Hansraj Hulaschand and Co Launches Pulsar N150 in Nepal

Jun 20, 2024 0 3 minutes 23 seconds to read

KATHMANDU: Hansraj Hulaschand & Co Pvt Ltd, the sole authorized distributor of Bajaj motorcycles in Nepal, has announced the launch of the all-new Pulsar…

Dairy Farmers Demand Overdue Payment with DDC

Jun 20, 2024 0 1 minutes 36 seconds to read

KATHMANDU: Dairy farmers have demanded the Dairy Development Corporation (DDC) to settle their outstanding dues…

World Bank Announces New Country Director for Maldives, Nepal, and Sri Lanka

Jun 19, 2024 0 1 minutes 29 seconds to read

KATHMANDU: The World Bank has announced David Sislen as its new Country Director for the Maldives, Nepal, and Sri Lanka, effective from July 1, 2024.KATHMANDU: The World Bank has announced David Sislen as its new Country Director for the Maldives, Nepal, and Sri Lanka, effective from July 1,…

Bankers Unhappy with Investment Facilitation Replacement Bill

Jun 19, 2024 0 4 minutes 8 seconds to read

KATHMANDU: Bankers have expressed concerns about a provision in the Investment Facilitation Bill, which requires banks to sell mortgaged properties within three years if they are not auctioned.…

NEPSE Gains 2.27 Points to Close at 2078.76

Jun 19, 2024 0 1 minutes 36 seconds to read

The Nepal Stock Exchange (NEPSE) Index saw a slight increase of 2.27 points, or 0.10%, closing at 2078.76 on Wednesday, the third trading day of the…

Over 1.8 Million Farmers Enlisted in Farmer Enlisting Programme

Jun 19, 2024 0 1 minutes 45 seconds to read

KATHMANDU: Over 1.8 million farmers have been enlisted in the Farmer Enlisting Programme launched by the government in 2077 BS to provide assistance and grants to the…

Jute Industry in Trouble Due to Diplomatic Failure and Production Cuts from Anti-Dumping Duties

Jun 19, 2024 0 4 minutes 46 seconds to read

BIRATNAGAR: A year ago, during his visit to India, Prime Minister Pushpa Kamal Dahal requested Indian Prime Minister Narendra Modi to cancel the anti-dumping duty (ADD) on readymade jute products from Nepal.…

Agriculture Sector Needs to Adapt to Climate Change Impacts: Experts

Jun 19, 2024 0 1 minutes 40 seconds to read

CHITWAN: Experts and scientists have emphasized the need for agriculture to adapt to climate…

National Life Insurance Company Organises Training for its Employees

Jun 19, 2024 0 3 minutes 7 seconds to read

KATHMANDU: National Life Insurance Company organised a multi-dimensional training for its senior employees in Kathmandu on June 17 and 18 with the objective of promoting a healthy and balanced…

Nepal Seeks More Concessions from World Bank during IDA Meeting

Jun 19, 2024 0 4 minutes 14 seconds to read

KATHMANDU: The Government of Nepal has initiated lobbying with the World Bank to secure more concessional assistance, anticipating the loss of various concessions once the country upgrades from the status of least developed country in…

MPs Unhappy About Budget Disparity Under Ministry of Physical Infrastructure

Jun 19, 2024 0 1 minutes 53 seconds to read

KATHMANDU: Members of Parliament have voiced their dissatisfaction with the budget allocation under the Ministry of Physical Infrastructure and…

'Promote Entrepreneurship Based on Locally-Available Raw Materials'

Jun 18, 2024 0 3 minutes 29 seconds to read

Nepalgunj: Minister for Energy, Water Resources and Irrigation of Lumbini Province, Krishna KC, has called upon one and all to promote entrepreneurship based on locally-available raw materials.…

NEPSE Declines by 18.76 Points to Close at 2076.49

Jun 18, 2024 0 1 minutes 10 seconds to read

The Nepal Stock Exchange (NEPSE) Index fell by 18.76 points, closing at 2076.49 on Tuesday, the second trading day of the week. The trading day began with the NEPSE Index at 2,098.6 points, peaking at an intraday high of 2,099.02 points and dipping to a low of 2,073.91 points before closing at 2,076.49…

Monsoon Slowly Spreading Across the Nation, Could Take Some More Days to Reach Western Nepal

Jun 18, 2024 0 1 minutes 59 seconds to read

KATHMANDU: Although it has already been a week since this year's monsoon entered Nepal, the monsoon system is advancing at a slow…

Farmers again Deprived of Fertilizers which Remain Stocked in Govt Warehouses

Jun 18, 2024 0 3 minutes 50 seconds to read

KATHMANDU: Despite adequate stocking of chemical fertilizers for annual crops, farmers have been deprived of them.…

< previous293031323334353637next >

No Laughing Matter

The Sweet Rewards of Power

By Madan Lamsal

. . .
read more »

