Nepal registered a thrilling nine-wicket win over Papua New Guinea in a match under the tri-series of the ICC Men's Cricket World Cup League-2 at the Kirtipur-based Tribhuvan University International Cricket Ground…
Nepal registered a thrilling nine-wicket win over Papua New Guinea in a match under the tri-series of the ICC Men's Cricket World Cup League-2 at the Kirtipur-based Tribhuvan University International Cricket Ground…
March 13: As government’s income has declined and resource management has become very challenging, the government has started to use inactive government…
Rastriya Banijya Bank has signed an agreement with Nepal Remit International, enabling migrant workers from different countries to transfer remittances through the bank to their families, friends and loved ones in…
March 13: Nabil Bank recently organized a workshop on workplace harassment for its…
March 13: Newly-elected President Ram Chandra Paudel took the oath of office and secrecy amidst a special ceremony held at the Office of the President, Sheetal Niwas on Monday. …
March 13: The net service income of the country is in a deficit of Rs 38.45 billion in the first seven months of the current fiscal…
March 13: The victims of banks and financial institutions (BFIs) staged a protest at Maitighar Mandala in Kathmandu on Sunday.…
March 13: There has been a significant improvement in the country's foreign currency reserves in the first seven months of the current fiscal year. …
March 13: Newly-elected President Ram Chandra Paudel is scheduled to take the oath of office and secrecy today (March…
Sudurpaschim Province has witnessed rise in production and productivity of agriculture sector in the last few years. Agriculture sector saw its production increased after farmers started commercial…
March 12: Nepal has retained its ODI status after registering an extraordinary 177-run win over the United Arab Emirates in the final tri-series of the ICC Men's Cricket World Cup League-2 at the Kirtipur-based Tribhuvan University International Cricket…
March 12: Both export and import to and from Nepal have decreased in the first seven months of the current fiscal year (FY 2022/23).…
March 12: The year-on-year (y-o-y) consumer price inflation increased to 7.88 percent in mid-February 2023 compared to 6.24 percent a year ago, according to the latest report of Nepal Rastra Bank…
Nepal has reported a surplus of Rs 133.21 billion in the balance of Payments (BOP) in the seven months of the current fiscal…
Nepal has witnessed the inflow of remittance worth over Rs 689 billion in seven months of the current fiscal year,…
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', 'content' => '<p><span style="font-size:18px">March 13: Nepal registered a thrilling nine-wicket win over Papua New Guinea in a match under the tri-series of the ICC Men's Cricket World Cup League-2 at the Kirtipur-based Tribhuvan University International Cricket Ground Monday. </span></p> <p><span style="font-size:18px">Nepal achieved the paltry 96-run target set by Papua New Guinea in 7.4 overs at the loss of one wicket. For Nepal, batsmen Kushal Bhurtel and Aashif Shekh played in style. Their 51-run partnership contributed a lot. </span></p> <p><span style="font-size:18px">Shekh remained unbeaten on 53 off 21 balls including three sixes and eight boundaries and Bhurtel hit 33 runs off 14 balls with two sixes and four fours. Similarly, Kushal Malla remained unbeaten on 12 off 13 balls with one six and one four.</span></p> <p><span style="font-size:18px"> For Papua New Guinea, Chad Soper bagged one wicket. Invited to bat first by losing the toss, Papua New Guinea made a meagre 95 runs in 32 overs. For the team, Assad Vala made 20 runs, Sese Bau 18, Charles Amini 16 and Hiri Hiri 14.</span></p> <p><span style="font-size:18px">For Nepal, Sandeep Lamichhane shined in the bowling claiming five Papua New Guinea wickets single-handedly. He conceded only 25 runs off 60 balls. He was announced the player of the match. </span></p> <p><span style="font-size:18px">Similarly, Lalit Narayan Rajbamshi and Kushal Malla took two wickets each, and Sompal Kami one. Nepal is facing the United Arab Emirates Thursday.</span><br /> </p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16995', 'image' => '20230313054451_collage - 2023-03-13T173709.540.jpg', 'article_date' => '2023-03-13 17:42:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '17255', 'article_category_id' => '1', 'title' => 'Government Sets Sight on Inactive Funds for Financial Resource Management', 'sub_title' => '', 'summary' => 'March 13: As government’s income has declined and resource management has become very challenging, the government has started to use inactive government funds.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">March 13: As government’s income has declined and resource management has become very challenging, the government has started to use inactive government funds. The Ministry of Finance has started searching for the details of various funds in the name of the Government of Nepal and has been transfering the unutilized funds to the Federal Reserve Fund.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Finance ministry officials estimate there are currently such inactive funds worth Rs 5 to 6 billion under 200 different headings. According to the Finance Ministry, the Finance Comptroller General's Office has been instructed to collect the details of such funds. The Finance Comptroller General's Office, with the help of the Ministry of Federal Affairs, issued a circular to the government agencies to give details of the inactive funds and the amount in those fund.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The money in the fund will be drawn to the federal reserve. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">"In particular, the funds established and operated under the Development Committee Act 2013, funds established according to the decision of the Government of Nepal, funds established by special laws and other similar funds are to be mobilized in times of crisis," a senior official of the Ministry of Finance's Budget and Program Division informed New Business Age. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">FCGO’s official Shyamraj Joshi said that the ministries have been told to provide the name of the fund, the purpose of establishing the fund, the name of the body operating the fund, the name of the bank with the account and the amount remaining in the fund till the end of Ashar 2079 to the Ministry of Finance.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Accordingly, departments under the ministry, programs, projects, institutions and the district coordination committee should also give such details to the Finance Ministry.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In 2077, the government did the same and mobilized such funds. Back then, Finance Ministry raised about Rs 2 billion from such funds.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">At that time, the FCGO found more than 150 inactive funds. It was estimated that there were Rs 4 billion in those funds. Officials of the FCGO are expecting that the fund and amount will likely increase this year.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16993', 'image' => '20230313041732_1678585862.Clipboard28.jpg', 'article_date' => '2023-03-13 16:15:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17254', 'article_category_id' => '218', 'title' => 'Rastriya Banijya Bank Signs Agreement With Nepal Remit International ', 'sub_title' => '', 'summary' => 'Rastriya Banijya Bank has signed an agreement with Nepal Remit International, enabling migrant workers from different countries to transfer remittances through the bank to their families, friends and loved ones in Nepal. ', 'content' => '<p> </p> <p><span style="font-size:18px">March 13: Rastriya Banijya Bank has signed an agreement with Nepal Remit International, enabling migrant workers from different countries to transfer remittances through the bank to their families, friends and loved ones in Nepal. </span></p> <p><span style="font-size:18px">Rastriya Banijya Bank’s Chief Executive Officer(CEO) Kiran Kumar Shrestha and Remit’s Chief Executive Officer(CEO) Sagar Khanal signed memorandum of the understanding on Friday. </span></p> <p><span style="font-size:18px">Following the agreement, remittance sent by the migrant workers through the Rastriya Banijya Bank’s channel will be paid to their families, relatives, and concerned individuals from Banijya Bank’s branches in Nepal. </span></p> <p><span style="font-size:18px">Officials at the bank say that the agreement will help earn foreign currency in the country. The Bank’s Deputy CEO Saraswoti Adhikari, other high-level officials and Remit’s Deputy General Manager Dev Bahadur Thapa were present on the occasion. </span></p> <p><span style="font-size:18px">Rastriya Banijya Bank has been serving customers through 265 branches, 46 extension counters, 269 ATMs and 99 branchless banking units across the country. </span><br /> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16992', 'image' => '20230313040901_collage - 2023-03-13T160947.095.jpg', 'article_date' => '2023-03-13 16:07:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '17253', 'article_category_id' => '218', 'title' => 'Nabil Bank Organises Workshop on Workplace Harassment', 'sub_title' => '', 'summary' => 'March 13: Nabil Bank recently organized a workshop on workplace harassment for its employees.', 'content' => '<p><span style="font-size:18px">March 13: Nabil Bank recently organized a workshop on workplace harassment for its employees. The workshop organized on the occasion of the International Women’s Day last week to raise awareness on the issue of workplace harassment. <br /> Issuing a statement, the bank said that a total of 70 employees attended the workshop, which was organized in collaboration with Fight Back. <br /> Both male and female employees of the bank attended the workshop. <br /> According to the statement, employees of the bank’s branches within the Kathmandu valley attended the workshop in person while the staff employed outside the valley attended the workshop online.<br /> During the workshop, the participants were informed about workplace harassment and how such harassments are done and how to stay aware of workplace harassment and cope with such situation. The participants were given practical demonstration during the workshop.<br /> Nabil Banks CEO Gyanendra Prasad Dhungana said that this kind of informative programme is important to boost the morale of the employees and to help them overcome such harassments.<br /> The organisers explained the participants about legal provisions related to workplace harassment. They were also informed about ways to protect themselves with whatever tools available nearby, said one of the participants Riya Basnet.<br /> </span><br /> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16991', 'image' => '20230313035834_20230308_153801.jpg', 'article_date' => '2023-03-13 15:57:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17252', 'article_category_id' => '1', 'title' => 'Newly-elected President Paudel Sworn In ', 'sub_title' => '', 'summary' => 'March 13: Newly-elected President Ram Chandra Paudel took the oath of office and secrecy amidst a special ceremony held at the Office of the President, Sheetal Niwas on Monday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 13: Newly-elected President Ram Chandra Paudel took the oath of office and secrecy amidst a special ceremony held at the Office of the President, Sheetal Niwas on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Acting Chief Justice Hari Krishna Karki administered the oath to the President-elect Paudel on the occasion. Paudel was elected to the coveted post on March 9. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Constitution of Nepal has the provision which states that the President-elect, before assuming office, should take the oath of office and secrecy from the chief justice in accordance with the federal law. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Outgoing President Bidya Devi Bhandari, Vice President Nanda Bahadur Pun, Prime Minister Pushpa Kamal Dahal, National Assembly Chair Ganesh Prasad Timilsina, former President Dr Ram Baran Yadav, former prime ministers and former chairman of the Council of Ministers were present on the occasion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also present at the ceremony were the deputy prime minister, ministers, members of parliament, heads of constitutional bodies, special-class officers of the government, chiefs of the security bodies, representatives of diplomatic missions in Nepal, leaders of various political parties, media persons, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Outgoing President Bhandari, Vice President Pun, Prime Minister Dahal, former prime ministers, among the dignitaries congratulated President Paudel following the swearing-in ceremony. Also on the occasion, President Paudel and Prime Minister Dahal bid farewell to outgoing President Bhandari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepalese Army presented a special guard of honour on the occasion. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16990', 'image' => '20230313032424_PRO_KTM-IMG-3221 - Copy.jpg', 'article_date' => '2023-03-13 15:23:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17251', 'article_category_id' => '1', 'title' => 'How is the Country becoming Poor because of the Rich? ', 'sub_title' => 'Nepal’s Expenses for Foreign Education is More than Income from Tourism', 'summary' => 'March 13: The net service income of the country is in a deficit of Rs 38.45 billion in the first seven months of the current fiscal year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">March 13: The net service income of the country is in a deficit of Rs 38.45 billion in the first seven months of the current fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the data published by the Nepal Rastra Bank, the net service income deficit this year is lower than that in the corresponding period of last year. In the same period of the previous year, the net service income was at a deficit of Rs 55.9 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Under the service account, the travel income increased by 107.4 percent during this period. In the period of seven months, tourists coming to Nepal have spent Rs 32.24 billion. In the same period of the previous year, such income was only Rs 15.54 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the central bank, during this period, travel expenses under the service account increased by 56.6 percent to Rs 62.57 billion. Out of this amount, the expenditure on education stood at Rs 43.74 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">In the same period of the previous year, the expenditure under tourism was Rs 39.96 billion, while the expenditure on education was only Rs 22.60 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">After the improvement in Nepal's tourism business, the service income increased by 107 percent, but the service income account did not turn profitable because the expenditure on education increased by 100 percent.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">It means that the Nepalese people spent more money on foreign education than the income which the country earns from foreign tourists.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">If the Nepalese did not spend on education (Rs 43.74 billion), Nepal's service account (currently at a deficit of Rs 38.45 billion) would have been in a surplus by more than Rs 5 billion.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16989', 'image' => '20230313020040_foreign education.jpg', 'article_date' => '2023-03-13 13:59:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17250', 'article_category_id' => '1', 'title' => 'Bank and Financial Problem Struggle Committee Organises Protest at Maitighar', 'sub_title' => '', 'summary' => 'March 13: The victims of banks and financial institutions (BFIs) staged a protest at Maitighar Mandala in Kathmandu on Sunday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">March 13: The victims of banks and financial institutions (BFIs) staged a protest at Maitighar Mandala in Kathmandu on Sunday. The protest was organized by the Bank and Financial Problem Struggle Committee. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The committee held the peaceful demonstration to draw the attention of the government, regulatory bodies and banks and financial institutions to solve the problems related to bank and financial institutions.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The customers of banks and financial institutions are currently facing problems such as unnatural increase in interest rate due to the lack of investable capital and liquidity in the banking system. The committee also drew attention to the arbitrary base rate of banks, wrong practice of banks in adding premium rate to base rate arbitrarily, obstruction in imports, unreasonable working capital credit guidelines etc. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Business organisations from across the country formed the committee as a collective effort to resolve the problems after the BFIs and regulatory bodies did not take initiatives to resolve the problems despite the organisations drawing the attention of banks and financial institutions to this end.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Gopal Agarwal, general secretary of the Federation of Nepal Electricians informed that the committee held a mass protest program at Maitighar Mandala, Kathmandu on Sunday. The protest was attended by industrialists/businessmen from all over the country.