February 9: Surya Nepal Pvt Ltd, a leading multinational company based in Nepal, has pledged financial assistance of more than Rs 11 million to the ‘Clean Mountain Campaign…
February 9: Surya Nepal Pvt Ltd, a leading multinational company based in Nepal, has pledged financial assistance of more than Rs 11 million to the ‘Clean Mountain Campaign…
February 9: United States Agency for International Development (USAID) Administrator Samantha Power has said that supporting Nepal is a priority of the United States (US). …
February 8: The government is preparing an integrated plan to develop tourism infrastructures in Khaptad, a scenic pasture land in far-western…
Construction of Superdordi ‘Kha’ Hydropower Project with installed capacity of 54 megawatt has been completed in…
February 8: The government has decided to send medical teams and essentials to Turkey in the aftermath of a devastating earthquake…
Deputy Prime Minister and Minister for Physical Infrastructure and Transport, Narayankaji Shrestha, said that government had accorded priority to good governance and prosperity of the…
February 8: Up to 15 million people face risk of catastrophic flooding from glacial lakes which could burst their natural dams at any moment, a new study has…
February 8: The Pokhara chapter of Hotel Association of Nepal has urged the Embassy of China in Kathmandu to include Nepal in its tourist destination…
February 8: Khetan Group is preparing to end its partnership with Danish beer producer…
February 8: The price of gold has increased by Rs 200 per tola (11.66 grams) in the domestic market on Wednesday compared to the previous trading…
February 8: The share market inclined sharply on Tuesday a day after Nepal Rastra Bank (NRB) released data showing overall improvement in macroeconomic…
February 8: The United States Agency for International Development (USAID) has enhanced its support to advance democratic progress in…
The government has set the target to export pashmina worth 750 million in the US Dollar till 2026. Keeping in mind the target, the Nepal government has unveiled “Pashmina Sector Export National…
February 7: Tourism entrepreneurs are excited due to the initiative to start of jeep safari from Nawalpur to Chitwan National Park…
February 7: The Government of India has increased the customs duty on gold import through the budget for the fiscal year…
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Everest and other mountains such as Annapurna and Lhotse with the objective of making those mountains clean.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16715', 'image' => '20230209120632_1675897547.Clipboard06.jpg', 'article_date' => '2023-02-09 12:05:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16975', 'article_category_id' => '1', 'title' => 'There is no Geopolitical Dimension in US Assistance to Nepal: USAID Administrator Power ', 'sub_title' => '', 'summary' => 'February 9: United States Agency for International Development (USAID) Administrator Samantha Power has said that supporting Nepal is a priority of the United States (US). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 9: United States Agency for International Development (USAID) Administrator Samantha Power has said that supporting Nepal is a priority of the United States (US). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a press conference organized in Kathmandu on Wednesday before wrapping up her two-day visit to Nepal, Power clarified that there was no geopolitical dimension in the US assistance to Nepal. She said that the US has been supporting Nepal since the establishment of diplomatic relations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Administrator Power said that Nepal has an opportunity to strengthen federalism following the successful general elections and advance the inclusion of women and marginalized communities, empower the youth and show that democracy can bring results for the benefit of its citizens. The US will continue to partner towards that end, added Power. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During her visit, Power announced on Tuesday that the USAID will provide assistance of up to US$ 58.5 million to Nepal's government, civil society and the private sector to advance Nepal's democratic progress. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16714', 'image' => '20230209105340_IMG-20230208-WA0000 - Copy.jpg', 'article_date' => '2023-02-09 10:52:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16974', 'article_category_id' => '1', 'title' => 'IBN Seeks Proposals for Feasibility Study of Khaptad Tourism Project ', 'sub_title' => '', 'summary' => 'February 8: The government is preparing an integrated plan to develop tourism infrastructures in Khaptad, a scenic pasture land in far-western Nepal.', 'content' => '<p><span style="font-size:18px">February 8: The government is preparing an integrated plan to develop tourism infrastructures in Khaptad, a scenic pasture land in far-western Nepal.<br /> The Investment Board Nepal (IBN) on Wednesday issued a 15-day notice seeking the proposals for conducting a feasibility study for an integrated tourism project and a long-term plan for the development of Khaptad.<br /> The notice states that the interested parties can submit the proposal online. Once the proposal is selected, the successful bidder will be given one year period for conducting the feasibility study and preparing a long-term plan. <br /> The Investment Board had showcased this project during the International Investment Summit organized by the government organized in March 2019. As per the project bank details prepared for the investment summit, the cost of integrated tourism and transport infrastructures construction was estimated to be around US$ 187 million. <br /> The board had developed a plan for the construction of a seven-km long cable car from Jhigrana Post of Doti district to the Khaptad National Park office. Similarly, other infrastructures planned for this project were the establishment of two-star hotels, golf course, yoga and meditation centres, horse riding arena, helipad, sky diving service among others. <br /> The project will be run in public-private partnership model, the board said. (With inputs from RSS) </span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16713', 'image' => '20230209102203_Bucci_Flower.jpg', 'article_date' => '2023-02-09 10:20:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16973', 'article_category_id' => '1', 'title' => 'Construction of Superdordi Hydropower Over; To Generate Power Within Month', 'sub_title' => '', 'summary' => 'Construction of Superdordi ‘Kha’ Hydropower Project with installed capacity of 54 megawatt has been completed in Lamjung. ', 'content' => '<p><br /> <span style="font-size:18px">February 9: Construction of Superdordi ‘Kha’ Hydropower Project with installed capacity of 54 megawatt has been completed in Lamjung. Constructed by People’s Hydropower Company Limited at Dhodeni of Dordi Rural Municiplaity-6, Lamjung , test of the project’s dam and descender is underway at the moment. </span></p> <p><span style="font-size:18px">According to the hydropower’s site in-charge Ramesh Sigdel, the work to collect water in descender is going on after the completion of all types of construction work a few days ago.</span></p> <p><span style="font-size:18px">Testing of the hydropower project is underway by putting water in the intake and descender. Testing of the major tunnel and other structures will start from February 11. </span></p> <p><span style="font-size:18px">After around 22 days’ testing of the main tunnel, test production of the hydropower will follow. The project has 5.1-kilometre-long tunnel. The project has total of 10.350 kilometres of tunnel. </span></p> <p><span style="font-size:18px">Hydropower project stated that India’s blockade, flood in Dordikhola, COVID-19 and lockdown had delayed the construction work. The total cost of the project has reached 10.5 billion though preliminary cost estimation for the project was Rs 8.80 billion. </span></p> <p><span style="font-size:18px">The hydropower had started construction in 2016 after signing Power Purchase Agreement (PPA) with Nepal Electricity Authority (NEA) in 2015. The company had set the target to finish the project within four years. </span></p> <p><span style="font-size:18px">The deadline was repeatedly extended for failing to finish the construction of the hydropower project. <br /> Run-of-the-river type hydropower is expected to generate 315 million units of electricity annually. </span></p> <p><span style="font-size:18px">As per the PPA with Nepal Electricity Authority, the hydropower will sell per unit electricity at Rs 8.40 in dry season and at Rs 4.80 in the summer season. </span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16712', 'image' => '20230209061104_collage (41).jpg', 'article_date' => '2023-02-09 06:01:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '16971', 'article_category_id' => '1', 'title' => 'Government Prepares to Dispatch Medical Team and Essentials to Quake-Hit Turkey ', 'sub_title' => '', 'summary' => 'February 8: The government has decided to send medical teams and essentials to Turkey in the aftermath of a devastating earthquake there. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The government has decided to send medical teams and essentials to Turkey in the aftermath of a devastating earthquake there. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the National Council for Disaster Risk Reduction and Management held at the Office of the Prime Minister and Council of Ministers on Wednesday took a decision to this effect. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, Prime Minister Pushpa Kamal Dahal termed Turkey as a good friend of Nepal and stressed the need of joining hands with it during the crisis. </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"">“Turkey is a good friend of Nepal. In the past, Turkey was with us during the need and emergency and it is our responsibility to stand by its side during these hours of grief,” he said, proposing the meeting to send medical teams and emergency goods and essential logistics as soon as possible. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by Deputy Prime Minister and Finance Minister Bishnu Poudel, Chief Secretary Shanker Das Bairagi, Chief of Army Staff Parabhu Ram Sharma and office-bearers and members of the committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Turkey was struck by a 7.8 magnitude earthquake on Monday, causing massive loss of lives and property. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16710', 'image' => '20230208071705_XxjpbeE007026_20230208_PEPFN1A001.JPG', 'article_date' => '2023-02-08 19:16:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16970', 'article_category_id' => '1', 'title' => 'Good governance and prosperity government’s priority, says Deputy Prime Minister Shrestha ', 'sub_title' => '', 'summary' => 'Deputy Prime Minister and Minister for Physical Infrastructure and Transport, Narayankaji Shrestha, said that government had accorded priority to good governance and prosperity of the country. ', 'content' => '<p><br /> <span style="font-size:18px">February 8: Deputy Prime Minister and Minister for Physical Infrastructure and Transport, Narayankaji Shrestha, said that government had accorded priority to good governance and prosperity of the country. </span></p> <p><span style="font-size:18px">Addressing the 20th anniversary ceremony of the Commune at Gauridanda of Bardibas-3 in Mahottari district on Wednesday, Deputy Prime Minister mentioned that the government had adopted the infrastructure development as a major policy to achieve the goal of development and prosperity.</span></p> <p><span style="font-size:18px">Deputy Prime Minister Shrestha, who is also main patron of the Commune, recalled that the Commune was established 20 years ago with an intension of adopting 'Collective Practice for Social Transformation'. </span></p> <p><span style="font-size:18px">Shrestha further said that the organisation established with the vision of transforming oneself into a commune lifestyle and giving up personal wealth would be helpful in controlling the corruption and ensuring good governance in the society.</span></p> <p><span style="font-size:18px">A total of 16 families including family of former Minister Girirajmani Pokhrel are now residing in the commune. </span><br /> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16709', 'image' => '20230208064335_collage (40).jpg', 'article_date' => '2023-02-08 18:41:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '16969', 'article_category_id' => '1', 'title' => '15 Million People Face Catastrophic Risk from GLOF', 'sub_title' => '', 'summary' => 'February 8: Up to 15 million people face risk of catastrophic flooding from glacial lakes which could burst their natural dams at any moment, a new study has found.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 8: Up to 15 million people face risk of catastrophic flooding from glacial lakes which could burst their natural dams at any moment, a new study has found.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the BBC, the study led by Newcastle University is the first global attempt to map potential hotspots for such floods.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The impact of global warming has increased both the volume and number of glacial lakes worldwide, the report published in the journal Nature Communications states.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The study assessed the conditions of lakes and the number of people living downstream from them, which has also increased significantly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">'There are a large number of people globally exposed to the impacts of these floods," BBC quoted Rachel Carr, a glaciologist at Newcastle University and an author on the paper as saying.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"It could happen at any point - that's what makes them particularly dangerous, because it's hard to predict exactly when they will happen."</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The authors say those facing the greatest threat live in mountainous countries in Asia and South America.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">More than half of the globally exposed population are found in just four countries: India, Pakistan, Peru, and China, Nature Communications wrote on its website.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Populations in High Mountains Asia (HMA) are the most exposed and on average live closest to glacial lakes with ~1 million people living within 10 km of a glacial lake.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"It's how close people are to those lakes, and their capacity to respond to the disaster that's important," said Dr Carr.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Lakes formed by melting glaciers have natural dams of loose rocks and ice that can fail suddenly and unpredictably.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Glacial lake outburst floods (GLOFs) can be highly destructive and can arrive with little prior warning, causing significant damage to property, infrastructure, and agricultural land, and resulting in extensive loss of life.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Authors of the study stressed the importance of early warning systems such as time-lapse cameras.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Stephan Harrison, a leading expert on the impact of climate change on glacial lakes at the University of Exeter, who was not involved in the research told BBC that the research was only a first step towards better understanding of the impact of climate change on what are known as glacial lake outburst floods (GLOFs).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">That relationship is complex and made harder to prove by what scientists suspect to be a long time lag between cause and effect, concluded the report.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16708', 'image' => '20230208043855_glacial-lake-Himalayas-Nepal-Ama-Dablam.jpg', 'article_date' => '2023-02-08 16:38:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16968', 'article_category_id' => '1', 'title' => 'China urged to Include Nepal in its Tourist Destination List ', 'sub_title' => '', 'summary' => 'February 8: The Pokhara chapter of Hotel Association of Nepal has urged the Embassy of China in Kathmandu to include Nepal in its tourist destination list. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The Pokhara chapter of Hotel Association of Nepal has urged the Embassy of China in Kathmandu to include Nepal in its tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a request letter to the Chinese Ambassador to Nepal, Chen Song, the association’s Chairman Laxman Subedi has stated that tourism entrepreneurs are ready and hopeful to welcome Chinese tourists in Nepal in 2023. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In his letter, Subedi has stated that the Aasociation is saddened as Nepal was not included in the Chinese government’s tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After a gap of three years after the COVID-19 pandemic, the government of China has released the names of 20 countries as tourist destinations for its citizens. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the letter written to the embassy, the association has asked the Chinese side to rethink its decision and include Nepal in the tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Subedi said that Chinese ambassador has responded positively to the letter of the association. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16707', 'image' => '20230208030556_20220811101027_Flag-Pins-Nepal-China.jpg', 'article_date' => '2023-02-08 15:05:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16967', 'article_category_id' => '1', 'title' => 'Khetan Group to Part Ways with Carlsberg', 'sub_title' => '', 'summary' => 'February 8: Khetan Group is preparing to end its partnership with Danish beer producer Carlsberg.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">February 8: Khetan Group is preparing to end its partnership with Danish beer producer Carlsberg. If Carlsberg of Denmark accepts the proposal of Khetan Group to leave the partnership, then Khetan Group will receive around Rs 100 billion. However, Carlsberg is yet to accept Khetan Group's proposal. If Carlsberg agrees to Khetan Group's proposal, it will be Nepal's biggest ever purchase and sale deal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Khetan Group proposed to sell the shares of Carlsberg and the holding company (Carlsberg South Asia Pvt. Ltd.) for USD 744 million (about Rs 98.20 billion according to the exchange rate on Wednesday) and exit. This holding company based in Singapore looks after 100 percent of Carlsberg's business in India and 90 percent in Nepal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">One of the main investors of Carlsberg South Asia Pvt Ltd is CP Khetan, brother of industrialist Rajendra Khetan. As per the partnership deal, 66.7 percent share ownership is with Carlsberg Group and 33.3 percent with Khetan Group. According to Carlsberg, Khetan Group gave a formal notice to sell all the shares it has. Carlsberg mentioned in its report that Khetan Group will sell 33.3 percent of its shares to Denmark's Carlsberg Group for USD 744 million.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Gorkha Brewery, owned by Carlsberg, Khetan Group and other Nepali businessmen produces Carlsberg, Tuborg, San Miguel and Gorkha beer. Carlsberg also informed that the share purchase process has proceeded according to Khetan Group's proposal. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">There was a serious dispute between Khetan Group and Carlsberg for some time. Carlsberg accused Khetan Group of violating the partnership agreement and good governance. A lawsuit was pending in Singapore between the two parties to settle the dispute. During the hearing of the case, the court had decided that Khetan Group can exit. Carlsberg was ordered to work on purchase option (call option) and Khetan Group to work on sale option (put option).