NEPSE

Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '21322',
			'article_category_id' => '236',
			'title' => 'Hansraj Hulaschand and Co Launches Pulsar N150 in Nepal',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Hansraj Hulaschand & Co Pvt Ltd, the sole authorized distributor of Bajaj motorcycles in Nepal, has announced the launch of the all-new Pulsar N150.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">KATHMANDU: Hansraj Hulaschand &amp; Co Pvt Ltd, the sole authorized distributor of Bajaj motorcycles in Nepal, has announced the launch of the all-new Pulsar N150. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Issuing a recent statement, the company said that the Pulsar N150 is designed for riders who seek a bike with a balanced character, ideal for both everyday commuting and enjoyable rides.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Abhimanyu Golchha, director of Golchha Group, stated that Pulsar bikes have set new benchmarks in Nepal since the day of its launch, and also globally, making Pulsar one of the most loved motorcycling brands across 70 countries. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The company further said that the Pulsar N150 has been introduced under the theme &lsquo;Balanced Power&rsquo; which captures the essence of a bike that offers both performance and practicality.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to the company, the major highlight of this motorbike is the digital console with bluetooth connectivity for call and SMS alerts, enhancing the overall riding experience. Moreover, it also comes with practical amenities such as a USB charging port. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Similarly, its fuel injection system and BS6 make this bike more efficient, added the statement.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">&ldquo;The Pulsar N150 boasts a sleek design with an aerodynamic 3D front embodying sculptural purity, finished in a dynamic interplay of metalized dual colors. Equipped with a powerful yet smooth 149.68 cc engine, the Pulsar N150 generates 14.5 PS of power and 13.5 Nm of torque, ensuring an exhilarating ride with an impressive mileage of 48 kmpl,&rdquo; Reads the statement.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The bike features an LED projector headlamp that offers unmatched illumination and precise beam for better safety, said the company adding, &ldquo;The Pulsar N150 comes with single-channel ABS, enhancing its safety profile. The Pulsar N150 rides on 17-inch alloy wheels with tubeless tyres, providing good road grip and stability.&rdquo;</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The Pulsar N150 features several advanced components including a digital speedometer, tachometer, trip meter, and odometer. It supports USB charging and offers a clock and a distance-to-empty indicator for added convenience, said the company. Additionally, the vehicle integrates with the &quot;cat&quot; notification system and the Hide Connect app, enhancing connectivity. The bike has a single-seat type, a single tubular handle type, and comes equipped with a passenger footrest.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">With a kerb weight of 145 kg, the Pulsar N150 offers a stable and comfortable ride, the company further stated. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">&ldquo;It has a fuel capacity of 14 liters, making it suitable for long rides without frequent refueling. The bike&rsquo;s braking system includes a 260 mm front disc brake and a 130 mm rear drum brake, ensuring effective stopping power.&rdquo;</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to the company, the Pulsar N150 is available in the Nepali market at a price of&nbsp; Rs 359,900.</span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-20',
			'modified' => '2024-06-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21047',
			'image' => '20240620010020_IMG I.jpeg',
			'article_date' => '2024-06-20 12:59:09',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '21320',
			'article_category_id' => '1',
			'title' => 'Dairy Farmers Demand Overdue Payment with DDC   ',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Dairy farmers have demanded the Dairy Development Corporation (DDC) to settle their outstanding dues immediately.   ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">KATHMANDU: Dairy farmers have demanded the Dairy Development Corporation (DDC) to settle their outstanding dues immediately.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The farmers demonstrated in front of the office of the DDC at Lainchaur, Kathmandu on Wednesday demanding a fair price for the milk they sell.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The protest programme was led by the Central Dairy Cooperatives Association. The association&#39;s Treasurer Bal Krishna Uprety shared that the payment of milk has been pending for seven months and thus they staged protest demanding the overdue payment with the DDC.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to him, dairy farmers all over the country are yet to get their overdue payment worth around Rs 7 billion. The DDC alone owes them Rs 2.5 billion.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">DDC&#39;s Officiating General-Manager and Information Officer Rajendra Prasad Adhikari shared that they were having problems in payment to the dairy farmers since the products made from milk have not been sold out.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to him, they were identifying the potential areas to sell the products to settle the due amount. He pledged that the problem shall be addressed within two months.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Police detained more than 40 dairy farmers who reached the DDC demanding their payment. -- RSS&nbsp; </span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-20',
			'modified' => '2024-06-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21046',
			'image' => '20240620112658_20210714055638_Dairy.jpg',
			'article_date' => '2024-06-20 11:26:15',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '21319',
			'article_category_id' => '1',
			'title' => 'World Bank Announces New Country Director for Maldives, Nepal, and Sri Lanka',
			'sub_title' => '',
			'summary' => 'KATHMANDU: The World Bank has announced David Sislen as its new Country Director for the Maldives, Nepal, and Sri Lanka, effective from July 1, 2024.KATHMANDU: The World Bank has announced David Sislen as its new Country Director for the Maldives, Nepal, and Sri Lanka, effective from July 1, 2024.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">KATHMANDU: The World Bank has announced David Sislen as its new Country Director for the Maldives, Nepal, and Sri Lanka, effective from July 1, 2024.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Sislen succeeds Faris Hadad-Zervos, who will be taking on a new World Bank assignment. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Sislen, a dual national of the US and Italy, joined the Bank in 2001 as an Economist in the Urban Cluster Unit and has since held various operational and managerial positions in different regions, the World Bank said in a statement. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">His most recent assignment is as Practice Manager for Urban, Disaster Risk Management, and Land in the Latin America and Caribbean Region, based in Washington DC, the statement added.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;I am looking forward to my new role and meeting with all our stakeholders and partners soon,&rdquo; said the statement quoted Sislen as saying.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;My key priority will be to lead the strategic dialogue to shape and implement operational engagements in line with the Bank&rsquo;s focus on speed, scale, and impact, working closely with the government, development partners, and diverse stakeholders.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The statement added that Sislen will oversee the World Bank portfolio in Maldives, Nepal, and Sri Lanka of around $4.8 billion.</span></span></p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21045',
			'image' => '20240619100350_20240215010906_World (1).jpg',
			'article_date' => '2024-06-19 22:02:58',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '21318',
			'article_category_id' => '1',
			'title' => 'Bankers Unhappy with Investment Facilitation Replacement Bill',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Bankers have expressed concerns about a provision in the Investment Facilitation Bill, which requires banks to sell mortgaged properties within three years if they are not auctioned. ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">KATHMANDU: Bankers have expressed concerns about a provision in the Investment Facilitation Bill, which requires banks to sell mortgaged properties within three years if they are not auctioned. They argue that this could lower land prices and hinder loan recovery.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Sudesh Khaling, CEO of Everest Bank, noted an increasing trend among large borrowers to avoid repaying loans by resorting to litigation, which often takes a long time to resolve. &quot;With such cases dragging on, it is challenging to complete auctions within the government&#39;s timeframe,&quot; he said. Khaling added that some borrowers believe they do not need to repay loans from banks and financial institutions, leading to increased litigation and financial strain on banks.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Due to difficulties in loan recovery, banks have been forced to invest in non-banking assets when they cannot sell mortgaged properties. The Land Revenue Office&#39;s restrictions on selling such acquired land led the government to amend the Land Act through an ordinance. This ordinance, approved by Parliament, was subsequently replaced with a bill presented to the House of Representatives.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The bill amending the land-related act mandates that banks and financial institutions must sell unsold mortgaged properties within three years if they exceed a specified limit. &quot;When auctioning land mortgaged for loan security, banks, financial institutions, or cooperatives must sell such land within three years of acquisition if they exceed the limit,&quot; the bill states.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">This provision will impact banks with significant non-banking assets. Bankers argue that forced sales within a short timeframe will lower the market value of the land, depriving banks of potential benefits. If the land is not sold within the specified period, the bill requires approval from the government to proceed with the sale.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Bankers have questioned the necessity of government approval. &quot;The requirement for government &#39;approval&#39; is unclear; we don&#39;t understand the intent,&quot; CEO Khaling remarked.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Former banker Bhuvan Dahal argued that banks and financial institutions should not face difficulties due to the ordinance and its replacement bill, which mandate the sale of unsold securities beyond the auction limit. He acknowledged that, under normal circumstances, auctions could be completed within three years, but litigation or falling land prices could prevent this. &quot;The three-year period should exclude litigation time,&quot; he said, suggesting banks be granted additional time when necessary.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Conversely, government officials argue that the provision aims to curb random auctions that have adversely affected many debtors. A senior official involved in drafting the bill noted that some major commercial banks have been unfairly pressuring borrowers. &quot;This measure is intended to prevent arbitrary auction notices from banks,&quot; the official said.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">In the bill to amend some Nepal Acts related to investment facilitation, presented by Minister for Industry, Commerce, and Supplies Damodar Bhandari, the Land Act, 2021, has been revised. It now allows industries, establishments, companies, or organizations needing land beyond the prescribed limit to apply for government approval within one year of the bill&#39;s enactment. Minister Bhandari emphasized that the bill aims to facilitate investment by easing land acquisition, supporting the establishment of natural industries in forest areas, and allowing mortgage arrangements to increase industry capacity by up to 50 percent beyond the limit with government approval.</span></span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21044',
			'image' => '20240619034220_Home-Auction-e1564798302267.jpg',
			'article_date' => '2024-06-19 15:41:40',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '21317',
			'article_category_id' => '1',
			'title' => 'NEPSE Gains 2.27 Points to Close at 2078.76',
			'sub_title' => '',
			'summary' => 'The Nepal Stock Exchange (NEPSE) Index saw a slight increase of 2.27 points, or 0.10%, closing at 2078.76 on Wednesday, the third trading day of the week.',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">June 19: The Nepal Stock Exchange (NEPSE) Index saw a slight increase of 2.27 points, or 0.10%, closing at 2078.76 on Wednesday, the third trading day of the week.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">During today&rsquo;s trading session, 308 scrips were traded through 48,706 transactions. A total of 7,209,757 units of shares were exchanged, resulting in a total turnover of Rs 3.40 billion.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal Finance Limited (NFS) led the market in terms of turnover, with total transactions worth Rs 20 crores. NFS also achieved the highest gain of the day at 9.99%, closing at Rs 724 per share.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Conversely, Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) experienced the largest loss, falling by 9.88% to settle at Rs 1460 per share.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In terms of sector performance, about half of the sectors closed in positive territory, while the remaining sectors ended in the red. </span></span><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Banking Subindex, Finance Index, Hydropower Index, Microfinance Index, Non-Life Insurance Index, and Others Index all closed with gains. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On the other hand, the Development Index, Hotels and Tourism Index, Investment Index, Life Insurance Index, Manufacturing and Processing Index, Mutual Fund Index, and Trading Index saw declines.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Finance Index recorded the highest gain among sector indices, rising by 2.62%, while the Trading Index suffered the most significant loss, dropping by 1.32%.</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21043',
			'image' => '20240619032558_collage (36).jpg',
			'article_date' => '2024-06-19 15:24:32',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '42'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '21316',
			'article_category_id' => '1',
			'title' => 'Over 1.8 Million Farmers Enlisted in Farmer Enlisting Programme   ',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Over 1.8 million farmers have been enlisted in the Farmer Enlisting Programme launched by the government in 2077 BS to provide assistance and grants to the farmers.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">KATHMANDU: Over 1.8 million farmers have been enlisted in the Farmer&nbsp;Enlisting Programme launched by the government in 2077 BS to provide assistance and grants to the farmers.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to Information Officer at the Ministry of Agriculture and Livestock Development, Mahananda Joshi, they are collecting details about the farmers&#39; produces and the land used for cultivation among others at present.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Integrated statistics is being collected from all over the country, said Joshi.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The government is planning to provide assistances and in-kind support such as fertilizers, seeds and other facilities to farmers through digital medium.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The Agriculture Information and Training Centre has been coordinating the programme which seeks to create a network of farmers in a single platform for the government to provide services and facilities to them through one-door policy in the most convenient way.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The farmers enlisted in the programme will get identity cards which will be the major basis for receiving state facilities. The government is also planning to launch a mobile application to provide technical support and services to the farmers.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The ministry is collecting information about the farmers through the local governments, said Information Officer Joshi, adding that the programme aims to enlist at least 1.2 million farmers in the upcoming fiscal year. -- RSS </span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21042',
			'image' => '20240619031523_agri maize.jpg',
			'article_date' => '2024-06-19 15:14:45',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '34'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '21315',
			'article_category_id' => '1',
			'title' => 'Jute Industry in Trouble Due to Diplomatic Failure and Production Cuts from Anti-Dumping Duties',
			'sub_title' => '',
			'summary' => 'BIRATNAGAR: A year ago, during his visit to India, Prime Minister Pushpa Kamal Dahal requested Indian Prime Minister Narendra Modi to cancel the anti-dumping duty (ADD) on readymade jute products from Nepal. ',
			'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Bedraj Poudel</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">BIRATNAGAR: A year ago, during his visit to India, Prime Minister Pushpa Kamal Dahal requested Indian Prime Minister Narendra Modi to cancel the anti-dumping duty (ADD) on readymade jute products from Nepal. In 2079 BS, India imposed ADD on ready-made jute from Nepal and Bangladesh, ranging from 3 to 4 percent depending on the product. This duty is typically levied when foreign goods are imported at prices significantly lower than the local market, harming domestic industries.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&quot;I requested Prime Minister Modi to remove the anti-dumping duty imposed on jute produced in Nepal,&quot; Prime Minister Dahal stated in a joint press conference with Modi. Following this high-level appeal, the jute industry in the Sunsari-Morang Industrial Corridor hoped for the duty&#39;s removal.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Industrialists, who anticipated the reopening of closed industries and the flourishing of existing ones, are now disappointed due to the lack of action from the Indian side on the Prime Minister&#39;s request.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">In addition to the ADD, India has imposed a 12.5 percent countervailing duty (CVD) on Nepali jute. As a result, jute industries in the Sunsari-Morang Industrial Corridor have had to cut production. Industries that used to operate three shifts, 24 hours a day, now only run for 8 hours.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Beyond the unresolved ADD issue, industrialists face problems such as economic recession, decreased demand for ready-made goods, irregular electricity supply, and loss of competitiveness in the Indian market.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Raj Kumar Golchha, president of the Nepal Jute Industry Association, and part of the Prime Minister&#39;s delegation to India, initially believed that the visit would positively address the jute industry&#39;s issues. However, he expressed disappointment over the lack of progress on removing the duties for the past year.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Approximately 30,000 workers are employed across the five jute mills operating in the Sunsari-Morang Industrial Corridor. Six other mills remain closed. If the Indian government removes the ADD, these six closed mills could reopen. Nepali industrialists currently pay Rs 300 million annually to the Indian government in anti-dumping charges. Nepal imports over 50 percent of its raw jute from India and exports finished products back to the Indian market, holding only a 2 percent share of the Indian jute market. Both the technology and raw materials used are sourced from India.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Although India mandates the use of jute sacks for food packaging, its production is insufficient, leading to the use of plastic sacks as well. Nepali jute products complement this Indian policy, prompting Golchha to demand the cancellation of the ADD on Nepali jute products.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Due to the ADD, Nepali products struggle to compete with Indian products. Industrialists urge the Government of Nepal to negotiate directly with India. The Indian government reviews these duties every five years, and it has been five years since the imposition of ADD on Nepali jute products.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Ramesh Rathi, a member of the Federation of Nepalese Chamber of Commerce and Industry and owner of Swastik Jute, stated that resolving the tariff issue through negotiations with India would relieve the industry. He noted that canceling the duty would increase production capacity and employment in the jute industry.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">India imposed a 12.5 percent CVD on Nepali jute products on July 17, 2015. The jute industry protested this duty to the Indian government. On December 16, 2016, the industry filed a protest letter with India&#39;s revenue department, and from that day, the CVD amount was held as a bond at customs. The Indian government withdrew the CVD on April 20, 2017. However, the bond amount, totaling Rs 20 million, has not been returned according to industry rules.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Due to the ongoing ADD, Nepali products cannot compete with Indian products, leading industrialists to call for direct government negotiations with India.</span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21041',
			'image' => '20240619013321_20220904040338_20220711053930_jute-sacks-500x500.jpg',
			'article_date' => '2024-06-19 13:32:39',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '21313',
			'article_category_id' => '1',
			'title' => 'Agriculture Sector Needs to Adapt to Climate Change Impacts: Experts',
			'sub_title' => '',
			'summary' => 'CHITWAN: Experts and scientists have emphasized the need for agriculture to adapt to climate change.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">CHITWAN: Experts and scientists have emphasized the need for agriculture to adapt to climate change.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">They made such a remark at the &quot;International Conference on Ecological Impact on Agriculture, Business, and Technology,&quot; organized by the Agriculture and Forestry University in Chitwan on Tuesday. During the conference, experts highlighted climate change as a significant challenge for the agricultural sector&#39;s development.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Speakers noted that increasing snowmelt is causing soil erosion and water supply crises, urging the development of agricultural practices and technologies that can mitigate climate change impacts.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">National Planning Commission Member Dr. Ramesh Chandra Poudel stressed that development activities should be grounded in nature and science. He advocated for a shift in Nepal&#39;s education policy to provide technical and vocational education to up to 70 percent of students.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Similarly, Vice Chancellor of the Agriculture and Forestry University, Prof. Dr. Punya Prasad Regmi, emphasized the need for support to engage university students in research work.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The two-day conference includes participation from experts, professors, and students from Nepal, India, the USA, Indonesia, China, and Australia.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Dr. Rishiram Kattel, Research Director of AFU Research Directorate, mentioned that 100 representatives from various Indian universities and institutions are attending the conference.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Several working papers are being presented and discussed at the event. -- RSS</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21040',
			'image' => '20240619124802_paddyyy-transformed.jpeg',
			'article_date' => '2024-06-19 12:47:15',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '21314',
			'article_category_id' => '266',
			'title' => 'National Life Insurance Company Organises Training for its Employees',
			'sub_title' => '',
			'summary' => 'KATHMANDU: National Life Insurance Company organised a multi-dimensional training for its senior employees in Kathmandu on June 17 and 18 with the objective of promoting a healthy and balanced life.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">KATHMANDU: National Life Insurance Company organised a multi-dimensional training for its senior employees in Kathmandu on June 17 and 18 with the objective of promoting a healthy and balanced life.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">The company expects this training to inspire personal and professional development of the employees, which will in turn benefit the company.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">Issuing a statement, the company said this training will increase the professionalism of both individuals and the organization and motivate employees to work in a healthy environment and provide inspiration for their personality development.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">The training was conducted by the corporate program director of Art of Living Nepal Neeva M Pradhan. Pradhan is a respected international corporate trainer with a highly professional background in the banking sector. </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">She is an expert in managing loan portfolios and conducting management training. </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">&ldquo;Her expertise and experience have provided valuable assistance in making this program a success,&rdquo; the company said.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">In addition, senior trainers Achut Gautam and Samjhana Kharel also played supporting roles in this training program.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">Art of Living has more than forty years of successful experience with such programs and has implemented these programs in approximately 186 countries around the world. The statement added that these programs were prepared in accordance with the wellness model of the World Health Organization. </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">The statement added that the company is confident this program will relieve the participants of illness and stress and promote the overall health and well-being of the employees.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">Pradhan expressed happiness to see the increasing number of organizations that prioritize employees. </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">&ldquo;Our overall training package is designed to provide maximum and sustainable benefits to both individuals and organizations,&rdquo; said Pradhan, adding, &ldquo;The organization is committed to conducting additional training sessions after the completion of the program to ensure maximum return on time and investment.&rdquo; </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">The company&#39;s president Prema Rajya Laxmi Singh and the president of Art of Living Nepal Siddheshwar Kumar Singh were present at the closing ceremony of the program.</span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21039',
			'image' => '20240619011244_PR-1536x855.jpg',
			'article_date' => '2024-06-19 13:11:54',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '34'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '21311',
			'article_category_id' => '1',
			'title' => 'Nepal Seeks More Concessions from World Bank during IDA Meeting',
			'sub_title' => '',
			'summary' => 'KATHMANDU: The Government of Nepal has initiated lobbying with the World Bank to secure more concessional assistance, anticipating the loss of various concessions once the country upgrades from the status of least developed country in 2026.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">KATHMANDU: The Government of Nepal has initiated lobbying with the World Bank to secure more concessional assistance, anticipating the loss of various concessions once the country upgrades from the status of least developed country in 2026. The country aims to achieve sustainable development goals and secure additional concessional resources for large infrastructure projects. This lobbying effort is taking place at the 21st Replenishment Meeting of the International Development Association (IDA) under the World Bank Group, which began in Kathmandu on Tuesday.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The International Development Association (IDA) is working with donors and borrowing countries to replenish resources that will be used to deliver on global development goals during the ongoing meeting from June 18-21. The World Bank has indicated that IDA will aim to raise the highest amount of resources within a three-year period.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">As the host country, Nepal is taking initiatives to secure more concessional resources from IDA. In the opening session on Tuesday, Prime Minister Pushpa Kamal Dahal emphasized that Nepal requires more support to achieve its various goals. Despite integrated efforts for inclusive economic development, there is a shortage of financial resources for sustainable development goals (SDG), nationally determined contributions (NDC), and sustainable infrastructure development due to resource constraints and increasing debt obligations.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The Sustainable Development Goals encompass various socio-economic development targets, while the NDC outlines steps to mitigate the impact of climate change.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Prime Minister Dahal stated that the government&#39;s priority is to mobilize private capital, attract foreign investment, boost economic activity, and increase internal revenue, as domestic resources alone are insufficient for these purposes.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">As Nepal transitions to a developing country status in 2026, securing concessional loans may become challenging. Therefore, Nepal is emphasizing the need for subsidized loans. &quot;Concessions are very important for an underdeveloped country like Nepal,&quot; Prime Minister Dahal remarked. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">During the four-day meeting, officials from the Ministry of Finance, Nepal will focus on obtaining more aid and subsidized loans. Nepal&#39;s upgrade to a developing country status will be followed by a five-year transition period to bolster its economic standing.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">&quot;During this time, Nepal needs more assistance than the concessional loans currently available annually,&quot; an official stated, &quot;And we will take the initiative at this meeting.&quot;</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Nepal will advocate for aid to be allocated to specific programs rather than projects, granting the government more flexibility in implementation. Prime Minister Dahal emphasized the importance of program-based assistance, noting that this approach enhances the ownership and engagement of the beneficiary country with the support of donors. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">At the meeting, Axel Van Trotsenberg, senior managing director of the World Bank, noted that IDA acts as a mediator between donor and beneficiary countries to mobilize financial resources. &quot;This meeting will decide how to proceed in a planned manner for the next decade, not just now,&quot; he said.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Sangita Shrestha, a businesswoman, highlighted that although Nepal is rich geographically, culturally, and ecologically, it is highly vulnerable to natural disasters and climate change effects. She urged development partners and policymakers to collaborate for the effective mobilization of financial resources for sustainable development in high-risk countries like Nepal. According to the Ministry of Finance, more than 200 representatives from 61 countries, including high-ranking officials like Axel van Trotsenberg, are participating in the meeting.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">During the meeting, concessional loans, grant aid, priority areas, policy frameworks, outcome blueprints, and the financial resources required will be discussed with donor countries for the period from July 2025 to June 2028. Officials also mentioned that there is a schedule for on-site visits to nine projects in Nepal related to education, drinking water, reconstruction, energy, climate, and other sectors, supported by the World Bank.</span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => 'IDA, meeting, World, Bank, Nepal, concession',
			'description' => '',
			'sortorder' => '21037',
			'image' => '20240619105403_PRO_KTM_PRACHANDA_066A6791.jpg',
			'article_date' => '2024-06-19 10:53:02',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '21310',
			'article_category_id' => '1',
			'title' => 'MPs Unhappy About Budget Disparity Under Ministry of Physical Infrastructure',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Members of Parliament have voiced their dissatisfaction with the budget allocation under the Ministry of Physical Infrastructure and Transport.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">KATHMANDU: Members of Parliament have voiced their dissatisfaction with the budget allocation under the Ministry of Physical Infrastructure and Transport.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">During a discussion on the Appropriation Bill, 2081, in the House of Representatives on Tuesday, MPs accused the Minister for Physical Infrastructure of concentrating the budget in his constituency. Even MPs from the ruling party raised concerns, alleging that the funds had been distributed based on personal influences.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Tejulal Chaudhary highlighted disparities in budget allocation among districts in the Madhes province and Karnali, as the budget has neglected the latter.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Prabhu Hajara claimed that the Madhes province had received a comparatively higher budget allocation and suggested making the budget more balanced and objective.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Purna Bahadur Tamang also accused the minister of focusing the budget on his district.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Ain Bahadur Shahi Thakuri criticized the minister for not allocating budget to districts still lacking road infrastructure.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Badri Prasad Pandey argued that the budget undermined equitable development, while MP Mahesh Bartaula complained about the insufficient prioritization of development in Makwanpur. He specifically demanded more funds for the early completion of the Chitlang-Thankot road. -- RSS</span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21036',
			'image' => '20240619103608_Parliament.jpg',
			'article_date' => '2024-06-19 10:35:01',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '21309',
			'article_category_id' => '1',
			'title' => ''Promote Entrepreneurship Based on Locally-Available Raw Materials'',
			'sub_title' => '',
			'summary' => 'Nepalgunj: Minister for Energy, Water Resources and Irrigation of Lumbini Province, Krishna KC, has called upon one and all to promote entrepreneurship based on locally-available raw materials. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepalgunj: Minister for Energy, Water Resources and Irrigation of Lumbini Province, Krishna KC, has called upon one and all to promote entrepreneurship based on locally-available raw materials. He made this appeal during a one-day training on financial literacy and entrepreneurship for women entrepreneurs, organized by New Business Age in Nepalgunj on Tuesday.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Speaking as the chief guest, Minister KC highlighted that the Lumbini state government has allocated Rs 250 million for interest subsidies for women entrepreneurs and Rs 200 million for concessional loans at a 5 percent interest rate.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">After attending the training and listening carefully to the presentations, Minister KC said, &quot;If you have the willpower and interest, you can succeed in entrepreneurship.&quot; He expressed his enthusiasm about the program and committed to facilitating and coordinating support for women entrepreneurs. &quot;I will personally see what the Lumbini state government can do to help women entrepreneurs,&quot; he affirmed.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Madan Lamsal, chairman of the program and editor-in-chief of New Business Age, expressed his happiness about the increasing presence of women in business in Nepal. &quot;But women still need to work more to take charge of large industries and businesses. For this, the government and the private sector need to work together,&quot; he stated.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Our business journalism is focused on promoting entrepreneurship in the country,&rdquo; Lamsal added. &ldquo;I am glad that New Business Age has been organizing such workshops across the country for a few years to train women in financial literacy and entrepreneurship.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Former executive director of Nepal Rastra Bank, Uma Joshi Bohora, emphasized that success in business requires more than just investment. Entrepreneurs need to learn various skills like production, pricing, and marketing to achieve success.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Ashok Kumar Bhujel, another speaker at the program, noted the importance of discipline in business. &quot;He who pays attention to his own management can manage his business well,&quot; he said. Instead of posting idle contents on Facebook, Bhujel advised posting about products or services to promote business.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Sagun Khanal mentioned that Nepal has started exporting traditional foods like <em>gundruk</em> and <em>sinki</em>. &ldquo;Even leaf plates can be exported. But to run your business smoothly and receive discounts and benefits from various agencies, you should register with the appropriate government agencies,&rdquo; he explained. Khanal provided detailed information on becoming a successful entrepreneur and accessing various facilities offered by government agencies and banks.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Kiran Rana Magar, head of Siddhartha Bank&rsquo;s Nepalgunj branch, informed that the bank provides loans to women entrepreneurs, but they must fulfill certain criteria to qualify.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">President of Women Entrepreneurs Association, Banke, Sabitra Devi Basnet, thanked the organizers, sponsors, and stakeholders, saying the training was very useful for women entrepreneurs. She also requested that such training should be extended to at least three consecutive days instead of just one day.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Around 115 women entrepreneurs attended the program at Siddharth Cottage, Nepalgunj, including officials from the Nepal Chamber of Commerce, Banke; Women Vice President Mandira Pandey; Central Treasurer of the Federation of Women Entrepreneurs Association of Nepal Sabita Subedi, and officials from the Nepal Cottage and Small Industries Federation, Banke. The event was sponsored by Siddhartha Bank.</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-18',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21035',
			'image' => '20240618091528_DSC03908.JPG',
			'article_date' => '2024-06-18 21:14:47',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '34'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '21308',
			'article_category_id' => '1',
			'title' => 'NEPSE Declines by 18.76 Points to Close at 2076.49',
			'sub_title' => '',
			'summary' => 'The Nepal Stock Exchange (NEPSE) Index fell by 18.76 points, closing at 2076.49 on Tuesday, the second trading day of the week. The trading day began with the NEPSE Index at 2,098.6 points, peaking at an intraday high of 2,099.02 points and dipping to a low of 2,073.91 points before closing at 2,076.49 points.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">June 18: The Nepal Stock Exchange (NEPSE) Index fell by 18.76 points, closing at 2076.49 on Tuesday, the second trading day of the week.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The trading day began with the NEPSE Index at 2,098.6 points, peaking at an intraday high of 2,099.02 points and dipping to a low of 2,073.91 points before closing at 2,076.49 points.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">During today&rsquo;s trading session, 318 scrips were traded through 58,119 transactions. As many as 9,544,734 units of shares changed their hands, relsuting into a total turnover of Rs 4.05 billion. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) hit the upper circuit limit, soaring by 10% to close at Rs. 2,409. In contrast, Manakamana Smart Lagubitta Bittiya Sanstha (MKLB) and &nbsp;Kutheli Bukhari Small Hydropower Limited(KBSH) experienced the highest declines, each dropping by 10%.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In terms of sector indices, all sector indices ended the day in negative territory. The &quot;Banking Index&quot; suffered the most, falling by 1.16%, while the &quot;Manufacturing and Processing Index&quot; recorded the smallest loss of 0.52%.</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-18',
			'modified' => '2024-06-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21034',
			'image' => '20240618034937_collage (35).jpg',
			'article_date' => '2024-06-18 15:48:12',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '42'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '21307',
			'article_category_id' => '1',
			'title' => 'Monsoon Slowly Spreading Across the Nation, Could Take Some More Days to Reach Western Nepal',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Although it has already been a week since this year's monsoon entered Nepal, the monsoon system is advancing at a slow pace.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">KATHMANDU: Although it has already been a week since this year&#39;s monsoon entered Nepal, the monsoon system is advancing at a slow pace. It could take around a week or more to reach nationwide, the Department of Hydrology and Meteorology said.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Senior Meteorologist at the Department Prativa Manandhar said that currently the monsoon is active in the north and east parts of the Koshi Province adding that most of the districts in the province are receiving rainfall.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to Manandhar, it could take some more days for the monsoon to arrive in Kathmandu since the speed of the monsoon is very slow. &quot;It is advancing towards the west but at a very slow pace,&quot; she added.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">She shared that it could take two to three days to arrive in Kathmandu and then five to seven days to reach Sudurpaschim Province. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">This year, the monsoon entered Nepal from eastern Nepal&rsquo;s Koshi Province on June 10, three days ahead of the expected date.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to forecasts made by the division, the monsoon season this year is expected to bring 35 to 55 percent more rainfall than the average.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">More than 1.8 million people are likely to be affected by the monsoon this year, according to the National Disaster Risk Reduction and Management Authority (NDRRMA).&nbsp;&nbsp;&nbsp; A situation might surface where 83,000 families would be directly affected and 18,000 households need to be rescued and provided with relief, NDRRMA said recently. -- RSS&nbsp; </span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-18',
			'modified' => '2024-06-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21033',
			'image' => '20240618112527_20240610063405_20240604114336_20210626022910_Monsoon.jpeg',
			'article_date' => '2024-06-18 11:24:46',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '21305',
			'article_category_id' => '1',
			'title' => 'Farmers again Deprived of Fertilizers which Remain Stocked in Govt Warehouses',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Despite adequate stocking of chemical fertilizers for annual crops, farmers have been deprived of them. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">KATHMANDU: Despite adequate stocking of chemical fertilizers for annual crops, farmers have been deprived of them. With the arrival of the monsoon, farmers in various parts of the country have started planting paddy without access to fertilizers. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to the Ministry of Agriculture and Livestock Development, about 250,000 metric tons of fertilizer are required for annual crops. Currently, 94,500 metric tons of fertilizer are in the government warehouses.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The ministry informed that an additional 131,000 metric tons of fertilizer is being imported. Over 75,000 tons of chemical fertilizers are expected to reach Nepal within the third week of June, and another 25,000 tons will be shipped from China at around the same time. Thus, the government claims that sufficient chemical fertilizers will be available by the time of rice plantation in the country.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">With the onset of the monsoon, paddy planting has started in various parts of the Terai. However, farmers have begun planting paddy without fertilizer. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Agni Aryal, former coordinator of the Paddy Superzone in Rajapur, Bardiya, complained about the lack of fertilizer for farmers.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Fertilizer is sold and distributed through cooperatives, but a cooperative typically receives only 40 bags of fertilizer, which is insufficient for its 200-300 members. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&quot;Even those who get fertilizer receive only 5-7 kg,&quot; Aryal said, adding, &quot;A single farmer cultivates paddy on 3-4 bighas of land. What can they do with 5-7 kg of fertilizer?&quot;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Due to the insufficient supply of fertilizers by the government, most of the farmers depend on smuggled fertilizers from India. Although there has been no rain in western Terai&#39;s Banke, Bardiya, Kailali, and Kanchanpur, farmers have begun planting paddy since late May in areas with irrigation facility.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Farmers in Madhesh and Koshi provinces of eastern Terai face similar issues. Bhuvaneshwar Yadav, a farmer from Rautahat, prepared to plant paddy on five bighas of land but lamented the lack of adequate fertilizer.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&quot;Fertilizer is not available even in cooperatives. Even if it comes, only those with access get it, making it impossible for everyone to benefit,&quot; he said.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Acknowledging these issues, Joint Secretary of the Ministry, Ram Krishna Shrestha, admitted there is a problem with the fertilizer distribution system in Nepal.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&quot;Although the government warehouses have stocks of fertilizer, farmers cannot access it due to distribution issues. Problems arise when municipalities fail to collect their quota on time and when cooperatives distribute only to their members,&quot; he explained.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Preparation of Revised Guidelines to Facilitate Distribution</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">To address these issues, the government plans to amend the guidelines to facilitate fertilizer distribution. The government has formed a committee, coordinated headed by the ministry&rsquo;s Joint Secretary Ram Krishna Shrestha for this purpose. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Despite the rights given to the provincial and local governments to distribute fertilizer through the Agricultural Inputs Company Limited and the Salt Trading Corporation, there are frequent complaints from farmers about the unavailability of fertilizer at the local level. Therefore, the government has initiated the process of amending the law to streamline distribution.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The committee is working to revise the Subsidized Fertilizer Distribution Guideline, 2077, to make fertilizer distribution more effective across local, provincial, and federal levels, with implementation expected from mid-July.</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-18',
			'modified' => '2024-06-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21032',
			'image' => '20240618105506_20230727010535_1690421631.2023-07-27 07.17.16_11zon.jpg',
			'article_date' => '2024-06-18 10:54:20',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	)
)
$current_user = null
$logged_in = false
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

