March 29: The construction of Upper Solu Hydropower Project, which started in 2013 after the electricity purchase and sale agreement in December 2012, has finally completed in March…
March 29: The construction of Upper Solu Hydropower Project, which started in 2013 after the electricity purchase and sale agreement in December 2012, has finally completed in March…
March 29: The exchange rate of the US dollar has dropped to the lowest point in two weeks, according to the foreign exchange rate set by the Nepal Rastra Bank (NRB) for Wednesday.…
March 29: The government is preparing to introduce a law criminalizing the act of…
March 29: An earthquake rocked eastern mountainous district of Nepal, Taplejung, last…
March 29: The obligation of the Treasury Bills (T bills) that the government has been issuing to collect internal debts has been on the rise every…
A total of 22 cases have been registered with District Administration Office Banke against loan…
The Birgunj Metropolitan City has begun tightening the noose against industries polluting the Sirsiya River in the metropolis. Five industries have been fined for defying the repeated warnings from the Metropolitan City for contaminating the…
Better Home Appliances, an electronic and home appliance brand under Ravi and Sunny Industries Pvt. Ltd., sent its top retailers with the highest sales on a 5-day trip to Thailand on March 27,…
Chief Executive Officer Manoj Thapa at Janaki Technology, SPARROW SMS, was felicitated with the Professional Excellence Award on the premises of Lovely Professional University in Jalandhar,…
March 28: A technical team from India is preparing the Detailed Project Report (DPR) of the Raxaul-Kathmandu…
March 28: The National Food Bank Limited is preparing to open an organic fertilizer factory.…
March 28: The Indian Embassy has extended the deadline for exporting wheat to Nepal until May…
March 28: Nepal's First International Coin and Banknotes exhibition has started from…
March 28: A sudden rise in the number of coronavirus infection was recorded in the country on Monday.…
March 28: People who have fallen victims to illegal money lenders staged a protest in the federal capital on Monday, demanding laws to address their…
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But the promoter company Beni Hydropower Company managed to uphold the license of the project in October 2016.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The project, which was under construction since 2016, could not work without interruption for about three years due to the Covid-19 pandemic. Therefore, the company informed that the project got delayed and completed in March 2023.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Ganesh Karki, executive director of Beni Hydropower Company said that the project, which is estimated to cost Rs 3.5 billion, has been completed at a cost of just around Rs 180 million. He said that even though there were many obstacles, the cost of the project is less compared to other projects. Currently, the average cost of electricity projects is more than Rs 20 million per square meter.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Karki said that the dry test of the project, which was completed in Beni (Salleri) of Solukhumbu, started on March 27, Monday. He informed that there is a plan to test the project by producing electricity from next Friday and connect it to the transmission line of Nepal Electricity Authority by Sunday.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although the project has been approved with the target of generating 18 megawatts of electricity, the project is currently generating 19.8 megawatts of electricity. Karki said that it is possible to generate about additional 2 megawatts of electricity.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17135', 'image' => '20230329024221_upper solu.jpg', 'article_date' => '2023-03-29 14:41:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17399', 'article_category_id' => '1', 'title' => 'Dollar's Exchange Rate Lowest in Two Weeks', 'sub_title' => '', 'summary' => 'March 29: The exchange rate of the US dollar has dropped to the lowest point in two weeks, according to the foreign exchange rate set by the Nepal Rastra Bank (NRB) for Wednesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">March 29: The exchange rate of the US dollar has dropped to the lowest point in two weeks, according to the foreign exchange rate set by the Nepal Rastra Bank (NRB) for Wednesday. The selling rate of the dollar has dropped to Rs 131.81 on Wednesday. The selling rate of the US dollar set by NRB on Tuesday was Rs 132.1. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Prior to this, the lowest rate of US dollar was Rs 131.7 on March 14.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Banks sold dollars between Rs 131.7 and Rs 131.9. This also indicated that the value of the dollar will decrease on Wednesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Along with the US dollar, the selling price of the Chinese Yuan has also decreased. However, there is only a difference of four paise between the selling price of Yuan on Tuesday and Wednesday. The selling price of the Chinese Yuan which was Rs 19.19 on Tuesday, dropped to Rs 19.15 on Wednesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">On Wednesday, the exchange rate of the euro increased. The selling rate of Euro for Wednesday has been fixed at Rs 142.62. On Tuesday, the selling rate of Euro was Rs 142.21. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17134', 'image' => '20230329012611_1680049755.Clipboard06.jpg', 'article_date' => '2023-03-29 13:25:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17398', 'article_category_id' => '1', 'title' => 'Government to Enact Law Criminalizing Usury ', 'sub_title' => '', 'summary' => 'March 29: The government is preparing to introduce a law criminalizing the act of usury. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 29: The government is preparing to introduce a law criminalizing the act of usury. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers on Tuesday decided to move ahead the due process to amend the Criminal (Code) Act, 2074 to declare the practice of money lending at unreasonably high interest rate as a crime. The cabinet meeting decided to enact the necessary legal provisions and thereby take necessary action against the perpetrators, said the prime minister's press expert Manohari Timalsina. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The decision of the government is meant to address the demands of the victims of usury currently protesting in Kathmandu, after gathering from various districts of Tarai, for justice. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The people reportedly victimized by the illegal act travelled by foot for 11 days from different districts of Tarai to reach the federal capital, and thereby draw the attention of the government towards their plight. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the government has formed a team led by Joint Secretary at the Ministry of Home Affairs Rudra Devi Sharma to address their problems. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17133', 'image' => '20230329123009_iStock-661608502_md-750x380.jpg', 'article_date' => '2023-03-29 12:29:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17397', 'article_category_id' => '1', 'title' => 'Earthquake Jolts Taplejung ', 'sub_title' => '', 'summary' => 'March 29: An earthquake rocked eastern mountainous district of Nepal, Taplejung, last night. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 29: An earthquake rocked eastern mountainous district of Nepal, Taplejung, last night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the National Centre for Seismology, an earthquake measuring 4.6 magnitude occurred at 11.41 pm on Tuesday night with its epicenter at Syao, Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The tremor was felt in several districts of eastern Nepal. The eastern and western districts of Nepal have been experiencing frequent earthquakes of late. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17132', 'image' => '20230329121710_earth.jpg', 'article_date' => '2023-03-29 12:16:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17396', 'article_category_id' => '1', 'title' => 'Government’s T-Bills Obligation on the Rise', 'sub_title' => '', 'summary' => 'March 29: The obligation of the Treasury Bills (T bills) that the government has been issuing to collect internal debts has been on the rise every year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 29: The obligation of the Treasury Bills (T bills) that the government has been issuing to collect internal debts has been on the rise every year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The fiscal liability incurred from the T-bills has sharply increased due to the rollover and the government’s failure to pay back the principal amount. The government issues the T-bills as a short-term bond to raise funds for the period less than a year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Public Debt Management Office, the government's obligation for the internal debt is likely to exceed Rs 473 billion. Under Secretary at the Office Dilaram Giri said that the Office has sought Rs 100 billion from the government to pay back some percent of the total amount in the upcoming fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We have asked to prioritize the clearance of the principal amount of the debt. The amount was sought to pay back the debt amount of the Treasury Bills by 25 per cent every year," he added.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Office, a total of Rs 337 billion has been sought from the government in the next fiscal year (FY 2023/24) for the fiscal management to repay both the internal and external debts' principal amount and interest. However, the government is not in a position to provide the amount as asked by the Office due to the low revenue collection.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Assistant spokesperson of Nepal Rastra Bank (NRB), Narayan Prasad Pokharel said that some 80 to 90 per cent of the T-bills have been rolled over so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"The internal debt should be raised as targeted by the budget. But, the government can ask not to continue it if sufficient revenue is collected and other sources of budget have been explored," Pokharel argued.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">From the payment of the T-bills, the banks and financial institutions will have sufficient liquidity and that could contribute to lower the interest rate. However, the BFIs seem more focused on investing in the T-bills.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB on Tuesday is issuing Treasury Bills of Rs 22.10 billion to raise internal loans and the maturity time for the amount ranges from 28 to 364 days.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the Public Debt Management Office, the government's sovereign debt is Rs 2070.53 billion including Rs 968.1 billion internal debt.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17131', 'image' => '20230329093223_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-03-29 09:31:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17395', 'article_category_id' => '1', 'title' => 'Twenty-two Cases Filed With Banke DAO Against Loan Sharks ', 'sub_title' => '', 'summary' => 'A total of 22 cases have been registered with District Administration Office Banke against loan sharks.', 'content' => '<p><br /> <span style="font-size:18px">March 29: A total of 22 cases have been registered with District Administration Office Banke against loan sharks. </span></p> <p><span style="font-size:18px">Out of the total cases related to usury, fifteen cases have reached the court, reconciliation(milapatra) has been done in two cases, two have been sent to the police, one loan shark has not come into contact and two cases have not been probed yet, according to Banke DAO.</span></p> <p><span style="font-size:18px">Banke CDO Bipin Acharya said the district does not have serious problems of loan sharks. “Banke does not have big problems of loan sharking as in the eastern Nepal. And we have forwarded the action against loan sharks on a regular basis,” Acharya informed. </span></p> <p><span style="font-size:18px">CDO Acharya said that usury cases that have reached the court will be settled by the court itself.<br /> Following the government call to the loan shark victims to register their cases, Banke DAO had begun a probe into usury cases. </span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17130', 'image' => '20230329065714_collage (42).jpg', 'article_date' => '2023-03-29 06:54:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '17394', 'article_category_id' => '1', 'title' => 'Industries Polluting Sirsiya River Booked in Birgunj', 'sub_title' => '', 'summary' => 'The Birgunj Metropolitan City has begun tightening the noose against industries polluting the Sirsiya River in the metropolis. Five industries have been fined for defying the repeated warnings from the Metropolitan City for contaminating the river.', 'content' => '<p><br /> <span style="font-size:18px">March 29: The Birgunj Metropolitan City has begun tightening the noose against industries polluting the Sirsiya River in the metropolis. Five industries have been fined for defying the repeated warnings from the Metropolitan City for contaminating the river. </span></p> <p><span style="font-size:18px">Each industry was fined Rs 300,000 for causing pollution. The metropolitan office swung into action after videos of people worshipping in the polluted River during the last Chhat Puja and locals expressing displeasure over it went viral on social media.</span></p> <p><span style="font-size:18px">The Metropolitan City took action against the Global Leather Industry, Arnika Processing Industry, Shree Siddi Textiles, Moriam Leather Industry at ward no 21 and Durga Pulp and Paper in ward no 32. </span></p> <p><span style="font-size:18px">All these industries are situated at Birgunj-Pathalaiya Industrial Corridor. Letters have been sent to these industries to submit the penalty within a week, said Laxmi Prasad Poudel, the Chief Administrative Officer of the Metropolitan City. </span></p> <p><span style="font-size:18px">Five industries were penalized as per the Protection of Environment and Natural Resource Act-2077 BS. Birgunj Mayor Rajesh Man Singh dubbed the Sirsiya River as a 'lifeline' to Birgunj city and warned that the city would continue keeping an eye over those industries and people trying to sully the purity of the river. </span></p> <p><span style="font-size:18px">The river contamination has adversely affected people from over a dozen villages such as Simara, Ramauli in Bara district, Sirsiya, Tajpur, Ramgadhawa in Parsa district, Ramban, Ashokbatika, Bindabasini among others in Birgunj Metropolitan City.</span><br /> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17129', 'image' => '20230329063236_collage (41).jpg', 'article_date' => '2023-03-29 06:29:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '17393', 'article_category_id' => '1', 'title' => 'Better Home Appliances Rewards Its Best Retailers With Trip to Thailand ', 'sub_title' => '', 'summary' => 'Better Home Appliances, an electronic and home appliance brand under Ravi and Sunny Industries Pvt. Ltd., sent its top retailers with the highest sales on a 5-day trip to Thailand on March 27, 2023.', 'content' => '<p><span style="font-size:18px">March 28: Better Home Appliances, an electronic and home appliance brand under Ravi and Sunny Industries Pvt. Ltd., sent its top retailers with the highest sales on a 5-day trip to Thailand on March 27, 2023.