</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the order, both parties appointed international evaluators separately. The average value of the valuations done by those appraisers was fixed at USD 744 million.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Khetan Group submitted a formal proposal on Monday to sell its shares at the same average price. Ten percent ownership of Gorkha Brewery is with other businessmen of Nepal while Rajendra Khetan has 9.95 percent share. The remaining 0.5 percent investment belongs to Dibya Mani Rajbhandari and Kamal Bikram Singh.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16706', 'image' => '20230208022133_1675824049.Clipboard10.jpg', 'article_date' => '2023-02-08 14:20:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16966', 'article_category_id' => '1', 'title' => 'Price of Gold Increases Slightly', 'sub_title' => '', 'summary' => 'February 8: The price of gold has increased by Rs 200 per tola (11.66 grams) in the domestic market on Wednesday compared to the previous trading day.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The price of gold has increased by Rs 200 per tola (11.66 grams) in the domestic market on Wednesday compared to the previous trading day. The Federation of Nepal Gold and Silver Dealers’ Association has fixed the price of fine gold at Rs 104,800 per tola for Wednesday. On Tuesday, the precious yellow metal was traded at 104,600 per tola. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the standard gold is being traded at Rs 104,300 per tola.. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the price of silver plummeted by Rs 5 per tola on Wednesday compared to Tuesday’s price and is being traded at Rs 1,315 per tola. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The federation sets the prices of gold and silver on a daily basis based on the prices in the international market. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16705', 'image' => '20230208125240_gold newwww.jpg', 'article_date' => '2023-02-08 12:51:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16965', 'article_category_id' => '1', 'title' => 'Share Market Rises due to Positive Indications of NRB Report', 'sub_title' => '', 'summary' => 'February 8: The share market inclined sharply on Tuesday a day after Nepal Rastra Bank (NRB) released data showing overall improvement in macroeconomic indicators.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 8: The share market inclined sharply on Tuesday a day after Nepal Rastra Bank (NRB) released data showing overall improvement in macroeconomic indicators. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The secondary market surged by 3.65 percent (76.64 points) on Tuesday to close at 2,177 points. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had released the Current Macroeconomic and Financial Situation Report of the first six months of current fiscal year on Monday which showed improvements in major indicators such as Balance of Payments (BoP), foreign exchange reserves, remittance inflow among others.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB report showed that the BoP remained at a surplus of Rs 97.10 as of mid-January, which will be sufficient to cover the merchandise and services imports for 9.1 months.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The positive indicators boosted the confidence of investors and the daily turnover increased to Rs 3.362 billion on Tuesday from Rs 1.474 billion day before. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The demand for loans is still low because of the high interest rates but the increase in bank deposits has eased the liquidity crisis and has brought down the CD ratio.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Banks’ borrowing from the central bank has also declined with the improvement of liquidity situation. The bank rate has dropped to 4 percent. The central bank has also issued reverse repo worth Rs 5 billion after the liquidity crisis eased. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The interest on deposits has also dropped since mid-January. This indicates that the interest on loans will also drop in the future. All of these indicators have boosted the confidence of the investors.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On top of it, Finance Minister Bishnu Poudel is positive about removing the limit of Rs 210 million for margin lending. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All these factors have contributed to the sharp rise in in share marker, says Damaru Ballav Ghinire, a long-time investor.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Securities Board of Nepal (SEBON) chair Ramesh Hamal had made a commitment on Monday to work for the development and expansion of the secondary market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Investors Forum;s former president Chotelal Rauniyar says Tuesday’s surge in share market as normal. The Nepse index had I ncreased to as high as 3200 points some time ago. However, Rauniyar agrees that the share market investors have been buoyed by the recent report of NRB</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16704', 'image' => '20230208110844_20180911013817_be.jpg', 'article_date' => '2023-02-08 11:08:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16964', 'article_category_id' => '1', 'title' => 'USAID Announces Assistance of Nearly $60 Million to Nepal ', 'sub_title' => '', 'summary' => 'February 8: The United States Agency for International Development (USAID) has enhanced its support to advance democratic progress in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The United States Agency for International Development (USAID) has enhanced its support to advance democratic progress in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">USAID's administrator Samantha power who is on a two-day official visit to Nepal announced to provide USAID assistance up to $ 58.5 million to advance Nepal's democratic progress, subject to availability of funds. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The announcement was made in the presence of representatives of the Government of Nepal, civil society and private sector on Tuesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the US Embassy in Kathmandu, the amount of $ 20.2 million was a part of $659 million development objective agreement announced in 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Following transparent and peaceful election this year, Nepal has an opportunity to strengthen federalism, advance the inclusion of women and marginalized communities, empower youths and demonstrate that democracy can deliver to its people. The US would collaborate with Nepal in these areas, the US embassy said in a statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The USAID investment would further help strengthen public financial management, independent civil society and media, democratic processes and institutions, rule of law and private sector, thereby consolidating its democratic achievements and inviting further wider prosperity and resilience, added the statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">USAID would also continue its assistance to Nepal in its bid to fight against human trafficking. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In order to deliver service in a more accountable and transparent manner from economic perspectives, the investment announced on Tuesday includes up to $20 million to support provincial and local governments towards strengthening inclusive democracy and prosperity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, assistance up to $ 18.5 million is included in the package to support the independent CSOs led by and for women, youth and marginalized community people to advance community needs, fundamental freedoms and accountability. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">USAID would work with the CSOs to develop their skills, credibility and techniques required to engage effectively with the government and the general public. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The international development agency has said that it would also collaborate with media to support efforts to improve public access to credible information and diverse narratives. That will enhance social trust on media. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The USAID has also shared that it would work to strengthen rule of law and legal regime to fight against human trafficking as well as to further enable free and fair elections. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">These new initiative is built on more than 60-years of USAID partnership with the Nepal government and the people, private sector and others to support goals and aspirations of Nepal. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16703', 'image' => '20230208093716_KB_KTM-RE3A7328copy.jpg', 'article_date' => '2023-02-08 09:35:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16963', 'article_category_id' => '1', 'title' => 'Government Formulates National Strategy for Export of Pashmina', 'sub_title' => '', 'summary' => 'The government has set the target to export pashmina worth 750 million in the US Dollar till 2026. Keeping in mind the target, the Nepal government has unveiled “Pashmina Sector Export National Strategy”.', 'content' => '<div> <div> <div> <div> <div> <div> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">February 7: The government has set the target to export pashmina worth 750 million in the US Dollar till 2026. Keeping in mind the target, </span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif""> the Nepal government has unveiled “Pashmina Sector Export National Strategy”.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Amidst a programme organized in Lalitpur, Minister for Industry, Commerce and Supplies Damodar Bhandari released the “Pashmina Sector Export National Strategy” on Tuesday. P</span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">ashmina sector export national strategy was formulated in collaboration with Ministry of Industry, Commerce and Supplies, Trade and Export Promotion Center, Nepal Pashmina Industries Association. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">The national strategy will be technically assisted by International Trade Center under EU Nepal Trade and Investment Programme operated with EU’s support. </span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Minister Bhandari said that national strategy on pashmina export would contribute largely to development and expansion of pashmina industries.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Bhandari informed that a factory would be set up to produce thread out of wools of mountain goats for the first time in Nepal. He claimed that production and quality of pashmina-borne goods would increase following the production of pashmina thread in Nepal from the wools of mountain goats.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">National pashmina export strategy formulated by industry and commerce ministry with EU’s financial assistance and International Trade Center’s technical support sets the target to export the pashmina within five years. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Secretary Madhu Kumar Marasini at the Ministry of Industry, Commerce and Supplies stressed the need to encourage the farmers to keep mountain goats in the mountainous districts for wool production.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">“We can export pashmina and earn a lot of money to reduce trade deficit. Thus, we have to encourage the farmers for keeping mountain goats for wool production,” Marasini added. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Nepal Pashmina Industries Association Chairman Bijay Dugad said that Pashmina Sector Export National Strategy would be helpful for the private sector. “The production of thread used for making pashmina inside the country is very good step. Farmers will get good price for the wools of mountain goats used to make pashmina,” he added. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Nepal is importing pashmina thread from outside to make pashmina goods. “Making pashmina thread inside the country will give good price to the farmers,” Dugad stated.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Nepal has capacity to manufacture 5 million pieces of pashmina. However, only 2 to 2.5 million pieces of pashmina are being made at the moment. </span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">A foundation stone of Pashmina Fiber Processing Center to manufacture pashmina thread was laid in Harisiddi, Lalitpur on Tuesday. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Nepal had imported pashmina shawls worth Rs 2.53 billion in 2021. </span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">With target to export pashmina worth 75 million in the US Dollar by 2026, the national pashmina export strategy is expected to contribute to the prosperity of the country. The strategy clearly describes roles and responsibilities, plans, coordination and implementation of all stakeholders.</span></span></span></p> </div> <div> </div> <div> </div> </div> </div> <div> </div> </div> </div> <div> </div> </div> <div> <div> <div> <div> <table cellspacing="0" style="border-collapse:collapse"> <tbody> <tr> <td style="vertical-align:top; width:44px"><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><img class="ajn bofPge" id=":mr_5" src="https://lh3.googleusercontent.com/a/AEdFTp4-VpiAMFbtOF9st6DjlMR50rTaZa7DRPIhBo2C=s40-p" style="border-radius:50%; display:block; height:40px; width:40px" /></span></span></td> <td style="width:922px"> <div> <div><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif">ReplyForward</span></span></span></div> </div> </td> </tr> </tbody> </table> </div> </div> </div> </div> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16702', 'image' => '20230208061115_collage (39).jpg', 'article_date' => '2023-02-08 05:51:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '16961', 'article_category_id' => '1', 'title' => 'Tourism Entrepreneurs Excited about Jeep Safari in Chitwan National Park', 'sub_title' => '', 'summary' => 'February 7: Tourism entrepreneurs are excited due to the initiative to start of jeep safari from Nawalpur to Chitwan National Park (CNP).', 'content' => '<p>February 7: Tourism entrepreneurs are excited due to the initiative to start of jeep safari from Nawalpur to Chitwan National Park (CNP).</p> <p>Earlier, this service was only available to the buffer zones and community forests near the national park.</p> <p>Dhaniram Gurau, a tourism entrepreneur from Kawasoti said that they are excited because the number of tourists will increase if the visitors who come for a jungle safari are given additional services of jeep safari in the park area with a boat ride in the Narayani River.</p> <p>He said, “Earlier, jeep safari could go only upto the community forests located in the buffer zone, but now tourists can visit the park as well, so the number of tourists coming here has increased.”</p> <p>Nawalpur Tourism Committee Chairman Phansram Mahato said that last year jeep safaris were stopped even in the community forests of the buffer zone, but now that the park has allowed safaris across Narayani. Tourism activities will now increase in the district.</p> <p>“We are happy, this step will help to keep the tourism activities going,” he said. According to him, CNP gave permission to all hotels and businessmen on January 25 to enter the park from the Amaltari post of Nawalpur.</p> <p>Earlier, only Hotel Temple Tiger and Tharu Village were allowed to take tourists to the park. Chief District Officer Krishna Prasad Lamsal said that since tourists will be able to travel to Gaindakhasa, Devital, Tiger Tops route and crocodile breeding center through Amaltari, there will be an increase in economic and tourist activities in this area.</p> <p>Inaugurating the safari on Saturday, CDO Lamsal said that after the jeep safari starts inside the park from Nawalpur, the arrival of foreign tourists will also promote the local culture. The committee started a safari in the park amid an official program. Ten people will be allowed to enter the park in five jeeps per day from Nawalpur area. Hotel and tourism businesses will get permission on 'first-come-first-service' basis.</p> ', 'published' => true, 'created' => '2023-02-07', 'modified' => '2023-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '16700', 'image' => '20230207084654_DA_Tribeni-DSC_0071.jpg', 'article_date' => '2023-02-07 20:46:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16958', 'article_category_id' => '1', 'title' => 'India Increases Customs Duty on Gold Imports', 'sub_title' => '', 'summary' => 'February 7: The Government of India has increased the customs duty on gold import through the budget for the fiscal year 2023/24.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 7: The Government of India has increased the customs duty on gold import through the budget for the fiscal year 2023/24. India’s Finance Minister Nirmala Sitharaman has increased the customs duty on gold imports to 12 and a half per cent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Experts said that since Nepal and India have open border and uninterrupted trade, as soon as the price of gold increases in the Indian market, it will automatically affect the Nepali market. On the other hand, Nepal's northern neighbour, China, has been imposing minimal rate of tax on gold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Businessmen said that the possibility of exporting gold from China to India via Nepal cannot be ruled out. However, since China closed its borders with Nepal after the Covid, the possibility of Chinese gold being delivered to India through transit in Nepal is very unlikely. Apart from this, it is said that the possibility of bringing gold from other countries illegally to Nepal and bringing it to India will also increase.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“The government should control it through its security and inspection mechanism," said Manikaratna Shakya, president of the Federation of Nepal Gold and Silver Dealers Association. He said that the Nepali market can also be affected by such activities.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nepal imports gold from Dubai, Turkey, Hong Kong and Australia. However, businessmen cannot import gold in Nepal. Banks import gold in Nepal as per the provisions of Nepal Rastra Bank, while Businesses buy from banks.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Traders said that with the Indian government increasing the customs duty on gold import, the price of gold in the Nepali market will be cheaper by Rs 1000 to 1500 per tola compared to India. According to the Federation’s President Shakya, Indian customers can come to the border towns of Nepal to buy gold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“There is a possibility that Indian customers will come to the Nepali market and buy gold. It is good if this happens. Nepali business will grow, and many will get jobs,” he said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The government of Nepal has adopted a policy of sending only 10 kg of gold per day to the market for trading. Due to the impact on international economic activities after the Russia-Ukraine war, as the foreign currency reserves are decreasing in Nepal, the government has reduced the amount of gold to be sent to the market to 10 kg to reduce the outflow of dollars. Businessmen are demanding to increase in the amount saying that 10 kg of gold will be less during the peak season.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">"10 kg of gold is less. The government needs to send at least 20 or 25 kg of gold to the market daily,'' Pawan Kumar Somani, the vice president of the federation, said. He said that there is no alternative to increasing the amount of gold to keep the market moving.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">However, because after India increased the tax on gold import, the price of gold in Nepal decreased, increasing the amount of gold in the market may create a situation where the gold will have to be bought in dollars and sold in gold. If this happens, there will be a situation where the demand of businessmen, who have been taking a stand for increasing the supply of gold for a long time, will not be met.