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 &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]Code Context//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '21322',
			'article_category_id' => '236',
			'title' => 'Hansraj Hulaschand and Co Launches Pulsar N150 in Nepal',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Hansraj Hulaschand & Co Pvt Ltd, the sole authorized distributor of Bajaj motorcycles in Nepal, has announced the launch of the all-new Pulsar N150.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">KATHMANDU: Hansraj Hulaschand &amp; Co Pvt Ltd, the sole authorized distributor of Bajaj motorcycles in Nepal, has announced the launch of the all-new Pulsar N150. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Issuing a recent statement, the company said that the Pulsar N150 is designed for riders who seek a bike with a balanced character, ideal for both everyday commuting and enjoyable rides.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Abhimanyu Golchha, director of Golchha Group, stated that Pulsar bikes have set new benchmarks in Nepal since the day of its launch, and also globally, making Pulsar one of the most loved motorcycling brands across 70 countries. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The company further said that the Pulsar N150 has been introduced under the theme &lsquo;Balanced Power&rsquo; which captures the essence of a bike that offers both performance and practicality.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to the company, the major highlight of this motorbike is the digital console with bluetooth connectivity for call and SMS alerts, enhancing the overall riding experience. Moreover, it also comes with practical amenities such as a USB charging port. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Similarly, its fuel injection system and BS6 make this bike more efficient, added the statement.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">&ldquo;The Pulsar N150 boasts a sleek design with an aerodynamic 3D front embodying sculptural purity, finished in a dynamic interplay of metalized dual colors. Equipped with a powerful yet smooth 149.68 cc engine, the Pulsar N150 generates 14.5 PS of power and 13.5 Nm of torque, ensuring an exhilarating ride with an impressive mileage of 48 kmpl,&rdquo; Reads the statement.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The bike features an LED projector headlamp that offers unmatched illumination and precise beam for better safety, said the company adding, &ldquo;The Pulsar N150 comes with single-channel ABS, enhancing its safety profile. The Pulsar N150 rides on 17-inch alloy wheels with tubeless tyres, providing good road grip and stability.&rdquo;</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The Pulsar N150 features several advanced components including a digital speedometer, tachometer, trip meter, and odometer. It supports USB charging and offers a clock and a distance-to-empty indicator for added convenience, said the company. Additionally, the vehicle integrates with the &quot;cat&quot; notification system and the Hide Connect app, enhancing connectivity. The bike has a single-seat type, a single tubular handle type, and comes equipped with a passenger footrest.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">With a kerb weight of 145 kg, the Pulsar N150 offers a stable and comfortable ride, the company further stated. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">&ldquo;It has a fuel capacity of 14 liters, making it suitable for long rides without frequent refueling. The bike&rsquo;s braking system includes a 260 mm front disc brake and a 130 mm rear drum brake, ensuring effective stopping power.&rdquo;</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to the company, the Pulsar N150 is available in the Nepali market at a price of&nbsp; Rs 359,900.</span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-20',
			'modified' => '2024-06-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21047',
			'image' => '20240620010020_IMG I.jpeg',
			'article_date' => '2024-06-20 12:59:09',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '21320',
			'article_category_id' => '1',
			'title' => 'Dairy Farmers Demand Overdue Payment with DDC   ',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Dairy farmers have demanded the Dairy Development Corporation (DDC) to settle their outstanding dues immediately.   ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">KATHMANDU: Dairy farmers have demanded the Dairy Development Corporation (DDC) to settle their outstanding dues immediately.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The farmers demonstrated in front of the office of the DDC at Lainchaur, Kathmandu on Wednesday demanding a fair price for the milk they sell.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The protest programme was led by the Central Dairy Cooperatives Association. The association&#39;s Treasurer Bal Krishna Uprety shared that the payment of milk has been pending for seven months and thus they staged protest demanding the overdue payment with the DDC.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to him, dairy farmers all over the country are yet to get their overdue payment worth around Rs 7 billion. The DDC alone owes them Rs 2.5 billion.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">DDC&#39;s Officiating General-Manager and Information Officer Rajendra Prasad Adhikari shared that they were having problems in payment to the dairy farmers since the products made from milk have not been sold out.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to him, they were identifying the potential areas to sell the products to settle the due amount. He pledged that the problem shall be addressed within two months.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Police detained more than 40 dairy farmers who reached the DDC demanding their payment. -- RSS&nbsp; </span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-20',
			'modified' => '2024-06-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21046',
			'image' => '20240620112658_20210714055638_Dairy.jpg',
			'article_date' => '2024-06-20 11:26:15',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '21319',
			'article_category_id' => '1',
			'title' => 'World Bank Announces New Country Director for Maldives, Nepal, and Sri Lanka',
			'sub_title' => '',
			'summary' => 'KATHMANDU: The World Bank has announced David Sislen as its new Country Director for the Maldives, Nepal, and Sri Lanka, effective from July 1, 2024.KATHMANDU: The World Bank has announced David Sislen as its new Country Director for the Maldives, Nepal, and Sri Lanka, effective from July 1, 2024.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">KATHMANDU: The World Bank has announced David Sislen as its new Country Director for the Maldives, Nepal, and Sri Lanka, effective from July 1, 2024.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Sislen succeeds Faris Hadad-Zervos, who will be taking on a new World Bank assignment. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Sislen, a dual national of the US and Italy, joined the Bank in 2001 as an Economist in the Urban Cluster Unit and has since held various operational and managerial positions in different regions, the World Bank said in a statement. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">His most recent assignment is as Practice Manager for Urban, Disaster Risk Management, and Land in the Latin America and Caribbean Region, based in Washington DC, the statement added.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;I am looking forward to my new role and meeting with all our stakeholders and partners soon,&rdquo; said the statement quoted Sislen as saying.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;My key priority will be to lead the strategic dialogue to shape and implement operational engagements in line with the Bank&rsquo;s focus on speed, scale, and impact, working closely with the government, development partners, and diverse stakeholders.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The statement added that Sislen will oversee the World Bank portfolio in Maldives, Nepal, and Sri Lanka of around $4.8 billion.</span></span></p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21045',
			'image' => '20240619100350_20240215010906_World (1).jpg',
			'article_date' => '2024-06-19 22:02:58',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '21318',
			'article_category_id' => '1',
			'title' => 'Bankers Unhappy with Investment Facilitation Replacement Bill',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Bankers have expressed concerns about a provision in the Investment Facilitation Bill, which requires banks to sell mortgaged properties within three years if they are not auctioned. ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">KATHMANDU: Bankers have expressed concerns about a provision in the Investment Facilitation Bill, which requires banks to sell mortgaged properties within three years if they are not auctioned. They argue that this could lower land prices and hinder loan recovery.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Sudesh Khaling, CEO of Everest Bank, noted an increasing trend among large borrowers to avoid repaying loans by resorting to litigation, which often takes a long time to resolve. &quot;With such cases dragging on, it is challenging to complete auctions within the government&#39;s timeframe,&quot; he said. Khaling added that some borrowers believe they do not need to repay loans from banks and financial institutions, leading to increased litigation and financial strain on banks.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Due to difficulties in loan recovery, banks have been forced to invest in non-banking assets when they cannot sell mortgaged properties. The Land Revenue Office&#39;s restrictions on selling such acquired land led the government to amend the Land Act through an ordinance. This ordinance, approved by Parliament, was subsequently replaced with a bill presented to the House of Representatives.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The bill amending the land-related act mandates that banks and financial institutions must sell unsold mortgaged properties within three years if they exceed a specified limit. &quot;When auctioning land mortgaged for loan security, banks, financial institutions, or cooperatives must sell such land within three years of acquisition if they exceed the limit,&quot; the bill states.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">This provision will impact banks with significant non-banking assets. Bankers argue that forced sales within a short timeframe will lower the market value of the land, depriving banks of potential benefits. If the land is not sold within the specified period, the bill requires approval from the government to proceed with the sale.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Bankers have questioned the necessity of government approval. &quot;The requirement for government &#39;approval&#39; is unclear; we don&#39;t understand the intent,&quot; CEO Khaling remarked.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Former banker Bhuvan Dahal argued that banks and financial institutions should not face difficulties due to the ordinance and its replacement bill, which mandate the sale of unsold securities beyond the auction limit. He acknowledged that, under normal circumstances, auctions could be completed within three years, but litigation or falling land prices could prevent this. &quot;The three-year period should exclude litigation time,&quot; he said, suggesting banks be granted additional time when necessary.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Conversely, government officials argue that the provision aims to curb random auctions that have adversely affected many debtors. A senior official involved in drafting the bill noted that some major commercial banks have been unfairly pressuring borrowers. &quot;This measure is intended to prevent arbitrary auction notices from banks,&quot; the official said.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">In the bill to amend some Nepal Acts related to investment facilitation, presented by Minister for Industry, Commerce, and Supplies Damodar Bhandari, the Land Act, 2021, has been revised. It now allows industries, establishments, companies, or organizations needing land beyond the prescribed limit to apply for government approval within one year of the bill&#39;s enactment. Minister Bhandari emphasized that the bill aims to facilitate investment by easing land acquisition, supporting the establishment of natural industries in forest areas, and allowing mortgage arrangements to increase industry capacity by up to 50 percent beyond the limit with government approval.</span></span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21044',
			'image' => '20240619034220_Home-Auction-e1564798302267.jpg',
			'article_date' => '2024-06-19 15:41:40',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '21317',
			'article_category_id' => '1',
			'title' => 'NEPSE Gains 2.27 Points to Close at 2078.76',
			'sub_title' => '',
			'summary' => 'The Nepal Stock Exchange (NEPSE) Index saw a slight increase of 2.27 points, or 0.10%, closing at 2078.76 on Wednesday, the third trading day of the week.',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">June 19: The Nepal Stock Exchange (NEPSE) Index saw a slight increase of 2.27 points, or 0.10%, closing at 2078.76 on Wednesday, the third trading day of the week.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">During today&rsquo;s trading session, 308 scrips were traded through 48,706 transactions. A total of 7,209,757 units of shares were exchanged, resulting in a total turnover of Rs 3.40 billion.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal Finance Limited (NFS) led the market in terms of turnover, with total transactions worth Rs 20 crores. NFS also achieved the highest gain of the day at 9.99%, closing at Rs 724 per share.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Conversely, Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) experienced the largest loss, falling by 9.88% to settle at Rs 1460 per share.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In terms of sector performance, about half of the sectors closed in positive territory, while the remaining sectors ended in the red. </span></span><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Banking Subindex, Finance Index, Hydropower Index, Microfinance Index, Non-Life Insurance Index, and Others Index all closed with gains. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On the other hand, the Development Index, Hotels and Tourism Index, Investment Index, Life Insurance Index, Manufacturing and Processing Index, Mutual Fund Index, and Trading Index saw declines.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Finance Index recorded the highest gain among sector indices, rising by 2.62%, while the Trading Index suffered the most significant loss, dropping by 1.32%.</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21043',
			'image' => '20240619032558_collage (36).jpg',
			'article_date' => '2024-06-19 15:24:32',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '42'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '21316',
			'article_category_id' => '1',
			'title' => 'Over 1.8 Million Farmers Enlisted in Farmer Enlisting Programme   ',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Over 1.8 million farmers have been enlisted in the Farmer Enlisting Programme launched by the government in 2077 BS to provide assistance and grants to the farmers.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">KATHMANDU: Over 1.8 million farmers have been enlisted in the Farmer&nbsp;Enlisting Programme launched by the government in 2077 BS to provide assistance and grants to the farmers.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to Information Officer at the Ministry of Agriculture and Livestock Development, Mahananda Joshi, they are collecting details about the farmers&#39; produces and the land used for cultivation among others at present.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Integrated statistics is being collected from all over the country, said Joshi.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The government is planning to provide assistances and in-kind support such as fertilizers, seeds and other facilities to farmers through digital medium.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The Agriculture Information and Training Centre has been coordinating the programme which seeks to create a network of farmers in a single platform for the government to provide services and facilities to them through one-door policy in the most convenient way.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The farmers enlisted in the programme will get identity cards which will be the major basis for receiving state facilities. The government is also planning to launch a mobile application to provide technical support and services to the farmers.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The ministry is collecting information about the farmers through the local governments, said Information Officer Joshi, adding that the programme aims to enlist at least 1.2 million farmers in the upcoming fiscal year. -- RSS </span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21042',
			'image' => '20240619031523_agri maize.jpg',
			'article_date' => '2024-06-19 15:14:45',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '34'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '21315',
			'article_category_id' => '1',
			'title' => 'Jute Industry in Trouble Due to Diplomatic Failure and Production Cuts from Anti-Dumping Duties',
			'sub_title' => '',
			'summary' => 'BIRATNAGAR: A year ago, during his visit to India, Prime Minister Pushpa Kamal Dahal requested Indian Prime Minister Narendra Modi to cancel the anti-dumping duty (ADD) on readymade jute products from Nepal. ',
			'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Bedraj Poudel</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">BIRATNAGAR: A year ago, during his visit to India, Prime Minister Pushpa Kamal Dahal requested Indian Prime Minister Narendra Modi to cancel the anti-dumping duty (ADD) on readymade jute products from Nepal. In 2079 BS, India imposed ADD on ready-made jute from Nepal and Bangladesh, ranging from 3 to 4 percent depending on the product. This duty is typically levied when foreign goods are imported at prices significantly lower than the local market, harming domestic industries.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&quot;I requested Prime Minister Modi to remove the anti-dumping duty imposed on jute produced in Nepal,&quot; Prime Minister Dahal stated in a joint press conference with Modi. Following this high-level appeal, the jute industry in the Sunsari-Morang Industrial Corridor hoped for the duty&#39;s removal.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Industrialists, who anticipated the reopening of closed industries and the flourishing of existing ones, are now disappointed due to the lack of action from the Indian side on the Prime Minister&#39;s request.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">In addition to the ADD, India has imposed a 12.5 percent countervailing duty (CVD) on Nepali jute. As a result, jute industries in the Sunsari-Morang Industrial Corridor have had to cut production. Industries that used to operate three shifts, 24 hours a day, now only run for 8 hours.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Beyond the unresolved ADD issue, industrialists face problems such as economic recession, decreased demand for ready-made goods, irregular electricity supply, and loss of competitiveness in the Indian market.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Raj Kumar Golchha, president of the Nepal Jute Industry Association, and part of the Prime Minister&#39;s delegation to India, initially believed that the visit would positively address the jute industry&#39;s issues. However, he expressed disappointment over the lack of progress on removing the duties for the past year.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Approximately 30,000 workers are employed across the five jute mills operating in the Sunsari-Morang Industrial Corridor. Six other mills remain closed. If the Indian government removes the ADD, these six closed mills could reopen. Nepali industrialists currently pay Rs 300 million annually to the Indian government in anti-dumping charges. Nepal imports over 50 percent of its raw jute from India and exports finished products back to the Indian market, holding only a 2 percent share of the Indian jute market. Both the technology and raw materials used are sourced from India.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Although India mandates the use of jute sacks for food packaging, its production is insufficient, leading to the use of plastic sacks as well. Nepali jute products complement this Indian policy, prompting Golchha to demand the cancellation of the ADD on Nepali jute products.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Due to the ADD, Nepali products struggle to compete with Indian products. Industrialists urge the Government of Nepal to negotiate directly with India. The Indian government reviews these duties every five years, and it has been five years since the imposition of ADD on Nepali jute products.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Ramesh Rathi, a member of the Federation of Nepalese Chamber of Commerce and Industry and owner of Swastik Jute, stated that resolving the tariff issue through negotiations with India would relieve the industry. He noted that canceling the duty would increase production capacity and employment in the jute industry.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">India imposed a 12.5 percent CVD on Nepali jute products on July 17, 2015. The jute industry protested this duty to the Indian government. On December 16, 2016, the industry filed a protest letter with India&#39;s revenue department, and from that day, the CVD amount was held as a bond at customs. The Indian government withdrew the CVD on April 20, 2017. However, the bond amount, totaling Rs 20 million, has not been returned according to industry rules.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Due to the ongoing ADD, Nepali products cannot compete with Indian products, leading industrialists to call for direct government negotiations with India.</span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21041',
			'image' => '20240619013321_20220904040338_20220711053930_jute-sacks-500x500.jpg',
			'article_date' => '2024-06-19 13:32:39',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '21313',
			'article_category_id' => '1',
			'title' => 'Agriculture Sector Needs to Adapt to Climate Change Impacts: Experts',
			'sub_title' => '',
			'summary' => 'CHITWAN: Experts and scientists have emphasized the need for agriculture to adapt to climate change.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">CHITWAN: Experts and scientists have emphasized the need for agriculture to adapt to climate change.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">They made such a remark at the &quot;International Conference on Ecological Impact on Agriculture, Business, and Technology,&quot; organized by the Agriculture and Forestry University in Chitwan on Tuesday. During the conference, experts highlighted climate change as a significant challenge for the agricultural sector&#39;s development.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Speakers noted that increasing snowmelt is causing soil erosion and water supply crises, urging the development of agricultural practices and technologies that can mitigate climate change impacts.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">National Planning Commission Member Dr. Ramesh Chandra Poudel stressed that development activities should be grounded in nature and science. He advocated for a shift in Nepal&#39;s education policy to provide technical and vocational education to up to 70 percent of students.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Similarly, Vice Chancellor of the Agriculture and Forestry University, Prof. Dr. Punya Prasad Regmi, emphasized the need for support to engage university students in research work.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The two-day conference includes participation from experts, professors, and students from Nepal, India, the USA, Indonesia, China, and Australia.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Dr. Rishiram Kattel, Research Director of AFU Research Directorate, mentioned that 100 representatives from various Indian universities and institutions are attending the conference.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Several working papers are being presented and discussed at the event. -- RSS</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21040',
			'image' => '20240619124802_paddyyy-transformed.jpeg',
			'article_date' => '2024-06-19 12:47:15',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '21314',
			'article_category_id' => '266',
			'title' => 'National Life Insurance Company Organises Training for its Employees',