</span></p> <p><span style="font-size:18px"> The retailers were rewarded with the trip for having the highest number of sales in the last fiscal year. Despite the tough times, Better offered the trip to its retailers to encourage and motivate them to work harder and sell more in the days to come. </span></p> <p><span style="font-size:18px"> “We want to uplift our retailers and let them know that no matter what, we’ve got their back. We are grateful to have received such dedication from them and wanted to show our appreciation,” said Sunny Rauniyar, Co-Founder and COO of Better Home Appliances. </span></p> <p><span style="font-size:18px">Better Home Appliances offers various kinds of electronics and home appliances such as pressure cookers, rice cookers, irons, induction stoves, infrared stoves, electric jugs, fans, heaters, etc., in Nepali market. </span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17128', 'image' => '20230328052404_collage - 2023-03-28T172349.199.jpg', 'article_date' => '2023-03-28 17:20:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '17392', 'article_category_id' => '237', 'title' => 'CEO Manoj Thapa at Janaki Technology, SPARROW SMS, Receives Professional Excellence Award', 'sub_title' => '', 'summary' => 'Chief Executive Officer Manoj Thapa at Janaki Technology, SPARROW SMS, was felicitated with the Professional Excellence Award on the premises of Lovely Professional University in Jalandhar, India. ', 'content' => '<p><br /> <span style="font-size:18px"> March 28: Chief Executive Officer Manoj Thapa at Janaki Technology, SPARROW SMS, was felicitated with the Professional Excellence Award on the premises of Lovely Professional University in Jalandhar, India. </span></p> <p><span style="font-size:18px">Ashok Mittal, Rajya Sabha Member of Parliament from Aam Aadmi Party (AAP) India and Rashmi Mittal, Pro Chancellor of Lovely Professional University (LPU) had presented the award to CEO Thapa. </span></p> <p><span style="font-size:18px">The Professional Excellence Award recognizes individuals for their exceptional contributions to their respective fields. Manoj Thapa was felicitated with excellence award in recognition of his professional excellence in technology and telecommunications Value-Added Services (VAS).</span></p> <p><span style="font-size:18px">Manoj Thapa completed his Master of Business Administration (MBA) from Lovely Professional University in 2015. He joined Janaki Technology, SPARROW SMS, in 2022 and has been leading the company by bringing out innovative products in the telecommunications VAS space. </span></p> <p><span style="font-size:18px">Under his leadership, Janaki Technology, SPARROW SMS has grown exponentially and established itself as a leading provider of telecommunications VAS solutions in Nepal. Thapa is widely respected in the information and technology industry for his deep understanding of the market and his ability to translate customer needs into innovative solutions. He has also been recognized for his contribution to the growth of the technology industry in Nepal.</span></p> <p><span style="font-size:18px">"The excellence award is a testament to the hard work and dedication of the entire team at Janaki Technology, SPARROW SMS. We will continue to innovate and provide our customers with cutting-edge solutions in the telecommunications VAS space,” said CEO Thapa. </span></p> <p><span style="font-size:18px">Lovely Professional University is one of India's leading universities, known for its academic excellence and commitment to fostering innovative thinking. The university is reputed for producing talented leaders in different fields. </span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17127', 'image' => '20230328045422_collage - 2023-03-28T164931.676.jpg', 'article_date' => '2023-03-28 16:46:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '17391', 'article_category_id' => '1', 'title' => 'DPR of Raxaul-Kathmandu Railway being Prepared within a Month', 'sub_title' => '', 'summary' => 'March 28: A technical team from India is preparing the Detailed Project Report (DPR) of the Raxaul-Kathmandu Railway. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: A technical team from India is preparing the Detailed Project Report (DPR) of the Raxaul-Kathmandu Railway. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Nepal Railway Company Limited, the DPR of the 136-km railway is being prepared after completing the feasibility study. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The state-owned Nepal Railway confirmed that a technical team of Indian Railway Company Corporation is preparing the DPR of the railway. General Manager of Nepal Railway Company Limited, Niranjan Kumar Jha, said, "The DPR will be prepared within a month." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Construction of the railway would take momentum after the approval of the DPR. Nepal had sent an official proposal to India two years ago to prepare the DPR after Nepal and India signed the memorandum of understanding for the feasibility study of the Raxaul-Kathmandu railway on September 1, 2019. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DPR is being prepared as per the proposal, added Jha. The Indian Railway Company, Konkan, had prepared the feasibility report in coordination with the Government of Nepal in eight months. As per the preliminary study, a tunnel and special types of bridges would be constructed along the 136-km long railway. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17126', 'image' => '20230328044124_20210914112433_20190325112130_Clipboard43-5.jpg', 'article_date' => '2023-03-28 16:40:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17390', 'article_category_id' => '1', 'title' => 'Food Bank Preparing to set up Organic Fertilizer Factory', 'sub_title' => '', 'summary' => 'March 28: The National Food Bank Limited is preparing to open an organic fertilizer factory. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">March 28: The National Food Bank Limited is preparing to open an organic fertilizer factory. The bank, which was established with the aim of reducing dependence on agricultural products by producing organic products, said that since the country is completely dependent on chemical fertilizers, billions of rupees are lost every year. So, it is preparing to establish a natural fertilizer factory.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The company informed that studies are currently being conducted at various stages with the involvement of experts for the establishment of the factory. The chairman of the bank, Sankarnath Upreti informed that the study has been initiated for the establishment of an organic fertilizer factory so that organic fertilizers can be provided to more than 100,000 farmers associated with the food bank within the next few years. He said that plan is to gradually expand it nationwide.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Upreti said, “We are also studying its potential in Nepal by collaborating with companies that are producing organic fertilizers in countries like China, South Korea, and Japan. Preliminary studies have shown a lot of potential and its production cost seems to be much cheaper than chemical fertilizers.” </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Upreti, Korean companies have also shown interest in collaborating on this. He added, “That's why we will cooperate with them and advance the work.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Agricultural production is almost impossible without chemical fertilizers. At this time, more than half of the total budget allocated by the government for agriculture is spent on buying chemical fertilizers, so there is a risk that the budget will not go to other areas of agriculture.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Upreti, the organic fertilizer factory can be the best option to reduce the dependency on chemical fertilizers as the budget will be spent on chemical fertilizers and there is a growing threat of the development of agricultural infrastructure being delayed. That is why the Food Bank has taken the initiative to start it.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The bank informed that organic manure, vegetable manure made from Azola plant, cattle manure, earthworm manure etc. are being studied as alternatives among the organic fertilizers in use in Nepal. The possibility of producing fertilizers in high-tech factories in a modern way and increasing the production capacity and bringing them to the market in the form of grains or bags is being explored.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Mohan Prasad Panthi, botanist at the Food Bank, the soil has deteriorated due to the increasing use of chemical fertilizers. The soil will not loosen up for crop cultivation if chemical fertilizer is not used in even small amount. Therefore the dependency on chemical fertilizers can be gradually removed by using 50 percent chemical and 50 percent organic fertilizers in the first year, 60 percent organic and 40 percent chemical in the second year, 70 percent organic and 30 percent chemical in the third year, and 100 percent organic fertilizers in the fourth or fifth year. If only organic fertilizers are used at once, there is a risk of decreasing production rather than increasing it. Therefore, special attention should be paid to the use.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Now in Nepal, various organizations and companies are producing organic fertilizers in small quantities. Those fertilizers are more expensive than the crop itself and do not even give good results. Therefore, it seems necessary to expand its capacity. The organic fertilizer that the bank is trying to produce will have the same nutritional capacity for different crops including fruits, vegetables and grains.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17125', 'image' => '20230328034545_organic-farming.jpg', 'article_date' => '2023-03-28 15:45:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17389', 'article_category_id' => '1', 'title' => 'Deadline for Bringing 17,000 Tons of Wheat from India Extended', 'sub_title' => '', 'summary' => 'March 28: The Indian Embassy has extended the deadline for exporting wheat to Nepal until May 31.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 28: The Indian Embassy has extended the deadline for exporting wheat to Nepal until May 31.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Earlier, the Government of India had fixed the date of March 31 for Nepali traders to purchase 16,951 tons out of the quota of 50,000 metric tons of wheat allocated for export to Nepal. This amount of wheat was allocated especially for traders. Meanwhile, 33,049 tons of wheat belonging to the industrialists has already entered Nepal, resulting in decline in prices of flour.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Out of the quota distributed by the Ministry of Industry, Commerce and Supply, 22 business firms are yet to bring wheat. Officials of the Morang Merchants’ Association had requested Indian Ambassador Naveen Srivastava to extend deadline during his recent visit to Biratnagar. The association had also written to the Indian embassy to extend the deadline. Upon their request, the embassy extended the deadline by two months for the import of about 17,000 tons of wheat. Secretary of Nepal Flour Mills Association and Vice President of Morang Merchants’ Association Bikash Begwani said that the decision of the Indian Embassy has resolved the problem of shortage of wheat in Nepal to some extent.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The current price of wheat in Nepal is Rs 48 per kg. Before the arrival of wheat from India, its price was Rs 65 per kg. In India, wheat is now available at Rs 38 per kg. After 10 days, a new batch of wheat will hit Nepali and Indian markets. The association expects the price to remain at Rs 40 per kg in Nepal and Rs 32 per kg in India.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">After the arrival of wheat from India, the price of flour has also decreased from Rs 85 to Rs 67 per kg and the price of bran dropped from Rs 56 to Rs 44 per kg. Secretary Begwani said that after the new wheat comes to the market, the price will go down further.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Kumud Dugad, president of the association said that the government should demand 400,000 tons of wheat from the Indian government to prevent wheat shortage in the country in the future. He said that the demand for wheat should be placed immediately as the domestic production will barely last for five months. He says that the government should take timely action as it will take two months for the Indian government to fix the quota.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17124', 'image' => '20230328020529_1679959854.Clipboard12.jpg', 'article_date' => '2023-03-28 14:04:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17388', 'article_category_id' => '1', 'title' => 'First Coin and Banknotes Exhibition Begins ', 'sub_title' => '', 'summary' => 'March 28: Nepal's First International Coin and Banknotes exhibition has started from Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: Nepal's First International Coin and Banknotes exhibition has started from Monday. The three-day-long exhibition organized by Nepal Numismatic Society is ongoing at Nepal Arts Council, Babarmahal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Coins and notes from Lichchhavi, Malla and Shah dynasties are kept in the exhibition, according to the society's general secretary Dipendra Ratna Shakya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former Prime Minister and Chairman of CPN (Unified Socialist) Madhav Kumar Nepal inaugurated the exhibition. In the exhibition, the numismatics from India have also participated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The exhibition shall continue till Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The first paper note was issued in Nepal in 2002 BS. The notes of Rs 5, Rs 10 and Rs 100 were issued then with the sign of cashier Janakraj Pandit. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17123', 'image' => '20230328121409_coinnn.jpg', 'article_date' => '2023-03-28 12:13:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17386', 'article_category_id' => '1', 'title' => 'Coronavirus Infection Rises all of a Sudden', 'sub_title' => '', 'summary' => 'March 28: A sudden rise in the number of coronavirus infection was recorded in the country on Monday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: A sudden rise in the number of coronavirus infection was recorded in the country on Monday. Of the 1,266 people who were tested, 69 were found carrying the virus, according to the Ministry of Health and Population. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Just a day ago, on March 26, the number was 16 while 17 were found infected with the virus on March 25. As a result, the number of active cases of COVID-19 has also increased. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the number of infections increasing in neighbouring India, it has led to a rise in positive cases in Nepal due to the open border, according to the Director of Epidemiology and Disease Control Division Dr Chuman Lal Das. Most of the infected people are entering Nepal through the Trinagar border crossing at Dhangadhi in Kailali. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the health ministry has urged one and all to take caution and also get themselves booster dose of COVID-19 vaccine. Administration of booster dose is currently underway in different parts of the country including Kathmandu valley. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17121', 'image' => '20230328112141_20200315104642_20200312112722_111.jpg', 'article_date' => '2023-03-28 11:20:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17385', 'article_category_id' => '1', 'title' => 'Loan Shark Victims Demonstrate in Capital ', 'sub_title' => '', 'summary' => 'March 28: People who have fallen victims to illegal money lenders staged a protest in the federal capital on Monday, demanding laws to address their woes. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: People who have fallen victims to illegal money lenders staged a protest in the federal capital on Monday, demanding laws to address their woes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the demonstration organized under the leadership of the loan shark victims struggle committee, the protestors who gathered from outside the capital took to the street in front of Bir Hospital. They demanded action against the illegal money lenders, ending the informal borrowing system, and the release of the victims detained on false ground. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The loan shark victims arrived in Kathmandu on foot from different districts of the country. They were stopped by municipal police of Kathmandu metropolitan city from entering the khula manch (open theatre). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Manoj Paswan, the coordinator of the struggle committee, appealed for justice and lamented over the act of the KMC police to stop them from entering the open theatre. Even requests for permission from the District Administration Office fell into deaf ears. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17120', 'image' => '20230328111426_landsharksharkrQC7Jq3r_q1_RbQ_A.jpeg', 'article_date' => '2023-03-28 11:13:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17400', 'article_category_id' => '1', 'title' => 'Construction of Upper Solu Project Completed after a Decade', 'sub_title' => '', 'summary' => 'March 29: The construction of Upper Solu Hydropower Project, which started in 2013 after the electricity purchase and sale agreement in December 2012, has finally completed in March 2023.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">March 29: The construction of Upper Solu Hydropower Project, which started in 2013 after the electricity purchase and sale agreement in December 2012, has finally completed in March 2023.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The license of the project was revoked in August 2013 after a case was filed at the Commission for the Investigation of Abuse of Authority (CIAA) within 7 months of commencement of the project. But the promoter company Beni Hydropower Company managed to uphold the license of the project in October 2016.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The project, which was under construction since 2016, could not work without interruption for about three years due to the Covid-19 pandemic. Therefore, the company informed that the project got delayed and completed in March 2023.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Ganesh Karki, executive director of Beni Hydropower Company said that the project, which is estimated to cost Rs 3.5 billion, has been completed at a cost of just around Rs 180 million. He said that even though there were many obstacles, the cost of the project is less compared to other projects. Currently, the average cost of electricity projects is more than Rs 20 million per square meter.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Karki said that the dry test of the project, which was completed in Beni (Salleri) of Solukhumbu, started on March 27, Monday. He informed that there is a plan to test the project by producing electricity from next Friday and connect it to the transmission line of Nepal Electricity Authority by Sunday.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although the project has been approved with the target of generating 18 megawatts of electricity, the project is currently generating 19.8 megawatts of electricity. Karki said that it is possible to generate about additional 2 megawatts of electricity.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17135', 'image' => '20230329024221_upper solu.jpg', 'article_date' => '2023-03-29 14:41:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17399', 'article_category_id' => '1', 'title' => 'Dollar's Exchange Rate Lowest in Two Weeks', 'sub_title' => '', 'summary' => 'March 29: The exchange rate of the US dollar has dropped to the lowest point in two weeks, according to the foreign exchange rate set by the Nepal Rastra Bank (NRB) for Wednesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">March 29: The exchange rate of the US dollar has dropped to the lowest point in two weeks, according to the foreign exchange rate set by the Nepal Rastra Bank (NRB) for Wednesday. The selling rate of the dollar has dropped to Rs 131.81 on Wednesday. The selling rate of the US dollar set by NRB on Tuesday was Rs 132.1. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Prior to this, the lowest rate of US dollar was Rs 131.7 on March 14.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Banks sold dollars between Rs 131.7 and Rs 131.9. This also indicated that the value of the dollar will decrease on Wednesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Along with the US dollar, the selling price of the Chinese Yuan has also decreased. However, there is only a difference of four paise between the selling price of Yuan on Tuesday and Wednesday. The selling price of the Chinese Yuan which was Rs 19.19 on Tuesday, dropped to Rs 19.15 on Wednesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">On Wednesday, the exchange rate of the euro increased. The selling rate of Euro for Wednesday has been fixed at Rs 142.62. On Tuesday, the selling rate of Euro was Rs 142.21. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17134', 'image' => '20230329012611_1680049755.Clipboard06.jpg', 'article_date' => '2023-03-29 13:25:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17398', 'article_category_id' => '1', 'title' => 'Government to Enact Law Criminalizing Usury ', 'sub_title' => '', 'summary' => 'March 29: The government is preparing to introduce a law criminalizing the act of usury. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 29: The government is preparing to introduce a law criminalizing the act of usury. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers on Tuesday decided to move ahead the due process to amend the Criminal (Code) Act, 2074 to declare the practice of money lending at unreasonably high interest rate as a crime. The cabinet meeting decided to enact the necessary legal provisions and thereby take necessary action against the perpetrators, said the prime minister's press expert Manohari Timalsina. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The decision of the government is meant to address the demands of the victims of usury currently protesting in Kathmandu, after gathering from various districts of Tarai, for justice. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The people reportedly victimized by the illegal act travelled by foot for 11 days from different districts of Tarai to reach the federal capital, and thereby draw the attention of the government towards their plight. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the government has formed a team led by Joint Secretary at the Ministry of Home Affairs Rudra Devi Sharma to address their problems. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17133', 'image' => '20230329123009_iStock-661608502_md-750x380.jpg', 'article_date' => '2023-03-29 12:29:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17397', 'article_category_id' => '1', 'title' => 'Earthquake Jolts Taplejung ', 'sub_title' => '', 'summary' => 'March 29: An earthquake rocked eastern mountainous district of Nepal, Taplejung, last night. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 29: An earthquake rocked eastern mountainous district of Nepal, Taplejung, last night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the National Centre for Seismology, an earthquake measuring 4.6 magnitude occurred at 11.41 pm on Tuesday night with its epicenter at Syao, Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The tremor was felt in several districts of eastern Nepal. The eastern and western districts of Nepal have been experiencing frequent earthquakes of late. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17132', 'image' => '20230329121710_earth.jpg', 'article_date' => '2023-03-29 12:16:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17396', 'article_category_id' => '1', 'title' => 'Government’s T-Bills Obligation on the Rise', 'sub_title' => '', 'summary' => 'March 29: The obligation of the Treasury Bills (T bills) that the government has been issuing to collect internal debts has been on the rise every year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 29: The obligation of the Treasury Bills (T bills) that the government has been issuing to collect internal debts has been on the rise every year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The fiscal liability incurred from the T-bills has sharply increased due to the rollover and the government’s failure to pay back the principal amount. The government issues the T-bills as a short-term bond to raise funds for the period less than a year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Public Debt Management Office, the government's obligation for the internal debt is likely to exceed Rs 473 billion. Under Secretary at the Office Dilaram Giri said that the Office has sought Rs 100 billion from the government to pay back some percent of the total amount in the upcoming fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We have asked to prioritize the clearance of the principal amount of the debt. The amount was sought to pay back the debt amount of the Treasury Bills by 25 per cent every year," he added.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Office, a total of Rs 337 billion has been sought from the government in the next fiscal year (FY 2023/24) for the fiscal management to repay both the internal and external debts' principal amount and interest. However, the government is not in a position to provide the amount as asked by the Office due to the low revenue collection.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Assistant spokesperson of Nepal Rastra Bank (NRB), Narayan Prasad Pokharel said that some 80 to 90 per cent of the T-bills have been rolled over so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"The internal debt should be raised as targeted by the budget. But, the government can ask not to continue it if sufficient revenue is collected and other sources of budget have been explored," Pokharel argued.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">From the payment of the T-bills, the banks and financial institutions will have sufficient liquidity and that could contribute to lower the interest rate. However, the BFIs seem more focused on investing in the T-bills.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB on Tuesday is issuing Treasury Bills of Rs 22.10 billion to raise internal loans and the maturity time for the amount ranges from 28 to 364 days.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the Public Debt Management Office, the government's sovereign debt is Rs 2070.53 billion including Rs 968.1 billion internal debt.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17131', 'image' => '20230329093223_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-03-29 09:31:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17395', 'article_category_id' => '1', 'title' => 'Twenty-two Cases Filed With Banke DAO Against Loan Sharks ', 'sub_title' => '', 'summary' => 'A total of 22 cases have been registered with District Administration Office Banke against loan sharks.', 'content' => '<p><br /> <span style="font-size:18px">March 29: A total of 22 cases have been registered with District Administration Office Banke against loan sharks. </span></p> <p><span style="font-size:18px">Out of the total cases related to usury, fifteen cases have reached the court, reconciliation(milapatra) has been done in two cases, two have been sent to the police, one loan shark has not come into contact and two cases have not been probed yet, according to Banke DAO.</span></p> <p><span style="font-size:18px">Banke CDO Bipin Acharya said the district does not have serious problems of loan sharks. “Banke does not have big problems of loan sharking as in the eastern Nepal. And we have forwarded the action against loan sharks on a regular basis,” Acharya informed. </span></p> <p><span style="font-size:18px">CDO Acharya said that usury cases that have reached the court will be settled by the court itself.<br /> Following the government call to the loan shark victims to register their cases, Banke DAO had begun a probe into usury cases. </span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17130', 'image' => '20230329065714_collage (42).jpg', 'article_date' => '2023-03-29 06:54:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '17394', 'article_category_id' => '1', 'title' => 'Industries Polluting Sirsiya River Booked in Birgunj', 'sub_title' => '', 'summary' => 'The Birgunj Metropolitan City has begun tightening the noose against industries polluting the Sirsiya River in the metropolis. Five industries have been fined for defying the repeated warnings from the Metropolitan City for contaminating the river.', 'content' => '<p><br /> <span style="font-size:18px">March 29: The Birgunj Metropolitan City has begun tightening the noose against industries polluting the Sirsiya River in the metropolis. Five industries have been fined for defying the repeated warnings from the Metropolitan City for contaminating the river. </span></p> <p><span style="font-size:18px">Each industry was fined Rs 300,000 for causing pollution. The metropolitan office swung into action after videos of people worshipping in the polluted River during the last Chhat Puja and locals expressing displeasure over it went viral on social media.</span></p> <p><span style="font-size:18px">The Metropolitan City took action against the Global Leather Industry, Arnika Processing Industry, Shree Siddi Textiles, Moriam Leather Industry at ward no 21 and Durga Pulp and Paper in ward no 32. </span></p> <p><span style="font-size:18px">All these industries are situated at Birgunj-Pathalaiya Industrial Corridor. Letters have been sent to these industries to submit the penalty within a week, said Laxmi Prasad Poudel, the Chief Administrative Officer of the Metropolitan City. </span></p> <p><span style="font-size:18px">Five industries were penalized as per the Protection of Environment and Natural Resource Act-2077 BS. Birgunj Mayor Rajesh Man Singh dubbed the Sirsiya River as a 'lifeline' to Birgunj city and warned that the city would continue keeping an eye over those industries and people trying to sully the purity of the river. </span></p> <p><span style="font-size:18px">The river contamination has adversely affected people from over a dozen villages such as Simara, Ramauli in Bara district, Sirsiya, Tajpur, Ramgadhawa in Parsa district, Ramban, Ashokbatika, Bindabasini among others in Birgunj Metropolitan City.</span><br /> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17129', 'image' => '20230329063236_collage (41).jpg', 'article_date' => '2023-03-29 06:29:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '17393', 'article_category_id' => '1', 'title' => 'Better Home Appliances Rewards Its Best Retailers With Trip to Thailand ', 'sub_title' => '', 'summary' => 'Better Home Appliances, an electronic and home appliance brand under Ravi and Sunny Industries Pvt. Ltd., sent its top retailers with the highest sales on a 5-day trip to Thailand on March 27, 2023.', 'content' => '<p><span style="font-size:18px">March 28: Better Home Appliances, an electronic and home appliance brand under Ravi and Sunny Industries Pvt. Ltd., sent its top retailers with the highest sales on a 5-day trip to Thailand on March 27, 2023.