenditure, saying it was too much sluggish. He stressed on expanding the capital expenditure which is merely around 25 percent now. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Revenue collection is low and it is difficult to cope with the current expenditure. Expenditure should be increased even by raising external loans for this," the FNCCI president said, reiterating that the loan mobilized in this manner should be used only for development expenditure. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-02', 'modified' => '2023-04-02', 'keywords' => '', 'description' => '', 'sortorder' => '17168', 'image' => '20230402035731_1680390939.prakash sharan mahat.jpg', 'article_date' => '2023-04-02 15:56:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17432', 'article_category_id' => '1', 'title' => 'Around 100000 Foreign Tourists Visit Nepal in March', 'sub_title' => '', 'summary' => 'Around 100 thousand tourists visited Nepal in March in 2023. According to the Nepal Tourism Board (NTB), 99, 426 visitors entered Nepal in March.', 'content' => '<p><br /> <span style="font-size:18px">April 2: Around 100 thousand tourists visited Nepal in March in 2023. According to the Nepal Tourism Board (NTB), 99, 426 visitors entered Nepal in March.</span></p> <p><span style="font-size:18px">Of the total visitors, 33,454 were from the SAARC nations, 15, 643 from other Asian nations, 23, 265 from the Europe and 3,958 arrived from the countries of the Oceania region. </span></p> <p><span style="font-size:18px">Similarly, the nation welcomed 1,707 from Canada, 9557 from the United States of America and 10,375 from the Middle-East. The highest number of tourists had arrived from India and they make-up 25,911 and this figure was 15,013 in the corresponding period in 2022. </span></p> <p><span style="font-size:18px">Similarly, the tourist arrivals from the US in March were almost a double compared to the review period last year.</span></p> <p><span style="font-size:18px">In 2022, 4,896 tourists from the US had visited Nepal. The high tourist flows were from India, the US, the UK, Germany and Sri Lanka. The data show that Nepal's tourism industry is on the path of recovery post-COVID-19 pandemic. ---RSS </span></p> ', 'published' => true, 'created' => '2023-04-02', 'modified' => '2023-04-02', 'keywords' => '', 'description' => '', 'sortorder' => '17167', 'image' => '20230402035519_collage - 2023-04-02T155256.954.jpg', 'article_date' => '2023-04-02 15:53:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17446', 'article_category_id' => '265', 'title' => 'Omicron Variant Spreading in the Country', 'sub_title' => '', 'summary' => 'The Ministry of Health and Population has stated that corona virus infection is increasing in Nepal due to the seasonal cold.', 'content' => '<p><br /> <span style="font-size:18px">April 4: The Ministry of Health and Population has stated that corona virus infection is increasing in Nepal due to the seasonal cold. </span></p> <p><span style="font-size:18px">Issuing a statement on Monday, Joint spokesperson of the ministry, Dr Samir Kumar Adhikari said that new variant of the corona virus Omicron XBB 1.16 has been found in the neighboring countries causing to spread the new infection <br /> in Nepal. </span></p> <p><span style="font-size:18px">When 24 samples were tested, the Omicron variant was confirmed in all the 24, according to the Ministry. The National Public Health Laboratory has confirmed eight variants of Omicron so far. </span></p> <p><span style="font-size:18px">The Ministry has called for multi-sector support and coordination including vaccination, observing public health standards to prevent the spread of COVID-19 pandemic, which is still not fully under control. </span></p> <p><span style="font-size:18px">Meanwhile, 76 people were found infected with the corona virus on Monday. -----RSS </span></p> ', 'published' => true, 'created' => '2023-04-04', 'modified' => '2023-04-04', 'keywords' => '', 'description' => '', 'sortorder' => '17181', 'image' => '20230404064812_collage (57).jpg', 'article_date' => '2023-04-04 06:44:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '17445', 'article_category_id' => '269', 'title' => 'NOC Slashes Prices of Petroleum Products ', 'sub_title' => '', 'summary' => 'Nepal Oil Corporation (NOC) has slashed the prices of different petroleum products effective from Monday midnight. ', 'content' => '<p><span style="font-size:18px">April 4: Nepal Oil Corporation (NOC) has slashed the prices of different petroleum products effective from Monday midnight. </span></p> <p><span style="font-size:18px">According to the Nepal Oil Corporation (NOC), price of diesel, kerosene and aviation fuel has deceased by Rs 10 per litre each while petrol's price is lowered by Rs 3 per litre. However, the NOC has kept the price of liquefied petroleum gas (LPG) unchanged.