			'sub_title' => '',
			'summary' => 'KATHMANDU: National Life Insurance Company organised a multi-dimensional training for its senior employees in Kathmandu on June 17 and 18 with the objective of promoting a healthy and balanced life.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">KATHMANDU: National Life Insurance Company organised a multi-dimensional training for its senior employees in Kathmandu on June 17 and 18 with the objective of promoting a healthy and balanced life.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">The company expects this training to inspire personal and professional development of the employees, which will in turn benefit the company.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">Issuing a statement, the company said this training will increase the professionalism of both individuals and the organization and motivate employees to work in a healthy environment and provide inspiration for their personality development.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">The training was conducted by the corporate program director of Art of Living Nepal Neeva M Pradhan. Pradhan is a respected international corporate trainer with a highly professional background in the banking sector. </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">She is an expert in managing loan portfolios and conducting management training. </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">&ldquo;Her expertise and experience have provided valuable assistance in making this program a success,&rdquo; the company said.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">In addition, senior trainers Achut Gautam and Samjhana Kharel also played supporting roles in this training program.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">Art of Living has more than forty years of successful experience with such programs and has implemented these programs in approximately 186 countries around the world. The statement added that these programs were prepared in accordance with the wellness model of the World Health Organization. </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">The statement added that the company is confident this program will relieve the participants of illness and stress and promote the overall health and well-being of the employees.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">Pradhan expressed happiness to see the increasing number of organizations that prioritize employees. </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">&ldquo;Our overall training package is designed to provide maximum and sustainable benefits to both individuals and organizations,&rdquo; said Pradhan, adding, &ldquo;The organization is committed to conducting additional training sessions after the completion of the program to ensure maximum return on time and investment.&rdquo; </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">The company&#39;s president Prema Rajya Laxmi Singh and the president of Art of Living Nepal Siddheshwar Kumar Singh were present at the closing ceremony of the program.</span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21039',
			'image' => '20240619011244_PR-1536x855.jpg',
			'article_date' => '2024-06-19 13:11:54',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '34'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '21311',
			'article_category_id' => '1',
			'title' => 'Nepal Seeks More Concessions from World Bank during IDA Meeting',
			'sub_title' => '',
			'summary' => 'KATHMANDU: The Government of Nepal has initiated lobbying with the World Bank to secure more concessional assistance, anticipating the loss of various concessions once the country upgrades from the status of least developed country in 2026.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">KATHMANDU: The Government of Nepal has initiated lobbying with the World Bank to secure more concessional assistance, anticipating the loss of various concessions once the country upgrades from the status of least developed country in 2026. The country aims to achieve sustainable development goals and secure additional concessional resources for large infrastructure projects. This lobbying effort is taking place at the 21st Replenishment Meeting of the International Development Association (IDA) under the World Bank Group, which began in Kathmandu on Tuesday.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The International Development Association (IDA) is working with donors and borrowing countries to replenish resources that will be used to deliver on global development goals during the ongoing meeting from June 18-21. The World Bank has indicated that IDA will aim to raise the highest amount of resources within a three-year period.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">As the host country, Nepal is taking initiatives to secure more concessional resources from IDA. In the opening session on Tuesday, Prime Minister Pushpa Kamal Dahal emphasized that Nepal requires more support to achieve its various goals. Despite integrated efforts for inclusive economic development, there is a shortage of financial resources for sustainable development goals (SDG), nationally determined contributions (NDC), and sustainable infrastructure development due to resource constraints and increasing debt obligations.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The Sustainable Development Goals encompass various socio-economic development targets, while the NDC outlines steps to mitigate the impact of climate change.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Prime Minister Dahal stated that the government&#39;s priority is to mobilize private capital, attract foreign investment, boost economic activity, and increase internal revenue, as domestic resources alone are insufficient for these purposes.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">As Nepal transitions to a developing country status in 2026, securing concessional loans may become challenging. Therefore, Nepal is emphasizing the need for subsidized loans. &quot;Concessions are very important for an underdeveloped country like Nepal,&quot; Prime Minister Dahal remarked. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">During the four-day meeting, officials from the Ministry of Finance, Nepal will focus on obtaining more aid and subsidized loans. Nepal&#39;s upgrade to a developing country status will be followed by a five-year transition period to bolster its economic standing.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">&quot;During this time, Nepal needs more assistance than the concessional loans currently available annually,&quot; an official stated, &quot;And we will take the initiative at this meeting.&quot;</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Nepal will advocate for aid to be allocated to specific programs rather than projects, granting the government more flexibility in implementation. Prime Minister Dahal emphasized the importance of program-based assistance, noting that this approach enhances the ownership and engagement of the beneficiary country with the support of donors. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">At the meeting, Axel Van Trotsenberg, senior managing director of the World Bank, noted that IDA acts as a mediator between donor and beneficiary countries to mobilize financial resources. &quot;This meeting will decide how to proceed in a planned manner for the next decade, not just now,&quot; he said.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Sangita Shrestha, a businesswoman, highlighted that although Nepal is rich geographically, culturally, and ecologically, it is highly vulnerable to natural disasters and climate change effects. She urged development partners and policymakers to collaborate for the effective mobilization of financial resources for sustainable development in high-risk countries like Nepal. According to the Ministry of Finance, more than 200 representatives from 61 countries, including high-ranking officials like Axel van Trotsenberg, are participating in the meeting.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">During the meeting, concessional loans, grant aid, priority areas, policy frameworks, outcome blueprints, and the financial resources required will be discussed with donor countries for the period from July 2025 to June 2028. Officials also mentioned that there is a schedule for on-site visits to nine projects in Nepal related to education, drinking water, reconstruction, energy, climate, and other sectors, supported by the World Bank.</span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => 'IDA, meeting, World, Bank, Nepal, concession',
			'description' => '',
			'sortorder' => '21037',
			'image' => '20240619105403_PRO_KTM_PRACHANDA_066A6791.jpg',
			'article_date' => '2024-06-19 10:53:02',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '21310',
			'article_category_id' => '1',
			'title' => 'MPs Unhappy About Budget Disparity Under Ministry of Physical Infrastructure',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Members of Parliament have voiced their dissatisfaction with the budget allocation under the Ministry of Physical Infrastructure and Transport.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">KATHMANDU: Members of Parliament have voiced their dissatisfaction with the budget allocation under the Ministry of Physical Infrastructure and Transport.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">During a discussion on the Appropriation Bill, 2081, in the House of Representatives on Tuesday, MPs accused the Minister for Physical Infrastructure of concentrating the budget in his constituency. Even MPs from the ruling party raised concerns, alleging that the funds had been distributed based on personal influences.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Tejulal Chaudhary highlighted disparities in budget allocation among districts in the Madhes province and Karnali, as the budget has neglected the latter.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Prabhu Hajara claimed that the Madhes province had received a comparatively higher budget allocation and suggested making the budget more balanced and objective.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Purna Bahadur Tamang also accused the minister of focusing the budget on his district.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Ain Bahadur Shahi Thakuri criticized the minister for not allocating budget to districts still lacking road infrastructure.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Badri Prasad Pandey argued that the budget undermined equitable development, while MP Mahesh Bartaula complained about the insufficient prioritization of development in Makwanpur. He specifically demanded more funds for the early completion of the Chitlang-Thankot road. -- RSS</span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21036',
			'image' => '20240619103608_Parliament.jpg',
			'article_date' => '2024-06-19 10:35:01',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '21309',
			'article_category_id' => '1',
			'title' => ''Promote Entrepreneurship Based on Locally-Available Raw Materials'',
			'sub_title' => '',
			'summary' => 'Nepalgunj: Minister for Energy, Water Resources and Irrigation of Lumbini Province, Krishna KC, has called upon one and all to promote entrepreneurship based on locally-available raw materials. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepalgunj: Minister for Energy, Water Resources and Irrigation of Lumbini Province, Krishna KC, has called upon one and all to promote entrepreneurship based on locally-available raw materials. He made this appeal during a one-day training on financial literacy and entrepreneurship for women entrepreneurs, organized by New Business Age in Nepalgunj on Tuesday.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Speaking as the chief guest, Minister KC highlighted that the Lumbini state government has allocated Rs 250 million for interest subsidies for women entrepreneurs and Rs 200 million for concessional loans at a 5 percent interest rate.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">After attending the training and listening carefully to the presentations, Minister KC said, &quot;If you have the willpower and interest, you can succeed in entrepreneurship.&quot; He expressed his enthusiasm about the program and committed to facilitating and coordinating support for women entrepreneurs. &quot;I will personally see what the Lumbini state government can do to help women entrepreneurs,&quot; he affirmed.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Madan Lamsal, chairman of the program and editor-in-chief of New Business Age, expressed his happiness about the increasing presence of women in business in Nepal. &quot;But women still need to work more to take charge of large industries and businesses. For this, the government and the private sector need to work together,&quot; he stated.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Our business journalism is focused on promoting entrepreneurship in the country,&rdquo; Lamsal added. &ldquo;I am glad that New Business Age has been organizing such workshops across the country for a few years to train women in financial literacy and entrepreneurship.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Former executive director of Nepal Rastra Bank, Uma Joshi Bohora, emphasized that success in business requires more than just investment. Entrepreneurs need to learn various skills like production, pricing, and marketing to achieve success.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Ashok Kumar Bhujel, another speaker at the program, noted the importance of discipline in business. &quot;He who pays attention to his own management can manage his business well,&quot; he said. Instead of posting idle contents on Facebook, Bhujel advised posting about products or services to promote business.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Sagun Khanal mentioned that Nepal has started exporting traditional foods like <em>gundruk</em> and <em>sinki</em>. &ldquo;Even leaf plates can be exported. But to run your business smoothly and receive discounts and benefits from various agencies, you should register with the appropriate government agencies,&rdquo; he explained. Khanal provided detailed information on becoming a successful entrepreneur and accessing various facilities offered by government agencies and banks.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Kiran Rana Magar, head of Siddhartha Bank&rsquo;s Nepalgunj branch, informed that the bank provides loans to women entrepreneurs, but they must fulfill certain criteria to qualify.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">President of Women Entrepreneurs Association, Banke, Sabitra Devi Basnet, thanked the organizers, sponsors, and stakeholders, saying the training was very useful for women entrepreneurs. She also requested that such training should be extended to at least three consecutive days instead of just one day.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Around 115 women entrepreneurs attended the program at Siddharth Cottage, Nepalgunj, including officials from the Nepal Chamber of Commerce, Banke; Women Vice President Mandira Pandey; Central Treasurer of the Federation of Women Entrepreneurs Association of Nepal Sabita Subedi, and officials from the Nepal Cottage and Small Industries Federation, Banke. The event was sponsored by Siddhartha Bank.</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-18',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21035',
			'image' => '20240618091528_DSC03908.JPG',
			'article_date' => '2024-06-18 21:14:47',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '34'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '21308',
			'article_category_id' => '1',
			'title' => 'NEPSE Declines by 18.76 Points to Close at 2076.49',
			'sub_title' => '',
			'summary' => 'The Nepal Stock Exchange (NEPSE) Index fell by 18.76 points, closing at 2076.49 on Tuesday, the second trading day of the week. The trading day began with the NEPSE Index at 2,098.6 points, peaking at an intraday high of 2,099.02 points and dipping to a low of 2,073.91 points before closing at 2,076.49 points.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">June 18: The Nepal Stock Exchange (NEPSE) Index fell by 18.76 points, closing at 2076.49 on Tuesday, the second trading day of the week.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The trading day began with the NEPSE Index at 2,098.6 points, peaking at an intraday high of 2,099.02 points and dipping to a low of 2,073.91 points before closing at 2,076.49 points.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">During today&rsquo;s trading session, 318 scrips were traded through 58,119 transactions. As many as 9,544,734 units of shares changed their hands, relsuting into a total turnover of Rs 4.05 billion. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) hit the upper circuit limit, soaring by 10% to close at Rs. 2,409. In contrast, Manakamana Smart Lagubitta Bittiya Sanstha (MKLB) and &nbsp;Kutheli Bukhari Small Hydropower Limited(KBSH) experienced the highest declines, each dropping by 10%.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In terms of sector indices, all sector indices ended the day in negative territory. The &quot;Banking Index&quot; suffered the most, falling by 1.16%, while the &quot;Manufacturing and Processing Index&quot; recorded the smallest loss of 0.52%.</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-18',
			'modified' => '2024-06-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21034',
			'image' => '20240618034937_collage (35).jpg',
			'article_date' => '2024-06-18 15:48:12',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '42'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '21307',
			'article_category_id' => '1',
			'title' => 'Monsoon Slowly Spreading Across the Nation, Could Take Some More Days to Reach Western Nepal',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Although it has already been a week since this year's monsoon entered Nepal, the monsoon system is advancing at a slow pace.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">KATHMANDU: Although it has already been a week since this year&#39;s monsoon entered Nepal, the monsoon system is advancing at a slow pace. It could take around a week or more to reach nationwide, the Department of Hydrology and Meteorology said.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Senior Meteorologist at the Department Prativa Manandhar said that currently the monsoon is active in the north and east parts of the Koshi Province adding that most of the districts in the province are receiving rainfall.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to Manandhar, it could take some more days for the monsoon to arrive in Kathmandu since the speed of the monsoon is very slow. &quot;It is advancing towards the west but at a very slow pace,&quot; she added.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">She shared that it could take two to three days to arrive in Kathmandu and then five to seven days to reach Sudurpaschim Province. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">This year, the monsoon entered Nepal from eastern Nepal&rsquo;s Koshi Province on June 10, three days ahead of the expected date.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to forecasts made by the division, the monsoon season this year is expected to bring 35 to 55 percent more rainfall than the average.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">More than 1.8 million people are likely to be affected by the monsoon this year, according to the National Disaster Risk Reduction and Management Authority (NDRRMA).&nbsp;&nbsp;&nbsp; A situation might surface where 83,000 families would be directly affected and 18,000 households need to be rescued and provided with relief, NDRRMA said recently. -- RSS&nbsp; </span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-18',
			'modified' => '2024-06-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21033',
			'image' => '20240618112527_20240610063405_20240604114336_20210626022910_Monsoon.jpeg',
			'article_date' => '2024-06-18 11:24:46',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '21305',
			'article_category_id' => '1',
			'title' => 'Farmers again Deprived of Fertilizers which Remain Stocked in Govt Warehouses',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Despite adequate stocking of chemical fertilizers for annual crops, farmers have been deprived of them. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">KATHMANDU: Despite adequate stocking of chemical fertilizers for annual crops, farmers have been deprived of them. With the arrival of the monsoon, farmers in various parts of the country have started planting paddy without access to fertilizers. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to the Ministry of Agriculture and Livestock Development, about 250,000 metric tons of fertilizer are required for annual crops. Currently, 94,500 metric tons of fertilizer are in the government warehouses.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The ministry informed that an additional 131,000 metric tons of fertilizer is being imported. Over 75,000 tons of chemical fertilizers are expected to reach Nepal within the third week of June, and another 25,000 tons will be shipped from China at around the same time. Thus, the government claims that sufficient chemical fertilizers will be available by the time of rice plantation in the country.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">With the onset of the monsoon, paddy planting has started in various parts of the Terai. However, farmers have begun planting paddy without fertilizer. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Agni Aryal, former coordinator of the Paddy Superzone in Rajapur, Bardiya, complained about the lack of fertilizer for farmers.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Fertilizer is sold and distributed through cooperatives, but a cooperative typically receives only 40 bags of fertilizer, which is insufficient for its 200-300 members. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&quot;Even those who get fertilizer receive only 5-7 kg,&quot; Aryal said, adding, &quot;A single farmer cultivates paddy on 3-4 bighas of land. What can they do with 5-7 kg of fertilizer?&quot;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Due to the insufficient supply of fertilizers by the government, most of the farmers depend on smuggled fertilizers from India. Although there has been no rain in western Terai&#39;s Banke, Bardiya, Kailali, and Kanchanpur, farmers have begun planting paddy since late May in areas with irrigation facility.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Farmers in Madhesh and Koshi provinces of eastern Terai face similar issues. Bhuvaneshwar Yadav, a farmer from Rautahat, prepared to plant paddy on five bighas of land but lamented the lack of adequate fertilizer.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&quot;Fertilizer is not available even in cooperatives. Even if it comes, only those with access get it, making it impossible for everyone to benefit,&quot; he said.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Acknowledging these issues, Joint Secretary of the Ministry, Ram Krishna Shrestha, admitted there is a problem with the fertilizer distribution system in Nepal.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&quot;Although the government warehouses have stocks of fertilizer, farmers cannot access it due to distribution issues. Problems arise when municipalities fail to collect their quota on time and when cooperatives distribute only to their members,&quot; he explained.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Preparation of Revised Guidelines to Facilitate Distribution</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">To address these issues, the government plans to amend the guidelines to facilitate fertilizer distribution. The government has formed a committee, coordinated headed by the ministry&rsquo;s Joint Secretary Ram Krishna Shrestha for this purpose. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Despite the rights given to the provincial and local governments to distribute fertilizer through the Agricultural Inputs Company Limited and the Salt Trading Corporation, there are frequent complaints from farmers about the unavailability of fertilizer at the local level. Therefore, the government has initiated the process of amending the law to streamline distribution.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The committee is working to revise the Subsidized Fertilizer Distribution Guideline, 2077, to make fertilizer distribution more effective across local, provincial, and federal levels, with implementation expected from mid-July.</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-18',
			'modified' => '2024-06-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21032',
			'image' => '20240618105506_20230727010535_1690421631.2023-07-27 07.17.16_11zon.jpg',
			'article_date' => '2024-06-18 10:54:20',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	)
)
$current_user = null
$logged_in = false
simplexml_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

