ovember 25: The Ministry of Industry, Commerce and Supply has said that it is making necessary preparations to draft a 10-year industrial…
ovember 25: The Ministry of Industry, Commerce and Supply has said that it is making necessary preparations to draft a 10-year industrial…
November 25: The government seems hardly interested to purchase paddy grown by the farmers with hard work throughout the year.…
November 25: Nepal’s foreign trade declined by 20 percent in the first four months of the current fiscal year (FY 2022/23).…
November 25: Vote counting under the election to the member of the House of Representatives (HoR) and provincial assemblies is in…
November 25: Kicked out by his club Manchester United, suspended by the Football Association and deemed over the hill by many, Cristiano Ronaldo answered critics in the best possible fashion with another record-breaking display during the World Cup on…
November 25: Brazil outclassed Serbia 2-0 in their World Cup opener on Thursday as Richarlison scored two second-half goals, including a spectacular overhead…
November 24: The counting of votes under the elections to the members of the House of Representatives and provincial assemblies is currently underway.…
November 24: Switzerland made a winning start to their World Cup campaign with a 1-0 win over Cameroon in their group-stage match on…
November 24: The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such 'conglomerate' platforms will be the focus for 2023, the new chair of global securities watchdog IOSCO said in an interview with…
November 24: Sunsilk has announced the winners of Sunsilk Dashain Vibes 2, which was launched during the festive season of Dashain…
November 24: The government on Wednesday honoured the top taxpayers of the country among whom Surya Nepal Private Limited was declared the highest taxpayer company for the last fiscal…
November 24: NET consortium on Tuesday organized the second event of the Bamboo Series under its Climate Initiative on the topic ‘Are businesses prepared for…
November 24: Nepal's hydropower generation capacity will reach 3,000 megawatts within the current financial year, claimed Nepal Electricity Authority’s Executive Director Kulman…
November 24: The import of diesel, petrol and cooking gas (LPG) has declined in the first four months of the current fiscal year compared to the corresponding period of last…
November 24: No political party is likely to secure two-thirds majority in the election to the House of Representatives held on November 20.…
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The ministry informed that industrialization is necessary for economic stability and that it is working on making an industrial policy for the next decade.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Commerce Secretary, Dr Toynarayan Gyawali, made such announcement on the eve of the Industry Day.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The government is celebrating the eighth Industry Day today (Friday) with the theme 'Industrial Investment and Infrastructure: A Strong Foundation for Prosperity'.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Similarly, Dr Gyawali said that the Ministry of Industry, Commerce and Supplies facilitates the industrialists and the construction of industrial infrastructure while plans are underway to support the industries. He said that the ministry is committed to solving the problems of the industry and business sectors. On that occasion, Gyawali also said that the government is positive to give concessions to the members who join the 'Make in Nepal, Swadeshi' campaign launched by the Confederation of Nepalese Industries (CNI).</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Director General of the Department of Industries, Ramchandra Tiwari, said that the CNI has moved forward after intensive study for the development of the industrial sector and said that the government expects similar efforts from the private sector. He thinks that industrial development can be achieved by working together with the private sector. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bishnu Kumar Agarwal, president of CNI, requested concessions for the members involved in the 'Make in Nepal, Swadeshi' campaign. He pointed out the need for concessions by giving the example of the 'Make In' campaign being conducted under the leadership of the government in India, Australia and other countries. The 'Make in Nepal, Swadeshi' campaign is being conducted under the initiative of the CNI.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The government has also mentioned that it will support this campaign through the budget. Agarwal said that by giving concessions to the products associated with the campaign, the consumption and export of domestic products will be encouraged. He also emphasized that the Ministry of Industry should become a 'focal ministry' for industrialists.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16125', 'image' => '20221125010527_Industrial-Policy.jpg', 'article_date' => '2022-11-25 13:04:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16383', 'article_category_id' => '1', 'title' => 'Government Shows Lack of Interest to Purchase Paddy from Farmers', 'sub_title' => '', 'summary' => 'November 25: The government seems hardly interested to purchase paddy grown by the farmers with hard work throughout the year. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 25: The government seems hardly interested to purchase paddy grown by the farmers with hard work throughout the year. The government is showing no signs of buying paddy from the farmers even three weeks after fixing the minimum support price. Due to the government’s indifference, farmers across the country are forced to sell paddy at throw-away prices.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The state-owned Food Management and Trading Company Limited has been entrusted with the responsibility of purchasing rice at minimum support price from 10 districts that produce abundance of rice. Most of the farmers of Kailali, Kanchanpur, Bardia, Banke, Rupandehi, Janakpur, Jhapa and other districts, where the organization always buys paddy, have already sold 50 percent of their paddy at a low price of Rs 1,000 per quintal even before the support price was set. The income earned by the farmers by selling paddy to the businessmen is one third of the support price fixed by the government later.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Farmers, who were hoping to sell the remaining rice at the right price after the government set the support price, were disappointed when the company entrusted to purchase paddy did not make any arrangements to buy the produce. The company, which failed to start the procurement process at the right time, pretended that it has not received any instructions for the of paddy.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Agni Aryal, coordinator of Rajapur Paddy Superzone, says that since the government does not buy rice at the support price, the traders and middlemen take advantage of it. Traders buy paddy from farmers at throw-away prices and produce rice from it and sell it at a high price. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Sharmila Neupane Subedi, information officer of the Food Management and Trading Company Limited said that the procurement process was delayed because of the elections. According to her, the government fixed the support price right before the election and since the employees of the company also had to be deployed for the election, the purchase of paddy did not begin. Although she said that the procurement work will start soon, she could not tell the exact date. She says that the process has been halted because they have not yet received instructions from the Ministry of Industry, Commerce and Supplies for the purchase of paddy.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Urmila KC, the spokesperson of the Ministry of Industry, Commerce and Supplies on the other hand claims that the ministry has already sent a letter to the FMTCL on November 2 with instructions to purchase the paddy. She said, “We have already corresponded from here, but we do not know why the company delayed the purchase.”</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">This year, the government has arranged a budget of Rs 33 million to purchase about 300,000 metric tons of paddy at the minimum support price through agricultural cooperatives. The Food Management Company has also set aside Rs 98.91 million to buy 30,200 metric tons of rice.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16124', 'image' => '20221125125626_paddyyyy.jpg', 'article_date' => '2022-11-25 12:55:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16382', 'article_category_id' => '1', 'title' => 'Nepal’s Foreign Trade Declines by 20 Percent', 'sub_title' => '', 'summary' => 'November 25: Nepal’s foreign trade declined by 20 percent in the first four months of the current fiscal year (FY 2022/23). ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">November 25: Nepal’s foreign trade declined by 20 percent in the first four months of the current fiscal year (FY 2022/23). As a result, the country’s trade deficit also declined by 16 percent. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The decline in trade deficit amid devaluation of the Nepalese currency, Russia-Ukraine war and rising prices of petroleum products in the international market is considered to be a positive sign for the Nepalese economy. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">However, it is a warning sign to the government’s revenue which chiefly relies on imports. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Experts believe that the foreign trade of Nepal declined in the review period due to various factors including the Covid-19 pandemic, global inflation due to Russia-Ukraine war, decline in banks’ credit flow for imports and the policy adopted by the government to discourage imports to ease the pressure on foreign exchange reserves.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to the data released by the Department of Customs, the volume of Nepal’s foreign trade in the review period stood at Rs 587.46 billion against Rs 732.41 billion in the corresponding period of last fiscal year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">During this period, the country’s imports dropped by Rs 117.60 billion (18.08 percent) to Rs 532.69 billion. The drop in the country’s imports was due to the government’s policy to discourage imports.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Citing a pressure on declining foreign currency reserves, the government had imposed restrictions on imports of luxury goods in April. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The country’s exports also dropped by 33.30 percent in the review period.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The country exported goods worth Rs 54.77 billion in the first four months of the current fiscal year. The figure was Rs 82.12 billion during the corresponding period of last fiscal year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Due to the decline in trade deficit, the Balance of Payments recorded a surplus after a gap of 14 months.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16123', 'image' => '20221125120845_Trade.jpg', 'article_date' => '2022-11-25 12:07:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16379', 'article_category_id' => '1', 'title' => 'UML, NC get over 800,000 Votes under Proportional Representation Category ', 'sub_title' => '', 'summary' => 'November 25: Vote counting under the election to the member of the House of Representatives (HoR) and provincial assemblies is in progress.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 25: Vote counting under the election to the member of the House of Representatives (HoR) and provincial assemblies is in progress. According to the Election Commission, the CPN (UML) is leading the vote-count tally towards the Proportional Representation (PR) election system as per the vote-count until 6 am today (November 25). The UML has been leading the PR vote tally since the beginning of the vote counting. The left-wing party has secured 894,409 votes so far. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepali Congress has garnered 857,621 votes while the Rastriya Swatantra Party has obtained 432,575 votes and is in third position in terms of the number of votes towards the PR election system so far. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The CPN (Maoist Centre), which is in the fourth position in the votes tally, has collected 402,499 votes and the Rastriya Prajatantra Party (RPP) is in the fifth position with 233,375. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Janata Samajbadi Party has secured 112,579 votes, followed by the Janamat Party (67,614 votes), the Nagarik Unmukti Party (62,547 votes), the CPN (Unified Socialist) (61,704 votes) and Nepal Workers and Peasants Party (56,183 votes) votes till now. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Lokatantrik Samajbadi Party Nepal has obtained 51,200 votes, the Hamro Nepali Party 29,423 votes, the Rastriya Janamorcha 21,814 votes and the Mongol National Organisation 17,186 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CPN (ML), the Rastriya Janamukti Party, the Nepal Sanghiya Samajbadi Party, the Sanghiya Lokatantrik Rastriya Manch, the Rastriya Prajatantra Party Nepal, among other parties, each has garnered less than 10,000 votes towards the PR system so far. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16122', 'image' => '20221125104058_JBS_Pokhara-IMG_20221124_124546.jpg', 'article_date' => '2022-11-25 10:40:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16380', 'article_category_id' => '1', 'title' => 'Ronaldo Proves ‘Ringmaster’ yet Again', 'sub_title' => '', 'summary' => 'November 25: Kicked out by his club Manchester United, suspended by the Football Association and deemed over the hill by many, Cristiano Ronaldo answered critics in the best possible fashion with another record-breaking display during the World Cup on Thursday.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 25: Kicked out by his club Manchester United, suspended by the Football Association and deemed over the hill by many, Cristiano Ronaldo answered critics in the best possible fashion with another record-breaking display during the World Cup on Thursday.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Two days after Manchester United abruptly ended his second stint at Old Trafford following his criticism of the club, Ronaldo took out his frustration on Ghana as Portugal opened their World Cup campaign with a nervy 3-2 victory, Reuters reported.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The five-time Ballon d'Or winner showed that at 37 he retains the magical knack of delivering when it matters, added Reuters.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the news agency, Ronaldo went into the match already holding the world record for international goals and he took his total to 118 in the 65th minute with a penalty that made him the first player ever to score in five editions of the men's World Cup.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Meanwhile, the BBC reported that the goal and result will be a welcome distraction from the off-field issues that has clouded Ronaldo's build-up to the tournament.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The frontman, who had earlier missed two big chances and had a goal ruled out, saw his big moment come in the second half, added the BBC. With Southampton defender Mohammed Salisu in close attendance, Ronaldo hit the deck and the American referee pointed to the spot, which he stepped up to convert with aplomb.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“It is easy to talk about Ronaldo in terms of statistics alone, with so many milestones chalked up. But to watch him on Thursday, especially after a week in which he was ditched by United and sanctioned by England's FA for breaking a young Everton fan's phone, was to appreciate exactly what marks him out as many people's greatest of all time,” wrote Reuters.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Remarkably, Ronaldo has now scored in all 10 major tournaments in which he has appeared for Portugal, a run beginning when he was a fresh-faced youngster at Euro 2004, the news agency further reported.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Importantly for Portugal's chances of going deep in Qatar, it was not just the Ronaldo show as his team mates, especially in the second half, took more responsibility. After Ghana surprisingly levelled, it was Joao Felix who restored Portugal's lead with a deft finish and then a sublime run and pass by Bruno Fernandes set up substitute Rafael Leao. But the night, one again, belonged to CR7, Reuters concluded in its news report.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16121', 'image' => '20221125111639_ron.jpg', 'article_date' => '2022-11-25 11:16:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16381', 'article_category_id' => '1', 'title' => 'Brazil Outclass Serbia in Opening Match', 'sub_title' => '', 'summary' => 'November 25: Brazil outclassed Serbia 2-0 in their World Cup opener on Thursday as Richarlison scored two second-half goals, including a spectacular overhead kick.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 25: Brazil outclassed Serbia 2-0 in their World Cup opener on Thursday as Richarlison scored two second-half goals, including a spectacular overhead kick, Reuters reported</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the news agency, an ankle injury sustained by Neymar however put a damper on their celebrations.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Richarlison has been in fine form when wearing the golden yellow kit of Brazil this year and he opened the scoring with an easy tap-in before doubling the lead with his acrobatic effort, added Reuters.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“It was his ninth goal for Brazil in seven games in 2022 as Brazil leapfrogged Switzerland, who beat Cameroon 1-0, to the top of Group G. Serbia are bottom.”</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16120', 'image' => '20221125113223_brazil.jpg', 'article_date' => '2022-11-25 11:31:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16378', 'article_category_id' => '1', 'title' => 'NC, UML, Maoist Centre lead FTPT Vote Count ', 'sub_title' => '', 'summary' => 'November 24: The counting of votes under the elections to the members of the House of Representatives and provincial assemblies is currently underway. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 24: The counting of votes under the elections to the members of the House of Representatives and provincial assemblies is currently underway. According to the Election Commission, the Nepali Congress (NC) has won the highest seats towards the first-past-the-post (FPTP) electoral system by the time this news report was prepared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The party has won 30 HoR seats out of 165. NC leader Yogesh Gauchan Thakali was the first candidate to secure victory for the party from Mustang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The party’s central President and Prime Minister Sher Bahadur Deuba, senior leader Ram Chandra Poudel, general secretaries Gagan Kumar Thapa and Bishwa Prakash Sharma, leaders Prakash Man Singh, Dr Shashanka Koirala, Dilendra Prasad Badu and Ramesh Lekhak have secured their places in the HoR. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Other winning candidates from the party are Bir Bahadur Balayar, Pradeep Poudel, Santosh Chalise, Rajan KC, Uday Shamser JB Rana, Durlav Thapa Chhetri, Mohan Acharya, Ramhari Khatiwada, Ajay Kumar Chaurasiya, Ramesh Rijal, Shyam Kumar Ghimire, Tek Bahadur Gurung, Kishore Singh Rathore, Dikpal Kumar Shahi, Hridayram Thani, Pushpa Bahadur Shah, Narayan Prasad Saud, Shankar Bhandari, Rajendra Bajgain, Dev Prasad Timilsina and Kham Bahadur Garbuja. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, CPN (UML) has won the 17 seats. The elected candidates of UML include party Chair KP Sharma Oli, Prithvi Subba Gurung, Yogesh Kumar Bhattarai, Gokarna Raj Bista, Krishna Gopal Shrestha, Top Bahadur Raymajhi, Rajendra Kumar Rai, Lal Prasad ( LP) Sawa Limbu, Dev Raj Ghimire, Ambar Bahadur Rayamajhi, Manbir Rai, Raj Kumar Gupta, Mahesh Kumar Bartaula, Prem Bahadur Maharjan, Bidya Bhattarai, Padam Giri and Basudev Ghimire. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CPN (Maoist Centre) has secured victory in nine constituencies and the elected candidates are party Chair Pushpa Kamal Dahal, leaders Barshaman Pun, Shakti Bahadur Basnet, Devendra Poudel, Raj Kumar Rai, Lekhnath Dahal, Rekha Sharma, Purna Bahadur Bishwokarma and Madhav Sapkota. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the CPN (Unified Socialist) has won six seats and the winning candidates are party Chair Madhav Kumar Nepal, leaders Krishna Kumar Shrestha, Prakash Jwala, Sher Bahadur Kunwar, Prem Bahadur Ale and Bhanu Bhakta Joshi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Rastriya Swatantra Party has secured victory in five constituencies and the elected candidates are party Chair Ravi Lamichhane, Sobita Gautam, Shishir Khanal, Ganesh Parajuli, and Biraj Bhakta Shrestha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Rastriya Prajatantra Party (RPP) has won three seats and the winning candidates are Dhawal Shamsher Rana, Deepak Bahadur Singh and Gyan Bahadur Shahi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Loktantrik Samajbadi Party has clinched victory in two constituencies and the elected members are Sarvendra Nath Shukla and Ram Prakash Chaudhary. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Janamat Party’s Chandra Kant Raut, independent candidate Lalbir Chaudhary and Nagarik Unmukti Party’s Ganga Ram Chaudhary have won a seat each. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16119', 'image' => '20221124082106_20221123050626_20220805085711_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-24 20:20:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16377', 'article_category_id' => '1', 'title' => 'Switzerland Edge Past Cameroon in Opening Match', 'sub_title' => '', 'summary' => 'November 24: Switzerland made a winning start to their World Cup campaign with a 1-0 win over Cameroon in their group-stage match on Thursday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">AGENCIES</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 24: Switzerland made a winning start to their World Cup campaign with a 1-0 win over Cameroon in their group-stage match on Thursday.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to Reuters, Cameroon-born Breel Embolo scored the winning goal against the run of the play in the opening match of Group G.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">AFP reported that Embolo struck three minutes into the second half as Switzerland secured a vital three points in a group that includes tournament favourites Brazil and Serbia.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The 25-year-old refused to celebrate the goal as the small group of Swiss fans cheered wildly at Al Janoub Stadium, added Reuters.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Cameroon have now lost their last eight World Cup matches going back to 2002.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Meanwhile, AFP reported that Roger Milla was presented with an award before kick-off as the oldest goalscorer in World Cup history, a reminder of past glories for Cameroon who have won just one game since reaching the quarter-finals 32 years ago.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16118', 'image' => '20221124061800_Switzerland-vs-Cameroon-World-Cup-2022-scaled.jpg', 'article_date' => '2022-11-24 18:17:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16376', 'article_category_id' => '1', 'title' => 'Global Regulators to Target Crypto Platforms after FTX Crash', 'sub_title' => '', 'summary' => 'November 24: The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such 'conglomerate' platforms will be the focus for 2023, the new chair of global securities watchdog IOSCO said in an interview with Reuters.', 'content' => '<p><span style="font-size:16px">Global regulators to target crypto platforms after FTX crash<br /> AGENCIES<br /> November 24: The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such 'conglomerate' platforms will be the focus for 2023, the new chair of global securities watchdog IOSCO said in an interview with Reuters.<br /> According to the news agency, IOSCO chair Jean-Paul Servais said regulating crypto platforms could draw on principles from other sectors which handle conflicts of interest, such as at credit rating agencies and compilers of market benchmarks, without having to start from scratch.<br /> Cryptoassets like bitcoin have been around for years but regulators have resisted jumping in to write new rules. But the implosion at FTX, which left an estimated one million creditors facing losses totalling billions of dollars, will help change that, Servais told Reuters.<br /> In a report published in early November, Reuters had said that at least one billion dollars of customer funds have vanished from collapsed crypto exchange FTX.<br /> "The sense of urgency was not the same even two or three years ago. There are some dissenting opinions about whether crypto is a real issue at the international level because some people think that it's still not a material issue and risk," Reuters quoted Servais as saying.<br /> "Things are changing and due to the interconnectivity between different types of businesses, I think it's now important that we are able to start a discussion and that's where we are going."<br /> IOSCO, which coordinates rules for G20 countries and others, has already set out principles for regulating stablecoins, but now the focus is turning to platforms which trade in them.<br /> According to Reuters, Madrid-based IOSCO, or International Organization of Securities Commissions, is an umbrella body for market watchdogs like the Securities and Exchange Commission in the United States, Bafin in Germany, Japan's Financial Services Agency, and the UK Financial Conduct Authority, who all commit to applying the body's recommendations.<br /> "I think that the world is changing. We know there is some space for developing new standards about supervision of this kind of crypto conglomerates. There is an obvious necessity," Servais reportedly said.<br /> It may be noted that Nepal Rastra Bank, the central bank of Nepal, has been issuing notices time and again warning the general public not to use crypto currency, arguing that transactions involving crypto currencies are not legally recognized in Nepal and are not guaranteed by the government<br /> NRB says that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB added.</span><br /> </p> <p><span style="font-size:16px">Read Also:<br /> https://www.newbusinessage.com/Articles/view/15797</span></p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16117', 'image' => '20221124054608_20220816103615_Cryptoshutterstock_1434643079.jpg', 'article_date' => '2022-11-24 17:45:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16375', 'article_category_id' => '266', 'title' => 'Sunsilk Announces Winners of Sunsilk Dashain Vibes 2', 'sub_title' => '', 'summary' => 'November 24: Sunsilk has announced the winners of Sunsilk Dashain Vibes 2, which was launched during the festive season of Dashain 2021.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 24: Sunsilk has announced the winners of Sunsilk Dashain Vibes 2, which was launched during the festive season of Dashain 2021.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Sumitra Maurati, Prinsika Shrestha and Sanisha Bhattarai were declared as the winners of the contest during the grand finale held at Hotel Radisson on November 23. Each of the winners bagged a purse of Rs 100,000 .</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to a statement issued by the company, the girls will now be leading the #SunsilkGangofGirls along with brand ambassadors Princy and Prisma for a year along with an opportunity of being featured in Sunsilk packs next year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The campaign garnered over 66M views in TikTok and over 100M views through all digital platforms, added the statement.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the Managing Director of Unilever Nepal, Amlan Mukherjee, the company wants its brands along with its consumers to be associated with local festivals and culture.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“Sunsilk Dashain Vibes and Sunsilk Gang of Girls activation are among such efforts,” said Mukherjee, adding,</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“We are proud to introduce the Sunsilk Gang of Girls who are the winners of Sunsilk Dashain Vibes contest launched during Dashain 2021 and it was an unprecedented success. Sunsilk believes that girls thrive when they explore possibilities, and we gave them the opportunity to showcase their beautiful hair and feature in the bottles of brand.”</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16116', 'image' => '20221124035520_IMG-20221123-WA0003.jpg', 'article_date' => '2022-11-24 15:54:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16374', 'article_category_id' => '1', 'title' => 'Surya Nepal Honoured as the Highest Taxpaying Company', 'sub_title' => 'Vijay Shah of Jawlakhel Group of Industries Bags the Honour in Individual Category', 'summary' => 'November 24: The government on Wednesday honoured the top taxpayers of the country among whom Surya Nepal Private Limited was declared the highest taxpayer company for the last fiscal year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 24: The government on Wednesday honoured the top taxpayers of the country among whom Surya Nepal Private Limited was declared the highest taxpayer company for the last fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Finance Secretary Krishna Hari Pushkar honored Surya Nepal amid a programme organized by the Inland Revenue Department in the capital to mark the National Tax Day 2022. The government honored individuals and organizations under 15 different categories.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the IRD, Surya Nepal paid taxes worth Rs 10.72 billion in the Fiscal Year 2021/22, up from Rs 9.34 billion in the previous fiscal year. The annual turnover of the multinational company in 2021 was about Rs 24.5 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the rating agency Care Rating Nepal, Surya Nepal earned a net profit of Rs 9.41 billion in 2021 and Rs 9.55 billion in 2020. The company, which has a large share in the cigarette trade of Nepal, did business worth Rs 24 billion 493 million during the review year. It also sells matchboxes, incense sticks and confectionaries.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Vijaya Shah of Jawalakhel Group of Industries received recognition as the largest taxpayer in individual category in the last fiscal year. Shah leads the group of industries, which incorporates companies like Jawalakhel Distillery, Vijay Distillery, Himalayan Distillery, Raj Brewery and Asian Distillery. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, Nepal Telecom bagged the award of the largest income taxpayer.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">OBC Foods received the honours as the highest taxpayer in agriculture category while export-based companies Shiva Shakti Ghee and Rajesh Metal Crafts were recognized for the contribution to the state treasury in their respective category.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nabil Bank also received the award in the banking sector while IME Remittance from remittance group and Chhimek Microfinance Company from cooperative group were also among those honoured by the government for the contribution. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16115', 'image' => '20221124032148_20200911125203_1599773733.Clipboard04.jpg', 'article_date' => '2022-11-24 15:21:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16373', 'article_category_id' => '1', 'title' => 'Private Sector Stakeholders Discuss Disaster Resilience', 'sub_title' => '', 'summary' => 'November 24: NET consortium on Tuesday organized the second event of the Bamboo Series under its Climate Initiative on the topic ‘Are businesses prepared for disasters?’.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 24: NET consortium on Tuesday organized the second event of the Bamboo Series under its Climate Initiative on the topic ‘Are businesses prepared for disasters?’. The event provided great insights into the challenges faced by businesses during disasters like COVID-19, the response mechanism adopted by them, and the importance of disaster preparedness, reads a statement issued by the NET consortium, which comprises of three organizations namely National Disaster Risk Reduction Centre (NDRC) Nepal, Enterprise for Management, Economic Reform and Gender Equality (EMERGE), and Tangent Waves. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During the programme, Shraddha Joshi, executive director of A.N.T Holidays Pvt Ltd, a travel agency in Nepal, pointed out the need to develop Business Continuity Plan (BCP) for their businesses to manage disasters better.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Likewise, Gajendra Malla, of Village Café, stressed that the government must address the social safety nets for women workers who are most affected during disasters. He also added that there is an urgent need to train women in disaster management, added the statement.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Brijendra Rochan Joshi, CEO of Rooster Logic, expressed the need to have access to information on the available resources from Government to mitigate the challenges.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Similarly, Anisha Karn, CEO of SmartPaani added that many SMEs do not benefit from the various support mechanisms that exist to mitigate disasters. She also highlighted how businesses are inadequately resourced to manage disasters themselves.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The key takeaway from the second session of the Bamboo Series was the need to have BCPs to make businesses disaster resilient, the statement further said.</span></span></p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16114', 'image' => '20221124023351_Untitled.jpg', 'article_date' => '2022-11-24 14:32:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16372', 'article_category_id' => '1', 'title' => 'Nepal to Produce 3000MW of Electricity within Current FY: Kulman Ghising', 'sub_title' => '', 'summary' => 'November 24: Nepal's hydropower generation capacity will reach 3,000 megawatts within the current financial year, claimed Nepal Electricity Authority’s Executive Director Kulman Ghising.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 24: Nepal's hydropower generation capacity will reach 3,000 megawatts within the current financial year, claimed Nepal Electricity Authority’s Executive Director Kulman Ghising. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Ghising made such remarks during a program organized to appreciate the best taxpayers on the occasion of the National Tax Day on Wednesday. Ghising argued that many hydropower projects are about to be completed. As a result, the production capacity of the country will increase soon, said Ghising.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He added Nepal's hydropower production capacity will reach 15,000 megawatts in the next 5 to 6 years, and estimated that the authority will pay about Rs 5 billion in revenue to the government annually after that. He informed that the authority currently pays Rs 1.70 billion to the government in revenue annually.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Ghising said that hydropower projects can contribute greatly to the revenue if they get good promotion. He informed that the NEA earned Rs 11 billion in revenue through the export of electricity in the first four months of the current fiscal year. He added that hydropower is important for the prosperity of the country.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16113', 'image' => '20221124015619_20190122124004_Kulman-Ghising.jpg', 'article_date' => '2022-11-24 13:55:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16371', 'article_category_id' => '1', 'title' => 'Import of Petroleum Products Declines', 'sub_title' => '', 'summary' => 'November 24: The import of diesel, petrol and cooking gas (LPG) has declined in the first four months of the current fiscal year compared to the corresponding period of last year', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 24: The import of diesel, petrol and cooking gas (LPG) has declined in the first four months of the current fiscal year compared to the corresponding period of last year, according to the data released by the Department of Customs.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">In the past, petroleum products used to top the list of imported goods but fuel imports.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although the amount of petroleum product imported into the country has decreased due to the sharp increase in the price of crude oil in the international market and the devaluation of the Nepalese currency, the amount money flowing out of the country has increased. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Last year, Rs 34.34 billion was spent on imports of diesel, which decreased to Rs 44.28 billion this year. This year, diesel is the most imported commodity from mid-September to mid-November although the quantity of imports decreased by 26.63 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Meanwhile, the country imported petrol worth Rs 23.69 billion in the review period. Last year, only Rs 18.66 billion was spent on petrol imports. Similarly, LP gas worth Rs 19.64 billion was imported this year against imports worth Rs 17.43 billion last year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">By mid-October this year, palmolin exports worth Rs 5.54 billion topped the list of exported items from Nepal. Similarly, soybean oil worth Rs 5.32 billion and refined palm oil worth Rs 3.38 billion were exported in the review period, according to the data released by the department.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16112', 'image' => '20221124123327_petroo - Copy.jpg', 'article_date' => '2022-11-24 12:32:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16370', 'article_category_id' => '1', 'title' => 'Election Results Indicate No Clear Majority in Parliament', 'sub_title' => '', 'summary' => 'November 24: No political party is likely to secure two-thirds majority in the election to the House of Representatives held on November 20. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 24: No political party is likely to secure two-thirds majority in the election to the House of Representatives held on November 20. However, the final results of the election are yet to be announced. The Election Commission has said that the final results will be announced within a few days. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the second time that the country held election to the HoR after the establishment of a republican setup in Nepal. During the last general election held in 2017, the leftist alliance led by CPN-UML had secured two-thirds majority in parliament. However, due to internal disputes, the left alliance could not rule for a full five-year term. The leftist government led by KP Sharma Oli fell after the party broke down due to internal dispute while the court failed to recognize the unified left alliance. Subsequently, a new coalition government led by Nepali Congress President Sher Bahadur Deuba was formed and is still governing the country.