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-07', 'modified' => '2023-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '16698', 'image' => '20230207030625_20230205100630_20230205091743_gold.jpg', 'article_date' => '2023-02-07 15:05:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '16976', 'article_category_id' => '1', 'title' => 'Surya Nepal Pledges Rs 11 Million for Clean Mountain Campaign', 'sub_title' => '', 'summary' => 'February 9: Surya Nepal Pvt Ltd, a leading multinational company based in Nepal, has pledged financial assistance of more than Rs 11 million to the ‘Clean Mountain Campaign 2023'.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 9: Surya Nepal Pvt Ltd, a leading multinational company based in Nepal, has pledged financial assistance of more than Rs 11 million to the ‘Clean Mountain Campaign 2023'. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">This campaign initiated by the Nepalese Army aims to protect biological diversity, nature and environment, especially in the mountainous areas of Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Surya Nepal said it will collaborate with the Nepalese Army and the Center for Research and Sustainable Development Nepal, a non-governmental organization, in this campaign. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“To support this campaign, the company will contribute Rs 11 million as part of its social responsibility,” reads a statement issued by Surya Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In this regard, a tripartite agreement has been signed between the Nepalese Army, Surya Nepal and Center for Research and Sustainable Development Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Brigadier General Sundar Kumar Pandey, Lieutenant Colonel Kishor Adhikari, Anand Mishra of the Center for Research and Sustainable Development Nepal, Managing Director of Surya Nepal Ravi K Rayavaram, and Manager Prem Narayan Aryal were present during the signing ceremony.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Under the 'Clean Mountain Campaign 2023', the Nepalese Army has been collecting waste materials from the world's highest peak Mt. Everest and other mountains such as Annapurna and Lhotse with the objective of making those mountains clean.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16715', 'image' => '20230209120632_1675897547.Clipboard06.jpg', 'article_date' => '2023-02-09 12:05:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16975', 'article_category_id' => '1', 'title' => 'There is no Geopolitical Dimension in US Assistance to Nepal: USAID Administrator Power ', 'sub_title' => '', 'summary' => 'February 9: United States Agency for International Development (USAID) Administrator Samantha Power has said that supporting Nepal is a priority of the United States (US). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 9: United States Agency for International Development (USAID) Administrator Samantha Power has said that supporting Nepal is a priority of the United States (US). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a press conference organized in Kathmandu on Wednesday before wrapping up her two-day visit to Nepal, Power clarified that there was no geopolitical dimension in the US assistance to Nepal. She said that the US has been supporting Nepal since the establishment of diplomatic relations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Administrator Power said that Nepal has an opportunity to strengthen federalism following the successful general elections and advance the inclusion of women and marginalized communities, empower the youth and show that democracy can bring results for the benefit of its citizens. The US will continue to partner towards that end, added Power. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During her visit, Power announced on Tuesday that the USAID will provide assistance of up to US$ 58.5 million to Nepal's government, civil society and the private sector to advance Nepal's democratic progress. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16714', 'image' => '20230209105340_IMG-20230208-WA0000 - Copy.jpg', 'article_date' => '2023-02-09 10:52:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16974', 'article_category_id' => '1', 'title' => 'IBN Seeks Proposals for Feasibility Study of Khaptad Tourism Project ', 'sub_title' => '', 'summary' => 'February 8: The government is preparing an integrated plan to develop tourism infrastructures in Khaptad, a scenic pasture land in far-western Nepal.', 'content' => '<p><span style="font-size:18px">February 8: The government is preparing an integrated plan to develop tourism infrastructures in Khaptad, a scenic pasture land in far-western Nepal.<br /> The Investment Board Nepal (IBN) on Wednesday issued a 15-day notice seeking the proposals for conducting a feasibility study for an integrated tourism project and a long-term plan for the development of Khaptad.<br /> The notice states that the interested parties can submit the proposal online. Once the proposal is selected, the successful bidder will be given one year period for conducting the feasibility study and preparing a long-term plan. <br /> The Investment Board had showcased this project during the International Investment Summit organized by the government organized in March 2019. As per the project bank details prepared for the investment summit, the cost of integrated tourism and transport infrastructures construction was estimated to be around US$ 187 million. <br /> The board had developed a plan for the construction of a seven-km long cable car from Jhigrana Post of Doti district to the Khaptad National Park office. Similarly, other infrastructures planned for this project were the establishment of two-star hotels, golf course, yoga and meditation centres, horse riding arena, helipad, sky diving service among others. <br /> The project will be run in public-private partnership model, the board said. (With inputs from RSS) </span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16713', 'image' => '20230209102203_Bucci_Flower.jpg', 'article_date' => '2023-02-09 10:20:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16973', 'article_category_id' => '1', 'title' => 'Construction of Superdordi Hydropower Over; To Generate Power Within Month', 'sub_title' => '', 'summary' => 'Construction of Superdordi ‘Kha’ Hydropower Project with installed capacity of 54 megawatt has been completed in Lamjung. ', 'content' => '<p><br /> <span style="font-size:18px">February 9: Construction of Superdordi ‘Kha’ Hydropower Project with installed capacity of 54 megawatt has been completed in Lamjung. Constructed by People’s Hydropower Company Limited at Dhodeni of Dordi Rural Municiplaity-6, Lamjung , test of the project’s dam and descender is underway at the moment. </span></p> <p><span style="font-size:18px">According to the hydropower’s site in-charge Ramesh Sigdel, the work to collect water in descender is going on after the completion of all types of construction work a few days ago.</span></p> <p><span style="font-size:18px">Testing of the hydropower project is underway by putting water in the intake and descender. Testing of the major tunnel and other structures will start from February 11. </span></p> <p><span style="font-size:18px">After around 22 days’ testing of the main tunnel, test production of the hydropower will follow. The project has 5.1-kilometre-long tunnel. The project has total of 10.350 kilometres of tunnel. </span></p> <p><span style="font-size:18px">Hydropower project stated that India’s blockade, flood in Dordikhola, COVID-19 and lockdown had delayed the construction work. The total cost of the project has reached 10.5 billion though preliminary cost estimation for the project was Rs 8.80 billion. </span></p> <p><span style="font-size:18px">The hydropower had started construction in 2016 after signing Power Purchase Agreement (PPA) with Nepal Electricity Authority (NEA) in 2015. The company had set the target to finish the project within four years. </span></p> <p><span style="font-size:18px">The deadline was repeatedly extended for failing to finish the construction of the hydropower project. <br /> Run-of-the-river type hydropower is expected to generate 315 million units of electricity annually. </span></p> <p><span style="font-size:18px">As per the PPA with Nepal Electricity Authority, the hydropower will sell per unit electricity at Rs 8.40 in dry season and at Rs 4.80 in the summer season. </span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16712', 'image' => '20230209061104_collage (41).jpg', 'article_date' => '2023-02-09 06:01:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '16971', 'article_category_id' => '1', 'title' => 'Government Prepares to Dispatch Medical Team and Essentials to Quake-Hit Turkey ', 'sub_title' => '', 'summary' => 'February 8: The government has decided to send medical teams and essentials to Turkey in the aftermath of a devastating earthquake there. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The government has decided to send medical teams and essentials to Turkey in the aftermath of a devastating earthquake there. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the National Council for Disaster Risk Reduction and Management held at the Office of the Prime Minister and Council of Ministers on Wednesday took a decision to this effect. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, Prime Minister Pushpa Kamal Dahal termed Turkey as a good friend of Nepal and stressed the need of joining hands with it during the crisis. </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"">“Turkey is a good friend of Nepal. In the past, Turkey was with us during the need and emergency and it is our responsibility to stand by its side during these hours of grief,” he said, proposing the meeting to send medical teams and emergency goods and essential logistics as soon as possible. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by Deputy Prime Minister and Finance Minister Bishnu Poudel, Chief Secretary Shanker Das Bairagi, Chief of Army Staff Parabhu Ram Sharma and office-bearers and members of the committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Turkey was struck by a 7.8 magnitude earthquake on Monday, causing massive loss of lives and property. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16710', 'image' => '20230208071705_XxjpbeE007026_20230208_PEPFN1A001.JPG', 'article_date' => '2023-02-08 19:16:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16970', 'article_category_id' => '1', 'title' => 'Good governance and prosperity government’s priority, says Deputy Prime Minister Shrestha ', 'sub_title' => '', 'summary' => 'Deputy Prime Minister and Minister for Physical Infrastructure and Transport, Narayankaji Shrestha, said that government had accorded priority to good governance and prosperity of the country. ', 'content' => '<p><br /> <span style="font-size:18px">February 8: Deputy Prime Minister and Minister for Physical Infrastructure and Transport, Narayankaji Shrestha, said that government had accorded priority to good governance and prosperity of the country. </span></p> <p><span style="font-size:18px">Addressing the 20th anniversary ceremony of the Commune at Gauridanda of Bardibas-3 in Mahottari district on Wednesday, Deputy Prime Minister mentioned that the government had adopted the infrastructure development as a major policy to achieve the goal of development and prosperity.</span></p> <p><span style="font-size:18px">Deputy Prime Minister Shrestha, who is also main patron of the Commune, recalled that the Commune was established 20 years ago with an intension of adopting 'Collective Practice for Social Transformation'. </span></p> <p><span style="font-size:18px">Shrestha further said that the organisation established with the vision of transforming oneself into a commune lifestyle and giving up personal wealth would be helpful in controlling the corruption and ensuring good governance in the society.</span></p> <p><span style="font-size:18px">A total of 16 families including family of former Minister Girirajmani Pokhrel are now residing in the commune. </span><br /> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16709', 'image' => '20230208064335_collage (40).jpg', 'article_date' => '2023-02-08 18:41:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '16969', 'article_category_id' => '1', 'title' => '15 Million People Face Catastrophic Risk from GLOF', 'sub_title' => '', 'summary' => 'February 8: Up to 15 million people face risk of catastrophic flooding from glacial lakes which could burst their natural dams at any moment, a new study has found.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 8: Up to 15 million people face risk of catastrophic flooding from glacial lakes which could burst their natural dams at any moment, a new study has found.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the BBC, the study led by Newcastle University is the first global attempt to map potential hotspots for such floods.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The impact of global warming has increased both the volume and number of glacial lakes worldwide, the report published in the journal Nature Communications states.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The study assessed the conditions of lakes and the number of people living downstream from them, which has also increased significantly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">'There are a large number of people globally exposed to the impacts of these floods," BBC quoted Rachel Carr, a glaciologist at Newcastle University and an author on the paper as saying.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"It could happen at any point - that's what makes them particularly dangerous, because it's hard to predict exactly when they will happen."</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The authors say those facing the greatest threat live in mountainous countries in Asia and South America.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">More than half of the globally exposed population are found in just four countries: India, Pakistan, Peru, and China, Nature Communications wrote on its website.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Populations in High Mountains Asia (HMA) are the most exposed and on average live closest to glacial lakes with ~1 million people living within 10 km of a glacial lake.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"It's how close people are to those lakes, and their capacity to respond to the disaster that's important," said Dr Carr.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Lakes formed by melting glaciers have natural dams of loose rocks and ice that can fail suddenly and unpredictably.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Glacial lake outburst floods (GLOFs) can be highly destructive and can arrive with little prior warning, causing significant damage to property, infrastructure, and agricultural land, and resulting in extensive loss of life.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Authors of the study stressed the importance of early warning systems such as time-lapse cameras.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Stephan Harrison, a leading expert on the impact of climate change on glacial lakes at the University of Exeter, who was not involved in the research told BBC that the research was only a first step towards better understanding of the impact of climate change on what are known as glacial lake outburst floods (GLOFs).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">That relationship is complex and made harder to prove by what scientists suspect to be a long time lag between cause and effect, concluded the report.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16708', 'image' => '20230208043855_glacial-lake-Himalayas-Nepal-Ama-Dablam.jpg', 'article_date' => '2023-02-08 16:38:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16968', 'article_category_id' => '1', 'title' => 'China urged to Include Nepal in its Tourist Destination List ', 'sub_title' => '', 'summary' => 'February 8: The Pokhara chapter of Hotel Association of Nepal has urged the Embassy of China in Kathmandu to include Nepal in its tourist destination list. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The Pokhara chapter of Hotel Association of Nepal has urged the Embassy of China in Kathmandu to include Nepal in its tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a request letter to the Chinese Ambassador to Nepal, Chen Song, the association’s Chairman Laxman Subedi has stated that tourism entrepreneurs are ready and hopeful to welcome Chinese tourists in Nepal in 2023. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In his letter, Subedi has stated that the Aasociation is saddened as Nepal was not included in the Chinese government’s tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After a gap of three years after the COVID-19 pandemic, the government of China has released the names of 20 countries as tourist destinations for its citizens. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the letter written to the embassy, the association has asked the Chinese side to rethink its decision and include Nepal in the tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Subedi said that Chinese ambassador has responded positively to the letter of the association. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16707', 'image' => '20230208030556_20220811101027_Flag-Pins-Nepal-China.jpg', 'article_date' => '2023-02-08 15:05:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16967', 'article_category_id' => '1', 'title' => 'Khetan Group to Part Ways with Carlsberg', 'sub_title' => '', 'summary' => 'February 8: Khetan Group is preparing to end its partnership with Danish beer producer Carlsberg.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">February 8: Khetan Group is preparing to end its partnership with Danish beer producer Carlsberg. If Carlsberg of Denmark accepts the proposal of Khetan Group to leave the partnership, then Khetan Group will receive around Rs 100 billion. However, Carlsberg is yet to accept Khetan Group's proposal. If Carlsberg agrees to Khetan Group's proposal, it will be Nepal's biggest ever purchase and sale deal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Khetan Group proposed to sell the shares of Carlsberg and the holding company (Carlsberg South Asia Pvt. Ltd.) for USD 744 million (about Rs 98.20 billion according to the exchange rate on Wednesday) and exit. This holding company based in Singapore looks after 100 percent of Carlsberg's business in India and 90 percent in Nepal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">One of the main investors of Carlsberg South Asia Pvt Ltd is CP Khetan, brother of industrialist Rajendra Khetan. As per the partnership deal, 66.7 percent share ownership is with Carlsberg Group and 33.3 percent with Khetan Group. According to Carlsberg, Khetan Group gave a formal notice to sell all the shares it has. Carlsberg mentioned in its report that Khetan Group will sell 33.3 percent of its shares to Denmark's Carlsberg Group for USD 744 million.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Gorkha Brewery, owned by Carlsberg, Khetan Group and other Nepali businessmen produces Carlsberg, Tuborg, San Miguel and Gorkha beer. Carlsberg also informed that the share purchase process has proceeded according to Khetan Group's proposal. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">There was a serious dispute between Khetan Group and Carlsberg for some time. Carlsberg accused Khetan Group of violating the partnership agreement and good governance. A lawsuit was pending in Singapore between the two parties to settle the dispute. During the hearing of the case, the court had decided that Khetan Group can exit. Carlsberg was ordered to work on purchase option (call option) and Khetan Group to work on sale option (put option).</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the order, both parties appointed international evaluators separately. The average value of the valuations done by those appraisers was fixed at USD 744 million.