file not found!

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' => '21322',
			'article_category_id' => '236',
			'title' => 'Hansraj Hulaschand and Co Launches Pulsar N150 in Nepal',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Hansraj Hulaschand & Co Pvt Ltd, the sole authorized distributor of Bajaj motorcycles in Nepal, has announced the launch of the all-new Pulsar N150.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">KATHMANDU: Hansraj Hulaschand &amp; Co Pvt Ltd, the sole authorized distributor of Bajaj motorcycles in Nepal, has announced the launch of the all-new Pulsar N150. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Issuing a recent statement, the company said that the Pulsar N150 is designed for riders who seek a bike with a balanced character, ideal for both everyday commuting and enjoyable rides.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Abhimanyu Golchha, director of Golchha Group, stated that Pulsar bikes have set new benchmarks in Nepal since the day of its launch, and also globally, making Pulsar one of the most loved motorcycling brands across 70 countries. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The company further said that the Pulsar N150 has been introduced under the theme &lsquo;Balanced Power&rsquo; which captures the essence of a bike that offers both performance and practicality.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to the company, the major highlight of this motorbike is the digital console with bluetooth connectivity for call and SMS alerts, enhancing the overall riding experience. Moreover, it also comes with practical amenities such as a USB charging port. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Similarly, its fuel injection system and BS6 make this bike more efficient, added the statement.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">&ldquo;The Pulsar N150 boasts a sleek design with an aerodynamic 3D front embodying sculptural purity, finished in a dynamic interplay of metalized dual colors. Equipped with a powerful yet smooth 149.68 cc engine, the Pulsar N150 generates 14.5 PS of power and 13.5 Nm of torque, ensuring an exhilarating ride with an impressive mileage of 48 kmpl,&rdquo; Reads the statement.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The bike features an LED projector headlamp that offers unmatched illumination and precise beam for better safety, said the company adding, &ldquo;The Pulsar N150 comes with single-channel ABS, enhancing its safety profile. The Pulsar N150 rides on 17-inch alloy wheels with tubeless tyres, providing good road grip and stability.&rdquo;</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The Pulsar N150 features several advanced components including a digital speedometer, tachometer, trip meter, and odometer. It supports USB charging and offers a clock and a distance-to-empty indicator for added convenience, said the company. Additionally, the vehicle integrates with the &quot;cat&quot; notification system and the Hide Connect app, enhancing connectivity. The bike has a single-seat type, a single tubular handle type, and comes equipped with a passenger footrest.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">With a kerb weight of 145 kg, the Pulsar N150 offers a stable and comfortable ride, the company further stated. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">&ldquo;It has a fuel capacity of 14 liters, making it suitable for long rides without frequent refueling. The bike&rsquo;s braking system includes a 260 mm front disc brake and a 130 mm rear drum brake, ensuring effective stopping power.&rdquo;</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to the company, the Pulsar N150 is available in the Nepali market at a price of&nbsp; Rs 359,900.</span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-20',
			'modified' => '2024-06-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21047',
			'image' => '20240620010020_IMG I.jpeg',
			'article_date' => '2024-06-20 12:59:09',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '21320',
			'article_category_id' => '1',
			'title' => 'Dairy Farmers Demand Overdue Payment with DDC   ',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Dairy farmers have demanded the Dairy Development Corporation (DDC) to settle their outstanding dues immediately.   ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">KATHMANDU: Dairy farmers have demanded the Dairy Development Corporation (DDC) to settle their outstanding dues immediately.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The farmers demonstrated in front of the office of the DDC at Lainchaur, Kathmandu on Wednesday demanding a fair price for the milk they sell.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The protest programme was led by the Central Dairy Cooperatives Association. The association&#39;s Treasurer Bal Krishna Uprety shared that the payment of milk has been pending for seven months and thus they staged protest demanding the overdue payment with the DDC.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to him, dairy farmers all over the country are yet to get their overdue payment worth around Rs 7 billion. The DDC alone owes them Rs 2.5 billion.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">DDC&#39;s Officiating General-Manager and Information Officer Rajendra Prasad Adhikari shared that they were having problems in payment to the dairy farmers since the products made from milk have not been sold out.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to him, they were identifying the potential areas to sell the products to settle the due amount. He pledged that the problem shall be addressed within two months.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Police detained more than 40 dairy farmers who reached the DDC demanding their payment. -- RSS&nbsp; </span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-20',
			'modified' => '2024-06-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21046',
			'image' => '20240620112658_20210714055638_Dairy.jpg',
			'article_date' => '2024-06-20 11:26:15',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '21319',
			'article_category_id' => '1',
			'title' => 'World Bank Announces New Country Director for Maldives, Nepal, and Sri Lanka',
			'sub_title' => '',
			'summary' => 'KATHMANDU: The World Bank has announced David Sislen as its new Country Director for the Maldives, Nepal, and Sri Lanka, effective from July 1, 2024.KATHMANDU: The World Bank has announced David Sislen as its new Country Director for the Maldives, Nepal, and Sri Lanka, effective from July 1, 2024.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">KATHMANDU: The World Bank has announced David Sislen as its new Country Director for the Maldives, Nepal, and Sri Lanka, effective from July 1, 2024.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Sislen succeeds Faris Hadad-Zervos, who will be taking on a new World Bank assignment. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Sislen, a dual national of the US and Italy, joined the Bank in 2001 as an Economist in the Urban Cluster Unit and has since held various operational and managerial positions in different regions, the World Bank said in a statement. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">His most recent assignment is as Practice Manager for Urban, Disaster Risk Management, and Land in the Latin America and Caribbean Region, based in Washington DC, the statement added.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;I am looking forward to my new role and meeting with all our stakeholders and partners soon,&rdquo; said the statement quoted Sislen as saying.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;My key priority will be to lead the strategic dialogue to shape and implement operational engagements in line with the Bank&rsquo;s focus on speed, scale, and impact, working closely with the government, development partners, and diverse stakeholders.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The statement added that Sislen will oversee the World Bank portfolio in Maldives, Nepal, and Sri Lanka of around $4.8 billion.</span></span></p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21045',
			'image' => '20240619100350_20240215010906_World (1).jpg',
			'article_date' => '2024-06-19 22:02:58',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '21318',
			'article_category_id' => '1',
			'title' => 'Bankers Unhappy with Investment Facilitation Replacement Bill',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Bankers have expressed concerns about a provision in the Investment Facilitation Bill, which requires banks to sell mortgaged properties within three years if they are not auctioned. ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">KATHMANDU: Bankers have expressed concerns about a provision in the Investment Facilitation Bill, which requires banks to sell mortgaged properties within three years if they are not auctioned. They argue that this could lower land prices and hinder loan recovery.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Sudesh Khaling, CEO of Everest Bank, noted an increasing trend among large borrowers to avoid repaying loans by resorting to litigation, which often takes a long time to resolve. &quot;With such cases dragging on, it is challenging to complete auctions within the government&#39;s timeframe,&quot; he said. Khaling added that some borrowers believe they do not need to repay loans from banks and financial institutions, leading to increased litigation and financial strain on banks.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Due to difficulties in loan recovery, banks have been forced to invest in non-banking assets when they cannot sell mortgaged properties. The Land Revenue Office&#39;s restrictions on selling such acquired land led the government to amend the Land Act through an ordinance. This ordinance, approved by Parliament, was subsequently replaced with a bill presented to the House of Representatives.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The bill amending the land-related act mandates that banks and financial institutions must sell unsold mortgaged properties within three years if they exceed a specified limit. &quot;When auctioning land mortgaged for loan security, banks, financial institutions, or cooperatives must sell such land within three years of acquisition if they exceed the limit,&quot; the bill states.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">This provision will impact banks with significant non-banking assets. Bankers argue that forced sales within a short timeframe will lower the market value of the land, depriving banks of potential benefits. If the land is not sold within the specified period, the bill requires approval from the government to proceed with the sale.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Bankers have questioned the necessity of government approval. &quot;The requirement for government &#39;approval&#39; is unclear; we don&#39;t understand the intent,&quot; CEO Khaling remarked.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Former banker Bhuvan Dahal argued that banks and financial institutions should not face difficulties due to the ordinance and its replacement bill, which mandate the sale of unsold securities beyond the auction limit. He acknowledged that, under normal circumstances, auctions could be completed within three years, but litigation or falling land prices could prevent this. &quot;The three-year period should exclude litigation time,&quot; he said, suggesting banks be granted additional time when necessary.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Conversely, government officials argue that the provision aims to curb random auctions that have adversely affected many debtors. A senior official involved in drafting the bill noted that some major commercial banks have been unfairly pressuring borrowers. &quot;This measure is intended to prevent arbitrary auction notices from banks,&quot; the official said.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">In the bill to amend some Nepal Acts related to investment facilitation, presented by Minister for Industry, Commerce, and Supplies Damodar Bhandari, the Land Act, 2021, has been revised. It now allows industries, establishments, companies, or organizations needing land beyond the prescribed limit to apply for government approval within one year of the bill&#39;s enactment. Minister Bhandari emphasized that the bill aims to facilitate investment by easing land acquisition, supporting the establishment of natural industries in forest areas, and allowing mortgage arrangements to increase industry capacity by up to 50 percent beyond the limit with government approval.</span></span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21044',
			'image' => '20240619034220_Home-Auction-e1564798302267.jpg',
			'article_date' => '2024-06-19 15:41:40',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '21317',
			'article_category_id' => '1',
			'title' => 'NEPSE Gains 2.27 Points to Close at 2078.76',
			'sub_title' => '',
			'summary' => 'The Nepal Stock Exchange (NEPSE) Index saw a slight increase of 2.27 points, or 0.10%, closing at 2078.76 on Wednesday, the third trading day of the week.',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">June 19: The Nepal Stock Exchange (NEPSE) Index saw a slight increase of 2.27 points, or 0.10%, closing at 2078.76 on Wednesday, the third trading day of the week.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">During today&rsquo;s trading session, 308 scrips were traded through 48,706 transactions. A total of 7,209,757 units of shares were exchanged, resulting in a total turnover of Rs 3.40 billion.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal Finance Limited (NFS) led the market in terms of turnover, with total transactions worth Rs 20 crores. NFS also achieved the highest gain of the day at 9.99%, closing at Rs 724 per share.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Conversely, Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) experienced the largest loss, falling by 9.88% to settle at Rs 1460 per share.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In terms of sector performance, about half of the sectors closed in positive territory, while the remaining sectors ended in the red. </span></span><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Banking Subindex, Finance Index, Hydropower Index, Microfinance Index, Non-Life Insurance Index, and Others Index all closed with gains. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On the other hand, the Development Index, Hotels and Tourism Index, Investment Index, Life Insurance Index, Manufacturing and Processing Index, Mutual Fund Index, and Trading Index saw declines.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Finance Index recorded the highest gain among sector indices, rising by 2.62%, while the Trading Index suffered the most significant loss, dropping by 1.32%.</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21043',
			'image' => '20240619032558_collage (36).jpg',
			'article_date' => '2024-06-19 15:24:32',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '42'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '21316',
			'article_category_id' => '1',
			'title' => 'Over 1.8 Million Farmers Enlisted in Farmer Enlisting Programme   ',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Over 1.8 million farmers have been enlisted in the Farmer Enlisting Programme launched by the government in 2077 BS to provide assistance and grants to the farmers.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">KATHMANDU: Over 1.8 million farmers have been enlisted in the Farmer&nbsp;Enlisting Programme launched by the government in 2077 BS to provide assistance and grants to the farmers.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to Information Officer at the Ministry of Agriculture and Livestock Development, Mahananda Joshi, they are collecting details about the farmers&#39; produces and the land used for cultivation among others at present.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Integrated statistics is being collected from all over the country, said Joshi.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The government is planning to provide assistances and in-kind support such as fertilizers, seeds and other facilities to farmers through digital medium.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The Agriculture Information and Training Centre has been coordinating the programme which seeks to create a network of farmers in a single platform for the government to provide services and facilities to them through one-door policy in the most convenient way.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The farmers enlisted in the programme will get identity cards which will be the major basis for receiving state facilities. The government is also planning to launch a mobile application to provide technical support and services to the farmers.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The ministry is collecting information about the farmers through the local governments, said Information Officer Joshi, adding that the programme aims to enlist at least 1.2 million farmers in the upcoming fiscal year. -- RSS </span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21042',
			'image' => '20240619031523_agri maize.jpg',
			'article_date' => '2024-06-19 15:14:45',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '34'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '21315',
			'article_category_id' => '1',
			'title' => 'Jute Industry in Trouble Due to Diplomatic Failure and Production Cuts from Anti-Dumping Duties',
			'sub_title' => '',
			'summary' => 'BIRATNAGAR: A year ago, during his visit to India, Prime Minister Pushpa Kamal Dahal requested Indian Prime Minister Narendra Modi to cancel the anti-dumping duty (ADD) on readymade jute products from Nepal. ',
			'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Bedraj Poudel</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">BIRATNAGAR: A year ago, during his visit to India, Prime Minister Pushpa Kamal Dahal requested Indian Prime Minister Narendra Modi to cancel the anti-dumping duty (ADD) on readymade jute products from Nepal. In 2079 BS, India imposed ADD on ready-made jute from Nepal and Bangladesh, ranging from 3 to 4 percent depending on the product. This duty is typically levied when foreign goods are imported at prices significantly lower than the local market, harming domestic industries.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&quot;I requested Prime Minister Modi to remove the anti-dumping duty imposed on jute produced in Nepal,&quot; Prime Minister Dahal stated in a joint press conference with Modi. Following this high-level appeal, the jute industry in the Sunsari-Morang Industrial Corridor hoped for the duty&#39;s removal.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Industrialists, who anticipated the reopening of closed industries and the flourishing of existing ones, are now disappointed due to the lack of action from the Indian side on the Prime Minister&#39;s request.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">In addition to the ADD, India has imposed a 12.5 percent countervailing duty (CVD) on Nepali jute. As a result, jute industries in the Sunsari-Morang Industrial Corridor have had to cut production. Industries that used to operate three shifts, 24 hours a day, now only run for 8 hours.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Beyond the unresolved ADD issue, industrialists face problems such as economic recession, decreased demand for ready-made goods, irregular electricity supply, and loss of competitiveness in the Indian market.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Raj Kumar Golchha, president of the Nepal Jute Industry Association, and part of the Prime Minister&#39;s delegation to India, initially believed that the visit would positively address the jute industry&#39;s issues. However, he expressed disappointment over the lack of progress on removing the duties for the past year.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Approximately 30,000 workers are employed across the five jute mills operating in the Sunsari-Morang Industrial Corridor. Six other mills remain closed. If the Indian government removes the ADD, these six closed mills could reopen. Nepali industrialists currently pay Rs 300 million annually to the Indian government in anti-dumping charges. Nepal imports over 50 percent of its raw jute from India and exports finished products back to the Indian market, holding only a 2 percent share of the Indian jute market. Both the technology and raw materials used are sourced from India.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Although India mandates the use of jute sacks for food packaging, its production is insufficient, leading to the use of plastic sacks as well. Nepali jute products complement this Indian policy, prompting Golchha to demand the cancellation of the ADD on Nepali jute products.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Due to the ADD, Nepali products struggle to compete with Indian products. Industrialists urge the Government of Nepal to negotiate directly with India. The Indian government reviews these duties every five years, and it has been five years since the imposition of ADD on Nepali jute products.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Ramesh Rathi, a member of the Federation of Nepalese Chamber of Commerce and Industry and owner of Swastik Jute, stated that resolving the tariff issue through negotiations with India would relieve the industry. He noted that canceling the duty would increase production capacity and employment in the jute industry.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">India imposed a 12.5 percent CVD on Nepali jute products on July 17, 2015. The jute industry protested this duty to the Indian government. On December 16, 2016, the industry filed a protest letter with India&#39;s revenue department, and from that day, the CVD amount was held as a bond at customs. The Indian government withdrew the CVD on April 20, 2017. However, the bond amount, totaling Rs 20 million, has not been returned according to industry rules.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Due to the ongoing ADD, Nepali products cannot compete with Indian products, leading industrialists to call for direct government negotiations with India.</span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21041',
			'image' => '20240619013321_20220904040338_20220711053930_jute-sacks-500x500.jpg',
			'article_date' => '2024-06-19 13:32:39',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '21313',
			'article_category_id' => '1',
			'title' => 'Agriculture Sector Needs to Adapt to Climate Change Impacts: Experts',
			'sub_title' => '',
			'summary' => 'CHITWAN: Experts and scientists have emphasized the need for agriculture to adapt to climate change.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">CHITWAN: Experts and scientists have emphasized the need for agriculture to adapt to climate change.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">They made such a remark at the &quot;International Conference on Ecological Impact on Agriculture, Business, and Technology,&quot; organized by the Agriculture and Forestry University in Chitwan on Tuesday. During the conference, experts highlighted climate change as a significant challenge for the agricultural sector&#39;s development.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Speakers noted that increasing snowmelt is causing soil erosion and water supply crises, urging the development of agricultural practices and technologies that can mitigate climate change impacts.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">National Planning Commission Member Dr. Ramesh Chandra Poudel stressed that development activities should be grounded in nature and science. He advocated for a shift in Nepal&#39;s education policy to provide technical and vocational education to up to 70 percent of students.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Similarly, Vice Chancellor of the Agriculture and Forestry University, Prof. Dr. Punya Prasad Regmi, emphasized the need for support to engage university students in research work.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The two-day conference includes participation from experts, professors, and students from Nepal, India, the USA, Indonesia, China, and Australia.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Dr. Rishiram Kattel, Research Director of AFU Research Directorate, mentioned that 100 representatives from various Indian universities and institutions are attending the conference.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Several working papers are being presented and discussed at the event. -- RSS</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21040',
			'image' => '20240619124802_paddyyy-transformed.jpeg',
			'article_date' => '2024-06-19 12:47:15',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '21314',
			'article_category_id' => '266',
			'title' => 'National Life Insurance Company Organises Training for its Employees',
			'sub_title' => '',