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16988', 'image' => '20230313125738_IMG20230312115242_1678605743.jpg', 'article_date' => '2023-03-13 12:56:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17249', 'article_category_id' => '1', 'title' => 'Forex Reserves Improve in First Seven Months of Current Fiscal Year ', 'sub_title' => '', 'summary' => 'March 13: There has been a significant improvement in the country's foreign currency reserves in the first seven months of the current fiscal year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 13: There has been a significant improvement in the country's foreign currency reserves in the first seven months of the current fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">By the end of last fiscal (FY 2021/22), the total forex reserves was calculated at Rs 1215.80 billion and now it has reached Rs 1383.33 billion with a rise of 13.8 percent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Nepal Rastra Bank, gross foreign exchange reserves increased by 13.8 percent to stand at Rs 1383.33 billion in mid-February 2023 from Rs 1215.80 billion in mid-July 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> In the US dollar terms, such reserves increased by 10.2 percent and reached 10.50 billion from 9.54 billion in the review period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the total foreign exchange reserves, reserves held by NRB increased by 16.2 percent to Rs 1228.05 billion in mid-February 2023 from Rs 1056.39 billion in mid-July 2022. Likewise, reserves held by banks and financial institutions (except NRB) fell by 2.6 percent to Rs 155.28 billion in mid-February 2023 from Rs 159.41 billion in mid-July 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the share of Indian currency in total reserves stood at 22.4 percent as mid-February this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Based on the data of seven months of 2022/23, the foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 10.8 months, and merchandise and services imports of 9.4 months. </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 ratio of reserves-to-GDP, reserves-to imports and reserves-to-M2 stood at 28.5 percent, 78.3 percent and 24.0 percent respectively in mid-February 2023. Such ratios were 25.1 percent, 57.8 percent and 22.1 percent respectively in mid-July 2022. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16987', 'image' => '20230313111521_20230207114205_FER - Copy.jpg', 'article_date' => '2023-03-13 11:14:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17248', 'article_category_id' => '1', 'title' => 'Newly-elected President Paudel to take Oath of Office Today ', 'sub_title' => '', 'summary' => 'March 13: Newly-elected President Ram Chandra Paudel is scheduled to take the oath of office and secrecy today (March 13).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 13: Newly-elected President Ram Chandra Paudel is scheduled to take the oath of office and secrecy today (March 13). The Office of the President is hosting a special ceremony at Sheetal Niwas to administer the oath to the President-elect Paudel at 1.00 pm on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal's constitution has specified a provision that the president shall take the oath of office and secrecy from the chief justice before assuming the office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Acting Chief Justice Hari Krishna Karki would administer oath of office and secrecy to the newly-elected president. </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"">Paudel was elected the president on March 9. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The country had adopted the practice of presidential system with the establishment of republic as an outcome of the 2006 April uprising. </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"">As per the constitution, the president shall assume the role as the guardian of the country and shall work to promote national unity. The post of president is a ceremonial role and the president's main responsibility is to safeguard the constitution. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the constitution, the term of the president is five years from the date of his/her election to the post and the person elected twice to the post is not allowed to become a presidential candidate again.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16986', 'image' => '20230313105522_1678361137.jpg', 'article_date' => '2023-03-13 10:54:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17247', 'article_category_id' => '277', 'title' => 'Agro Production Surges In Sudurpaschim Province', 'sub_title' => '', 'summary' => 'Sudurpaschim Province has witnessed rise in production and productivity of agriculture sector in the last few years. Agriculture sector saw its production increased after farmers started commercial farming.', 'content' => '<p> </p> <p><span style="font-size:18px"> March 13: Sudurpaschim Province has witnessed rise in production and productivity of agriculture sector in the last few years. Agriculture sector saw its production increased after farmers started commercial farming.</span></p> <p><span style="font-size:18px">Director Yagyaraj Joshi at the Agriculture Directorate Dipayal Office said that agricultural production had surged by two percent. “Agricultural production has risen by 2 percent while fruit production has also gone up remarkably,” said Joshi.</span></p> <p><span style="font-size:18px">According to the data at Ministry of Land Management, Agriculture, and Cooperative, major food crops were cultivated in 3,16,789 hectares of the land in fiscal year 2074/75 BS compared to 3,63,793 hectares of the land in the fiscal year of 2078/79.</span></p> <p><span style="font-size:18px">Productivity of the food crops has increased from 2.7 metric tons per hectare to 3.7 metric tons per hectare. Production of paddy and wheat has surged by 3.5 percent.</span></p> <p><span style="font-size:18px">Under seed increase programme, seeds of paddy, wheat, maize, potato, vegetables, and mustard oil are being produced in the province. Seed increase programme is being run to increase the seeds of vegetables and food items through Farmers’ Group and Farmers’ Cooperative to make the province self-dependent by replacing the import.</span></p> <p><span style="font-size:18px">Eighteen seed processing and companies have been set up in Kailali, Dadeldhura, Baitadi and Kanchanpur districts, helping the marketing of seeds. Produced seeds are being exported to various districts.</span></p> <p><span style="font-size:18px">More than 4,491 families have been provided with power tillers, mini-tillers, rotavators, among others, on 50 percent grants. Farmers’ group and Farmer Cooperative have rented 74 bigaha land of Rastriya Aabash Company Limited and have been producing seeds of paddy, wheat, and mustard oil. </span></p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16985', 'image' => '20230313055533_collage - 2023-03-12T185216.087.jpg', 'article_date' => '2023-03-13 05:47:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17246', 'article_category_id' => '1', 'title' => 'Nepal Retains ODI Status with win over UAE ', 'sub_title' => '', 'summary' => 'March 12: Nepal has retained its ODI status after registering an extraordinary 177-run win over the United Arab Emirates in the final tri-series of the ICC Men's Cricket World Cup League-2 at the Kirtipur-based Tribhuvan University International Cricket Ground. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 12: Nepal has retained its ODI status after registering an extraordinary 177-run win over the United Arab Emirates in the final tri-series of the ICC Men's Cricket World Cup League-2 at the Kirtipur-based Tribhuvan University International Cricket Ground. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ODI status will be valid for the next four years. According to the provision, the International Cricket Council (ICC) provides the ODI status to a team which secures top five places under the League-2. With this win, Nepal has climbed to the fourth position ahead of other three participating countries. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of the total 36 matches a participating country has to play under the League, Nepal has so far played 34, collecting 36 points. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the UAE has got 31 points from 34 games it played so far, and is in the sixth place. Elected to bat first after winning the toss, Nepal made 248 runs in 49.2 overs losing all wickets. Their start was not so good as they lost three wickets for only 22 runs. However, Capitan Rohit Kumar Paudel steadied Nepal’s innings by scoring 77 runs off 112 deliveries with nine boundaries. He was named the player of the match. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Aarif Shekh contributed 43 runs off 52 balls, Gulsan Jha 37 off 31, Dipendra Singh Airee 34 off 19 and Bhim Sarki 29 off 37. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">For the UAE, Aayan Afzal Khan, Zahoor Khan, Rohan Mustafa and Zawar Farid took two wickets each. Similarly, Aryan Lakra and Junaid Siddique bagged one wicket each. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal excelled in bowling to register the win. Chasing the 249-run target, UAE was dismissed for a meagre 71 runs in 22.5 overs at the loss of all wickets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They hit only eight runs before losing four wickets. Except three players, UAE's other players did not score in double digits. Aayan Afzal hit the highest 29 runs, and Ashwanth Valthapa 14. Similarly, Karthik Meiyappan remained unbeaten on 11. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">For Nepal, Lalit Narayan Rajbanshi contributed significantly to make the team victorious as he bagged five wickets conceding 20 runs off 47 balls with two maiden overs. Similarly, Sandeep Lamichhane took two wickets conceding 14 runs off 24 balls. Also, Sompal Kami, Airee and Jha claimed one wicket each. </span><span style="font-family:"Arial Unicode MS","sans-serif"">-- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16984', 'image' => '20230312092438_FpKelCiaAAIa42e.jpg', 'article_date' => '2023-03-12 21:23:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17245', 'article_category_id' => '1', 'title' => 'Export and Import Decline in Seven Months of Current FY', 'sub_title' => '', 'summary' => 'March 12: Both export and import to and from Nepal have decreased in the first seven months of the current fiscal year (FY 2022/23). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 12: Both export and import to and from Nepal have decreased in the first seven months of the current fiscal year (FY 2022/23). The Current Macroeconomic and Financial Situation, based on seven months' data ending mid-February, released by Nepal Rastra Bank (NRB) on Sunday states that during the seven months of 2022/23, merchandise exports decreased 29.0 percent to Rs 93.43 billion against an increase of 88.3 percent in the same period of the previous fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Destination-wise, exports to India and China decreased 37.7 percent and 13.4 percent respectively whereas exports to other countries increased 8.0 percent. Exports of zinc sheet, cardamom, particle board, woolen carpets, polyester yarn and thread, among others, increased whereas exports of soybean oil, palm oil, oil cakes, textiles, silverware and jewelries, among others, decreased in the review period, added the report. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the seven months of FY 2022/23, merchandise imports also decreased 19.9 percent to Rs 919.17 billion against an increase of 42.8 percent a year ago. Destination-wise, imports from India, China and other countries decreased 18.0 percent, 24.3 percent, and 22.0 percent respectively. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Imports of petroleum products, sponge iron, chemical fertilizer, gold, other stationeries, among others, increased whereas imports of transport equipment and parts, medicine, MS billet, telecommunication equipment and parts, silver, among others, decreased in the review period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Based on customs points, exports from Bhairahawa, Dry Port, Jaleshwar, Kailali, Krishnanagar, Mechi, Nepalgunj, Rasuwa and Tribhuwan Airport Customs Offices increased whereas exports from all the other major customs points decreased in the review period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Imports </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the import side, imports from all the major customs points decreased in the review period.</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"">According to the NRB report, the total trade deficit decreased 18.7 percent to Rs 825.73 billion during the seven months of FY 2022/23. Such a deficit had increased 38.4 percent in the corresponding period of the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The export-import ratio decreased to 10.2 percent in the review period from 11.5 percent in the corresponding period of the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the seven months of 2022/23, merchandise imports from India by paying convertible foreign currency amounted to Rs 71.78 billion. Such amount was Rs 128.17 billion in the same period of the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the Broad Economic Categories (BEC), the intermediate and final consumption goods accounted for 53.9 percent and 45.5 percent of the total exports respectively, whereas the ratio of capital goods in total exports remained negligible at 0.53 percent in the review period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the same period of the previous year, the ratio of intermediate, capital and final consumption goods remained 48.2 percent, 0.02 percent and 51.7 percent of total exports respectively. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the imports side, the share of intermediate goods remained 53.1 percent, capital goods 8.6 percent and final consumption goods remained 38.3 percent in the review period. Such ratios were 53.7 percent, 10.9 percent and 35.4 percent respectively in the same period of the previous year. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16983', 'image' => '20230312060639_Trade.jpg', 'article_date' => '2023-03-12 18:05:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17244', 'article_category_id' => '1', 'title' => 'Consumer Price Inflation Rises to 7.88 Percent: NRB', 'sub_title' => '', 'summary' => 'March 12: The year-on-year (y-o-y) consumer price inflation increased to 7.88 percent in mid-February 2023 compared to 6.24 percent a year ago, according to the latest report of Nepal Rastra Bank (NRB).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 12: The year-on-year (y-o-y) consumer price inflation increased to 7.88 percent in mid-February 2023 compared to 6.24 percent a year ago, according to the latest report of Nepal Rastra Bank (NRB). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report released by NRB on Sunday revealed that food and beverage inflation stood at 6.19 percent whereas non-food and service inflation rose to 9.22 percent in the review month.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the food and beverage category, y-o-y price index of restaurant and hotel subcategory increased 15.24 percent, cereal grains and their products 12.39 percent, tobacco products 10.83 percent, alcoholic drinks 8.78 percent, and spices 8.04 percent</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the non-food and services category, y-o-y price index of transportation subcategory increased 15.58 percent, health 10.39 percent, housing and utilities 9.78 percent, furnishing and household equipment 9.00 percent and recreation and culture 8.81 percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the review month, consumer price inflation in the Kathmandu Valley increased the most at 8.47 percent compared to Terai, hills and the mountains where CPI was recorded at 7.82 percent, 7.30 percent and 7.92 percent respectively. Inflation in these regions were 5.47 percent, 6.50 percent, 6.71 percent and 5.97 percent respectively a year ago, the central bank’s report added.</span></span></p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16982', 'image' => '20230312052720_Inflation.jpg', 'article_date' => '2023-03-12 17:25:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17243', 'article_category_id' => '274', 'title' => ' Balance of Payment (BOP) at Surplus Of Rs 133.21 Billion ', 'sub_title' => '', 'summary' => 'Nepal has reported a surplus of Rs 133.21 billion in the balance of Payments (BOP) in the seven months of the current fiscal year. ', 'content' => '<p><span style="font-size:18px"> <br /> March: Nepal has reported a surplus of Rs 133.21 billion in the balance of Payments (BOP) in the seven months of the current fiscal year. </span></p> <p><span style="font-size:18px"> The balance of Payments (BOP) stood at a deficit of Rs 247 billion in the same period of the last fiscal year, according to the Current Macroeconomic and Financial Situation Report published by Nepal Rastra Bank on Sunday. </span></p> <p><span style="font-size:18px">In American Dollar terms, the Balance of Payments (BOP) has remained at a surplus of 1.1 billion in the review period compared to a deficit of USD 2.7 billion in the same period of the last fiscal year. </span></p> <p><span style="font-size:18px">According to the Nepal Rastra Bank, the current account has remained at a deficit of Rs 29.64 billion in the first seven months of the current fiscal year compared to a deficit of Rs 411.34 billion in the same period of the last FY. </span></p> <p><span style="font-size:18px">In the US Dollar terms, the current account is at a deficit of 230 million compared to a deficit of 3.45 billion in the same period of the last fiscal year. </span><br /> </p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16981', 'image' => '20230312050438_collage - 2023-03-12T170408.041.jpg', 'article_date' => '2023-03-12 17:01:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '17242', 'article_category_id' => '274', 'title' => 'Remittance Inflow Increases By 27.1 Percent In Seven Months', 'sub_title' => '', 'summary' => 'Nepal has witnessed the inflow of remittance worth over Rs 689 billion in seven months of the current fiscal year, 2022/23. ', 'content' => '<p><span style="font-size:18px">March 12: Nepal has witnessed the inflow of remittance worth over Rs 689 billion in seven months of the current fiscal year, 2022/23. </span></p> <p><span style="font-size:18px">The remittance influx witnessed a 27.1 percent rise compared to the previous fiscal year, according to details of seven months of the current FY made public by the Nepal Rastra Bank on Sunday.