November 24: The CPN (UML) is leading the vote count under proportional representation category with a total 452,730 votes so far.…
November 24: The CPN (UML) is leading the vote count under proportional representation category with a total 452,730 votes so far.…
November 23: Analysts believe that the overall economy of the country will gain normalcy due to the election…
November 23: Chairman of the Election Commission of the Maldives, Fuwad Thowfeek, has said that the election management and process have improved in Nepal compared to the past.…
November 23: The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit hardest, the Organisation for Economic Cooperation and Development (OECD)…
November 23: Commercial banks of Nepal have reported positive outcome in deposit collection to back the central bank’s claim that the economic indicators are improving in the…
November 23: Rastriya Swatantra Party’s candidate for House of Representatives (HoR) from Kathmandu Constituency-2, Sobita Gautam, has emerged victorious in the election with an overwhelming 15,229…
November 23: Prime Minister and Nepali Congress President Sher Bahadur Deuba has emerged victorious in the election to the House of Representatives (HoR) from Dadeldhura…
November 23: Nepali Congress is taking the lead in the first-past-the-post electoral system under the elections to the House of Representatives (HoR) and provincial assemblies held on Sunday, November 20.…
November 23: The CPN-UML is leading the vote count under the proportional representation (PR) system as of 11:30 pm on…
November 22: The results of the November 20 elections to the members of the House of Representatives and provincial assemblies have started to…
November 22: Investors are eagerly awaiting for the impact of election on the capital…
November 22: Asian shares were on the defensive on Tuesday as a COVID-19 resurgence in China increased concerns that Beijing may reimpose strict pandemic curbs.…
November 22: Tourists coming from India have been facing problems at border checkpoints due to the ban on Indian currency of 500 and 2000…
November 22: The Prime Minister's Employment Program launched by the previous government under the leadership of KP Sharma Oli has not been implemented properly even in the current fiscal…
November 22: The Government of Nepal has granted permission for climbers from 76 countries to scale mountain peaks during the autumn season this year, which is considered ideal climbing period after the spring…
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', '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 CPN (UML) is leading the vote count under proportional representation category with a total 452,730 votes so far. The Nepali Congress is second with 416,184 votes, according to the latest update of the Election Commission. </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 Rastriya Swatantra Party is third with 234,747 votes followed by the CPN (Maoist Center) with 192,742 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Rastriya Prajatantra Party has secured 123,909 votes, Janata Samajwadi Party Nepal 57,910 votes, Nepal Workers and Peasants Party 42,457 votes and the Janamat Party 28,344 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the CPN (Unified Socialist) has secured 28,376 votes, Nagarik Unmukti Party 25,616 votes, and others have received 98,519 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the EC's preliminary estimate, voter turnout was 61 percent. </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"">Under the PR category, a party is required to get at least three percent of the total number of votes cast to get seats. It means that a single party should get over 320,000 votes to secure seats in parliament under the PR section. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16110', 'image' => '20221124103901_EC.jpg', 'article_date' => '2022-11-24 10:37:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16368', 'article_category_id' => '1', 'title' => 'Analysts Believe Election will Revitalize the Economy', 'sub_title' => '', 'summary' => 'November 23: Analysts believe that the overall economy of the country will gain normalcy due to the election expenses.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">November 23: Analysts believe that the overall economy of the country will gain normalcy due to the election expenses. They expect that the money spent by the political parties and the government for the elections held on November 20 will flow to the market and the economy will revitalize.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the economists, the expenses incurred by political parties, poll candidates and the government for the elections will help the economy of the country as a whole. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Economist Keshav Acharya remarked that Rs 10 billion spent by the candidates will flow to the market, which will help in revitalizing the economy. He said that the candidates have spent extensively on vehicles, hotels and social media during the elections. Economist Acharya added that millions of rupees will return to the banking system and liquidity crisis will also ease.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Banking expert Analraj Bhattarai said that the expenses incurred in the election will help the country's economy to return to normalcy to some extent.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">However, he added that it is not capable of making big contribution to economic growth. He said that the expenses incurred by the government and the expenses incurred by the candidates of the political parties in the elections have is almost Rs 50 billion. He said that the expenses of the election will bring some relief to the liquidity crisis in the banks. Bhattarai said that now the banks will distribute cash dividends after the election expenses eases liquidity problem. He however estimates the liquidity problem will persist for a long time due to the demand of Rs 300 billion in the market, continuous recession in business and the reduction in revenue collection due to the government's ban on imports.