			'summary' => 'KATHMANDU: National Life Insurance Company organised a multi-dimensional training for its senior employees in Kathmandu on June 17 and 18 with the objective of promoting a healthy and balanced life.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">KATHMANDU: National Life Insurance Company organised a multi-dimensional training for its senior employees in Kathmandu on June 17 and 18 with the objective of promoting a healthy and balanced life.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">The company expects this training to inspire personal and professional development of the employees, which will in turn benefit the company.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">Issuing a statement, the company said this training will increase the professionalism of both individuals and the organization and motivate employees to work in a healthy environment and provide inspiration for their personality development.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">The training was conducted by the corporate program director of Art of Living Nepal Neeva M Pradhan. Pradhan is a respected international corporate trainer with a highly professional background in the banking sector. </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">She is an expert in managing loan portfolios and conducting management training. </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">&ldquo;Her expertise and experience have provided valuable assistance in making this program a success,&rdquo; the company said.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">In addition, senior trainers Achut Gautam and Samjhana Kharel also played supporting roles in this training program.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">Art of Living has more than forty years of successful experience with such programs and has implemented these programs in approximately 186 countries around the world. The statement added that these programs were prepared in accordance with the wellness model of the World Health Organization. </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">The statement added that the company is confident this program will relieve the participants of illness and stress and promote the overall health and well-being of the employees.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">Pradhan expressed happiness to see the increasing number of organizations that prioritize employees. </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">&ldquo;Our overall training package is designed to provide maximum and sustainable benefits to both individuals and organizations,&rdquo; said Pradhan, adding, &ldquo;The organization is committed to conducting additional training sessions after the completion of the program to ensure maximum return on time and investment.&rdquo; </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">The company&#39;s president Prema Rajya Laxmi Singh and the president of Art of Living Nepal Siddheshwar Kumar Singh were present at the closing ceremony of the program.</span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21039',
			'image' => '20240619011244_PR-1536x855.jpg',
			'article_date' => '2024-06-19 13:11:54',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '34'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '21311',
			'article_category_id' => '1',
			'title' => 'Nepal Seeks More Concessions from World Bank during IDA Meeting',
			'sub_title' => '',
			'summary' => 'KATHMANDU: The Government of Nepal has initiated lobbying with the World Bank to secure more concessional assistance, anticipating the loss of various concessions once the country upgrades from the status of least developed country in 2026.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">KATHMANDU: The Government of Nepal has initiated lobbying with the World Bank to secure more concessional assistance, anticipating the loss of various concessions once the country upgrades from the status of least developed country in 2026. The country aims to achieve sustainable development goals and secure additional concessional resources for large infrastructure projects. This lobbying effort is taking place at the 21st Replenishment Meeting of the International Development Association (IDA) under the World Bank Group, which began in Kathmandu on Tuesday.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The International Development Association (IDA) is working with donors and borrowing countries to replenish resources that will be used to deliver on global development goals during the ongoing meeting from June 18-21. The World Bank has indicated that IDA will aim to raise the highest amount of resources within a three-year period.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">As the host country, Nepal is taking initiatives to secure more concessional resources from IDA. In the opening session on Tuesday, Prime Minister Pushpa Kamal Dahal emphasized that Nepal requires more support to achieve its various goals. Despite integrated efforts for inclusive economic development, there is a shortage of financial resources for sustainable development goals (SDG), nationally determined contributions (NDC), and sustainable infrastructure development due to resource constraints and increasing debt obligations.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The Sustainable Development Goals encompass various socio-economic development targets, while the NDC outlines steps to mitigate the impact of climate change.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Prime Minister Dahal stated that the government&#39;s priority is to mobilize private capital, attract foreign investment, boost economic activity, and increase internal revenue, as domestic resources alone are insufficient for these purposes.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">As Nepal transitions to a developing country status in 2026, securing concessional loans may become challenging. Therefore, Nepal is emphasizing the need for subsidized loans. &quot;Concessions are very important for an underdeveloped country like Nepal,&quot; Prime Minister Dahal remarked. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">During the four-day meeting, officials from the Ministry of Finance, Nepal will focus on obtaining more aid and subsidized loans. Nepal&#39;s upgrade to a developing country status will be followed by a five-year transition period to bolster its economic standing.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">&quot;During this time, Nepal needs more assistance than the concessional loans currently available annually,&quot; an official stated, &quot;And we will take the initiative at this meeting.&quot;</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Nepal will advocate for aid to be allocated to specific programs rather than projects, granting the government more flexibility in implementation. Prime Minister Dahal emphasized the importance of program-based assistance, noting that this approach enhances the ownership and engagement of the beneficiary country with the support of donors. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">At the meeting, Axel Van Trotsenberg, senior managing director of the World Bank, noted that IDA acts as a mediator between donor and beneficiary countries to mobilize financial resources. &quot;This meeting will decide how to proceed in a planned manner for the next decade, not just now,&quot; he said.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Sangita Shrestha, a businesswoman, highlighted that although Nepal is rich geographically, culturally, and ecologically, it is highly vulnerable to natural disasters and climate change effects. She urged development partners and policymakers to collaborate for the effective mobilization of financial resources for sustainable development in high-risk countries like Nepal. According to the Ministry of Finance, more than 200 representatives from 61 countries, including high-ranking officials like Axel van Trotsenberg, are participating in the meeting.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">During the meeting, concessional loans, grant aid, priority areas, policy frameworks, outcome blueprints, and the financial resources required will be discussed with donor countries for the period from July 2025 to June 2028. Officials also mentioned that there is a schedule for on-site visits to nine projects in Nepal related to education, drinking water, reconstruction, energy, climate, and other sectors, supported by the World Bank.</span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => 'IDA, meeting, World, Bank, Nepal, concession',
			'description' => '',
			'sortorder' => '21037',
			'image' => '20240619105403_PRO_KTM_PRACHANDA_066A6791.jpg',
			'article_date' => '2024-06-19 10:53:02',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '21310',
			'article_category_id' => '1',
			'title' => 'MPs Unhappy About Budget Disparity Under Ministry of Physical Infrastructure',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Members of Parliament have voiced their dissatisfaction with the budget allocation under the Ministry of Physical Infrastructure and Transport.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">KATHMANDU: Members of Parliament have voiced their dissatisfaction with the budget allocation under the Ministry of Physical Infrastructure and Transport.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">During a discussion on the Appropriation Bill, 2081, in the House of Representatives on Tuesday, MPs accused the Minister for Physical Infrastructure of concentrating the budget in his constituency. Even MPs from the ruling party raised concerns, alleging that the funds had been distributed based on personal influences.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Tejulal Chaudhary highlighted disparities in budget allocation among districts in the Madhes province and Karnali, as the budget has neglected the latter.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Prabhu Hajara claimed that the Madhes province had received a comparatively higher budget allocation and suggested making the budget more balanced and objective.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Purna Bahadur Tamang also accused the minister of focusing the budget on his district.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Ain Bahadur Shahi Thakuri criticized the minister for not allocating budget to districts still lacking road infrastructure.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Badri Prasad Pandey argued that the budget undermined equitable development, while MP Mahesh Bartaula complained about the insufficient prioritization of development in Makwanpur. He specifically demanded more funds for the early completion of the Chitlang-Thankot road. -- RSS</span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21036',
			'image' => '20240619103608_Parliament.jpg',
			'article_date' => '2024-06-19 10:35:01',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '21309',
			'article_category_id' => '1',
			'title' => ''Promote Entrepreneurship Based on Locally-Available Raw Materials'',
			'sub_title' => '',
			'summary' => 'Nepalgunj: Minister for Energy, Water Resources and Irrigation of Lumbini Province, Krishna KC, has called upon one and all to promote entrepreneurship based on locally-available raw materials. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepalgunj: Minister for Energy, Water Resources and Irrigation of Lumbini Province, Krishna KC, has called upon one and all to promote entrepreneurship based on locally-available raw materials. He made this appeal during a one-day training on financial literacy and entrepreneurship for women entrepreneurs, organized by New Business Age in Nepalgunj on Tuesday.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Speaking as the chief guest, Minister KC highlighted that the Lumbini state government has allocated Rs 250 million for interest subsidies for women entrepreneurs and Rs 200 million for concessional loans at a 5 percent interest rate.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">After attending the training and listening carefully to the presentations, Minister KC said, &quot;If you have the willpower and interest, you can succeed in entrepreneurship.&quot; He expressed his enthusiasm about the program and committed to facilitating and coordinating support for women entrepreneurs. &quot;I will personally see what the Lumbini state government can do to help women entrepreneurs,&quot; he affirmed.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Madan Lamsal, chairman of the program and editor-in-chief of New Business Age, expressed his happiness about the increasing presence of women in business in Nepal. &quot;But women still need to work more to take charge of large industries and businesses. For this, the government and the private sector need to work together,&quot; he stated.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Our business journalism is focused on promoting entrepreneurship in the country,&rdquo; Lamsal added. &ldquo;I am glad that New Business Age has been organizing such workshops across the country for a few years to train women in financial literacy and entrepreneurship.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Former executive director of Nepal Rastra Bank, Uma Joshi Bohora, emphasized that success in business requires more than just investment. Entrepreneurs need to learn various skills like production, pricing, and marketing to achieve success.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Ashok Kumar Bhujel, another speaker at the program, noted the importance of discipline in business. &quot;He who pays attention to his own management can manage his business well,&quot; he said. Instead of posting idle contents on Facebook, Bhujel advised posting about products or services to promote business.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Sagun Khanal mentioned that Nepal has started exporting traditional foods like <em>gundruk</em> and <em>sinki</em>. &ldquo;Even leaf plates can be exported. But to run your business smoothly and receive discounts and benefits from various agencies, you should register with the appropriate government agencies,&rdquo; he explained. Khanal provided detailed information on becoming a successful entrepreneur and accessing various facilities offered by government agencies and banks.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Kiran Rana Magar, head of Siddhartha Bank&rsquo;s Nepalgunj branch, informed that the bank provides loans to women entrepreneurs, but they must fulfill certain criteria to qualify.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">President of Women Entrepreneurs Association, Banke, Sabitra Devi Basnet, thanked the organizers, sponsors, and stakeholders, saying the training was very useful for women entrepreneurs. She also requested that such training should be extended to at least three consecutive days instead of just one day.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Around 115 women entrepreneurs attended the program at Siddharth Cottage, Nepalgunj, including officials from the Nepal Chamber of Commerce, Banke; Women Vice President Mandira Pandey; Central Treasurer of the Federation of Women Entrepreneurs Association of Nepal Sabita Subedi, and officials from the Nepal Cottage and Small Industries Federation, Banke. The event was sponsored by Siddhartha Bank.</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-18',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21035',
			'image' => '20240618091528_DSC03908.JPG',
			'article_date' => '2024-06-18 21:14:47',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '34'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '21308',
			'article_category_id' => '1',
			'title' => 'NEPSE Declines by 18.76 Points to Close at 2076.49',
			'sub_title' => '',
			'summary' => 'The Nepal Stock Exchange (NEPSE) Index fell by 18.76 points, closing at 2076.49 on Tuesday, the second trading day of the week. The trading day began with the NEPSE Index at 2,098.6 points, peaking at an intraday high of 2,099.02 points and dipping to a low of 2,073.91 points before closing at 2,076.49 points.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">June 18: The Nepal Stock Exchange (NEPSE) Index fell by 18.76 points, closing at 2076.49 on Tuesday, the second trading day of the week.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The trading day began with the NEPSE Index at 2,098.6 points, peaking at an intraday high of 2,099.02 points and dipping to a low of 2,073.91 points before closing at 2,076.49 points.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">During today&rsquo;s trading session, 318 scrips were traded through 58,119 transactions. As many as 9,544,734 units of shares changed their hands, relsuting into a total turnover of Rs 4.05 billion. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) hit the upper circuit limit, soaring by 10% to close at Rs. 2,409. In contrast, Manakamana Smart Lagubitta Bittiya Sanstha (MKLB) and &nbsp;Kutheli Bukhari Small Hydropower Limited(KBSH) experienced the highest declines, each dropping by 10%.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In terms of sector indices, all sector indices ended the day in negative territory. The &quot;Banking Index&quot; suffered the most, falling by 1.16%, while the &quot;Manufacturing and Processing Index&quot; recorded the smallest loss of 0.52%.</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-18',
			'modified' => '2024-06-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21034',
			'image' => '20240618034937_collage (35).jpg',
			'article_date' => '2024-06-18 15:48:12',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '42'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '21307',
			'article_category_id' => '1',
			'title' => 'Monsoon Slowly Spreading Across the Nation, Could Take Some More Days to Reach Western Nepal',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Although it has already been a week since this year's monsoon entered Nepal, the monsoon system is advancing at a slow pace.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">KATHMANDU: Although it has already been a week since this year&#39;s monsoon entered Nepal, the monsoon system is advancing at a slow pace. It could take around a week or more to reach nationwide, the Department of Hydrology and Meteorology said.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Senior Meteorologist at the Department Prativa Manandhar said that currently the monsoon is active in the north and east parts of the Koshi Province adding that most of the districts in the province are receiving rainfall.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to Manandhar, it could take some more days for the monsoon to arrive in Kathmandu since the speed of the monsoon is very slow. &quot;It is advancing towards the west but at a very slow pace,&quot; she added.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">She shared that it could take two to three days to arrive in Kathmandu and then five to seven days to reach Sudurpaschim Province. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">This year, the monsoon entered Nepal from eastern Nepal&rsquo;s Koshi Province on June 10, three days ahead of the expected date.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to forecasts made by the division, the monsoon season this year is expected to bring 35 to 55 percent more rainfall than the average.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">More than 1.8 million people are likely to be affected by the monsoon this year, according to the National Disaster Risk Reduction and Management Authority (NDRRMA).&nbsp;&nbsp;&nbsp; A situation might surface where 83,000 families would be directly affected and 18,000 households need to be rescued and provided with relief, NDRRMA said recently. -- RSS&nbsp; </span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-18',
			'modified' => '2024-06-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21033',
			'image' => '20240618112527_20240610063405_20240604114336_20210626022910_Monsoon.jpeg',
			'article_date' => '2024-06-18 11:24:46',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '21305',
			'article_category_id' => '1',
			'title' => 'Farmers again Deprived of Fertilizers which Remain Stocked in Govt Warehouses',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Despite adequate stocking of chemical fertilizers for annual crops, farmers have been deprived of them. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">KATHMANDU: Despite adequate stocking of chemical fertilizers for annual crops, farmers have been deprived of them. With the arrival of the monsoon, farmers in various parts of the country have started planting paddy without access to fertilizers. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to the Ministry of Agriculture and Livestock Development, about 250,000 metric tons of fertilizer are required for annual crops. Currently, 94,500 metric tons of fertilizer are in the government warehouses.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The ministry informed that an additional 131,000 metric tons of fertilizer is being imported. Over 75,000 tons of chemical fertilizers are expected to reach Nepal within the third week of June, and another 25,000 tons will be shipped from China at around the same time. Thus, the government claims that sufficient chemical fertilizers will be available by the time of rice plantation in the country.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">With the onset of the monsoon, paddy planting has started in various parts of the Terai. However, farmers have begun planting paddy without fertilizer. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Agni Aryal, former coordinator of the Paddy Superzone in Rajapur, Bardiya, complained about the lack of fertilizer for farmers.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Fertilizer is sold and distributed through cooperatives, but a cooperative typically receives only 40 bags of fertilizer, which is insufficient for its 200-300 members. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&quot;Even those who get fertilizer receive only 5-7 kg,&quot; Aryal said, adding, &quot;A single farmer cultivates paddy on 3-4 bighas of land. What can they do with 5-7 kg of fertilizer?&quot;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Due to the insufficient supply of fertilizers by the government, most of the farmers depend on smuggled fertilizers from India. Although there has been no rain in western Terai&#39;s Banke, Bardiya, Kailali, and Kanchanpur, farmers have begun planting paddy since late May in areas with irrigation facility.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Farmers in Madhesh and Koshi provinces of eastern Terai face similar issues. Bhuvaneshwar Yadav, a farmer from Rautahat, prepared to plant paddy on five bighas of land but lamented the lack of adequate fertilizer.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&quot;Fertilizer is not available even in cooperatives. Even if it comes, only those with access get it, making it impossible for everyone to benefit,&quot; he said.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Acknowledging these issues, Joint Secretary of the Ministry, Ram Krishna Shrestha, admitted there is a problem with the fertilizer distribution system in Nepal.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&quot;Although the government warehouses have stocks of fertilizer, farmers cannot access it due to distribution issues. Problems arise when municipalities fail to collect their quota on time and when cooperatives distribute only to their members,&quot; he explained.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Preparation of Revised Guidelines to Facilitate Distribution</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">To address these issues, the government plans to amend the guidelines to facilitate fertilizer distribution. The government has formed a committee, coordinated headed by the ministry&rsquo;s Joint Secretary Ram Krishna Shrestha for this purpose. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Despite the rights given to the provincial and local governments to distribute fertilizer through the Agricultural Inputs Company Limited and the Salt Trading Corporation, there are frequent complaints from farmers about the unavailability of fertilizer at the local level. Therefore, the government has initiated the process of amending the law to streamline distribution.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The committee is working to revise the Subsidized Fertilizer Distribution Guideline, 2077, to make fertilizer distribution more effective across local, provincial, and federal levels, with implementation expected from mid-July.</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-18',
			'modified' => '2024-06-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21032',
			'image' => '20240618105506_20230727010535_1690421631.2023-07-27 07.17.16_11zon.jpg',
			'article_date' => '2024-06-18 10:54:20',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	)
)
$current_user = null
$logged_in = false
$xml = false
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