</span></p> <p><span style="font-size:18px">There was a 4.4 percent drop in the remittance influx during the same period of the previous fiscal year. Similarly, remittance inrush in USD has increased by 16.4 percent and reached USD 5.3 billion. The figure dropped 5.3 percent during the same period in the previous fiscal year.</span></p> <p><span style="font-size:18px">Similarly, the number of Nepali migrant workers employed in the foreign countries by receiving final labour agreement (both new institutional and individual) surged by 57.3 percent. In the seven months of the current fiscal year, as many as 3, 14,767 migrant workers received the final labour agreement for the foreign jobs. </span></p> <p><span style="font-size:18px">The figure of migrant workers who got their labour permit renewed increased by 10.1 percent to reach the total 167,708. Likewise, the net transfer increased by 25.2 percent to stand at more than Rs 759 billion in the review period. Such a transfer had dropped a 3.7 percent during the same period of the previous fiscal year. (with inputs from RSS)</span><br /> </p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16980', 'image' => '20230312041400_collage - 2023-03-12T160503.982.jpg', 'article_date' => '2023-03-12 16:06:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17257', 'article_category_id' => '252', 'title' => 'Nepal Thrashes Papua New Guinea By Nine Wickets', 'sub_title' => '', 'summary' => 'Nepal registered a thrilling nine-wicket win over Papua New Guinea in a match under the tri-series of the ICC Men's Cricket World Cup League-2 at the Kirtipur-based Tribhuvan University International Cricket Ground Monday. ', 'content' => '<p><span style="font-size:18px">March 13: Nepal registered a thrilling nine-wicket win over Papua New Guinea in a match under the tri-series of the ICC Men's Cricket World Cup League-2 at the Kirtipur-based Tribhuvan University International Cricket Ground Monday. </span></p> <p><span style="font-size:18px">Nepal achieved the paltry 96-run target set by Papua New Guinea in 7.4 overs at the loss of one wicket. For Nepal, batsmen Kushal Bhurtel and Aashif Shekh played in style. Their 51-run partnership contributed a lot. </span></p> <p><span style="font-size:18px">Shekh remained unbeaten on 53 off 21 balls including three sixes and eight boundaries and Bhurtel hit 33 runs off 14 balls with two sixes and four fours. Similarly, Kushal Malla remained unbeaten on 12 off 13 balls with one six and one four.</span></p> <p><span style="font-size:18px"> For Papua New Guinea, Chad Soper bagged one wicket. Invited to bat first by losing the toss, Papua New Guinea made a meagre 95 runs in 32 overs. For the team, Assad Vala made 20 runs, Sese Bau 18, Charles Amini 16 and Hiri Hiri 14.</span></p> <p><span style="font-size:18px">For Nepal, Sandeep Lamichhane shined in the bowling claiming five Papua New Guinea wickets single-handedly. He conceded only 25 runs off 60 balls. He was announced the player of the match. </span></p> <p><span style="font-size:18px">Similarly, Lalit Narayan Rajbamshi and Kushal Malla took two wickets each, and Sompal Kami one. Nepal is facing the United Arab Emirates Thursday.</span><br /> </p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16995', 'image' => '20230313054451_collage - 2023-03-13T173709.540.jpg', 'article_date' => '2023-03-13 17:42:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '17255', 'article_category_id' => '1', 'title' => 'Government Sets Sight on Inactive Funds for Financial Resource Management', 'sub_title' => '', 'summary' => 'March 13: As government’s income has declined and resource management has become very challenging, the government has started to use inactive government funds.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">March 13: As government’s income has declined and resource management has become very challenging, the government has started to use inactive government funds. The Ministry of Finance has started searching for the details of various funds in the name of the Government of Nepal and has been transfering the unutilized funds to the Federal Reserve Fund.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Finance ministry officials estimate there are currently such inactive funds worth Rs 5 to 6 billion under 200 different headings. According to the Finance Ministry, the Finance Comptroller General's Office has been instructed to collect the details of such funds. The Finance Comptroller General's Office, with the help of the Ministry of Federal Affairs, issued a circular to the government agencies to give details of the inactive funds and the amount in those fund.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The money in the fund will be drawn to the federal reserve. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">"In particular, the funds established and operated under the Development Committee Act 2013, funds established according to the decision of the Government of Nepal, funds established by special laws and other similar funds are to be mobilized in times of crisis," a senior official of the Ministry of Finance's Budget and Program Division informed New Business Age. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">FCGO’s official Shyamraj Joshi said that the ministries have been told to provide the name of the fund, the purpose of establishing the fund, the name of the body operating the fund, the name of the bank with the account and the amount remaining in the fund till the end of Ashar 2079 to the Ministry of Finance.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Accordingly, departments under the ministry, programs, projects, institutions and the district coordination committee should also give such details to the Finance Ministry.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In 2077, the government did the same and mobilized such funds. Back then, Finance Ministry raised about Rs 2 billion from such funds.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">At that time, the FCGO found more than 150 inactive funds. It was estimated that there were Rs 4 billion in those funds. Officials of the FCGO are expecting that the fund and amount will likely increase this year.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16993', 'image' => '20230313041732_1678585862.Clipboard28.jpg', 'article_date' => '2023-03-13 16:15:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17254', 'article_category_id' => '218', 'title' => 'Rastriya Banijya Bank Signs Agreement With Nepal Remit International ', 'sub_title' => '', 'summary' => 'Rastriya Banijya Bank has signed an agreement with Nepal Remit International, enabling migrant workers from different countries to transfer remittances through the bank to their families, friends and loved ones in Nepal. ', 'content' => '<p> </p> <p><span style="font-size:18px">March 13: Rastriya Banijya Bank has signed an agreement with Nepal Remit International, enabling migrant workers from different countries to transfer remittances through the bank to their families, friends and loved ones in Nepal. </span></p> <p><span style="font-size:18px">Rastriya Banijya Bank’s Chief Executive Officer(CEO) Kiran Kumar Shrestha and Remit’s Chief Executive Officer(CEO) Sagar Khanal signed memorandum of the understanding on Friday. </span></p> <p><span style="font-size:18px">Following the agreement, remittance sent by the migrant workers through the Rastriya Banijya Bank’s channel will be paid to their families, relatives, and concerned individuals from Banijya Bank’s branches in Nepal. </span></p> <p><span style="font-size:18px">Officials at the bank say that the agreement will help earn foreign currency in the country. The Bank’s Deputy CEO Saraswoti Adhikari, other high-level officials and Remit’s Deputy General Manager Dev Bahadur Thapa were present on the occasion. </span></p> <p><span style="font-size:18px">Rastriya Banijya Bank has been serving customers through 265 branches, 46 extension counters, 269 ATMs and 99 branchless banking units across the country. </span><br /> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16992', 'image' => '20230313040901_collage - 2023-03-13T160947.095.jpg', 'article_date' => '2023-03-13 16:07:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '17253', 'article_category_id' => '218', 'title' => 'Nabil Bank Organises Workshop on Workplace Harassment', 'sub_title' => '', 'summary' => 'March 13: Nabil Bank recently organized a workshop on workplace harassment for its employees.', 'content' => '<p><span style="font-size:18px">March 13: Nabil Bank recently organized a workshop on workplace harassment for its employees. The workshop organized on the occasion of the International Women’s Day last week to raise awareness on the issue of workplace harassment. <br /> Issuing a statement, the bank said that a total of 70 employees attended the workshop, which was organized in collaboration with Fight Back. <br /> Both male and female employees of the bank attended the workshop. <br /> According to the statement, employees of the bank’s branches within the Kathmandu valley attended the workshop in person while the staff employed outside the valley attended the workshop online.<br /> During the workshop, the participants were informed about workplace harassment and how such harassments are done and how to stay aware of workplace harassment and cope with such situation. The participants were given practical demonstration during the workshop.<br /> Nabil Banks CEO Gyanendra Prasad Dhungana said that this kind of informative programme is important to boost the morale of the employees and to help them overcome such harassments.<br /> The organisers explained the participants about legal provisions related to workplace harassment. They were also informed about ways to protect themselves with whatever tools available nearby, said one of the participants Riya Basnet.<br /> </span><br /> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16991', 'image' => '20230313035834_20230308_153801.jpg', 'article_date' => '2023-03-13 15:57:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17252', 'article_category_id' => '1', 'title' => 'Newly-elected President Paudel Sworn In ', 'sub_title' => '', 'summary' => 'March 13: Newly-elected President Ram Chandra Paudel took the oath of office and secrecy amidst a special ceremony held at the Office of the President, Sheetal Niwas on Monday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 13: Newly-elected President Ram Chandra Paudel took the oath of office and secrecy amidst a special ceremony held at the Office of the President, Sheetal Niwas on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Acting Chief Justice Hari Krishna Karki administered the oath to the President-elect Paudel on the occasion. Paudel was elected to the coveted post on March 9. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Constitution of Nepal has the provision which states that the President-elect, before assuming office, should take the oath of office and secrecy from the chief justice in accordance with the federal law. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Outgoing President Bidya Devi Bhandari, Vice President Nanda Bahadur Pun, Prime Minister Pushpa Kamal Dahal, National Assembly Chair Ganesh Prasad Timilsina, former President Dr Ram Baran Yadav, former prime ministers and former chairman of the Council of Ministers were present on the occasion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also present at the ceremony were the deputy prime minister, ministers, members of parliament, heads of constitutional bodies, special-class officers of the government, chiefs of the security bodies, representatives of diplomatic missions in Nepal, leaders of various political parties, media persons, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Outgoing President Bhandari, Vice President Pun, Prime Minister Dahal, former prime ministers, among the dignitaries congratulated President Paudel following the swearing-in ceremony. Also on the occasion, President Paudel and Prime Minister Dahal bid farewell to outgoing President Bhandari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepalese Army presented a special guard of honour on the occasion. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16990', 'image' => '20230313032424_PRO_KTM-IMG-3221 - Copy.jpg', 'article_date' => '2023-03-13 15:23:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17251', 'article_category_id' => '1', 'title' => 'How is the Country becoming Poor because of the Rich? ', 'sub_title' => 'Nepal’s Expenses for Foreign Education is More than Income from Tourism', 'summary' => 'March 13: The net service income of the country is in a deficit of Rs 38.45 billion in the first seven months of the current fiscal year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">March 13: The net service income of the country is in a deficit of Rs 38.45 billion in the first seven months of the current fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the data published by the Nepal Rastra Bank, the net service income deficit this year is lower than that in the corresponding period of last year. In the same period of the previous year, the net service income was at a deficit of Rs 55.9 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Under the service account, the travel income increased by 107.4 percent during this period. In the period of seven months, tourists coming to Nepal have spent Rs 32.24 billion. In the same period of the previous year, such income was only Rs 15.54 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the central bank, during this period, travel expenses under the service account increased by 56.6 percent to Rs 62.57 billion. Out of this amount, the expenditure on education stood at Rs 43.74 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">In the same period of the previous year, the expenditure under tourism was Rs 39.96 billion, while the expenditure on education was only Rs 22.60 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">After the improvement in Nepal's tourism business, the service income increased by 107 percent, but the service income account did not turn profitable because the expenditure on education increased by 100 percent.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">It means that the Nepalese people spent more money on foreign education than the income which the country earns from foreign tourists.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">If the Nepalese did not spend on education (Rs 43.74 billion), Nepal's service account (currently at a deficit of Rs 38.45 billion) would have been in a surplus by more than Rs 5 billion.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16989', 'image' => '20230313020040_foreign education.jpg', 'article_date' => '2023-03-13 13:59:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17250', 'article_category_id' => '1', 'title' => 'Bank and Financial Problem Struggle Committee Organises Protest at Maitighar', 'sub_title' => '', 'summary' => 'March 13: The victims of banks and financial institutions (BFIs) staged a protest at Maitighar Mandala in Kathmandu on Sunday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">March 13: The victims of banks and financial institutions (BFIs) staged a protest at Maitighar Mandala in Kathmandu on Sunday. The protest was organized by the Bank and Financial Problem Struggle Committee. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The committee held the peaceful demonstration to draw the attention of the government, regulatory bodies and banks and financial institutions to solve the problems related to bank and financial institutions.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The customers of banks and financial institutions are currently facing problems such as unnatural increase in interest rate due to the lack of investable capital and liquidity in the banking system. The committee also drew attention to the arbitrary base rate of banks, wrong practice of banks in adding premium rate to base rate arbitrarily, obstruction in imports, unreasonable working capital credit guidelines etc. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Business organisations from across the country formed the committee as a collective effort to resolve the problems after the BFIs and regulatory bodies did not take initiatives to resolve the problems despite the organisations drawing the attention of banks and financial institutions to this end.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Gopal Agarwal, general secretary of the Federation of Nepal Electricians informed that the committee held a mass protest program at Maitighar Mandala, Kathmandu on Sunday. The protest was attended by industrialists/businessmen from all over the country.