</span></p> <p><span style="font-size:18px"> The retailers were rewarded with the trip for having the highest number of sales in the last fiscal year. Despite the tough times, Better offered the trip to its retailers to encourage and motivate them to work harder and sell more in the days to come. </span></p> <p><span style="font-size:18px"> “We want to uplift our retailers and let them know that no matter what, we’ve got their back. We are grateful to have received such dedication from them and wanted to show our appreciation,” said Sunny Rauniyar, Co-Founder and COO of Better Home Appliances. </span></p> <p><span style="font-size:18px">Better Home Appliances offers various kinds of electronics and home appliances such as pressure cookers, rice cookers, irons, induction stoves, infrared stoves, electric jugs, fans, heaters, etc., in Nepali market. </span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17128', 'image' => '20230328052404_collage - 2023-03-28T172349.199.jpg', 'article_date' => '2023-03-28 17:20:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '17392', 'article_category_id' => '237', 'title' => 'CEO Manoj Thapa at Janaki Technology, SPARROW SMS, Receives Professional Excellence Award', 'sub_title' => '', 'summary' => 'Chief Executive Officer Manoj Thapa at Janaki Technology, SPARROW SMS, was felicitated with the Professional Excellence Award on the premises of Lovely Professional University in Jalandhar, India. ', 'content' => '<p><br /> <span style="font-size:18px"> March 28: Chief Executive Officer Manoj Thapa at Janaki Technology, SPARROW SMS, was felicitated with the Professional Excellence Award on the premises of Lovely Professional University in Jalandhar, India. </span></p> <p><span style="font-size:18px">Ashok Mittal, Rajya Sabha Member of Parliament from Aam Aadmi Party (AAP) India and Rashmi Mittal, Pro Chancellor of Lovely Professional University (LPU) had presented the award to CEO Thapa. </span></p> <p><span style="font-size:18px">The Professional Excellence Award recognizes individuals for their exceptional contributions to their respective fields. Manoj Thapa was felicitated with excellence award in recognition of his professional excellence in technology and telecommunications Value-Added Services (VAS).</span></p> <p><span style="font-size:18px">Manoj Thapa completed his Master of Business Administration (MBA) from Lovely Professional University in 2015. He joined Janaki Technology, SPARROW SMS, in 2022 and has been leading the company by bringing out innovative products in the telecommunications VAS space. </span></p> <p><span style="font-size:18px">Under his leadership, Janaki Technology, SPARROW SMS has grown exponentially and established itself as a leading provider of telecommunications VAS solutions in Nepal. Thapa is widely respected in the information and technology industry for his deep understanding of the market and his ability to translate customer needs into innovative solutions. He has also been recognized for his contribution to the growth of the technology industry in Nepal.</span></p> <p><span style="font-size:18px">"The excellence award is a testament to the hard work and dedication of the entire team at Janaki Technology, SPARROW SMS. We will continue to innovate and provide our customers with cutting-edge solutions in the telecommunications VAS space,” said CEO Thapa. </span></p> <p><span style="font-size:18px">Lovely Professional University is one of India's leading universities, known for its academic excellence and commitment to fostering innovative thinking. The university is reputed for producing talented leaders in different fields. </span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17127', 'image' => '20230328045422_collage - 2023-03-28T164931.676.jpg', 'article_date' => '2023-03-28 16:46:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '17391', 'article_category_id' => '1', 'title' => 'DPR of Raxaul-Kathmandu Railway being Prepared within a Month', 'sub_title' => '', 'summary' => 'March 28: A technical team from India is preparing the Detailed Project Report (DPR) of the Raxaul-Kathmandu Railway. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: A technical team from India is preparing the Detailed Project Report (DPR) of the Raxaul-Kathmandu Railway. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Nepal Railway Company Limited, the DPR of the 136-km railway is being prepared after completing the feasibility study. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The state-owned Nepal Railway confirmed that a technical team of Indian Railway Company Corporation is preparing the DPR of the railway. General Manager of Nepal Railway Company Limited, Niranjan Kumar Jha, said, "The DPR will be prepared within a month." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Construction of the railway would take momentum after the approval of the DPR. Nepal had sent an official proposal to India two years ago to prepare the DPR after Nepal and India signed the memorandum of understanding for the feasibility study of the Raxaul-Kathmandu railway on September 1, 2019. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DPR is being prepared as per the proposal, added Jha. The Indian Railway Company, Konkan, had prepared the feasibility report in coordination with the Government of Nepal in eight months. As per the preliminary study, a tunnel and special types of bridges would be constructed along the 136-km long railway. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17126', 'image' => '20230328044124_20210914112433_20190325112130_Clipboard43-5.jpg', 'article_date' => '2023-03-28 16:40:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17390', 'article_category_id' => '1', 'title' => 'Food Bank Preparing to set up Organic Fertilizer Factory', 'sub_title' => '', 'summary' => 'March 28: The National Food Bank Limited is preparing to open an organic fertilizer factory. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">March 28: The National Food Bank Limited is preparing to open an organic fertilizer factory. The bank, which was established with the aim of reducing dependence on agricultural products by producing organic products, said that since the country is completely dependent on chemical fertilizers, billions of rupees are lost every year. So, it is preparing to establish a natural fertilizer factory.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The company informed that studies are currently being conducted at various stages with the involvement of experts for the establishment of the factory. The chairman of the bank, Sankarnath Upreti informed that the study has been initiated for the establishment of an organic fertilizer factory so that organic fertilizers can be provided to more than 100,000 farmers associated with the food bank within the next few years. He said that plan is to gradually expand it nationwide.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Upreti said, “We are also studying its potential in Nepal by collaborating with companies that are producing organic fertilizers in countries like China, South Korea, and Japan. Preliminary studies have shown a lot of potential and its production cost seems to be much cheaper than chemical fertilizers.” </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Upreti, Korean companies have also shown interest in collaborating on this. He added, “That's why we will cooperate with them and advance the work.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Agricultural production is almost impossible without chemical fertilizers. At this time, more than half of the total budget allocated by the government for agriculture is spent on buying chemical fertilizers, so there is a risk that the budget will not go to other areas of agriculture.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Upreti, the organic fertilizer factory can be the best option to reduce the dependency on chemical fertilizers as the budget will be spent on chemical fertilizers and there is a growing threat of the development of agricultural infrastructure being delayed. That is why the Food Bank has taken the initiative to start it.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The bank informed that organic manure, vegetable manure made from Azola plant, cattle manure, earthworm manure etc. are being studied as alternatives among the organic fertilizers in use in Nepal. The possibility of producing fertilizers in high-tech factories in a modern way and increasing the production capacity and bringing them to the market in the form of grains or bags is being explored.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Mohan Prasad Panthi, botanist at the Food Bank, the soil has deteriorated due to the increasing use of chemical fertilizers. The soil will not loosen up for crop cultivation if chemical fertilizer is not used in even small amount. Therefore the dependency on chemical fertilizers can be gradually removed by using 50 percent chemical and 50 percent organic fertilizers in the first year, 60 percent organic and 40 percent chemical in the second year, 70 percent organic and 30 percent chemical in the third year, and 100 percent organic fertilizers in the fourth or fifth year. If only organic fertilizers are used at once, there is a risk of decreasing production rather than increasing it. Therefore, special attention should be paid to the use.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Now in Nepal, various organizations and companies are producing organic fertilizers in small quantities. Those fertilizers are more expensive than the crop itself and do not even give good results. Therefore, it seems necessary to expand its capacity. The organic fertilizer that the bank is trying to produce will have the same nutritional capacity for different crops including fruits, vegetables and grains.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17125', 'image' => '20230328034545_organic-farming.jpg', 'article_date' => '2023-03-28 15:45:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17389', 'article_category_id' => '1', 'title' => 'Deadline for Bringing 17,000 Tons of Wheat from India Extended', 'sub_title' => '', 'summary' => 'March 28: The Indian Embassy has extended the deadline for exporting wheat to Nepal until May 31.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 28: The Indian Embassy has extended the deadline for exporting wheat to Nepal until May 31.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Earlier, the Government of India had fixed the date of March 31 for Nepali traders to purchase 16,951 tons out of the quota of 50,000 metric tons of wheat allocated for export to Nepal. This amount of wheat was allocated especially for traders. Meanwhile, 33,049 tons of wheat belonging to the industrialists has already entered Nepal, resulting in decline in prices of flour.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Out of the quota distributed by the Ministry of Industry, Commerce and Supply, 22 business firms are yet to bring wheat. Officials of the Morang Merchants’ Association had requested Indian Ambassador Naveen Srivastava to extend deadline during his recent visit to Biratnagar. The association had also written to the Indian embassy to extend the deadline. Upon their request, the embassy extended the deadline by two months for the import of about 17,000 tons of wheat. Secretary of Nepal Flour Mills Association and Vice President of Morang Merchants’ Association Bikash Begwani said that the decision of the Indian Embassy has resolved the problem of shortage of wheat in Nepal to some extent.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The current price of wheat in Nepal is Rs 48 per kg. Before the arrival of wheat from India, its price was Rs 65 per kg. In India, wheat is now available at Rs 38 per kg. After 10 days, a new batch of wheat will hit Nepali and Indian markets. The association expects the price to remain at Rs 40 per kg in Nepal and Rs 32 per kg in India.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">After the arrival of wheat from India, the price of flour has also decreased from Rs 85 to Rs 67 per kg and the price of bran dropped from Rs 56 to Rs 44 per kg. Secretary Begwani said that after the new wheat comes to the market, the price will go down further.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Kumud Dugad, president of the association said that the government should demand 400,000 tons of wheat from the Indian government to prevent wheat shortage in the country in the future. He said that the demand for wheat should be placed immediately as the domestic production will barely last for five months. He says that the government should take timely action as it will take two months for the Indian government to fix the quota.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17124', 'image' => '20230328020529_1679959854.Clipboard12.jpg', 'article_date' => '2023-03-28 14:04:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17388', 'article_category_id' => '1', 'title' => 'First Coin and Banknotes Exhibition Begins ', 'sub_title' => '', 'summary' => 'March 28: Nepal's First International Coin and Banknotes exhibition has started from Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: Nepal's First International Coin and Banknotes exhibition has started from Monday. The three-day-long exhibition organized by Nepal Numismatic Society is ongoing at Nepal Arts Council, Babarmahal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Coins and notes from Lichchhavi, Malla and Shah dynasties are kept in the exhibition, according to the society's general secretary Dipendra Ratna Shakya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former Prime Minister and Chairman of CPN (Unified Socialist) Madhav Kumar Nepal inaugurated the exhibition. In the exhibition, the numismatics from India have also participated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The exhibition shall continue till Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The first paper note was issued in Nepal in 2002 BS. The notes of Rs 5, Rs 10 and Rs 100 were issued then with the sign of cashier Janakraj Pandit. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17123', 'image' => '20230328121409_coinnn.jpg', 'article_date' => '2023-03-28 12:13:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17386', 'article_category_id' => '1', 'title' => 'Coronavirus Infection Rises all of a Sudden', 'sub_title' => '', 'summary' => 'March 28: A sudden rise in the number of coronavirus infection was recorded in the country on Monday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: A sudden rise in the number of coronavirus infection was recorded in the country on Monday. Of the 1,266 people who were tested, 69 were found carrying the virus, according to the Ministry of Health and Population. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Just a day ago, on March 26, the number was 16 while 17 were found infected with the virus on March 25. As a result, the number of active cases of COVID-19 has also increased. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the number of infections increasing in neighbouring India, it has led to a rise in positive cases in Nepal due to the open border, according to the Director of Epidemiology and Disease Control Division Dr Chuman Lal Das. Most of the infected people are entering Nepal through the Trinagar border crossing at Dhangadhi in Kailali. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the health ministry has urged one and all to take caution and also get themselves booster dose of COVID-19 vaccine. Administration of booster dose is currently underway in different parts of the country including Kathmandu valley. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17121', 'image' => '20230328112141_20200315104642_20200312112722_111.jpg', 'article_date' => '2023-03-28 11:20:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17385', 'article_category_id' => '1', 'title' => 'Loan Shark Victims Demonstrate in Capital ', 'sub_title' => '', 'summary' => 'March 28: People who have fallen victims to illegal money lenders staged a protest in the federal capital on Monday, demanding laws to address their woes. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: People who have fallen victims to illegal money lenders staged a protest in the federal capital on Monday, demanding laws to address their woes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the demonstration organized under the leadership of the loan shark victims struggle committee, the protestors who gathered from outside the capital took to the street in front of Bir Hospital. They demanded action against the illegal money lenders, ending the informal borrowing system, and the release of the victims detained on false ground. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The loan shark victims arrived in Kathmandu on foot from different districts of the country. They were stopped by municipal police of Kathmandu metropolitan city from entering the khula manch (open theatre). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Manoj Paswan, the coordinator of the struggle committee, appealed for justice and lamented over the act of the KMC police to stop them from entering the open theatre. Even requests for permission from the District Administration Office fell into deaf ears. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17120', 'image' => '20230328111426_landsharksharkrQC7Jq3r_q1_RbQ_A.jpeg', 'article_date' => '2023-03-28 11:13:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17400', 'article_category_id' => '1', 'title' => 'Construction of Upper Solu Project Completed after a Decade', 'sub_title' => '', 'summary' => 'March 29: The construction of Upper Solu Hydropower Project, which started in 2013 after the electricity purchase and sale agreement in December 2012, has finally completed in March 2023.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">March 29: The construction of Upper Solu Hydropower Project, which started in 2013 after the electricity purchase and sale agreement in December 2012, has finally completed in March 2023.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The license of the project was revoked in August 2013 after a case was filed at the Commission for the Investigation of Abuse of Authority (CIAA) within 7 months of commencement of the project. But the promoter company Beni Hydropower Company managed to uphold the license of the project in October 2016.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The project, which was under construction since 2016, could not work without interruption for about three years due to the Covid-19 pandemic. Therefore, the company informed that the project got delayed and completed in March 2023.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Ganesh Karki, executive director of Beni Hydropower Company said that the project, which is estimated to cost Rs 3.5 billion, has been completed at a cost of just around Rs 180 million. He said that even though there were many obstacles, the cost of the project is less compared to other projects. Currently, the average cost of electricity projects is more than Rs 20 million per square meter.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Karki said that the dry test of the project, which was completed in Beni (Salleri) of Solukhumbu, started on March 27, Monday. He informed that there is a plan to test the project by producing electricity from next Friday and connect it to the transmission line of Nepal Electricity Authority by Sunday.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although the project has been approved with the target of generating 18 megawatts of electricity, the project is currently generating 19.8 megawatts of electricity. Karki said that it is possible to generate about additional 2 megawatts of electricity.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17135', 'image' => '20230329024221_upper solu.jpg', 'article_date' => '2023-03-29 14:41:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17399', 'article_category_id' => '1', 'title' => 'Dollar's Exchange Rate Lowest in Two Weeks', 'sub_title' => '', 'summary' => 'March 29: The exchange rate of the US dollar has dropped to the lowest point in two weeks, according to the foreign exchange rate set by the Nepal Rastra Bank (NRB) for Wednesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">March 29: The exchange rate of the US dollar has dropped to the lowest point in two weeks, according to the foreign exchange rate set by the Nepal Rastra Bank (NRB) for Wednesday. The selling rate of the dollar has dropped to Rs 131.81 on Wednesday. The selling rate of the US dollar set by NRB on Tuesday was Rs 132.1. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Prior to this, the lowest rate of US dollar was Rs 131.7 on March 14.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Banks sold dollars between Rs 131.7 and Rs 131.9. This also indicated that the value of the dollar will decrease on Wednesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Along with the US dollar, the selling price of the Chinese Yuan has also decreased. However, there is only a difference of four paise between the selling price of Yuan on Tuesday and Wednesday. The selling price of the Chinese Yuan which was Rs 19.19 on Tuesday, dropped to Rs 19.15 on Wednesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">On Wednesday, the exchange rate of the euro increased. The selling rate of Euro for Wednesday has been fixed at Rs 142.62. On Tuesday, the selling rate of Euro was Rs 142.21. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17134', 'image' => '20230329012611_1680049755.Clipboard06.jpg', 'article_date' => '2023-03-29 13:25:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17398', 'article_category_id' => '1', 'title' => 'Government to Enact Law Criminalizing Usury ', 'sub_title' => '', 'summary' => 'March 29: The government is preparing to introduce a law criminalizing the act of usury. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 29: The government is preparing to introduce a law criminalizing the act of usury. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers on Tuesday decided to move ahead the due process to amend the Criminal (Code) Act, 2074 to declare the practice of money lending at unreasonably high interest rate as a crime. The cabinet meeting decided to enact the necessary legal provisions and thereby take necessary action against the perpetrators, said the prime minister's press expert Manohari Timalsina. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The decision of the government is meant to address the demands of the victims of usury currently protesting in Kathmandu, after gathering from various districts of Tarai, for justice. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The people reportedly victimized by the illegal act travelled by foot for 11 days from different districts of Tarai to reach the federal capital, and thereby draw the attention of the government towards their plight. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the government has formed a team led by Joint Secretary at the Ministry of Home Affairs Rudra Devi Sharma to address their problems. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17133', 'image' => '20230329123009_iStock-661608502_md-750x380.jpg', 'article_date' => '2023-03-29 12:29:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17397', 'article_category_id' => '1', 'title' => 'Earthquake Jolts Taplejung ', 'sub_title' => '', 'summary' => 'March 29: An earthquake rocked eastern mountainous district of Nepal, Taplejung, last night. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 29: An earthquake rocked eastern mountainous district of Nepal, Taplejung, last night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the National Centre for Seismology, an earthquake measuring 4.6 magnitude occurred at 11.41 pm on Tuesday night with its epicenter at Syao, Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The tremor was felt in several districts of eastern Nepal. The eastern and western districts of Nepal have been experiencing frequent earthquakes of late. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17132', 'image' => '20230329121710_earth.jpg', 'article_date' => '2023-03-29 12:16:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17396', 'article_category_id' => '1', 'title' => 'Government’s T-Bills Obligation on the Rise', 'sub_title' => '', 'summary' => 'March 29: The obligation of the Treasury Bills (T bills) that the government has been issuing to collect internal debts has been on the rise every year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 29: The obligation of the Treasury Bills (T bills) that the government has been issuing to collect internal debts has been on the rise every year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The fiscal liability incurred from the T-bills has sharply increased due to the rollover and the government’s failure to pay back the principal amount. The government issues the T-bills as a short-term bond to raise funds for the period less than a year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Public Debt Management Office, the government's obligation for the internal debt is likely to exceed Rs 473 billion. Under Secretary at the Office Dilaram Giri said that the Office has sought Rs 100 billion from the government to pay back some percent of the total amount in the upcoming fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We have asked to prioritize the clearance of the principal amount of the debt. The amount was sought to pay back the debt amount of the Treasury Bills by 25 per cent every year," he added.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Office, a total of Rs 337 billion has been sought from the government in the next fiscal year (FY 2023/24) for the fiscal management to repay both the internal and external debts' principal amount and interest. However, the government is not in a position to provide the amount as asked by the Office due to the low revenue collection.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Assistant spokesperson of Nepal Rastra Bank (NRB), Narayan Prasad Pokharel said that some 80 to 90 per cent of the T-bills have been rolled over so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"The internal debt should be raised as targeted by the budget. But, the government can ask not to continue it if sufficient revenue is collected and other sources of budget have been explored," Pokharel argued.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">From the payment of the T-bills, the banks and financial institutions will have sufficient liquidity and that could contribute to lower the interest rate. However, the BFIs seem more focused on investing in the T-bills.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB on Tuesday is issuing Treasury Bills of Rs 22.10 billion to raise internal loans and the maturity time for the amount ranges from 28 to 364 days.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the Public Debt Management Office, the government's sovereign debt is Rs 2070.53 billion including Rs 968.1 billion internal debt.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17131', 'image' => '20230329093223_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-03-29 09:31:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17395', 'article_category_id' => '1', 'title' => 'Twenty-two Cases Filed With Banke DAO Against Loan Sharks ', 'sub_title' => '', 'summary' => 'A total of 22 cases have been registered with District Administration Office Banke against loan sharks.', 'content' => '<p><br /> <span style="font-size:18px">March 29: A total of 22 cases have been registered with District Administration Office Banke against loan sharks. </span></p> <p><span style="font-size:18px">Out of the total cases related to usury, fifteen cases have reached the court, reconciliation(milapatra) has been done in two cases, two have been sent to the police, one loan shark has not come into contact and two cases have not been probed yet, according to Banke DAO.</span></p> <p><span style="font-size:18px">Banke CDO Bipin Acharya said the district does not have serious problems of loan sharks. “Banke does not have big problems of loan sharking as in the eastern Nepal. And we have forwarded the action against loan sharks on a regular basis,” Acharya informed. </span></p> <p><span style="font-size:18px">CDO Acharya said that usury cases that have reached the court will be settled by the court itself.<br /> Following the government call to the loan shark victims to register their cases, Banke DAO had begun a probe into usury cases. </span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17130', 'image' => '20230329065714_collage (42).jpg', 'article_date' => '2023-03-29 06:54:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '17394', 'article_category_id' => '1', 'title' => 'Industries Polluting Sirsiya River Booked in Birgunj', 'sub_title' => '', 'summary' => 'The Birgunj Metropolitan City has begun tightening the noose against industries polluting the Sirsiya River in the metropolis. Five industries have been fined for defying the repeated warnings from the Metropolitan City for contaminating the river.', 'content' => '<p><br /> <span style="font-size:18px">March 29: The Birgunj Metropolitan City has begun tightening the noose against industries polluting the Sirsiya River in the metropolis. Five industries have been fined for defying the repeated warnings from the Metropolitan City for contaminating the river. </span></p> <p><span style="font-size:18px">Each industry was fined Rs 300,000 for causing pollution. The metropolitan office swung into action after videos of people worshipping in the polluted River during the last Chhat Puja and locals expressing displeasure over it went viral on social media.</span></p> <p><span style="font-size:18px">The Metropolitan City took action against the Global Leather Industry, Arnika Processing Industry, Shree Siddi Textiles, Moriam Leather Industry at ward no 21 and Durga Pulp and Paper in ward no 32. </span></p> <p><span style="font-size:18px">All these industries are situated at Birgunj-Pathalaiya Industrial Corridor. Letters have been sent to these industries to submit the penalty within a week, said Laxmi Prasad Poudel, the Chief Administrative Officer of the Metropolitan City. </span></p> <p><span style="font-size:18px">Five industries were penalized as per the Protection of Environment and Natural Resource Act-2077 BS. Birgunj Mayor Rajesh Man Singh dubbed the Sirsiya River as a 'lifeline' to Birgunj city and warned that the city would continue keeping an eye over those industries and people trying to sully the purity of the river. </span></p> <p><span style="font-size:18px">The river contamination has adversely affected people from over a dozen villages such as Simara, Ramauli in Bara district, Sirsiya, Tajpur, Ramgadhawa in Parsa district, Ramban, Ashokbatika, Bindabasini among others in Birgunj Metropolitan City.</span><br /> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17129', 'image' => '20230329063236_collage (41).jpg', 'article_date' => '2023-03-29 06:29:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '17393', 'article_category_id' => '1', 'title' => 'Better Home Appliances Rewards Its Best Retailers With Trip to Thailand ', 'sub_title' => '', 'summary' => 'Better Home Appliances, an electronic and home appliance brand under Ravi and Sunny Industries Pvt. Ltd., sent its top retailers with the highest sales on a 5-day trip to Thailand on March 27, 2023.', 'content' => '<p><span style="font-size:18px">March 28: Better Home Appliances, an electronic and home appliance brand under Ravi and Sunny Industries Pvt. Ltd., sent its top retailers with the highest sales on a 5-day trip to Thailand on March 27, 2023.