</span></p> <p><span style="font-size:18px"> Issuing a notice, the NOC said price of petrol is now fixed at Rs 175 per litre while price of diesel and kerosene is Rs 165 per litre. <br /> Likewise, the price of aviation fuel for the domestic flight is now fixed at Rs 160 per litre. </span></p> <p><span style="font-size:18px">A meeting of the NOC Board of Directors held Monday decided to cut the price of petroleum products after the Indian Oil Corporation (IOC) lowered the import price of petroleum products. </span></p> ', 'published' => true, 'created' => '2023-04-04', 'modified' => '2023-04-04', 'keywords' => '', 'description' => '', 'sortorder' => '17180', 'image' => '20230404065031_collage (58).jpg', 'article_date' => '2023-04-04 06:22:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '17444', 'article_category_id' => '1', 'title' => 'Ten Thousand Foreign Workers in Nepal, Highest from China ', 'sub_title' => '', 'summary' => 'April 3: Nepal largely depends on technical human resources from foreign countries for the implementation of big projects. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 3: Nepal largely depends on technical human resources from foreign countries for the implementation of big projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to an official data, skilled human resources required for various large projects here are hired from other countries. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Department of Labour and Occupational Safety said workforce from around 100 countries in the world are currently engaged in various projects in Nepal and the Chinese make up the highest portion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, workers from the UK, the United States of America, South Korea, India and Japan are in a noticeable size. Since 2017, over 7,500 Chinese have taken labour permits, including 2594 renewals, for Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, 488 people from the United Kingdom, 332 from the US, 240 from South Korea, 230 from India, 190 from Japan, 116 from Australia, 113 from Sri Lanka, 98 from Germany, 79 from France and 56 from Bangladesh are working in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to department’s director general Krishna Prasad Gnawali, the Chinese-funded projects in Nepal are more in number thus the high number of Chinese workers in the country than those from other countries. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Foreign workers are found deputed in technical posts like project engineering, tunnel and hydro engineering, maintenance engineering and mechanical engineering, according to the department. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There is a provision that work permit should be obtained from the department while hiring foreign citizens by employers. The department has been issuing work permit to foreign workers as per the Directives related to Work Permit Management of Foreign Citizens-2075. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General of the Department, Gnawali, said the work permit for foreign workers is being issued based on recommendation of the respective ministry and consent of the Home Ministry while the Department of Immigration provides visa to workers only after the department provides work permits. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department provides one-year work permit for foreign workers. Work-permit is issued for skilled technicians for a maximum five years at different intervals while a maximum of three years for other foreign nationals at different intervals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A foreign worker has to pay Rs 15,000 for six months and Rs 20,000 for more than six months, mentioned the Directives. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">--- </span></span></span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17179', 'image' => '20230403073034_Seti-Nadi-HPP.jpg', 'article_date' => '2023-04-03 19:29:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17443', 'article_category_id' => '274', 'title' => 'NEPSE’s Fall Continues; Turnover Shrinks Below One Billion ', 'sub_title' => '', 'summary' => 'The NEPSE index fell 16.67 points and closed at 1,871.88 on the second trading Monday as well. The Sensitive Index plunged by 3.05 points. Likewise, Floated Index, and Sensitive Floated Index decreased by 1.16 and 1.04 points. ', 'content' => '<p><br /> <span style="font-size:18px">April 4: The NEPSE index fell 16.67 points and closed at 1,871.88 on the second trading day Monday as well.<br /> The Sensitive Index plunged by 3.05 points. Likewise, Floated Index, and Sensitive Floated Index decreased by 1.16 and 1.04 points respectively. </span></p> <p><span style="font-size:18px">A total of 2,829,426 shares of 260 companies listed on the NEPSE exchanged hands via 27,454 transactions. The total turnover amount stood at Rs. 92.02 crores. This is lower than the last trading day's turnover of Rs. 1.207 billion.