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A political party needs to secure 138 seats in the 275-member House of Representatives which includes 165 seats in the first-past-the-post electoral (FTPT) system and 110 seats in proportional representation (PR) category.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">But the results obtained so far does not indicate any party will secure majority seats in parliament. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the latest results of the EC, the ruling Nepali Congress is ahead in the election. However, the NC is yet to secure majority seats so far. The NC has won 19 seats of HoR as of Wednesday evening and is leading the vote count in 37 constituencies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, the CPN-UML has won seven seats and is ahead in 37 constituencies. Similarly, the newly-formed Rastriya Swatantra Party has secured four seats in the lower house and is leading in five constituencies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The CPN Maoist Centre, which had formed an electoral alliance with the NC, has so far won three seats in HoR and is ahead in 13 constituencies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The CPN Unified Socialist has won two seats and is ahead in seven constituencies. Likewise, Janata Samajbadi Party, Rastriya Prajatantra Party, Nagarik Unnmukti Party and Loktantril Samajbadi Party have each won one seat in the federal parliament. </span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16111', 'image' => '20221124112330_KN_Damauli-image_6483441.jpg', 'article_date' => '2022-11-24 11:22:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '16384', 'article_category_id' => '1', 'title' => 'Government Preparing a 10-year Industrial Policy', 'sub_title' => '', 'summary' => 'ovember 25: The Ministry of Industry, Commerce and Supply has said that it is making necessary preparations to draft a 10-year industrial policy.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 25: The Ministry of Industry, Commerce and Supply has said that it is making necessary preparations to draft a 10-year industrial policy. The ministry informed that industrialization is necessary for economic stability and that it is working on making an industrial policy for the next decade.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Commerce Secretary, Dr Toynarayan Gyawali, made such announcement on the eve of the Industry Day.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The government is celebrating the eighth Industry Day today (Friday) with the theme 'Industrial Investment and Infrastructure: A Strong Foundation for Prosperity'.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Similarly, Dr Gyawali said that the Ministry of Industry, Commerce and Supplies facilitates the industrialists and the construction of industrial infrastructure while plans are underway to support the industries. He said that the ministry is committed to solving the problems of the industry and business sectors. On that occasion, Gyawali also said that the government is positive to give concessions to the members who join the 'Make in Nepal, Swadeshi' campaign launched by the Confederation of Nepalese Industries (CNI).</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Director General of the Department of Industries, Ramchandra Tiwari, said that the CNI has moved forward after intensive study for the development of the industrial sector and said that the government expects similar efforts from the private sector. He thinks that industrial development can be achieved by working together with the private sector. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bishnu Kumar Agarwal, president of CNI, requested concessions for the members involved in the 'Make in Nepal, Swadeshi' campaign. He pointed out the need for concessions by giving the example of the 'Make In' campaign being conducted under the leadership of the government in India, Australia and other countries. The 'Make in Nepal, Swadeshi' campaign is being conducted under the initiative of the CNI.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The government has also mentioned that it will support this campaign through the budget. Agarwal said that by giving concessions to the products associated with the campaign, the consumption and export of domestic products will be encouraged. He also emphasized that the Ministry of Industry should become a 'focal ministry' for industrialists.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16125', 'image' => '20221125010527_Industrial-Policy.jpg', 'article_date' => '2022-11-25 13:04:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16383', 'article_category_id' => '1', 'title' => 'Government Shows Lack of Interest to Purchase Paddy from Farmers', 'sub_title' => '', 'summary' => 'November 25: The government seems hardly interested to purchase paddy grown by the farmers with hard work throughout the year. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 25: The government seems hardly interested to purchase paddy grown by the farmers with hard work throughout the year. The government is showing no signs of buying paddy from the farmers even three weeks after fixing the minimum support price. Due to the government’s indifference, farmers across the country are forced to sell paddy at throw-away prices.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The state-owned Food Management and Trading Company Limited has been entrusted with the responsibility of purchasing rice at minimum support price from 10 districts that produce abundance of rice. Most of the farmers of Kailali, Kanchanpur, Bardia, Banke, Rupandehi, Janakpur, Jhapa and other districts, where the organization always buys paddy, have already sold 50 percent of their paddy at a low price of Rs 1,000 per quintal even before the support price was set. The income earned by the farmers by selling paddy to the businessmen is one third of the support price fixed by the government later.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Farmers, who were hoping to sell the remaining rice at the right price after the government set the support price, were disappointed when the company entrusted to purchase paddy did not make any arrangements to buy the produce. The company, which failed to start the procurement process at the right time, pretended that it has not received any instructions for the of paddy.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Agni Aryal, coordinator of Rajapur Paddy Superzone, says that since the government does not buy rice at the support price, the traders and middlemen take advantage of it. Traders buy paddy from farmers at throw-away prices and produce rice from it and sell it at a high price. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Sharmila Neupane Subedi, information officer of the Food Management and Trading Company Limited said that the procurement process was delayed because of the elections. According to her, the government fixed the support price right before the election and since the employees of the company also had to be deployed for the election, the purchase of paddy did not begin. Although she said that the procurement work will start soon, she could not tell the exact date. She says that the process has been halted because they have not yet received instructions from the Ministry of Industry, Commerce and Supplies for the purchase of paddy.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Urmila KC, the spokesperson of the Ministry of Industry, Commerce and Supplies on the other hand claims that the ministry has already sent a letter to the FMTCL on November 2 with instructions to purchase the paddy. She said, “We have already corresponded from here, but we do not know why the company delayed the purchase.”</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">This year, the government has arranged a budget of Rs 33 million to purchase about 300,000 metric tons of paddy at the minimum support price through agricultural cooperatives. The Food Management Company has also set aside Rs 98.91 million to buy 30,200 metric tons of rice.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16124', 'image' => '20221125125626_paddyyyy.jpg', 'article_date' => '2022-11-25 12:55:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16382', 'article_category_id' => '1', 'title' => 'Nepal’s Foreign Trade Declines by 20 Percent', 'sub_title' => '', 'summary' => 'November 25: Nepal’s foreign trade declined by 20 percent in the first four months of the current fiscal year (FY 2022/23). ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">November 25: Nepal’s foreign trade declined by 20 percent in the first four months of the current fiscal year (FY 2022/23). As a result, the country’s trade deficit also declined by 16 percent. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The decline in trade deficit amid devaluation of the Nepalese currency, Russia-Ukraine war and rising prices of petroleum products in the international market is considered to be a positive sign for the Nepalese economy. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">However, it is a warning sign to the government’s revenue which chiefly relies on imports. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Experts believe that the foreign trade of Nepal declined in the review period due to various factors including the Covid-19 pandemic, global inflation due to Russia-Ukraine war, decline in banks’ credit flow for imports and the policy adopted by the government to discourage imports to ease the pressure on foreign exchange reserves.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to the data released by the Department of Customs, the volume of Nepal’s foreign trade in the review period stood at Rs 587.46 billion against Rs 732.41 billion in the corresponding period of last fiscal year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">During this period, the country’s imports dropped by Rs 117.60 billion (18.08 percent) to Rs 532.69 billion. The drop in the country’s imports was due to the government’s policy to discourage imports.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Citing a pressure on declining foreign currency reserves, the government had imposed restrictions on imports of luxury goods in April. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The country’s exports also dropped by 33.30 percent in the review period.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The country exported goods worth Rs 54.77 billion in the first four months of the current fiscal year. The figure was Rs 82.12 billion during the corresponding period of last fiscal year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Due to the decline in trade deficit, the Balance of Payments recorded a surplus after a gap of 14 months.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16123', 'image' => '20221125120845_Trade.jpg', 'article_date' => '2022-11-25 12:07:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16379', 'article_category_id' => '1', 'title' => 'UML, NC get over 800,000 Votes under Proportional Representation Category ', 'sub_title' => '', 'summary' => 'November 25: Vote counting under the election to the member of the House of Representatives (HoR) and provincial assemblies is in progress.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 25: Vote counting under the election to the member of the House of Representatives (HoR) and provincial assemblies is in progress. According to the Election Commission, the CPN (UML) is leading the vote-count tally towards the Proportional Representation (PR) election system as per the vote-count until 6 am today (November 25). The UML has been leading the PR vote tally since the beginning of the vote counting. The left-wing party has secured 894,409 votes so far. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepali Congress has garnered 857,621 votes while the Rastriya Swatantra Party has obtained 432,575 votes and is in third position in terms of the number of votes towards the PR election system so far. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The CPN (Maoist Centre), which is in the fourth position in the votes tally, has collected 402,499 votes and the Rastriya Prajatantra Party (RPP) is in the fifth position with 233,375. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Janata Samajbadi Party has secured 112,579 votes, followed by the Janamat Party (67,614 votes), the Nagarik Unmukti Party (62,547 votes), the CPN (Unified Socialist) (61,704 votes) and Nepal Workers and Peasants Party (56,183 votes) votes till now. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Lokatantrik Samajbadi Party Nepal has obtained 51,200 votes, the Hamro Nepali Party 29,423 votes, the Rastriya Janamorcha 21,814 votes and the Mongol National Organisation 17,186 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CPN (ML), the Rastriya Janamukti Party, the Nepal Sanghiya Samajbadi Party, the Sanghiya Lokatantrik Rastriya Manch, the Rastriya Prajatantra Party Nepal, among other parties, each has garnered less than 10,000 votes towards the PR system so far. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16122', 'image' => '20221125104058_JBS_Pokhara-IMG_20221124_124546.jpg', 'article_date' => '2022-11-25 10:40:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16380', 'article_category_id' => '1', 'title' => 'Ronaldo Proves ‘Ringmaster’ yet Again', 'sub_title' => '', 'summary' => 'November 25: Kicked out by his club Manchester United, suspended by the Football Association and deemed over the hill by many, Cristiano Ronaldo answered critics in the best possible fashion with another record-breaking display during the World Cup on Thursday.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 25: Kicked out by his club Manchester United, suspended by the Football Association and deemed over the hill by many, Cristiano Ronaldo answered critics in the best possible fashion with another record-breaking display during the World Cup on Thursday.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Two days after Manchester United abruptly ended his second stint at Old Trafford following his criticism of the club, Ronaldo took out his frustration on Ghana as Portugal opened their World Cup campaign with a nervy 3-2 victory, Reuters reported.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The five-time Ballon d'Or winner showed that at 37 he retains the magical knack of delivering when it matters, added Reuters.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the news agency, Ronaldo went into the match already holding the world record for international goals and he took his total to 118 in the 65th minute with a penalty that made him the first player ever to score in five editions of the men's World Cup.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Meanwhile, the BBC reported that the goal and result will be a welcome distraction from the off-field issues that has clouded Ronaldo's build-up to the tournament.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The frontman, who had earlier missed two big chances and had a goal ruled out, saw his big moment come in the second half, added the BBC. With Southampton defender Mohammed Salisu in close attendance, Ronaldo hit the deck and the American referee pointed to the spot, which he stepped up to convert with aplomb.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“It is easy to talk about Ronaldo in terms of statistics alone, with so many milestones chalked up. But to watch him on Thursday, especially after a week in which he was ditched by United and sanctioned by England's FA for breaking a young Everton fan's phone, was to appreciate exactly what marks him out as many people's greatest of all time,” wrote Reuters.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Remarkably, Ronaldo has now scored in all 10 major tournaments in which he has appeared for Portugal, a run beginning when he was a fresh-faced youngster at Euro 2004, the news agency further reported.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Importantly for Portugal's chances of going deep in Qatar, it was not just the Ronaldo show as his team mates, especially in the second half, took more responsibility. After Ghana surprisingly levelled, it was Joao Felix who restored Portugal's lead with a deft finish and then a sublime run and pass by Bruno Fernandes set up substitute Rafael Leao. But the night, one again, belonged to CR7, Reuters concluded in its news report.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16121', 'image' => '20221125111639_ron.jpg', 'article_date' => '2022-11-25 11:16:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16381', 'article_category_id' => '1', 'title' => 'Brazil Outclass Serbia in Opening Match', 'sub_title' => '', 'summary' => 'November 25: Brazil outclassed Serbia 2-0 in their World Cup opener on Thursday as Richarlison scored two second-half goals, including a spectacular overhead kick.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 25: Brazil outclassed Serbia 2-0 in their World Cup opener on Thursday as Richarlison scored two second-half goals, including a spectacular overhead kick, Reuters reported</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the news agency, an ankle injury sustained by Neymar however put a damper on their celebrations.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Richarlison has been in fine form when wearing the golden yellow kit of Brazil this year and he opened the scoring with an easy tap-in before doubling the lead with his acrobatic effort, added Reuters.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“It was his ninth goal for Brazil in seven games in 2022 as Brazil leapfrogged Switzerland, who beat Cameroon 1-0, to the top of Group G. Serbia are bottom.”</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16120', 'image' => '20221125113223_brazil.jpg', 'article_date' => '2022-11-25 11:31:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16378', 'article_category_id' => '1', 'title' => 'NC, UML, Maoist Centre lead FTPT Vote Count ', 'sub_title' => '', 'summary' => 'November 24: The counting of votes under the elections to the members of the House of Representatives and provincial assemblies is currently underway. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 24: The counting of votes under the elections to the members of the House of Representatives and provincial assemblies is currently underway. According to the Election Commission, the Nepali Congress (NC) has won the highest seats towards the first-past-the-post (FPTP) electoral system by the time this news report was prepared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The party has won 30 HoR seats out of 165. NC leader Yogesh Gauchan Thakali was the first candidate to secure victory for the party from Mustang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The party’s central President and Prime Minister Sher Bahadur Deuba, senior leader Ram Chandra Poudel, general secretaries Gagan Kumar Thapa and Bishwa Prakash Sharma, leaders Prakash Man Singh, Dr Shashanka Koirala, Dilendra Prasad Badu and Ramesh Lekhak have secured their places in the HoR. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Other winning candidates from the party are Bir Bahadur Balayar, Pradeep Poudel, Santosh Chalise, Rajan KC, Uday Shamser JB Rana, Durlav Thapa Chhetri, Mohan Acharya, Ramhari Khatiwada, Ajay Kumar Chaurasiya, Ramesh Rijal, Shyam Kumar Ghimire, Tek Bahadur Gurung, Kishore Singh Rathore, Dikpal Kumar Shahi, Hridayram Thani, Pushpa Bahadur Shah, Narayan Prasad Saud, Shankar Bhandari, Rajendra Bajgain, Dev Prasad Timilsina and Kham Bahadur Garbuja. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, CPN (UML) has won the 17 seats. The elected candidates of UML include party Chair KP Sharma Oli, Prithvi Subba Gurung, Yogesh Kumar Bhattarai, Gokarna Raj Bista, Krishna Gopal Shrestha, Top Bahadur Raymajhi, Rajendra Kumar Rai, Lal Prasad ( LP) Sawa Limbu, Dev Raj Ghimire, Ambar Bahadur Rayamajhi, Manbir Rai, Raj Kumar Gupta, Mahesh Kumar Bartaula, Prem Bahadur Maharjan, Bidya Bhattarai, Padam Giri and Basudev Ghimire. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CPN (Maoist Centre) has secured victory in nine constituencies and the elected candidates are party Chair Pushpa Kamal Dahal, leaders Barshaman Pun, Shakti Bahadur Basnet, Devendra Poudel, Raj Kumar Rai, Lekhnath Dahal, Rekha Sharma, Purna Bahadur Bishwokarma and Madhav Sapkota. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the CPN (Unified Socialist) has won six seats and the winning candidates are party Chair Madhav Kumar Nepal, leaders Krishna Kumar Shrestha, Prakash Jwala, Sher Bahadur Kunwar, Prem Bahadur Ale and Bhanu Bhakta Joshi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Rastriya Swatantra Party has secured victory in five constituencies and the elected candidates are party Chair Ravi Lamichhane, Sobita Gautam, Shishir Khanal, Ganesh Parajuli, and Biraj Bhakta Shrestha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Rastriya Prajatantra Party (RPP) has won three seats and the winning candidates are Dhawal Shamsher Rana, Deepak Bahadur Singh and Gyan Bahadur Shahi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Loktantrik Samajbadi Party has clinched victory in two constituencies and the elected members are Sarvendra Nath Shukla and Ram Prakash Chaudhary. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Janamat Party’s Chandra Kant Raut, independent candidate Lalbir Chaudhary and Nagarik Unmukti Party’s Ganga Ram Chaudhary have won a seat each. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16119', 'image' => '20221124082106_20221123050626_20220805085711_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-24 20:20:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16377', 'article_category_id' => '1', 'title' => 'Switzerland Edge Past Cameroon in Opening Match', 'sub_title' => '', 'summary' => 'November 24: Switzerland made a winning start to their World Cup campaign with a 1-0 win over Cameroon in their group-stage match on Thursday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">AGENCIES</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 24: Switzerland made a winning start to their World Cup campaign with a 1-0 win over Cameroon in their group-stage match on Thursday.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to Reuters, Cameroon-born Breel Embolo scored the winning goal against the run of the play in the opening match of Group G.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">AFP reported that Embolo struck three minutes into the second half as Switzerland secured a vital three points in a group that includes tournament favourites Brazil and Serbia.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The 25-year-old refused to celebrate the goal as the small group of Swiss fans cheered wildly at Al Janoub Stadium, added Reuters.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Cameroon have now lost their last eight World Cup matches going back to 2002.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Meanwhile, AFP reported that Roger Milla was presented with an award before kick-off as the oldest goalscorer in World Cup history, a reminder of past glories for Cameroon who have won just one game since reaching the quarter-finals 32 years ago.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16118', 'image' => '20221124061800_Switzerland-vs-Cameroon-World-Cup-2022-scaled.jpg', 'article_date' => '2022-11-24 18:17:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16376', 'article_category_id' => '1', 'title' => 'Global Regulators to Target Crypto Platforms after FTX Crash', 'sub_title' => '', 'summary' => 'November 24: The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such 'conglomerate' platforms will be the focus for 2023, the new chair of global securities watchdog IOSCO said in an interview with Reuters.', 'content' => '<p><span style="font-size:16px">Global regulators to target crypto platforms after FTX crash<br /> AGENCIES<br /> November 24: The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such 'conglomerate' platforms will be the focus for 2023, the new chair of global securities watchdog IOSCO said in an interview with Reuters.<br /> According to the news agency, IOSCO chair Jean-Paul Servais said regulating crypto platforms could draw on principles from other sectors which handle conflicts of interest, such as at credit rating agencies and compilers of market benchmarks, without having to start from scratch.<br /> Cryptoassets like bitcoin have been around for years but regulators have resisted jumping in to write new rules. But the implosion at FTX, which left an estimated one million creditors facing losses totalling billions of dollars, will help change that, Servais told Reuters.<br /> In a report published in early November, Reuters had said that at least one billion dollars of customer funds have vanished from collapsed crypto exchange FTX.<br /> "The sense of urgency was not the same even two or three years ago. There are some dissenting opinions about whether crypto is a real issue at the international level because some people think that it's still not a material issue and risk," Reuters quoted Servais as saying.<br /> "Things are changing and due to the interconnectivity between different types of businesses, I think it's now important that we are able to start a discussion and that's where we are going."<br /> IOSCO, which coordinates rules for G20 countries and others, has already set out principles for regulating stablecoins, but now the focus is turning to platforms which trade in them.<br /> According to Reuters, Madrid-based IOSCO, or International Organization of Securities Commissions, is an umbrella body for market watchdogs like the Securities and Exchange Commission in the United States, Bafin in Germany, Japan's Financial Services Agency, and the UK Financial Conduct Authority, who all commit to applying the body's recommendations.<br /> "I think that the world is changing. We know there is some space for developing new standards about supervision of this kind of crypto conglomerates. There is an obvious necessity," Servais reportedly said.<br /> It may be noted that Nepal Rastra Bank, the central bank of Nepal, has been issuing notices time and again warning the general public not to use crypto currency, arguing that transactions involving crypto currencies are not legally recognized in Nepal and are not guaranteed by the government<br /> NRB says that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB added.</span><br /> </p> <p><span style="font-size:16px">Read Also:<br /> https://www.newbusinessage.com/Articles/view/15797</span></p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16117', 'image' => '20221124054608_20220816103615_Cryptoshutterstock_1434643079.jpg', 'article_date' => '2022-11-24 17:45:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16375', 'article_category_id' => '266', 'title' => 'Sunsilk Announces Winners of Sunsilk Dashain Vibes 2', 'sub_title' => '', 'summary' => 'November 24: Sunsilk has announced the winners of Sunsilk Dashain Vibes 2, which was launched during the festive season of Dashain 2021.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 24: Sunsilk has announced the winners of Sunsilk Dashain Vibes 2, which was launched during the festive season of Dashain 2021.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Sumitra Maurati, Prinsika Shrestha and Sanisha Bhattarai were declared as the winners of the contest during the grand finale held at Hotel Radisson on November 23. Each of the winners bagged a purse of Rs 100,000 .</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to a statement issued by the company, the girls will now be leading the #SunsilkGangofGirls along with brand ambassadors Princy and Prisma for a year along with an opportunity of being featured in Sunsilk packs next year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The campaign garnered over 66M views in TikTok and over 100M views through all digital platforms, added the statement.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the Managing Director of Unilever Nepal, Amlan Mukherjee, the company wants its brands along with its consumers to be associated with local festivals and culture.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“Sunsilk Dashain Vibes and Sunsilk Gang of Girls activation are among such efforts,” said Mukherjee, adding,</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“We are proud to introduce the Sunsilk Gang of Girls who are the winners of Sunsilk Dashain Vibes contest launched during Dashain 2021 and it was an unprecedented success. Sunsilk believes that girls thrive when they explore possibilities, and we gave them the opportunity to showcase their beautiful hair and feature in the bottles of brand.”</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16116', 'image' => '20221124035520_IMG-20221123-WA0003.jpg', 'article_date' => '2022-11-24 15:54:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16374', 'article_category_id' => '1', 'title' => 'Surya Nepal Honoured as the Highest Taxpaying Company', 'sub_title' => 'Vijay Shah of Jawlakhel Group of Industries Bags the Honour in Individual Category', 'summary' => 'November 24: The government on Wednesday honoured the top taxpayers of the country among whom Surya Nepal Private Limited was declared the highest taxpayer company for the last fiscal year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 24: The government on Wednesday honoured the top taxpayers of the country among whom Surya Nepal Private Limited was declared the highest taxpayer company for the last fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Finance Secretary Krishna Hari Pushkar honored Surya Nepal amid a programme organized by the Inland Revenue Department in the capital to mark the National Tax Day 2022. The government honored individuals and organizations under 15 different categories.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the IRD, Surya Nepal paid taxes worth Rs 10.72 billion in the Fiscal Year 2021/22, up from Rs 9.34 billion in the previous fiscal year. The annual turnover of the multinational company in 2021 was about Rs 24.5 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the rating agency Care Rating Nepal, Surya Nepal earned a net profit of Rs 9.41 billion in 2021 and Rs 9.55 billion in 2020. The company, which has a large share in the cigarette trade of Nepal, did business worth Rs 24 billion 493 million during the review year. It also sells matchboxes, incense sticks and confectionaries.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Vijaya Shah of Jawalakhel Group of Industries received recognition as the largest taxpayer in individual category in the last fiscal year. Shah leads the group of industries, which incorporates companies like Jawalakhel Distillery, Vijay Distillery, Himalayan Distillery, Raj Brewery and Asian Distillery. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, Nepal Telecom bagged the award of the largest income taxpayer.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">OBC Foods received the honours as the highest taxpayer in agriculture category while export-based companies Shiva Shakti Ghee and Rajesh Metal Crafts were recognized for the contribution to the state treasury in their respective category.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nabil Bank also received the award in the banking sector while IME Remittance from remittance group and Chhimek Microfinance Company from cooperative group were also among those honoured by the government for the contribution. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16115', 'image' => '20221124032148_20200911125203_1599773733.Clipboard04.jpg', 'article_date' => '2022-11-24 15:21:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16373', 'article_category_id' => '1', 'title' => 'Private Sector Stakeholders Discuss Disaster Resilience', 'sub_title' => '', 'summary' => 'November 24: NET consortium on Tuesday organized the second event of the Bamboo Series under its Climate Initiative on the topic ‘Are businesses prepared for disasters?’.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 24: NET consortium on Tuesday organized the second event of the Bamboo Series under its Climate Initiative on the topic ‘Are businesses prepared for disasters?’. The event provided great insights into the challenges faced by businesses during disasters like COVID-19, the response mechanism adopted by them, and the importance of disaster preparedness, reads a statement issued by the NET consortium, which comprises of three organizations namely National Disaster Risk Reduction Centre (NDRC) Nepal, Enterprise for Management, Economic Reform and Gender Equality (EMERGE), and Tangent Waves. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During the programme, Shraddha Joshi, executive director of A.N.T Holidays Pvt Ltd, a travel agency in Nepal, pointed out the need to develop Business Continuity Plan (BCP) for their businesses to manage disasters better.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Likewise, Gajendra Malla, of Village Café, stressed that the government must address the social safety nets for women workers who are most affected during disasters. He also added that there is an urgent need to train women in disaster management, added the statement.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Brijendra Rochan Joshi, CEO of Rooster Logic, expressed the need to have access to information on the available resources from Government to mitigate the challenges.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Similarly, Anisha Karn, CEO of SmartPaani added that many SMEs do not benefit from the various support mechanisms that exist to mitigate disasters. She also highlighted how businesses are inadequately resourced to manage disasters themselves.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The key takeaway from the second session of the Bamboo Series was the need to have BCPs to make businesses disaster resilient, the statement further said.</span></span></p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16114', 'image' => '20221124023351_Untitled.jpg', 'article_date' => '2022-11-24 14:32:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16372', 'article_category_id' => '1', 'title' => 'Nepal to Produce 3000MW of Electricity within Current FY: Kulman Ghising', 'sub_title' => '', 'summary' => 'November 24: Nepal's hydropower generation capacity will reach 3,000 megawatts within the current financial year, claimed Nepal Electricity Authority’s Executive Director Kulman Ghising.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 24: Nepal's hydropower generation capacity will reach 3,000 megawatts within the current financial year, claimed Nepal Electricity Authority’s Executive Director Kulman Ghising. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Ghising made such remarks during a program organized to appreciate the best taxpayers on the occasion of the National Tax Day on Wednesday. Ghising argued that many hydropower projects are about to be completed. As a result, the production capacity of the country will increase soon, said Ghising.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He added Nepal's hydropower production capacity will reach 15,000 megawatts in the next 5 to 6 years, and estimated that the authority will pay about Rs 5 billion in revenue to the government annually after that. He informed that the authority currently pays Rs 1.70 billion to the government in revenue annually.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Ghising said that hydropower projects can contribute greatly to the revenue if they get good promotion. He informed that the NEA earned Rs 11 billion in revenue through the export of electricity in the first four months of the current fiscal year. He added that hydropower is important for the prosperity of the country.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16113', 'image' => '20221124015619_20190122124004_Kulman-Ghising.jpg', 'article_date' => '2022-11-24 13:55:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16371', 'article_category_id' => '1', 'title' => 'Import of Petroleum Products Declines', 'sub_title' => '', 'summary' => 'November 24: The import of diesel, petrol and cooking gas (LPG) has declined in the first four months of the current fiscal year compared to the corresponding period of last year', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 24: The import of diesel, petrol and cooking gas (LPG) has declined in the first four months of the current fiscal year compared to the corresponding period of last year, according to the data released by the Department of Customs.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">In the past, petroleum products used to top the list of imported goods but fuel imports.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although the amount of petroleum product imported into the country has decreased due to the sharp increase in the price of crude oil in the international market and the devaluation of the Nepalese currency, the amount money flowing out of the country has increased. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Last year, Rs 34.34 billion was spent on imports of diesel, which decreased to Rs 44.28 billion this year. This year, diesel is the most imported commodity from mid-September to mid-November although the quantity of imports decreased by 26.63 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Meanwhile, the country imported petrol worth Rs 23.69 billion in the review period. Last year, only Rs 18.66 billion was spent on petrol imports. Similarly, LP gas worth Rs 19.64 billion was imported this year against imports worth Rs 17.43 billion last year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">By mid-October this year, palmolin exports worth Rs 5.54 billion topped the list of exported items from Nepal. Similarly, soybean oil worth Rs 5.32 billion and refined palm oil worth Rs 3.38 billion were exported in the review period, according to the data released by the department.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16112', 'image' => '20221124123327_petroo - Copy.jpg', 'article_date' => '2022-11-24 12:32:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16370', 'article_category_id' => '1', 'title' => 'Election Results Indicate No Clear Majority in Parliament', 'sub_title' => '', 'summary' => 'November 24: No political party is likely to secure two-thirds majority in the election to the House of Representatives held on November 20. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 24: No political party is likely to secure two-thirds majority in the election to the House of Representatives held on November 20. However, the final results of the election are yet to be announced. The Election Commission has said that the final results will be announced within a few days. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the second time that the country held election to the HoR after the establishment of a republican setup in Nepal. During the last general election held in 2017, the leftist alliance led by CPN-UML had secured two-thirds majority in parliament. However, due to internal disputes, the left alliance could not rule for a full five-year term. The leftist government led by KP Sharma Oli fell after the party broke down due to internal dispute while the court failed to recognize the unified left alliance. Subsequently, a new coalition government led by Nepali Congress President Sher Bahadur Deuba was formed and is still governing the country.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A political party needs to secure 138 seats in the 275-member House of Representatives which includes 165 seats in the first-past-the-post electoral (FTPT) system and 110 seats in proportional representation (PR) category.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">But the results obtained so far does not indicate any party will secure majority seats in parliament. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the latest results of the EC, the ruling Nepali Congress is ahead in the election. However, the NC is yet to secure majority seats so far. The NC has won 19 seats of HoR as of Wednesday evening and is leading the vote count in 37 constituencies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, the CPN-UML has won seven seats and is ahead in 37 constituencies. Similarly, the newly-formed Rastriya Swatantra Party has secured four seats in the lower house and is leading in five constituencies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The CPN Maoist Centre, which had formed an electoral alliance with the NC, has so far won three seats in HoR and is ahead in 13 constituencies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The CPN Unified Socialist has won two seats and is ahead in seven constituencies. Likewise, Janata Samajbadi Party, Rastriya Prajatantra Party, Nagarik Unnmukti Party and Loktantril Samajbadi Party have each won one seat in the federal parliament. </span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16111', 'image' => '20221124112330_KN_Damauli-image_6483441.jpg', 'article_date' => '2022-11-24 11:22:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '16384', 'article_category_id' => '1', 'title' => 'Government Preparing a 10-year Industrial Policy', 'sub_title' => '', 'summary' => 'ovember 25: The Ministry of Industry, Commerce and Supply has said that it is making necessary preparations to draft a 10-year industrial policy.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 25: The Ministry of Industry, Commerce and Supply has said that it is making necessary preparations to draft a 10-year industrial policy. The ministry informed that industrialization is necessary for economic stability and that it is working on making an industrial policy for the next decade.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Commerce Secretary, Dr Toynarayan Gyawali, made such announcement on the eve of the Industry Day.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The government is celebrating the eighth Industry Day today (Friday) with the theme 'Industrial Investment and Infrastructure: A Strong Foundation for Prosperity'.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Similarly, Dr Gyawali said that the Ministry of Industry, Commerce and Supplies facilitates the industrialists and the construction of industrial infrastructure while plans are underway to support the industries. He said that the ministry is committed to solving the problems of the industry and business sectors. On that occasion, Gyawali also said that the government is positive to give concessions to the members who join the 'Make in Nepal, Swadeshi' campaign launched by the Confederation of Nepalese Industries (CNI).</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Director General of the Department of Industries, Ramchandra Tiwari, said that the CNI has moved forward after intensive study for the development of the industrial sector and said that the government expects similar efforts from the private sector. He thinks that industrial development can be achieved by working together with the private sector. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bishnu Kumar Agarwal, president of CNI, requested concessions for the members involved in the 'Make in Nepal, Swadeshi' campaign. He pointed out the need for concessions by giving the example of the 'Make In' campaign being conducted under the leadership of the government in India, Australia and other countries. The 'Make in Nepal, Swadeshi' campaign is being conducted under the initiative of the CNI.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The government has also mentioned that it will support this campaign through the budget. Agarwal said that by giving concessions to the products associated with the campaign, the consumption and export of domestic products will be encouraged. He also emphasized that the Ministry of Industry should become a 'focal ministry' for industrialists.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16125', 'image' => '20221125010527_Industrial-Policy.jpg', 'article_date' => '2022-11-25 13:04:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16383', 'article_category_id' => '1', 'title' => 'Government Shows Lack of Interest to Purchase Paddy from Farmers', 'sub_title' => '', 'summary' => 'November 25: The government seems hardly interested to purchase paddy grown by the farmers with hard work throughout the year. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 25: The government seems hardly interested to purchase paddy grown by the farmers with hard work throughout the year. The government is showing no signs of buying paddy from the farmers even three weeks after fixing the minimum support price. Due to the government’s indifference, farmers across the country are forced to sell paddy at throw-away prices.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The state-owned Food Management and Trading Company Limited has been entrusted with the responsibility of purchasing rice at minimum support price from 10 districts that produce abundance of rice. Most of the farmers of Kailali, Kanchanpur, Bardia, Banke, Rupandehi, Janakpur, Jhapa and other districts, where the organization always buys paddy, have already sold 50 percent of their paddy at a low price of Rs 1,000 per quintal even before the support price was set. The income earned by the farmers by selling paddy to the businessmen is one third of the support price fixed by the government later.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Farmers, who were hoping to sell the remaining rice at the right price after the government set the support price, were disappointed when the company entrusted to purchase paddy did not make any arrangements to buy the produce. The company, which failed to start the procurement process at the right time, pretended that it has not received any instructions for the of paddy.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Agni Aryal, coordinator of Rajapur Paddy Superzone, says that since the government does not buy rice at the support price, the traders and middlemen take advantage of it. Traders buy paddy from farmers at throw-away prices and produce rice from it and sell it at a high price. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Sharmila Neupane Subedi, information officer of the Food Management and Trading Company Limited said that the procurement process was delayed because of the elections. According to her, the government fixed the support price right before the election and since the employees of the company also had to be deployed for the election, the purchase of paddy did not begin. Although she said that the procurement work will start soon, she could not tell the exact date. She says that the process has been halted because they have not yet received instructions from the Ministry of Industry, Commerce and Supplies for the purchase of paddy.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Urmila KC, the spokesperson of the Ministry of Industry, Commerce and Supplies on the other hand claims that the ministry has already sent a letter to the FMTCL on November 2 with instructions to purchase the paddy. She said, “We have already corresponded from here, but we do not know why the company delayed the purchase.”</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">This year, the government has arranged a budget of Rs 33 million to purchase about 300,000 metric tons of paddy at the minimum support price through agricultural cooperatives. The Food Management Company has also set aside Rs 98.91 million to buy 30,200 metric tons of rice.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16124', 'image' => '20221125125626_paddyyyy.jpg', 'article_date' => '2022-11-25 12:55:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16382', 'article_category_id' => '1', 'title' => 'Nepal’s Foreign Trade Declines by 20 Percent', 'sub_title' => '', 'summary' => 'November 25: Nepal’s foreign trade declined by 20 percent in the first four months of the current fiscal year (FY 2022/23). ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">November 25: Nepal’s foreign trade declined by 20 percent in the first four months of the current fiscal year (FY 2022/23). As a result, the country’s trade deficit also declined by 16 percent. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The decline in trade deficit amid devaluation of the Nepalese currency, Russia-Ukraine war and rising prices of petroleum products in the international market is considered to be a positive sign for the Nepalese economy. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">However, it is a warning sign to the government’s revenue which chiefly relies on imports. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Experts believe that the foreign trade of Nepal declined in the review period due to various factors including the Covid-19 pandemic, global inflation due to Russia-Ukraine war, decline in banks’ credit flow for imports and the policy adopted by the government to discourage imports to ease the pressure on foreign exchange reserves.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to the data released by the Department of Customs, the volume of Nepal’s foreign trade in the review period stood at Rs 587.46 billion against Rs 732.41 billion in the corresponding period of last fiscal year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">During this period, the country’s imports dropped by Rs 117.60 billion (18.08 percent) to Rs 532.69 billion. The drop in the country’s imports was due to the government’s policy to discourage imports.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Citing a pressure on declining foreign currency reserves, the government had imposed restrictions on imports of luxury goods in April. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The country’s exports also dropped by 33.30 percent in the review period.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The country exported goods worth Rs 54.77 billion in the first four months of the current fiscal year. The figure was Rs 82.12 billion during the corresponding period of last fiscal year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Due to the decline in trade deficit, the Balance of Payments recorded a surplus after a gap of 14 months.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16123', 'image' => '20221125120845_Trade.jpg', 'article_date' => '2022-11-25 12:07:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16379', 'article_category_id' => '1', 'title' => 'UML, NC get over 800,000 Votes under Proportional Representation Category ', 'sub_title' => '', 'summary' => 'November 25: Vote counting under the election to the member of the House of Representatives (HoR) and provincial assemblies is in progress.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 25: Vote counting under the election to the member of the House of Representatives (HoR) and provincial assemblies is in progress. According to the Election Commission, the CPN (UML) is leading the vote-count tally towards the Proportional Representation (PR) election system as per the vote-count until 6 am today (November 25). The UML has been leading the PR vote tally since the beginning of the vote counting. The left-wing party has secured 894,409 votes so far. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepali Congress has garnered 857,621 votes while the Rastriya Swatantra Party has obtained 432,575 votes and is in third position in terms of the number of votes towards the PR election system so far. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The CPN (Maoist Centre), which is in the fourth position in the votes tally, has collected 402,499 votes and the Rastriya Prajatantra Party (RPP) is in the fifth position with 233,375. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Janata Samajbadi Party has secured 112,579 votes, followed by the Janamat Party (67,614 votes), the Nagarik Unmukti Party (62,547 votes), the CPN (Unified Socialist) (61,704 votes) and Nepal Workers and Peasants Party (56,183 votes) votes till now. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Lokatantrik Samajbadi Party Nepal has obtained 51,200 votes, the Hamro Nepali Party 29,423 votes, the Rastriya Janamorcha 21,814 votes and the Mongol National Organisation 17,186 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CPN (ML), the Rastriya Janamukti Party, the Nepal Sanghiya Samajbadi Party, the Sanghiya Lokatantrik Rastriya Manch, the Rastriya Prajatantra Party Nepal, among other parties, each has garnered less than 10,000 votes towards the PR system so far. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16122', 'image' => '20221125104058_JBS_Pokhara-IMG_20221124_124546.jpg', 'article_date' => '2022-11-25 10:40:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16380', 'article_category_id' => '1', 'title' => 'Ronaldo Proves ‘Ringmaster’ yet Again', 'sub_title' => '', 'summary' => 'November 25: Kicked out by his club Manchester United, suspended by the Football Association and deemed over the hill by many, Cristiano Ronaldo answered critics in the best possible fashion with another record-breaking display during the World Cup on Thursday.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 25: Kicked out by his club Manchester United, suspended by the Football Association and deemed over the hill by many, Cristiano Ronaldo answered critics in the best possible fashion with another record-breaking display during the World Cup on Thursday.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Two days after Manchester United abruptly ended his second stint at Old Trafford following his criticism of the club, Ronaldo took out his frustration on Ghana as Portugal opened their World Cup campaign with a nervy 3-2 victory, Reuters reported.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The five-time Ballon d'Or winner showed that at 37 he retains the magical knack of delivering when it matters, added Reuters.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the news agency, Ronaldo went into the match already holding the world record for international goals and he took his total to 118 in the 65th minute with a penalty that made him the first player ever to score in five editions of the men's World Cup.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Meanwhile, the BBC reported that the goal and result will be a welcome distraction from the off-field issues that has clouded Ronaldo's build-up to the tournament.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The frontman, who had earlier missed two big chances and had a goal ruled out, saw his big moment come in the second half, added the BBC. With Southampton defender Mohammed Salisu in close attendance, Ronaldo hit the deck and the American referee pointed to the spot, which he stepped up to convert with aplomb.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“It is easy to talk about Ronaldo in terms of statistics alone, with so many milestones chalked up. But to watch him on Thursday, especially after a week in which he was ditched by United and sanctioned by England's FA for breaking a young Everton fan's phone, was to appreciate exactly what marks him out as many people's greatest of all time,” wrote Reuters.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Remarkably, Ronaldo has now scored in all 10 major tournaments in which he has appeared for Portugal, a run beginning when he was a fresh-faced youngster at Euro 2004, the news agency further reported.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Importantly for Portugal's chances of going deep in Qatar, it was not just the Ronaldo show as his team mates, especially in the second half, took more responsibility. After Ghana surprisingly levelled, it was Joao Felix who restored Portugal's lead with a deft finish and then a sublime run and pass by Bruno Fernandes set up substitute Rafael Leao. But the night, one again, belonged to CR7, Reuters concluded in its news report.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16121', 'image' => '20221125111639_ron.jpg', 'article_date' => '2022-11-25 11:16:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16381', 'article_category_id' => '1', 'title' => 'Brazil Outclass Serbia in Opening Match', 'sub_title' => '', 'summary' => 'November 25: Brazil outclassed Serbia 2-0 in their World Cup opener on Thursday as Richarlison scored two second-half goals, including a spectacular overhead kick.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 25: Brazil outclassed Serbia 2-0 in their World Cup opener on Thursday as Richarlison scored two second-half goals, including a spectacular overhead kick, Reuters reported</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the news agency, an ankle injury sustained by Neymar however put a damper on their celebrations.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Richarlison has been in fine form when wearing the golden yellow kit of Brazil this year and he opened the scoring with an easy tap-in before doubling the lead with his acrobatic effort, added Reuters.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“It was his ninth goal for Brazil in seven games in 2022 as Brazil leapfrogged Switzerland, who beat Cameroon 1-0, to the top of Group G. Serbia are bottom.”</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16120', 'image' => '20221125113223_brazil.jpg', 'article_date' => '2022-11-25 11:31:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16378', 'article_category_id' => '1', 'title' => 'NC, UML, Maoist Centre lead FTPT Vote Count ', 'sub_title' => '', 'summary' => 'November 24: The counting of votes under the elections to the members of the House of Representatives and provincial assemblies is currently underway. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 24: The counting of votes under the elections to the members of the House of Representatives and provincial assemblies is currently underway. According to the Election Commission, the Nepali Congress (NC) has won the highest seats towards the first-past-the-post (FPTP) electoral system by the time this news report was prepared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The party has won 30 HoR seats out of 165. NC leader Yogesh Gauchan Thakali was the first candidate to secure victory for the party from Mustang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The party’s central President and Prime Minister Sher Bahadur Deuba, senior leader Ram Chandra Poudel, general secretaries Gagan Kumar Thapa and Bishwa Prakash Sharma, leaders Prakash Man Singh, Dr Shashanka Koirala, Dilendra Prasad Badu and Ramesh Lekhak have secured their places in the HoR. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Other winning candidates from the party are Bir Bahadur Balayar, Pradeep Poudel, Santosh Chalise, Rajan KC, Uday Shamser JB Rana, Durlav Thapa Chhetri, Mohan Acharya, Ramhari Khatiwada, Ajay Kumar Chaurasiya, Ramesh Rijal, Shyam Kumar Ghimire, Tek Bahadur Gurung, Kishore Singh Rathore, Dikpal Kumar Shahi, Hridayram Thani, Pushpa Bahadur Shah, Narayan Prasad Saud, Shankar Bhandari, Rajendra Bajgain, Dev Prasad Timilsina and Kham Bahadur Garbuja. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, CPN (UML) has won the 17 seats. The elected candidates of UML include party Chair KP Sharma Oli, Prithvi Subba Gurung, Yogesh Kumar Bhattarai, Gokarna Raj Bista, Krishna Gopal Shrestha, Top Bahadur Raymajhi, Rajendra Kumar Rai, Lal Prasad ( LP) Sawa Limbu, Dev Raj Ghimire, Ambar Bahadur Rayamajhi, Manbir Rai, Raj Kumar Gupta, Mahesh Kumar Bartaula, Prem Bahadur Maharjan, Bidya Bhattarai, Padam Giri and Basudev Ghimire. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CPN (Maoist Centre) has secured victory in nine constituencies and the elected candidates are party Chair Pushpa Kamal Dahal, leaders Barshaman Pun, Shakti Bahadur Basnet, Devendra Poudel, Raj Kumar Rai, Lekhnath Dahal, Rekha Sharma, Purna Bahadur Bishwokarma and Madhav Sapkota. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the CPN (Unified Socialist) has won six seats and the winning candidates are party Chair Madhav Kumar Nepal, leaders Krishna Kumar Shrestha, Prakash Jwala, Sher Bahadur Kunwar, Prem Bahadur Ale and Bhanu Bhakta Joshi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Rastriya Swatantra Party has secured victory in five constituencies and the elected candidates are party Chair Ravi Lamichhane, Sobita Gautam, Shishir Khanal, Ganesh Parajuli, and Biraj Bhakta Shrestha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Rastriya Prajatantra Party (RPP) has won three seats and the winning candidates are Dhawal Shamsher Rana, Deepak Bahadur Singh and Gyan Bahadur Shahi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Loktantrik Samajbadi Party has clinched victory in two constituencies and the elected members are Sarvendra Nath Shukla and Ram Prakash Chaudhary. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Janamat Party’s Chandra Kant Raut, independent candidate Lalbir Chaudhary and Nagarik Unmukti Party’s Ganga Ram Chaudhary have won a seat each. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16119', 'image' => '20221124082106_20221123050626_20220805085711_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-24 20:20:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16377', 'article_category_id' => '1', 'title' => 'Switzerland Edge Past Cameroon in Opening Match', 'sub_title' => '', 'summary' => 'November 24: Switzerland made a winning start to their World Cup campaign with a 1-0 win over Cameroon in their group-stage match on Thursday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">AGENCIES</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 24: Switzerland made a winning start to their World Cup campaign with a 1-0 win over Cameroon in their group-stage match on Thursday.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to Reuters, Cameroon-born Breel Embolo scored the winning goal against the run of the play in the opening match of Group G.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">AFP reported that Embolo struck three minutes into the second half as Switzerland secured a vital three points in a group that includes tournament favourites Brazil and Serbia.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The 25-year-old refused to celebrate the goal as the small group of Swiss fans cheered wildly at Al Janoub Stadium, added Reuters.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Cameroon have now lost their last eight World Cup matches going back to 2002.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Meanwhile, AFP reported that Roger Milla was presented with an award before kick-off as the oldest goalscorer in World Cup history, a reminder of past glories for Cameroon who have won just one game since reaching the quarter-finals 32 years ago.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16118', 'image' => '20221124061800_Switzerland-vs-Cameroon-World-Cup-2022-scaled.jpg', 'article_date' => '2022-11-24 18:17:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16376', 'article_category_id' => '1', 'title' => 'Global Regulators to Target Crypto Platforms after FTX Crash', 'sub_title' => '', 'summary' => 'November 24: The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such 'conglomerate' platforms will be the focus for 2023, the new chair of global securities watchdog IOSCO said in an interview with Reuters.', 'content' => '<p><span style="font-size:16px">Global regulators to target crypto platforms after FTX crash<br /> AGENCIES<br /> November 24: The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such 'conglomerate' platforms will be the focus for 2023, the new chair of global securities watchdog IOSCO said in an interview with Reuters.<br /> According to the news agency, IOSCO chair Jean-Paul Servais said regulating crypto platforms could draw on principles from other sectors which handle conflicts of interest, such as at credit rating agencies and compilers of market benchmarks, without having to start from scratch.<br /> Cryptoassets like bitcoin have been around for years but regulators have resisted jumping in to write new rules. But the implosion at FTX, which left an estimated one million creditors facing losses totalling billions of dollars, will help change that, Servais told Reuters.<br /> In a report published in early November, Reuters had said that at least one billion dollars of customer funds have vanished from collapsed crypto exchange FTX.<br /> "The sense of urgency was not the same even two or three years ago. There are some dissenting opinions about whether crypto is a real issue at the international level because some people think that it's still not a material issue and risk," Reuters quoted Servais as saying.<br /> "Things are changing and due to the interconnectivity between different types of businesses, I think it's now important that we are able to start a discussion and that's where we are going."<br /> IOSCO, which coordinates rules for G20 countries and others, has already set out principles for regulating stablecoins, but now the focus is turning to platforms which trade in them.<br /> According to Reuters, Madrid-based IOSCO, or International Organization of Securities Commissions, is an umbrella body for market watchdogs like the Securities and Exchange Commission in the United States, Bafin in Germany, Japan's Financial Services Agency, and the UK Financial Conduct Authority, who all commit to applying the body's recommendations.<br /> "I think that the world is changing. We know there is some space for developing new standards about supervision of this kind of crypto conglomerates. There is an obvious necessity," Servais reportedly said.<br /> It may be noted that Nepal Rastra Bank, the central bank of Nepal, has been issuing notices time and again warning the general public not to use crypto currency, arguing that transactions involving crypto currencies are not legally recognized in Nepal and are not guaranteed by the government<br /> NRB says that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB added.</span><br /> </p> <p><span style="font-size:16px">Read Also:<br /> https://www.newbusinessage.com/Articles/view/15797</span></p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16117', 'image' => '20221124054608_20220816103615_Cryptoshutterstock_1434643079.jpg', 'article_date' => '2022-11-24 17:45:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16375', 'article_category_id' => '266', 'title' => 'Sunsilk Announces Winners of Sunsilk Dashain Vibes 2', 'sub_title' => '', 'summary' => 'November 24: Sunsilk has announced the winners of Sunsilk Dashain Vibes 2, which was launched during the festive season of Dashain 2021.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 24: Sunsilk has announced the winners of Sunsilk Dashain Vibes 2, which was launched during the festive season of Dashain 2021.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Sumitra Maurati, Prinsika Shrestha and Sanisha Bhattarai were declared as the winners of the contest during the grand finale held at Hotel Radisson on November 23. Each of the winners bagged a purse of Rs 100,000 .</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to a statement issued by the company, the girls will now be leading the #SunsilkGangofGirls along with brand ambassadors Princy and Prisma for a year along with an opportunity of being featured in Sunsilk packs next year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The campaign garnered over 66M views in TikTok and over 100M views through all digital platforms, added the statement.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the Managing Director of Unilever Nepal, Amlan Mukherjee, the company wants its brands along with its consumers to be associated with local festivals and culture.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“Sunsilk Dashain Vibes and Sunsilk Gang of Girls activation are among such efforts,” said Mukherjee, adding,</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“We are proud to introduce the Sunsilk Gang of Girls who are the winners of Sunsilk Dashain Vibes contest launched during Dashain 2021 and it was an unprecedented success. Sunsilk believes that girls thrive when they explore possibilities, and we gave them the opportunity to showcase their beautiful hair and feature in the bottles of brand.”</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16116', 'image' => '20221124035520_IMG-20221123-WA0003.jpg', 'article_date' => '2022-11-24 15:54:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16374', 'article_category_id' => '1', 'title' => 'Surya Nepal Honoured as the Highest Taxpaying Company', 'sub_title' => 'Vijay Shah of Jawlakhel Group of Industries Bags the Honour in Individual Category', 'summary' => 'November 24: The government on Wednesday honoured the top taxpayers of the country among whom Surya Nepal Private Limited was declared the highest taxpayer company for the last fiscal year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 24: The government on Wednesday honoured the top taxpayers of the country among whom Surya Nepal Private Limited was declared the highest taxpayer company for the last fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Finance Secretary Krishna Hari Pushkar honored Surya Nepal amid a programme organized by the Inland Revenue Department in the capital to mark the National Tax Day 2022. The government honored individuals and organizations under 15 different categories.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the IRD, Surya Nepal paid taxes worth Rs 10.72 billion in the Fiscal Year 2021/22, up from Rs 9.34 billion in the previous fiscal year. The annual turnover of the multinational company in 2021 was about Rs 24.5 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the rating agency Care Rating Nepal, Surya Nepal earned a net profit of Rs 9.41 billion in 2021 and Rs 9.55 billion in 2020. The company, which has a large share in the cigarette trade of Nepal, did business worth Rs 24 billion 493 million during the review year. It also sells matchboxes, incense sticks and confectionaries.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Vijaya Shah of Jawalakhel Group of Industries received recognition as the largest taxpayer in individual category in the last fiscal year. Shah leads the group of industries, which incorporates companies like Jawalakhel Distillery, Vijay Distillery, Himalayan Distillery, Raj Brewery and Asian Distillery. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, Nepal Telecom bagged the award of the largest income taxpayer.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">OBC Foods received the honours as the highest taxpayer in agriculture category while export-based companies Shiva Shakti Ghee and Rajesh Metal Crafts were recognized for the contribution to the state treasury in their respective category.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nabil Bank also received the award in the banking sector while IME Remittance from remittance group and Chhimek Microfinance Company from cooperative group were also among those honoured by the government for the contribution. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16115', 'image' => '20221124032148_20200911125203_1599773733.Clipboard04.jpg', 'article_date' => '2022-11-24 15:21:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16373', 'article_category_id' => '1', 'title' => 'Private Sector Stakeholders Discuss Disaster Resilience', 'sub_title' => '', 'summary' => 'November 24: NET consortium on Tuesday organized the second event of the Bamboo Series under its Climate Initiative on the topic ‘Are businesses prepared for disasters?’.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 24: NET consortium on Tuesday organized the second event of the Bamboo Series under its Climate Initiative on the topic ‘Are businesses prepared for disasters?’. The event provided great insights into the challenges faced by businesses during disasters like COVID-19, the response mechanism adopted by them, and the importance of disaster preparedness, reads a statement issued by the NET consortium, which comprises of three organizations namely National Disaster Risk Reduction Centre (NDRC) Nepal, Enterprise for Management, Economic Reform and Gender Equality (EMERGE), and Tangent Waves. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During the programme, Shraddha Joshi, executive director of A.N.T Holidays Pvt Ltd, a travel agency in Nepal, pointed out the need to develop Business Continuity Plan (BCP) for their businesses to manage disasters better.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Likewise, Gajendra Malla, of Village Café, stressed that the government must address the social safety nets for women workers who are most affected during disasters. He also added that there is an urgent need to train women in disaster management, added the statement.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Brijendra Rochan Joshi, CEO of Rooster Logic, expressed the need to have access to information on the available resources from Government to mitigate the challenges.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Similarly, Anisha Karn, CEO of SmartPaani added that many SMEs do not benefit from the various support mechanisms that exist to mitigate disasters. She also highlighted how businesses are inadequately resourced to manage disasters themselves.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The key takeaway from the second session of the Bamboo Series was the need to have BCPs to make businesses disaster resilient, the statement further said.</span></span></p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16114', 'image' => '20221124023351_Untitled.jpg', 'article_date' => '2022-11-24 14:32:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16372', 'article_category_id' => '1', 'title' => 'Nepal to Produce 3000MW of Electricity within Current FY: Kulman Ghising', 'sub_title' => '', 'summary' => 'November 24: Nepal's hydropower generation capacity will reach 3,000 megawatts within the current financial year, claimed Nepal Electricity Authority’s Executive Director Kulman Ghising.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 24: Nepal's hydropower generation capacity will reach 3,000 megawatts within the current financial year, claimed Nepal Electricity Authority’s Executive Director Kulman Ghising. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Ghising made such remarks during a program organized to appreciate the best taxpayers on the occasion of the National Tax Day on Wednesday. Ghising argued that many hydropower projects are about to be completed. As a result, the production capacity of the country will increase soon, said Ghising.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He added Nepal's hydropower production capacity will reach 15,000 megawatts in the next 5 to 6 years, and estimated that the authority will pay about Rs 5 billion in revenue to the government annually after that. He informed that the authority currently pays Rs 1.70 billion to the government in revenue annually.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Ghising said that hydropower projects can contribute greatly to the revenue if they get good promotion. He informed that the NEA earned Rs 11 billion in revenue through the export of electricity in the first four months of the current fiscal year. He added that hydropower is important for the prosperity of the country.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16113', 'image' => '20221124015619_20190122124004_Kulman-Ghising.jpg', 'article_date' => '2022-11-24 13:55:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16371', 'article_category_id' => '1', 'title' => 'Import of Petroleum Products Declines', 'sub_title' => '', 'summary' => 'November 24: The import of diesel, petrol and cooking gas (LPG) has declined in the first four months of the current fiscal year compared to the corresponding period of last year', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 24: The import of diesel, petrol and cooking gas (LPG) has declined in the first four months of the current fiscal year compared to the corresponding period of last year, according to the data released by the Department of Customs.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">In the past, petroleum products used to top the list of imported goods but fuel imports.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although the amount of petroleum product imported into the country has decreased due to the sharp increase in the price of crude oil in the international market and the devaluation of the Nepalese currency, the amount money flowing out of the country has increased. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Last year, Rs 34.34 billion was spent on imports of diesel, which decreased to Rs 44.28 billion this year. This year, diesel is the most imported commodity from mid-September to mid-November although the quantity of imports decreased by 26.63 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Meanwhile, the country imported petrol worth Rs 23.69 billion in the review period. Last year, only Rs 18.66 billion was spent on petrol imports. Similarly, LP gas worth Rs 19.64 billion was imported this year against imports worth Rs 17.43 billion last year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">By mid-October this year, palmolin exports worth Rs 5.54 billion topped the list of exported items from Nepal. Similarly, soybean oil worth Rs 5.32 billion and refined palm oil worth Rs 3.38 billion were exported in the review period, according to the data released by the department.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16112', 'image' => '20221124123327_petroo - Copy.jpg', 'article_date' => '2022-11-24 12:32:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16370', 'article_category_id' => '1', 'title' => 'Election Results Indicate No Clear Majority in Parliament', 'sub_title' => '', 'summary' => 'November 24: No political party is likely to secure two-thirds majority in the election to the House of Representatives held on November 20. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 24: No political party is likely to secure two-thirds majority in the election to the House of Representatives held on November 20. However, the final results of the election are yet to be announced. The Election Commission has said that the final results will be announced within a few days. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the second time that the country held election to the HoR after the establishment of a republican setup in Nepal. During the last general election held in 2017, the leftist alliance led by CPN-UML had secured two-thirds majority in parliament. However, due to internal disputes, the left alliance could not rule for a full five-year term. The leftist government led by KP Sharma Oli fell after the party broke down due to internal dispute while the court failed to recognize the unified left alliance. Subsequently, a new coalition government led by Nepali Congress President Sher Bahadur Deuba was formed and is still governing the country.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A political party needs to secure 138 seats in the 275-member House of Representatives which includes 165 seats in the first-past-the-post electoral (FTPT) system and 110 seats in proportional representation (PR) category.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">But the results obtained so far does not indicate any party will secure majority seats in parliament. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the latest results of the EC, the ruling Nepali Congress is ahead in the election. However, the NC is yet to secure majority seats so far. The NC has won 19 seats of HoR as of Wednesday evening and is leading the vote count in 37 constituencies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, the CPN-UML has won seven seats and is ahead in 37 constituencies. Similarly, the newly-formed Rastriya Swatantra Party has secured four seats in the lower house and is leading in five constituencies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The CPN Maoist Centre, which had formed an electoral alliance with the NC, has so far won three seats in HoR and is ahead in 13 constituencies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The CPN Unified Socialist has won two seats and is ahead in seven constituencies. Likewise, Janata Samajbadi Party, Rastriya Prajatantra Party, Nagarik Unnmukti Party and Loktantril Samajbadi Party have each won one seat in the federal parliament. </span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16111', 'image' => '20221124112330_KN_Damauli-image_6483441.jpg', 'article_date' => '2022-11-24 11:22:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '16384', 'article_category_id' => '1', 'title' => 'Government Preparing a 10-year Industrial Policy', 'sub_title' => '', 'summary' => 'ovember 25: The Ministry of Industry, Commerce and Supply has said that it is making necessary preparations to draft a 10-year industrial policy.