Minister for Culture, Tourism and Civil Aviation, Sudan Kirati, said the Nepal Airlines Corporation (NAC) would launch its flight from Gautam Buddha International Airport…
Minister for Culture, Tourism and Civil Aviation, Sudan Kirati, said the Nepal Airlines Corporation (NAC) would launch its flight from Gautam Buddha International Airport…
February 5: The price of gold plummeted by Rs 2,000 per tola (11.66 grams) in the domestic market on Sunday compared to the previous trading-day rate.…
February 5: Former Pakistan President and chief of Army Staff Pervez Musharraf passed away on Sunday at American Hospital in UAE's Dubai after a prolonged illness, reported Daily…
The Rastriya Swatantra Party has decided to quit the government.…
Minister for Communications and Information Technology Rekha Sharma asked Nepal Telecommunications (NTC) to expand the reach of telecommunications service to the rural and remote…
February 5: Due to the government’s delay in approval for the Food Management and Trading Company (FMTC) Limited to purchase paddy, the state-owned company has not been able to meet the target of paddy purchase from…
February 5: There has been a slight improvement in the business of life insurance companies in the second quarter of the current fiscal year…
February 5: The Confederation of Nepalese Industries (CNI) has urged Minister of Culture, Tourism and Civil Aviation Sudan Kirati to make Nepal's tourism industry competitive by reducing air…
February 5: Bhuwan Bahadur Majhi, 43, who had been on a fugitive list for half a year following the conviction of banking offense by the court, was arrested three days…
February 5: The Civil Aviation Authority of Nepal (CAAN) has come up with a six-point reforms to enhance aviation…
February 5: Himalaya Shumsher Rana, one of the pioneer bankers of the country and the first governor of Nepal Rastra Bank (NRB), passed away on Sunday morning. He was…
BPW Laghubitta Bittiya Sanstha is issuing its Initial Public Offering (IPO) to the Nepali citizens working in foreign countries from…
February 4: Farmers in Nawalparasi East have found their calling in mushroom farming.…
February 4: Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel said the government is preparing to bring the annual fiscal policy and programmes in a way to completely check the tradition of budgetary virements from the upcoming fiscal…
February 4: Farmers of Chitwan district have expressed their dissent by throwing green vegetables on the road, reportedly for not getting appropriate price for their agro…
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Kirati assured that NAC would launch its services targeting the airport soon. “I will do everything possible to bring other airlines to the GBIA as well,” added Kirati.</span></p> <p><span style="font-size:18px">The minister informed that efforts were also made for the operation of Colombo-Bhairahawa-Colombo flight during the foreign minister Bimala Rai Paudyal’s Sri Lanka visit. Kirati said that the government would address diplomatic and technical issues for the operation of the airport and provide all necessary support towards that end.</span></p> <p><span style="font-size:18px">Jazeera Airway and Himalaya Airlines which were providing regular flights to and from the airport suspended services in December, 2022 citing adverse atmospheric conditions.</span></p> ', 'published' => true, 'created' => '2023-02-06', 'modified' => '2023-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '16680', 'image' => '20230206062818_collage - 2023-02-05T191537.487.jpg', 'article_date' => '2023-02-06 06:18:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '16940', 'article_category_id' => '1', 'title' => 'Price of Gold Falls by Rs 2,000 per Tola on Sunday', 'sub_title' => '', 'summary' => 'February 5: The price of gold plummeted by Rs 2,000 per tola (11.66 grams) in the domestic market on Sunday compared to the previous trading-day rate. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 5: The price of gold plummeted by Rs 2,000 per tola (11.66 grams) in the domestic market on Sunday compared to the previous trading-day rate. According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of fine gold has been fixed at Rs 104,100 per tola and standard gold is being traded it Rs 103,600 per tola. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">On Friday, fine gold was traded at Rs 106,100 per tola and standard gold’s price was Rs 105,600. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The domestic market for gold and silver remains closed on Saturday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the price of silver on Sunday went down by Rs 45 per tola and was traded at Rs 1,320 per tola. The federation fixes the prices of gold and silver in the domestic market on a daily basis based the price in the international market. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16679', 'image' => '20230205100630_20230205091743_gold.jpg', 'article_date' => '2023-02-05 22:05:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16938', 'article_category_id' => '1', 'title' => 'Pakistan's Former President Pervez Musharraf Passes Away ', 'sub_title' => '', 'summary' => 'February 5: Former Pakistan President and chief of Army Staff Pervez Musharraf passed away on Sunday at American Hospital in UAE's Dubai after a prolonged illness, reported Daily Pakistan. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 5: Former Pakistan President and chief of Army Staff Pervez Musharraf passed away on Sunday at American Hospital in UAE's Dubai after a prolonged illness, reported Daily Pakistan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Local media reports quoting his family members said that the former four-star general succumbed to 'Amyloidosis'. Musharraf was hospitalised for a couple of weeks due to a complication of his ailment, as per reports. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Musharraf had been living in Dubai since 2016 for treatment. As per local media reports, Musharraf had expressed his desire to spend the "rest of his life" in his home country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Express Tribune newspaper reported that the former president wanted to return to Pakistan as soon as possible. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Musharraf was Pakistan's army chief during the Kargil war between India and Pakistan. The conflict the two countries is believed to have been orchestrated by Musharraf without the knowledge of the then Pakistan Prime Minister, Nawaz Sharif. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Musharraf was the tenth president of Pakistan after a successful military coup in 1999. He served as the 10th Chairman Joint Chiefs of Staff Committee of Pakistan (CJCSC) from 1998 to 2001 and the 7th top general from 1998 to 2007. -- ANI/RSS</span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16677', 'image' => '20230205090927_EOKbbuUUcAACHy4.jpg', 'article_date' => '2023-02-05 21:06:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16937', 'article_category_id' => '1', 'title' => 'Rastriya Swatantra Party to Quit Government ', 'sub_title' => '', 'summary' => 'The Rastriya Swatantra Party has decided to quit the government. ', 'content' => '<p><br /> <span style="font-size:18px">February 5: The Rastriya Swatantra Party has decided to quit the government. A joint meeting of central committee members and lawmakers of the party held on Sunday decided to call back its ministers and state minister from the government, said Party Chairperson Rabi Lamichhane in a press meet after the meeting. </span></p> <p><span style="font-size:18px">The meeting, however, decided not to withdraw its support provided to the incumbent government. The party has Dol Prasda Aryal as Minister for Labour, Employment and Social Security, Sishir Khanal as Minister for Education, Science and Technology and Toshima Karki as State Minister of Health and Population Minister in the incumbent cabinet. </span><br /> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16676', 'image' => '20230205091036_PRW-Kathmandu-6F8A7150 (1).JPG', 'article_date' => '2023-02-05 17:23:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '16936', 'article_category_id' => '1', 'title' => 'NTC Has to Expand Its Reach to Rural Areas, Says Minister Rekha Sharma ', 'sub_title' => '', 'summary' => 'Minister for Communications and Information Technology Rekha Sharma asked Nepal Telecommunications (NTC) to expand the reach of telecommunications service to the rural and remote areas.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif""> February 5: Minister for Communications and Information Technology Rekha Sharma asked Nepal Telecommunications (NTC) to expand the reach of telecommunications service to the rural and remote areas. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Speaking on the occasion of Nepal Telecommunications Company Limited(Nepal Telecom)’s 19th anniversary, Minister Sharma noted that the NTC has been in the campaign to support government's policy for skill and knowledge intensive educational development through the access and use of internet-based innovative information technology and thereby alleviating poverty. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Minister Sharma expressed her confidence that the NTC would further devote its efforts to create opportunities for the service recipients to get reliable and quality service in a more competitive environment by cashing in on the innovative technology and achievements of IT sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The NTC held a special function at its central office complex in Bhadrakali Plaza to celebrate its 19th annual general assembly on Sunday. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Telecom Spokesperson Shovan Adhikari shared the Company has been delivering mobile telephone, GSM, GPRS, 3G and 4G services to its customers. Also, it has been providing dedicated line and mobile telephone service, broadband and dedicated line internet service and internet SMS services, added Adhikari. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Likewise, Secretary at the ministry of Communications and information Baikuntha Aryal extended best wishes to the NTC for its capability to deliver further quality, reliable and accessible service to the customers. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Managing Director of the NTC Sunil Poudel expressed his commitment to put all-out efforts to make the Company a first choice of customers by utilizing the existing high-tech infrastructures, network and resources, including human capital.</span></span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16675', 'image' => '20230205044758_collage - 2023-02-05T164922.365.jpg', 'article_date' => '2023-02-05 16:41:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '16934', 'article_category_id' => '1', 'title' => 'Government’s Dilly Dallying Results in Failure to Meet Paddy Purchase Target', 'sub_title' => '', 'summary' => 'February 5: Due to the government’s delay in approval for the Food Management and Trading Company (FMTC) Limited to purchase paddy, the state-owned company has not been able to meet the target of paddy purchase from farmers.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 5: Due to the government’s delay in approval for the Food Management and Trading Company (FMTC) Limited to purchase paddy, the state-owned company has not been able to meet the target of paddy purchase from farmers. On the other hand, the farmers could not benefit from the support price fixed by the government due to the delay. The Mahendranagar office of FMTC, which aimed to purchase 14,000 quintals of paddy, has purchased only 2,950 quintals so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Tapendra Upadhyaya, acting head of the company's Mahendranagar office said that the company failed to purchase paddy as per the target as the number of farmers coming to sell rice has dropped significantly. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The company purchased only 2950 quintals of paddy as of last Thursday. A total of 190,000 metric tons of paddy was produced in 48,469 469 hectares of land in Kanchanpur this year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Upadhyaya said, “Only small numbers of farmers are coming in to sell paddy. By now, 10,000 quintals of paddy should have been purchased, but many farmers have already sold their produce to the traders before we started purchasing.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">FMTC estimated that up to 3500 quintals of rice will be purchased this year. The company started purchasing from December 16 through Mahendranagar depot in Kanchanpur. Last year too, paddy could not be purchased as per the target. Although the target was to purchase 6,000 quintals of paddy last year, only 1,161 quintals were purchased.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Even the Dhangadhi office of FMTC has not been able to purchase paddy as per the target. According to the head of the company's Dhangadhi office, Angela Basnet, they have set a target of purchasing 40,000 quintals of paddy this year, but only 30,000 quintals have been purchased. She said that the target has not been achieved due to the delay in purchase of paddy. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In Kailali, paddy was purchased from Tikapur, Satti, Joshipur, Asnari and Mohanpur centers of Dhangadhi office of FMTC from January 12. According to the data of Agriculture Knowledge Center Kailali, 326,000 metric tons of paddy has been produced this year in an area of 69,448 hectares in the district.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Khagendra Sharma, head of Agriculture Knowledge Center Kailali, said that the farmers have to suffer when the government does not fix the support price on time. Due to late price determination, farmers do not get the expected benefits and the rice procurement target taken by the company also becomes challenging.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He suggested that the government should set the quota and adjust the price by allocating the budget by mid-August/mid-September. In addition, he said that FMTC should set up purchase depots in all areas where more rice is produced. The government increased the support price of coarse paddy by Rs 215 per quintal compared to last year to fix the price at Rs 2967 and fine paddy at Rs 3128 this year. However, it was already too late as most of the farmers had already sold their produce.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16673', 'image' => '20230205033820_640px-Rice_Plants_(IRRI).jpg', 'article_date' => '2023-02-05 15:37:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16933', 'article_category_id' => '1', 'title' => 'Business of Life Insurance Companies Improves Marginally', 'sub_title' => '', 'summary' => 'February 5: There has been a slight improvement in the business of life insurance companies in the second quarter of the current fiscal year (FY).', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 5: There has been a slight improvement in the business of life insurance companies in the second quarter of the current fiscal year (FY). The business of insurance companies has been affected by the lack of liquidity in the financial sector, lack of economic activities and high inflation.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data published by Nepal Insurance Authority, life insurance companies have collected Rs 71.65 billion in insurance fees till mid-January of the current fiscal year. Compared to the same period of the previous year, this figure is only 1.04 percent more. By mid-January of the previous year, all life insurance companies collectively raised Rs 70.91 billion in insurance fees.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In between mid-December to mid-January last year, 11 million insurance policies were active, but this year the number of active insurance policies has reached 14.1 million. According to the authority's data, Nepal Life Insurance Company is the one that earned the most insurance fees till mid-January at Rs18.63 billion. Suryajyoti Life Insurance, a merger between Surya and Jyoti Life Insurance, collected the lowest insurance premium of Rs 594.2 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The insurance companies collected Rs 12.13 billion insurance fee by mid-January of the current year. According to the authority, 1,144,000 insurance policies were sold during this period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In mid-December to mid-January, life insurance companies collected Rs 13.50 billion insurance fee from the sales and renewal of 1.01 million insurance policies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Rajuraman Paudel, executive director and spokesperson of the authority said that there has been some improvement in the insurance business, which slumped with the decline in economic activities. He estimated that the insurance business will expand in the coming days.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Meanwhile, the business expansion of life insurance companies is seen to be weak compared to that of non-life insurance companies. The business of non-life insurance companies increased by 11.79 percent by mid-January of the current year compared to mid-January of last year. Compared to mid-December of the current year, the non-life insurance business increased by 56.65 percent, as per the information of the authority.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16672', 'image' => '20230205025328_Insurance.jpg', 'article_date' => '2023-02-05 14:52:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16932', 'article_category_id' => '1', 'title' => 'CNI Urges Government to make Tourism Industry more Competitive by Reducing Airfare', 'sub_title' => '', 'summary' => 'February 5: The Confederation of Nepalese Industries (CNI) has urged Minister of Culture, Tourism and Civil Aviation Sudan Kirati to make Nepal's tourism industry competitive by reducing air fares.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">February 5: The Confederation of Nepalese Industries (CNI) has urged Minister of Culture, Tourism and Civil Aviation Sudan Kirati to make Nepal's tourism industry competitive by reducing airfares. During a felicitation program held at the ministry, the CNI suggested the minister measures to be taken to promote Nepal's tourism, the policy reforms needed immediately and in the long-term, including the initiative to remove Nepali airline companies from the blacklist of the European Union.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Raj Bahadur Shah, vice president of CNI, said that the confederation given high priority to the tourism sector and has formed a committee to look after this issue. He said that even though Nepal is an excellent tourist destination, relatively few foreign tourists are visiting the country because the airfare in Nepal is very expensive. He drew the attention of Minister Kirati to take necessary steps to reduce the air fare, to make the national flag carrier Nepal Airlines Corporation competitive and to remove Nepal from the blacklist maintained by the European Union.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Birendra Raj Pandey, vice president of CNI, said that the confederation is working with the government to expand the economy. He said that the federation is ready to cooperate with the government to advance the tourism industry.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Pampha Dhamala, chairperson of the Tourism Committee of the CNI, urged the tourism minister to give this sector the same facilities as other industries. She said that Nepal's promotion campaign should be conducted in an effective and visible manner at international destinations.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">CNI has also drawn the attention of the ministry about the lack of air routes and challenges for the successful operation of Pokhara International Airport and Gautam Buddha International Airport. The CNI also requested the government to take necessary steps to remove the limit of cash that Indian tourists can bring to Nepal, to develop and promote Nepal as a filming destination, and to facilitate the arrangements for bringing and taking away jewelry for weddings as Nepal can be an excellent destination for weddings. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">During the meeting, Minister Kirati welcomed the suggestions made by the CNI regarding the policy reforms. He said that the initiative has already been started regarding the removal of Nepal from EU’s blacklist </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16671', 'image' => '20230205022306_Untitled.jpg', 'article_date' => '2023-02-05 14:21:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16931', 'article_category_id' => '1', 'title' => 'Cases of Banking Offence on the Rise ', 'sub_title' => '', 'summary' => 'February 5: Bhuwan Bahadur Majhi, 43, who had been on a fugitive list for half a year following the conviction of banking offense by the court, was arrested three days ago. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 5: Bhuwan Bahadur Majhi, 43, who had been on a fugitive list for half a year following the conviction of banking offense by the court, was arrested three days ago. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Patan High Court had found him guilty in the case of banking fraud with a lawsuit amount of Rs 12 million. The Kathmandu Valley Crime Investigation Office had detained him from Shantinagar, Kathmandu Metropolis-31. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bhim Bahadur Tamang, 47, another guilty in a banking offense case, was recently arrested by the police and presented before the court. The claim amount in Tamang’s case is Rs 960,000. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Majhi and Tamang are just two representative cases of people who were on the run after being declared guilty on the banking fraud cases and finally caught by the police. The District Police Range, Kathmandu has a long list of fugitives in banking fraud cases and those accused of the charges. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Superintendent of Police Dinesh Raj Mainali who was lately transferred from the range, total 1,741 complaints of banking offences were registered in the police range during the fiscal year 2020-21 and the number jumped to 2,715 the following year. In the first six months of the current fiscal year, the figure has already reached 2,999. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The assessment of SP Mainali is that the risk of falling prey to banking fraudsters is on the rise with people’s increasing access to banking services. He echoed the need of making people well-informed about the Banking Offence and Punishment Act, 2064 BS (2008) with its effective enforcement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The users of online banking are on the rise. The use of multiple digital payment facilities, such as connectIPS, mobile banking and other means of digital payment has increased of late. The COVID-19 pandemic played a significant role to intensify the use of digital spheres, including digital banking in Nepal too. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The official data about the cases of banking offence suggest that though the use of digital banking system has saved our time and has been convenient to us, the risk of users falling prey to possible fraudsters has gone up. The cases of stealing money from other’s account by hacking the password have surged. In lack of sufficient knowledge of proper use of the online banking system, the risk of transferring money to unknown/unintended account also prevails. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In accordance with the Act, if the lawsuit amount is up to Rs 1 million, the offender shall face imprisonment of up to one year. If the lawsuit amount is above Rs 1 million and up to Rs 5 million, the law has provision for imprisonment of one to two years. Similarly, if the lawsuit amount is above Rs 5 million and up to Rs 10 million, there is a provision of imprisonment of two to three years for the banking offense. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the law, if the lawsuit amount is above Rs 10 million it mandates imprisonment from three to five years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Act has the provision of punishment to the persons creating hindrance in regard with dealing the case of banking offence. The adjudicating officer may punish him/her with an imprisonment of up to six months or a fine up to Rs 500,000 or both based on the report of the officer involved in investigation and inquiry. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Kathmandu Valley Crime Investigation Office’s Superintendent of Police Krishna Prasad Koirala said the cases of check bounce are also on the rise. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16670', 'image' => '20230205123706_banking-offence -800.jpg', 'article_date' => '2023-02-05 12:36:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16930', 'article_category_id' => '1', 'title' => 'CAAN Enforces New Aviation Safety Rules, Reduces Duty Hours of Pilots ', 'sub_title' => '', 'summary' => 'February 5: The Civil Aviation Authority of Nepal (CAAN) has come up with a six-point reforms to enhance aviation safety. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 5: The Civil Aviation Authority of Nepal (CAAN) has come up with a six-point reforms to enhance aviation safety. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CAAN Spokesperson Jagannath Niraula shared that a decision was made to enforce new rules so as to make the aviation service more safe, reliable, dignified and disciplined. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further said that CAAN took the initiative to improve professional responsibility and accountability of air service providers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The spokesperson further noted that the six-point decision would be strictly implemented as a commitment to make the aviation safety further effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the new measures, CAAN has reduced pilots’ duty time by one hour. Likewise, the existing arrangement of allowing a pilot to fly 10 hours and make 10 landings a day has been reduced to eight hours and eight times. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In case of pilots flying planes to short runways, the existing duty has been reduced to seven from eight hours a day. Likewise, in case of the pilots operating flights in long runways, the nine-hour duty limit has been slashed to eight hours. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the CAAN, all aircraft excluding helicopters should compulsorily keep at least 500-feet above the surface during short take-off and landing (STOL) and at least 1000 feet above the ground in accessible areas while approaching under the visual flight rule (VFR). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">From upcoming summer schedule for 2023, all aircraft apart from STOL aircraft (Twin Otter 410 and Dornier) operating flights in the control aerodrome are allowed to make instrument flight rule service. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, CAAN has enforced a mandatory rule of proficiency check skill test from concerned aircraft manufacturing company or the recommended agency before the main pilot carries out proficiency check test of another pilot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the existing arrangement of extended flight hour operation by keeping more than two crew members has been put off until another arrangement. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16669', 'image' => '20230205105753_Airport.width-1024.jpg', 'article_date' => '2023-02-05 10:57:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16929', 'article_category_id' => '1', 'title' => 'NRB’s First Governor Himalaya SJB Rana Passes Away', 'sub_title' => '', 'summary' => 'February 5: Himalaya Shumsher Rana, one of the pioneer bankers of the country and the first governor of Nepal Rastra Bank (NRB), passed away on Sunday morning. He was 96.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">February 5: Himalaya Shumsher Rana, the first governor of Nepal Rastra Bank (NRB), passed away on Sunday morning. He was 96.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to family sources, he died early on Sunday while undergoing treatment at Thapathali-based Norvic International Hospital. He was undergoing dialysis at the hospital but it was pneumonia that claimed his life, said one of his family members refering to the doctors.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">People close to him recall Rana as a soft-spoken gentleman who was highly regarded for his well behavior as well as professional integrity.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rana, the great grandson of the then Prime Minister Dev Shunsher Rana, held the position of the governor of Nepal Rastra Bank from April 26, 1956 to February 7, 1961, according to the official website of NRB.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">He is also the founding chairman of Himalayan Bank. Rana is credited for modernizing the financial institutions of Nepal in capacity of the central bank’s governor and also the finance secretary of the country.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rana, who was also a noted business leader, was recently conferred with the “Lifetime Achievement in Business Leadership Award 2022” during the Seventh NewBiz Business Conclave and Awards on December 12.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to the jury of the awards ceremony, Rana was felicitated with the lifetime achievement business award for his outstanding contribution to the field of business and entrepreneurship in Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rana, who was active in work even at the age of 96, is considered as a source of inspiration to the entire business community for the zeal he showed by initiating business ventures in different fields at his old age.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif""> “He commands the respect of the country's entire private sector as well as of the professionals and general people for his pioneering, innovating and visional roles in a number of fields such as central banking, private sector commercial banking, insurance and manufacturing,” reads the award citation. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rana is survived by two sons – Ashoke SJB Rana and Amar SJB Rana – and two daughters – Pratima Pandey and Sangeeta Thapa.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16668', 'image' => '20230205101502_himalaya.jpg', 'article_date' => '2023-02-05 09:53:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16928', 'article_category_id' => '1', 'title' => 'BPW Laghubitta Bittiya Sanstha Opens IPO Offer for Migrant Workers', 'sub_title' => '', 'summary' => 'BPW Laghubitta Bittiya Sanstha is issuing its Initial Public Offering (IPO) to the Nepali citizens working in foreign countries from Sunday.', 'content' => '<p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">February 5: BPW Laghubitta Bittiya Sanstha is issuing its Initial Public Offering (IPO) to the Nepali citizens working in foreign countries from Sunday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As per the latest provisions made by the Securities Board of Nepal(SEBON), out of the total shares to be floated to the general public, ten per cent has to be allocated to the Nepali citizens employed in foreign countries. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Shares can be floated to the general public only after allotment is done to the migrant workers. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Laghubitta Bittiya Santsha is floating 97,000 units of shares worth Rs 97,00,000 , which is 32.33 per cent of the total issued capital of Rs 3 million. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Of the 97,000 kittas of shares, 9,700 units of shares worth Rs 9,70,000 have been issued for migrant workers.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">A total of 1500 units of shares have been reserved for employees of the company while 4,850 units of shares have been separated for mutual funds. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Remaining 80,950 units of shares will be issued to the general public in the second phase.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Interested individuals can apply for a minimum of 10 units of shares while the maximum quantity of shares they can apply is 1,000 at a par value of Rs 100 per share. The offer will end on February 20. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Mega Capital Markets Limited is issue and sales manager of the laghubitta bittiya sanstha. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Investors can apply for the IPO from issue manager and all C-ASBA member banks and financial institutions approved by Securities Board of Nepal (SEBON). Investors can also apply for the IPO through Mero Share. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16667', 'image' => '20230205061201_collage (8) (3).jpg', 'article_date' => '2023-02-05 06:06:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '16927', 'article_category_id' => '1', 'title' => 'Nawalparasi Farmers Make Good Income from Mushroom Farming ', 'sub_title' => '', 'summary' => 'February 4: Farmers in Nawalparasi East have found their calling in mushroom farming. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 4: Farmers in Nawalparasi East have found their calling in mushroom farming. They are able to make good income from it. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Karna Lal Shrestha, a 61-year-old farmer, has been running an agro farm in Gaidakot Municipality-5 for two years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Started with an investment of Rs 6.5 million on six katthas of land, the business has been generating at least Rs 100,000 in income per month for him. He has built three huts for the farming. The land and other spaces are taken in lease. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"I have been selling at least 20,000 kilograms of mushroom annually. I earned a minimum of Rs 100,000 per month in profit- excluding expenditures," he shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">His age has not deterred him from the business. "Age is just a number. What you need is willpower and courage," he says. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A large amount of money was spent on building physical infrastructures for the business. The huts are used as rooms to store hay required for the farming, he said. Shrestha switched to the farming, finding it profitable after spending his 30 years' time with his father on another business. The farming is suitable during both winter and summer, and its market is also excellent, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shrestha is further encouraged when the municipality provided him an autoclave machine to steam hay at a subsidized rate of 50 percent. An autoclave machine costs Rs 1 million. "Mushroom farming is profitable than other farming. Mushroom grows and is ready for harvest in a span of 30 days. It provides good income," he explained. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Anita Neupane is also running the 'Anita Mushroom Farm' at Gaidakot-1. In the beginning, she faced hard times. But, with experiences over time, she has known the tricks of the trade, and is making adequate profit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Her spouse joined her in the farming after he returned home from foreign job when COVID-19 struck the world. "I started the business after my husband returned from a job in Qatar during COVID-19. He has been very supportive. In the beginning, I suffered a loss. But, gradually I have made proceeds. Hard work is a must," she shared. The farming grows well during winter, according to Neupane. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">She has been drawing between Rs 200,000 and Rs 300,000 annually in core income during winter. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shivashakti Farmers' Group at Gaidakot-4 run by a group of 50 female farmers is another example of success in mushroom farming. The group started the farming four years ago with an investment of Rs 300,000. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Their engagement in the farming has spread the message of unity in agriculture, said the group's Chairperson Sangita Pandit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Their continuous hard work has paid off well, she said, adding that the profit from the farming is used to run the group. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Even the local level turned supportive to the mushroom farmers by providing them subsidies, and launching various programmes targeting the business. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The municipality provided farmers with subsidies and concessional loans, and launched various programmes targeting the farming, said Surakshya Paudel, deputy technical assistant for the agriculture section in the municipality. So far, three mushroom farms have been registered at the municipality. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-02-04', 'modified' => '2023-02-04', 'keywords' => '', 'description' => '', 'sortorder' => '16666', 'image' => '20230204123455_oyster-mushroom-cultivation.jpg', 'article_date' => '2023-02-04 00:34:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16926', 'article_category_id' => '1', 'title' => 'Upcoming Budget to Bring Measures to Check Budgetary Virements: FM Poudel ', 'sub_title' => '', 'summary' => 'February 4: Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel said the government is preparing to bring the annual fiscal policy and programmes in a way to completely check the tradition of budgetary virements from the upcoming fiscal year. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 4: Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel said the government is preparing to bring the annual fiscal policy and programmes in a way to completely check the tradition of budgetary virements from the upcoming fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a discussion with the government office chiefs of Rupandehi district in Bhairahawa on Friday evening, he said, "We are formulating a policy to stop wrong practices of preparing budget in a whim than based on rationale and transferring budgets in between. Next year, we would introduce programmes in a way there is no space for budget transfer." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Not only the federal, provincial and local governments but also the government offices have been practicing budget transfer and introducing new initiatives/activities in the mid of the fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He argued that the new policy measures would be devised to check the prevailing tradition of formulating incoherent plans and executing them in a weak manner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The finance minister also urged the government offices only to focus spending on most essential activities as the government has come up with strict austerity plan. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Revenue mobilization capacity has reduced by 15 to 20 percent in the first six months of the current fiscal year compared to last year. Therefore, there is no option to cut off spending and adopt austerity," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also said the foreign aid money pledged by the development partners was also lower than expected which he argued has resulted in troubles in completing the planned projects and programmes based on donor funding. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"The international donor community asks us to spend the already-disbursed money first. But, we do not pay our attention to that end. How can we receive assistance when the conditions agreed are not met?" he questioned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a different note, the deputy prime minister said the problems surfaced in the operation of the Gautam Buddha International Airport would be resolved soon. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-02-04', 'modified' => '2023-02-04', 'keywords' => '', 'description' => '', 'sortorder' => '16665', 'image' => '20230204123338_Budget.jpg', 'article_date' => '2023-02-04 00:32:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16925', 'article_category_id' => '1', 'title' => 'Dissenting Farmers Throw Agro Produce on the Road ', 'sub_title' => '', 'summary' => 'February 4: Farmers of Chitwan district have expressed their dissent by throwing green vegetables on the road, reportedly for not getting appropriate price for their agro produce. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 4: Farmers of Chitwan district have expressed their dissent by throwing green vegetables on the road, reportedly for not getting appropriate price for their agro produce. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Saying the price of vegetables produced in the country has decreased due to cheap imported vegetables, the farmers launched the demonstration by throwing vegetables on the road. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Farmers’ Struggle Committee launched the demonstration at Pulchowk of Narayangadh and threw vegetables—tomato, pumpkin, carrot, cauliflower and cabbage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Coordinator of the struggle committee, Lekhnath Bhusal, said vegetables produced locally did not get appropriate market price due to the import of cheap vegetables from neighbouring India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Commercial vegetable farming is being carried out in 1,500 hectares of land in the district. Saying Indian vegetables has led to decrease in the price of vegetables produced inside the country, Bhusal mentioned that their request with the federal, provincial and local-level governments to stop the import of vegetables from India was not addressed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The district produces around 300 metric tonnes of vegetables daily. The vegetables produced in Chitwan are consumed in Chitwan, Kathmandu, Pokhara and Butwal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A farmer Abindra Subedi said they were compelled to launch the agitation by throwing vegetables on road after the state turned a deaf ear towards their demands. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The farmers threw five tractors full of vegetables on the road in Pulchowk. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-04', 'modified' => '2023-02-04', 'keywords' => '', 'description' => '', 'sortorder' => '16664', 'image' => '20230204122525_NA-CHITWAN - Copy.jpg', 'article_date' => '2023-02-04 00:24:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, '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' => '16941', 'article_category_id' => '1', 'title' => 'NAC Will Launch Its Flight From GBIA Soon: Aviation Minister Kirati ', 'sub_title' => '', 'summary' => 'Minister for Culture, Tourism and Civil Aviation, Sudan Kirati, said the Nepal Airlines Corporation (NAC) would launch its flight from Gautam Buddha International Airport (GBIA).', 'content' => '<p><br /> <span style="font-size:18px">February 6: Minister for Culture, Tourism and Civil Aviation, Sudan Kirati, said the Nepal Airlines Corporation (NAC) would launch its flight from Gautam Buddha International Airport (GBIA).</span></p> <p><span style="font-size:18px">Following his inspection of the airport on Sunday, the Minister Kirati pledged to take initiations to begin flights to and from the airport at the earliest.</span></p> <p><span style="font-size:18px">Talking to mediapersons at the airport, the Minister said he would inquire possible reason(s) why the national flag carrier was yet to reach the airport for its services. Kirati assured that NAC would launch its services targeting the airport soon. “I will do everything possible to bring other airlines to the GBIA as well,” added Kirati.</span></p> <p><span style="font-size:18px">The minister informed that efforts were also made for the operation of Colombo-Bhairahawa-Colombo flight during the foreign minister Bimala Rai Paudyal’s Sri Lanka visit. Kirati said that the government would address diplomatic and technical issues for the operation of the airport and provide all necessary support towards that end.</span></p> <p><span style="font-size:18px">Jazeera Airway and Himalaya Airlines which were providing regular flights to and from the airport suspended services in December, 2022 citing adverse atmospheric conditions.</span></p> ', 'published' => true, 'created' => '2023-02-06', 'modified' => '2023-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '16680', 'image' => '20230206062818_collage - 2023-02-05T191537.487.jpg', 'article_date' => '2023-02-06 06:18:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '16940', 'article_category_id' => '1', 'title' => 'Price of Gold Falls by Rs 2,000 per Tola on Sunday', 'sub_title' => '', 'summary' => 'February 5: The price of gold plummeted by Rs 2,000 per tola (11.66 grams) in the domestic market on Sunday compared to the previous trading-day rate. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 5: The price of gold plummeted by Rs 2,000 per tola (11.66 grams) in the domestic market on Sunday compared to the previous trading-day rate. According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of fine gold has been fixed at Rs 104,100 per tola and standard gold is being traded it Rs 103,600 per tola. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">On Friday, fine gold was traded at Rs 106,100 per tola and standard gold’s price was Rs 105,600. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The domestic market for gold and silver remains closed on Saturday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the price of silver on Sunday went down by Rs 45 per tola and was traded at Rs 1,320 per tola. The federation fixes the prices of gold and silver in the domestic market on a daily basis based the price in the international market. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16679', 'image' => '20230205100630_20230205091743_gold.jpg', 'article_date' => '2023-02-05 22:05:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16938', 'article_category_id' => '1', 'title' => 'Pakistan's Former President Pervez Musharraf Passes Away ', 'sub_title' => '', 'summary' => 'February 5: Former Pakistan President and chief of Army Staff Pervez Musharraf passed away on Sunday at American Hospital in UAE's Dubai after a prolonged illness, reported Daily Pakistan. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 5: Former Pakistan President and chief of Army Staff Pervez Musharraf passed away on Sunday at American Hospital in UAE's Dubai after a prolonged illness, reported Daily Pakistan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Local media reports quoting his family members said that the former four-star general succumbed to 'Amyloidosis'. Musharraf was hospitalised for a couple of weeks due to a complication of his ailment, as per reports. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Musharraf had been living in Dubai since 2016 for treatment. As per local media reports, Musharraf had expressed his desire to spend the "rest of his life" in his home country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Express Tribune newspaper reported that the former president wanted to return to Pakistan as soon as possible. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Musharraf was Pakistan's army chief during the Kargil war between India and Pakistan. The conflict the two countries is believed to have been orchestrated by Musharraf without the knowledge of the then Pakistan Prime Minister, Nawaz Sharif. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Musharraf was the tenth president of Pakistan after a successful military coup in 1999. He served as the 10th Chairman Joint Chiefs of Staff Committee of Pakistan (CJCSC) from 1998 to 2001 and the 7th top general from 1998 to 2007. -- ANI/RSS</span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16677', 'image' => '20230205090927_EOKbbuUUcAACHy4.jpg', 'article_date' => '2023-02-05 21:06:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16937', 'article_category_id' => '1', 'title' => 'Rastriya Swatantra Party to Quit Government ', 'sub_title' => '', 'summary' => 'The Rastriya Swatantra Party has decided to quit the government. ', 'content' => '<p><br /> <span style="font-size:18px">February 5: The Rastriya Swatantra Party has decided to quit the government. A joint meeting of central committee members and lawmakers of the party held on Sunday decided to call back its ministers and state minister from the government, said Party Chairperson Rabi Lamichhane in a press meet after the meeting. </span></p> <p><span style="font-size:18px">The meeting, however, decided not to withdraw its support provided to the incumbent government. The party has Dol Prasda Aryal as Minister for Labour, Employment and Social Security, Sishir Khanal as Minister for Education, Science and Technology and Toshima Karki as State Minister of Health and Population Minister in the incumbent cabinet. </span><br /> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16676', 'image' => '20230205091036_PRW-Kathmandu-6F8A7150 (1).JPG', 'article_date' => '2023-02-05 17:23:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '16936', 'article_category_id' => '1', 'title' => 'NTC Has to Expand Its Reach to Rural Areas, Says Minister Rekha Sharma ', 'sub_title' => '', 'summary' => 'Minister for Communications and Information Technology Rekha Sharma asked Nepal Telecommunications (NTC) to expand the reach of telecommunications service to the rural and remote areas.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif""> February 5: Minister for Communications and Information Technology Rekha Sharma asked Nepal Telecommunications (NTC) to expand the reach of telecommunications service to the rural and remote areas. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Speaking on the occasion of Nepal Telecommunications Company Limited(Nepal Telecom)’s 19th anniversary, Minister Sharma noted that the NTC has been in the campaign to support government's policy for skill and knowledge intensive educational development through the access and use of internet-based innovative information technology and thereby alleviating poverty. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Minister Sharma expressed her confidence that the NTC would further devote its efforts to create opportunities for the service recipients to get reliable and quality service in a more competitive environment by cashing in on the innovative technology and achievements of IT sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The NTC held a special function at its central office complex in Bhadrakali Plaza to celebrate its 19th annual general assembly on Sunday. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Telecom Spokesperson Shovan Adhikari shared the Company has been delivering mobile telephone, GSM, GPRS, 3G and 4G services to its customers. Also, it has been providing dedicated line and mobile telephone service, broadband and dedicated line internet service and internet SMS services, added Adhikari. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Likewise, Secretary at the ministry of Communications and information Baikuntha Aryal extended best wishes to the NTC for its capability to deliver further quality, reliable and accessible service to the customers. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Managing Director of the NTC Sunil Poudel expressed his commitment to put all-out efforts to make the Company a first choice of customers by utilizing the existing high-tech infrastructures, network and resources, including human capital.</span></span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16675', 'image' => '20230205044758_collage - 2023-02-05T164922.365.jpg', 'article_date' => '2023-02-05 16:41:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '16934', 'article_category_id' => '1', 'title' => 'Government’s Dilly Dallying Results in Failure to Meet Paddy Purchase Target', 'sub_title' => '', 'summary' => 'February 5: Due to the government’s delay in approval for the Food Management and Trading Company (FMTC) Limited to purchase paddy, the state-owned company has not been able to meet the target of paddy purchase from farmers.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 5: Due to the government’s delay in approval for the Food Management and Trading Company (FMTC) Limited to purchase paddy, the state-owned company has not been able to meet the target of paddy purchase from farmers. On the other hand, the farmers could not benefit from the support price fixed by the government due to the delay. The Mahendranagar office of FMTC, which aimed to purchase 14,000 quintals of paddy, has purchased only 2,950 quintals so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Tapendra Upadhyaya, acting head of the company's Mahendranagar office said that the company failed to purchase paddy as per the target as the number of farmers coming to sell rice has dropped significantly. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The company purchased only 2950 quintals of paddy as of last Thursday. A total of 190,000 metric tons of paddy was produced in 48,469 469 hectares of land in Kanchanpur this year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Upadhyaya said, “Only small numbers of farmers are coming in to sell paddy. By now, 10,000 quintals of paddy should have been purchased, but many farmers have already sold their produce to the traders before we started purchasing.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">FMTC estimated that up to 3500 quintals of rice will be purchased this year. The company started purchasing from December 16 through Mahendranagar depot in Kanchanpur. Last year too, paddy could not be purchased as per the target. Although the target was to purchase 6,000 quintals of paddy last year, only 1,161 quintals were purchased.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Even the Dhangadhi office of FMTC has not been able to purchase paddy as per the target. According to the head of the company's Dhangadhi office, Angela Basnet, they have set a target of purchasing 40,000 quintals of paddy this year, but only 30,000 quintals have been purchased. She said that the target has not been achieved due to the delay in purchase of paddy. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In Kailali, paddy was purchased from Tikapur, Satti, Joshipur, Asnari and Mohanpur centers of Dhangadhi office of FMTC from January 12. According to the data of Agriculture Knowledge Center Kailali, 326,000 metric tons of paddy has been produced this year in an area of 69,448 hectares in the district.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Khagendra Sharma, head of Agriculture Knowledge Center Kailali, said that the farmers have to suffer when the government does not fix the support price on time. Due to late price determination, farmers do not get the expected benefits and the rice procurement target taken by the company also becomes challenging.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He suggested that the government should set the quota and adjust the price by allocating the budget by mid-August/mid-September. In addition, he said that FMTC should set up purchase depots in all areas where more rice is produced. The government increased the support price of coarse paddy by Rs 215 per quintal compared to last year to fix the price at Rs 2967 and fine paddy at Rs 3128 this year. However, it was already too late as most of the farmers had already sold their produce.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16673', 'image' => '20230205033820_640px-Rice_Plants_(IRRI).jpg', 'article_date' => '2023-02-05 15:37:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16933', 'article_category_id' => '1', 'title' => 'Business of Life Insurance Companies Improves Marginally', 'sub_title' => '', 'summary' => 'February 5: There has been a slight improvement in the business of life insurance companies in the second quarter of the current fiscal year (FY).', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 5: There has been a slight improvement in the business of life insurance companies in the second quarter of the current fiscal year (FY). The business of insurance companies has been affected by the lack of liquidity in the financial sector, lack of economic activities and high inflation.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data published by Nepal Insurance Authority, life insurance companies have collected Rs 71.65 billion in insurance fees till mid-January of the current fiscal year. Compared to the same period of the previous year, this figure is only 1.04 percent more. By mid-January of the previous year, all life insurance companies collectively raised Rs 70.91 billion in insurance fees.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In between mid-December to mid-January last year, 11 million insurance policies were active, but this year the number of active insurance policies has reached 14.1 million. According to the authority's data, Nepal Life Insurance Company is the one that earned the most insurance fees till mid-January at Rs18.63 billion. Suryajyoti Life Insurance, a merger between Surya and Jyoti Life Insurance, collected the lowest insurance premium of Rs 594.2 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The insurance companies collected Rs 12.13 billion insurance fee by mid-January of the current year. According to the authority, 1,144,000 insurance policies were sold during this period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In mid-December to mid-January, life insurance companies collected Rs 13.50 billion insurance fee from the sales and renewal of 1.01 million insurance policies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Rajuraman Paudel, executive director and spokesperson of the authority said that there has been some improvement in the insurance business, which slumped with the decline in economic activities. He estimated that the insurance business will expand in the coming days.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Meanwhile, the business expansion of life insurance companies is seen to be weak compared to that of non-life insurance companies. The business of non-life insurance companies increased by 11.79 percent by mid-January of the current year compared to mid-January of last year. Compared to mid-December of the current year, the non-life insurance business increased by 56.65 percent, as per the information of the authority.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16672', 'image' => '20230205025328_Insurance.jpg', 'article_date' => '2023-02-05 14:52:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16932', 'article_category_id' => '1', 'title' => 'CNI Urges Government to make Tourism Industry more Competitive by Reducing Airfare', 'sub_title' => '', 'summary' => 'February 5: The Confederation of Nepalese Industries (CNI) has urged Minister of Culture, Tourism and Civil Aviation Sudan Kirati to make Nepal's tourism industry competitive by reducing air fares.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">February 5: The Confederation of Nepalese Industries (CNI) has urged Minister of Culture, Tourism and Civil Aviation Sudan Kirati to make Nepal's tourism industry competitive by reducing airfares. During a felicitation program held at the ministry, the CNI suggested the minister measures to be taken to promote Nepal's tourism, the policy reforms needed immediately and in the long-term, including the initiative to remove Nepali airline companies from the blacklist of the European Union.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Raj Bahadur Shah, vice president of CNI, said that the confederation given high priority to the tourism sector and has formed a committee to look after this issue. He said that even though Nepal is an excellent tourist destination, relatively few foreign tourists are visiting the country because the airfare in Nepal is very expensive. He drew the attention of Minister Kirati to take necessary steps to reduce the air fare, to make the national flag carrier Nepal Airlines Corporation competitive and to remove Nepal from the blacklist maintained by the European Union.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Birendra Raj Pandey, vice president of CNI, said that the confederation is working with the government to expand the economy. He said that the federation is ready to cooperate with the government to advance the tourism industry.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Pampha Dhamala, chairperson of the Tourism Committee of the CNI, urged the tourism minister to give this sector the same facilities as other industries. She said that Nepal's promotion campaign should be conducted in an effective and visible manner at international destinations.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">CNI has also drawn the attention of the ministry about the lack of air routes and challenges for the successful operation of Pokhara International Airport and Gautam Buddha International Airport. The CNI also requested the government to take necessary steps to remove the limit of cash that Indian tourists can bring to Nepal, to develop and promote Nepal as a filming destination, and to facilitate the arrangements for bringing and taking away jewelry for weddings as Nepal can be an excellent destination for weddings. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">During the meeting, Minister Kirati welcomed the suggestions made by the CNI regarding the policy reforms. He said that the initiative has already been started regarding the removal of Nepal from EU’s blacklist </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16671', 'image' => '20230205022306_Untitled.jpg', 'article_date' => '2023-02-05 14:21:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16931', 'article_category_id' => '1', 'title' => 'Cases of Banking Offence on the Rise ', 'sub_title' => '', 'summary' => 'February 5: Bhuwan Bahadur Majhi, 43, who had been on a fugitive list for half a year following the conviction of banking offense by the court, was arrested three days ago. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 5: Bhuwan Bahadur Majhi, 43, who had been on a fugitive list for half a year following the conviction of banking offense by the court, was arrested three days ago. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Patan High Court had found him guilty in the case of banking fraud with a lawsuit amount of Rs 12 million. The Kathmandu Valley Crime Investigation Office had detained him from Shantinagar, Kathmandu Metropolis-31. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bhim Bahadur Tamang, 47, another guilty in a banking offense case, was recently arrested by the police and presented before the court. The claim amount in Tamang’s case is Rs 960,000. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Majhi and Tamang are just two representative cases of people who were on the run after being declared guilty on the banking fraud cases and finally caught by the police. The District Police Range, Kathmandu has a long list of fugitives in banking fraud cases and those accused of the charges. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Superintendent of Police Dinesh Raj Mainali who was lately transferred from the range, total 1,741 complaints of banking offences were registered in the police range during the fiscal year 2020-21 and the number jumped to 2,715 the following year. In the first six months of the current fiscal year, the figure has already reached 2,999. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The assessment of SP Mainali is that the risk of falling prey to banking fraudsters is on the rise with people’s increasing access to banking services. He echoed the need of making people well-informed about the Banking Offence and Punishment Act, 2064 BS (2008) with its effective enforcement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The users of online banking are on the rise. The use of multiple digital payment facilities, such as connectIPS, mobile banking and other means of digital payment has increased of late. The COVID-19 pandemic played a significant role to intensify the use of digital spheres, including digital banking in Nepal too. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The official data about the cases of banking offence suggest that though the use of digital banking system has saved our time and has been convenient to us, the risk of users falling prey to possible fraudsters has gone up. The cases of stealing money from other’s account by hacking the password have surged. In lack of sufficient knowledge of proper use of the online banking system, the risk of transferring money to unknown/unintended account also prevails. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In accordance with the Act, if the lawsuit amount is up to Rs 1 million, the offender shall face imprisonment of up to one year. If the lawsuit amount is above Rs 1 million and up to Rs 5 million, the law has provision for imprisonment of one to two years. Similarly, if the lawsuit amount is above Rs 5 million and up to Rs 10 million, there is a provision of imprisonment of two to three years for the banking offense. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the law, if the lawsuit amount is above Rs 10 million it mandates imprisonment from three to five years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Act has the provision of punishment to the persons creating hindrance in regard with dealing the case of banking offence. The adjudicating officer may punish him/her with an imprisonment of up to six months or a fine up to Rs 500,000 or both based on the report of the officer involved in investigation and inquiry. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Kathmandu Valley Crime Investigation Office’s Superintendent of Police Krishna Prasad Koirala said the cases of check bounce are also on the rise. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16670', 'image' => '20230205123706_banking-offence -800.jpg', 'article_date' => '2023-02-05 12:36:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16930', 'article_category_id' => '1', 'title' => 'CAAN Enforces New Aviation Safety Rules, Reduces Duty Hours of Pilots ', 'sub_title' => '', 'summary' => 'February 5: The Civil Aviation Authority of Nepal (CAAN) has come up with a six-point reforms to enhance aviation safety. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 5: The Civil Aviation Authority of Nepal (CAAN) has come up with a six-point reforms to enhance aviation safety. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CAAN Spokesperson Jagannath Niraula shared that a decision was made to enforce new rules so as to make the aviation service more safe, reliable, dignified and disciplined. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further said that CAAN took the initiative to improve professional responsibility and accountability of air service providers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The spokesperson further noted that the six-point decision would be strictly implemented as a commitment to make the aviation safety further effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the new measures, CAAN has reduced pilots’ duty time by one hour. Likewise, the existing arrangement of allowing a pilot to fly 10 hours and make 10 landings a day has been reduced to eight hours and eight times. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In case of pilots flying planes to short runways, the existing duty has been reduced to seven from eight hours a day. Likewise, in case of the pilots operating flights in long runways, the nine-hour duty limit has been slashed to eight hours. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the CAAN, all aircraft excluding helicopters should compulsorily keep at least 500-feet above the surface during short take-off and landing (STOL) and at least 1000 feet above the ground in accessible areas while approaching under the visual flight rule (VFR). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">From upcoming summer schedule for 2023, all aircraft apart from STOL aircraft (Twin Otter 410 and Dornier) operating flights in the control aerodrome are allowed to make instrument flight rule service. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, CAAN has enforced a mandatory rule of proficiency check skill test from concerned aircraft manufacturing company or the recommended agency before the main pilot carries out proficiency check test of another pilot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the existing arrangement of extended flight hour operation by keeping more than two crew members has been put off until another arrangement. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16669', 'image' => '20230205105753_Airport.width-1024.jpg', 'article_date' => '2023-02-05 10:57:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16929', 'article_category_id' => '1', 'title' => 'NRB’s First Governor Himalaya SJB Rana Passes Away', 'sub_title' => '', 'summary' => 'February 5: Himalaya Shumsher Rana, one of the pioneer bankers of the country and the first governor of Nepal Rastra Bank (NRB), passed away on Sunday morning. He was 96.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">February 5: Himalaya Shumsher Rana, the first governor of Nepal Rastra Bank (NRB), passed away on Sunday morning. He was 96.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to family sources, he died early on Sunday while undergoing treatment at Thapathali-based Norvic International Hospital. He was undergoing dialysis at the hospital but it was pneumonia that claimed his life, said one of his family members refering to the doctors.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">People close to him recall Rana as a soft-spoken gentleman who was highly regarded for his well behavior as well as professional integrity.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rana, the great grandson of the then Prime Minister Dev Shunsher Rana, held the position of the governor of Nepal Rastra Bank from April 26, 1956 to February 7, 1961, according to the official website of NRB.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">He is also the founding chairman of Himalayan Bank. Rana is credited for modernizing the financial institutions of Nepal in capacity of the central bank’s governor and also the finance secretary of the country.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rana, who was also a noted business leader, was recently conferred with the “Lifetime Achievement in Business Leadership Award 2022” during the Seventh NewBiz Business Conclave and Awards on December 12.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to the jury of the awards ceremony, Rana was felicitated with the lifetime achievement business award for his outstanding contribution to the field of business and entrepreneurship in Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rana, who was active in work even at the age of 96, is considered as a source of inspiration to the entire business community for the zeal he showed by initiating business ventures in different fields at his old age.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif""> “He commands the respect of the country's entire private sector as well as of the professionals and general people for his pioneering, innovating and visional roles in a number of fields such as central banking, private sector commercial banking, insurance and manufacturing,” reads the award citation. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rana is survived by two sons – Ashoke SJB Rana and Amar SJB Rana – and two daughters – Pratima Pandey and Sangeeta Thapa.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16668', 'image' => '20230205101502_himalaya.jpg', 'article_date' => '2023-02-05 09:53:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16928', 'article_category_id' => '1', 'title' => 'BPW Laghubitta Bittiya Sanstha Opens IPO Offer for Migrant Workers', 'sub_title' => '', 'summary' => 'BPW Laghubitta Bittiya Sanstha is issuing its Initial Public Offering (IPO) to the Nepali citizens working in foreign countries from Sunday.', 'content' => '<p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">February 5: BPW Laghubitta Bittiya Sanstha is issuing its Initial Public Offering (IPO) to the Nepali citizens working in foreign countries from Sunday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As per the latest provisions made by the Securities Board of Nepal(SEBON), out of the total shares to be floated to the general public, ten per cent has to be allocated to the Nepali citizens employed in foreign countries. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Shares can be floated to the general public only after allotment is done to the migrant workers. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Laghubitta Bittiya Santsha is floating 97,000 units of shares worth Rs 97,00,000 , which is 32.33 per cent of the total issued capital of Rs 3 million. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Of the 97,000 kittas of shares, 9,700 units of shares worth Rs 9,70,000 have been issued for migrant workers.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">A total of 1500 units of shares have been reserved for employees of the company while 4,850 units of shares have been separated for mutual funds. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Remaining 80,950 units of shares will be issued to the general public in the second phase.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Interested individuals can apply for a minimum of 10 units of shares while the maximum quantity of shares they can apply is 1,000 at a par value of Rs 100 per share. The offer will end on February 20. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Mega Capital Markets Limited is issue and sales manager of the laghubitta bittiya sanstha. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Investors can apply for the IPO from issue manager and all C-ASBA member banks and financial institutions approved by Securities Board of Nepal (SEBON). Investors can also apply for the IPO through Mero Share. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16667', 'image' => '20230205061201_collage (8) (3).jpg', 'article_date' => '2023-02-05 06:06:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '16927', 'article_category_id' => '1', 'title' => 'Nawalparasi Farmers Make Good Income from Mushroom Farming ', 'sub_title' => '', 'summary' => 'February 4: Farmers in Nawalparasi East have found their calling in mushroom farming. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 4: Farmers in Nawalparasi East have found their calling in mushroom farming. They are able to make good income from it. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Karna Lal Shrestha, a 61-year-old farmer, has been running an agro farm in Gaidakot Municipality-5 for two years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Started with an investment of Rs 6.5 million on six katthas of land, the business has been generating at least Rs 100,000 in income per month for him. He has built three huts for the farming. The land and other spaces are taken in lease. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"I have been selling at least 20,000 kilograms of mushroom annually. I earned a minimum of Rs 100,000 per month in profit- excluding expenditures," he shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">His age has not deterred him from the business. "Age is just a number. What you need is willpower and courage," he says. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A large amount of money was spent on building physical infrastructures for the business. The huts are used as rooms to store hay required for the farming, he said. Shrestha switched to the farming, finding it profitable after spending his 30 years' time with his father on another business. The farming is suitable during both winter and summer, and its market is also excellent, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shrestha is further encouraged when the municipality provided him an autoclave machine to steam hay at a subsidized rate of 50 percent. An autoclave machine costs Rs 1 million. "Mushroom farming is profitable than other farming. Mushroom grows and is ready for harvest in a span of 30 days. It provides good income," he explained. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Anita Neupane is also running the 'Anita Mushroom Farm' at Gaidakot-1. In the beginning, she faced hard times. But, with experiences over time, she has known the tricks of the trade, and is making adequate profit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Her spouse joined her in the farming after he returned home from foreign job when COVID-19 struck the world. "I started the business after my husband returned from a job in Qatar during COVID-19. He has been very supportive. In the beginning, I suffered a loss. But, gradually I have made proceeds. Hard work is a must," she shared. The farming grows well during winter, according to Neupane. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">She has been drawing between Rs 200,000 and Rs 300,000 annually in core income during winter. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shivashakti Farmers' Group at Gaidakot-4 run by a group of 50 female farmers is another example of success in mushroom farming. The group started the farming four years ago with an investment of Rs 300,000. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Their engagement in the farming has spread the message of unity in agriculture, said the group's Chairperson Sangita Pandit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Their continuous hard work has paid off well, she said, adding that the profit from the farming is used to run the group. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Even the local level turned supportive to the mushroom farmers by providing them subsidies, and launching various programmes targeting the business. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The municipality provided farmers with subsidies and concessional loans, and launched various programmes targeting the farming, said Surakshya Paudel, deputy technical assistant for the agriculture section in the municipality. So far, three mushroom farms have been registered at the municipality. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-02-04', 'modified' => '2023-02-04', 'keywords' => '', 'description' => '', 'sortorder' => '16666', 'image' => '20230204123455_oyster-mushroom-cultivation.jpg', 'article_date' => '2023-02-04 00:34:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16926', 'article_category_id' => '1', 'title' => 'Upcoming Budget to Bring Measures to Check Budgetary Virements: FM Poudel ', 'sub_title' => '', 'summary' => 'February 4: Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel said the government is preparing to bring the annual fiscal policy and programmes in a way to completely check the tradition of budgetary virements from the upcoming fiscal year. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 4: Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel said the government is preparing to bring the annual fiscal policy and programmes in a way to completely check the tradition of budgetary virements from the upcoming fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a discussion with the government office chiefs of Rupandehi district in Bhairahawa on Friday evening, he said, "We are formulating a policy to stop wrong practices of preparing budget in a whim than based on rationale and transferring budgets in between. Next year, we would introduce programmes in a way there is no space for budget transfer." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Not only the federal, provincial and local governments but also the government offices have been practicing budget transfer and introducing new initiatives/activities in the mid of the fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He argued that the new policy measures would be devised to check the prevailing tradition of formulating incoherent plans and executing them in a weak manner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The finance minister also urged the government offices only to focus spending on most essential activities as the government has come up with strict austerity plan. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Revenue mobilization capacity has reduced by 15 to 20 percent in the first six months of the current fiscal year compared to last year. Therefore, there is no option to cut off spending and adopt austerity," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also said the foreign aid money pledged by the development partners was also lower than expected which he argued has resulted in troubles in completing the planned projects and programmes based on donor funding. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"The international donor community asks us to spend the already-disbursed money first. But, we do not pay our attention to that end. How can we receive assistance when the conditions agreed are not met?" he questioned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a different note, the deputy prime minister said the problems surfaced in the operation of the Gautam Buddha International Airport would be resolved soon. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-02-04', 'modified' => '2023-02-04', 'keywords' => '', 'description' => '', 'sortorder' => '16665', 'image' => '20230204123338_Budget.jpg', 'article_date' => '2023-02-04 00:32:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16925', 'article_category_id' => '1', 'title' => 'Dissenting Farmers Throw Agro Produce on the Road ', 'sub_title' => '', 'summary' => 'February 4: Farmers of Chitwan district have expressed their dissent by throwing green vegetables on the road, reportedly for not getting appropriate price for their agro produce. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 4: Farmers of Chitwan district have expressed their dissent by throwing green vegetables on the road, reportedly for not getting appropriate price for their agro produce. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Saying the price of vegetables produced in the country has decreased due to cheap imported vegetables, the farmers launched the demonstration by throwing vegetables on the road. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Farmers’ Struggle Committee launched the demonstration at Pulchowk of Narayangadh and threw vegetables—tomato, pumpkin, carrot, cauliflower and cabbage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Coordinator of the struggle committee, Lekhnath Bhusal, said vegetables produced locally did not get appropriate market price due to the import of cheap vegetables from neighbouring India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Commercial vegetable farming is being carried out in 1,500 hectares of land in the district. Saying Indian vegetables has led to decrease in the price of vegetables produced inside the country, Bhusal mentioned that their request with the federal, provincial and local-level governments to stop the import of vegetables from India was not addressed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The district produces around 300 metric tonnes of vegetables daily. The vegetables produced in Chitwan are consumed in Chitwan, Kathmandu, Pokhara and Butwal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A farmer Abindra Subedi said they were compelled to launch the agitation by throwing vegetables on road after the state turned a deaf ear towards their demands. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The farmers threw five tractors full of vegetables on the road in Pulchowk. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-04', 'modified' => '2023-02-04', 'keywords' => '', 'description' => '', 'sortorder' => '16664', 'image' => '20230204122525_NA-CHITWAN - Copy.jpg', 'article_date' => '2023-02-04 00:24:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, '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' => '16941', 'article_category_id' => '1', 'title' => 'NAC Will Launch Its Flight From GBIA Soon: Aviation Minister Kirati ', 'sub_title' => '', 'summary' => 'Minister for Culture, Tourism and Civil Aviation, Sudan Kirati, said the Nepal Airlines Corporation (NAC) would launch its flight from Gautam Buddha International Airport (GBIA).', 'content' => '<p><br /> <span style="font-size:18px">February 6: Minister for Culture, Tourism and Civil Aviation, Sudan Kirati, said the Nepal Airlines Corporation (NAC) would launch its flight from Gautam Buddha International Airport (GBIA).</span></p> <p><span style="font-size:18px">Following his inspection of the airport on Sunday, the Minister Kirati pledged to take initiations to begin flights to and from the airport at the earliest.</span></p> <p><span style="font-size:18px">Talking to mediapersons at the airport, the Minister said he would inquire possible reason(s) why the national flag carrier was yet to reach the airport for its services. Kirati assured that NAC would launch its services targeting the airport soon. “I will do everything possible to bring other airlines to the GBIA as well,” added Kirati.</span></p> <p><span style="font-size:18px">The minister informed that efforts were also made for the operation of Colombo-Bhairahawa-Colombo flight during the foreign minister Bimala Rai Paudyal’s Sri Lanka visit. Kirati said that the government would address diplomatic and technical issues for the operation of the airport and provide all necessary support towards that end.</span></p> <p><span style="font-size:18px">Jazeera Airway and Himalaya Airlines which were providing regular flights to and from the airport suspended services in December, 2022 citing adverse atmospheric conditions.</span></p> ', 'published' => true, 'created' => '2023-02-06', 'modified' => '2023-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '16680', 'image' => '20230206062818_collage - 2023-02-05T191537.487.jpg', 'article_date' => '2023-02-06 06:18:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '16940', 'article_category_id' => '1', 'title' => 'Price of Gold Falls by Rs 2,000 per Tola on Sunday', 'sub_title' => '', 'summary' => 'February 5: The price of gold plummeted by Rs 2,000 per tola (11.66 grams) in the domestic market on Sunday compared to the previous trading-day rate. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 5: The price of gold plummeted by Rs 2,000 per tola (11.66 grams) in the domestic market on Sunday compared to the previous trading-day rate. According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of fine gold has been fixed at Rs 104,100 per tola and standard gold is being traded it Rs 103,600 per tola. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">On Friday, fine gold was traded at Rs 106,100 per tola and standard gold’s price was Rs 105,600. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The domestic market for gold and silver remains closed on Saturday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the price of silver on Sunday went down by Rs 45 per tola and was traded at Rs 1,320 per tola. The federation fixes the prices of gold and silver in the domestic market on a daily basis based the price in the international market. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16679', 'image' => '20230205100630_20230205091743_gold.jpg', 'article_date' => '2023-02-05 22:05:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16938', 'article_category_id' => '1', 'title' => 'Pakistan's Former President Pervez Musharraf Passes Away ', 'sub_title' => '', 'summary' => 'February 5: Former Pakistan President and chief of Army Staff Pervez Musharraf passed away on Sunday at American Hospital in UAE's Dubai after a prolonged illness, reported Daily Pakistan. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 5: Former Pakistan President and chief of Army Staff Pervez Musharraf passed away on Sunday at American Hospital in UAE's Dubai after a prolonged illness, reported Daily Pakistan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Local media reports quoting his family members said that the former four-star general succumbed to 'Amyloidosis'. Musharraf was hospitalised for a couple of weeks due to a complication of his ailment, as per reports. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Musharraf had been living in Dubai since 2016 for treatment. As per local media reports, Musharraf had expressed his desire to spend the "rest of his life" in his home country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Express Tribune newspaper reported that the former president wanted to return to Pakistan as soon as possible. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Musharraf was Pakistan's army chief during the Kargil war between India and Pakistan. The conflict the two countries is believed to have been orchestrated by Musharraf without the knowledge of the then Pakistan Prime Minister, Nawaz Sharif. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Musharraf was the tenth president of Pakistan after a successful military coup in 1999. He served as the 10th Chairman Joint Chiefs of Staff Committee of Pakistan (CJCSC) from 1998 to 2001 and the 7th top general from 1998 to 2007. -- ANI/RSS</span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16677', 'image' => '20230205090927_EOKbbuUUcAACHy4.jpg', 'article_date' => '2023-02-05 21:06:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16937', 'article_category_id' => '1', 'title' => 'Rastriya Swatantra Party to Quit Government ', 'sub_title' => '', 'summary' => 'The Rastriya Swatantra Party has decided to quit the government. ', 'content' => '<p><br /> <span style="font-size:18px">February 5: The Rastriya Swatantra Party has decided to quit the government. A joint meeting of central committee members and lawmakers of the party held on Sunday decided to call back its ministers and state minister from the government, said Party Chairperson Rabi Lamichhane in a press meet after the meeting. </span></p> <p><span style="font-size:18px">The meeting, however, decided not to withdraw its support provided to the incumbent government. The party has Dol Prasda Aryal as Minister for Labour, Employment and Social Security, Sishir Khanal as Minister for Education, Science and Technology and Toshima Karki as State Minister of Health and Population Minister in the incumbent cabinet. </span><br /> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16676', 'image' => '20230205091036_PRW-Kathmandu-6F8A7150 (1).JPG', 'article_date' => '2023-02-05 17:23:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '16936', 'article_category_id' => '1', 'title' => 'NTC Has to Expand Its Reach to Rural Areas, Says Minister Rekha Sharma ', 'sub_title' => '', 'summary' => 'Minister for Communications and Information Technology Rekha Sharma asked Nepal Telecommunications (NTC) to expand the reach of telecommunications service to the rural and remote areas.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif""> February 5: Minister for Communications and Information Technology Rekha Sharma asked Nepal Telecommunications (NTC) to expand the reach of telecommunications service to the rural and remote areas. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Speaking on the occasion of Nepal Telecommunications Company Limited(Nepal Telecom)’s 19th anniversary, Minister Sharma noted that the NTC has been in the campaign to support government's policy for skill and knowledge intensive educational development through the access and use of internet-based innovative information technology and thereby alleviating poverty. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Minister Sharma expressed her confidence that the NTC would further devote its efforts to create opportunities for the service recipients to get reliable and quality service in a more competitive environment by cashing in on the innovative technology and achievements of IT sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The NTC held a special function at its central office complex in Bhadrakali Plaza to celebrate its 19th annual general assembly on Sunday. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Telecom Spokesperson Shovan Adhikari shared the Company has been delivering mobile telephone, GSM, GPRS, 3G and 4G services to its customers. Also, it has been providing dedicated line and mobile telephone service, broadband and dedicated line internet service and internet SMS services, added Adhikari. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Likewise, Secretary at the ministry of Communications and information Baikuntha Aryal extended best wishes to the NTC for its capability to deliver further quality, reliable and accessible service to the customers. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Managing Director of the NTC Sunil Poudel expressed his commitment to put all-out efforts to make the Company a first choice of customers by utilizing the existing high-tech infrastructures, network and resources, including human capital.</span></span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16675', 'image' => '20230205044758_collage - 2023-02-05T164922.365.jpg', 'article_date' => '2023-02-05 16:41:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '16934', 'article_category_id' => '1', 'title' => 'Government’s Dilly Dallying Results in Failure to Meet Paddy Purchase Target', 'sub_title' => '', 'summary' => 'February 5: Due to the government’s delay in approval for the Food Management and Trading Company (FMTC) Limited to purchase paddy, the state-owned company has not been able to meet the target of paddy purchase from farmers.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 5: Due to the government’s delay in approval for the Food Management and Trading Company (FMTC) Limited to purchase paddy, the state-owned company has not been able to meet the target of paddy purchase from farmers. On the other hand, the farmers could not benefit from the support price fixed by the government due to the delay. The Mahendranagar office of FMTC, which aimed to purchase 14,000 quintals of paddy, has purchased only 2,950 quintals so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Tapendra Upadhyaya, acting head of the company's Mahendranagar office said that the company failed to purchase paddy as per the target as the number of farmers coming to sell rice has dropped significantly. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The company purchased only 2950 quintals of paddy as of last Thursday. A total of 190,000 metric tons of paddy was produced in 48,469 469 hectares of land in Kanchanpur this year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Upadhyaya said, “Only small numbers of farmers are coming in to sell paddy. By now, 10,000 quintals of paddy should have been purchased, but many farmers have already sold their produce to the traders before we started purchasing.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">FMTC estimated that up to 3500 quintals of rice will be purchased this year. The company started purchasing from December 16 through Mahendranagar depot in Kanchanpur. Last year too, paddy could not be purchased as per the target. Although the target was to purchase 6,000 quintals of paddy last year, only 1,161 quintals were purchased.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Even the Dhangadhi office of FMTC has not been able to purchase paddy as per the target. According to the head of the company's Dhangadhi office, Angela Basnet, they have set a target of purchasing 40,000 quintals of paddy this year, but only 30,000 quintals have been purchased. She said that the target has not been achieved due to the delay in purchase of paddy. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In Kailali, paddy was purchased from Tikapur, Satti, Joshipur, Asnari and Mohanpur centers of Dhangadhi office of FMTC from January 12. According to the data of Agriculture Knowledge Center Kailali, 326,000 metric tons of paddy has been produced this year in an area of 69,448 hectares in the district.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Khagendra Sharma, head of Agriculture Knowledge Center Kailali, said that the farmers have to suffer when the government does not fix the support price on time. Due to late price determination, farmers do not get the expected benefits and the rice procurement target taken by the company also becomes challenging.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He suggested that the government should set the quota and adjust the price by allocating the budget by mid-August/mid-September. In addition, he said that FMTC should set up purchase depots in all areas where more rice is produced. The government increased the support price of coarse paddy by Rs 215 per quintal compared to last year to fix the price at Rs 2967 and fine paddy at Rs 3128 this year. However, it was already too late as most of the farmers had already sold their produce.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16673', 'image' => '20230205033820_640px-Rice_Plants_(IRRI).jpg', 'article_date' => '2023-02-05 15:37:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16933', 'article_category_id' => '1', 'title' => 'Business of Life Insurance Companies Improves Marginally', 'sub_title' => '', 'summary' => 'February 5: There has been a slight improvement in the business of life insurance companies in the second quarter of the current fiscal year (FY).', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 5: There has been a slight improvement in the business of life insurance companies in the second quarter of the current fiscal year (FY). The business of insurance companies has been affected by the lack of liquidity in the financial sector, lack of economic activities and high inflation.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data published by Nepal Insurance Authority, life insurance companies have collected Rs 71.65 billion in insurance fees till mid-January of the current fiscal year. Compared to the same period of the previous year, this figure is only 1.04 percent more. By mid-January of the previous year, all life insurance companies collectively raised Rs 70.91 billion in insurance fees.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In between mid-December to mid-January last year, 11 million insurance policies were active, but this year the number of active insurance policies has reached 14.1 million. According to the authority's data, Nepal Life Insurance Company is the one that earned the most insurance fees till mid-January at Rs18.63 billion. Suryajyoti Life Insurance, a merger between Surya and Jyoti Life Insurance, collected the lowest insurance premium of Rs 594.2 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The insurance companies collected Rs 12.13 billion insurance fee by mid-January of the current year. According to the authority, 1,144,000 insurance policies were sold during this period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In mid-December to mid-January, life insurance companies collected Rs 13.50 billion insurance fee from the sales and renewal of 1.01 million insurance policies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Rajuraman Paudel, executive director and spokesperson of the authority said that there has been some improvement in the insurance business, which slumped with the decline in economic activities. He estimated that the insurance business will expand in the coming days.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Meanwhile, the business expansion of life insurance companies is seen to be weak compared to that of non-life insurance companies. The business of non-life insurance companies increased by 11.79 percent by mid-January of the current year compared to mid-January of last year. Compared to mid-December of the current year, the non-life insurance business increased by 56.65 percent, as per the information of the authority.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16672', 'image' => '20230205025328_Insurance.jpg', 'article_date' => '2023-02-05 14:52:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16932', 'article_category_id' => '1', 'title' => 'CNI Urges Government to make Tourism Industry more Competitive by Reducing Airfare', 'sub_title' => '', 'summary' => 'February 5: The Confederation of Nepalese Industries (CNI) has urged Minister of Culture, Tourism and Civil Aviation Sudan Kirati to make Nepal's tourism industry competitive by reducing air fares.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">February 5: The Confederation of Nepalese Industries (CNI) has urged Minister of Culture, Tourism and Civil Aviation Sudan Kirati to make Nepal's tourism industry competitive by reducing airfares. During a felicitation program held at the ministry, the CNI suggested the minister measures to be taken to promote Nepal's tourism, the policy reforms needed immediately and in the long-term, including the initiative to remove Nepali airline companies from the blacklist of the European Union.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Raj Bahadur Shah, vice president of CNI, said that the confederation given high priority to the tourism sector and has formed a committee to look after this issue. He said that even though Nepal is an excellent tourist destination, relatively few foreign tourists are visiting the country because the airfare in Nepal is very expensive. He drew the attention of Minister Kirati to take necessary steps to reduce the air fare, to make the national flag carrier Nepal Airlines Corporation competitive and to remove Nepal from the blacklist maintained by the European Union.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Birendra Raj Pandey, vice president of CNI, said that the confederation is working with the government to expand the economy. He said that the federation is ready to cooperate with the government to advance the tourism industry.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Pampha Dhamala, chairperson of the Tourism Committee of the CNI, urged the tourism minister to give this sector the same facilities as other industries. She said that Nepal's promotion campaign should be conducted in an effective and visible manner at international destinations.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">CNI has also drawn the attention of the ministry about the lack of air routes and challenges for the successful operation of Pokhara International Airport and Gautam Buddha International Airport. The CNI also requested the government to take necessary steps to remove the limit of cash that Indian tourists can bring to Nepal, to develop and promote Nepal as a filming destination, and to facilitate the arrangements for bringing and taking away jewelry for weddings as Nepal can be an excellent destination for weddings. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">During the meeting, Minister Kirati welcomed the suggestions made by the CNI regarding the policy reforms. He said that the initiative has already been started regarding the removal of Nepal from EU’s blacklist </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16671', 'image' => '20230205022306_Untitled.jpg', 'article_date' => '2023-02-05 14:21:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16931', 'article_category_id' => '1', 'title' => 'Cases of Banking Offence on the Rise ', 'sub_title' => '', 'summary' => 'February 5: Bhuwan Bahadur Majhi, 43, who had been on a fugitive list for half a year following the conviction of banking offense by the court, was arrested three days ago. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 5: Bhuwan Bahadur Majhi, 43, who had been on a fugitive list for half a year following the conviction of banking offense by the court, was arrested three days ago. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Patan High Court had found him guilty in the case of banking fraud with a lawsuit amount of Rs 12 million. The Kathmandu Valley Crime Investigation Office had detained him from Shantinagar, Kathmandu Metropolis-31. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bhim Bahadur Tamang, 47, another guilty in a banking offense case, was recently arrested by the police and presented before the court. The claim amount in Tamang’s case is Rs 960,000. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Majhi and Tamang are just two representative cases of people who were on the run after being declared guilty on the banking fraud cases and finally caught by the police. The District Police Range, Kathmandu has a long list of fugitives in banking fraud cases and those accused of the charges. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Superintendent of Police Dinesh Raj Mainali who was lately transferred from the range, total 1,741 complaints of banking offences were registered in the police range during the fiscal year 2020-21 and the number jumped to 2,715 the following year. In the first six months of the current fiscal year, the figure has already reached 2,999. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The assessment of SP Mainali is that the risk of falling prey to banking fraudsters is on the rise with people’s increasing access to banking services. He echoed the need of making people well-informed about the Banking Offence and Punishment Act, 2064 BS (2008) with its effective enforcement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The users of online banking are on the rise. The use of multiple digital payment facilities, such as connectIPS, mobile banking and other means of digital payment has increased of late. The COVID-19 pandemic played a significant role to intensify the use of digital spheres, including digital banking in Nepal too. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The official data about the cases of banking offence suggest that though the use of digital banking system has saved our time and has been convenient to us, the risk of users falling prey to possible fraudsters has gone up. The cases of stealing money from other’s account by hacking the password have surged. In lack of sufficient knowledge of proper use of the online banking system, the risk of transferring money to unknown/unintended account also prevails. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In accordance with the Act, if the lawsuit amount is up to Rs 1 million, the offender shall face imprisonment of up to one year. If the lawsuit amount is above Rs 1 million and up to Rs 5 million, the law has provision for imprisonment of one to two years. Similarly, if the lawsuit amount is above Rs 5 million and up to Rs 10 million, there is a provision of imprisonment of two to three years for the banking offense. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the law, if the lawsuit amount is above Rs 10 million it mandates imprisonment from three to five years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Act has the provision of punishment to the persons creating hindrance in regard with dealing the case of banking offence. The adjudicating officer may punish him/her with an imprisonment of up to six months or a fine up to Rs 500,000 or both based on the report of the officer involved in investigation and inquiry. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Kathmandu Valley Crime Investigation Office’s Superintendent of Police Krishna Prasad Koirala said the cases of check bounce are also on the rise. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16670', 'image' => '20230205123706_banking-offence -800.jpg', 'article_date' => '2023-02-05 12:36:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16930', 'article_category_id' => '1', 'title' => 'CAAN Enforces New Aviation Safety Rules, Reduces Duty Hours of Pilots ', 'sub_title' => '', 'summary' => 'February 5: The Civil Aviation Authority of Nepal (CAAN) has come up with a six-point reforms to enhance aviation safety. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 5: The Civil Aviation Authority of Nepal (CAAN) has come up with a six-point reforms to enhance aviation safety. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CAAN Spokesperson Jagannath Niraula shared that a decision was made to enforce new rules so as to make the aviation service more safe, reliable, dignified and disciplined. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further said that CAAN took the initiative to improve professional responsibility and accountability of air service providers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The spokesperson further noted that the six-point decision would be strictly implemented as a commitment to make the aviation safety further effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the new measures, CAAN has reduced pilots’ duty time by one hour. Likewise, the existing arrangement of allowing a pilot to fly 10 hours and make 10 landings a day has been reduced to eight hours and eight times. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In case of pilots flying planes to short runways, the existing duty has been reduced to seven from eight hours a day. Likewise, in case of the pilots operating flights in long runways, the nine-hour duty limit has been slashed to eight hours. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the CAAN, all aircraft excluding helicopters should compulsorily keep at least 500-feet above the surface during short take-off and landing (STOL) and at least 1000 feet above the ground in accessible areas while approaching under the visual flight rule (VFR). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">From upcoming summer schedule for 2023, all aircraft apart from STOL aircraft (Twin Otter 410 and Dornier) operating flights in the control aerodrome are allowed to make instrument flight rule service. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, CAAN has enforced a mandatory rule of proficiency check skill test from concerned aircraft manufacturing company or the recommended agency before the main pilot carries out proficiency check test of another pilot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the existing arrangement of extended flight hour operation by keeping more than two crew members has been put off until another arrangement. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16669', 'image' => '20230205105753_Airport.width-1024.jpg', 'article_date' => '2023-02-05 10:57:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16929', 'article_category_id' => '1', 'title' => 'NRB’s First Governor Himalaya SJB Rana Passes Away', 'sub_title' => '', 'summary' => 'February 5: Himalaya Shumsher Rana, one of the pioneer bankers of the country and the first governor of Nepal Rastra Bank (NRB), passed away on Sunday morning. He was 96.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">February 5: Himalaya Shumsher Rana, the first governor of Nepal Rastra Bank (NRB), passed away on Sunday morning. He was 96.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to family sources, he died early on Sunday while undergoing treatment at Thapathali-based Norvic International Hospital. He was undergoing dialysis at the hospital but it was pneumonia that claimed his life, said one of his family members refering to the doctors.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">People close to him recall Rana as a soft-spoken gentleman who was highly regarded for his well behavior as well as professional integrity.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rana, the great grandson of the then Prime Minister Dev Shunsher Rana, held the position of the governor of Nepal Rastra Bank from April 26, 1956 to February 7, 1961, according to the official website of NRB.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">He is also the founding chairman of Himalayan Bank. Rana is credited for modernizing the financial institutions of Nepal in capacity of the central bank’s governor and also the finance secretary of the country.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rana, who was also a noted business leader, was recently conferred with the “Lifetime Achievement in Business Leadership Award 2022” during the Seventh NewBiz Business Conclave and Awards on December 12.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to the jury of the awards ceremony, Rana was felicitated with the lifetime achievement business award for his outstanding contribution to the field of business and entrepreneurship in Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rana, who was active in work even at the age of 96, is considered as a source of inspiration to the entire business community for the zeal he showed by initiating business ventures in different fields at his old age.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif""> “He commands the respect of the country's entire private sector as well as of the professionals and general people for his pioneering, innovating and visional roles in a number of fields such as central banking, private sector commercial banking, insurance and manufacturing,” reads the award citation. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rana is survived by two sons – Ashoke SJB Rana and Amar SJB Rana – and two daughters – Pratima Pandey and Sangeeta Thapa.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16668', 'image' => '20230205101502_himalaya.jpg', 'article_date' => '2023-02-05 09:53:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16928', 'article_category_id' => '1', 'title' => 'BPW Laghubitta Bittiya Sanstha Opens IPO Offer for Migrant Workers', 'sub_title' => '', 'summary' => 'BPW Laghubitta Bittiya Sanstha is issuing its Initial Public Offering (IPO) to the Nepali citizens working in foreign countries from Sunday.', 'content' => '<p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">February 5: BPW Laghubitta Bittiya Sanstha is issuing its Initial Public Offering (IPO) to the Nepali citizens working in foreign countries from Sunday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As per the latest provisions made by the Securities Board of Nepal(SEBON), out of the total shares to be floated to the general public, ten per cent has to be allocated to the Nepali citizens employed in foreign countries. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Shares can be floated to the general public only after allotment is done to the migrant workers. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Laghubitta Bittiya Santsha is floating 97,000 units of shares worth Rs 97,00,000 , which is 32.33 per cent of the total issued capital of Rs 3 million. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Of the 97,000 kittas of shares, 9,700 units of shares worth Rs 9,70,000 have been issued for migrant workers.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">A total of 1500 units of shares have been reserved for employees of the company while 4,850 units of shares have been separated for mutual funds. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Remaining 80,950 units of shares will be issued to the general public in the second phase.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Interested individuals can apply for a minimum of 10 units of shares while the maximum quantity of shares they can apply is 1,000 at a par value of Rs 100 per share. The offer will end on February 20. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Mega Capital Markets Limited is issue and sales manager of the laghubitta bittiya sanstha. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Investors can apply for the IPO from issue manager and all C-ASBA member banks and financial institutions approved by Securities Board of Nepal (SEBON). Investors can also apply for the IPO through Mero Share. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16667', 'image' => '20230205061201_collage (8) (3).jpg', 'article_date' => '2023-02-05 06:06:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '16927', 'article_category_id' => '1', 'title' => 'Nawalparasi Farmers Make Good Income from Mushroom Farming ', 'sub_title' => '', 'summary' => 'February 4: Farmers in Nawalparasi East have found their calling in mushroom farming. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 4: Farmers in Nawalparasi East have found their calling in mushroom farming. They are able to make good income from it. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Karna Lal Shrestha, a 61-year-old farmer, has been running an agro farm in Gaidakot Municipality-5 for two years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Started with an investment of Rs 6.5 million on six katthas of land, the business has been generating at least Rs 100,000 in income per month for him. He has built three huts for the farming. The land and other spaces are taken in lease. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"I have been selling at least 20,000 kilograms of mushroom annually. I earned a minimum of Rs 100,000 per month in profit- excluding expenditures," he shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">His age has not deterred him from the business. "Age is just a number. What you need is willpower and courage," he says. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A large amount of money was spent on building physical infrastructures for the business. The huts are used as rooms to store hay required for the farming, he said. Shrestha switched to the farming, finding it profitable after spending his 30 years' time with his father on another business. The farming is suitable during both winter and summer, and its market is also excellent, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shrestha is further encouraged when the municipality provided him an autoclave machine to steam hay at a subsidized rate of 50 percent. An autoclave machine costs Rs 1 million. "Mushroom farming is profitable than other farming. Mushroom grows and is ready for harvest in a span of 30 days. It provides good income," he explained. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Anita Neupane is also running the 'Anita Mushroom Farm' at Gaidakot-1. In the beginning, she faced hard times. But, with experiences over time, she has known the tricks of the trade, and is making adequate profit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Her spouse joined her in the farming after he returned home from foreign job when COVID-19 struck the world. "I started the business after my husband returned from a job in Qatar during COVID-19. He has been very supportive. In the beginning, I suffered a loss. But, gradually I have made proceeds. Hard work is a must," she shared. The farming grows well during winter, according to Neupane. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">She has been drawing between Rs 200,000 and Rs 300,000 annually in core income during winter. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shivashakti Farmers' Group at Gaidakot-4 run by a group of 50 female farmers is another example of success in mushroom farming. The group started the farming four years ago with an investment of Rs 300,000. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Their engagement in the farming has spread the message of unity in agriculture, said the group's Chairperson Sangita Pandit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Their continuous hard work has paid off well, she said, adding that the profit from the farming is used to run the group. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Even the local level turned supportive to the mushroom farmers by providing them subsidies, and launching various programmes targeting the business. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The municipality provided farmers with subsidies and concessional loans, and launched various programmes targeting the farming, said Surakshya Paudel, deputy technical assistant for the agriculture section in the municipality. So far, three mushroom farms have been registered at the municipality. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-02-04', 'modified' => '2023-02-04', 'keywords' => '', 'description' => '', 'sortorder' => '16666', 'image' => '20230204123455_oyster-mushroom-cultivation.jpg', 'article_date' => '2023-02-04 00:34:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16926', 'article_category_id' => '1', 'title' => 'Upcoming Budget to Bring Measures to Check Budgetary Virements: FM Poudel ', 'sub_title' => '', 'summary' => 'February 4: Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel said the government is preparing to bring the annual fiscal policy and programmes in a way to completely check the tradition of budgetary virements from the upcoming fiscal year. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 4: Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel said the government is preparing to bring the annual fiscal policy and programmes in a way to completely check the tradition of budgetary virements from the upcoming fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a discussion with the government office chiefs of Rupandehi district in Bhairahawa on Friday evening, he said, "We are formulating a policy to stop wrong practices of preparing budget in a whim than based on rationale and transferring budgets in between. Next year, we would introduce programmes in a way there is no space for budget transfer." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Not only the federal, provincial and local governments but also the government offices have been practicing budget transfer and introducing new initiatives/activities in the mid of the fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He argued that the new policy measures would be devised to check the prevailing tradition of formulating incoherent plans and executing them in a weak manner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The finance minister also urged the government offices only to focus spending on most essential activities as the government has come up with strict austerity plan. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Revenue mobilization capacity has reduced by 15 to 20 percent in the first six months of the current fiscal year compared to last year. Therefore, there is no option to cut off spending and adopt austerity," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also said the foreign aid money pledged by the development partners was also lower than expected which he argued has resulted in troubles in completing the planned projects and programmes based on donor funding. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"The international donor community asks us to spend the already-disbursed money first. But, we do not pay our attention to that end. How can we receive assistance when the conditions agreed are not met?" he questioned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a different note, the deputy prime minister said the problems surfaced in the operation of the Gautam Buddha International Airport would be resolved soon. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-02-04', 'modified' => '2023-02-04', 'keywords' => '', 'description' => '', 'sortorder' => '16665', 'image' => '20230204123338_Budget.jpg', 'article_date' => '2023-02-04 00:32:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16925', 'article_category_id' => '1', 'title' => 'Dissenting Farmers Throw Agro Produce on the Road ', 'sub_title' => '', 'summary' => 'February 4: Farmers of Chitwan district have expressed their dissent by throwing green vegetables on the road, reportedly for not getting appropriate price for their agro produce. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 4: Farmers of Chitwan district have expressed their dissent by throwing green vegetables on the road, reportedly for not getting appropriate price for their agro produce. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Saying the price of vegetables produced in the country has decreased due to cheap imported vegetables, the farmers launched the demonstration by throwing vegetables on the road. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Farmers’ Struggle Committee launched the demonstration at Pulchowk of Narayangadh and threw vegetables—tomato, pumpkin, carrot, cauliflower and cabbage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Coordinator of the struggle committee, Lekhnath Bhusal, said vegetables produced locally did not get appropriate market price due to the import of cheap vegetables from neighbouring India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Commercial vegetable farming is being carried out in 1,500 hectares of land in the district. Saying Indian vegetables has led to decrease in the price of vegetables produced inside the country, Bhusal mentioned that their request with the federal, provincial and local-level governments to stop the import of vegetables from India was not addressed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The district produces around 300 metric tonnes of vegetables daily. The vegetables produced in Chitwan are consumed in Chitwan, Kathmandu, Pokhara and Butwal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A farmer Abindra Subedi said they were compelled to launch the agitation by throwing vegetables on road after the state turned a deaf ear towards their demands. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The farmers threw five tractors full of vegetables on the road in Pulchowk. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-04', 'modified' => '2023-02-04', 'keywords' => '', 'description' => '', 'sortorder' => '16664', 'image' => '20230204122525_NA-CHITWAN - Copy.jpg', 'article_date' => '2023-02-04 00:24:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, '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' => '16941', 'article_category_id' => '1', 'title' => 'NAC Will Launch Its Flight From GBIA Soon: Aviation Minister Kirati ', 'sub_title' => '', 'summary' => 'Minister for Culture, Tourism and Civil Aviation, Sudan Kirati, said the Nepal Airlines Corporation (NAC) would launch its flight from Gautam Buddha International Airport (GBIA).', 'content' => '<p><br /> <span style="font-size:18px">February 6: Minister for Culture, Tourism and Civil Aviation, Sudan Kirati, said the Nepal Airlines Corporation (NAC) would launch its flight from Gautam Buddha International Airport (GBIA).</span></p> <p><span style="font-size:18px">Following his inspection of the airport on Sunday, the Minister Kirati pledged to take initiations to begin flights to and from the airport at the earliest.</span></p> <p><span style="font-size:18px">Talking to mediapersons at the airport, the Minister said he would inquire possible reason(s) why the national flag carrier was yet to reach the airport for its services. Kirati assured that NAC would launch its services targeting the airport soon. “I will do everything possible to bring other airlines to the GBIA as well,” added Kirati.</span></p> <p><span style="font-size:18px">The minister informed that efforts were also made for the operation of Colombo-Bhairahawa-Colombo flight during the foreign minister Bimala Rai Paudyal’s Sri Lanka visit. Kirati said that the government would address diplomatic and technical issues for the operation of the airport and provide all necessary support towards that end.</span></p> <p><span style="font-size:18px">Jazeera Airway and Himalaya Airlines which were providing regular flights to and from the airport suspended services in December, 2022 citing adverse atmospheric conditions.</span></p> ', 'published' => true, 'created' => '2023-02-06', 'modified' => '2023-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '16680', 'image' => '20230206062818_collage - 2023-02-05T191537.487.jpg', 'article_date' => '2023-02-06 06:18:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '16940', 'article_category_id' => '1', 'title' => 'Price of Gold Falls by Rs 2,000 per Tola on Sunday', 'sub_title' => '', 'summary' => 'February 5: The price of gold plummeted by Rs 2,000 per tola (11.66 grams) in the domestic market on Sunday compared to the previous trading-day rate. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 5: The price of gold plummeted by Rs 2,000 per tola (11.66 grams) in the domestic market on Sunday compared to the previous trading-day rate. According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of fine gold has been fixed at Rs 104,100 per tola and standard gold is being traded it Rs 103,600 per tola. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">On Friday, fine gold was traded at Rs 106,100 per tola and standard gold’s price was Rs 105,600. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The domestic market for gold and silver remains closed on Saturday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the price of silver on Sunday went down by Rs 45 per tola and was traded at Rs 1,320 per tola. The federation fixes the prices of gold and silver in the domestic market on a daily basis based the price in the international market. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16679', 'image' => '20230205100630_20230205091743_gold.jpg', 'article_date' => '2023-02-05 22:05:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16938', 'article_category_id' => '1', 'title' => 'Pakistan's Former President Pervez Musharraf Passes Away ', 'sub_title' => '', 'summary' => 'February 5: Former Pakistan President and chief of Army Staff Pervez Musharraf passed away on Sunday at American Hospital in UAE's Dubai after a prolonged illness, reported Daily Pakistan. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 5: Former Pakistan President and chief of Army Staff Pervez Musharraf passed away on Sunday at American Hospital in UAE's Dubai after a prolonged illness, reported Daily Pakistan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Local media reports quoting his family members said that the former four-star general succumbed to 'Amyloidosis'. Musharraf was hospitalised for a couple of weeks due to a complication of his ailment, as per reports. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Musharraf had been living in Dubai since 2016 for treatment. As per local media reports, Musharraf had expressed his desire to spend the "rest of his life" in his home country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Express Tribune newspaper reported that the former president wanted to return to Pakistan as soon as possible. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Musharraf was Pakistan's army chief during the Kargil war between India and Pakistan. The conflict the two countries is believed to have been orchestrated by Musharraf without the knowledge of the then Pakistan Prime Minister, Nawaz Sharif. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Musharraf was the tenth president of Pakistan after a successful military coup in 1999. He served as the 10th Chairman Joint Chiefs of Staff Committee of Pakistan (CJCSC) from 1998 to 2001 and the 7th top general from 1998 to 2007. -- ANI/RSS</span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16677', 'image' => '20230205090927_EOKbbuUUcAACHy4.jpg', 'article_date' => '2023-02-05 21:06:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16937', 'article_category_id' => '1', 'title' => 'Rastriya Swatantra Party to Quit Government ', 'sub_title' => '', 'summary' => 'The Rastriya Swatantra Party has decided to quit the government. ', 'content' => '<p><br /> <span style="font-size:18px">February 5: The Rastriya Swatantra Party has decided to quit the government. A joint meeting of central committee members and lawmakers of the party held on Sunday decided to call back its ministers and state minister from the government, said Party Chairperson Rabi Lamichhane in a press meet after the meeting. </span></p> <p><span style="font-size:18px">The meeting, however, decided not to withdraw its support provided to the incumbent government. The party has Dol Prasda Aryal as Minister for Labour, Employment and Social Security, Sishir Khanal as Minister for Education, Science and Technology and Toshima Karki as State Minister of Health and Population Minister in the incumbent cabinet. </span><br /> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16676', 'image' => '20230205091036_PRW-Kathmandu-6F8A7150 (1).JPG', 'article_date' => '2023-02-05 17:23:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '16936', 'article_category_id' => '1', 'title' => 'NTC Has to Expand Its Reach to Rural Areas, Says Minister Rekha Sharma ', 'sub_title' => '', 'summary' => 'Minister for Communications and Information Technology Rekha Sharma asked Nepal Telecommunications (NTC) to expand the reach of telecommunications service to the rural and remote areas.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif""> February 5: Minister for Communications and Information Technology Rekha Sharma asked Nepal Telecommunications (NTC) to expand the reach of telecommunications service to the rural and remote areas. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Speaking on the occasion of Nepal Telecommunications Company Limited(Nepal Telecom)’s 19th anniversary, Minister Sharma noted that the NTC has been in the campaign to support government's policy for skill and knowledge intensive educational development through the access and use of internet-based innovative information technology and thereby alleviating poverty. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Minister Sharma expressed her confidence that the NTC would further devote its efforts to create opportunities for the service recipients to get reliable and quality service in a more competitive environment by cashing in on the innovative technology and achievements of IT sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The NTC held a special function at its central office complex in Bhadrakali Plaza to celebrate its 19th annual general assembly on Sunday. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Telecom Spokesperson Shovan Adhikari shared the Company has been delivering mobile telephone, GSM, GPRS, 3G and 4G services to its customers. Also, it has been providing dedicated line and mobile telephone service, broadband and dedicated line internet service and internet SMS services, added Adhikari. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Likewise, Secretary at the ministry of Communications and information Baikuntha Aryal extended best wishes to the NTC for its capability to deliver further quality, reliable and accessible service to the customers. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Managing Director of the NTC Sunil Poudel expressed his commitment to put all-out efforts to make the Company a first choice of customers by utilizing the existing high-tech infrastructures, network and resources, including human capital.</span></span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16675', 'image' => '20230205044758_collage - 2023-02-05T164922.365.jpg', 'article_date' => '2023-02-05 16:41:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '16934', 'article_category_id' => '1', 'title' => 'Government’s Dilly Dallying Results in Failure to Meet Paddy Purchase Target', 'sub_title' => '', 'summary' => 'February 5: Due to the government’s delay in approval for the Food Management and Trading Company (FMTC) Limited to purchase paddy, the state-owned company has not been able to meet the target of paddy purchase from farmers.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 5: Due to the government’s delay in approval for the Food Management and Trading Company (FMTC) Limited to purchase paddy, the state-owned company has not been able to meet the target of paddy purchase from farmers. On the other hand, the farmers could not benefit from the support price fixed by the government due to the delay. The Mahendranagar office of FMTC, which aimed to purchase 14,000 quintals of paddy, has purchased only 2,950 quintals so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Tapendra Upadhyaya, acting head of the company's Mahendranagar office said that the company failed to purchase paddy as per the target as the number of farmers coming to sell rice has dropped significantly. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The company purchased only 2950 quintals of paddy as of last Thursday. A total of 190,000 metric tons of paddy was produced in 48,469 469 hectares of land in Kanchanpur this year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Upadhyaya said, “Only small numbers of farmers are coming in to sell paddy. By now, 10,000 quintals of paddy should have been purchased, but many farmers have already sold their produce to the traders before we started purchasing.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">FMTC estimated that up to 3500 quintals of rice will be purchased this year. The company started purchasing from December 16 through Mahendranagar depot in Kanchanpur. Last year too, paddy could not be purchased as per the target. Although the target was to purchase 6,000 quintals of paddy last year, only 1,161 quintals were purchased.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Even the Dhangadhi office of FMTC has not been able to purchase paddy as per the target. According to the head of the company's Dhangadhi office, Angela Basnet, they have set a target of purchasing 40,000 quintals of paddy this year, but only 30,000 quintals have been purchased. She said that the target has not been achieved due to the delay in purchase of paddy. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In Kailali, paddy was purchased from Tikapur, Satti, Joshipur, Asnari and Mohanpur centers of Dhangadhi office of FMTC from January 12. According to the data of Agriculture Knowledge Center Kailali, 326,000 metric tons of paddy has been produced this year in an area of 69,448 hectares in the district.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Khagendra Sharma, head of Agriculture Knowledge Center Kailali, said that the farmers have to suffer when the government does not fix the support price on time. Due to late price determination, farmers do not get the expected benefits and the rice procurement target taken by the company also becomes challenging.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He suggested that the government should set the quota and adjust the price by allocating the budget by mid-August/mid-September. In addition, he said that FMTC should set up purchase depots in all areas where more rice is produced. The government increased the support price of coarse paddy by Rs 215 per quintal compared to last year to fix the price at Rs 2967 and fine paddy at Rs 3128 this year. However, it was already too late as most of the farmers had already sold their produce.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16673', 'image' => '20230205033820_640px-Rice_Plants_(IRRI).jpg', 'article_date' => '2023-02-05 15:37:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16933', 'article_category_id' => '1', 'title' => 'Business of Life Insurance Companies Improves Marginally', 'sub_title' => '', 'summary' => 'February 5: There has been a slight improvement in the business of life insurance companies in the second quarter of the current fiscal year (FY).', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 5: There has been a slight improvement in the business of life insurance companies in the second quarter of the current fiscal year (FY). The business of insurance companies has been affected by the lack of liquidity in the financial sector, lack of economic activities and high inflation.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data published by Nepal Insurance Authority, life insurance companies have collected Rs 71.65 billion in insurance fees till mid-January of the current fiscal year. Compared to the same period of the previous year, this figure is only 1.04 percent more. By mid-January of the previous year, all life insurance companies collectively raised Rs 70.91 billion in insurance fees.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In between mid-December to mid-January last year, 11 million insurance policies were active, but this year the number of active insurance policies has reached 14.1 million. According to the authority's data, Nepal Life Insurance Company is the one that earned the most insurance fees till mid-January at Rs18.63 billion. Suryajyoti Life Insurance, a merger between Surya and Jyoti Life Insurance, collected the lowest insurance premium of Rs 594.2 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The insurance companies collected Rs 12.13 billion insurance fee by mid-January of the current year. According to the authority, 1,144,000 insurance policies were sold during this period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In mid-December to mid-January, life insurance companies collected Rs 13.50 billion insurance fee from the sales and renewal of 1.01 million insurance policies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Rajuraman Paudel, executive director and spokesperson of the authority said that there has been some improvement in the insurance business, which slumped with the decline in economic activities. He estimated that the insurance business will expand in the coming days.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Meanwhile, the business expansion of life insurance companies is seen to be weak compared to that of non-life insurance companies. The business of non-life insurance companies increased by 11.79 percent by mid-January of the current year compared to mid-January of last year. Compared to mid-December of the current year, the non-life insurance business increased by 56.65 percent, as per the information of the authority.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16672', 'image' => '20230205025328_Insurance.jpg', 'article_date' => '2023-02-05 14:52:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16932', 'article_category_id' => '1', 'title' => 'CNI Urges Government to make Tourism Industry more Competitive by Reducing Airfare', 'sub_title' => '', 'summary' => 'February 5: The Confederation of Nepalese Industries (CNI) has urged Minister of Culture, Tourism and Civil Aviation Sudan Kirati to make Nepal's tourism industry competitive by reducing air fares.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">February 5: The Confederation of Nepalese Industries (CNI) has urged Minister of Culture, Tourism and Civil Aviation Sudan Kirati to make Nepal's tourism industry competitive by reducing airfares. During a felicitation program held at the ministry, the CNI suggested the minister measures to be taken to promote Nepal's tourism, the policy reforms needed immediately and in the long-term, including the initiative to remove Nepali airline companies from the blacklist of the European Union.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Raj Bahadur Shah, vice president of CNI, said that the confederation given high priority to the tourism sector and has formed a committee to look after this issue. He said that even though Nepal is an excellent tourist destination, relatively few foreign tourists are visiting the country because the airfare in Nepal is very expensive. He drew the attention of Minister Kirati to take necessary steps to reduce the air fare, to make the national flag carrier Nepal Airlines Corporation competitive and to remove Nepal from the blacklist maintained by the European Union.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Birendra Raj Pandey, vice president of CNI, said that the confederation is working with the government to expand the economy. He said that the federation is ready to cooperate with the government to advance the tourism industry.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Pampha Dhamala, chairperson of the Tourism Committee of the CNI, urged the tourism minister to give this sector the same facilities as other industries. She said that Nepal's promotion campaign should be conducted in an effective and visible manner at international destinations.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">CNI has also drawn the attention of the ministry about the lack of air routes and challenges for the successful operation of Pokhara International Airport and Gautam Buddha International Airport. The CNI also requested the government to take necessary steps to remove the limit of cash that Indian tourists can bring to Nepal, to develop and promote Nepal as a filming destination, and to facilitate the arrangements for bringing and taking away jewelry for weddings as Nepal can be an excellent destination for weddings. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">During the meeting, Minister Kirati welcomed the suggestions made by the CNI regarding the policy reforms. He said that the initiative has already been started regarding the removal of Nepal from EU’s blacklist </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16671', 'image' => '20230205022306_Untitled.jpg', 'article_date' => '2023-02-05 14:21:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16931', 'article_category_id' => '1', 'title' => 'Cases of Banking Offence on the Rise ', 'sub_title' => '', 'summary' => 'February 5: Bhuwan Bahadur Majhi, 43, who had been on a fugitive list for half a year following the conviction of banking offense by the court, was arrested three days ago. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 5: Bhuwan Bahadur Majhi, 43, who had been on a fugitive list for half a year following the conviction of banking offense by the court, was arrested three days ago. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Patan High Court had found him guilty in the case of banking fraud with a lawsuit amount of Rs 12 million. The Kathmandu Valley Crime Investigation Office had detained him from Shantinagar, Kathmandu Metropolis-31. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bhim Bahadur Tamang, 47, another guilty in a banking offense case, was recently arrested by the police and presented before the court. The claim amount in Tamang’s case is Rs 960,000. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Majhi and Tamang are just two representative cases of people who were on the run after being declared guilty on the banking fraud cases and finally caught by the police. The District Police Range, Kathmandu has a long list of fugitives in banking fraud cases and those accused of the charges. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Superintendent of Police Dinesh Raj Mainali who was lately transferred from the range, total 1,741 complaints of banking offences were registered in the police range during the fiscal year 2020-21 and the number jumped to 2,715 the following year. In the first six months of the current fiscal year, the figure has already reached 2,999. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The assessment of SP Mainali is that the risk of falling prey to banking fraudsters is on the rise with people’s increasing access to banking services. He echoed the need of making people well-informed about the Banking Offence and Punishment Act, 2064 BS (2008) with its effective enforcement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The users of online banking are on the rise. The use of multiple digital payment facilities, such as connectIPS, mobile banking and other means of digital payment has increased of late. The COVID-19 pandemic played a significant role to intensify the use of digital spheres, including digital banking in Nepal too. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The official data about the cases of banking offence suggest that though the use of digital banking system has saved our time and has been convenient to us, the risk of users falling prey to possible fraudsters has gone up. The cases of stealing money from other’s account by hacking the password have surged. In lack of sufficient knowledge of proper use of the online banking system, the risk of transferring money to unknown/unintended account also prevails. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In accordance with the Act, if the lawsuit amount is up to Rs 1 million, the offender shall face imprisonment of up to one year. If the lawsuit amount is above Rs 1 million and up to Rs 5 million, the law has provision for imprisonment of one to two years. Similarly, if the lawsuit amount is above Rs 5 million and up to Rs 10 million, there is a provision of imprisonment of two to three years for the banking offense. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the law, if the lawsuit amount is above Rs 10 million it mandates imprisonment from three to five years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Act has the provision of punishment to the persons creating hindrance in regard with dealing the case of banking offence. The adjudicating officer may punish him/her with an imprisonment of up to six months or a fine up to Rs 500,000 or both based on the report of the officer involved in investigation and inquiry. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Kathmandu Valley Crime Investigation Office’s Superintendent of Police Krishna Prasad Koirala said the cases of check bounce are also on the rise. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16670', 'image' => '20230205123706_banking-offence -800.jpg', 'article_date' => '2023-02-05 12:36:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16930', 'article_category_id' => '1', 'title' => 'CAAN Enforces New Aviation Safety Rules, Reduces Duty Hours of Pilots ', 'sub_title' => '', 'summary' => 'February 5: The Civil Aviation Authority of Nepal (CAAN) has come up with a six-point reforms to enhance aviation safety. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 5: The Civil Aviation Authority of Nepal (CAAN) has come up with a six-point reforms to enhance aviation safety. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CAAN Spokesperson Jagannath Niraula shared that a decision was made to enforce new rules so as to make the aviation service more safe, reliable, dignified and disciplined. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further said that CAAN took the initiative to improve professional responsibility and accountability of air service providers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The spokesperson further noted that the six-point decision would be strictly implemented as a commitment to make the aviation safety further effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the new measures, CAAN has reduced pilots’ duty time by one hour. Likewise, the existing arrangement of allowing a pilot to fly 10 hours and make 10 landings a day has been reduced to eight hours and eight times. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In case of pilots flying planes to short runways, the existing duty has been reduced to seven from eight hours a day. Likewise, in case of the pilots operating flights in long runways, the nine-hour duty limit has been slashed to eight hours. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the CAAN, all aircraft excluding helicopters should compulsorily keep at least 500-feet above the surface during short take-off and landing (STOL) and at least 1000 feet above the ground in accessible areas while approaching under the visual flight rule (VFR). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">From upcoming summer schedule for 2023, all aircraft apart from STOL aircraft (Twin Otter 410 and Dornier) operating flights in the control aerodrome are allowed to make instrument flight rule service. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, CAAN has enforced a mandatory rule of proficiency check skill test from concerned aircraft manufacturing company or the recommended agency before the main pilot carries out proficiency check test of another pilot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the existing arrangement of extended flight hour operation by keeping more than two crew members has been put off until another arrangement. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16669', 'image' => '20230205105753_Airport.width-1024.jpg', 'article_date' => '2023-02-05 10:57:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16929', 'article_category_id' => '1', 'title' => 'NRB’s First Governor Himalaya SJB Rana Passes Away', 'sub_title' => '', 'summary' => 'February 5: Himalaya Shumsher Rana, one of the pioneer bankers of the country and the first governor of Nepal Rastra Bank (NRB), passed away on Sunday morning. He was 96.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">February 5: Himalaya Shumsher Rana, the first governor of Nepal Rastra Bank (NRB), passed away on Sunday morning. He was 96.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to family sources, he died early on Sunday while undergoing treatment at Thapathali-based Norvic International Hospital. He was undergoing dialysis at the hospital but it was pneumonia that claimed his life, said one of his family members refering to the doctors.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">People close to him recall Rana as a soft-spoken gentleman who was highly regarded for his well behavior as well as professional integrity.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rana, the great grandson of the then Prime Minister Dev Shunsher Rana, held the position of the governor of Nepal Rastra Bank from April 26, 1956 to February 7, 1961, according to the official website of NRB.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">He is also the founding chairman of Himalayan Bank. Rana is credited for modernizing the financial institutions of Nepal in capacity of the central bank’s governor and also the finance secretary of the country.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rana, who was also a noted business leader, was recently conferred with the “Lifetime Achievement in Business Leadership Award 2022” during the Seventh NewBiz Business Conclave and Awards on December 12.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to the jury of the awards ceremony, Rana was felicitated with the lifetime achievement business award for his outstanding contribution to the field of business and entrepreneurship in Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rana, who was active in work even at the age of 96, is considered as a source of inspiration to the entire business community for the zeal he showed by initiating business ventures in different fields at his old age.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif""> “He commands the respect of the country's entire private sector as well as of the professionals and general people for his pioneering, innovating and visional roles in a number of fields such as central banking, private sector commercial banking, insurance and manufacturing,” reads the award citation. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rana is survived by two sons – Ashoke SJB Rana and Amar SJB Rana – and two daughters – Pratima Pandey and Sangeeta Thapa.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16668', 'image' => '20230205101502_himalaya.jpg', 'article_date' => '2023-02-05 09:53:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16928', 'article_category_id' => '1', 'title' => 'BPW Laghubitta Bittiya Sanstha Opens IPO Offer for Migrant Workers', 'sub_title' => '', 'summary' => 'BPW Laghubitta Bittiya Sanstha is issuing its Initial Public Offering (IPO) to the Nepali citizens working in foreign countries from Sunday.', 'content' => '<p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">February 5: BPW Laghubitta Bittiya Sanstha is issuing its Initial Public Offering (IPO) to the Nepali citizens working in foreign countries from Sunday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As per the latest provisions made by the Securities Board of Nepal(SEBON), out of the total shares to be floated to the general public, ten per cent has to be allocated to the Nepali citizens employed in foreign countries. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Shares can be floated to the general public only after allotment is done to the migrant workers. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Laghubitta Bittiya Santsha is floating 97,000 units of shares worth Rs 97,00,000 , which is 32.33 per cent of the total issued capital of Rs 3 million. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Of the 97,000 kittas of shares, 9,700 units of shares worth Rs 9,70,000 have been issued for migrant workers.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">A total of 1500 units of shares have been reserved for employees of the company while 4,850 units of shares have been separated for mutual funds. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Remaining 80,950 units of shares will be issued to the general public in the second phase.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Interested individuals can apply for a minimum of 10 units of shares while the maximum quantity of shares they can apply is 1,000 at a par value of Rs 100 per share. The offer will end on February 20. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Mega Capital Markets Limited is issue and sales manager of the laghubitta bittiya sanstha. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Investors can apply for the IPO from issue manager and all C-ASBA member banks and financial institutions approved by Securities Board of Nepal (SEBON). Investors can also apply for the IPO through Mero Share. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p> ', 'published' => true, 'created' => '2023-02-05', 'modified' => '2023-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '16667', 'image' => '20230205061201_collage (8) (3).jpg', 'article_date' => '2023-02-05 06:06:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '16927', 'article_category_id' => '1', 'title' => 'Nawalparasi Farmers Make Good Income from Mushroom Farming ', 'sub_title' => '', 'summary' => 'February 4: Farmers in Nawalparasi East have found their calling in mushroom farming. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 4: Farmers in Nawalparasi East have found their calling in mushroom farming. They are able to make good income from it. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Karna Lal Shrestha, a 61-year-old farmer, has been running an agro farm in Gaidakot Municipality-5 for two years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Started with an investment of Rs 6.5 million on six katthas of land, the business has been generating at least Rs 100,000 in income per month for him. He has built three huts for the farming. The land and other spaces are taken in lease. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"I have been selling at least 20,000 kilograms of mushroom annually. I earned a minimum of Rs 100,000 per month in profit- excluding expenditures," he shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">His age has not deterred him from the business. "Age is just a number. What you need is willpower and courage," he says. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A large amount of money was spent on building physical infrastructures for the business. The huts are used as rooms to store hay required for the farming, he said. Shrestha switched to the farming, finding it profitable after spending his 30 years' time with his father on another business. The farming is suitable during both winter and summer, and its market is also excellent, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shrestha is further encouraged when the municipality provided him an autoclave machine to steam hay at a subsidized rate of 50 percent. An autoclave machine costs Rs 1 million. "Mushroom farming is profitable than other farming. Mushroom grows and is ready for harvest in a span of 30 days. It provides good income," he explained. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Anita Neupane is also running the 'Anita Mushroom Farm' at Gaidakot-1. In the beginning, she faced hard times. But, with experiences over time, she has known the tricks of the trade, and is making adequate profit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Her spouse joined her in the farming after he returned home from foreign job when COVID-19 struck the world. "I started the business after my husband returned from a job in Qatar during COVID-19. He has been very supportive. In the beginning, I suffered a loss. But, gradually I have made proceeds. Hard work is a must," she shared. The farming grows well during winter, according to Neupane. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">She has been drawing between Rs 200,000 and Rs 300,000 annually in core income during winter. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shivashakti Farmers' Group at Gaidakot-4 run by a group of 50 female farmers is another example of success in mushroom farming. The group started the farming four years ago with an investment of Rs 300,000. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Their engagement in the farming has spread the message of unity in agriculture, said the group's Chairperson Sangita Pandit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Their continuous hard work has paid off well, she said, adding that the profit from the farming is used to run the group. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Even the local level turned supportive to the mushroom farmers by providing them subsidies, and launching various programmes targeting the business. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The municipality provided farmers with subsidies and concessional loans, and launched various programmes targeting the farming, said Surakshya Paudel, deputy technical assistant for the agriculture section in the municipality. So far, three mushroom farms have been registered at the municipality. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-02-04', 'modified' => '2023-02-04', 'keywords' => '', 'description' => '', 'sortorder' => '16666', 'image' => '20230204123455_oyster-mushroom-cultivation.jpg', 'article_date' => '2023-02-04 00:34:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16926', 'article_category_id' => '1', 'title' => 'Upcoming Budget to Bring Measures to Check Budgetary Virements: FM Poudel ', 'sub_title' => '', 'summary' => 'February 4: Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel said the government is preparing to bring the annual fiscal policy and programmes in a way to completely check the tradition of budgetary virements from the upcoming fiscal year. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 4: Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel said the government is preparing to bring the annual fiscal policy and programmes in a way to completely check the tradition of budgetary virements from the upcoming fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a discussion with the government office chiefs of Rupandehi district in Bhairahawa on Friday evening, he said, "We are formulating a policy to stop wrong practices of preparing budget in a whim than based on rationale and transferring budgets in between. Next year, we would introduce programmes in a way there is no space for budget transfer." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Not only the federal, provincial and local governments but also the government offices have been practicing budget transfer and introducing new initiatives/activities in the mid of the fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He argued that the new policy measures would be devised to check the prevailing tradition of formulating incoherent plans and executing them in a weak manner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The finance minister also urged the government offices only to focus spending on most essential activities as the government has come up with strict austerity plan. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Revenue mobilization capacity has reduced by 15 to 20 percent in the first six months of the current fiscal year compared to last year. Therefore, there is no option to cut off spending and adopt austerity," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also said the foreign aid money pledged by the development partners was also lower than expected which he argued has resulted in troubles in completing the planned projects and programmes based on donor funding. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"The international donor community asks us to spend the already-disbursed money first. But, we do not pay our attention to that end. How can we receive assistance when the conditions agreed are not met?" he questioned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a different note, the deputy prime minister said the problems surfaced in the operation of the Gautam Buddha International Airport would be resolved soon. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-02-04', 'modified' => '2023-02-04', 'keywords' => '', 'description' => '', 'sortorder' => '16665', 'image' => '20230204123338_Budget.jpg', 'article_date' => '2023-02-04 00:32:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16925', 'article_category_id' => '1', 'title' => 'Dissenting Farmers Throw Agro Produce on the Road ', 'sub_title' => '', 'summary' => 'February 4: Farmers of Chitwan district have expressed their dissent by throwing green vegetables on the road, reportedly for not getting appropriate price for their agro produce. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 4: Farmers of Chitwan district have expressed their dissent by throwing green vegetables on the road, reportedly for not getting appropriate price for their agro produce. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Saying the price of vegetables produced in the country has decreased due to cheap imported vegetables, the farmers launched the demonstration by throwing vegetables on the road. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Farmers’ Struggle Committee launched the demonstration at Pulchowk of Narayangadh and threw vegetables—tomato, pumpkin, carrot, cauliflower and cabbage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Coordinator of the struggle committee, Lekhnath Bhusal, said vegetables produced locally did not get appropriate market price due to the import of cheap vegetables from neighbouring India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Commercial vegetable farming is being carried out in 1,500 hectares of land in the district. Saying Indian vegetables has led to decrease in the price of vegetables produced inside the country, Bhusal mentioned that their request with the federal, provincial and local-level governments to stop the import of vegetables from India was not addressed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The district produces around 300 metric tonnes of vegetables daily. The vegetables produced in Chitwan are consumed in Chitwan, Kathmandu, Pokhara and Butwal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A farmer Abindra Subedi said they were compelled to launch the agitation by throwing vegetables on road after the state turned a deaf ear towards their demands. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The farmers threw five tractors full of vegetables on the road in Pulchowk. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-04', 'modified' => '2023-02-04', 'keywords' => '', 'description' => '', 'sortorder' => '16664', 'image' => '20230204122525_NA-CHITWAN - Copy.jpg', 'article_date' => '2023-02-04 00:24:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, '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