</span></p> <p><span style="font-size:18px">Today the index opened at 1,888.61 and went intraday high of 1,891.76. In contrast, it went as low as 1,866.16 and ultimately closed at 1,871.88. Kalinchowk Darshan Limited (KDL) gained the highest 10% and hit the positive circuit for the day.</span></p> <p><span style="font-size:18px">Conversely, 8.5% Prabhu Bank Debenture 2087 (PBLD87) lost 10% today. Nabil Bank Ltd. (NABIL) had the highest turnover of Rs. 3.62 crores closing at a market price of Rs. 589.9 per share. </span></p> <p><span style="font-size:18px">The shares of GBIME traded the most. Only one sector closed green. "Trading" gained 1.21%, while "Hydropower" lost the highest 1.30% today.</span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17178', 'image' => '20230403053029_collage - 2023-04-03T173010.811.jpg', 'article_date' => '2023-04-03 17:26:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '17442', 'article_category_id' => '243', 'title' => 'OPEC+ Announces Surprise Oil Output Cuts', 'sub_title' => '', 'summary' => ' Organization of the Petroleum Exporting Countries (OPEC) + oil producers on Sunday announced cuts of oil production by around 1.16 million barrels per day to stop oil prices from falling in the market. ', 'content' => '<p> </p> <p><span style="font-size:18px">April 4: Organization of the Petroleum Exporting Countries (OPEC) + oil producers on Sunday announced cuts of oil production by around 1.16 million barrels per day to stop oil prices from falling in the market. </span></p> <p><span style="font-size:18px">Following the announcement of production cuts, oil prices have surged. The price of Brent crude oil is trading above $84 a barrel after jumping by more than 5%.</span></p> <p><span style="font-size:18px">Sunday's development comes a day before a virtual meeting of an OPEC+ ministerial panel, which includes Saudi Arabia and Russia, and which had been expected to stick to 2 million bpd of cuts already in place until the end of 2023. </span></p> <p><span style="font-size:18px">Oil prices soared when Russia invaded Ukraine, but are now back at levels seen before the conflict began.</span></p> <p><span style="font-size:18px">Responding to the latest cuts, a spokesperson for the US National Security Council said: "We don't think cuts are advisable at this moment given market uncertainty - and we've made that clear."</span></p> <p><span style="font-size:18px">The reduction in output is being made by members of the Opec+ oil producers. The group accounts for about 40% of all the world's crude oil output.</span></p> <p><span style="font-size:18px">Saudi Arabia is reducing output by 500,000 barrels per day and Iraq by 211,000. The UAE, Kuwait, Algeria and Oman are also making cuts.The Saudi energy ministry said the kingdom's voluntary reduction was a precautionary measure aimed at supporting the stability of the oil market.</span></p> <p><span style="font-size:18px">Last October, OPEC+ had agreed to an output cut of 2 million bpd from November until the end of the 2023, a move that angered Washington as tighter supply boosts oil prices. (Agencies) </span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17177', 'image' => '20230403044225_collage - 2023-04-03T164051.696.jpg', 'article_date' => '2023-04-03 16:37:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '17441', 'article_category_id' => '1', 'title' => 'Vegetables from 19 Districts Arrive at Kalimati Market', 'sub_title' => '15 Percent of Vegetables and Fruits get Wasted while Reaching the Consumers', 'summary' => 'April 3: The Kalimati Fruit and Vegetable Market, the largest and oldest fruit and vegetable market in the country, brings in vegetables, fruits, fish and spices from 19 districts of the country as well as from India and China.', '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 3: The Kalimati Fruit and Vegetable Market, the largest and oldest fruit and vegetable market in the country, brings in vegetables, fruits, fish and spices from </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">19</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> districts of the country as well as from India and China.</span></span></span></span></p> <p><span style="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 market has been regularly bringing those items from Kathmandu, Bhaktapur, Lalitpur, Bara, Chitwan, Makwanpur, Dhading, Kavre, Dolakha, Gorkha, Navalparasi, Nuwakot, Parsa, Ramechhap, Sarlahi, Sindhuli, Sindhupalchok, Salyan, and Dang districts.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Makwanpur contributes the most to the fruits and vegetables brought to the market from within the country. The Kalimati market has a daily turnover of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">0 million. The data shows that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">17.77</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of vegetables and fruits are imported from Makwanpur. In the same way, the lowest volume of fruits and vegetables arrive from Dang.