</span></p> <p><span style="font-size:18px"> The retailers were rewarded with the trip for having the highest number of sales in the last fiscal year. Despite the tough times, Better offered the trip to its retailers to encourage and motivate them to work harder and sell more in the days to come. </span></p> <p><span style="font-size:18px"> “We want to uplift our retailers and let them know that no matter what, we’ve got their back. We are grateful to have received such dedication from them and wanted to show our appreciation,” said Sunny Rauniyar, Co-Founder and COO of Better Home Appliances. </span></p> <p><span style="font-size:18px">Better Home Appliances offers various kinds of electronics and home appliances such as pressure cookers, rice cookers, irons, induction stoves, infrared stoves, electric jugs, fans, heaters, etc., in Nepali market. </span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17128', 'image' => '20230328052404_collage - 2023-03-28T172349.199.jpg', 'article_date' => '2023-03-28 17:20:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '17392', 'article_category_id' => '237', 'title' => 'CEO Manoj Thapa at Janaki Technology, SPARROW SMS, Receives Professional Excellence Award', 'sub_title' => '', 'summary' => 'Chief Executive Officer Manoj Thapa at Janaki Technology, SPARROW SMS, was felicitated with the Professional Excellence Award on the premises of Lovely Professional University in Jalandhar, India. ', 'content' => '<p><br /> <span style="font-size:18px"> March 28: Chief Executive Officer Manoj Thapa at Janaki Technology, SPARROW SMS, was felicitated with the Professional Excellence Award on the premises of Lovely Professional University in Jalandhar, India. </span></p> <p><span style="font-size:18px">Ashok Mittal, Rajya Sabha Member of Parliament from Aam Aadmi Party (AAP) India and Rashmi Mittal, Pro Chancellor of Lovely Professional University (LPU) had presented the award to CEO Thapa. </span></p> <p><span style="font-size:18px">The Professional Excellence Award recognizes individuals for their exceptional contributions to their respective fields. Manoj Thapa was felicitated with excellence award in recognition of his professional excellence in technology and telecommunications Value-Added Services (VAS).</span></p> <p><span style="font-size:18px">Manoj Thapa completed his Master of Business Administration (MBA) from Lovely Professional University in 2015. He joined Janaki Technology, SPARROW SMS, in 2022 and has been leading the company by bringing out innovative products in the telecommunications VAS space. </span></p> <p><span style="font-size:18px">Under his leadership, Janaki Technology, SPARROW SMS has grown exponentially and established itself as a leading provider of telecommunications VAS solutions in Nepal. Thapa is widely respected in the information and technology industry for his deep understanding of the market and his ability to translate customer needs into innovative solutions. He has also been recognized for his contribution to the growth of the technology industry in Nepal.</span></p> <p><span style="font-size:18px">"The excellence award is a testament to the hard work and dedication of the entire team at Janaki Technology, SPARROW SMS. We will continue to innovate and provide our customers with cutting-edge solutions in the telecommunications VAS space,” said CEO Thapa. </span></p> <p><span style="font-size:18px">Lovely Professional University is one of India's leading universities, known for its academic excellence and commitment to fostering innovative thinking. The university is reputed for producing talented leaders in different fields. </span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17127', 'image' => '20230328045422_collage - 2023-03-28T164931.676.jpg', 'article_date' => '2023-03-28 16:46:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '17391', 'article_category_id' => '1', 'title' => 'DPR of Raxaul-Kathmandu Railway being Prepared within a Month', 'sub_title' => '', 'summary' => 'March 28: A technical team from India is preparing the Detailed Project Report (DPR) of the Raxaul-Kathmandu Railway. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: A technical team from India is preparing the Detailed Project Report (DPR) of the Raxaul-Kathmandu Railway. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Nepal Railway Company Limited, the DPR of the 136-km railway is being prepared after completing the feasibility study. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The state-owned Nepal Railway confirmed that a technical team of Indian Railway Company Corporation is preparing the DPR of the railway. General Manager of Nepal Railway Company Limited, Niranjan Kumar Jha, said, "The DPR will be prepared within a month." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Construction of the railway would take momentum after the approval of the DPR. Nepal had sent an official proposal to India two years ago to prepare the DPR after Nepal and India signed the memorandum of understanding for the feasibility study of the Raxaul-Kathmandu railway on September 1, 2019. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DPR is being prepared as per the proposal, added Jha. The Indian Railway Company, Konkan, had prepared the feasibility report in coordination with the Government of Nepal in eight months. As per the preliminary study, a tunnel and special types of bridges would be constructed along the 136-km long railway. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17126', 'image' => '20230328044124_20210914112433_20190325112130_Clipboard43-5.jpg', 'article_date' => '2023-03-28 16:40:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17390', 'article_category_id' => '1', 'title' => 'Food Bank Preparing to set up Organic Fertilizer Factory', 'sub_title' => '', 'summary' => 'March 28: The National Food Bank Limited is preparing to open an organic fertilizer factory. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">March 28: The National Food Bank Limited is preparing to open an organic fertilizer factory. The bank, which was established with the aim of reducing dependence on agricultural products by producing organic products, said that since the country is completely dependent on chemical fertilizers, billions of rupees are lost every year. So, it is preparing to establish a natural fertilizer factory.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The company informed that studies are currently being conducted at various stages with the involvement of experts for the establishment of the factory. The chairman of the bank, Sankarnath Upreti informed that the study has been initiated for the establishment of an organic fertilizer factory so that organic fertilizers can be provided to more than 100,000 farmers associated with the food bank within the next few years. He said that plan is to gradually expand it nationwide.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Upreti said, “We are also studying its potential in Nepal by collaborating with companies that are producing organic fertilizers in countries like China, South Korea, and Japan. Preliminary studies have shown a lot of potential and its production cost seems to be much cheaper than chemical fertilizers.” </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Upreti, Korean companies have also shown interest in collaborating on this. He added, “That's why we will cooperate with them and advance the work.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Agricultural production is almost impossible without chemical fertilizers. At this time, more than half of the total budget allocated by the government for agriculture is spent on buying chemical fertilizers, so there is a risk that the budget will not go to other areas of agriculture.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Upreti, the organic fertilizer factory can be the best option to reduce the dependency on chemical fertilizers as the budget will be spent on chemical fertilizers and there is a growing threat of the development of agricultural infrastructure being delayed. That is why the Food Bank has taken the initiative to start it.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The bank informed that organic manure, vegetable manure made from Azola plant, cattle manure, earthworm manure etc. are being studied as alternatives among the organic fertilizers in use in Nepal. The possibility of producing fertilizers in high-tech factories in a modern way and increasing the production capacity and bringing them to the market in the form of grains or bags is being explored.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Mohan Prasad Panthi, botanist at the Food Bank, the soil has deteriorated due to the increasing use of chemical fertilizers. The soil will not loosen up for crop cultivation if chemical fertilizer is not used in even small amount. Therefore the dependency on chemical fertilizers can be gradually removed by using 50 percent chemical and 50 percent organic fertilizers in the first year, 60 percent organic and 40 percent chemical in the second year, 70 percent organic and 30 percent chemical in the third year, and 100 percent organic fertilizers in the fourth or fifth year. If only organic fertilizers are used at once, there is a risk of decreasing production rather than increasing it. Therefore, special attention should be paid to the use.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Now in Nepal, various organizations and companies are producing organic fertilizers in small quantities. Those fertilizers are more expensive than the crop itself and do not even give good results. Therefore, it seems necessary to expand its capacity. The organic fertilizer that the bank is trying to produce will have the same nutritional capacity for different crops including fruits, vegetables and grains.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17125', 'image' => '20230328034545_organic-farming.jpg', 'article_date' => '2023-03-28 15:45:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17389', 'article_category_id' => '1', 'title' => 'Deadline for Bringing 17,000 Tons of Wheat from India Extended', 'sub_title' => '', 'summary' => 'March 28: The Indian Embassy has extended the deadline for exporting wheat to Nepal until May 31.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 28: The Indian Embassy has extended the deadline for exporting wheat to Nepal until May 31.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Earlier, the Government of India had fixed the date of March 31 for Nepali traders to purchase 16,951 tons out of the quota of 50,000 metric tons of wheat allocated for export to Nepal. This amount of wheat was allocated especially for traders. Meanwhile, 33,049 tons of wheat belonging to the industrialists has already entered Nepal, resulting in decline in prices of flour.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Out of the quota distributed by the Ministry of Industry, Commerce and Supply, 22 business firms are yet to bring wheat. Officials of the Morang Merchants’ Association had requested Indian Ambassador Naveen Srivastava to extend deadline during his recent visit to Biratnagar. The association had also written to the Indian embassy to extend the deadline. Upon their request, the embassy extended the deadline by two months for the import of about 17,000 tons of wheat. Secretary of Nepal Flour Mills Association and Vice President of Morang Merchants’ Association Bikash Begwani said that the decision of the Indian Embassy has resolved the problem of shortage of wheat in Nepal to some extent.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The current price of wheat in Nepal is Rs 48 per kg. Before the arrival of wheat from India, its price was Rs 65 per kg. In India, wheat is now available at Rs 38 per kg. After 10 days, a new batch of wheat will hit Nepali and Indian markets. The association expects the price to remain at Rs 40 per kg in Nepal and Rs 32 per kg in India.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">After the arrival of wheat from India, the price of flour has also decreased from Rs 85 to Rs 67 per kg and the price of bran dropped from Rs 56 to Rs 44 per kg. Secretary Begwani said that after the new wheat comes to the market, the price will go down further.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Kumud Dugad, president of the association said that the government should demand 400,000 tons of wheat from the Indian government to prevent wheat shortage in the country in the future. He said that the demand for wheat should be placed immediately as the domestic production will barely last for five months. He says that the government should take timely action as it will take two months for the Indian government to fix the quota.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17124', 'image' => '20230328020529_1679959854.Clipboard12.jpg', 'article_date' => '2023-03-28 14:04:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17388', 'article_category_id' => '1', 'title' => 'First Coin and Banknotes Exhibition Begins ', 'sub_title' => '', 'summary' => 'March 28: Nepal's First International Coin and Banknotes exhibition has started from Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: Nepal's First International Coin and Banknotes exhibition has started from Monday. The three-day-long exhibition organized by Nepal Numismatic Society is ongoing at Nepal Arts Council, Babarmahal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Coins and notes from Lichchhavi, Malla and Shah dynasties are kept in the exhibition, according to the society's general secretary Dipendra Ratna Shakya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former Prime Minister and Chairman of CPN (Unified Socialist) Madhav Kumar Nepal inaugurated the exhibition. In the exhibition, the numismatics from India have also participated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The exhibition shall continue till Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The first paper note was issued in Nepal in 2002 BS. The notes of Rs 5, Rs 10 and Rs 100 were issued then with the sign of cashier Janakraj Pandit. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17123', 'image' => '20230328121409_coinnn.jpg', 'article_date' => '2023-03-28 12:13:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17386', 'article_category_id' => '1', 'title' => 'Coronavirus Infection Rises all of a Sudden', 'sub_title' => '', 'summary' => 'March 28: A sudden rise in the number of coronavirus infection was recorded in the country on Monday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: A sudden rise in the number of coronavirus infection was recorded in the country on Monday. Of the 1,266 people who were tested, 69 were found carrying the virus, according to the Ministry of Health and Population. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Just a day ago, on March 26, the number was 16 while 17 were found infected with the virus on March 25. As a result, the number of active cases of COVID-19 has also increased. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the number of infections increasing in neighbouring India, it has led to a rise in positive cases in Nepal due to the open border, according to the Director of Epidemiology and Disease Control Division Dr Chuman Lal Das. Most of the infected people are entering Nepal through the Trinagar border crossing at Dhangadhi in Kailali. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the health ministry has urged one and all to take caution and also get themselves booster dose of COVID-19 vaccine. Administration of booster dose is currently underway in different parts of the country including Kathmandu valley. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17121', 'image' => '20230328112141_20200315104642_20200312112722_111.jpg', 'article_date' => '2023-03-28 11:20:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17385', 'article_category_id' => '1', 'title' => 'Loan Shark Victims Demonstrate in Capital ', 'sub_title' => '', 'summary' => 'March 28: People who have fallen victims to illegal money lenders staged a protest in the federal capital on Monday, demanding laws to address their woes. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: People who have fallen victims to illegal money lenders staged a protest in the federal capital on Monday, demanding laws to address their woes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the demonstration organized under the leadership of the loan shark victims struggle committee, the protestors who gathered from outside the capital took to the street in front of Bir Hospital. They demanded action against the illegal money lenders, ending the informal borrowing system, and the release of the victims detained on false ground. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The loan shark victims arrived in Kathmandu on foot from different districts of the country. They were stopped by municipal police of Kathmandu metropolitan city from entering the khula manch (open theatre). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Manoj Paswan, the coordinator of the struggle committee, appealed for justice and lamented over the act of the KMC police to stop them from entering the open theatre. Even requests for permission from the District Administration Office fell into deaf ears. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17120', 'image' => '20230328111426_landsharksharkrQC7Jq3r_q1_RbQ_A.jpeg', 'article_date' => '2023-03-28 11:13:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17400', 'article_category_id' => '1', 'title' => 'Construction of Upper Solu Project Completed after a Decade', 'sub_title' => '', 'summary' => 'March 29: The construction of Upper Solu Hydropower Project, which started in 2013 after the electricity purchase and sale agreement in December 2012, has finally completed in March 2023.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">March 29: The construction of Upper Solu Hydropower Project, which started in 2013 after the electricity purchase and sale agreement in December 2012, has finally completed in March 2023.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The license of the project was revoked in August 2013 after a case was filed at the Commission for the Investigation of Abuse of Authority (CIAA) within 7 months of commencement of the project. But the promoter company Beni Hydropower Company managed to uphold the license of the project in October 2016.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The project, which was under construction since 2016, could not work without interruption for about three years due to the Covid-19 pandemic. Therefore, the company informed that the project got delayed and completed in March 2023.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Ganesh Karki, executive director of Beni Hydropower Company said that the project, which is estimated to cost Rs 3.5 billion, has been completed at a cost of just around Rs 180 million. He said that even though there were many obstacles, the cost of the project is less compared to other projects. Currently, the average cost of electricity projects is more than Rs 20 million per square meter.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Karki said that the dry test of the project, which was completed in Beni (Salleri) of Solukhumbu, started on March 27, Monday. He informed that there is a plan to test the project by producing electricity from next Friday and connect it to the transmission line of Nepal Electricity Authority by Sunday.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although the project has been approved with the target of generating 18 megawatts of electricity, the project is currently generating 19.8 megawatts of electricity. Karki said that it is possible to generate about additional 2 megawatts of electricity.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17135', 'image' => '20230329024221_upper solu.jpg', 'article_date' => '2023-03-29 14:41:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17399', 'article_category_id' => '1', 'title' => 'Dollar's Exchange Rate Lowest in Two Weeks', 'sub_title' => '', 'summary' => 'March 29: The exchange rate of the US dollar has dropped to the lowest point in two weeks, according to the foreign exchange rate set by the Nepal Rastra Bank (NRB) for Wednesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">March 29: The exchange rate of the US dollar has dropped to the lowest point in two weeks, according to the foreign exchange rate set by the Nepal Rastra Bank (NRB) for Wednesday. The selling rate of the dollar has dropped to Rs 131.81 on Wednesday. The selling rate of the US dollar set by NRB on Tuesday was Rs 132.1. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Prior to this, the lowest rate of US dollar was Rs 131.7 on March 14.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Banks sold dollars between Rs 131.7 and Rs 131.9. This also indicated that the value of the dollar will decrease on Wednesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Along with the US dollar, the selling price of the Chinese Yuan has also decreased. However, there is only a difference of four paise between the selling price of Yuan on Tuesday and Wednesday. The selling price of the Chinese Yuan which was Rs 19.19 on Tuesday, dropped to Rs 19.15 on Wednesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">On Wednesday, the exchange rate of the euro increased. The selling rate of Euro for Wednesday has been fixed at Rs 142.62. On Tuesday, the selling rate of Euro was Rs 142.21. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17134', 'image' => '20230329012611_1680049755.Clipboard06.jpg', 'article_date' => '2023-03-29 13:25:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17398', 'article_category_id' => '1', 'title' => 'Government to Enact Law Criminalizing Usury ', 'sub_title' => '', 'summary' => 'March 29: The government is preparing to introduce a law criminalizing the act of usury. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 29: The government is preparing to introduce a law criminalizing the act of usury. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers on Tuesday decided to move ahead the due process to amend the Criminal (Code) Act, 2074 to declare the practice of money lending at unreasonably high interest rate as a crime. The cabinet meeting decided to enact the necessary legal provisions and thereby take necessary action against the perpetrators, said the prime minister's press expert Manohari Timalsina. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The decision of the government is meant to address the demands of the victims of usury currently protesting in Kathmandu, after gathering from various districts of Tarai, for justice. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The people reportedly victimized by the illegal act travelled by foot for 11 days from different districts of Tarai to reach the federal capital, and thereby draw the attention of the government towards their plight. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the government has formed a team led by Joint Secretary at the Ministry of Home Affairs Rudra Devi Sharma to address their problems. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17133', 'image' => '20230329123009_iStock-661608502_md-750x380.jpg', 'article_date' => '2023-03-29 12:29:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17397', 'article_category_id' => '1', 'title' => 'Earthquake Jolts Taplejung ', 'sub_title' => '', 'summary' => 'March 29: An earthquake rocked eastern mountainous district of Nepal, Taplejung, last night. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 29: An earthquake rocked eastern mountainous district of Nepal, Taplejung, last night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the National Centre for Seismology, an earthquake measuring 4.6 magnitude occurred at 11.41 pm on Tuesday night with its epicenter at Syao, Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The tremor was felt in several districts of eastern Nepal. The eastern and western districts of Nepal have been experiencing frequent earthquakes of late. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17132', 'image' => '20230329121710_earth.jpg', 'article_date' => '2023-03-29 12:16:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17396', 'article_category_id' => '1', 'title' => 'Government’s T-Bills Obligation on the Rise', 'sub_title' => '', 'summary' => 'March 29: The obligation of the Treasury Bills (T bills) that the government has been issuing to collect internal debts has been on the rise every year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 29: The obligation of the Treasury Bills (T bills) that the government has been issuing to collect internal debts has been on the rise every year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The fiscal liability incurred from the T-bills has sharply increased due to the rollover and the government’s failure to pay back the principal amount. The government issues the T-bills as a short-term bond to raise funds for the period less than a year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Public Debt Management Office, the government's obligation for the internal debt is likely to exceed Rs 473 billion. Under Secretary at the Office Dilaram Giri said that the Office has sought Rs 100 billion from the government to pay back some percent of the total amount in the upcoming fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We have asked to prioritize the clearance of the principal amount of the debt. The amount was sought to pay back the debt amount of the Treasury Bills by 25 per cent every year," he added.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Office, a total of Rs 337 billion has been sought from the government in the next fiscal year (FY 2023/24) for the fiscal management to repay both the internal and external debts' principal amount and interest. However, the government is not in a position to provide the amount as asked by the Office due to the low revenue collection.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Assistant spokesperson of Nepal Rastra Bank (NRB), Narayan Prasad Pokharel said that some 80 to 90 per cent of the T-bills have been rolled over so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"The internal debt should be raised as targeted by the budget. But, the government can ask not to continue it if sufficient revenue is collected and other sources of budget have been explored," Pokharel argued.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">From the payment of the T-bills, the banks and financial institutions will have sufficient liquidity and that could contribute to lower the interest rate. However, the BFIs seem more focused on investing in the T-bills.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB on Tuesday is issuing Treasury Bills of Rs 22.10 billion to raise internal loans and the maturity time for the amount ranges from 28 to 364 days.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the Public Debt Management Office, the government's sovereign debt is Rs 2070.53 billion including Rs 968.1 billion internal debt.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17131', 'image' => '20230329093223_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-03-29 09:31:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17395', 'article_category_id' => '1', 'title' => 'Twenty-two Cases Filed With Banke DAO Against Loan Sharks ', 'sub_title' => '', 'summary' => 'A total of 22 cases have been registered with District Administration Office Banke against loan sharks.', 'content' => '<p><br /> <span style="font-size:18px">March 29: A total of 22 cases have been registered with District Administration Office Banke against loan sharks. </span></p> <p><span style="font-size:18px">Out of the total cases related to usury, fifteen cases have reached the court, reconciliation(milapatra) has been done in two cases, two have been sent to the police, one loan shark has not come into contact and two cases have not been probed yet, according to Banke DAO.</span></p> <p><span style="font-size:18px">Banke CDO Bipin Acharya said the district does not have serious problems of loan sharks. “Banke does not have big problems of loan sharking as in the eastern Nepal. And we have forwarded the action against loan sharks on a regular basis,” Acharya informed. </span></p> <p><span style="font-size:18px">CDO Acharya said that usury cases that have reached the court will be settled by the court itself.<br /> Following the government call to the loan shark victims to register their cases, Banke DAO had begun a probe into usury cases. </span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17130', 'image' => '20230329065714_collage (42).jpg', 'article_date' => '2023-03-29 06:54:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '17394', 'article_category_id' => '1', 'title' => 'Industries Polluting Sirsiya River Booked in Birgunj', 'sub_title' => '', 'summary' => 'The Birgunj Metropolitan City has begun tightening the noose against industries polluting the Sirsiya River in the metropolis. Five industries have been fined for defying the repeated warnings from the Metropolitan City for contaminating the river.', 'content' => '<p><br /> <span style="font-size:18px">March 29: The Birgunj Metropolitan City has begun tightening the noose against industries polluting the Sirsiya River in the metropolis. Five industries have been fined for defying the repeated warnings from the Metropolitan City for contaminating the river. </span></p> <p><span style="font-size:18px">Each industry was fined Rs 300,000 for causing pollution. The metropolitan office swung into action after videos of people worshipping in the polluted River during the last Chhat Puja and locals expressing displeasure over it went viral on social media.</span></p> <p><span style="font-size:18px">The Metropolitan City took action against the Global Leather Industry, Arnika Processing Industry, Shree Siddi Textiles, Moriam Leather Industry at ward no 21 and Durga Pulp and Paper in ward no 32. </span></p> <p><span style="font-size:18px">All these industries are situated at Birgunj-Pathalaiya Industrial Corridor. Letters have been sent to these industries to submit the penalty within a week, said Laxmi Prasad Poudel, the Chief Administrative Officer of the Metropolitan City. </span></p> <p><span style="font-size:18px">Five industries were penalized as per the Protection of Environment and Natural Resource Act-2077 BS. Birgunj Mayor Rajesh Man Singh dubbed the Sirsiya River as a 'lifeline' to Birgunj city and warned that the city would continue keeping an eye over those industries and people trying to sully the purity of the river. </span></p> <p><span style="font-size:18px">The river contamination has adversely affected people from over a dozen villages such as Simara, Ramauli in Bara district, Sirsiya, Tajpur, Ramgadhawa in Parsa district, Ramban, Ashokbatika, Bindabasini among others in Birgunj Metropolitan City.</span><br /> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17129', 'image' => '20230329063236_collage (41).jpg', 'article_date' => '2023-03-29 06:29:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '17393', 'article_category_id' => '1', 'title' => 'Better Home Appliances Rewards Its Best Retailers With Trip to Thailand ', 'sub_title' => '', 'summary' => 'Better Home Appliances, an electronic and home appliance brand under Ravi and Sunny Industries Pvt. Ltd., sent its top retailers with the highest sales on a 5-day trip to Thailand on March 27, 2023.', 'content' => '<p><span style="font-size:18px">March 28: Better Home Appliances, an electronic and home appliance brand under Ravi and Sunny Industries Pvt. Ltd., sent its top retailers with the highest sales on a 5-day trip to Thailand on March 27, 2023.</span></p> <p><span style="font-size:18px"> The retailers were rewarded with the trip for having the highest number of sales in the last fiscal year. Despite the tough times, Better offered the trip to its retailers to encourage and motivate them to work harder and sell more in the days to come. </span></p> <p><span style="font-size:18px"> “We want to uplift our retailers and let them know that no matter what, we’ve got their back. We are grateful to have received such dedication from them and wanted to show our appreciation,” said Sunny Rauniyar, Co-Founder and COO of Better Home Appliances. </span></p> <p><span style="font-size:18px">Better Home Appliances offers various kinds of electronics and home appliances such as pressure cookers, rice cookers, irons, induction stoves, infrared stoves, electric jugs, fans, heaters, etc., in Nepali market. </span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17128', 'image' => '20230328052404_collage - 2023-03-28T172349.199.jpg', 'article_date' => '2023-03-28 17:20:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '17392', 'article_category_id' => '237', 'title' => 'CEO Manoj Thapa at Janaki Technology, SPARROW SMS, Receives Professional Excellence Award', 'sub_title' => '', 'summary' => 'Chief Executive Officer Manoj Thapa at Janaki Technology, SPARROW SMS, was felicitated with the Professional Excellence Award on the premises of Lovely Professional University in Jalandhar, India. ', 'content' => '<p><br /> <span style="font-size:18px"> March 28: Chief Executive Officer Manoj Thapa at Janaki Technology, SPARROW SMS, was felicitated with the Professional Excellence Award on the premises of Lovely Professional University in Jalandhar, India. </span></p> <p><span style="font-size:18px">Ashok Mittal, Rajya Sabha Member of Parliament from Aam Aadmi Party (AAP) India and Rashmi Mittal, Pro Chancellor of Lovely Professional University (LPU) had presented the award to CEO Thapa. </span></p> <p><span style="font-size:18px">The Professional Excellence Award recognizes individuals for their exceptional contributions to their respective fields. Manoj Thapa was felicitated with excellence award in recognition of his professional excellence in technology and telecommunications Value-Added Services (VAS).