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Khetan Group submitted a formal proposal on Monday to sell its shares at the same average price. Ten percent ownership of Gorkha Brewery is with other businessmen of Nepal while Rajendra Khetan has 9.95 percent share. The remaining 0.5 percent investment belongs to Dibya Mani Rajbhandari and Kamal Bikram Singh.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16706', 'image' => '20230208022133_1675824049.Clipboard10.jpg', 'article_date' => '2023-02-08 14:20:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16966', 'article_category_id' => '1', 'title' => 'Price of Gold Increases Slightly', 'sub_title' => '', 'summary' => 'February 8: The price of gold has increased by Rs 200 per tola (11.66 grams) in the domestic market on Wednesday compared to the previous trading day.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The price of gold has increased by Rs 200 per tola (11.66 grams) in the domestic market on Wednesday compared to the previous trading day. The Federation of Nepal Gold and Silver Dealers’ Association has fixed the price of fine gold at Rs 104,800 per tola for Wednesday. On Tuesday, the precious yellow metal was traded at 104,600 per tola. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the standard gold is being traded at Rs 104,300 per tola.. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the price of silver plummeted by Rs 5 per tola on Wednesday compared to Tuesday’s price and is being traded at Rs 1,315 per tola. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The federation sets the prices of gold and silver on a daily basis based on the prices in the international market. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16705', 'image' => '20230208125240_gold newwww.jpg', 'article_date' => '2023-02-08 12:51:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16965', 'article_category_id' => '1', 'title' => 'Share Market Rises due to Positive Indications of NRB Report', 'sub_title' => '', 'summary' => 'February 8: The share market inclined sharply on Tuesday a day after Nepal Rastra Bank (NRB) released data showing overall improvement in macroeconomic indicators.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 8: The share market inclined sharply on Tuesday a day after Nepal Rastra Bank (NRB) released data showing overall improvement in macroeconomic indicators. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The secondary market surged by 3.65 percent (76.64 points) on Tuesday to close at 2,177 points. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had released the Current Macroeconomic and Financial Situation Report of the first six months of current fiscal year on Monday which showed improvements in major indicators such as Balance of Payments (BoP), foreign exchange reserves, remittance inflow among others.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB report showed that the BoP remained at a surplus of Rs 97.10 as of mid-January, which will be sufficient to cover the merchandise and services imports for 9.1 months.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The positive indicators boosted the confidence of investors and the daily turnover increased to Rs 3.362 billion on Tuesday from Rs 1.474 billion day before. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The demand for loans is still low because of the high interest rates but the increase in bank deposits has eased the liquidity crisis and has brought down the CD ratio.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Banks’ borrowing from the central bank has also declined with the improvement of liquidity situation. The bank rate has dropped to 4 percent. The central bank has also issued reverse repo worth Rs 5 billion after the liquidity crisis eased. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The interest on deposits has also dropped since mid-January. This indicates that the interest on loans will also drop in the future. All of these indicators have boosted the confidence of the investors.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On top of it, Finance Minister Bishnu Poudel is positive about removing the limit of Rs 210 million for margin lending. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All these factors have contributed to the sharp rise in in share marker, says Damaru Ballav Ghinire, a long-time investor.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Securities Board of Nepal (SEBON) chair Ramesh Hamal had made a commitment on Monday to work for the development and expansion of the secondary market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Investors Forum;s former president Chotelal Rauniyar says Tuesday’s surge in share market as normal. The Nepse index had I ncreased to as high as 3200 points some time ago. However, Rauniyar agrees that the share market investors have been buoyed by the recent report of NRB</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16704', 'image' => '20230208110844_20180911013817_be.jpg', 'article_date' => '2023-02-08 11:08:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16964', 'article_category_id' => '1', 'title' => 'USAID Announces Assistance of Nearly $60 Million to Nepal ', 'sub_title' => '', 'summary' => 'February 8: The United States Agency for International Development (USAID) has enhanced its support to advance democratic progress in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The United States Agency for International Development (USAID) has enhanced its support to advance democratic progress in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">USAID's administrator Samantha power who is on a two-day official visit to Nepal announced to provide USAID assistance up to $ 58.5 million to advance Nepal's democratic progress, subject to availability of funds. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The announcement was made in the presence of representatives of the Government of Nepal, civil society and private sector on Tuesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the US Embassy in Kathmandu, the amount of $ 20.2 million was a part of $659 million development objective agreement announced in 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Following transparent and peaceful election this year, Nepal has an opportunity to strengthen federalism, advance the inclusion of women and marginalized communities, empower youths and demonstrate that democracy can deliver to its people. The US would collaborate with Nepal in these areas, the US embassy said in a statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The USAID investment would further help strengthen public financial management, independent civil society and media, democratic processes and institutions, rule of law and private sector, thereby consolidating its democratic achievements and inviting further wider prosperity and resilience, added the statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">USAID would also continue its assistance to Nepal in its bid to fight against human trafficking. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In order to deliver service in a more accountable and transparent manner from economic perspectives, the investment announced on Tuesday includes up to $20 million to support provincial and local governments towards strengthening inclusive democracy and prosperity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, assistance up to $ 18.5 million is included in the package to support the independent CSOs led by and for women, youth and marginalized community people to advance community needs, fundamental freedoms and accountability. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">USAID would work with the CSOs to develop their skills, credibility and techniques required to engage effectively with the government and the general public. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The international development agency has said that it would also collaborate with media to support efforts to improve public access to credible information and diverse narratives. That will enhance social trust on media. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The USAID has also shared that it would work to strengthen rule of law and legal regime to fight against human trafficking as well as to further enable free and fair elections. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">These new initiative is built on more than 60-years of USAID partnership with the Nepal government and the people, private sector and others to support goals and aspirations of Nepal. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16703', 'image' => '20230208093716_KB_KTM-RE3A7328copy.jpg', 'article_date' => '2023-02-08 09:35:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16963', 'article_category_id' => '1', 'title' => 'Government Formulates National Strategy for Export of Pashmina', 'sub_title' => '', 'summary' => 'The government has set the target to export pashmina worth 750 million in the US Dollar till 2026. Keeping in mind the target, the Nepal government has unveiled “Pashmina Sector Export National Strategy”.', 'content' => '<div> <div> <div> <div> <div> <div> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">February 7: The government has set the target to export pashmina worth 750 million in the US Dollar till 2026. Keeping in mind the target, </span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif""> the Nepal government has unveiled “Pashmina Sector Export National Strategy”.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Amidst a programme organized in Lalitpur, Minister for Industry, Commerce and Supplies Damodar Bhandari released the “Pashmina Sector Export National Strategy” on Tuesday. P</span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">ashmina sector export national strategy was formulated in collaboration with Ministry of Industry, Commerce and Supplies, Trade and Export Promotion Center, Nepal Pashmina Industries Association. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">The national strategy will be technically assisted by International Trade Center under EU Nepal Trade and Investment Programme operated with EU’s support. </span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Minister Bhandari said that national strategy on pashmina export would contribute largely to development and expansion of pashmina industries.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Bhandari informed that a factory would be set up to produce thread out of wools of mountain goats for the first time in Nepal. He claimed that production and quality of pashmina-borne goods would increase following the production of pashmina thread in Nepal from the wools of mountain goats.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">National pashmina export strategy formulated by industry and commerce ministry with EU’s financial assistance and International Trade Center’s technical support sets the target to export the pashmina within five years. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Secretary Madhu Kumar Marasini at the Ministry of Industry, Commerce and Supplies stressed the need to encourage the farmers to keep mountain goats in the mountainous districts for wool production.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">“We can export pashmina and earn a lot of money to reduce trade deficit. Thus, we have to encourage the farmers for keeping mountain goats for wool production,” Marasini added. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Nepal Pashmina Industries Association Chairman Bijay Dugad said that Pashmina Sector Export National Strategy would be helpful for the private sector. “The production of thread used for making pashmina inside the country is very good step. Farmers will get good price for the wools of mountain goats used to make pashmina,” he added. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Nepal is importing pashmina thread from outside to make pashmina goods. “Making pashmina thread inside the country will give good price to the farmers,” Dugad stated.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Nepal has capacity to manufacture 5 million pieces of pashmina. However, only 2 to 2.5 million pieces of pashmina are being made at the moment. </span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">A foundation stone of Pashmina Fiber Processing Center to manufacture pashmina thread was laid in Harisiddi, Lalitpur on Tuesday. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Nepal had imported pashmina shawls worth Rs 2.53 billion in 2021. </span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">With target to export pashmina worth 75 million in the US Dollar by 2026, the national pashmina export strategy is expected to contribute to the prosperity of the country. The strategy clearly describes roles and responsibilities, plans, coordination and implementation of all stakeholders.</span></span></span></p> </div> <div> </div> <div> </div> </div> </div> <div> </div> </div> </div> <div> </div> </div> <div> <div> <div> <div> <table cellspacing="0" style="border-collapse:collapse"> <tbody> <tr> <td style="vertical-align:top; width:44px"><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><img class="ajn bofPge" id=":mr_5" src="https://lh3.googleusercontent.com/a/AEdFTp4-VpiAMFbtOF9st6DjlMR50rTaZa7DRPIhBo2C=s40-p" style="border-radius:50%; display:block; height:40px; width:40px" /></span></span></td> <td style="width:922px"> <div> <div><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif">ReplyForward</span></span></span></div> </div> </td> </tr> </tbody> </table> </div> </div> </div> </div> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16702', 'image' => '20230208061115_collage (39).jpg', 'article_date' => '2023-02-08 05:51:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '16961', 'article_category_id' => '1', 'title' => 'Tourism Entrepreneurs Excited about Jeep Safari in Chitwan National Park', 'sub_title' => '', 'summary' => 'February 7: Tourism entrepreneurs are excited due to the initiative to start of jeep safari from Nawalpur to Chitwan National Park (CNP).', 'content' => '<p>February 7: Tourism entrepreneurs are excited due to the initiative to start of jeep safari from Nawalpur to Chitwan National Park (CNP).</p> <p>Earlier, this service was only available to the buffer zones and community forests near the national park.</p> <p>Dhaniram Gurau, a tourism entrepreneur from Kawasoti said that they are excited because the number of tourists will increase if the visitors who come for a jungle safari are given additional services of jeep safari in the park area with a boat ride in the Narayani River.</p> <p>He said, “Earlier, jeep safari could go only upto the community forests located in the buffer zone, but now tourists can visit the park as well, so the number of tourists coming here has increased.”</p> <p>Nawalpur Tourism Committee Chairman Phansram Mahato said that last year jeep safaris were stopped even in the community forests of the buffer zone, but now that the park has allowed safaris across Narayani. Tourism activities will now increase in the district.</p> <p>“We are happy, this step will help to keep the tourism activities going,” he said. According to him, CNP gave permission to all hotels and businessmen on January 25 to enter the park from the Amaltari post of Nawalpur.</p> <p>Earlier, only Hotel Temple Tiger and Tharu Village were allowed to take tourists to the park. Chief District Officer Krishna Prasad Lamsal said that since tourists will be able to travel to Gaindakhasa, Devital, Tiger Tops route and crocodile breeding center through Amaltari, there will be an increase in economic and tourist activities in this area.</p> <p>Inaugurating the safari on Saturday, CDO Lamsal said that after the jeep safari starts inside the park from Nawalpur, the arrival of foreign tourists will also promote the local culture. The committee started a safari in the park amid an official program. Ten people will be allowed to enter the park in five jeeps per day from Nawalpur area. Hotel and tourism businesses will get permission on 'first-come-first-service' basis.</p> ', 'published' => true, 'created' => '2023-02-07', 'modified' => '2023-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '16700', 'image' => '20230207084654_DA_Tribeni-DSC_0071.jpg', 'article_date' => '2023-02-07 20:46:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16958', 'article_category_id' => '1', 'title' => 'India Increases Customs Duty on Gold Imports', 'sub_title' => '', 'summary' => 'February 7: The Government of India has increased the customs duty on gold import through the budget for the fiscal year 2023/24.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 7: The Government of India has increased the customs duty on gold import through the budget for the fiscal year 2023/24. India’s Finance Minister Nirmala Sitharaman has increased the customs duty on gold imports to 12 and a half per cent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Experts said that since Nepal and India have open border and uninterrupted trade, as soon as the price of gold increases in the Indian market, it will automatically affect the Nepali market. On the other hand, Nepal's northern neighbour, China, has been imposing minimal rate of tax on gold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Businessmen said that the possibility of exporting gold from China to India via Nepal cannot be ruled out. However, since China closed its borders with Nepal after the Covid, the possibility of Chinese gold being delivered to India through transit in Nepal is very unlikely. Apart from this, it is said that the possibility of bringing gold from other countries illegally to Nepal and bringing it to India will also increase.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“The government should control it through its security and inspection mechanism," said Manikaratna Shakya, president of the Federation of Nepal Gold and Silver Dealers Association. He said that the Nepali market can also be affected by such activities.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nepal imports gold from Dubai, Turkey, Hong Kong and Australia. However, businessmen cannot import gold in Nepal. Banks import gold in Nepal as per the provisions of Nepal Rastra Bank, while Businesses buy from banks.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Traders said that with the Indian government increasing the customs duty on gold import, the price of gold in the Nepali market will be cheaper by Rs 1000 to 1500 per tola compared to India. According to the Federation’s President Shakya, Indian customers can come to the border towns of Nepal to buy gold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“There is a possibility that Indian customers will come to the Nepali market and buy gold. It is good if this happens. Nepali business will grow, and many will get jobs,” he said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The government of Nepal has adopted a policy of sending only 10 kg of gold per day to the market for trading. Due to the impact on international economic activities after the Russia-Ukraine war, as the foreign currency reserves are decreasing in Nepal, the government has reduced the amount of gold to be sent to the market to 10 kg to reduce the outflow of dollars. Businessmen are demanding to increase in the amount saying that 10 kg of gold will be less during the peak season.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">"10 kg of gold is less. The government needs to send at least 20 or 25 kg of gold to the market daily,'' Pawan Kumar Somani, the vice president of the federation, said. He said that there is no alternative to increasing the amount of gold to keep the market moving.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">However, because after India increased the tax on gold import, the price of gold in Nepal decreased, increasing the amount of gold in the market may create a situation where the gold will have to be bought in dollars and sold in gold. If this happens, there will be a situation where the demand of businessmen, who have been taking a stand for increasing the supply of gold for a long time, will not be met.