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Binay Shrestha, information officer of Kalimati Fruit and Vegetable Market Development Committee, said that apart from those districts, vegetables are also imported in small quantities from other districts. Since the quantity is very small, the committee does not keep separate data for this.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“Last year alone, vegetables were brought to Kalimati from more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> districts including Kailali, Kanchanpur, Bardia and Surkhet. However, since that amount was very small, we have kept its data under other headings," 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:"Arial","sans-serif"">According to him, most of the vegetables are imported from the domestic market. Fish, potato and onion are imported in large quantities from India. Fruits, garlic and spices are imported from China.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Shrestha says Nepal has no choice but to rely on potatoes and onions from India. According to government data, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">289</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 metric tons of onions and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million metric tons of potatoes are produced in Nepal. But this does not meet the domestic demand, and therefore the country has to import potatoes and onions from India.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">When any vegetable or fruit reaches Kathmandu from the source district where vegetables and fruits are produced, its price increases up to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent. Geeta Prasad Acharya, president of Kalimati Fruit and Vegetable Market Traders Committee, said that when the product reaches the consumer, the price increases by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to him, five percent of fruits and vegetables rot by the time they reach the Kalimati market from various districts. When the retailer buys from Kalimati and delivers it to the consumer, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent is wasted. Adding to that the cost of transportation and labor costs, the price of fruits and vegetables can be much more expensive when they reach consumers than at the source. The cost of wasted fruits and vegetables will also be passed on to the consumer, so the price will be high.</span></span></span></span></p> <p><span style="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 data provided by the Kalimati Fruit and Vegetable Market Development Committee, the share of vegetables in the total turnover is the highest at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">85.41</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. Fruits contribute </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the total turnover, spice </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.05</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent, fish </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent and other commodity turnover is 0.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">51</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Kalimati market, which has been operating since the last three decades, sells more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">115</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> types of goods including vegetables, fruits, spices, and fish.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Between </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">700</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">900</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tons of vegetables and fruits are brought into the Kalimati market every day. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17176', 'image' => '20230403031643_20180704013332_vege1.jpg', 'article_date' => '2023-04-03 15:15:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17440', 'article_category_id' => '1', 'title' => 'Bank Deposits Increasing Continually since Mid-March', 'sub_title' => '', 'summary' => 'April 3: Bank deposits increased by Rs 10 billion on Friday, according to the latest report of Nepal Rasttra Bank (NRB) released on Sunday.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">April 3: Bank deposits increased by Rs 10 billion on Friday, according to the latest report of Nepal Rasttra Bank (NRB) released on Sunday. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the central bank, the total deposits with banks stood at Rs 5415 billion as of March 30, which increased to Rs 5425 billion on March 31.