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16988', 'image' => '20230313125738_IMG20230312115242_1678605743.jpg', 'article_date' => '2023-03-13 12:56:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17249', 'article_category_id' => '1', 'title' => 'Forex Reserves Improve in First Seven Months of Current Fiscal Year ', 'sub_title' => '', 'summary' => 'March 13: There has been a significant improvement in the country's foreign currency reserves in the first seven months of the current fiscal year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 13: There has been a significant improvement in the country's foreign currency reserves in the first seven months of the current fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">By the end of last fiscal (FY 2021/22), the total forex reserves was calculated at Rs 1215.80 billion and now it has reached Rs 1383.33 billion with a rise of 13.8 percent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Nepal Rastra Bank, gross foreign exchange reserves increased by 13.8 percent to stand at Rs 1383.33 billion in mid-February 2023 from Rs 1215.80 billion in mid-July 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> In the US dollar terms, such reserves increased by 10.2 percent and reached 10.50 billion from 9.54 billion in the review period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the total foreign exchange reserves, reserves held by NRB increased by 16.2 percent to Rs 1228.05 billion in mid-February 2023 from Rs 1056.39 billion in mid-July 2022. Likewise, reserves held by banks and financial institutions (except NRB) fell by 2.6 percent to Rs 155.28 billion in mid-February 2023 from Rs 159.41 billion in mid-July 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the share of Indian currency in total reserves stood at 22.4 percent as mid-February this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Based on the data of seven months of 2022/23, the foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 10.8 months, and merchandise and services imports of 9.4 months. </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 ratio of reserves-to-GDP, reserves-to imports and reserves-to-M2 stood at 28.5 percent, 78.3 percent and 24.0 percent respectively in mid-February 2023. Such ratios were 25.1 percent, 57.8 percent and 22.1 percent respectively in mid-July 2022. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16987', 'image' => '20230313111521_20230207114205_FER - Copy.jpg', 'article_date' => '2023-03-13 11:14:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17248', 'article_category_id' => '1', 'title' => 'Newly-elected President Paudel to take Oath of Office Today ', 'sub_title' => '', 'summary' => 'March 13: Newly-elected President Ram Chandra Paudel is scheduled to take the oath of office and secrecy today (March 13).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 13: Newly-elected President Ram Chandra Paudel is scheduled to take the oath of office and secrecy today (March 13). The Office of the President is hosting a special ceremony at Sheetal Niwas to administer the oath to the President-elect Paudel at 1.00 pm on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal's constitution has specified a provision that the president shall take the oath of office and secrecy from the chief justice before assuming the office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Acting Chief Justice Hari Krishna Karki would administer oath of office and secrecy to the newly-elected president. </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"">Paudel was elected the president on March 9. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The country had adopted the practice of presidential system with the establishment of republic as an outcome of the 2006 April uprising. </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"">As per the constitution, the president shall assume the role as the guardian of the country and shall work to promote national unity. The post of president is a ceremonial role and the president's main responsibility is to safeguard the constitution. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the constitution, the term of the president is five years from the date of his/her election to the post and the person elected twice to the post is not allowed to become a presidential candidate again.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16986', 'image' => '20230313105522_1678361137.jpg', 'article_date' => '2023-03-13 10:54:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17247', 'article_category_id' => '277', 'title' => 'Agro Production Surges In Sudurpaschim Province', 'sub_title' => '', 'summary' => 'Sudurpaschim Province has witnessed rise in production and productivity of agriculture sector in the last few years. Agriculture sector saw its production increased after farmers started commercial farming.', 'content' => '<p> </p> <p><span style="font-size:18px"> March 13: Sudurpaschim Province has witnessed rise in production and productivity of agriculture sector in the last few years. Agriculture sector saw its production increased after farmers started commercial farming.</span></p> <p><span style="font-size:18px">Director Yagyaraj Joshi at the Agriculture Directorate Dipayal Office said that agricultural production had surged by two percent. “Agricultural production has risen by 2 percent while fruit production has also gone up remarkably,” said Joshi.</span></p> <p><span style="font-size:18px">According to the data at Ministry of Land Management, Agriculture, and Cooperative, major food crops were cultivated in 3,16,789 hectares of the land in fiscal year 2074/75 BS compared to 3,63,793 hectares of the land in the fiscal year of 2078/79.</span></p> <p><span style="font-size:18px">Productivity of the food crops has increased from 2.7 metric tons per hectare to 3.7 metric tons per hectare. Production of paddy and wheat has surged by 3.5 percent.</span></p> <p><span style="font-size:18px">Under seed increase programme, seeds of paddy, wheat, maize, potato, vegetables, and mustard oil are being produced in the province. Seed increase programme is being run to increase the seeds of vegetables and food items through Farmers’ Group and Farmers’ Cooperative to make the province self-dependent by replacing the import.</span></p> <p><span style="font-size:18px">Eighteen seed processing and companies have been set up in Kailali, Dadeldhura, Baitadi and Kanchanpur districts, helping the marketing of seeds. Produced seeds are being exported to various districts.</span></p> <p><span style="font-size:18px">More than 4,491 families have been provided with power tillers, mini-tillers, rotavators, among others, on 50 percent grants. Farmers’ group and Farmer Cooperative have rented 74 bigaha land of Rastriya Aabash Company Limited and have been producing seeds of paddy, wheat, and mustard oil. </span></p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16985', 'image' => '20230313055533_collage - 2023-03-12T185216.087.jpg', 'article_date' => '2023-03-13 05:47:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17246', 'article_category_id' => '1', 'title' => 'Nepal Retains ODI Status with win over UAE ', 'sub_title' => '', 'summary' => 'March 12: Nepal has retained its ODI status after registering an extraordinary 177-run win over the United Arab Emirates in the final tri-series of the ICC Men's Cricket World Cup League-2 at the Kirtipur-based Tribhuvan University International Cricket Ground. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 12: Nepal has retained its ODI status after registering an extraordinary 177-run win over the United Arab Emirates in the final tri-series of the ICC Men's Cricket World Cup League-2 at the Kirtipur-based Tribhuvan University International Cricket Ground. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ODI status will be valid for the next four years. According to the provision, the International Cricket Council (ICC) provides the ODI status to a team which secures top five places under the League-2. With this win, Nepal has climbed to the fourth position ahead of other three participating countries. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of the total 36 matches a participating country has to play under the League, Nepal has so far played 34, collecting 36 points. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the UAE has got 31 points from 34 games it played so far, and is in the sixth place. Elected to bat first after winning the toss, Nepal made 248 runs in 49.2 overs losing all wickets. Their start was not so good as they lost three wickets for only 22 runs. However, Capitan Rohit Kumar Paudel steadied Nepal’s innings by scoring 77 runs off 112 deliveries with nine boundaries. He was named the player of the match. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Aarif Shekh contributed 43 runs off 52 balls, Gulsan Jha 37 off 31, Dipendra Singh Airee 34 off 19 and Bhim Sarki 29 off 37. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">For the UAE, Aayan Afzal Khan, Zahoor Khan, Rohan Mustafa and Zawar Farid took two wickets each. Similarly, Aryan Lakra and Junaid Siddique bagged one wicket each. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal excelled in bowling to register the win. Chasing the 249-run target, UAE was dismissed for a meagre 71 runs in 22.5 overs at the loss of all wickets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They hit only eight runs before losing four wickets. Except three players, UAE's other players did not score in double digits. Aayan Afzal hit the highest 29 runs, and Ashwanth Valthapa 14. Similarly, Karthik Meiyappan remained unbeaten on 11. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">For Nepal, Lalit Narayan Rajbanshi contributed significantly to make the team victorious as he bagged five wickets conceding 20 runs off 47 balls with two maiden overs. Similarly, Sandeep Lamichhane took two wickets conceding 14 runs off 24 balls. Also, Sompal Kami, Airee and Jha claimed one wicket each. </span><span style="font-family:"Arial Unicode MS","sans-serif"">-- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16984', 'image' => '20230312092438_FpKelCiaAAIa42e.jpg', 'article_date' => '2023-03-12 21:23:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17245', 'article_category_id' => '1', 'title' => 'Export and Import Decline in Seven Months of Current FY', 'sub_title' => '', 'summary' => 'March 12: Both export and import to and from Nepal have decreased in the first seven months of the current fiscal year (FY 2022/23). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 12: Both export and import to and from Nepal have decreased in the first seven months of the current fiscal year (FY 2022/23). The Current Macroeconomic and Financial Situation, based on seven months' data ending mid-February, released by Nepal Rastra Bank (NRB) on Sunday states that during the seven months of 2022/23, merchandise exports decreased 29.0 percent to Rs 93.43 billion against an increase of 88.3 percent in the same period of the previous fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Destination-wise, exports to India and China decreased 37.7 percent and 13.4 percent respectively whereas exports to other countries increased 8.0 percent. Exports of zinc sheet, cardamom, particle board, woolen carpets, polyester yarn and thread, among others, increased whereas exports of soybean oil, palm oil, oil cakes, textiles, silverware and jewelries, among others, decreased in the review period, added the report. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the seven months of FY 2022/23, merchandise imports also decreased 19.9 percent to Rs 919.17 billion against an increase of 42.8 percent a year ago. Destination-wise, imports from India, China and other countries decreased 18.0 percent, 24.3 percent, and 22.0 percent respectively. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Imports of petroleum products, sponge iron, chemical fertilizer, gold, other stationeries, among others, increased whereas imports of transport equipment and parts, medicine, MS billet, telecommunication equipment and parts, silver, among others, decreased in the review period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Based on customs points, exports from Bhairahawa, Dry Port, Jaleshwar, Kailali, Krishnanagar, Mechi, Nepalgunj, Rasuwa and Tribhuwan Airport Customs Offices increased whereas exports from all the other major customs points decreased in the review period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Imports </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the import side, imports from all the major customs points decreased in the review period.</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"">According to the NRB report, the total trade deficit decreased 18.7 percent to Rs 825.73 billion during the seven months of FY 2022/23. Such a deficit had increased 38.4 percent in the corresponding period of the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The export-import ratio decreased to 10.2 percent in the review period from 11.5 percent in the corresponding period of the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the seven months of 2022/23, merchandise imports from India by paying convertible foreign currency amounted to Rs 71.78 billion. Such amount was Rs 128.17 billion in the same period of the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the Broad Economic Categories (BEC), the intermediate and final consumption goods accounted for 53.9 percent and 45.5 percent of the total exports respectively, whereas the ratio of capital goods in total exports remained negligible at 0.53 percent in the review period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the same period of the previous year, the ratio of intermediate, capital and final consumption goods remained 48.2 percent, 0.02 percent and 51.7 percent of total exports respectively. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the imports side, the share of intermediate goods remained 53.1 percent, capital goods 8.6 percent and final consumption goods remained 38.3 percent in the review period. Such ratios were 53.7 percent, 10.9 percent and 35.4 percent respectively in the same period of the previous year. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16983', 'image' => '20230312060639_Trade.jpg', 'article_date' => '2023-03-12 18:05:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17244', 'article_category_id' => '1', 'title' => 'Consumer Price Inflation Rises to 7.88 Percent: NRB', 'sub_title' => '', 'summary' => 'March 12: The year-on-year (y-o-y) consumer price inflation increased to 7.88 percent in mid-February 2023 compared to 6.24 percent a year ago, according to the latest report of Nepal Rastra Bank (NRB).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 12: The year-on-year (y-o-y) consumer price inflation increased to 7.88 percent in mid-February 2023 compared to 6.24 percent a year ago, according to the latest report of Nepal Rastra Bank (NRB). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report released by NRB on Sunday revealed that food and beverage inflation stood at 6.19 percent whereas non-food and service inflation rose to 9.22 percent in the review month.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the food and beverage category, y-o-y price index of restaurant and hotel subcategory increased 15.24 percent, cereal grains and their products 12.39 percent, tobacco products 10.83 percent, alcoholic drinks 8.78 percent, and spices 8.04 percent</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the non-food and services category, y-o-y price index of transportation subcategory increased 15.58 percent, health 10.39 percent, housing and utilities 9.78 percent, furnishing and household equipment 9.00 percent and recreation and culture 8.81 percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the review month, consumer price inflation in the Kathmandu Valley increased the most at 8.47 percent compared to Terai, hills and the mountains where CPI was recorded at 7.82 percent, 7.30 percent and 7.92 percent respectively. Inflation in these regions were 5.47 percent, 6.50 percent, 6.71 percent and 5.97 percent respectively a year ago, the central bank’s report added.</span></span></p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16982', 'image' => '20230312052720_Inflation.jpg', 'article_date' => '2023-03-12 17:25:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17243', 'article_category_id' => '274', 'title' => ' Balance of Payment (BOP) at Surplus Of Rs 133.21 Billion ', 'sub_title' => '', 'summary' => 'Nepal has reported a surplus of Rs 133.21 billion in the balance of Payments (BOP) in the seven months of the current fiscal year. ', 'content' => '<p><span style="font-size:18px"> <br /> March: Nepal has reported a surplus of Rs 133.21 billion in the balance of Payments (BOP) in the seven months of the current fiscal year. </span></p> <p><span style="font-size:18px"> The balance of Payments (BOP) stood at a deficit of Rs 247 billion in the same period of the last fiscal year, according to the Current Macroeconomic and Financial Situation Report published by Nepal Rastra Bank on Sunday. </span></p> <p><span style="font-size:18px">In American Dollar terms, the Balance of Payments (BOP) has remained at a surplus of 1.1 billion in the review period compared to a deficit of USD 2.7 billion in the same period of the last fiscal year. </span></p> <p><span style="font-size:18px">According to the Nepal Rastra Bank, the current account has remained at a deficit of Rs 29.64 billion in the first seven months of the current fiscal year compared to a deficit of Rs 411.34 billion in the same period of the last FY. </span></p> <p><span style="font-size:18px">In the US Dollar terms, the current account is at a deficit of 230 million compared to a deficit of 3.45 billion in the same period of the last fiscal year. </span><br /> </p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16981', 'image' => '20230312050438_collage - 2023-03-12T170408.041.jpg', 'article_date' => '2023-03-12 17:01:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '17242', 'article_category_id' => '274', 'title' => 'Remittance Inflow Increases By 27.1 Percent In Seven Months', 'sub_title' => '', 'summary' => 'Nepal has witnessed the inflow of remittance worth over Rs 689 billion in seven months of the current fiscal year, 2022/23. ', 'content' => '<p><span style="font-size:18px">March 12: Nepal has witnessed the inflow of remittance worth over Rs 689 billion in seven months of the current fiscal year, 2022/23. </span></p> <p><span style="font-size:18px">The remittance influx witnessed a 27.1 percent rise compared to the previous fiscal year, according to details of seven months of the current FY made public by the Nepal Rastra Bank on Sunday.</span></p> <p><span style="font-size:18px">There was a 4.4 percent drop in the remittance influx during the same period of the previous fiscal year. Similarly, remittance inrush in USD has increased by 16.4 percent and reached USD 5.3 billion. The figure dropped 5.3 percent during the same period in the previous fiscal year.