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-07', 'modified' => '2023-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '16698', 'image' => '20230207030625_20230205100630_20230205091743_gold.jpg', 'article_date' => '2023-02-07 15:05:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '16976', 'article_category_id' => '1', 'title' => 'Surya Nepal Pledges Rs 11 Million for Clean Mountain Campaign', 'sub_title' => '', 'summary' => 'February 9: Surya Nepal Pvt Ltd, a leading multinational company based in Nepal, has pledged financial assistance of more than Rs 11 million to the ‘Clean Mountain Campaign 2023'.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 9: Surya Nepal Pvt Ltd, a leading multinational company based in Nepal, has pledged financial assistance of more than Rs 11 million to the ‘Clean Mountain Campaign 2023'. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">This campaign initiated by the Nepalese Army aims to protect biological diversity, nature and environment, especially in the mountainous areas of Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Surya Nepal said it will collaborate with the Nepalese Army and the Center for Research and Sustainable Development Nepal, a non-governmental organization, in this campaign. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“To support this campaign, the company will contribute Rs 11 million as part of its social responsibility,” reads a statement issued by Surya Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In this regard, a tripartite agreement has been signed between the Nepalese Army, Surya Nepal and Center for Research and Sustainable Development Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Brigadier General Sundar Kumar Pandey, Lieutenant Colonel Kishor Adhikari, Anand Mishra of the Center for Research and Sustainable Development Nepal, Managing Director of Surya Nepal Ravi K Rayavaram, and Manager Prem Narayan Aryal were present during the signing ceremony.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Under the 'Clean Mountain Campaign 2023', the Nepalese Army has been collecting waste materials from the world's highest peak Mt. Everest and other mountains such as Annapurna and Lhotse with the objective of making those mountains clean.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16715', 'image' => '20230209120632_1675897547.Clipboard06.jpg', 'article_date' => '2023-02-09 12:05:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16975', 'article_category_id' => '1', 'title' => 'There is no Geopolitical Dimension in US Assistance to Nepal: USAID Administrator Power ', 'sub_title' => '', 'summary' => 'February 9: United States Agency for International Development (USAID) Administrator Samantha Power has said that supporting Nepal is a priority of the United States (US). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 9: United States Agency for International Development (USAID) Administrator Samantha Power has said that supporting Nepal is a priority of the United States (US). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a press conference organized in Kathmandu on Wednesday before wrapping up her two-day visit to Nepal, Power clarified that there was no geopolitical dimension in the US assistance to Nepal. She said that the US has been supporting Nepal since the establishment of diplomatic relations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Administrator Power said that Nepal has an opportunity to strengthen federalism following the successful general elections and advance the inclusion of women and marginalized communities, empower the youth and show that democracy can bring results for the benefit of its citizens. The US will continue to partner towards that end, added Power. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During her visit, Power announced on Tuesday that the USAID will provide assistance of up to US$ 58.5 million to Nepal's government, civil society and the private sector to advance Nepal's democratic progress. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16714', 'image' => '20230209105340_IMG-20230208-WA0000 - Copy.jpg', 'article_date' => '2023-02-09 10:52:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16974', 'article_category_id' => '1', 'title' => 'IBN Seeks Proposals for Feasibility Study of Khaptad Tourism Project ', 'sub_title' => '', 'summary' => 'February 8: The government is preparing an integrated plan to develop tourism infrastructures in Khaptad, a scenic pasture land in far-western Nepal.', 'content' => '<p><span style="font-size:18px">February 8: The government is preparing an integrated plan to develop tourism infrastructures in Khaptad, a scenic pasture land in far-western Nepal.<br /> The Investment Board Nepal (IBN) on Wednesday issued a 15-day notice seeking the proposals for conducting a feasibility study for an integrated tourism project and a long-term plan for the development of Khaptad.<br /> The notice states that the interested parties can submit the proposal online. Once the proposal is selected, the successful bidder will be given one year period for conducting the feasibility study and preparing a long-term plan. <br /> The Investment Board had showcased this project during the International Investment Summit organized by the government organized in March 2019. As per the project bank details prepared for the investment summit, the cost of integrated tourism and transport infrastructures construction was estimated to be around US$ 187 million. <br /> The board had developed a plan for the construction of a seven-km long cable car from Jhigrana Post of Doti district to the Khaptad National Park office. Similarly, other infrastructures planned for this project were the establishment of two-star hotels, golf course, yoga and meditation centres, horse riding arena, helipad, sky diving service among others. <br /> The project will be run in public-private partnership model, the board said. (With inputs from RSS) </span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16713', 'image' => '20230209102203_Bucci_Flower.jpg', 'article_date' => '2023-02-09 10:20:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16973', 'article_category_id' => '1', 'title' => 'Construction of Superdordi Hydropower Over; To Generate Power Within Month', 'sub_title' => '', 'summary' => 'Construction of Superdordi ‘Kha’ Hydropower Project with installed capacity of 54 megawatt has been completed in Lamjung. ', 'content' => '<p><br /> <span style="font-size:18px">February 9: Construction of Superdordi ‘Kha’ Hydropower Project with installed capacity of 54 megawatt has been completed in Lamjung. Constructed by People’s Hydropower Company Limited at Dhodeni of Dordi Rural Municiplaity-6, Lamjung , test of the project’s dam and descender is underway at the moment. </span></p> <p><span style="font-size:18px">According to the hydropower’s site in-charge Ramesh Sigdel, the work to collect water in descender is going on after the completion of all types of construction work a few days ago.</span></p> <p><span style="font-size:18px">Testing of the hydropower project is underway by putting water in the intake and descender. Testing of the major tunnel and other structures will start from February 11. </span></p> <p><span style="font-size:18px">After around 22 days’ testing of the main tunnel, test production of the hydropower will follow. The project has 5.1-kilometre-long tunnel. The project has total of 10.350 kilometres of tunnel. </span></p> <p><span style="font-size:18px">Hydropower project stated that India’s blockade, flood in Dordikhola, COVID-19 and lockdown had delayed the construction work. The total cost of the project has reached 10.5 billion though preliminary cost estimation for the project was Rs 8.80 billion. </span></p> <p><span style="font-size:18px">The hydropower had started construction in 2016 after signing Power Purchase Agreement (PPA) with Nepal Electricity Authority (NEA) in 2015. The company had set the target to finish the project within four years. </span></p> <p><span style="font-size:18px">The deadline was repeatedly extended for failing to finish the construction of the hydropower project. <br /> Run-of-the-river type hydropower is expected to generate 315 million units of electricity annually. </span></p> <p><span style="font-size:18px">As per the PPA with Nepal Electricity Authority, the hydropower will sell per unit electricity at Rs 8.40 in dry season and at Rs 4.80 in the summer season. </span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16712', 'image' => '20230209061104_collage (41).jpg', 'article_date' => '2023-02-09 06:01:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '16971', 'article_category_id' => '1', 'title' => 'Government Prepares to Dispatch Medical Team and Essentials to Quake-Hit Turkey ', 'sub_title' => '', 'summary' => 'February 8: The government has decided to send medical teams and essentials to Turkey in the aftermath of a devastating earthquake there. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The government has decided to send medical teams and essentials to Turkey in the aftermath of a devastating earthquake there. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the National Council for Disaster Risk Reduction and Management held at the Office of the Prime Minister and Council of Ministers on Wednesday took a decision to this effect. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, Prime Minister Pushpa Kamal Dahal termed Turkey as a good friend of Nepal and stressed the need of joining hands with it during the crisis. </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"">“Turkey is a good friend of Nepal. In the past, Turkey was with us during the need and emergency and it is our responsibility to stand by its side during these hours of grief,” he said, proposing the meeting to send medical teams and emergency goods and essential logistics as soon as possible. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by Deputy Prime Minister and Finance Minister Bishnu Poudel, Chief Secretary Shanker Das Bairagi, Chief of Army Staff Parabhu Ram Sharma and office-bearers and members of the committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Turkey was struck by a 7.8 magnitude earthquake on Monday, causing massive loss of lives and property. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16710', 'image' => '20230208071705_XxjpbeE007026_20230208_PEPFN1A001.JPG', 'article_date' => '2023-02-08 19:16:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16970', 'article_category_id' => '1', 'title' => 'Good governance and prosperity government’s priority, says Deputy Prime Minister Shrestha ', 'sub_title' => '', 'summary' => 'Deputy Prime Minister and Minister for Physical Infrastructure and Transport, Narayankaji Shrestha, said that government had accorded priority to good governance and prosperity of the country. ', 'content' => '<p><br /> <span style="font-size:18px">February 8: Deputy Prime Minister and Minister for Physical Infrastructure and Transport, Narayankaji Shrestha, said that government had accorded priority to good governance and prosperity of the country. </span></p> <p><span style="font-size:18px">Addressing the 20th anniversary ceremony of the Commune at Gauridanda of Bardibas-3 in Mahottari district on Wednesday, Deputy Prime Minister mentioned that the government had adopted the infrastructure development as a major policy to achieve the goal of development and prosperity.</span></p> <p><span style="font-size:18px">Deputy Prime Minister Shrestha, who is also main patron of the Commune, recalled that the Commune was established 20 years ago with an intension of adopting 'Collective Practice for Social Transformation'. </span></p> <p><span style="font-size:18px">Shrestha further said that the organisation established with the vision of transforming oneself into a commune lifestyle and giving up personal wealth would be helpful in controlling the corruption and ensuring good governance in the society.</span></p> <p><span style="font-size:18px">A total of 16 families including family of former Minister Girirajmani Pokhrel are now residing in the commune. </span><br /> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16709', 'image' => '20230208064335_collage (40).jpg', 'article_date' => '2023-02-08 18:41:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '16969', 'article_category_id' => '1', 'title' => '15 Million People Face Catastrophic Risk from GLOF', 'sub_title' => '', 'summary' => 'February 8: Up to 15 million people face risk of catastrophic flooding from glacial lakes which could burst their natural dams at any moment, a new study has found.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 8: Up to 15 million people face risk of catastrophic flooding from glacial lakes which could burst their natural dams at any moment, a new study has found.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the BBC, the study led by Newcastle University is the first global attempt to map potential hotspots for such floods.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The impact of global warming has increased both the volume and number of glacial lakes worldwide, the report published in the journal Nature Communications states.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The study assessed the conditions of lakes and the number of people living downstream from them, which has also increased significantly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">'There are a large number of people globally exposed to the impacts of these floods," BBC quoted Rachel Carr, a glaciologist at Newcastle University and an author on the paper as saying.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"It could happen at any point - that's what makes them particularly dangerous, because it's hard to predict exactly when they will happen."</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The authors say those facing the greatest threat live in mountainous countries in Asia and South America.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">More than half of the globally exposed population are found in just four countries: India, Pakistan, Peru, and China, Nature Communications wrote on its website.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Populations in High Mountains Asia (HMA) are the most exposed and on average live closest to glacial lakes with ~1 million people living within 10 km of a glacial lake.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"It's how close people are to those lakes, and their capacity to respond to the disaster that's important," said Dr Carr.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Lakes formed by melting glaciers have natural dams of loose rocks and ice that can fail suddenly and unpredictably.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Glacial lake outburst floods (GLOFs) can be highly destructive and can arrive with little prior warning, causing significant damage to property, infrastructure, and agricultural land, and resulting in extensive loss of life.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Authors of the study stressed the importance of early warning systems such as time-lapse cameras.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Stephan Harrison, a leading expert on the impact of climate change on glacial lakes at the University of Exeter, who was not involved in the research told BBC that the research was only a first step towards better understanding of the impact of climate change on what are known as glacial lake outburst floods (GLOFs).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">That relationship is complex and made harder to prove by what scientists suspect to be a long time lag between cause and effect, concluded the report.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16708', 'image' => '20230208043855_glacial-lake-Himalayas-Nepal-Ama-Dablam.jpg', 'article_date' => '2023-02-08 16:38:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16968', 'article_category_id' => '1', 'title' => 'China urged to Include Nepal in its Tourist Destination List ', 'sub_title' => '', 'summary' => 'February 8: The Pokhara chapter of Hotel Association of Nepal has urged the Embassy of China in Kathmandu to include Nepal in its tourist destination list. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The Pokhara chapter of Hotel Association of Nepal has urged the Embassy of China in Kathmandu to include Nepal in its tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a request letter to the Chinese Ambassador to Nepal, Chen Song, the association’s Chairman Laxman Subedi has stated that tourism entrepreneurs are ready and hopeful to welcome Chinese tourists in Nepal in 2023. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In his letter, Subedi has stated that the Aasociation is saddened as Nepal was not included in the Chinese government’s tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After a gap of three years after the COVID-19 pandemic, the government of China has released the names of 20 countries as tourist destinations for its citizens. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the letter written to the embassy, the association has asked the Chinese side to rethink its decision and include Nepal in the tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Subedi said that Chinese ambassador has responded positively to the letter of the association. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16707', 'image' => '20230208030556_20220811101027_Flag-Pins-Nepal-China.jpg', 'article_date' => '2023-02-08 15:05:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16967', 'article_category_id' => '1', 'title' => 'Khetan Group to Part Ways with Carlsberg', 'sub_title' => '', 'summary' => 'February 8: Khetan Group is preparing to end its partnership with Danish beer producer Carlsberg.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">February 8: Khetan Group is preparing to end its partnership with Danish beer producer Carlsberg. If Carlsberg of Denmark accepts the proposal of Khetan Group to leave the partnership, then Khetan Group will receive around Rs 100 billion. However, Carlsberg is yet to accept Khetan Group's proposal. If Carlsberg agrees to Khetan Group's proposal, it will be Nepal's biggest ever purchase and sale deal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Khetan Group proposed to sell the shares of Carlsberg and the holding company (Carlsberg South Asia Pvt. Ltd.) for USD 744 million (about Rs 98.20 billion according to the exchange rate on Wednesday) and exit. This holding company based in Singapore looks after 100 percent of Carlsberg's business in India and 90 percent in Nepal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">One of the main investors of Carlsberg South Asia Pvt Ltd is CP Khetan, brother of industrialist Rajendra Khetan. As per the partnership deal, 66.7 percent share ownership is with Carlsberg Group and 33.3 percent with Khetan Group. According to Carlsberg, Khetan Group gave a formal notice to sell all the shares it has. Carlsberg mentioned in its report that Khetan Group will sell 33.3 percent of its shares to Denmark's Carlsberg Group for USD 744 million.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Gorkha Brewery, owned by Carlsberg, Khetan Group and other Nepali businessmen produces Carlsberg, Tuborg, San Miguel and Gorkha beer. Carlsberg also informed that the share purchase process has proceeded according to Khetan Group's proposal. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">There was a serious dispute between Khetan Group and Carlsberg for some time. Carlsberg accused Khetan Group of violating the partnership agreement and good governance. A lawsuit was pending in Singapore between the two parties to settle the dispute. During the hearing of the case, the court had decided that Khetan Group can exit. Carlsberg was ordered to work on purchase option (call option) and Khetan Group to work on sale option (put option).</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the order, both parties appointed international evaluators separately. The average value of the valuations done by those appraisers was fixed at USD 744 million.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Khetan Group submitted a formal proposal on Monday to sell its shares at the same average price. Ten percent ownership of Gorkha Brewery is with other businessmen of Nepal while Rajendra Khetan has 9.95 percent share. The remaining 0.5 percent investment belongs to Dibya Mani Rajbhandari and Kamal Bikram Singh.