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NRB spokesperson Dr. Gunakar Bhatta said that although the deposit collection in the banking system seems positive, such a huge difference in a single day is caused due to the deposit of large sum. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“Lately, the rate of deposit is on a consistent rise. The spike in graph of Friday was caused by the deposit of large sum on the same day,” he said.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Earlier, on March 15, NRB released the data stating that the bank deposits decreased by Rs 11 billion in a single day. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bank deposits have been continuously rising since March 15.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to NRB, deposits with commercial banks stood at Rs 4773 billion as of mid-March, which reached Rs 4785 billion on March 31. Deposits of development banks and finance companies have remained stable. By mid-March, there were deposits of Rs 640 billion in development banks and finance companies.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">With the increase in deposits, banks have started providing small loan as wells. The total credit flow of banks was Rs 4515 billion as of last Thursday which reached Rs 4785 billion on Friday. During this period, the total loans of commercial banks increased by Rs 100 billion to Rs 4276 billion.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the increase in deposits, the credit-deposit ratio (CD ratio) of banks and financial institutions has decreased. On Thursday, the CD ratio of banks was 85.66 percent, but on Friday, it stood at 85.54 percent percent. By mid-March, the CD ratio of banks was 85.60 percent. According to the instructions of NRB, banks should maintain a CD ratio of less than 90 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Despite the decline in CD ratio, there has been a general increase in the interbank interest rate. The interbank interest rate which was 7.01 percent on Thursday increased to 7.02 percent on Friday. Officials say that the possibility of increasing deposits will continue in the coming days. It is expected that the economy will improve as deposits in the banking system increase. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17175', 'image' => '20230403125235_Banks - Copy.jpg', 'article_date' => '2023-04-03 12:51:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17439', 'article_category_id' => '1', 'title' => 'Unilever Collaborates with Nepalese Army for Mountain Clean-up Campaign', 'sub_title' => '', 'summary' => 'April 3: Unilever has collaborated with the Nepalese Army in the Mountain Cleanup Campaign 2023.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">April 3: Unilever has collaborated with the Nepalese Army in the Mountain Cleanup Campaign 2023.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The company has taken this initiative as a part of its commitment to make the world a ‘sustainable common habitat'. This is the third time the company is cooperating with the clean mountain campaign of the army. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The company said that the campaign is being organised with the objective of reducing the impact of climate change by protecting and cleaning the mountains. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As part of this year's campaign, the target is to collect </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">tons of garbage while cleaning Mount Everest, Lhotse, Annapurna and and Baruntse. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Amlan Mukherjee, managing director of Unilever Nepal Limited, said, “We aim to set a new record this year in waste collection, segregation and recycling of accumulated waste through continued efforts.”</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17174', 'image' => '20230403121013_RS_KTM_RATL153003282023.JPG', 'article_date' => '2023-04-03 12:09:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17438', 'article_category_id' => '1', 'title' => 'CNI urges Finance Minister to Revive Economy ', 'sub_title' => '', 'summary' => 'April 3: The Confederation of Nepalese Industries (CNI) has urged the newly-appointed Finance Minister Dr Prakash Sharan Mahat to improve the national economy. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 3: The Confederation of Nepalese Industries (CNI) has urged the newly-appointed Finance Minister Dr Prakash Sharan Mahat to improve the national economy. The CNI delegation met Minister Mahat and discussed pressing issues of economy on Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Mahat was also handed over a 10-point memorandum on how the economy could be normalized. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CNI President Vishnu Kumar Agrawal stressed the need for reducing interest rate, normalizing liquidity and encouraging investment for immediate improvement of economy. "These three issues must be prioritized at present. High morale is required to revive economic activities," Agrawal stressed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, he argued that the cash reserve ratio (CRR) needs to be reduced to three percent so as to decrease interest rate and manage liquidity and the bank rate also needs to be lowered. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the memorandum, the CNI further suggested the government to fix the interest gap of fixed and savings accounts at five percent maximum. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response, Finance Minister Mahat said that the government was in need of assistance from the private sector to resolve the problems related to the economy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The government is ready to identify the problems and find solution. For this, cooperation from the private sector is a must," Minister Mahat said. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17173', 'image' => '20230403110138_economic crisis.jpg', 'article_date' => '2023-04-03 11:00:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17437', 'article_category_id' => '1', 'title' => 'NEPSE Index Continues Its Downward Trend; All Groups Land in Red ', 'sub_title' => '', 'summary' => 'Contrary to investors’ expectations, the Nepal Stock Exchange (NEPSE) index plunged 20 points to close at 1,888.55 points on the first trading day on Sunday. Over 3.7 million shares of the total 260 listed companies were traded at over Rs 1.20 billion. The sub-index of all groups landed in red on the first trading day. ', 'content' => '<p><span style="font-size:18px">April 3: Contrary to investors’ expectations, the Nepal Stock Exchange (NEPSE) index plunged 20 points to close at 1,888.55 points on the first trading day on Sunday. Over 3.7 million shares of the total 260 listed companies were traded at over Rs 1.20 billion. The sub-index of all groups landed in red on the first trading day. </span></p> <p><span style="font-size:18px">The sub-index of the trading group registered the highest fall by 54.99 points and that of non-life insurance group by 47.24 points. <br /> The sub-index of banking group decreased by 23.89 points, while hotel and tourism groups fell by 18.91 points. Likewise, hydropower sub-index and life insurance group dropped by 41.68 points, and 36.4 points respectively. </span></p> <p><span style="font-size:18px">The investment sub-index decreased by 0.74 points where as sub-index of production and processing group fell by 35.72 points, that of micro-finance group by 35.84 points, that of mutual fund group by 0.02 points and that of other groups by 10.97 points. </span></p> <p><span style="font-size:18px">The share price of Kalinchok Darshan Limited posted the highest increase by 9.96 percent today. The highest fall in share price is that of Swabhiman Laghubitta Bittiya Sanstha Ltd. It fell by 9. 61points. </span></p> <p><span style="font-size:18px">In the intraday trading, 189 listed companies lost their market value, while only 23 companies registered gains. The daily turnover rose to Rs 1.207 billion from Rs 899.53 million on Thursday.</span></p> <p><span style="font-size:18px">Among individual companies, NIC Asia Bank, with transactions of its shares worth Rs 50.56 million, topped the list. Swabhimaan Laghubitta Bittiya Sanstha Limited was the topmost loser. Kalinchowk Darshan Limited gained the highest percent of its market price. </span></p> <p><span style="font-size:18px">Share investors said that the NEPSE index had continued its downtrend trend as market could not build up confidence despite the appointment of Nepali Congress’ leader Prakash Sharan Mahat as Finance Minister. “Secondary market is waiting for policy-change from the government. Without policy change, NEPSE will not be able to reverse its trend immediately,” said a share investor. </span><br /> </p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17172', 'image' => '20230403064934_collage (53).jpg', 'article_date' => '2023-04-03 06:46:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17436', 'article_category_id' => '1', 'title' => 'Nepal Elected Vice-President of Asia-Pacific UNESCO Clubs and Associations (AFUCA)', 'sub_title' => '', 'summary' => 'Nepal has been elected to the post of Vice-President of the Asia-Pacific Federation of UNESCO Clubs and Associations (AFUCA). Nepal was unanimously elected to the post in the 26th general session of the AFUCA held in Kazakhstan's capital city Almaty on Sunday. ', 'content' => '<p><span style="font-size:18px">April 3: Nepal has been elected to the post of Vice-President of the Asia-Pacific Federation of UNESCO Clubs and Associations (AFUCA). Nepal was unanimously elected to the post in the 26th general session of the AFUCA held in Kazakhstan's capital city Almaty on Sunday. </span></p> <p><span style="font-size:18px">Among the 12 countries of the Asia-Pacific region attending the general assembly, Nepal and Vietnam had registered their candidacies for the post and both countries were elected to the post unanimously.