</span></p> <p><span style="font-size:18px">Manoj Thapa completed his Master of Business Administration (MBA) from Lovely Professional University in 2015. He joined Janaki Technology, SPARROW SMS, in 2022 and has been leading the company by bringing out innovative products in the telecommunications VAS space. </span></p> <p><span style="font-size:18px">Under his leadership, Janaki Technology, SPARROW SMS has grown exponentially and established itself as a leading provider of telecommunications VAS solutions in Nepal. Thapa is widely respected in the information and technology industry for his deep understanding of the market and his ability to translate customer needs into innovative solutions. He has also been recognized for his contribution to the growth of the technology industry in Nepal.</span></p> <p><span style="font-size:18px">"The excellence award is a testament to the hard work and dedication of the entire team at Janaki Technology, SPARROW SMS. We will continue to innovate and provide our customers with cutting-edge solutions in the telecommunications VAS space,” said CEO Thapa. </span></p> <p><span style="font-size:18px">Lovely Professional University is one of India's leading universities, known for its academic excellence and commitment to fostering innovative thinking. The university is reputed for producing talented leaders in different fields. </span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17127', 'image' => '20230328045422_collage - 2023-03-28T164931.676.jpg', 'article_date' => '2023-03-28 16:46:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '17391', 'article_category_id' => '1', 'title' => 'DPR of Raxaul-Kathmandu Railway being Prepared within a Month', 'sub_title' => '', 'summary' => 'March 28: A technical team from India is preparing the Detailed Project Report (DPR) of the Raxaul-Kathmandu Railway. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: A technical team from India is preparing the Detailed Project Report (DPR) of the Raxaul-Kathmandu Railway. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Nepal Railway Company Limited, the DPR of the 136-km railway is being prepared after completing the feasibility study. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The state-owned Nepal Railway confirmed that a technical team of Indian Railway Company Corporation is preparing the DPR of the railway. General Manager of Nepal Railway Company Limited, Niranjan Kumar Jha, said, "The DPR will be prepared within a month." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Construction of the railway would take momentum after the approval of the DPR. Nepal had sent an official proposal to India two years ago to prepare the DPR after Nepal and India signed the memorandum of understanding for the feasibility study of the Raxaul-Kathmandu railway on September 1, 2019. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DPR is being prepared as per the proposal, added Jha. The Indian Railway Company, Konkan, had prepared the feasibility report in coordination with the Government of Nepal in eight months. As per the preliminary study, a tunnel and special types of bridges would be constructed along the 136-km long railway. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17126', 'image' => '20230328044124_20210914112433_20190325112130_Clipboard43-5.jpg', 'article_date' => '2023-03-28 16:40:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17390', 'article_category_id' => '1', 'title' => 'Food Bank Preparing to set up Organic Fertilizer Factory', 'sub_title' => '', 'summary' => 'March 28: The National Food Bank Limited is preparing to open an organic fertilizer factory. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">March 28: The National Food Bank Limited is preparing to open an organic fertilizer factory. The bank, which was established with the aim of reducing dependence on agricultural products by producing organic products, said that since the country is completely dependent on chemical fertilizers, billions of rupees are lost every year. So, it is preparing to establish a natural fertilizer factory.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The company informed that studies are currently being conducted at various stages with the involvement of experts for the establishment of the factory. The chairman of the bank, Sankarnath Upreti informed that the study has been initiated for the establishment of an organic fertilizer factory so that organic fertilizers can be provided to more than 100,000 farmers associated with the food bank within the next few years. He said that plan is to gradually expand it nationwide.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Upreti said, “We are also studying its potential in Nepal by collaborating with companies that are producing organic fertilizers in countries like China, South Korea, and Japan. Preliminary studies have shown a lot of potential and its production cost seems to be much cheaper than chemical fertilizers.” </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Upreti, Korean companies have also shown interest in collaborating on this. He added, “That's why we will cooperate with them and advance the work.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Agricultural production is almost impossible without chemical fertilizers. At this time, more than half of the total budget allocated by the government for agriculture is spent on buying chemical fertilizers, so there is a risk that the budget will not go to other areas of agriculture.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Upreti, the organic fertilizer factory can be the best option to reduce the dependency on chemical fertilizers as the budget will be spent on chemical fertilizers and there is a growing threat of the development of agricultural infrastructure being delayed. That is why the Food Bank has taken the initiative to start it.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The bank informed that organic manure, vegetable manure made from Azola plant, cattle manure, earthworm manure etc. are being studied as alternatives among the organic fertilizers in use in Nepal. The possibility of producing fertilizers in high-tech factories in a modern way and increasing the production capacity and bringing them to the market in the form of grains or bags is being explored.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Mohan Prasad Panthi, botanist at the Food Bank, the soil has deteriorated due to the increasing use of chemical fertilizers. The soil will not loosen up for crop cultivation if chemical fertilizer is not used in even small amount. Therefore the dependency on chemical fertilizers can be gradually removed by using 50 percent chemical and 50 percent organic fertilizers in the first year, 60 percent organic and 40 percent chemical in the second year, 70 percent organic and 30 percent chemical in the third year, and 100 percent organic fertilizers in the fourth or fifth year. If only organic fertilizers are used at once, there is a risk of decreasing production rather than increasing it. Therefore, special attention should be paid to the use.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Now in Nepal, various organizations and companies are producing organic fertilizers in small quantities. Those fertilizers are more expensive than the crop itself and do not even give good results. Therefore, it seems necessary to expand its capacity. The organic fertilizer that the bank is trying to produce will have the same nutritional capacity for different crops including fruits, vegetables and grains.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17125', 'image' => '20230328034545_organic-farming.jpg', 'article_date' => '2023-03-28 15:45:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17389', 'article_category_id' => '1', 'title' => 'Deadline for Bringing 17,000 Tons of Wheat from India Extended', 'sub_title' => '', 'summary' => 'March 28: The Indian Embassy has extended the deadline for exporting wheat to Nepal until May 31.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 28: The Indian Embassy has extended the deadline for exporting wheat to Nepal until May 31.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Earlier, the Government of India had fixed the date of March 31 for Nepali traders to purchase 16,951 tons out of the quota of 50,000 metric tons of wheat allocated for export to Nepal. This amount of wheat was allocated especially for traders. Meanwhile, 33,049 tons of wheat belonging to the industrialists has already entered Nepal, resulting in decline in prices of flour.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Out of the quota distributed by the Ministry of Industry, Commerce and Supply, 22 business firms are yet to bring wheat. Officials of the Morang Merchants’ Association had requested Indian Ambassador Naveen Srivastava to extend deadline during his recent visit to Biratnagar. The association had also written to the Indian embassy to extend the deadline. Upon their request, the embassy extended the deadline by two months for the import of about 17,000 tons of wheat. Secretary of Nepal Flour Mills Association and Vice President of Morang Merchants’ Association Bikash Begwani said that the decision of the Indian Embassy has resolved the problem of shortage of wheat in Nepal to some extent.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The current price of wheat in Nepal is Rs 48 per kg. Before the arrival of wheat from India, its price was Rs 65 per kg. In India, wheat is now available at Rs 38 per kg. After 10 days, a new batch of wheat will hit Nepali and Indian markets. The association expects the price to remain at Rs 40 per kg in Nepal and Rs 32 per kg in India.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">After the arrival of wheat from India, the price of flour has also decreased from Rs 85 to Rs 67 per kg and the price of bran dropped from Rs 56 to Rs 44 per kg. Secretary Begwani said that after the new wheat comes to the market, the price will go down further.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Kumud Dugad, president of the association said that the government should demand 400,000 tons of wheat from the Indian government to prevent wheat shortage in the country in the future. He said that the demand for wheat should be placed immediately as the domestic production will barely last for five months. He says that the government should take timely action as it will take two months for the Indian government to fix the quota.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17124', 'image' => '20230328020529_1679959854.Clipboard12.jpg', 'article_date' => '2023-03-28 14:04:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17388', 'article_category_id' => '1', 'title' => 'First Coin and Banknotes Exhibition Begins ', 'sub_title' => '', 'summary' => 'March 28: Nepal's First International Coin and Banknotes exhibition has started from Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: Nepal's First International Coin and Banknotes exhibition has started from Monday. The three-day-long exhibition organized by Nepal Numismatic Society is ongoing at Nepal Arts Council, Babarmahal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Coins and notes from Lichchhavi, Malla and Shah dynasties are kept in the exhibition, according to the society's general secretary Dipendra Ratna Shakya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former Prime Minister and Chairman of CPN (Unified Socialist) Madhav Kumar Nepal inaugurated the exhibition. In the exhibition, the numismatics from India have also participated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The exhibition shall continue till Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The first paper note was issued in Nepal in 2002 BS. The notes of Rs 5, Rs 10 and Rs 100 were issued then with the sign of cashier Janakraj Pandit. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17123', 'image' => '20230328121409_coinnn.jpg', 'article_date' => '2023-03-28 12:13:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17386', 'article_category_id' => '1', 'title' => 'Coronavirus Infection Rises all of a Sudden', 'sub_title' => '', 'summary' => 'March 28: A sudden rise in the number of coronavirus infection was recorded in the country on Monday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: A sudden rise in the number of coronavirus infection was recorded in the country on Monday. Of the 1,266 people who were tested, 69 were found carrying the virus, according to the Ministry of Health and Population. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Just a day ago, on March 26, the number was 16 while 17 were found infected with the virus on March 25. As a result, the number of active cases of COVID-19 has also increased. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the number of infections increasing in neighbouring India, it has led to a rise in positive cases in Nepal due to the open border, according to the Director of Epidemiology and Disease Control Division Dr Chuman Lal Das. Most of the infected people are entering Nepal through the Trinagar border crossing at Dhangadhi in Kailali. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the health ministry has urged one and all to take caution and also get themselves booster dose of COVID-19 vaccine. Administration of booster dose is currently underway in different parts of the country including Kathmandu valley. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17121', 'image' => '20230328112141_20200315104642_20200312112722_111.jpg', 'article_date' => '2023-03-28 11:20:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17385', 'article_category_id' => '1', 'title' => 'Loan Shark Victims Demonstrate in Capital ', 'sub_title' => '', 'summary' => 'March 28: People who have fallen victims to illegal money lenders staged a protest in the federal capital on Monday, demanding laws to address their woes. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: People who have fallen victims to illegal money lenders staged a protest in the federal capital on Monday, demanding laws to address their woes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the demonstration organized under the leadership of the loan shark victims struggle committee, the protestors who gathered from outside the capital took to the street in front of Bir Hospital. They demanded action against the illegal money lenders, ending the informal borrowing system, and the release of the victims detained on false ground. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The loan shark victims arrived in Kathmandu on foot from different districts of the country. They were stopped by municipal police of Kathmandu metropolitan city from entering the khula manch (open theatre). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Manoj Paswan, the coordinator of the struggle committee, appealed for justice and lamented over the act of the KMC police to stop them from entering the open theatre. Even requests for permission from the District Administration Office fell into deaf ears. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17120', 'image' => '20230328111426_landsharksharkrQC7Jq3r_q1_RbQ_A.jpeg', 'article_date' => '2023-03-28 11:13:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