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16706', 'image' => '20230208022133_1675824049.Clipboard10.jpg', 'article_date' => '2023-02-08 14:20:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16966', 'article_category_id' => '1', 'title' => 'Price of Gold Increases Slightly', 'sub_title' => '', 'summary' => 'February 8: The price of gold has increased by Rs 200 per tola (11.66 grams) in the domestic market on Wednesday compared to the previous trading day.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The price of gold has increased by Rs 200 per tola (11.66 grams) in the domestic market on Wednesday compared to the previous trading day. The Federation of Nepal Gold and Silver Dealers’ Association has fixed the price of fine gold at Rs 104,800 per tola for Wednesday. On Tuesday, the precious yellow metal was traded at 104,600 per tola. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the standard gold is being traded at Rs 104,300 per tola.. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the price of silver plummeted by Rs 5 per tola on Wednesday compared to Tuesday’s price and is being traded at Rs 1,315 per tola. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The federation sets the prices of gold and silver on a daily basis based on the prices in the international market. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16705', 'image' => '20230208125240_gold newwww.jpg', 'article_date' => '2023-02-08 12:51:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16965', 'article_category_id' => '1', 'title' => 'Share Market Rises due to Positive Indications of NRB Report', 'sub_title' => '', 'summary' => 'February 8: The share market inclined sharply on Tuesday a day after Nepal Rastra Bank (NRB) released data showing overall improvement in macroeconomic indicators.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 8: The share market inclined sharply on Tuesday a day after Nepal Rastra Bank (NRB) released data showing overall improvement in macroeconomic indicators. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The secondary market surged by 3.65 percent (76.64 points) on Tuesday to close at 2,177 points. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had released the Current Macroeconomic and Financial Situation Report of the first six months of current fiscal year on Monday which showed improvements in major indicators such as Balance of Payments (BoP), foreign exchange reserves, remittance inflow among others.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB report showed that the BoP remained at a surplus of Rs 97.10 as of mid-January, which will be sufficient to cover the merchandise and services imports for 9.1 months.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The positive indicators boosted the confidence of investors and the daily turnover increased to Rs 3.362 billion on Tuesday from Rs 1.474 billion day before. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The demand for loans is still low because of the high interest rates but the increase in bank deposits has eased the liquidity crisis and has brought down the CD ratio.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Banks’ borrowing from the central bank has also declined with the improvement of liquidity situation. The bank rate has dropped to 4 percent. The central bank has also issued reverse repo worth Rs 5 billion after the liquidity crisis eased. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The interest on deposits has also dropped since mid-January. This indicates that the interest on loans will also drop in the future. All of these indicators have boosted the confidence of the investors.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On top of it, Finance Minister Bishnu Poudel is positive about removing the limit of Rs 210 million for margin lending. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All these factors have contributed to the sharp rise in in share marker, says Damaru Ballav Ghinire, a long-time investor.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Securities Board of Nepal (SEBON) chair Ramesh Hamal had made a commitment on Monday to work for the development and expansion of the secondary market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Investors Forum;s former president Chotelal Rauniyar says Tuesday’s surge in share market as normal. The Nepse index had I ncreased to as high as 3200 points some time ago. However, Rauniyar agrees that the share market investors have been buoyed by the recent report of NRB</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16704', 'image' => '20230208110844_20180911013817_be.jpg', 'article_date' => '2023-02-08 11:08:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16964', 'article_category_id' => '1', 'title' => 'USAID Announces Assistance of Nearly $60 Million to Nepal ', 'sub_title' => '', 'summary' => 'February 8: The United States Agency for International Development (USAID) has enhanced its support to advance democratic progress in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The United States Agency for International Development (USAID) has enhanced its support to advance democratic progress in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">USAID's administrator Samantha power who is on a two-day official visit to Nepal announced to provide USAID assistance up to $ 58.5 million to advance Nepal's democratic progress, subject to availability of funds. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The announcement was made in the presence of representatives of the Government of Nepal, civil society and private sector on Tuesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the US Embassy in Kathmandu, the amount of $ 20.2 million was a part of $659 million development objective agreement announced in 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Following transparent and peaceful election this year, Nepal has an opportunity to strengthen federalism, advance the inclusion of women and marginalized communities, empower youths and demonstrate that democracy can deliver to its people. The US would collaborate with Nepal in these areas, the US embassy said in a statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The USAID investment would further help strengthen public financial management, independent civil society and media, democratic processes and institutions, rule of law and private sector, thereby consolidating its democratic achievements and inviting further wider prosperity and resilience, added the statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">USAID would also continue its assistance to Nepal in its bid to fight against human trafficking. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In order to deliver service in a more accountable and transparent manner from economic perspectives, the investment announced on Tuesday includes up to $20 million to support provincial and local governments towards strengthening inclusive democracy and prosperity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, assistance up to $ 18.5 million is included in the package to support the independent CSOs led by and for women, youth and marginalized community people to advance community needs, fundamental freedoms and accountability. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">USAID would work with the CSOs to develop their skills, credibility and techniques required to engage effectively with the government and the general public. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The international development agency has said that it would also collaborate with media to support efforts to improve public access to credible information and diverse narratives. That will enhance social trust on media. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The USAID has also shared that it would work to strengthen rule of law and legal regime to fight against human trafficking as well as to further enable free and fair elections. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">These new initiative is built on more than 60-years of USAID partnership with the Nepal government and the people, private sector and others to support goals and aspirations of Nepal. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16703', 'image' => '20230208093716_KB_KTM-RE3A7328copy.jpg', 'article_date' => '2023-02-08 09:35:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16963', 'article_category_id' => '1', 'title' => 'Government Formulates National Strategy for Export of Pashmina', 'sub_title' => '', 'summary' => 'The government has set the target to export pashmina worth 750 million in the US Dollar till 2026. Keeping in mind the target, the Nepal government has unveiled “Pashmina Sector Export National Strategy”.', 'content' => '<div> <div> <div> <div> <div> <div> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">February 7: The government has set the target to export pashmina worth 750 million in the US Dollar till 2026. Keeping in mind the target, </span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif""> the Nepal government has unveiled “Pashmina Sector Export National Strategy”.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Amidst a programme organized in Lalitpur, Minister for Industry, Commerce and Supplies Damodar Bhandari released the “Pashmina Sector Export National Strategy” on Tuesday. P</span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">ashmina sector export national strategy was formulated in collaboration with Ministry of Industry, Commerce and Supplies, Trade and Export Promotion Center, Nepal Pashmina Industries Association. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">The national strategy will be technically assisted by International Trade Center under EU Nepal Trade and Investment Programme operated with EU’s support. </span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Minister Bhandari said that national strategy on pashmina export would contribute largely to development and expansion of pashmina industries.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Bhandari informed that a factory would be set up to produce thread out of wools of mountain goats for the first time in Nepal. He claimed that production and quality of pashmina-borne goods would increase following the production of pashmina thread in Nepal from the wools of mountain goats.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">National pashmina export strategy formulated by industry and commerce ministry with EU’s financial assistance and International Trade Center’s technical support sets the target to export the pashmina within five years. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Secretary Madhu Kumar Marasini at the Ministry of Industry, Commerce and Supplies stressed the need to encourage the farmers to keep mountain goats in the mountainous districts for wool production.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">“We can export pashmina and earn a lot of money to reduce trade deficit. Thus, we have to encourage the farmers for keeping mountain goats for wool production,” Marasini added. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Nepal Pashmina Industries Association Chairman Bijay Dugad said that Pashmina Sector Export National Strategy would be helpful for the private sector. “The production of thread used for making pashmina inside the country is very good step. Farmers will get good price for the wools of mountain goats used to make pashmina,” he added. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Nepal is importing pashmina thread from outside to make pashmina goods. “Making pashmina thread inside the country will give good price to the farmers,” Dugad stated.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Nepal has capacity to manufacture 5 million pieces of pashmina. However, only 2 to 2.5 million pieces of pashmina are being made at the moment. </span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">A foundation stone of Pashmina Fiber Processing Center to manufacture pashmina thread was laid in Harisiddi, Lalitpur on Tuesday. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Nepal had imported pashmina shawls worth Rs 2.53 billion in 2021. </span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">With target to export pashmina worth 75 million in the US Dollar by 2026, the national pashmina export strategy is expected to contribute to the prosperity of the country. The strategy clearly describes roles and responsibilities, plans, coordination and implementation of all stakeholders.</span></span></span></p> </div> <div> </div> <div> </div> </div> </div> <div> </div> </div> </div> <div> </div> </div> <div> <div> <div> <div> <table cellspacing="0" style="border-collapse:collapse"> <tbody> <tr> <td style="vertical-align:top; width:44px"><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><img class="ajn bofPge" id=":mr_5" src="https://lh3.googleusercontent.com/a/AEdFTp4-VpiAMFbtOF9st6DjlMR50rTaZa7DRPIhBo2C=s40-p" style="border-radius:50%; display:block; height:40px; width:40px" /></span></span></td> <td style="width:922px"> <div> <div><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif">ReplyForward</span></span></span></div> </div> </td> </tr> </tbody> </table> </div> </div> </div> </div> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16702', 'image' => '20230208061115_collage (39).jpg', 'article_date' => '2023-02-08 05:51:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '16961', 'article_category_id' => '1', 'title' => 'Tourism Entrepreneurs Excited about Jeep Safari in Chitwan National Park', 'sub_title' => '', 'summary' => 'February 7: Tourism entrepreneurs are excited due to the initiative to start of jeep safari from Nawalpur to Chitwan National Park (CNP).', 'content' => '<p>February 7: Tourism entrepreneurs are excited due to the initiative to start of jeep safari from Nawalpur to Chitwan National Park (CNP).</p> <p>Earlier, this service was only available to the buffer zones and community forests near the national park.</p> <p>Dhaniram Gurau, a tourism entrepreneur from Kawasoti said that they are excited because the number of tourists will increase if the visitors who come for a jungle safari are given additional services of jeep safari in the park area with a boat ride in the Narayani River.</p> <p>He said, “Earlier, jeep safari could go only upto the community forests located in the buffer zone, but now tourists can visit the park as well, so the number of tourists coming here has increased.”</p> <p>Nawalpur Tourism Committee Chairman Phansram Mahato said that last year jeep safaris were stopped even in the community forests of the buffer zone, but now that the park has allowed safaris across Narayani. Tourism activities will now increase in the district.</p> <p>“We are happy, this step will help to keep the tourism activities going,” he said. According to him, CNP gave permission to all hotels and businessmen on January 25 to enter the park from the Amaltari post of Nawalpur.</p> <p>Earlier, only Hotel Temple Tiger and Tharu Village were allowed to take tourists to the park. Chief District Officer Krishna Prasad Lamsal said that since tourists will be able to travel to Gaindakhasa, Devital, Tiger Tops route and crocodile breeding center through Amaltari, there will be an increase in economic and tourist activities in this area.</p> <p>Inaugurating the safari on Saturday, CDO Lamsal said that after the jeep safari starts inside the park from Nawalpur, the arrival of foreign tourists will also promote the local culture. The committee started a safari in the park amid an official program. Ten people will be allowed to enter the park in five jeeps per day from Nawalpur area. Hotel and tourism businesses will get permission on 'first-come-first-service' basis.</p> ', 'published' => true, 'created' => '2023-02-07', 'modified' => '2023-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '16700', 'image' => '20230207084654_DA_Tribeni-DSC_0071.jpg', 'article_date' => '2023-02-07 20:46:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16958', 'article_category_id' => '1', 'title' => 'India Increases Customs Duty on Gold Imports', 'sub_title' => '', 'summary' => 'February 7: The Government of India has increased the customs duty on gold import through the budget for the fiscal year 2023/24.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 7: The Government of India has increased the customs duty on gold import through the budget for the fiscal year 2023/24. India’s Finance Minister Nirmala Sitharaman has increased the customs duty on gold imports to 12 and a half per cent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Experts said that since Nepal and India have open border and uninterrupted trade, as soon as the price of gold increases in the Indian market, it will automatically affect the Nepali market. On the other hand, Nepal's northern neighbour, China, has been imposing minimal rate of tax on gold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Businessmen said that the possibility of exporting gold from China to India via Nepal cannot be ruled out. However, since China closed its borders with Nepal after the Covid, the possibility of Chinese gold being delivered to India through transit in Nepal is very unlikely. Apart from this, it is said that the possibility of bringing gold from other countries illegally to Nepal and bringing it to India will also increase.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“The government should control it through its security and inspection mechanism," said Manikaratna Shakya, president of the Federation of Nepal Gold and Silver Dealers Association. He said that the Nepali market can also be affected by such activities.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nepal imports gold from Dubai, Turkey, Hong Kong and Australia. However, businessmen cannot import gold in Nepal. Banks import gold in Nepal as per the provisions of Nepal Rastra Bank, while Businesses buy from banks.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Traders said that with the Indian government increasing the customs duty on gold import, the price of gold in the Nepali market will be cheaper by Rs 1000 to 1500 per tola compared to India. According to the Federation’s President Shakya, Indian customers can come to the border towns of Nepal to buy gold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“There is a possibility that Indian customers will come to the Nepali market and buy gold. It is good if this happens. Nepali business will grow, and many will get jobs,” he said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The government of Nepal has adopted a policy of sending only 10 kg of gold per day to the market for trading. Due to the impact on international economic activities after the Russia-Ukraine war, as the foreign currency reserves are decreasing in Nepal, the government has reduced the amount of gold to be sent to the market to 10 kg to reduce the outflow of dollars. Businessmen are demanding to increase in the amount saying that 10 kg of gold will be less during the peak season.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">"10 kg of gold is less. The government needs to send at least 20 or 25 kg of gold to the market daily,'' Pawan Kumar Somani, the vice president of the federation, said. He said that there is no alternative to increasing the amount of gold to keep the market moving.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">However, because after India increased the tax on gold import, the price of gold in Nepal decreased, increasing the amount of gold in the market may create a situation where the gold will have to be bought in dollars and sold in gold. If this happens, there will be a situation where the demand of businessmen, who have been taking a stand for increasing the supply of gold for a long time, will not be met.