</span></p> <p><span style="font-size:18px"> Nepal's representative in the election was Anandaraj Tripathi, President of the National Federation of UNESCO Clubs and Mayor of Bhanu Municipality in Tanahu district. </span></p> <p><span style="font-size:18px">Similarly, South Korea won the Chair of the AFUCA beating Philippines in the voting. South Korea garnered 10 votes while Philippines conceded defeat securing only 2 votes. </span></p> <p><span style="font-size:18px">Sunjoo Lee was in the fray from South Korea. Upon the election to the Vice-President post, elated Tripathi pledged to work more actively to take forward movement of the UNESCO in the Asia-Pacific region. -----RSS </span></p> ', 'published' => true, 'created' => '2023-04-03', 'modified' => '2023-04-03', 'keywords' => '', 'description' => '', 'sortorder' => '17171', 'image' => '20230403062007_collage (52).jpg', 'article_date' => '2023-04-03 06:00:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '17435', 'article_category_id' => '266', 'title' => 'GWM Announces 'Harshamaya Nawabarsha 2080' Offer with Attractive Cash Discount', 'sub_title' => '', 'summary' => 'V.G. Impex Pvt. Ltd, the authorized importer and distributor for Great Wall Motor (GWM) vehicles in Nepal has announced “HARSHAMAYA NAWABARSHA 2080 BS” New Year offer on the occasion of Nepali New Year 2080 BS.', 'content' => '<p><br /> <span style="font-size:18px">April 2: V.G. Impex Pvt. Ltd, the authorized importer and distributor for Great Wall Motor (GWM) vehicles in Nepal has announced “HARSHAMAYA NAWABARSHA 2080 BS” New Year offer on the occasion of Nepali New Year 2080 BS.</span></p> <p><span style="font-size:18px">This offer is valid for all GWM vehicles purchased in the New Year with amazing cash discounts and added special celebration discount. The campaign HARSHAMAYA NAWABARSHA 2080 is the continuation of the commitment to the customers by offering variable choices to make their new year full of joy and excitement.</span></p> <p><span style="font-size:18px">With new purchase of the GWM vehicles, customers can avail benefits up to 5 lakhs which includes attractive cash discount and celebration discount.</span></p> <p><span style="font-size:18px">With every purchase, customers can avail free accessories along with standard warranty and opportunity of spot valuation and exchange for the interest. The New Year offer also includes three years free service for purchase of any GWM vehicle.</span></p> <p><span style="font-size:18px">GMW believes that for the people mulling over buying the new vehicle in the New Year GWM products can be the best choice in view of the offers the company has rolled out.</span></p> <p><span style="font-size:18px">Great Wall Motor (GWM) is a global intelligent technology company with more than 80 subsidiaries and affiliates and employs more than 70,000 people worldwide. </span></p> <p><span style="font-size:18px">GWM's automobile sales have exceeded one million units per annum for the last six years. The company has its presence in more than 60 nations through an overseas network that covers more than 700 locations worldwide.</span><br /> </p> ', 'published' => true, 'created' => '2023-04-02', 'modified' => '2023-04-02', 'keywords' => '', 'description' => '', 'sortorder' => '17170', 'image' => '20230402060714_collage - 2023-04-02T180746.856.jpg', 'article_date' => '2023-04-02 18:04:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17434', 'article_category_id' => '274', 'title' => 'Janakpur Customs Office Fails to Meet Revenue Collection Target ', 'sub_title' => '', 'summary' => 'Janakpur Customs Office Janakpurdham is finding it tough to meet its revenue collection target in the current fiscal year. ', 'content' => '<p><span style="font-size:18px"><br /> April 2: Janakpur Customs Office Janakpurdham is finding it tough to meet its revenue collection target in the current fiscal year. The customs office has collected only 45 percent revenue of its annual target in the eight months of the current fiscal year.