</span></p> <p><span style="font-size:18px">Similarly, the number of Nepali migrant workers employed in the foreign countries by receiving final labour agreement (both new institutional and individual) surged by 57.3 percent. In the seven months of the current fiscal year, as many as 3, 14,767 migrant workers received the final labour agreement for the foreign jobs. </span></p> <p><span style="font-size:18px">The figure of migrant workers who got their labour permit renewed increased by 10.1 percent to reach the total 167,708. Likewise, the net transfer increased by 25.2 percent to stand at more than Rs 759 billion in the review period. Such a transfer had dropped a 3.7 percent during the same period of the previous fiscal year. (with inputs from RSS)</span><br /> </p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16980', 'image' => '20230312041400_collage - 2023-03-12T160503.982.jpg', 'article_date' => '2023-03-12 16:06:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17257', 'article_category_id' => '252', 'title' => 'Nepal Thrashes Papua New Guinea By Nine Wickets', 'sub_title' => '', 'summary' => 'Nepal registered a thrilling nine-wicket win over Papua New Guinea in a match under the tri-series of the ICC Men's Cricket World Cup League-2 at the Kirtipur-based Tribhuvan University International Cricket Ground Monday. ', 'content' => '<p><span style="font-size:18px">March 13: Nepal registered a thrilling nine-wicket win over Papua New Guinea in a match under the tri-series of the ICC Men's Cricket World Cup League-2 at the Kirtipur-based Tribhuvan University International Cricket Ground Monday. </span></p> <p><span style="font-size:18px">Nepal achieved the paltry 96-run target set by Papua New Guinea in 7.4 overs at the loss of one wicket. For Nepal, batsmen Kushal Bhurtel and Aashif Shekh played in style. Their 51-run partnership contributed a lot. </span></p> <p><span style="font-size:18px">Shekh remained unbeaten on 53 off 21 balls including three sixes and eight boundaries and Bhurtel hit 33 runs off 14 balls with two sixes and four fours. Similarly, Kushal Malla remained unbeaten on 12 off 13 balls with one six and one four.</span></p> <p><span style="font-size:18px"> For Papua New Guinea, Chad Soper bagged one wicket. Invited to bat first by losing the toss, Papua New Guinea made a meagre 95 runs in 32 overs. For the team, Assad Vala made 20 runs, Sese Bau 18, Charles Amini 16 and Hiri Hiri 14.</span></p> <p><span style="font-size:18px">For Nepal, Sandeep Lamichhane shined in the bowling claiming five Papua New Guinea wickets single-handedly. He conceded only 25 runs off 60 balls. He was announced the player of the match. </span></p> <p><span style="font-size:18px">Similarly, Lalit Narayan Rajbamshi and Kushal Malla took two wickets each, and Sompal Kami one. Nepal is facing the United Arab Emirates Thursday.</span><br /> </p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16995', 'image' => '20230313054451_collage - 2023-03-13T173709.540.jpg', 'article_date' => '2023-03-13 17:42:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '17255', 'article_category_id' => '1', 'title' => 'Government Sets Sight on Inactive Funds for Financial Resource Management', 'sub_title' => '', 'summary' => 'March 13: As government’s income has declined and resource management has become very challenging, the government has started to use inactive government funds.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">March 13: As government’s income has declined and resource management has become very challenging, the government has started to use inactive government funds. The Ministry of Finance has started searching for the details of various funds in the name of the Government of Nepal and has been transfering the unutilized funds to the Federal Reserve Fund.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Finance ministry officials estimate there are currently such inactive funds worth Rs 5 to 6 billion under 200 different headings. According to the Finance Ministry, the Finance Comptroller General's Office has been instructed to collect the details of such funds. The Finance Comptroller General's Office, with the help of the Ministry of Federal Affairs, issued a circular to the government agencies to give details of the inactive funds and the amount in those fund.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The money in the fund will be drawn to the federal reserve. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">"In particular, the funds established and operated under the Development Committee Act 2013, funds established according to the decision of the Government of Nepal, funds established by special laws and other similar funds are to be mobilized in times of crisis," a senior official of the Ministry of Finance's Budget and Program Division informed New Business Age. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">FCGO’s official Shyamraj Joshi said that the ministries have been told to provide the name of the fund, the purpose of establishing the fund, the name of the body operating the fund, the name of the bank with the account and the amount remaining in the fund till the end of Ashar 2079 to the Ministry of Finance.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Accordingly, departments under the ministry, programs, projects, institutions and the district coordination committee should also give such details to the Finance Ministry.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In 2077, the government did the same and mobilized such funds. Back then, Finance Ministry raised about Rs 2 billion from such funds.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">At that time, the FCGO found more than 150 inactive funds. It was estimated that there were Rs 4 billion in those funds. Officials of the FCGO are expecting that the fund and amount will likely increase this year.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16993', 'image' => '20230313041732_1678585862.Clipboard28.jpg', 'article_date' => '2023-03-13 16:15:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17254', 'article_category_id' => '218', 'title' => 'Rastriya Banijya Bank Signs Agreement With Nepal Remit International ', 'sub_title' => '', 'summary' => 'Rastriya Banijya Bank has signed an agreement with Nepal Remit International, enabling migrant workers from different countries to transfer remittances through the bank to their families, friends and loved ones in Nepal. ', 'content' => '<p> </p> <p><span style="font-size:18px">March 13: Rastriya Banijya Bank has signed an agreement with Nepal Remit International, enabling migrant workers from different countries to transfer remittances through the bank to their families, friends and loved ones in Nepal. </span></p> <p><span style="font-size:18px">Rastriya Banijya Bank’s Chief Executive Officer(CEO) Kiran Kumar Shrestha and Remit’s Chief Executive Officer(CEO) Sagar Khanal signed memorandum of the understanding on Friday. </span></p> <p><span style="font-size:18px">Following the agreement, remittance sent by the migrant workers through the Rastriya Banijya Bank’s channel will be paid to their families, relatives, and concerned individuals from Banijya Bank’s branches in Nepal. </span></p> <p><span style="font-size:18px">Officials at the bank say that the agreement will help earn foreign currency in the country. The Bank’s Deputy CEO Saraswoti Adhikari, other high-level officials and Remit’s Deputy General Manager Dev Bahadur Thapa were present on the occasion. </span></p> <p><span style="font-size:18px">Rastriya Banijya Bank has been serving customers through 265 branches, 46 extension counters, 269 ATMs and 99 branchless banking units across the country. </span><br /> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16992', 'image' => '20230313040901_collage - 2023-03-13T160947.095.jpg', 'article_date' => '2023-03-13 16:07:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '17253', 'article_category_id' => '218', 'title' => 'Nabil Bank Organises Workshop on Workplace Harassment', 'sub_title' => '', 'summary' => 'March 13: Nabil Bank recently organized a workshop on workplace harassment for its employees.', 'content' => '<p><span style="font-size:18px">March 13: Nabil Bank recently organized a workshop on workplace harassment for its employees. The workshop organized on the occasion of the International Women’s Day last week to raise awareness on the issue of workplace harassment. <br /> Issuing a statement, the bank said that a total of 70 employees attended the workshop, which was organized in collaboration with Fight Back. <br /> Both male and female employees of the bank attended the workshop. <br /> According to the statement, employees of the bank’s branches within the Kathmandu valley attended the workshop in person while the staff employed outside the valley attended the workshop online.<br /> During the workshop, the participants were informed about workplace harassment and how such harassments are done and how to stay aware of workplace harassment and cope with such situation. The participants were given practical demonstration during the workshop.<br /> Nabil Banks CEO Gyanendra Prasad Dhungana said that this kind of informative programme is important to boost the morale of the employees and to help them overcome such harassments.<br /> The organisers explained the participants about legal provisions related to workplace harassment. They were also informed about ways to protect themselves with whatever tools available nearby, said one of the participants Riya Basnet.<br /> </span><br /> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16991', 'image' => '20230313035834_20230308_153801.jpg', 'article_date' => '2023-03-13 15:57:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17252', 'article_category_id' => '1', 'title' => 'Newly-elected President Paudel Sworn In ', 'sub_title' => '', 'summary' => 'March 13: Newly-elected President Ram Chandra Paudel took the oath of office and secrecy amidst a special ceremony held at the Office of the President, Sheetal Niwas on Monday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 13: Newly-elected President Ram Chandra Paudel took the oath of office and secrecy amidst a special ceremony held at the Office of the President, Sheetal Niwas on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Acting Chief Justice Hari Krishna Karki administered the oath to the President-elect Paudel on the occasion. Paudel was elected to the coveted post on March 9. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Constitution of Nepal has the provision which states that the President-elect, before assuming office, should take the oath of office and secrecy from the chief justice in accordance with the federal law. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Outgoing President Bidya Devi Bhandari, Vice President Nanda Bahadur Pun, Prime Minister Pushpa Kamal Dahal, National Assembly Chair Ganesh Prasad Timilsina, former President Dr Ram Baran Yadav, former prime ministers and former chairman of the Council of Ministers were present on the occasion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also present at the ceremony were the deputy prime minister, ministers, members of parliament, heads of constitutional bodies, special-class officers of the government, chiefs of the security bodies, representatives of diplomatic missions in Nepal, leaders of various political parties, media persons, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Outgoing President Bhandari, Vice President Pun, Prime Minister Dahal, former prime ministers, among the dignitaries congratulated President Paudel following the swearing-in ceremony. Also on the occasion, President Paudel and Prime Minister Dahal bid farewell to outgoing President Bhandari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepalese Army presented a special guard of honour on the occasion. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16990', 'image' => '20230313032424_PRO_KTM-IMG-3221 - Copy.jpg', 'article_date' => '2023-03-13 15:23:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17251', 'article_category_id' => '1', 'title' => 'How is the Country becoming Poor because of the Rich? ', 'sub_title' => 'Nepal’s Expenses for Foreign Education is More than Income from Tourism', 'summary' => 'March 13: The net service income of the country is in a deficit of Rs 38.45 billion in the first seven months of the current fiscal year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">March 13: The net service income of the country is in a deficit of Rs 38.45 billion in the first seven months of the current fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the data published by the Nepal Rastra Bank, the net service income deficit this year is lower than that in the corresponding period of last year. In the same period of the previous year, the net service income was at a deficit of Rs 55.9 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Under the service account, the travel income increased by 107.4 percent during this period. In the period of seven months, tourists coming to Nepal have spent Rs 32.24 billion. In the same period of the previous year, such income was only Rs 15.54 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the central bank, during this period, travel expenses under the service account increased by 56.6 percent to Rs 62.57 billion. Out of this amount, the expenditure on education stood at Rs 43.74 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">In the same period of the previous year, the expenditure under tourism was Rs 39.96 billion, while the expenditure on education was only Rs 22.60 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">After the improvement in Nepal's tourism business, the service income increased by 107 percent, but the service income account did not turn profitable because the expenditure on education increased by 100 percent.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">It means that the Nepalese people spent more money on foreign education than the income which the country earns from foreign tourists.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">If the Nepalese did not spend on education (Rs 43.74 billion), Nepal's service account (currently at a deficit of Rs 38.45 billion) would have been in a surplus by more than Rs 5 billion.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16989', 'image' => '20230313020040_foreign education.jpg', 'article_date' => '2023-03-13 13:59:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17250', 'article_category_id' => '1', 'title' => 'Bank and Financial Problem Struggle Committee Organises Protest at Maitighar', 'sub_title' => '', 'summary' => 'March 13: The victims of banks and financial institutions (BFIs) staged a protest at Maitighar Mandala in Kathmandu on Sunday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">March 13: The victims of banks and financial institutions (BFIs) staged a protest at Maitighar Mandala in Kathmandu on Sunday. The protest was organized by the Bank and Financial Problem Struggle Committee. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The committee held the peaceful demonstration to draw the attention of the government, regulatory bodies and banks and financial institutions to solve the problems related to bank and financial institutions.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The customers of banks and financial institutions are currently facing problems such as unnatural increase in interest rate due to the lack of investable capital and liquidity in the banking system. The committee also drew attention to the arbitrary base rate of banks, wrong practice of banks in adding premium rate to base rate arbitrarily, obstruction in imports, unreasonable working capital credit guidelines etc. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Business organisations from across the country formed the committee as a collective effort to resolve the problems after the BFIs and regulatory bodies did not take initiatives to resolve the problems despite the organisations drawing the attention of banks and financial institutions to this end.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Gopal Agarwal, general secretary of the Federation of Nepal Electricians informed that the committee held a mass protest program at Maitighar Mandala, Kathmandu on Sunday. The protest was attended by industrialists/businessmen from all over the country.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16988', 'image' => '20230313125738_IMG20230312115242_1678605743.jpg', 'article_date' => '2023-03-13 12:56:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17249', 'article_category_id' => '1', 'title' => 'Forex Reserves Improve in First Seven Months of Current Fiscal Year ', 'sub_title' => '', 'summary' => 'March 13: There has been a significant improvement in the country's foreign currency reserves in the first seven months of the current fiscal year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 13: There has been a significant improvement in the country's foreign currency reserves in the first seven months of the current fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">By the end of last fiscal (FY 2021/22), the total forex reserves was calculated at Rs 1215.80 billion and now it has reached Rs 1383.33 billion with a rise of 13.8 percent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Nepal Rastra Bank, gross foreign exchange reserves increased by 13.8 percent to stand at Rs 1383.33 billion in mid-February 2023 from Rs 1215.80 billion in mid-July 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> In the US dollar terms, such reserves increased by 10.2 percent and reached 10.50 billion from 9.54 billion in the review period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the total foreign exchange reserves, reserves held by NRB increased by 16.2 percent to Rs 1228.05 billion in mid-February 2023 from Rs 1056.39 billion in mid-July 2022. Likewise, reserves held by banks and financial institutions (except NRB) fell by 2.6 percent to Rs 155.28 billion in mid-February 2023 from Rs 159.41 billion in mid-July 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the share of Indian currency in total reserves stood at 22.4 percent as mid-February this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Based on the data of seven months of 2022/23, the foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 10.8 months, and merchandise and services imports of 9.4 months. </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 ratio of reserves-to-GDP, reserves-to imports and reserves-to-M2 stood at 28.5 percent, 78.3 percent and 24.0 percent respectively in mid-February 2023. Such ratios were 25.1 percent, 57.8 percent and 22.1 percent respectively in mid-July 2022. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16987', 'image' => '20230313111521_20230207114205_FER - Copy.jpg', 'article_date' => '2023-03-13 11:14:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17248', 'article_category_id' => '1', 'title' => 'Newly-elected President Paudel to take Oath of Office Today ', 'sub_title' => '', 'summary' => 'March 13: Newly-elected President Ram Chandra Paudel is scheduled to take the oath of office and secrecy today (March 13).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 13: Newly-elected President Ram Chandra Paudel is scheduled to take the oath of office and secrecy today (March 13). The Office of the President is hosting a special ceremony at Sheetal Niwas to administer the oath to the President-elect Paudel at 1.00 pm on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal's constitution has specified a provision that the president shall take the oath of office and secrecy from the chief justice before assuming the office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Acting Chief Justice Hari Krishna Karki would administer oath of office and secrecy to the newly-elected president. </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"">Paudel was elected the president on March 9. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The country had adopted the practice of presidential system with the establishment of republic as an outcome of the 2006 April uprising. </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"">As per the constitution, the president shall assume the role as the guardian of the country and shall work to promote national unity. The post of president is a ceremonial role and the president's main responsibility is to safeguard the constitution. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the constitution, the term of the president is five years from the date of his/her election to the post and the person elected twice to the post is not allowed to become a presidential candidate again.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16986', 'image' => '20230313105522_1678361137.jpg', 'article_date' => '2023-03-13 10:54:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17247', 'article_category_id' => '277', 'title' => 'Agro Production Surges In Sudurpaschim Province', 'sub_title' => '', 'summary' => 'Sudurpaschim Province has witnessed rise in production and productivity of agriculture sector in the last few years. Agriculture sector saw its production increased after farmers started commercial farming.', 'content' => '<p> </p> <p><span style="font-size:18px"> March 13: Sudurpaschim Province has witnessed rise in production and productivity of agriculture sector in the last few years. Agriculture sector saw its production increased after farmers started commercial farming.</span></p> <p><span style="font-size:18px">Director Yagyaraj Joshi at the Agriculture Directorate Dipayal Office said that agricultural production had surged by two percent. “Agricultural production has risen by 2 percent while fruit production has also gone up remarkably,” said Joshi.</span></p> <p><span style="font-size:18px">According to the data at Ministry of Land Management, Agriculture, and Cooperative, major food crops were cultivated in 3,16,789 hectares of the land in fiscal year 2074/75 BS compared to 3,63,793 hectares of the land in the fiscal year of 2078/79.</span></p> <p><span style="font-size:18px">Productivity of the food crops has increased from 2.7 metric tons per hectare to 3.7 metric tons per hectare. Production of paddy and wheat has surged by 3.5 percent.</span></p> <p><span style="font-size:18px">Under seed increase programme, seeds of paddy, wheat, maize, potato, vegetables, and mustard oil are being produced in the province. Seed increase programme is being run to increase the seeds of vegetables and food items through Farmers’ Group and Farmers’ Cooperative to make the province self-dependent by replacing the import.</span></p> <p><span style="font-size:18px">Eighteen seed processing and companies have been set up in Kailali, Dadeldhura, Baitadi and Kanchanpur districts, helping the marketing of seeds. Produced seeds are being exported to various districts.</span></p> <p><span style="font-size:18px">More than 4,491 families have been provided with power tillers, mini-tillers, rotavators, among others, on 50 percent grants. Farmers’ group and Farmer Cooperative have rented 74 bigaha land of Rastriya Aabash Company Limited and have been producing seeds of paddy, wheat, and mustard oil. </span></p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16985', 'image' => '20230313055533_collage - 2023-03-12T185216.087.jpg', 'article_date' => '2023-03-13 05:47:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17246', 'article_category_id' => '1', 'title' => 'Nepal Retains ODI Status with win over UAE ', 'sub_title' => '', 'summary' => 'March 12: Nepal has retained its ODI status after registering an extraordinary 177-run win over the United Arab Emirates in the final tri-series of the ICC Men's Cricket World Cup League-2 at the Kirtipur-based Tribhuvan University International Cricket Ground. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 12: Nepal has retained its ODI status after registering an extraordinary 177-run win over the United Arab Emirates in the final tri-series of the ICC Men's Cricket World Cup League-2 at the Kirtipur-based Tribhuvan University International Cricket Ground. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ODI status will be valid for the next four years. According to the provision, the International Cricket Council (ICC) provides the ODI status to a team which secures top five places under the League-2. With this win, Nepal has climbed to the fourth position ahead of other three participating countries. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of the total 36 matches a participating country has to play under the League, Nepal has so far played 34, collecting 36 points. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the UAE has got 31 points from 34 games it played so far, and is in the sixth place. Elected to bat first after winning the toss, Nepal made 248 runs in 49.2 overs losing all wickets. Their start was not so good as they lost three wickets for only 22 runs. However, Capitan Rohit Kumar Paudel steadied Nepal’s innings by scoring 77 runs off 112 deliveries with nine boundaries. He was named the player of the match. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Aarif Shekh contributed 43 runs off 52 balls, Gulsan Jha 37 off 31, Dipendra Singh Airee 34 off 19 and Bhim Sarki 29 off 37. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">For the UAE, Aayan Afzal Khan, Zahoor Khan, Rohan Mustafa and Zawar Farid took two wickets each. Similarly, Aryan Lakra and Junaid Siddique bagged one wicket each. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal excelled in bowling to register the win. Chasing the 249-run target, UAE was dismissed for a meagre 71 runs in 22.5 overs at the loss of all wickets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They hit only eight runs before losing four wickets. Except three players, UAE's other players did not score in double digits. Aayan Afzal hit the highest 29 runs, and Ashwanth Valthapa 14. Similarly, Karthik Meiyappan remained unbeaten on 11. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">For Nepal, Lalit Narayan Rajbanshi contributed significantly to make the team victorious as he bagged five wickets conceding 20 runs off 47 balls with two maiden overs. Similarly, Sandeep Lamichhane took two wickets conceding 14 runs off 24 balls. Also, Sompal Kami, Airee and Jha claimed one wicket each. </span><span style="font-family:"Arial Unicode MS","sans-serif"">-- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16984', 'image' => '20230312092438_FpKelCiaAAIa42e.jpg', 'article_date' => '2023-03-12 21:23:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17245', 'article_category_id' => '1', 'title' => 'Export and Import Decline in Seven Months of Current FY', 'sub_title' => '', 'summary' => 'March 12: Both export and import to and from Nepal have decreased in the first seven months of the current fiscal year (FY 2022/23). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 12: Both export and import to and from Nepal have decreased in the first seven months of the current fiscal year (FY 2022/23). The Current Macroeconomic and Financial Situation, based on seven months' data ending mid-February, released by Nepal Rastra Bank (NRB) on Sunday states that during the seven months of 2022/23, merchandise exports decreased 29.0 percent to Rs 93.43 billion against an increase of 88.3 percent in the same period of the previous fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Destination-wise, exports to India and China decreased 37.7 percent and 13.4 percent respectively whereas exports to other countries increased 8.0 percent. Exports of zinc sheet, cardamom, particle board, woolen carpets, polyester yarn and thread, among others, increased whereas exports of soybean oil, palm oil, oil cakes, textiles, silverware and jewelries, among others, decreased in the review period, added the report. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the seven months of FY 2022/23, merchandise imports also decreased 19.9 percent to Rs 919.17 billion against an increase of 42.8 percent a year ago. Destination-wise, imports from India, China and other countries decreased 18.0 percent, 24.3 percent, and 22.0 percent respectively. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Imports of petroleum products, sponge iron, chemical fertilizer, gold, other stationeries, among others, increased whereas imports of transport equipment and parts, medicine, MS billet, telecommunication equipment and parts, silver, among others, decreased in the review period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Based on customs points, exports from Bhairahawa, Dry Port, Jaleshwar, Kailali, Krishnanagar, Mechi, Nepalgunj, Rasuwa and Tribhuwan Airport Customs Offices increased whereas exports from all the other major customs points decreased in the review period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Imports </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the import side, imports from all the major customs points decreased in the review period.</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"">According to the NRB report, the total trade deficit decreased 18.7 percent to Rs 825.73 billion during the seven months of FY 2022/23. Such a deficit had increased 38.4 percent in the corresponding period of the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The export-import ratio decreased to 10.2 percent in the review period from 11.5 percent in the corresponding period of the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the seven months of 2022/23, merchandise imports from India by paying convertible foreign currency amounted to Rs 71.78 billion. Such amount was Rs 128.17 billion in the same period of the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the Broad Economic Categories (BEC), the intermediate and final consumption goods accounted for 53.9 percent and 45.5 percent of the total exports respectively, whereas the ratio of capital goods in total exports remained negligible at 0.53 percent in the review period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the same period of the previous year, the ratio of intermediate, capital and final consumption goods remained 48.2 percent, 0.02 percent and 51.7 percent of total exports respectively. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the imports side, the share of intermediate goods remained 53.1 percent, capital goods 8.6 percent and final consumption goods remained 38.3 percent in the review period. Such ratios were 53.7 percent, 10.9 percent and 35.4 percent respectively in the same period of the previous year. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16983', 'image' => '20230312060639_Trade.jpg', 'article_date' => '2023-03-12 18:05:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17244', 'article_category_id' => '1', 'title' => 'Consumer Price Inflation Rises to 7.88 Percent: NRB', 'sub_title' => '', 'summary' => 'March 12: The year-on-year (y-o-y) consumer price inflation increased to 7.88 percent in mid-February 2023 compared to 6.24 percent a year ago, according to the latest report of Nepal Rastra Bank (NRB).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 12: The year-on-year (y-o-y) consumer price inflation increased to 7.88 percent in mid-February 2023 compared to 6.24 percent a year ago, according to the latest report of Nepal Rastra Bank (NRB). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report released by NRB on Sunday revealed that food and beverage inflation stood at 6.19 percent whereas non-food and service inflation rose to 9.22 percent in the review month.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the food and beverage category, y-o-y price index of restaurant and hotel subcategory increased 15.24 percent, cereal grains and their products 12.39 percent, tobacco products 10.83 percent, alcoholic drinks 8.78 percent, and spices 8.04 percent</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the non-food and services category, y-o-y price index of transportation subcategory increased 15.58 percent, health 10.39 percent, housing and utilities 9.78 percent, furnishing and household equipment 9.00 percent and recreation and culture 8.81 percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the review month, consumer price inflation in the Kathmandu Valley increased the most at 8.47 percent compared to Terai, hills and the mountains where CPI was recorded at 7.82 percent, 7.30 percent and 7.92 percent respectively. Inflation in these regions were 5.47 percent, 6.50 percent, 6.71 percent and 5.97 percent respectively a year ago, the central bank’s report added.</span></span></p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16982', 'image' => '20230312052720_Inflation.jpg', 'article_date' => '2023-03-12 17:25:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17243', 'article_category_id' => '274', 'title' => ' Balance of Payment (BOP) at Surplus Of Rs 133.21 Billion ', 'sub_title' => '', 'summary' => 'Nepal has reported a surplus of Rs 133.21 billion in the balance of Payments (BOP) in the seven months of the current fiscal year. ', 'content' => '<p><span style="font-size:18px"> <br /> March: Nepal has reported a surplus of Rs 133.21 billion in the balance of Payments (BOP) in the seven months of the current fiscal year. </span></p> <p><span style="font-size:18px"> The balance of Payments (BOP) stood at a deficit of Rs 247 billion in the same period of the last fiscal year, according to the Current Macroeconomic and Financial Situation Report published by Nepal Rastra Bank on Sunday. </span></p> <p><span style="font-size:18px">In American Dollar terms, the Balance of Payments (BOP) has remained at a surplus of 1.1 billion in the review period compared to a deficit of USD 2.7 billion in the same period of the last fiscal year. </span></p> <p><span style="font-size:18px">According to the Nepal Rastra Bank, the current account has remained at a deficit of Rs 29.64 billion in the first seven months of the current fiscal year compared to a deficit of Rs 411.34 billion in the same period of the last FY. </span></p> <p><span style="font-size:18px">In the US Dollar terms, the current account is at a deficit of 230 million compared to a deficit of 3.45 billion in the same period of the last fiscal year. </span><br /> </p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16981', 'image' => '20230312050438_collage - 2023-03-12T170408.041.jpg', 'article_date' => '2023-03-12 17:01:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '17242', 'article_category_id' => '274', 'title' => 'Remittance Inflow Increases By 27.1 Percent In Seven Months', 'sub_title' => '', 'summary' => 'Nepal has witnessed the inflow of remittance worth over Rs 689 billion in seven months of the current fiscal year, 2022/23. ', 'content' => '<p><span style="font-size:18px">March 12: Nepal has witnessed the inflow of remittance worth over Rs 689 billion in seven months of the current fiscal year, 2022/23. </span></p> <p><span style="font-size:18px">The remittance influx witnessed a 27.1 percent rise compared to the previous fiscal year, according to details of seven months of the current FY made public by the Nepal Rastra Bank on Sunday.</span></p> <p><span style="font-size:18px">There was a 4.4 percent drop in the remittance influx during the same period of the previous fiscal year. Similarly, remittance inrush in USD has increased by 16.4 percent and reached USD 5.3 billion. The figure dropped 5.3 percent during the same period in the previous fiscal year.