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-07', 'modified' => '2023-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '16698', 'image' => '20230207030625_20230205100630_20230205091743_gold.jpg', 'article_date' => '2023-02-07 15:05:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '16976', 'article_category_id' => '1', 'title' => 'Surya Nepal Pledges Rs 11 Million for Clean Mountain Campaign', 'sub_title' => '', 'summary' => 'February 9: Surya Nepal Pvt Ltd, a leading multinational company based in Nepal, has pledged financial assistance of more than Rs 11 million to the ‘Clean Mountain Campaign 2023'.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 9: Surya Nepal Pvt Ltd, a leading multinational company based in Nepal, has pledged financial assistance of more than Rs 11 million to the ‘Clean Mountain Campaign 2023'. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">This campaign initiated by the Nepalese Army aims to protect biological diversity, nature and environment, especially in the mountainous areas of Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Surya Nepal said it will collaborate with the Nepalese Army and the Center for Research and Sustainable Development Nepal, a non-governmental organization, in this campaign. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“To support this campaign, the company will contribute Rs 11 million as part of its social responsibility,” reads a statement issued by Surya Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In this regard, a tripartite agreement has been signed between the Nepalese Army, Surya Nepal and Center for Research and Sustainable Development Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Brigadier General Sundar Kumar Pandey, Lieutenant Colonel Kishor Adhikari, Anand Mishra of the Center for Research and Sustainable Development Nepal, Managing Director of Surya Nepal Ravi K Rayavaram, and Manager Prem Narayan Aryal were present during the signing ceremony.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Under the 'Clean Mountain Campaign 2023', the Nepalese Army has been collecting waste materials from the world's highest peak Mt. Everest and other mountains such as Annapurna and Lhotse with the objective of making those mountains clean.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16715', 'image' => '20230209120632_1675897547.Clipboard06.jpg', 'article_date' => '2023-02-09 12:05:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16975', 'article_category_id' => '1', 'title' => 'There is no Geopolitical Dimension in US Assistance to Nepal: USAID Administrator Power ', 'sub_title' => '', 'summary' => 'February 9: United States Agency for International Development (USAID) Administrator Samantha Power has said that supporting Nepal is a priority of the United States (US). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 9: United States Agency for International Development (USAID) Administrator Samantha Power has said that supporting Nepal is a priority of the United States (US). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a press conference organized in Kathmandu on Wednesday before wrapping up her two-day visit to Nepal, Power clarified that there was no geopolitical dimension in the US assistance to Nepal. She said that the US has been supporting Nepal since the establishment of diplomatic relations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Administrator Power said that Nepal has an opportunity to strengthen federalism following the successful general elections and advance the inclusion of women and marginalized communities, empower the youth and show that democracy can bring results for the benefit of its citizens. The US will continue to partner towards that end, added Power. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During her visit, Power announced on Tuesday that the USAID will provide assistance of up to US$ 58.5 million to Nepal's government, civil society and the private sector to advance Nepal's democratic progress. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16714', 'image' => '20230209105340_IMG-20230208-WA0000 - Copy.jpg', 'article_date' => '2023-02-09 10:52:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16974', 'article_category_id' => '1', 'title' => 'IBN Seeks Proposals for Feasibility Study of Khaptad Tourism Project ', 'sub_title' => '', 'summary' => 'February 8: The government is preparing an integrated plan to develop tourism infrastructures in Khaptad, a scenic pasture land in far-western Nepal.', 'content' => '<p><span style="font-size:18px">February 8: The government is preparing an integrated plan to develop tourism infrastructures in Khaptad, a scenic pasture land in far-western Nepal.<br /> The Investment Board Nepal (IBN) on Wednesday issued a 15-day notice seeking the proposals for conducting a feasibility study for an integrated tourism project and a long-term plan for the development of Khaptad.<br /> The notice states that the interested parties can submit the proposal online. Once the proposal is selected, the successful bidder will be given one year period for conducting the feasibility study and preparing a long-term plan. <br /> The Investment Board had showcased this project during the International Investment Summit organized by the government organized in March 2019. As per the project bank details prepared for the investment summit, the cost of integrated tourism and transport infrastructures construction was estimated to be around US$ 187 million. <br /> The board had developed a plan for the construction of a seven-km long cable car from Jhigrana Post of Doti district to the Khaptad National Park office. Similarly, other infrastructures planned for this project were the establishment of two-star hotels, golf course, yoga and meditation centres, horse riding arena, helipad, sky diving service among others. <br /> The project will be run in public-private partnership model, the board said. (With inputs from RSS) </span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16713', 'image' => '20230209102203_Bucci_Flower.jpg', 'article_date' => '2023-02-09 10:20:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16973', 'article_category_id' => '1', 'title' => 'Construction of Superdordi Hydropower Over; To Generate Power Within Month', 'sub_title' => '', 'summary' => 'Construction of Superdordi ‘Kha’ Hydropower Project with installed capacity of 54 megawatt has been completed in Lamjung. ', 'content' => '<p><br /> <span style="font-size:18px">February 9: Construction of Superdordi ‘Kha’ Hydropower Project with installed capacity of 54 megawatt has been completed in Lamjung. Constructed by People’s Hydropower Company Limited at Dhodeni of Dordi Rural Municiplaity-6, Lamjung , test of the project’s dam and descender is underway at the moment. </span></p> <p><span style="font-size:18px">According to the hydropower’s site in-charge Ramesh Sigdel, the work to collect water in descender is going on after the completion of all types of construction work a few days ago.</span></p> <p><span style="font-size:18px">Testing of the hydropower project is underway by putting water in the intake and descender. Testing of the major tunnel and other structures will start from February 11. </span></p> <p><span style="font-size:18px">After around 22 days’ testing of the main tunnel, test production of the hydropower will follow. The project has 5.1-kilometre-long tunnel. The project has total of 10.350 kilometres of tunnel. </span></p> <p><span style="font-size:18px">Hydropower project stated that India’s blockade, flood in Dordikhola, COVID-19 and lockdown had delayed the construction work. The total cost of the project has reached 10.5 billion though preliminary cost estimation for the project was Rs 8.80 billion. </span></p> <p><span style="font-size:18px">The hydropower had started construction in 2016 after signing Power Purchase Agreement (PPA) with Nepal Electricity Authority (NEA) in 2015. The company had set the target to finish the project within four years. </span></p> <p><span style="font-size:18px">The deadline was repeatedly extended for failing to finish the construction of the hydropower project. <br /> Run-of-the-river type hydropower is expected to generate 315 million units of electricity annually. </span></p> <p><span style="font-size:18px">As per the PPA with Nepal Electricity Authority, the hydropower will sell per unit electricity at Rs 8.40 in dry season and at Rs 4.80 in the summer season. </span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16712', 'image' => '20230209061104_collage (41).jpg', 'article_date' => '2023-02-09 06:01:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '16971', 'article_category_id' => '1', 'title' => 'Government Prepares to Dispatch Medical Team and Essentials to Quake-Hit Turkey ', 'sub_title' => '', 'summary' => 'February 8: The government has decided to send medical teams and essentials to Turkey in the aftermath of a devastating earthquake there. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The government has decided to send medical teams and essentials to Turkey in the aftermath of a devastating earthquake there. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the National Council for Disaster Risk Reduction and Management held at the Office of the Prime Minister and Council of Ministers on Wednesday took a decision to this effect. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, Prime Minister Pushpa Kamal Dahal termed Turkey as a good friend of Nepal and stressed the need of joining hands with it during the crisis. </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"">“Turkey is a good friend of Nepal. In the past, Turkey was with us during the need and emergency and it is our responsibility to stand by its side during these hours of grief,” he said, proposing the meeting to send medical teams and emergency goods and essential logistics as soon as possible. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by Deputy Prime Minister and Finance Minister Bishnu Poudel, Chief Secretary Shanker Das Bairagi, Chief of Army Staff Parabhu Ram Sharma and office-bearers and members of the committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Turkey was struck by a 7.8 magnitude earthquake on Monday, causing massive loss of lives and property. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16710', 'image' => '20230208071705_XxjpbeE007026_20230208_PEPFN1A001.JPG', 'article_date' => '2023-02-08 19:16:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16970', 'article_category_id' => '1', 'title' => 'Good governance and prosperity government’s priority, says Deputy Prime Minister Shrestha ', 'sub_title' => '', 'summary' => 'Deputy Prime Minister and Minister for Physical Infrastructure and Transport, Narayankaji Shrestha, said that government had accorded priority to good governance and prosperity of the country. ', 'content' => '<p><br /> <span style="font-size:18px">February 8: Deputy Prime Minister and Minister for Physical Infrastructure and Transport, Narayankaji Shrestha, said that government had accorded priority to good governance and prosperity of the country. </span></p> <p><span style="font-size:18px">Addressing the 20th anniversary ceremony of the Commune at Gauridanda of Bardibas-3 in Mahottari district on Wednesday, Deputy Prime Minister mentioned that the government had adopted the infrastructure development as a major policy to achieve the goal of development and prosperity.</span></p> <p><span style="font-size:18px">Deputy Prime Minister Shrestha, who is also main patron of the Commune, recalled that the Commune was established 20 years ago with an intension of adopting 'Collective Practice for Social Transformation'. </span></p> <p><span style="font-size:18px">Shrestha further said that the organisation established with the vision of transforming oneself into a commune lifestyle and giving up personal wealth would be helpful in controlling the corruption and ensuring good governance in the society.</span></p> <p><span style="font-size:18px">A total of 16 families including family of former Minister Girirajmani Pokhrel are now residing in the commune. </span><br /> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16709', 'image' => '20230208064335_collage (40).jpg', 'article_date' => '2023-02-08 18:41:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '16969', 'article_category_id' => '1', 'title' => '15 Million People Face Catastrophic Risk from GLOF', 'sub_title' => '', 'summary' => 'February 8: Up to 15 million people face risk of catastrophic flooding from glacial lakes which could burst their natural dams at any moment, a new study has found.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 8: Up to 15 million people face risk of catastrophic flooding from glacial lakes which could burst their natural dams at any moment, a new study has found.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the BBC, the study led by Newcastle University is the first global attempt to map potential hotspots for such floods.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The impact of global warming has increased both the volume and number of glacial lakes worldwide, the report published in the journal Nature Communications states.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The study assessed the conditions of lakes and the number of people living downstream from them, which has also increased significantly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">'There are a large number of people globally exposed to the impacts of these floods," BBC quoted Rachel Carr, a glaciologist at Newcastle University and an author on the paper as saying.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"It could happen at any point - that's what makes them particularly dangerous, because it's hard to predict exactly when they will happen."</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The authors say those facing the greatest threat live in mountainous countries in Asia and South America.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">More than half of the globally exposed population are found in just four countries: India, Pakistan, Peru, and China, Nature Communications wrote on its website.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Populations in High Mountains Asia (HMA) are the most exposed and on average live closest to glacial lakes with ~1 million people living within 10 km of a glacial lake.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"It's how close people are to those lakes, and their capacity to respond to the disaster that's important," said Dr Carr.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Lakes formed by melting glaciers have natural dams of loose rocks and ice that can fail suddenly and unpredictably.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Glacial lake outburst floods (GLOFs) can be highly destructive and can arrive with little prior warning, causing significant damage to property, infrastructure, and agricultural land, and resulting in extensive loss of life.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Authors of the study stressed the importance of early warning systems such as time-lapse cameras.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Stephan Harrison, a leading expert on the impact of climate change on glacial lakes at the University of Exeter, who was not involved in the research told BBC that the research was only a first step towards better understanding of the impact of climate change on what are known as glacial lake outburst floods (GLOFs).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">That relationship is complex and made harder to prove by what scientists suspect to be a long time lag between cause and effect, concluded the report.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16708', 'image' => '20230208043855_glacial-lake-Himalayas-Nepal-Ama-Dablam.jpg', 'article_date' => '2023-02-08 16:38:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16968', 'article_category_id' => '1', 'title' => 'China urged to Include Nepal in its Tourist Destination List ', 'sub_title' => '', 'summary' => 'February 8: The Pokhara chapter of Hotel Association of Nepal has urged the Embassy of China in Kathmandu to include Nepal in its tourist destination list. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The Pokhara chapter of Hotel Association of Nepal has urged the Embassy of China in Kathmandu to include Nepal in its tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a request letter to the Chinese Ambassador to Nepal, Chen Song, the association’s Chairman Laxman Subedi has stated that tourism entrepreneurs are ready and hopeful to welcome Chinese tourists in Nepal in 2023. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In his letter, Subedi has stated that the Aasociation is saddened as Nepal was not included in the Chinese government’s tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After a gap of three years after the COVID-19 pandemic, the government of China has released the names of 20 countries as tourist destinations for its citizens. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the letter written to the embassy, the association has asked the Chinese side to rethink its decision and include Nepal in the tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Subedi said that Chinese ambassador has responded positively to the letter of the association. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16707', 'image' => '20230208030556_20220811101027_Flag-Pins-Nepal-China.jpg', 'article_date' => '2023-02-08 15:05:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16967', 'article_category_id' => '1', 'title' => 'Khetan Group to Part Ways with Carlsberg', 'sub_title' => '', 'summary' => 'February 8: Khetan Group is preparing to end its partnership with Danish beer producer Carlsberg.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">February 8: Khetan Group is preparing to end its partnership with Danish beer producer Carlsberg. If Carlsberg of Denmark accepts the proposal of Khetan Group to leave the partnership, then Khetan Group will receive around Rs 100 billion. However, Carlsberg is yet to accept Khetan Group's proposal. If Carlsberg agrees to Khetan Group's proposal, it will be Nepal's biggest ever purchase and sale deal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Khetan Group proposed to sell the shares of Carlsberg and the holding company (Carlsberg South Asia Pvt. Ltd.) for USD 744 million (about Rs 98.20 billion according to the exchange rate on Wednesday) and exit. This holding company based in Singapore looks after 100 percent of Carlsberg's business in India and 90 percent in Nepal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">One of the main investors of Carlsberg South Asia Pvt Ltd is CP Khetan, brother of industrialist Rajendra Khetan. As per the partnership deal, 66.7 percent share ownership is with Carlsberg Group and 33.3 percent with Khetan Group. According to Carlsberg, Khetan Group gave a formal notice to sell all the shares it has. Carlsberg mentioned in its report that Khetan Group will sell 33.3 percent of its shares to Denmark's Carlsberg Group for USD 744 million.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Gorkha Brewery, owned by Carlsberg, Khetan Group and other Nepali businessmen produces Carlsberg, Tuborg, San Miguel and Gorkha beer. Carlsberg also informed that the share purchase process has proceeded according to Khetan Group's proposal. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">There was a serious dispute between Khetan Group and Carlsberg for some time. Carlsberg accused Khetan Group of violating the partnership agreement and good governance. A lawsuit was pending in Singapore between the two parties to settle the dispute. During the hearing of the case, the court had decided that Khetan Group can exit. Carlsberg was ordered to work on purchase option (call option) and Khetan Group to work on sale option (put option).</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the order, both parties appointed international evaluators separately. The average value of the valuations done by those appraisers was fixed at USD 744 million.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Khetan Group submitted a formal proposal on Monday to sell its shares at the same average price. Ten percent ownership of Gorkha Brewery is with other businessmen of Nepal while Rajendra Khetan has 9.95 percent share. The remaining 0.5 percent investment belongs to Dibya Mani Rajbhandari and Kamal Bikram Singh.