</span></p> <p><span style="font-size:18px">If the rate of the revenue collection remains the same, the customs office will find it hard to meet its target in the next four months. </span></p> <p><span style="font-size:18px">Janakpur Customs Office has set the target to collect 495 million in revenue in the current fiscal year. “But, the customs office has collected only Rs 221 million in revenue in the eight months,” said Keshavraj Oli, Chief of the Customs Office. </span></p> <p><span style="font-size:18px">The customs office had collected Rs 227 million in revenue against its target of 485 million last fiscal year. Restrictions have been placed on border points to optimize revenue collection. However, goods and commodities are found to have been imported avoiding tax at night. </span></p> <p><span style="font-size:18px">Non-operation of the freight train has dealt a blow to the revenue collection, according to Oli. He estimated that revenue might increase if a freight train was operated. </span></p> ', 'published' => true, 'created' => '2023-04-02', 'modified' => '2023-04-02', 'keywords' => '', 'description' => '', 'sortorder' => '17169', 'image' => '20230402043929_collage - 2023-04-02T164022.134.jpg', 'article_date' => '2023-04-02 16:36:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '17433', 'article_category_id' => '1', 'title' => 'Improving Crisis-Ridden Economy is my Priority: Finance Minister Mahat ', 'sub_title' => '', 'summary' => 'April 2: Finance Minister Dr Prakash Sharan Mahat has said improving the crisis-ridden economy is his top priority and commitment. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 2: Finance Minister Dr Prakash Sharan Mahat has said improving the crisis-ridden economy is his top priority and commitment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The suggestions and collaboration of the private sector is needed for this," he reiterated in a meeting with a delegation of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) on Sunday. He added that he would bail out the crisis-ridden economy taking the private sector on board. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I will not allow your self-confidence to sap; I will be constantly in dialogue with you. I have expected your full cooperation in fulfilling my resolve to improving the economy," Finance Minister Mahat said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, FNCCI president Shekhar Golchha, on behalf the entire private sector, extended best wishes to the newly-appointed finance minister, and also briefed him on the latest economic condition. He suggested injecting money in the market and reducing the interest rate through the joint initiative of the central bank and the government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The FNCCI urged the finance minister to ensure liquidity in the banking sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Golchha also suggested for increasing the government expenditure, saying it was too much sluggish. He stressed on expanding the capital expenditure which is merely around 25 percent now. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Revenue collection is low and it is difficult to cope with the current expenditure. Expenditure should be increased even by raising external loans for this," the FNCCI president said, reiterating that the loan mobilized in this manner should be used only for development expenditure. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-02', 'modified' => '2023-04-02', 'keywords' => '', 'description' => '', 'sortorder' => '17168', 'image' => '20230402035731_1680390939.prakash sharan mahat.jpg', 'article_date' => '2023-04-02 15:56:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17432', 'article_category_id' => '1', 'title' => 'Around 100000 Foreign Tourists Visit Nepal in March', 'sub_title' => '', 'summary' => 'Around 100 thousand tourists visited Nepal in March in 2023. According to the Nepal Tourism Board (NTB), 99, 426 visitors entered Nepal in March.', 'content' => '<p><br /> <span style="font-size:18px">April 2: Around 100 thousand tourists visited Nepal in March in 2023. According to the Nepal Tourism Board (NTB), 99, 426 visitors entered Nepal in March.</span></p> <p><span style="font-size:18px">Of the total visitors, 33,454 were from the SAARC nations, 15, 643 from other Asian nations, 23, 265 from the Europe and 3,958 arrived from the countries of the Oceania region. </span></p> <p><span style="font-size:18px">Similarly, the nation welcomed 1,707 from Canada, 9557 from the United States of America and 10,375 from the Middle-East. The highest number of tourists had arrived from India and they make-up 25,911 and this figure was 15,013 in the corresponding period in 2022. </span></p> <p><span style="font-size:18px">Similarly, the tourist arrivals from the US in March were almost a double compared to the review period last year.</span></p> <p><span style="font-size:18px">In 2022, 4,896 tourists from the US had visited Nepal. The high tourist flows were from India, the US, the UK, Germany and Sri Lanka. The data show that Nepal's tourism industry is on the path of recovery post-COVID-19 pandemic. ---RSS </span></p> ', 'published' => true, 'created' => '2023-04-02', 'modified' => '2023-04-02', 'keywords' => '', 'description' => '', 'sortorder' => '17167', 'image' => '20230402035519_collage - 2023-04-02T155256.954.jpg', 'article_date' => '2023-04-02 15:53:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