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 25: The Ministry of Industry, Commerce and Supply has said that it is making necessary preparations to draft a 10-year industrial policy. The ministry informed that industrialization is necessary for economic stability and that it is working on making an industrial policy for the next decade.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Commerce Secretary, Dr Toynarayan Gyawali, made such announcement on the eve of the Industry Day.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The government is celebrating the eighth Industry Day today (Friday) with the theme 'Industrial Investment and Infrastructure: A Strong Foundation for Prosperity'.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Similarly, Dr Gyawali said that the Ministry of Industry, Commerce and Supplies facilitates the industrialists and the construction of industrial infrastructure while plans are underway to support the industries. He said that the ministry is committed to solving the problems of the industry and business sectors. On that occasion, Gyawali also said that the government is positive to give concessions to the members who join the 'Make in Nepal, Swadeshi' campaign launched by the Confederation of Nepalese Industries (CNI).</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Director General of the Department of Industries, Ramchandra Tiwari, said that the CNI has moved forward after intensive study for the development of the industrial sector and said that the government expects similar efforts from the private sector. He thinks that industrial development can be achieved by working together with the private sector. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bishnu Kumar Agarwal, president of CNI, requested concessions for the members involved in the 'Make in Nepal, Swadeshi' campaign. He pointed out the need for concessions by giving the example of the 'Make In' campaign being conducted under the leadership of the government in India, Australia and other countries. The 'Make in Nepal, Swadeshi' campaign is being conducted under the initiative of the CNI.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The government has also mentioned that it will support this campaign through the budget. Agarwal said that by giving concessions to the products associated with the campaign, the consumption and export of domestic products will be encouraged. He also emphasized that the Ministry of Industry should become a 'focal ministry' for industrialists.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16125', 'image' => '20221125010527_Industrial-Policy.jpg', 'article_date' => '2022-11-25 13:04:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16383', 'article_category_id' => '1', 'title' => 'Government Shows Lack of Interest to Purchase Paddy from Farmers', 'sub_title' => '', 'summary' => 'November 25: The government seems hardly interested to purchase paddy grown by the farmers with hard work throughout the year. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 25: The government seems hardly interested to purchase paddy grown by the farmers with hard work throughout the year. The government is showing no signs of buying paddy from the farmers even three weeks after fixing the minimum support price. Due to the government’s indifference, farmers across the country are forced to sell paddy at throw-away prices.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The state-owned Food Management and Trading Company Limited has been entrusted with the responsibility of purchasing rice at minimum support price from 10 districts that produce abundance of rice. Most of the farmers of Kailali, Kanchanpur, Bardia, Banke, Rupandehi, Janakpur, Jhapa and other districts, where the organization always buys paddy, have already sold 50 percent of their paddy at a low price of Rs 1,000 per quintal even before the support price was set. The income earned by the farmers by selling paddy to the businessmen is one third of the support price fixed by the government later.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Farmers, who were hoping to sell the remaining rice at the right price after the government set the support price, were disappointed when the company entrusted to purchase paddy did not make any arrangements to buy the produce. The company, which failed to start the procurement process at the right time, pretended that it has not received any instructions for the of paddy.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Agni Aryal, coordinator of Rajapur Paddy Superzone, says that since the government does not buy rice at the support price, the traders and middlemen take advantage of it. Traders buy paddy from farmers at throw-away prices and produce rice from it and sell it at a high price. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Sharmila Neupane Subedi, information officer of the Food Management and Trading Company Limited said that the procurement process was delayed because of the elections. According to her, the government fixed the support price right before the election and since the employees of the company also had to be deployed for the election, the purchase of paddy did not begin. Although she said that the procurement work will start soon, she could not tell the exact date. She says that the process has been halted because they have not yet received instructions from the Ministry of Industry, Commerce and Supplies for the purchase of paddy.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Urmila KC, the spokesperson of the Ministry of Industry, Commerce and Supplies on the other hand claims that the ministry has already sent a letter to the FMTCL on November 2 with instructions to purchase the paddy. She said, “We have already corresponded from here, but we do not know why the company delayed the purchase.”</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">This year, the government has arranged a budget of Rs 33 million to purchase about 300,000 metric tons of paddy at the minimum support price through agricultural cooperatives. The Food Management Company has also set aside Rs 98.91 million to buy 30,200 metric tons of rice.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16124', 'image' => '20221125125626_paddyyyy.jpg', 'article_date' => '2022-11-25 12:55:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16382', 'article_category_id' => '1', 'title' => 'Nepal’s Foreign Trade Declines by 20 Percent', 'sub_title' => '', 'summary' => 'November 25: Nepal’s foreign trade declined by 20 percent in the first four months of the current fiscal year (FY 2022/23). ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">November 25: Nepal’s foreign trade declined by 20 percent in the first four months of the current fiscal year (FY 2022/23). As a result, the country’s trade deficit also declined by 16 percent. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The decline in trade deficit amid devaluation of the Nepalese currency, Russia-Ukraine war and rising prices of petroleum products in the international market is considered to be a positive sign for the Nepalese economy. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">However, it is a warning sign to the government’s revenue which chiefly relies on imports. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Experts believe that the foreign trade of Nepal declined in the review period due to various factors including the Covid-19 pandemic, global inflation due to Russia-Ukraine war, decline in banks’ credit flow for imports and the policy adopted by the government to discourage imports to ease the pressure on foreign exchange reserves.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to the data released by the Department of Customs, the volume of Nepal’s foreign trade in the review period stood at Rs 587.46 billion against Rs 732.41 billion in the corresponding period of last fiscal year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">During this period, the country’s imports dropped by Rs 117.60 billion (18.08 percent) to Rs 532.69 billion. The drop in the country’s imports was due to the government’s policy to discourage imports.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Citing a pressure on declining foreign currency reserves, the government had imposed restrictions on imports of luxury goods in April. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The country’s exports also dropped by 33.30 percent in the review period.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The country exported goods worth Rs 54.77 billion in the first four months of the current fiscal year. The figure was Rs 82.12 billion during the corresponding period of last fiscal year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Due to the decline in trade deficit, the Balance of Payments recorded a surplus after a gap of 14 months.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16123', 'image' => '20221125120845_Trade.jpg', 'article_date' => '2022-11-25 12:07:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16379', 'article_category_id' => '1', 'title' => 'UML, NC get over 800,000 Votes under Proportional Representation Category ', 'sub_title' => '', 'summary' => 'November 25: Vote counting under the election to the member of the House of Representatives (HoR) and provincial assemblies is in progress.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 25: Vote counting under the election to the member of the House of Representatives (HoR) and provincial assemblies is in progress. According to the Election Commission, the CPN (UML) is leading the vote-count tally towards the Proportional Representation (PR) election system as per the vote-count until 6 am today (November 25). The UML has been leading the PR vote tally since the beginning of the vote counting. The left-wing party has secured 894,409 votes so far. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepali Congress has garnered 857,621 votes while the Rastriya Swatantra Party has obtained 432,575 votes and is in third position in terms of the number of votes towards the PR election system so far. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The CPN (Maoist Centre), which is in the fourth position in the votes tally, has collected 402,499 votes and the Rastriya Prajatantra Party (RPP) is in the fifth position with 233,375. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Janata Samajbadi Party has secured 112,579 votes, followed by the Janamat Party (67,614 votes), the Nagarik Unmukti Party (62,547 votes), the CPN (Unified Socialist) (61,704 votes) and Nepal Workers and Peasants Party (56,183 votes) votes till now. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the Lokatantrik Samajbadi Party Nepal has obtained 51,200 votes, the Hamro Nepali Party 29,423 votes, the Rastriya Janamorcha 21,814 votes and the Mongol National Organisation 17,186 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CPN (ML), the Rastriya Janamukti Party, the Nepal Sanghiya Samajbadi Party, the Sanghiya Lokatantrik Rastriya Manch, the Rastriya Prajatantra Party Nepal, among other parties, each has garnered less than 10,000 votes towards the PR system so far. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16122', 'image' => '20221125104058_JBS_Pokhara-IMG_20221124_124546.jpg', 'article_date' => '2022-11-25 10:40:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16380', 'article_category_id' => '1', 'title' => 'Ronaldo Proves ‘Ringmaster’ yet Again', 'sub_title' => '', 'summary' => 'November 25: Kicked out by his club Manchester United, suspended by the Football Association and deemed over the hill by many, Cristiano Ronaldo answered critics in the best possible fashion with another record-breaking display during the World Cup on Thursday.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 25: Kicked out by his club Manchester United, suspended by the Football Association and deemed over the hill by many, Cristiano Ronaldo answered critics in the best possible fashion with another record-breaking display during the World Cup on Thursday.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Two days after Manchester United abruptly ended his second stint at Old Trafford following his criticism of the club, Ronaldo took out his frustration on Ghana as Portugal opened their World Cup campaign with a nervy 3-2 victory, Reuters reported.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The five-time Ballon d'Or winner showed that at 37 he retains the magical knack of delivering when it matters, added Reuters.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the news agency, Ronaldo went into the match already holding the world record for international goals and he took his total to 118 in the 65th minute with a penalty that made him the first player ever to score in five editions of the men's World Cup.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Meanwhile, the BBC reported that the goal and result will be a welcome distraction from the off-field issues that has clouded Ronaldo's build-up to the tournament.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The frontman, who had earlier missed two big chances and had a goal ruled out, saw his big moment come in the second half, added the BBC. With Southampton defender Mohammed Salisu in close attendance, Ronaldo hit the deck and the American referee pointed to the spot, which he stepped up to convert with aplomb.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“It is easy to talk about Ronaldo in terms of statistics alone, with so many milestones chalked up. But to watch him on Thursday, especially after a week in which he was ditched by United and sanctioned by England's FA for breaking a young Everton fan's phone, was to appreciate exactly what marks him out as many people's greatest of all time,” wrote Reuters.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Remarkably, Ronaldo has now scored in all 10 major tournaments in which he has appeared for Portugal, a run beginning when he was a fresh-faced youngster at Euro 2004, the news agency further reported.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Importantly for Portugal's chances of going deep in Qatar, it was not just the Ronaldo show as his team mates, especially in the second half, took more responsibility. After Ghana surprisingly levelled, it was Joao Felix who restored Portugal's lead with a deft finish and then a sublime run and pass by Bruno Fernandes set up substitute Rafael Leao. But the night, one again, belonged to CR7, Reuters concluded in its news report.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16121', 'image' => '20221125111639_ron.jpg', 'article_date' => '2022-11-25 11:16:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16381', 'article_category_id' => '1', 'title' => 'Brazil Outclass Serbia in Opening Match', 'sub_title' => '', 'summary' => 'November 25: Brazil outclassed Serbia 2-0 in their World Cup opener on Thursday as Richarlison scored two second-half goals, including a spectacular overhead kick.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 25: Brazil outclassed Serbia 2-0 in their World Cup opener on Thursday as Richarlison scored two second-half goals, including a spectacular overhead kick, Reuters reported</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the news agency, an ankle injury sustained by Neymar however put a damper on their celebrations.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Richarlison has been in fine form when wearing the golden yellow kit of Brazil this year and he opened the scoring with an easy tap-in before doubling the lead with his acrobatic effort, added Reuters.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“It was his ninth goal for Brazil in seven games in 2022 as Brazil leapfrogged Switzerland, who beat Cameroon 1-0, to the top of Group G. Serbia are bottom.”</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-25', 'modified' => '2022-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '16120', 'image' => '20221125113223_brazil.jpg', 'article_date' => '2022-11-25 11:31:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16378', 'article_category_id' => '1', 'title' => 'NC, UML, Maoist Centre lead FTPT Vote Count ', 'sub_title' => '', 'summary' => 'November 24: The counting of votes under the elections to the members of the House of Representatives and provincial assemblies is currently underway. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 24: The counting of votes under the elections to the members of the House of Representatives and provincial assemblies is currently underway. According to the Election Commission, the Nepali Congress (NC) has won the highest seats towards the first-past-the-post (FPTP) electoral system by the time this news report was prepared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The party has won 30 HoR seats out of 165. NC leader Yogesh Gauchan Thakali was the first candidate to secure victory for the party from Mustang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The party’s central President and Prime Minister Sher Bahadur Deuba, senior leader Ram Chandra Poudel, general secretaries Gagan Kumar Thapa and Bishwa Prakash Sharma, leaders Prakash Man Singh, Dr Shashanka Koirala, Dilendra Prasad Badu and Ramesh Lekhak have secured their places in the HoR. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Other winning candidates from the party are Bir Bahadur Balayar, Pradeep Poudel, Santosh Chalise, Rajan KC, Uday Shamser JB Rana, Durlav Thapa Chhetri, Mohan Acharya, Ramhari Khatiwada, Ajay Kumar Chaurasiya, Ramesh Rijal, Shyam Kumar Ghimire, Tek Bahadur Gurung, Kishore Singh Rathore, Dikpal Kumar Shahi, Hridayram Thani, Pushpa Bahadur Shah, Narayan Prasad Saud, Shankar Bhandari, Rajendra Bajgain, Dev Prasad Timilsina and Kham Bahadur Garbuja. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Similarly, CPN (UML) has won the 17 seats. The elected candidates of UML include party Chair KP Sharma Oli, Prithvi Subba Gurung, Yogesh Kumar Bhattarai, Gokarna Raj Bista, Krishna Gopal Shrestha, Top Bahadur Raymajhi, Rajendra Kumar Rai, Lal Prasad ( LP) Sawa Limbu, Dev Raj Ghimire, Ambar Bahadur Rayamajhi, Manbir Rai, Raj Kumar Gupta, Mahesh Kumar Bartaula, Prem Bahadur Maharjan, Bidya Bhattarai, Padam Giri and Basudev Ghimire. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CPN (Maoist Centre) has secured victory in nine constituencies and the elected candidates are party Chair Pushpa Kamal Dahal, leaders Barshaman Pun, Shakti Bahadur Basnet, Devendra Poudel, Raj Kumar Rai, Lekhnath Dahal, Rekha Sharma, Purna Bahadur Bishwokarma and Madhav Sapkota. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the CPN (Unified Socialist) has won six seats and the winning candidates are party Chair Madhav Kumar Nepal, leaders Krishna Kumar Shrestha, Prakash Jwala, Sher Bahadur Kunwar, Prem Bahadur Ale and Bhanu Bhakta Joshi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Rastriya Swatantra Party has secured victory in five constituencies and the elected candidates are party Chair Ravi Lamichhane, Sobita Gautam, Shishir Khanal, Ganesh Parajuli, and Biraj Bhakta Shrestha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Rastriya Prajatantra Party (RPP) has won three seats and the winning candidates are Dhawal Shamsher Rana, Deepak Bahadur Singh and Gyan Bahadur Shahi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Loktantrik Samajbadi Party has clinched victory in two constituencies and the elected members are Sarvendra Nath Shukla and Ram Prakash Chaudhary. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Janamat Party’s Chandra Kant Raut, independent candidate Lalbir Chaudhary and Nagarik Unmukti Party’s Ganga Ram Chaudhary have won a seat each. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16119', 'image' => '20221124082106_20221123050626_20220805085711_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-24 20:20:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16377', 'article_category_id' => '1', 'title' => 'Switzerland Edge Past Cameroon in Opening Match', 'sub_title' => '', 'summary' => 'November 24: Switzerland made a winning start to their World Cup campaign with a 1-0 win over Cameroon in their group-stage match on Thursday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">AGENCIES</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 24: Switzerland made a winning start to their World Cup campaign with a 1-0 win over Cameroon in their group-stage match on Thursday.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to Reuters, Cameroon-born Breel Embolo scored the winning goal against the run of the play in the opening match of Group G.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">AFP reported that Embolo struck three minutes into the second half as Switzerland secured a vital three points in a group that includes tournament favourites Brazil and Serbia.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The 25-year-old refused to celebrate the goal as the small group of Swiss fans cheered wildly at Al Janoub Stadium, added Reuters.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Cameroon have now lost their last eight World Cup matches going back to 2002.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Meanwhile, AFP reported that Roger Milla was presented with an award before kick-off as the oldest goalscorer in World Cup history, a reminder of past glories for Cameroon who have won just one game since reaching the quarter-finals 32 years ago.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16118', 'image' => '20221124061800_Switzerland-vs-Cameroon-World-Cup-2022-scaled.jpg', 'article_date' => '2022-11-24 18:17:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16376', 'article_category_id' => '1', 'title' => 'Global Regulators to Target Crypto Platforms after FTX Crash', 'sub_title' => '', 'summary' => 'November 24: The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such 'conglomerate' platforms will be the focus for 2023, the new chair of global securities watchdog IOSCO said in an interview with Reuters.', 'content' => '<p><span style="font-size:16px">Global regulators to target crypto platforms after FTX crash<br /> AGENCIES<br /> November 24: The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such 'conglomerate' platforms will be the focus for 2023, the new chair of global securities watchdog IOSCO said in an interview with Reuters.<br /> According to the news agency, IOSCO chair Jean-Paul Servais said regulating crypto platforms could draw on principles from other sectors which handle conflicts of interest, such as at credit rating agencies and compilers of market benchmarks, without having to start from scratch.<br /> Cryptoassets like bitcoin have been around for years but regulators have resisted jumping in to write new rules. But the implosion at FTX, which left an estimated one million creditors facing losses totalling billions of dollars, will help change that, Servais told Reuters.<br /> In a report published in early November, Reuters had said that at least one billion dollars of customer funds have vanished from collapsed crypto exchange FTX.<br /> "The sense of urgency was not the same even two or three years ago. There are some dissenting opinions about whether crypto is a real issue at the international level because some people think that it's still not a material issue and risk," Reuters quoted Servais as saying.<br /> "Things are changing and due to the interconnectivity between different types of businesses, I think it's now important that we are able to start a discussion and that's where we are going."<br /> IOSCO, which coordinates rules for G20 countries and others, has already set out principles for regulating stablecoins, but now the focus is turning to platforms which trade in them.<br /> According to Reuters, Madrid-based IOSCO, or International Organization of Securities Commissions, is an umbrella body for market watchdogs like the Securities and Exchange Commission in the United States, Bafin in Germany, Japan's Financial Services Agency, and the UK Financial Conduct Authority, who all commit to applying the body's recommendations.<br /> "I think that the world is changing. We know there is some space for developing new standards about supervision of this kind of crypto conglomerates. There is an obvious necessity," Servais reportedly said.<br /> It may be noted that Nepal Rastra Bank, the central bank of Nepal, has been issuing notices time and again warning the general public not to use crypto currency, arguing that transactions involving crypto currencies are not legally recognized in Nepal and are not guaranteed by the government<br /> NRB says that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB added.</span><br /> </p> <p><span style="font-size:16px">Read Also:<br /> https://www.newbusinessage.com/Articles/view/15797</span></p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16117', 'image' => '20221124054608_20220816103615_Cryptoshutterstock_1434643079.jpg', 'article_date' => '2022-11-24 17:45:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16375', 'article_category_id' => '266', 'title' => 'Sunsilk Announces Winners of Sunsilk Dashain Vibes 2', 'sub_title' => '', 'summary' => 'November 24: Sunsilk has announced the winners of Sunsilk Dashain Vibes 2, which was launched during the festive season of Dashain 2021.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 24: Sunsilk has announced the winners of Sunsilk Dashain Vibes 2, which was launched during the festive season of Dashain 2021.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Sumitra Maurati, Prinsika Shrestha and Sanisha Bhattarai were declared as the winners of the contest during the grand finale held at Hotel Radisson on November 23. Each of the winners bagged a purse of Rs 100,000 .</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to a statement issued by the company, the girls will now be leading the #SunsilkGangofGirls along with brand ambassadors Princy and Prisma for a year along with an opportunity of being featured in Sunsilk packs next year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The campaign garnered over 66M views in TikTok and over 100M views through all digital platforms, added the statement.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the Managing Director of Unilever Nepal, Amlan Mukherjee, the company wants its brands along with its consumers to be associated with local festivals and culture.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“Sunsilk Dashain Vibes and Sunsilk Gang of Girls activation are among such efforts,” said Mukherjee, adding,</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“We are proud to introduce the Sunsilk Gang of Girls who are the winners of Sunsilk Dashain Vibes contest launched during Dashain 2021 and it was an unprecedented success. Sunsilk believes that girls thrive when they explore possibilities, and we gave them the opportunity to showcase their beautiful hair and feature in the bottles of brand.”</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16116', 'image' => '20221124035520_IMG-20221123-WA0003.jpg', 'article_date' => '2022-11-24 15:54:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16374', 'article_category_id' => '1', 'title' => 'Surya Nepal Honoured as the Highest Taxpaying Company', 'sub_title' => 'Vijay Shah of Jawlakhel Group of Industries Bags the Honour in Individual Category', 'summary' => 'November 24: The government on Wednesday honoured the top taxpayers of the country among whom Surya Nepal Private Limited was declared the highest taxpayer company for the last fiscal year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 24: The government on Wednesday honoured the top taxpayers of the country among whom Surya Nepal Private Limited was declared the highest taxpayer company for the last fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Finance Secretary Krishna Hari Pushkar honored Surya Nepal amid a programme organized by the Inland Revenue Department in the capital to mark the National Tax Day 2022. The government honored individuals and organizations under 15 different categories.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the IRD, Surya Nepal paid taxes worth Rs 10.72 billion in the Fiscal Year 2021/22, up from Rs 9.34 billion in the previous fiscal year. The annual turnover of the multinational company in 2021 was about Rs 24.5 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the rating agency Care Rating Nepal, Surya Nepal earned a net profit of Rs 9.41 billion in 2021 and Rs 9.55 billion in 2020. The company, which has a large share in the cigarette trade of Nepal, did business worth Rs 24 billion 493 million during the review year. It also sells matchboxes, incense sticks and confectionaries.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Vijaya Shah of Jawalakhel Group of Industries received recognition as the largest taxpayer in individual category in the last fiscal year. Shah leads the group of industries, which incorporates companies like Jawalakhel Distillery, Vijay Distillery, Himalayan Distillery, Raj Brewery and Asian Distillery. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, Nepal Telecom bagged the award of the largest income taxpayer.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">OBC Foods received the honours as the highest taxpayer in agriculture category while export-based companies Shiva Shakti Ghee and Rajesh Metal Crafts were recognized for the contribution to the state treasury in their respective category.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nabil Bank also received the award in the banking sector while IME Remittance from remittance group and Chhimek Microfinance Company from cooperative group were also among those honoured by the government for the contribution. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16115', 'image' => '20221124032148_20200911125203_1599773733.Clipboard04.jpg', 'article_date' => '2022-11-24 15:21:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16373', 'article_category_id' => '1', 'title' => 'Private Sector Stakeholders Discuss Disaster Resilience', 'sub_title' => '', 'summary' => 'November 24: NET consortium on Tuesday organized the second event of the Bamboo Series under its Climate Initiative on the topic ‘Are businesses prepared for disasters?’.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 24: NET consortium on Tuesday organized the second event of the Bamboo Series under its Climate Initiative on the topic ‘Are businesses prepared for disasters?’. The event provided great insights into the challenges faced by businesses during disasters like COVID-19, the response mechanism adopted by them, and the importance of disaster preparedness, reads a statement issued by the NET consortium, which comprises of three organizations namely National Disaster Risk Reduction Centre (NDRC) Nepal, Enterprise for Management, Economic Reform and Gender Equality (EMERGE), and Tangent Waves. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During the programme, Shraddha Joshi, executive director of A.N.T Holidays Pvt Ltd, a travel agency in Nepal, pointed out the need to develop Business Continuity Plan (BCP) for their businesses to manage disasters better.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Likewise, Gajendra Malla, of Village Café, stressed that the government must address the social safety nets for women workers who are most affected during disasters. He also added that there is an urgent need to train women in disaster management, added the statement.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Brijendra Rochan Joshi, CEO of Rooster Logic, expressed the need to have access to information on the available resources from Government to mitigate the challenges.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Similarly, Anisha Karn, CEO of SmartPaani added that many SMEs do not benefit from the various support mechanisms that exist to mitigate disasters. She also highlighted how businesses are inadequately resourced to manage disasters themselves.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The key takeaway from the second session of the Bamboo Series was the need to have BCPs to make businesses disaster resilient, the statement further said.</span></span></p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16114', 'image' => '20221124023351_Untitled.jpg', 'article_date' => '2022-11-24 14:32:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16372', 'article_category_id' => '1', 'title' => 'Nepal to Produce 3000MW of Electricity within Current FY: Kulman Ghising', 'sub_title' => '', 'summary' => 'November 24: Nepal's hydropower generation capacity will reach 3,000 megawatts within the current financial year, claimed Nepal Electricity Authority’s Executive Director Kulman Ghising.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 24: Nepal's hydropower generation capacity will reach 3,000 megawatts within the current financial year, claimed Nepal Electricity Authority’s Executive Director Kulman Ghising. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Ghising made such remarks during a program organized to appreciate the best taxpayers on the occasion of the National Tax Day on Wednesday. Ghising argued that many hydropower projects are about to be completed. As a result, the production capacity of the country will increase soon, said Ghising.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He added Nepal's hydropower production capacity will reach 15,000 megawatts in the next 5 to 6 years, and estimated that the authority will pay about Rs 5 billion in revenue to the government annually after that. He informed that the authority currently pays Rs 1.70 billion to the government in revenue annually.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Ghising said that hydropower projects can contribute greatly to the revenue if they get good promotion. He informed that the NEA earned Rs 11 billion in revenue through the export of electricity in the first four months of the current fiscal year. He added that hydropower is important for the prosperity of the country.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16113', 'image' => '20221124015619_20190122124004_Kulman-Ghising.jpg', 'article_date' => '2022-11-24 13:55:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16371', 'article_category_id' => '1', 'title' => 'Import of Petroleum Products Declines', 'sub_title' => '', 'summary' => 'November 24: The import of diesel, petrol and cooking gas (LPG) has declined in the first four months of the current fiscal year compared to the corresponding period of last year', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 24: The import of diesel, petrol and cooking gas (LPG) has declined in the first four months of the current fiscal year compared to the corresponding period of last year, according to the data released by the Department of Customs.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">In the past, petroleum products used to top the list of imported goods but fuel imports.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although the amount of petroleum product imported into the country has decreased due to the sharp increase in the price of crude oil in the international market and the devaluation of the Nepalese currency, the amount money flowing out of the country has increased. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Last year, Rs 34.34 billion was spent on imports of diesel, which decreased to Rs 44.28 billion this year. This year, diesel is the most imported commodity from mid-September to mid-November although the quantity of imports decreased by 26.63 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Meanwhile, the country imported petrol worth Rs 23.69 billion in the review period. Last year, only Rs 18.66 billion was spent on petrol imports. Similarly, LP gas worth Rs 19.64 billion was imported this year against imports worth Rs 17.43 billion last year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">By mid-October this year, palmolin exports worth Rs 5.54 billion topped the list of exported items from Nepal. Similarly, soybean oil worth Rs 5.32 billion and refined palm oil worth Rs 3.38 billion were exported in the review period, according to the data released by the department.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16112', 'image' => '20221124123327_petroo - Copy.jpg', 'article_date' => '2022-11-24 12:32:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16370', 'article_category_id' => '1', 'title' => 'Election Results Indicate No Clear Majority in Parliament', 'sub_title' => '', 'summary' => 'November 24: No political party is likely to secure two-thirds majority in the election to the House of Representatives held on November 20. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 24: No political party is likely to secure two-thirds majority in the election to the House of Representatives held on November 20. However, the final results of the election are yet to be announced. The Election Commission has said that the final results will be announced within a few days. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This is the second time that the country held election to the HoR after the establishment of a republican setup in Nepal. During the last general election held in 2017, the leftist alliance led by CPN-UML had secured two-thirds majority in parliament. However, due to internal disputes, the left alliance could not rule for a full five-year term. The leftist government led by KP Sharma Oli fell after the party broke down due to internal dispute while the court failed to recognize the unified left alliance. Subsequently, a new coalition government led by Nepali Congress President Sher Bahadur Deuba was formed and is still governing the country.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A political party needs to secure 138 seats in the 275-member House of Representatives which includes 165 seats in the first-past-the-post electoral (FTPT) system and 110 seats in proportional representation (PR) category.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">But the results obtained so far does not indicate any party will secure majority seats in parliament. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the latest results of the EC, the ruling Nepali Congress is ahead in the election. However, the NC is yet to secure majority seats so far. The NC has won 19 seats of HoR as of Wednesday evening and is leading the vote count in 37 constituencies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, the CPN-UML has won seven seats and is ahead in 37 constituencies. Similarly, the newly-formed Rastriya Swatantra Party has secured four seats in the lower house and is leading in five constituencies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The CPN Maoist Centre, which had formed an electoral alliance with the NC, has so far won three seats in HoR and is ahead in 13 constituencies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The CPN Unified Socialist has won two seats and is ahead in seven constituencies. Likewise, Janata Samajbadi Party, Rastriya Prajatantra Party, Nagarik Unnmukti Party and Loktantril Samajbadi Party have each won one seat in the federal parliament. </span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16111', 'image' => '20221124112330_KN_Damauli-image_6483441.jpg', 'article_date' => '2022-11-24 11:22:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