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16706', 'image' => '20230208022133_1675824049.Clipboard10.jpg', 'article_date' => '2023-02-08 14:20:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16966', 'article_category_id' => '1', 'title' => 'Price of Gold Increases Slightly', 'sub_title' => '', 'summary' => 'February 8: The price of gold has increased by Rs 200 per tola (11.66 grams) in the domestic market on Wednesday compared to the previous trading day.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The price of gold has increased by Rs 200 per tola (11.66 grams) in the domestic market on Wednesday compared to the previous trading day. The Federation of Nepal Gold and Silver Dealers’ Association has fixed the price of fine gold at Rs 104,800 per tola for Wednesday. On Tuesday, the precious yellow metal was traded at 104,600 per tola. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the standard gold is being traded at Rs 104,300 per tola.. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the price of silver plummeted by Rs 5 per tola on Wednesday compared to Tuesday’s price and is being traded at Rs 1,315 per tola. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The federation sets the prices of gold and silver on a daily basis based on the prices in the international market. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16705', 'image' => '20230208125240_gold newwww.jpg', 'article_date' => '2023-02-08 12:51:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16965', 'article_category_id' => '1', 'title' => 'Share Market Rises due to Positive Indications of NRB Report', 'sub_title' => '', 'summary' => 'February 8: The share market inclined sharply on Tuesday a day after Nepal Rastra Bank (NRB) released data showing overall improvement in macroeconomic indicators.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 8: The share market inclined sharply on Tuesday a day after Nepal Rastra Bank (NRB) released data showing overall improvement in macroeconomic indicators. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The secondary market surged by 3.65 percent (76.64 points) on Tuesday to close at 2,177 points. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had released the Current Macroeconomic and Financial Situation Report of the first six months of current fiscal year on Monday which showed improvements in major indicators such as Balance of Payments (BoP), foreign exchange reserves, remittance inflow among others.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB report showed that the BoP remained at a surplus of Rs 97.10 as of mid-January, which will be sufficient to cover the merchandise and services imports for 9.1 months.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The positive indicators boosted the confidence of investors and the daily turnover increased to Rs 3.362 billion on Tuesday from Rs 1.474 billion day before. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The demand for loans is still low because of the high interest rates but the increase in bank deposits has eased the liquidity crisis and has brought down the CD ratio.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Banks’ borrowing from the central bank has also declined with the improvement of liquidity situation. The bank rate has dropped to 4 percent. The central bank has also issued reverse repo worth Rs 5 billion after the liquidity crisis eased. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The interest on deposits has also dropped since mid-January. This indicates that the interest on loans will also drop in the future. All of these indicators have boosted the confidence of the investors.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On top of it, Finance Minister Bishnu Poudel is positive about removing the limit of Rs 210 million for margin lending. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All these factors have contributed to the sharp rise in in share marker, says Damaru Ballav Ghinire, a long-time investor.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Securities Board of Nepal (SEBON) chair Ramesh Hamal had made a commitment on Monday to work for the development and expansion of the secondary market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Investors Forum;s former president Chotelal Rauniyar says Tuesday’s surge in share market as normal. The Nepse index had I ncreased to as high as 3200 points some time ago. However, Rauniyar agrees that the share market investors have been buoyed by the recent report of NRB</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16704', 'image' => '20230208110844_20180911013817_be.jpg', 'article_date' => '2023-02-08 11:08:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16964', 'article_category_id' => '1', 'title' => 'USAID Announces Assistance of Nearly $60 Million to Nepal ', 'sub_title' => '', 'summary' => 'February 8: The United States Agency for International Development (USAID) has enhanced its support to advance democratic progress in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The United States Agency for International Development (USAID) has enhanced its support to advance democratic progress in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">USAID's administrator Samantha power who is on a two-day official visit to Nepal announced to provide USAID assistance up to $ 58.5 million to advance Nepal's democratic progress, subject to availability of funds. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The announcement was made in the presence of representatives of the Government of Nepal, civil society and private sector on Tuesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the US Embassy in Kathmandu, the amount of $ 20.2 million was a part of $659 million development objective agreement announced in 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Following transparent and peaceful election this year, Nepal has an opportunity to strengthen federalism, advance the inclusion of women and marginalized communities, empower youths and demonstrate that democracy can deliver to its people. The US would collaborate with Nepal in these areas, the US embassy said in a statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The USAID investment would further help strengthen public financial management, independent civil society and media, democratic processes and institutions, rule of law and private sector, thereby consolidating its democratic achievements and inviting further wider prosperity and resilience, added the statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">USAID would also continue its assistance to Nepal in its bid to fight against human trafficking. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In order to deliver service in a more accountable and transparent manner from economic perspectives, the investment announced on Tuesday includes up to $20 million to support provincial and local governments towards strengthening inclusive democracy and prosperity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, assistance up to $ 18.5 million is included in the package to support the independent CSOs led by and for women, youth and marginalized community people to advance community needs, fundamental freedoms and accountability. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">USAID would work with the CSOs to develop their skills, credibility and techniques required to engage effectively with the government and the general public. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The international development agency has said that it would also collaborate with media to support efforts to improve public access to credible information and diverse narratives. That will enhance social trust on media. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The USAID has also shared that it would work to strengthen rule of law and legal regime to fight against human trafficking as well as to further enable free and fair elections. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">These new initiative is built on more than 60-years of USAID partnership with the Nepal government and the people, private sector and others to support goals and aspirations of Nepal. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16703', 'image' => '20230208093716_KB_KTM-RE3A7328copy.jpg', 'article_date' => '2023-02-08 09:35:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16963', 'article_category_id' => '1', 'title' => 'Government Formulates National Strategy for Export of Pashmina', 'sub_title' => '', 'summary' => 'The government has set the target to export pashmina worth 750 million in the US Dollar till 2026. Keeping in mind the target, the Nepal government has unveiled “Pashmina Sector Export National Strategy”.', 'content' => '<div> <div> <div> <div> <div> <div> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">February 7: The government has set the target to export pashmina worth 750 million in the US Dollar till 2026. Keeping in mind the target, </span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif""> the Nepal government has unveiled “Pashmina Sector Export National Strategy”.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Amidst a programme organized in Lalitpur, Minister for Industry, Commerce and Supplies Damodar Bhandari released the “Pashmina Sector Export National Strategy” on Tuesday. P</span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">ashmina sector export national strategy was formulated in collaboration with Ministry of Industry, Commerce and Supplies, Trade and Export Promotion Center, Nepal Pashmina Industries Association. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">The national strategy will be technically assisted by International Trade Center under EU Nepal Trade and Investment Programme operated with EU’s support. </span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Minister Bhandari said that national strategy on pashmina export would contribute largely to development and expansion of pashmina industries.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Bhandari informed that a factory would be set up to produce thread out of wools of mountain goats for the first time in Nepal. He claimed that production and quality of pashmina-borne goods would increase following the production of pashmina thread in Nepal from the wools of mountain goats.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">National pashmina export strategy formulated by industry and commerce ministry with EU’s financial assistance and International Trade Center’s technical support sets the target to export the pashmina within five years. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Secretary Madhu Kumar Marasini at the Ministry of Industry, Commerce and Supplies stressed the need to encourage the farmers to keep mountain goats in the mountainous districts for wool production.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">“We can export pashmina and earn a lot of money to reduce trade deficit. Thus, we have to encourage the farmers for keeping mountain goats for wool production,” Marasini added. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Nepal Pashmina Industries Association Chairman Bijay Dugad said that Pashmina Sector Export National Strategy would be helpful for the private sector. “The production of thread used for making pashmina inside the country is very good step. Farmers will get good price for the wools of mountain goats used to make pashmina,” he added. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Nepal is importing pashmina thread from outside to make pashmina goods. “Making pashmina thread inside the country will give good price to the farmers,” Dugad stated.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Nepal has capacity to manufacture 5 million pieces of pashmina. However, only 2 to 2.5 million pieces of pashmina are being made at the moment. </span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">A foundation stone of Pashmina Fiber Processing Center to manufacture pashmina thread was laid in Harisiddi, Lalitpur on Tuesday. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">Nepal had imported pashmina shawls worth Rs 2.53 billion in 2021. </span></span></span><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:Calibri,"sans-serif"">With target to export pashmina worth 75 million in the US Dollar by 2026, the national pashmina export strategy is expected to contribute to the prosperity of the country. The strategy clearly describes roles and responsibilities, plans, coordination and implementation of all stakeholders.</span></span></span></p> </div> <div> </div> <div> </div> </div> </div> <div> </div> </div> </div> <div> </div> </div> <div> <div> <div> <div> <table cellspacing="0" style="border-collapse:collapse"> <tbody> <tr> <td style="vertical-align:top; width:44px"><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><img class="ajn bofPge" id=":mr_5" src="https://lh3.googleusercontent.com/a/AEdFTp4-VpiAMFbtOF9st6DjlMR50rTaZa7DRPIhBo2C=s40-p" style="border-radius:50%; display:block; height:40px; width:40px" /></span></span></td> <td style="width:922px"> <div> <div><span style="font-size:18px"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif"><span style="font-family:"Google Sans",Roboto,RobotoDraft,Helvetica,Arial,sans-serif">ReplyForward</span></span></span></div> </div> </td> </tr> </tbody> </table> </div> </div> </div> </div> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16702', 'image' => '20230208061115_collage (39).jpg', 'article_date' => '2023-02-08 05:51:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '16961', 'article_category_id' => '1', 'title' => 'Tourism Entrepreneurs Excited about Jeep Safari in Chitwan National Park', 'sub_title' => '', 'summary' => 'February 7: Tourism entrepreneurs are excited due to the initiative to start of jeep safari from Nawalpur to Chitwan National Park (CNP).', 'content' => '<p>February 7: Tourism entrepreneurs are excited due to the initiative to start of jeep safari from Nawalpur to Chitwan National Park (CNP).</p> <p>Earlier, this service was only available to the buffer zones and community forests near the national park.</p> <p>Dhaniram Gurau, a tourism entrepreneur from Kawasoti said that they are excited because the number of tourists will increase if the visitors who come for a jungle safari are given additional services of jeep safari in the park area with a boat ride in the Narayani River.</p> <p>He said, “Earlier, jeep safari could go only upto the community forests located in the buffer zone, but now tourists can visit the park as well, so the number of tourists coming here has increased.”</p> <p>Nawalpur Tourism Committee Chairman Phansram Mahato said that last year jeep safaris were stopped even in the community forests of the buffer zone, but now that the park has allowed safaris across Narayani. Tourism activities will now increase in the district.</p> <p>“We are happy, this step will help to keep the tourism activities going,” he said. According to him, CNP gave permission to all hotels and businessmen on January 25 to enter the park from the Amaltari post of Nawalpur.</p> <p>Earlier, only Hotel Temple Tiger and Tharu Village were allowed to take tourists to the park. Chief District Officer Krishna Prasad Lamsal said that since tourists will be able to travel to Gaindakhasa, Devital, Tiger Tops route and crocodile breeding center through Amaltari, there will be an increase in economic and tourist activities in this area.</p> <p>Inaugurating the safari on Saturday, CDO Lamsal said that after the jeep safari starts inside the park from Nawalpur, the arrival of foreign tourists will also promote the local culture. The committee started a safari in the park amid an official program. Ten people will be allowed to enter the park in five jeeps per day from Nawalpur area. Hotel and tourism businesses will get permission on 'first-come-first-service' basis.</p> ', 'published' => true, 'created' => '2023-02-07', 'modified' => '2023-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '16700', 'image' => '20230207084654_DA_Tribeni-DSC_0071.jpg', 'article_date' => '2023-02-07 20:46:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16958', 'article_category_id' => '1', 'title' => 'India Increases Customs Duty on Gold Imports', 'sub_title' => '', 'summary' => 'February 7: The Government of India has increased the customs duty on gold import through the budget for the fiscal year 2023/24.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 7: The Government of India has increased the customs duty on gold import through the budget for the fiscal year 2023/24. India’s Finance Minister Nirmala Sitharaman has increased the customs duty on gold imports to 12 and a half per cent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Experts said that since Nepal and India have open border and uninterrupted trade, as soon as the price of gold increases in the Indian market, it will automatically affect the Nepali market. On the other hand, Nepal's northern neighbour, China, has been imposing minimal rate of tax on gold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Businessmen said that the possibility of exporting gold from China to India via Nepal cannot be ruled out. However, since China closed its borders with Nepal after the Covid, the possibility of Chinese gold being delivered to India through transit in Nepal is very unlikely. Apart from this, it is said that the possibility of bringing gold from other countries illegally to Nepal and bringing it to India will also increase.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“The government should control it through its security and inspection mechanism," said Manikaratna Shakya, president of the Federation of Nepal Gold and Silver Dealers Association. He said that the Nepali market can also be affected by such activities.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nepal imports gold from Dubai, Turkey, Hong Kong and Australia. However, businessmen cannot import gold in Nepal. Banks import gold in Nepal as per the provisions of Nepal Rastra Bank, while Businesses buy from banks.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Traders said that with the Indian government increasing the customs duty on gold import, the price of gold in the Nepali market will be cheaper by Rs 1000 to 1500 per tola compared to India. According to the Federation’s President Shakya, Indian customers can come to the border towns of Nepal to buy gold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“There is a possibility that Indian customers will come to the Nepali market and buy gold. It is good if this happens. Nepali business will grow, and many will get jobs,” he said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The government of Nepal has adopted a policy of sending only 10 kg of gold per day to the market for trading. Due to the impact on international economic activities after the Russia-Ukraine war, as the foreign currency reserves are decreasing in Nepal, the government has reduced the amount of gold to be sent to the market to 10 kg to reduce the outflow of dollars. Businessmen are demanding to increase in the amount saying that 10 kg of gold will be less during the peak season.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">"10 kg of gold is less. The government needs to send at least 20 or 25 kg of gold to the market daily,'' Pawan Kumar Somani, the vice president of the federation, said. He said that there is no alternative to increasing the amount of gold to keep the market moving.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">However, because after India increased the tax on gold import, the price of gold in Nepal decreased, increasing the amount of gold in the market may create a situation where the gold will have to be bought in dollars and sold in gold. If this happens, there will be a situation where the demand of businessmen, who have been taking a stand for increasing the supply of gold for a long time, will not be met.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-07', 'modified' => '2023-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '16698', 'image' => '20230207030625_20230205100630_20230205091743_gold.jpg', 'article_date' => '2023-02-07 15:05:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