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 &quot;&quot; [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' => '21322',
			'article_category_id' => '236',
			'title' => 'Hansraj Hulaschand and Co Launches Pulsar N150 in Nepal',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Hansraj Hulaschand & Co Pvt Ltd, the sole authorized distributor of Bajaj motorcycles in Nepal, has announced the launch of the all-new Pulsar N150.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">KATHMANDU: Hansraj Hulaschand &amp; Co Pvt Ltd, the sole authorized distributor of Bajaj motorcycles in Nepal, has announced the launch of the all-new Pulsar N150. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Issuing a recent statement, the company said that the Pulsar N150 is designed for riders who seek a bike with a balanced character, ideal for both everyday commuting and enjoyable rides.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Abhimanyu Golchha, director of Golchha Group, stated that Pulsar bikes have set new benchmarks in Nepal since the day of its launch, and also globally, making Pulsar one of the most loved motorcycling brands across 70 countries. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The company further said that the Pulsar N150 has been introduced under the theme &lsquo;Balanced Power&rsquo; which captures the essence of a bike that offers both performance and practicality.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to the company, the major highlight of this motorbike is the digital console with bluetooth connectivity for call and SMS alerts, enhancing the overall riding experience. Moreover, it also comes with practical amenities such as a USB charging port. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Similarly, its fuel injection system and BS6 make this bike more efficient, added the statement.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">&ldquo;The Pulsar N150 boasts a sleek design with an aerodynamic 3D front embodying sculptural purity, finished in a dynamic interplay of metalized dual colors. Equipped with a powerful yet smooth 149.68 cc engine, the Pulsar N150 generates 14.5 PS of power and 13.5 Nm of torque, ensuring an exhilarating ride with an impressive mileage of 48 kmpl,&rdquo; Reads the statement.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The bike features an LED projector headlamp that offers unmatched illumination and precise beam for better safety, said the company adding, &ldquo;The Pulsar N150 comes with single-channel ABS, enhancing its safety profile. The Pulsar N150 rides on 17-inch alloy wheels with tubeless tyres, providing good road grip and stability.&rdquo;</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The Pulsar N150 features several advanced components including a digital speedometer, tachometer, trip meter, and odometer. It supports USB charging and offers a clock and a distance-to-empty indicator for added convenience, said the company. Additionally, the vehicle integrates with the &quot;cat&quot; notification system and the Hide Connect app, enhancing connectivity. The bike has a single-seat type, a single tubular handle type, and comes equipped with a passenger footrest.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">With a kerb weight of 145 kg, the Pulsar N150 offers a stable and comfortable ride, the company further stated. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">&ldquo;It has a fuel capacity of 14 liters, making it suitable for long rides without frequent refueling. The bike&rsquo;s braking system includes a 260 mm front disc brake and a 130 mm rear drum brake, ensuring effective stopping power.&rdquo;</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to the company, the Pulsar N150 is available in the Nepali market at a price of&nbsp; Rs 359,900.</span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-20',
			'modified' => '2024-06-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21047',
			'image' => '20240620010020_IMG I.jpeg',
			'article_date' => '2024-06-20 12:59:09',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '21320',
			'article_category_id' => '1',
			'title' => 'Dairy Farmers Demand Overdue Payment with DDC   ',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Dairy farmers have demanded the Dairy Development Corporation (DDC) to settle their outstanding dues immediately.   ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">KATHMANDU: Dairy farmers have demanded the Dairy Development Corporation (DDC) to settle their outstanding dues immediately.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The farmers demonstrated in front of the office of the DDC at Lainchaur, Kathmandu on Wednesday demanding a fair price for the milk they sell.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The protest programme was led by the Central Dairy Cooperatives Association. The association&#39;s Treasurer Bal Krishna Uprety shared that the payment of milk has been pending for seven months and thus they staged protest demanding the overdue payment with the DDC.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to him, dairy farmers all over the country are yet to get their overdue payment worth around Rs 7 billion. The DDC alone owes them Rs 2.5 billion.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">DDC&#39;s Officiating General-Manager and Information Officer Rajendra Prasad Adhikari shared that they were having problems in payment to the dairy farmers since the products made from milk have not been sold out.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to him, they were identifying the potential areas to sell the products to settle the due amount. He pledged that the problem shall be addressed within two months.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Police detained more than 40 dairy farmers who reached the DDC demanding their payment. -- RSS&nbsp; </span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-20',
			'modified' => '2024-06-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21046',
			'image' => '20240620112658_20210714055638_Dairy.jpg',
			'article_date' => '2024-06-20 11:26:15',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '21319',
			'article_category_id' => '1',
			'title' => 'World Bank Announces New Country Director for Maldives, Nepal, and Sri Lanka',
			'sub_title' => '',
			'summary' => 'KATHMANDU: The World Bank has announced David Sislen as its new Country Director for the Maldives, Nepal, and Sri Lanka, effective from July 1, 2024.KATHMANDU: The World Bank has announced David Sislen as its new Country Director for the Maldives, Nepal, and Sri Lanka, effective from July 1, 2024.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">KATHMANDU: The World Bank has announced David Sislen as its new Country Director for the Maldives, Nepal, and Sri Lanka, effective from July 1, 2024.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Sislen succeeds Faris Hadad-Zervos, who will be taking on a new World Bank assignment. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Sislen, a dual national of the US and Italy, joined the Bank in 2001 as an Economist in the Urban Cluster Unit and has since held various operational and managerial positions in different regions, the World Bank said in a statement. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">His most recent assignment is as Practice Manager for Urban, Disaster Risk Management, and Land in the Latin America and Caribbean Region, based in Washington DC, the statement added.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;I am looking forward to my new role and meeting with all our stakeholders and partners soon,&rdquo; said the statement quoted Sislen as saying.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;My key priority will be to lead the strategic dialogue to shape and implement operational engagements in line with the Bank&rsquo;s focus on speed, scale, and impact, working closely with the government, development partners, and diverse stakeholders.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The statement added that Sislen will oversee the World Bank portfolio in Maldives, Nepal, and Sri Lanka of around $4.8 billion.</span></span></p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21045',
			'image' => '20240619100350_20240215010906_World (1).jpg',
			'article_date' => '2024-06-19 22:02:58',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '21318',
			'article_category_id' => '1',
			'title' => 'Bankers Unhappy with Investment Facilitation Replacement Bill',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Bankers have expressed concerns about a provision in the Investment Facilitation Bill, which requires banks to sell mortgaged properties within three years if they are not auctioned. ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">KATHMANDU: Bankers have expressed concerns about a provision in the Investment Facilitation Bill, which requires banks to sell mortgaged properties within three years if they are not auctioned. They argue that this could lower land prices and hinder loan recovery.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Sudesh Khaling, CEO of Everest Bank, noted an increasing trend among large borrowers to avoid repaying loans by resorting to litigation, which often takes a long time to resolve. &quot;With such cases dragging on, it is challenging to complete auctions within the government&#39;s timeframe,&quot; he said. Khaling added that some borrowers believe they do not need to repay loans from banks and financial institutions, leading to increased litigation and financial strain on banks.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Due to difficulties in loan recovery, banks have been forced to invest in non-banking assets when they cannot sell mortgaged properties. The Land Revenue Office&#39;s restrictions on selling such acquired land led the government to amend the Land Act through an ordinance. This ordinance, approved by Parliament, was subsequently replaced with a bill presented to the House of Representatives.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The bill amending the land-related act mandates that banks and financial institutions must sell unsold mortgaged properties within three years if they exceed a specified limit. &quot;When auctioning land mortgaged for loan security, banks, financial institutions, or cooperatives must sell such land within three years of acquisition if they exceed the limit,&quot; the bill states.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">This provision will impact banks with significant non-banking assets. Bankers argue that forced sales within a short timeframe will lower the market value of the land, depriving banks of potential benefits. If the land is not sold within the specified period, the bill requires approval from the government to proceed with the sale.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Bankers have questioned the necessity of government approval. &quot;The requirement for government &#39;approval&#39; is unclear; we don&#39;t understand the intent,&quot; CEO Khaling remarked.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Former banker Bhuvan Dahal argued that banks and financial institutions should not face difficulties due to the ordinance and its replacement bill, which mandate the sale of unsold securities beyond the auction limit. He acknowledged that, under normal circumstances, auctions could be completed within three years, but litigation or falling land prices could prevent this. &quot;The three-year period should exclude litigation time,&quot; he said, suggesting banks be granted additional time when necessary.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Conversely, government officials argue that the provision aims to curb random auctions that have adversely affected many debtors. A senior official involved in drafting the bill noted that some major commercial banks have been unfairly pressuring borrowers. &quot;This measure is intended to prevent arbitrary auction notices from banks,&quot; the official said.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">In the bill to amend some Nepal Acts related to investment facilitation, presented by Minister for Industry, Commerce, and Supplies Damodar Bhandari, the Land Act, 2021, has been revised. It now allows industries, establishments, companies, or organizations needing land beyond the prescribed limit to apply for government approval within one year of the bill&#39;s enactment. Minister Bhandari emphasized that the bill aims to facilitate investment by easing land acquisition, supporting the establishment of natural industries in forest areas, and allowing mortgage arrangements to increase industry capacity by up to 50 percent beyond the limit with government approval.</span></span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21044',
			'image' => '20240619034220_Home-Auction-e1564798302267.jpg',
			'article_date' => '2024-06-19 15:41:40',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '21317',
			'article_category_id' => '1',
			'title' => 'NEPSE Gains 2.27 Points to Close at 2078.76',
			'sub_title' => '',
			'summary' => 'The Nepal Stock Exchange (NEPSE) Index saw a slight increase of 2.27 points, or 0.10%, closing at 2078.76 on Wednesday, the third trading day of the week.',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">June 19: The Nepal Stock Exchange (NEPSE) Index saw a slight increase of 2.27 points, or 0.10%, closing at 2078.76 on Wednesday, the third trading day of the week.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">During today&rsquo;s trading session, 308 scrips were traded through 48,706 transactions. A total of 7,209,757 units of shares were exchanged, resulting in a total turnover of Rs 3.40 billion.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal Finance Limited (NFS) led the market in terms of turnover, with total transactions worth Rs 20 crores. NFS also achieved the highest gain of the day at 9.99%, closing at Rs 724 per share.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Conversely, Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) experienced the largest loss, falling by 9.88% to settle at Rs 1460 per share.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In terms of sector performance, about half of the sectors closed in positive territory, while the remaining sectors ended in the red. </span></span><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Banking Subindex, Finance Index, Hydropower Index, Microfinance Index, Non-Life Insurance Index, and Others Index all closed with gains. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On the other hand, the Development Index, Hotels and Tourism Index, Investment Index, Life Insurance Index, Manufacturing and Processing Index, Mutual Fund Index, and Trading Index saw declines.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Finance Index recorded the highest gain among sector indices, rising by 2.62%, while the Trading Index suffered the most significant loss, dropping by 1.32%.</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21043',
			'image' => '20240619032558_collage (36).jpg',
			'article_date' => '2024-06-19 15:24:32',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '42'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '21316',
			'article_category_id' => '1',
			'title' => 'Over 1.8 Million Farmers Enlisted in Farmer Enlisting Programme   ',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Over 1.8 million farmers have been enlisted in the Farmer Enlisting Programme launched by the government in 2077 BS to provide assistance and grants to the farmers.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">KATHMANDU: Over 1.8 million farmers have been enlisted in the Farmer&nbsp;Enlisting Programme launched by the government in 2077 BS to provide assistance and grants to the farmers.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to Information Officer at the Ministry of Agriculture and Livestock Development, Mahananda Joshi, they are collecting details about the farmers&#39; produces and the land used for cultivation among others at present.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Integrated statistics is being collected from all over the country, said Joshi.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The government is planning to provide assistances and in-kind support such as fertilizers, seeds and other facilities to farmers through digital medium.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The Agriculture Information and Training Centre has been coordinating the programme which seeks to create a network of farmers in a single platform for the government to provide services and facilities to them through one-door policy in the most convenient way.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The farmers enlisted in the programme will get identity cards which will be the major basis for receiving state facilities. The government is also planning to launch a mobile application to provide technical support and services to the farmers.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The ministry is collecting information about the farmers through the local governments, said Information Officer Joshi, adding that the programme aims to enlist at least 1.2 million farmers in the upcoming fiscal year. -- RSS </span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21042',
			'image' => '20240619031523_agri maize.jpg',
			'article_date' => '2024-06-19 15:14:45',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '34'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '21315',
			'article_category_id' => '1',
			'title' => 'Jute Industry in Trouble Due to Diplomatic Failure and Production Cuts from Anti-Dumping Duties',
			'sub_title' => '',
			'summary' => 'BIRATNAGAR: A year ago, during his visit to India, Prime Minister Pushpa Kamal Dahal requested Indian Prime Minister Narendra Modi to cancel the anti-dumping duty (ADD) on readymade jute products from Nepal. ',
			'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Bedraj Poudel</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">BIRATNAGAR: A year ago, during his visit to India, Prime Minister Pushpa Kamal Dahal requested Indian Prime Minister Narendra Modi to cancel the anti-dumping duty (ADD) on readymade jute products from Nepal. In 2079 BS, India imposed ADD on ready-made jute from Nepal and Bangladesh, ranging from 3 to 4 percent depending on the product. This duty is typically levied when foreign goods are imported at prices significantly lower than the local market, harming domestic industries.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&quot;I requested Prime Minister Modi to remove the anti-dumping duty imposed on jute produced in Nepal,&quot; Prime Minister Dahal stated in a joint press conference with Modi. Following this high-level appeal, the jute industry in the Sunsari-Morang Industrial Corridor hoped for the duty&#39;s removal.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Industrialists, who anticipated the reopening of closed industries and the flourishing of existing ones, are now disappointed due to the lack of action from the Indian side on the Prime Minister&#39;s request.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">In addition to the ADD, India has imposed a 12.5 percent countervailing duty (CVD) on Nepali jute. As a result, jute industries in the Sunsari-Morang Industrial Corridor have had to cut production. Industries that used to operate three shifts, 24 hours a day, now only run for 8 hours.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Beyond the unresolved ADD issue, industrialists face problems such as economic recession, decreased demand for ready-made goods, irregular electricity supply, and loss of competitiveness in the Indian market.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Raj Kumar Golchha, president of the Nepal Jute Industry Association, and part of the Prime Minister&#39;s delegation to India, initially believed that the visit would positively address the jute industry&#39;s issues. However, he expressed disappointment over the lack of progress on removing the duties for the past year.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Approximately 30,000 workers are employed across the five jute mills operating in the Sunsari-Morang Industrial Corridor. Six other mills remain closed. If the Indian government removes the ADD, these six closed mills could reopen. Nepali industrialists currently pay Rs 300 million annually to the Indian government in anti-dumping charges. Nepal imports over 50 percent of its raw jute from India and exports finished products back to the Indian market, holding only a 2 percent share of the Indian jute market. Both the technology and raw materials used are sourced from India.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Although India mandates the use of jute sacks for food packaging, its production is insufficient, leading to the use of plastic sacks as well. Nepali jute products complement this Indian policy, prompting Golchha to demand the cancellation of the ADD on Nepali jute products.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Due to the ADD, Nepali products struggle to compete with Indian products. Industrialists urge the Government of Nepal to negotiate directly with India. The Indian government reviews these duties every five years, and it has been five years since the imposition of ADD on Nepali jute products.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Ramesh Rathi, a member of the Federation of Nepalese Chamber of Commerce and Industry and owner of Swastik Jute, stated that resolving the tariff issue through negotiations with India would relieve the industry. He noted that canceling the duty would increase production capacity and employment in the jute industry.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">India imposed a 12.5 percent CVD on Nepali jute products on July 17, 2015. The jute industry protested this duty to the Indian government. On December 16, 2016, the industry filed a protest letter with India&#39;s revenue department, and from that day, the CVD amount was held as a bond at customs. The Indian government withdrew the CVD on April 20, 2017. However, the bond amount, totaling Rs 20 million, has not been returned according to industry rules.</span></span></span></p>