</span></p> <p><span style="font-size:18px">Similarly, the number of Nepali migrant workers employed in the foreign countries by receiving final labour agreement (both new institutional and individual) surged by 57.3 percent. In the seven months of the current fiscal year, as many as 3, 14,767 migrant workers received the final labour agreement for the foreign jobs. </span></p> <p><span style="font-size:18px">The figure of migrant workers who got their labour permit renewed increased by 10.1 percent to reach the total 167,708. Likewise, the net transfer increased by 25.2 percent to stand at more than Rs 759 billion in the review period. Such a transfer had dropped a 3.7 percent during the same period of the previous fiscal year. (with inputs from RSS)</span><br /> </p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16980', 'image' => '20230312041400_collage - 2023-03-12T160503.982.jpg', 'article_date' => '2023-03-12 16:06:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17257', 'article_category_id' => '252', 'title' => 'Nepal Thrashes Papua New Guinea By Nine Wickets', 'sub_title' => '', 'summary' => 'Nepal registered a thrilling nine-wicket win over Papua New Guinea in a match under the tri-series of the ICC Men's Cricket World Cup League-2 at the Kirtipur-based Tribhuvan University International Cricket Ground Monday. ', 'content' => '<p><span style="font-size:18px">March 13: Nepal registered a thrilling nine-wicket win over Papua New Guinea in a match under the tri-series of the ICC Men's Cricket World Cup League-2 at the Kirtipur-based Tribhuvan University International Cricket Ground Monday. </span></p> <p><span style="font-size:18px">Nepal achieved the paltry 96-run target set by Papua New Guinea in 7.4 overs at the loss of one wicket. For Nepal, batsmen Kushal Bhurtel and Aashif Shekh played in style. Their 51-run partnership contributed a lot. </span></p> <p><span style="font-size:18px">Shekh remained unbeaten on 53 off 21 balls including three sixes and eight boundaries and Bhurtel hit 33 runs off 14 balls with two sixes and four fours. Similarly, Kushal Malla remained unbeaten on 12 off 13 balls with one six and one four.</span></p> <p><span style="font-size:18px"> For Papua New Guinea, Chad Soper bagged one wicket. Invited to bat first by losing the toss, Papua New Guinea made a meagre 95 runs in 32 overs. For the team, Assad Vala made 20 runs, Sese Bau 18, Charles Amini 16 and Hiri Hiri 14.</span></p> <p><span style="font-size:18px">For Nepal, Sandeep Lamichhane shined in the bowling claiming five Papua New Guinea wickets single-handedly. He conceded only 25 runs off 60 balls. He was announced the player of the match. </span></p> <p><span style="font-size:18px">Similarly, Lalit Narayan Rajbamshi and Kushal Malla took two wickets each, and Sompal Kami one. Nepal is facing the United Arab Emirates Thursday.</span><br /> </p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16995', 'image' => '20230313054451_collage - 2023-03-13T173709.540.jpg', 'article_date' => '2023-03-13 17:42:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '17255', 'article_category_id' => '1', 'title' => 'Government Sets Sight on Inactive Funds for Financial Resource Management', 'sub_title' => '', 'summary' => 'March 13: As government’s income has declined and resource management has become very challenging, the government has started to use inactive government funds.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">March 13: As government’s income has declined and resource management has become very challenging, the government has started to use inactive government funds. The Ministry of Finance has started searching for the details of various funds in the name of the Government of Nepal and has been transfering the unutilized funds to the Federal Reserve Fund.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Finance ministry officials estimate there are currently such inactive funds worth Rs 5 to 6 billion under 200 different headings. According to the Finance Ministry, the Finance Comptroller General's Office has been instructed to collect the details of such funds. The Finance Comptroller General's Office, with the help of the Ministry of Federal Affairs, issued a circular to the government agencies to give details of the inactive funds and the amount in those fund.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The money in the fund will be drawn to the federal reserve. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">"In particular, the funds established and operated under the Development Committee Act 2013, funds established according to the decision of the Government of Nepal, funds established by special laws and other similar funds are to be mobilized in times of crisis," a senior official of the Ministry of Finance's Budget and Program Division informed New Business Age. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">FCGO’s official Shyamraj Joshi said that the ministries have been told to provide the name of the fund, the purpose of establishing the fund, the name of the body operating the fund, the name of the bank with the account and the amount remaining in the fund till the end of Ashar 2079 to the Ministry of Finance.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Accordingly, departments under the ministry, programs, projects, institutions and the district coordination committee should also give such details to the Finance Ministry.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In 2077, the government did the same and mobilized such funds. Back then, Finance Ministry raised about Rs 2 billion from such funds.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">At that time, the FCGO found more than 150 inactive funds. It was estimated that there were Rs 4 billion in those funds. Officials of the FCGO are expecting that the fund and amount will likely increase this year.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16993', 'image' => '20230313041732_1678585862.Clipboard28.jpg', 'article_date' => '2023-03-13 16:15:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17254', 'article_category_id' => '218', 'title' => 'Rastriya Banijya Bank Signs Agreement With Nepal Remit International ', 'sub_title' => '', 'summary' => 'Rastriya Banijya Bank has signed an agreement with Nepal Remit International, enabling migrant workers from different countries to transfer remittances through the bank to their families, friends and loved ones in Nepal. ', 'content' => '<p> </p> <p><span style="font-size:18px">March 13: Rastriya Banijya Bank has signed an agreement with Nepal Remit International, enabling migrant workers from different countries to transfer remittances through the bank to their families, friends and loved ones in Nepal. </span></p> <p><span style="font-size:18px">Rastriya Banijya Bank’s Chief Executive Officer(CEO) Kiran Kumar Shrestha and Remit’s Chief Executive Officer(CEO) Sagar Khanal signed memorandum of the understanding on Friday. </span></p> <p><span style="font-size:18px">Following the agreement, remittance sent by the migrant workers through the Rastriya Banijya Bank’s channel will be paid to their families, relatives, and concerned individuals from Banijya Bank’s branches in Nepal. </span></p> <p><span style="font-size:18px">Officials at the bank say that the agreement will help earn foreign currency in the country. The Bank’s Deputy CEO Saraswoti Adhikari, other high-level officials and Remit’s Deputy General Manager Dev Bahadur Thapa were present on the occasion. </span></p> <p><span style="font-size:18px">Rastriya Banijya Bank has been serving customers through 265 branches, 46 extension counters, 269 ATMs and 99 branchless banking units across the country. </span><br /> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16992', 'image' => '20230313040901_collage - 2023-03-13T160947.095.jpg', 'article_date' => '2023-03-13 16:07:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '17253', 'article_category_id' => '218', 'title' => 'Nabil Bank Organises Workshop on Workplace Harassment', 'sub_title' => '', 'summary' => 'March 13: Nabil Bank recently organized a workshop on workplace harassment for its employees.', 'content' => '<p><span style="font-size:18px">March 13: Nabil Bank recently organized a workshop on workplace harassment for its employees. The workshop organized on the occasion of the International Women’s Day last week to raise awareness on the issue of workplace harassment. <br /> Issuing a statement, the bank said that a total of 70 employees attended the workshop, which was organized in collaboration with Fight Back. <br /> Both male and female employees of the bank attended the workshop. <br /> According to the statement, employees of the bank’s branches within the Kathmandu valley attended the workshop in person while the staff employed outside the valley attended the workshop online.<br /> During the workshop, the participants were informed about workplace harassment and how such harassments are done and how to stay aware of workplace harassment and cope with such situation. The participants were given practical demonstration during the workshop.<br /> Nabil Banks CEO Gyanendra Prasad Dhungana said that this kind of informative programme is important to boost the morale of the employees and to help them overcome such harassments.<br /> The organisers explained the participants about legal provisions related to workplace harassment. They were also informed about ways to protect themselves with whatever tools available nearby, said one of the participants Riya Basnet.<br /> </span><br /> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16991', 'image' => '20230313035834_20230308_153801.jpg', 'article_date' => '2023-03-13 15:57:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17252', 'article_category_id' => '1', 'title' => 'Newly-elected President Paudel Sworn In ', 'sub_title' => '', 'summary' => 'March 13: Newly-elected President Ram Chandra Paudel took the oath of office and secrecy amidst a special ceremony held at the Office of the President, Sheetal Niwas on Monday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 13: Newly-elected President Ram Chandra Paudel took the oath of office and secrecy amidst a special ceremony held at the Office of the President, Sheetal Niwas on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Acting Chief Justice Hari Krishna Karki administered the oath to the President-elect Paudel on the occasion. Paudel was elected to the coveted post on March 9. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Constitution of Nepal has the provision which states that the President-elect, before assuming office, should take the oath of office and secrecy from the chief justice in accordance with the federal law. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Outgoing President Bidya Devi Bhandari, Vice President Nanda Bahadur Pun, Prime Minister Pushpa Kamal Dahal, National Assembly Chair Ganesh Prasad Timilsina, former President Dr Ram Baran Yadav, former prime ministers and former chairman of the Council of Ministers were present on the occasion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also present at the ceremony were the deputy prime minister, ministers, members of parliament, heads of constitutional bodies, special-class officers of the government, chiefs of the security bodies, representatives of diplomatic missions in Nepal, leaders of various political parties, media persons, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Outgoing President Bhandari, Vice President Pun, Prime Minister Dahal, former prime ministers, among the dignitaries congratulated President Paudel following the swearing-in ceremony. Also on the occasion, President Paudel and Prime Minister Dahal bid farewell to outgoing President Bhandari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepalese Army presented a special guard of honour on the occasion. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16990', 'image' => '20230313032424_PRO_KTM-IMG-3221 - Copy.jpg', 'article_date' => '2023-03-13 15:23:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17251', 'article_category_id' => '1', 'title' => 'How is the Country becoming Poor because of the Rich? ', 'sub_title' => 'Nepal’s Expenses for Foreign Education is More than Income from Tourism', 'summary' => 'March 13: The net service income of the country is in a deficit of Rs 38.45 billion in the first seven months of the current fiscal year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">March 13: The net service income of the country is in a deficit of Rs 38.45 billion in the first seven months of the current fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the data published by the Nepal Rastra Bank, the net service income deficit this year is lower than that in the corresponding period of last year. In the same period of the previous year, the net service income was at a deficit of Rs 55.9 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Under the service account, the travel income increased by 107.4 percent during this period. In the period of seven months, tourists coming to Nepal have spent Rs 32.24 billion. In the same period of the previous year, such income was only Rs 15.54 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the central bank, during this period, travel expenses under the service account increased by 56.6 percent to Rs 62.57 billion. Out of this amount, the expenditure on education stood at Rs 43.74 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">In the same period of the previous year, the expenditure under tourism was Rs 39.96 billion, while the expenditure on education was only Rs 22.60 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">After the improvement in Nepal's tourism business, the service income increased by 107 percent, but the service income account did not turn profitable because the expenditure on education increased by 100 percent.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">It means that the Nepalese people spent more money on foreign education than the income which the country earns from foreign tourists.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">If the Nepalese did not spend on education (Rs 43.74 billion), Nepal's service account (currently at a deficit of Rs 38.45 billion) would have been in a surplus by more than Rs 5 billion.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16989', 'image' => '20230313020040_foreign education.jpg', 'article_date' => '2023-03-13 13:59:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17250', 'article_category_id' => '1', 'title' => 'Bank and Financial Problem Struggle Committee Organises Protest at Maitighar', 'sub_title' => '', 'summary' => 'March 13: The victims of banks and financial institutions (BFIs) staged a protest at Maitighar Mandala in Kathmandu on Sunday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">March 13: The victims of banks and financial institutions (BFIs) staged a protest at Maitighar Mandala in Kathmandu on Sunday. The protest was organized by the Bank and Financial Problem Struggle Committee. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The committee held the peaceful demonstration to draw the attention of the government, regulatory bodies and banks and financial institutions to solve the problems related to bank and financial institutions.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The customers of banks and financial institutions are currently facing problems such as unnatural increase in interest rate due to the lack of investable capital and liquidity in the banking system. The committee also drew attention to the arbitrary base rate of banks, wrong practice of banks in adding premium rate to base rate arbitrarily, obstruction in imports, unreasonable working capital credit guidelines etc. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Business organisations from across the country formed the committee as a collective effort to resolve the problems after the BFIs and regulatory bodies did not take initiatives to resolve the problems despite the organisations drawing the attention of banks and financial institutions to this end.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Gopal Agarwal, general secretary of the Federation of Nepal Electricians informed that the committee held a mass protest program at Maitighar Mandala, Kathmandu on Sunday. The protest was attended by industrialists/businessmen from all over the country.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16988', 'image' => '20230313125738_IMG20230312115242_1678605743.jpg', 'article_date' => '2023-03-13 12:56:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17249', 'article_category_id' => '1', 'title' => 'Forex Reserves Improve in First Seven Months of Current Fiscal Year ', 'sub_title' => '', 'summary' => 'March 13: There has been a significant improvement in the country's foreign currency reserves in the first seven months of the current fiscal year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 13: There has been a significant improvement in the country's foreign currency reserves in the first seven months of the current fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">By the end of last fiscal (FY 2021/22), the total forex reserves was calculated at Rs 1215.80 billion and now it has reached Rs 1383.33 billion with a rise of 13.8 percent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Nepal Rastra Bank, gross foreign exchange reserves increased by 13.8 percent to stand at Rs 1383.33 billion in mid-February 2023 from Rs 1215.80 billion in mid-July 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> In the US dollar terms, such reserves increased by 10.2 percent and reached 10.50 billion from 9.54 billion in the review period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the total foreign exchange reserves, reserves held by NRB increased by 16.2 percent to Rs 1228.05 billion in mid-February 2023 from Rs 1056.39 billion in mid-July 2022. Likewise, reserves held by banks and financial institutions (except NRB) fell by 2.6 percent to Rs 155.28 billion in mid-February 2023 from Rs 159.41 billion in mid-July 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the share of Indian currency in total reserves stood at 22.4 percent as mid-February this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Based on the data of seven months of 2022/23, the foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 10.8 months, and merchandise and services imports of 9.4 months. </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 ratio of reserves-to-GDP, reserves-to imports and reserves-to-M2 stood at 28.5 percent, 78.3 percent and 24.0 percent respectively in mid-February 2023. Such ratios were 25.1 percent, 57.8 percent and 22.1 percent respectively in mid-July 2022. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16987', 'image' => '20230313111521_20230207114205_FER - Copy.jpg', 'article_date' => '2023-03-13 11:14:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17248', 'article_category_id' => '1', 'title' => 'Newly-elected President Paudel to take Oath of Office Today ', 'sub_title' => '', 'summary' => 'March 13: Newly-elected President Ram Chandra Paudel is scheduled to take the oath of office and secrecy today (March 13).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 13: Newly-elected President Ram Chandra Paudel is scheduled to take the oath of office and secrecy today (March 13). The Office of the President is hosting a special ceremony at Sheetal Niwas to administer the oath to the President-elect Paudel at 1.00 pm on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal's constitution has specified a provision that the president shall take the oath of office and secrecy from the chief justice before assuming the office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Acting Chief Justice Hari Krishna Karki would administer oath of office and secrecy to the newly-elected president. </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"">Paudel was elected the president on March 9. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The country had adopted the practice of presidential system with the establishment of republic as an outcome of the 2006 April uprising. </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"">As per the constitution, the president shall assume the role as the guardian of the country and shall work to promote national unity. The post of president is a ceremonial role and the president's main responsibility is to safeguard the constitution. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the constitution, the term of the president is five years from the date of his/her election to the post and the person elected twice to the post is not allowed to become a presidential candidate again.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16986', 'image' => '20230313105522_1678361137.jpg', 'article_date' => '2023-03-13 10:54:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17247', 'article_category_id' => '277', 'title' => 'Agro Production Surges In Sudurpaschim Province', 'sub_title' => '', 'summary' => 'Sudurpaschim Province has witnessed rise in production and productivity of agriculture sector in the last few years. Agriculture sector saw its production increased after farmers started commercial farming.', 'content' => '<p> </p> <p><span style="font-size:18px"> March 13: Sudurpaschim Province has witnessed rise in production and productivity of agriculture sector in the last few years. Agriculture sector saw its production increased after farmers started commercial farming.</span></p> <p><span style="font-size:18px">Director Yagyaraj Joshi at the Agriculture Directorate Dipayal Office said that agricultural production had surged by two percent. “Agricultural production has risen by 2 percent while fruit production has also gone up remarkably,” said Joshi.</span></p> <p><span style="font-size:18px">According to the data at Ministry of Land Management, Agriculture, and Cooperative, major food crops were cultivated in 3,16,789 hectares of the land in fiscal year 2074/75 BS compared to 3,63,793 hectares of the land in the fiscal year of 2078/79.</span></p> <p><span style="font-size:18px">Productivity of the food crops has increased from 2.7 metric tons per hectare to 3.7 metric tons per hectare. Production of paddy and wheat has surged by 3.5 percent.</span></p> <p><span style="font-size:18px">Under seed increase programme, seeds of paddy, wheat, maize, potato, vegetables, and mustard oil are being produced in the province. Seed increase programme is being run to increase the seeds of vegetables and food items through Farmers’ Group and Farmers’ Cooperative to make the province self-dependent by replacing the import.</span></p> <p><span style="font-size:18px">Eighteen seed processing and companies have been set up in Kailali, Dadeldhura, Baitadi and Kanchanpur districts, helping the marketing of seeds. Produced seeds are being exported to various districts.</span></p> <p><span style="font-size:18px">More than 4,491 families have been provided with power tillers, mini-tillers, rotavators, among others, on 50 percent grants. Farmers’ group and Farmer Cooperative have rented 74 bigaha land of Rastriya Aabash Company Limited and have been producing seeds of paddy, wheat, and mustard oil. </span></p> ', 'published' => true, 'created' => '2023-03-13', 'modified' => '2023-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '16985', 'image' => '20230313055533_collage - 2023-03-12T185216.087.jpg', 'article_date' => '2023-03-13 05:47:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17246', 'article_category_id' => '1', 'title' => 'Nepal Retains ODI Status with win over UAE ', 'sub_title' => '', 'summary' => 'March 12: Nepal has retained its ODI status after registering an extraordinary 177-run win over the United Arab Emirates in the final tri-series of the ICC Men's Cricket World Cup League-2 at the Kirtipur-based Tribhuvan University International Cricket Ground. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 12: Nepal has retained its ODI status after registering an extraordinary 177-run win over the United Arab Emirates in the final tri-series of the ICC Men's Cricket World Cup League-2 at the Kirtipur-based Tribhuvan University International Cricket Ground. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ODI status will be valid for the next four years. According to the provision, the International Cricket Council (ICC) provides the ODI status to a team which secures top five places under the League-2. With this win, Nepal has climbed to the fourth position ahead of other three participating countries. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of the total 36 matches a participating country has to play under the League, Nepal has so far played 34, collecting 36 points. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the UAE has got 31 points from 34 games it played so far, and is in the sixth place. Elected to bat first after winning the toss, Nepal made 248 runs in 49.2 overs losing all wickets. Their start was not so good as they lost three wickets for only 22 runs. However, Capitan Rohit Kumar Paudel steadied Nepal’s innings by scoring 77 runs off 112 deliveries with nine boundaries. He was named the player of the match. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Aarif Shekh contributed 43 runs off 52 balls, Gulsan Jha 37 off 31, Dipendra Singh Airee 34 off 19 and Bhim Sarki 29 off 37. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">For the UAE, Aayan Afzal Khan, Zahoor Khan, Rohan Mustafa and Zawar Farid took two wickets each. Similarly, Aryan Lakra and Junaid Siddique bagged one wicket each. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal excelled in bowling to register the win. Chasing the 249-run target, UAE was dismissed for a meagre 71 runs in 22.5 overs at the loss of all wickets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They hit only eight runs before losing four wickets. Except three players, UAE's other players did not score in double digits. Aayan Afzal hit the highest 29 runs, and Ashwanth Valthapa 14. Similarly, Karthik Meiyappan remained unbeaten on 11. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">For Nepal, Lalit Narayan Rajbanshi contributed significantly to make the team victorious as he bagged five wickets conceding 20 runs off 47 balls with two maiden overs. Similarly, Sandeep Lamichhane took two wickets conceding 14 runs off 24 balls. Also, Sompal Kami, Airee and Jha claimed one wicket each. </span><span style="font-family:"Arial Unicode MS","sans-serif"">-- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16984', 'image' => '20230312092438_FpKelCiaAAIa42e.jpg', 'article_date' => '2023-03-12 21:23:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17245', 'article_category_id' => '1', 'title' => 'Export and Import Decline in Seven Months of Current FY', 'sub_title' => '', 'summary' => 'March 12: Both export and import to and from Nepal have decreased in the first seven months of the current fiscal year (FY 2022/23). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 12: Both export and import to and from Nepal have decreased in the first seven months of the current fiscal year (FY 2022/23). The Current Macroeconomic and Financial Situation, based on seven months' data ending mid-February, released by Nepal Rastra Bank (NRB) on Sunday states that during the seven months of 2022/23, merchandise exports decreased 29.0 percent to Rs 93.43 billion against an increase of 88.3 percent in the same period of the previous fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Destination-wise, exports to India and China decreased 37.7 percent and 13.4 percent respectively whereas exports to other countries increased 8.0 percent. Exports of zinc sheet, cardamom, particle board, woolen carpets, polyester yarn and thread, among others, increased whereas exports of soybean oil, palm oil, oil cakes, textiles, silverware and jewelries, among others, decreased in the review period, added the report. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the seven months of FY 2022/23, merchandise imports also decreased 19.9 percent to Rs 919.17 billion against an increase of 42.8 percent a year ago. Destination-wise, imports from India, China and other countries decreased 18.0 percent, 24.3 percent, and 22.0 percent respectively. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Imports of petroleum products, sponge iron, chemical fertilizer, gold, other stationeries, among others, increased whereas imports of transport equipment and parts, medicine, MS billet, telecommunication equipment and parts, silver, among others, decreased in the review period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Based on customs points, exports from Bhairahawa, Dry Port, Jaleshwar, Kailali, Krishnanagar, Mechi, Nepalgunj, Rasuwa and Tribhuwan Airport Customs Offices increased whereas exports from all the other major customs points decreased in the review period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Imports </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the import side, imports from all the major customs points decreased in the review period.</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"">According to the NRB report, the total trade deficit decreased 18.7 percent to Rs 825.73 billion during the seven months of FY 2022/23. Such a deficit had increased 38.4 percent in the corresponding period of the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The export-import ratio decreased to 10.2 percent in the review period from 11.5 percent in the corresponding period of the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the seven months of 2022/23, merchandise imports from India by paying convertible foreign currency amounted to Rs 71.78 billion. Such amount was Rs 128.17 billion in the same period of the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the Broad Economic Categories (BEC), the intermediate and final consumption goods accounted for 53.9 percent and 45.5 percent of the total exports respectively, whereas the ratio of capital goods in total exports remained negligible at 0.53 percent in the review period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the same period of the previous year, the ratio of intermediate, capital and final consumption goods remained 48.2 percent, 0.02 percent and 51.7 percent of total exports respectively. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the imports side, the share of intermediate goods remained 53.1 percent, capital goods 8.6 percent and final consumption goods remained 38.3 percent in the review period. Such ratios were 53.7 percent, 10.9 percent and 35.4 percent respectively in the same period of the previous year. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16983', 'image' => '20230312060639_Trade.jpg', 'article_date' => '2023-03-12 18:05:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17244', 'article_category_id' => '1', 'title' => 'Consumer Price Inflation Rises to 7.88 Percent: NRB', 'sub_title' => '', 'summary' => 'March 12: The year-on-year (y-o-y) consumer price inflation increased to 7.88 percent in mid-February 2023 compared to 6.24 percent a year ago, according to the latest report of Nepal Rastra Bank (NRB).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 12: The year-on-year (y-o-y) consumer price inflation increased to 7.88 percent in mid-February 2023 compared to 6.24 percent a year ago, according to the latest report of Nepal Rastra Bank (NRB). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report released by NRB on Sunday revealed that food and beverage inflation stood at 6.19 percent whereas non-food and service inflation rose to 9.22 percent in the review month.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the food and beverage category, y-o-y price index of restaurant and hotel subcategory increased 15.24 percent, cereal grains and their products 12.39 percent, tobacco products 10.83 percent, alcoholic drinks 8.78 percent, and spices 8.04 percent</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the non-food and services category, y-o-y price index of transportation subcategory increased 15.58 percent, health 10.39 percent, housing and utilities 9.78 percent, furnishing and household equipment 9.00 percent and recreation and culture 8.81 percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the review month, consumer price inflation in the Kathmandu Valley increased the most at 8.47 percent compared to Terai, hills and the mountains where CPI was recorded at 7.82 percent, 7.30 percent and 7.92 percent respectively. Inflation in these regions were 5.47 percent, 6.50 percent, 6.71 percent and 5.97 percent respectively a year ago, the central bank’s report added.</span></span></p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16982', 'image' => '20230312052720_Inflation.jpg', 'article_date' => '2023-03-12 17:25:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17243', 'article_category_id' => '274', 'title' => ' Balance of Payment (BOP) at Surplus Of Rs 133.21 Billion ', 'sub_title' => '', 'summary' => 'Nepal has reported a surplus of Rs 133.21 billion in the balance of Payments (BOP) in the seven months of the current fiscal year. ', 'content' => '<p><span style="font-size:18px"> <br /> March: Nepal has reported a surplus of Rs 133.21 billion in the balance of Payments (BOP) in the seven months of the current fiscal year. </span></p> <p><span style="font-size:18px"> The balance of Payments (BOP) stood at a deficit of Rs 247 billion in the same period of the last fiscal year, according to the Current Macroeconomic and Financial Situation Report published by Nepal Rastra Bank on Sunday. </span></p> <p><span style="font-size:18px">In American Dollar terms, the Balance of Payments (BOP) has remained at a surplus of 1.1 billion in the review period compared to a deficit of USD 2.7 billion in the same period of the last fiscal year. </span></p> <p><span style="font-size:18px">According to the Nepal Rastra Bank, the current account has remained at a deficit of Rs 29.64 billion in the first seven months of the current fiscal year compared to a deficit of Rs 411.34 billion in the same period of the last FY. </span></p> <p><span style="font-size:18px">In the US Dollar terms, the current account is at a deficit of 230 million compared to a deficit of 3.45 billion in the same period of the last fiscal year. </span><br /> </p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16981', 'image' => '20230312050438_collage - 2023-03-12T170408.041.jpg', 'article_date' => '2023-03-12 17:01:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '17242', 'article_category_id' => '274', 'title' => 'Remittance Inflow Increases By 27.1 Percent In Seven Months', 'sub_title' => '', 'summary' => 'Nepal has witnessed the inflow of remittance worth over Rs 689 billion in seven months of the current fiscal year, 2022/23. ', 'content' => '<p><span style="font-size:18px">March 12: Nepal has witnessed the inflow of remittance worth over Rs 689 billion in seven months of the current fiscal year, 2022/23. </span></p> <p><span style="font-size:18px">The remittance influx witnessed a 27.1 percent rise compared to the previous fiscal year, according to details of seven months of the current FY made public by the Nepal Rastra Bank on Sunday.</span></p> <p><span style="font-size:18px">There was a 4.4 percent drop in the remittance influx during the same period of the previous fiscal year. Similarly, remittance inrush in USD has increased by 16.4 percent and reached USD 5.3 billion. The figure dropped 5.3 percent during the same period in the previous fiscal year.</span></p> <p><span style="font-size:18px">Similarly, the number of Nepali migrant workers employed in the foreign countries by receiving final labour agreement (both new institutional and individual) surged by 57.3 percent. In the seven months of the current fiscal year, as many as 3, 14,767 migrant workers received the final labour agreement for the foreign jobs. </span></p> <p><span style="font-size:18px">The figure of migrant workers who got their labour permit renewed increased by 10.1 percent to reach the total 167,708. Likewise, the net transfer increased by 25.2 percent to stand at more than Rs 759 billion in the review period. Such a transfer had dropped a 3.7 percent during the same period of the previous fiscal year. (with inputs from RSS)</span><br /> </p> ', 'published' => true, 'created' => '2023-03-12', 'modified' => '2023-03-12', 'keywords' => '', 'description' => '', 'sortorder' => '16980', 'image' => '20230312041400_collage - 2023-03-12T160503.982.jpg', 'article_date' => '2023-03-12 16:06:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