<p><span style="font-size:16px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Due to the ongoing ADD, Nepali products cannot compete with Indian products, leading industrialists to call for direct government negotiations with India.</span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21041',
			'image' => '20240619013321_20220904040338_20220711053930_jute-sacks-500x500.jpg',
			'article_date' => '2024-06-19 13:32:39',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '21313',
			'article_category_id' => '1',
			'title' => 'Agriculture Sector Needs to Adapt to Climate Change Impacts: Experts',
			'sub_title' => '',
			'summary' => 'CHITWAN: Experts and scientists have emphasized the need for agriculture to adapt to climate change.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">CHITWAN: Experts and scientists have emphasized the need for agriculture to adapt to climate change.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">They made such a remark at the &quot;International Conference on Ecological Impact on Agriculture, Business, and Technology,&quot; organized by the Agriculture and Forestry University in Chitwan on Tuesday. During the conference, experts highlighted climate change as a significant challenge for the agricultural sector&#39;s development.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Speakers noted that increasing snowmelt is causing soil erosion and water supply crises, urging the development of agricultural practices and technologies that can mitigate climate change impacts.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">National Planning Commission Member Dr. Ramesh Chandra Poudel stressed that development activities should be grounded in nature and science. He advocated for a shift in Nepal&#39;s education policy to provide technical and vocational education to up to 70 percent of students.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Similarly, Vice Chancellor of the Agriculture and Forestry University, Prof. Dr. Punya Prasad Regmi, emphasized the need for support to engage university students in research work.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The two-day conference includes participation from experts, professors, and students from Nepal, India, the USA, Indonesia, China, and Australia.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Dr. Rishiram Kattel, Research Director of AFU Research Directorate, mentioned that 100 representatives from various Indian universities and institutions are attending the conference.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Several working papers are being presented and discussed at the event. -- RSS</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21040',
			'image' => '20240619124802_paddyyy-transformed.jpeg',
			'article_date' => '2024-06-19 12:47:15',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '21314',
			'article_category_id' => '266',
			'title' => 'National Life Insurance Company Organises Training for its Employees',
			'sub_title' => '',
			'summary' => 'KATHMANDU: National Life Insurance Company organised a multi-dimensional training for its senior employees in Kathmandu on June 17 and 18 with the objective of promoting a healthy and balanced life.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">KATHMANDU: National Life Insurance Company organised a multi-dimensional training for its senior employees in Kathmandu on June 17 and 18 with the objective of promoting a healthy and balanced life.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">The company expects this training to inspire personal and professional development of the employees, which will in turn benefit the company.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">Issuing a statement, the company said this training will increase the professionalism of both individuals and the organization and motivate employees to work in a healthy environment and provide inspiration for their personality development.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">The training was conducted by the corporate program director of Art of Living Nepal Neeva M Pradhan. Pradhan is a respected international corporate trainer with a highly professional background in the banking sector. </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">She is an expert in managing loan portfolios and conducting management training. </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">&ldquo;Her expertise and experience have provided valuable assistance in making this program a success,&rdquo; the company said.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">In addition, senior trainers Achut Gautam and Samjhana Kharel also played supporting roles in this training program.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">Art of Living has more than forty years of successful experience with such programs and has implemented these programs in approximately 186 countries around the world. The statement added that these programs were prepared in accordance with the wellness model of the World Health Organization. </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">The statement added that the company is confident this program will relieve the participants of illness and stress and promote the overall health and well-being of the employees.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">Pradhan expressed happiness to see the increasing number of organizations that prioritize employees. </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">&ldquo;Our overall training package is designed to provide maximum and sustainable benefits to both individuals and organizations,&rdquo; said Pradhan, adding, &ldquo;The organization is committed to conducting additional training sessions after the completion of the program to ensure maximum return on time and investment.&rdquo; </span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:16.5pt">The company&#39;s president Prema Rajya Laxmi Singh and the president of Art of Living Nepal Siddheshwar Kumar Singh were present at the closing ceremony of the program.</span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21039',
			'image' => '20240619011244_PR-1536x855.jpg',
			'article_date' => '2024-06-19 13:11:54',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '34'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '21311',
			'article_category_id' => '1',
			'title' => 'Nepal Seeks More Concessions from World Bank during IDA Meeting',
			'sub_title' => '',
			'summary' => 'KATHMANDU: The Government of Nepal has initiated lobbying with the World Bank to secure more concessional assistance, anticipating the loss of various concessions once the country upgrades from the status of least developed country in 2026.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">KATHMANDU: The Government of Nepal has initiated lobbying with the World Bank to secure more concessional assistance, anticipating the loss of various concessions once the country upgrades from the status of least developed country in 2026. The country aims to achieve sustainable development goals and secure additional concessional resources for large infrastructure projects. This lobbying effort is taking place at the 21st Replenishment Meeting of the International Development Association (IDA) under the World Bank Group, which began in Kathmandu on Tuesday.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The International Development Association (IDA) is working with donors and borrowing countries to replenish resources that will be used to deliver on global development goals during the ongoing meeting from June 18-21. The World Bank has indicated that IDA will aim to raise the highest amount of resources within a three-year period.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">As the host country, Nepal is taking initiatives to secure more concessional resources from IDA. In the opening session on Tuesday, Prime Minister Pushpa Kamal Dahal emphasized that Nepal requires more support to achieve its various goals. Despite integrated efforts for inclusive economic development, there is a shortage of financial resources for sustainable development goals (SDG), nationally determined contributions (NDC), and sustainable infrastructure development due to resource constraints and increasing debt obligations.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The Sustainable Development Goals encompass various socio-economic development targets, while the NDC outlines steps to mitigate the impact of climate change.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Prime Minister Dahal stated that the government&#39;s priority is to mobilize private capital, attract foreign investment, boost economic activity, and increase internal revenue, as domestic resources alone are insufficient for these purposes.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">As Nepal transitions to a developing country status in 2026, securing concessional loans may become challenging. Therefore, Nepal is emphasizing the need for subsidized loans. &quot;Concessions are very important for an underdeveloped country like Nepal,&quot; Prime Minister Dahal remarked. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">During the four-day meeting, officials from the Ministry of Finance, Nepal will focus on obtaining more aid and subsidized loans. Nepal&#39;s upgrade to a developing country status will be followed by a five-year transition period to bolster its economic standing.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">&quot;During this time, Nepal needs more assistance than the concessional loans currently available annually,&quot; an official stated, &quot;And we will take the initiative at this meeting.&quot;</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Nepal will advocate for aid to be allocated to specific programs rather than projects, granting the government more flexibility in implementation. Prime Minister Dahal emphasized the importance of program-based assistance, noting that this approach enhances the ownership and engagement of the beneficiary country with the support of donors. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">At the meeting, Axel Van Trotsenberg, senior managing director of the World Bank, noted that IDA acts as a mediator between donor and beneficiary countries to mobilize financial resources. &quot;This meeting will decide how to proceed in a planned manner for the next decade, not just now,&quot; he said.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Sangita Shrestha, a businesswoman, highlighted that although Nepal is rich geographically, culturally, and ecologically, it is highly vulnerable to natural disasters and climate change effects. She urged development partners and policymakers to collaborate for the effective mobilization of financial resources for sustainable development in high-risk countries like Nepal. According to the Ministry of Finance, more than 200 representatives from 61 countries, including high-ranking officials like Axel van Trotsenberg, are participating in the meeting.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">During the meeting, concessional loans, grant aid, priority areas, policy frameworks, outcome blueprints, and the financial resources required will be discussed with donor countries for the period from July 2025 to June 2028. Officials also mentioned that there is a schedule for on-site visits to nine projects in Nepal related to education, drinking water, reconstruction, energy, climate, and other sectors, supported by the World Bank.</span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => 'IDA, meeting, World, Bank, Nepal, concession',
			'description' => '',
			'sortorder' => '21037',
			'image' => '20240619105403_PRO_KTM_PRACHANDA_066A6791.jpg',
			'article_date' => '2024-06-19 10:53:02',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '21310',
			'article_category_id' => '1',
			'title' => 'MPs Unhappy About Budget Disparity Under Ministry of Physical Infrastructure',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Members of Parliament have voiced their dissatisfaction with the budget allocation under the Ministry of Physical Infrastructure and Transport.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">KATHMANDU: Members of Parliament have voiced their dissatisfaction with the budget allocation under the Ministry of Physical Infrastructure and Transport.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">During a discussion on the Appropriation Bill, 2081, in the House of Representatives on Tuesday, MPs accused the Minister for Physical Infrastructure of concentrating the budget in his constituency. Even MPs from the ruling party raised concerns, alleging that the funds had been distributed based on personal influences.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Tejulal Chaudhary highlighted disparities in budget allocation among districts in the Madhes province and Karnali, as the budget has neglected the latter.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Prabhu Hajara claimed that the Madhes province had received a comparatively higher budget allocation and suggested making the budget more balanced and objective.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Purna Bahadur Tamang also accused the minister of focusing the budget on his district.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Ain Bahadur Shahi Thakuri criticized the minister for not allocating budget to districts still lacking road infrastructure.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">MP Badri Prasad Pandey argued that the budget undermined equitable development, while MP Mahesh Bartaula complained about the insufficient prioritization of development in Makwanpur. He specifically demanded more funds for the early completion of the Chitlang-Thankot road. -- RSS</span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-19',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21036',
			'image' => '20240619103608_Parliament.jpg',
			'article_date' => '2024-06-19 10:35:01',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '21309',
			'article_category_id' => '1',
			'title' => ''Promote Entrepreneurship Based on Locally-Available Raw Materials'',
			'sub_title' => '',
			'summary' => 'Nepalgunj: Minister for Energy, Water Resources and Irrigation of Lumbini Province, Krishna KC, has called upon one and all to promote entrepreneurship based on locally-available raw materials. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepalgunj: Minister for Energy, Water Resources and Irrigation of Lumbini Province, Krishna KC, has called upon one and all to promote entrepreneurship based on locally-available raw materials. He made this appeal during a one-day training on financial literacy and entrepreneurship for women entrepreneurs, organized by New Business Age in Nepalgunj on Tuesday.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Speaking as the chief guest, Minister KC highlighted that the Lumbini state government has allocated Rs 250 million for interest subsidies for women entrepreneurs and Rs 200 million for concessional loans at a 5 percent interest rate.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">After attending the training and listening carefully to the presentations, Minister KC said, &quot;If you have the willpower and interest, you can succeed in entrepreneurship.&quot; He expressed his enthusiasm about the program and committed to facilitating and coordinating support for women entrepreneurs. &quot;I will personally see what the Lumbini state government can do to help women entrepreneurs,&quot; he affirmed.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Madan Lamsal, chairman of the program and editor-in-chief of New Business Age, expressed his happiness about the increasing presence of women in business in Nepal. &quot;But women still need to work more to take charge of large industries and businesses. For this, the government and the private sector need to work together,&quot; he stated.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Our business journalism is focused on promoting entrepreneurship in the country,&rdquo; Lamsal added. &ldquo;I am glad that New Business Age has been organizing such workshops across the country for a few years to train women in financial literacy and entrepreneurship.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Former executive director of Nepal Rastra Bank, Uma Joshi Bohora, emphasized that success in business requires more than just investment. Entrepreneurs need to learn various skills like production, pricing, and marketing to achieve success.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Ashok Kumar Bhujel, another speaker at the program, noted the importance of discipline in business. &quot;He who pays attention to his own management can manage his business well,&quot; he said. Instead of posting idle contents on Facebook, Bhujel advised posting about products or services to promote business.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Sagun Khanal mentioned that Nepal has started exporting traditional foods like <em>gundruk</em> and <em>sinki</em>. &ldquo;Even leaf plates can be exported. But to run your business smoothly and receive discounts and benefits from various agencies, you should register with the appropriate government agencies,&rdquo; he explained. Khanal provided detailed information on becoming a successful entrepreneur and accessing various facilities offered by government agencies and banks.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Kiran Rana Magar, head of Siddhartha Bank&rsquo;s Nepalgunj branch, informed that the bank provides loans to women entrepreneurs, but they must fulfill certain criteria to qualify.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">President of Women Entrepreneurs Association, Banke, Sabitra Devi Basnet, thanked the organizers, sponsors, and stakeholders, saying the training was very useful for women entrepreneurs. She also requested that such training should be extended to at least three consecutive days instead of just one day.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Around 115 women entrepreneurs attended the program at Siddharth Cottage, Nepalgunj, including officials from the Nepal Chamber of Commerce, Banke; Women Vice President Mandira Pandey; Central Treasurer of the Federation of Women Entrepreneurs Association of Nepal Sabita Subedi, and officials from the Nepal Cottage and Small Industries Federation, Banke. The event was sponsored by Siddhartha Bank.</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-18',
			'modified' => '2024-06-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21035',
			'image' => '20240618091528_DSC03908.JPG',
			'article_date' => '2024-06-18 21:14:47',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '34'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '21308',
			'article_category_id' => '1',
			'title' => 'NEPSE Declines by 18.76 Points to Close at 2076.49',
			'sub_title' => '',
			'summary' => 'The Nepal Stock Exchange (NEPSE) Index fell by 18.76 points, closing at 2076.49 on Tuesday, the second trading day of the week. The trading day began with the NEPSE Index at 2,098.6 points, peaking at an intraday high of 2,099.02 points and dipping to a low of 2,073.91 points before closing at 2,076.49 points.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">June 18: The Nepal Stock Exchange (NEPSE) Index fell by 18.76 points, closing at 2076.49 on Tuesday, the second trading day of the week.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The trading day began with the NEPSE Index at 2,098.6 points, peaking at an intraday high of 2,099.02 points and dipping to a low of 2,073.91 points before closing at 2,076.49 points.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">During today&rsquo;s trading session, 318 scrips were traded through 58,119 transactions. As many as 9,544,734 units of shares changed their hands, relsuting into a total turnover of Rs 4.05 billion. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) hit the upper circuit limit, soaring by 10% to close at Rs. 2,409. In contrast, Manakamana Smart Lagubitta Bittiya Sanstha (MKLB) and &nbsp;Kutheli Bukhari Small Hydropower Limited(KBSH) experienced the highest declines, each dropping by 10%.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In terms of sector indices, all sector indices ended the day in negative territory. The &quot;Banking Index&quot; suffered the most, falling by 1.16%, while the &quot;Manufacturing and Processing Index&quot; recorded the smallest loss of 0.52%.</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-18',
			'modified' => '2024-06-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21034',
			'image' => '20240618034937_collage (35).jpg',
			'article_date' => '2024-06-18 15:48:12',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '42'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '21307',
			'article_category_id' => '1',
			'title' => 'Monsoon Slowly Spreading Across the Nation, Could Take Some More Days to Reach Western Nepal',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Although it has already been a week since this year's monsoon entered Nepal, the monsoon system is advancing at a slow pace.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">KATHMANDU: Although it has already been a week since this year&#39;s monsoon entered Nepal, the monsoon system is advancing at a slow pace. It could take around a week or more to reach nationwide, the Department of Hydrology and Meteorology said.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Senior Meteorologist at the Department Prativa Manandhar said that currently the monsoon is active in the north and east parts of the Koshi Province adding that most of the districts in the province are receiving rainfall.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to Manandhar, it could take some more days for the monsoon to arrive in Kathmandu since the speed of the monsoon is very slow. &quot;It is advancing towards the west but at a very slow pace,&quot; she added.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">She shared that it could take two to three days to arrive in Kathmandu and then five to seven days to reach Sudurpaschim Province. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">This year, the monsoon entered Nepal from eastern Nepal&rsquo;s Koshi Province on June 10, three days ahead of the expected date.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to forecasts made by the division, the monsoon season this year is expected to bring 35 to 55 percent more rainfall than the average.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">More than 1.8 million people are likely to be affected by the monsoon this year, according to the National Disaster Risk Reduction and Management Authority (NDRRMA).&nbsp;&nbsp;&nbsp; A situation might surface where 83,000 families would be directly affected and 18,000 households need to be rescued and provided with relief, NDRRMA said recently. -- RSS&nbsp; </span></span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-18',
			'modified' => '2024-06-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21033',
			'image' => '20240618112527_20240610063405_20240604114336_20210626022910_Monsoon.jpeg',
			'article_date' => '2024-06-18 11:24:46',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '21305',
			'article_category_id' => '1',
			'title' => 'Farmers again Deprived of Fertilizers which Remain Stocked in Govt Warehouses',
			'sub_title' => '',
			'summary' => 'KATHMANDU: Despite adequate stocking of chemical fertilizers for annual crops, farmers have been deprived of them. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">KATHMANDU: Despite adequate stocking of chemical fertilizers for annual crops, farmers have been deprived of them. With the arrival of the monsoon, farmers in various parts of the country have started planting paddy without access to fertilizers. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to the Ministry of Agriculture and Livestock Development, about 250,000 metric tons of fertilizer are required for annual crops. Currently, 94,500 metric tons of fertilizer are in the government warehouses.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The ministry informed that an additional 131,000 metric tons of fertilizer is being imported. Over 75,000 tons of chemical fertilizers are expected to reach Nepal within the third week of June, and another 25,000 tons will be shipped from China at around the same time. Thus, the government claims that sufficient chemical fertilizers will be available by the time of rice plantation in the country.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">With the onset of the monsoon, paddy planting has started in various parts of the Terai. However, farmers have begun planting paddy without fertilizer. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Agni Aryal, former coordinator of the Paddy Superzone in Rajapur, Bardiya, complained about the lack of fertilizer for farmers.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Fertilizer is sold and distributed through cooperatives, but a cooperative typically receives only 40 bags of fertilizer, which is insufficient for its 200-300 members. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&quot;Even those who get fertilizer receive only 5-7 kg,&quot; Aryal said, adding, &quot;A single farmer cultivates paddy on 3-4 bighas of land. What can they do with 5-7 kg of fertilizer?&quot;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Due to the insufficient supply of fertilizers by the government, most of the farmers depend on smuggled fertilizers from India. Although there has been no rain in western Terai&#39;s Banke, Bardiya, Kailali, and Kanchanpur, farmers have begun planting paddy since late May in areas with irrigation facility.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Farmers in Madhesh and Koshi provinces of eastern Terai face similar issues. Bhuvaneshwar Yadav, a farmer from Rautahat, prepared to plant paddy on five bighas of land but lamented the lack of adequate fertilizer.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&quot;Fertilizer is not available even in cooperatives. Even if it comes, only those with access get it, making it impossible for everyone to benefit,&quot; he said.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Acknowledging these issues, Joint Secretary of the Ministry, Ram Krishna Shrestha, admitted there is a problem with the fertilizer distribution system in Nepal.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&quot;Although the government warehouses have stocks of fertilizer, farmers cannot access it due to distribution issues. Problems arise when municipalities fail to collect their quota on time and when cooperatives distribute only to their members,&quot; he explained.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Preparation of Revised Guidelines to Facilitate Distribution</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">To address these issues, the government plans to amend the guidelines to facilitate fertilizer distribution. The government has formed a committee, coordinated headed by the ministry&rsquo;s Joint Secretary Ram Krishna Shrestha for this purpose. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Despite the rights given to the provincial and local governments to distribute fertilizer through the Agricultural Inputs Company Limited and the Salt Trading Corporation, there are frequent complaints from farmers about the unavailability of fertilizer at the local level. Therefore, the government has initiated the process of amending the law to streamline distribution.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The committee is working to revise the Subsidized Fertilizer Distribution Guideline, 2077, to make fertilizer distribution more effective across local, provincial, and federal levels, with implementation expected from mid-July.</span></span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2024-06-18',
			'modified' => '2024-06-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '21032',
			'image' => '20240618105506_20230727010535_1690421631.2023-07-27 07.17.16_11zon.jpg',
			'article_date' => '2024-06-18 10:54:20',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => null,
			'user_id' => '34'
		)
	)
)
$current_user = null
$logged_in = false
$xml = false
simplexml_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

file not found!

Latest

173 People Die in Disaster Incidents since June 10

Crusher Federation Urges PM Oli for Industry Renewal

Prime Minister Calls for Enhancing 'Hello Sarkar' Service

Bardiya National Park Sees Increase in Tourist Arrivals

Experts, Manpower Agencies at Odds Over Draft of Labour Migration Policy

Lower Seti Hydropower Project Acquires o500 Ropanis of Land

Government Proposes Formation of New Authority to Regulate Cooperatives

Sugar Prices Surge ahead of Festive Season amid Govt’s Failure to Import Sugar

BFIN to Host Conference in Kathmandu on Wednesday

Price of Gold Reaches All-Time High in Nepal

FOREX

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)

Bullion

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

Petroleum

Petrol	1 Liter	106.00
Diesel	1 Liter	95.00
Kerosene	1 Liter	95.00
LP Gas	1 Cylinder	1375.00