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Bhattarai stated, “In 2017 elections, the growth rate of the economy increased due to the increase in expenses. At that time, the economic growth rate reached 8 percent. However, currently the global economy is unstable due to the Covid-19 pandemic and Ukraine-Russia War. Nepal as well is not an exception to their impacts.” He said that the economic growth rate of Nepal could be 5 percent in the current fiscal year. He remarked that the newly formed government will face challenges and will need to do a lot of work to improve the economy.</span></span></span></span></p> <p> </p> <p><br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16109', 'image' => '20221123080457_DB_Simkot-IMG20221123124943.jpg', 'article_date' => '2022-11-23 20:04:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16367', 'article_category_id' => '1', 'title' => 'Election Management has Improved in Nepal: Chairman Thowfeek ', 'sub_title' => '', 'summary' => 'November 23: Chairman of the Election Commission of the Maldives, Fuwad Thowfeek, has said that the election management and process have improved in Nepal compared to the past. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 23: Chairman of the Election Commission of the Maldives, Fuwad Thowfeek, has said that the election management and process have improved in Nepal compared to the past. The Maldives' Election Commission chief was in Nepal to observe the election to the members of the House of Representatives and provincial assemblies held on November 20. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Thowfeek made such remark on Wednesday before returning home. Stating that he had also visited Nepal in 2070 BS to observe the general election, he lauded the efforts of the employees and security persons deputed on election duty and the participation of voters. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Maldives' Election Commission Chief Thowfeek had observed the election at eight voting stations in Kathmandu, Lalitpur and Kavrepalanchok. He further said that he would share about the good practices of the election management and the process found in Nepal back in the Maldives. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“The voters in the developing countries seem not yet ready to adopt the electronic voting system,” he said and suggested that rather than collecting the ballot boxes at every Election Officer's office for counting the votes, it would be better if the vote counting was done at every polling station itself. He urged the Election Commission, Nepal to think on this line as well. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16108', 'image' => '20221123050626_20220805085711_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-23 17:05:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16366', 'article_category_id' => '1', 'title' => 'Global Slowdown to Hit Europe the Hardest: OECD', 'sub_title' => '', 'summary' => 'November 23: The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit hardest, the Organisation for Economic Cooperation and Development (OECD) said.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Agencies</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 23: The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit hardest, the Organisation for Economic Cooperation and Development (OECD) said.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to a news report published by Reuters on Tuesday, the OECD added that fighting inflation should be policymakers' top priority.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">National outlooks vary widely, although Britain's economy is set to lag major peers, the OECD said.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">It forecast that world economic growth would slow from 3.1 percent this year - slightly more than the OECD foresaw in its September projections - to 2.2 percent next year, before accelerating to 2.7 percent in 2024.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We are not predicting a recession, but we are certainly projecting a period of pronounced weakness,” Reuters quoted OECD head Mathias Cormann as saying during a news conference while presenting the organisation's latest Economic Outlook.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to Reuters, the OECD said that the global slowdown was hitting economies unevenly, with Europe bearing the brunt as Russia's war in Ukraine hits business activity and drives an energy price spike.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">It forecast that the 19-country euro zone economy would grow 3.3 percent this year then slow to 0.5 percent in 2023 before recovering to expand by 1.4 percent in 2024. That was slightly better than in the OECD's September outlook, when it estimated 3.1 percent growth this year and 0.3 percent in 2023.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Outside the euro zone, the British economy was seen shrinking 0.4 percent next year as it contends with rising interest rates, surging inflation and weak confidence. Previously the OECD had expected 0.2 percent growth.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The US economy was set to hold up better, with growth expected to slow from 1.8 percent this year to 0.5 percent in 2023 before rising to 1.0 percent in 2024. The OECD had previously expected growth of only 1.5 percent this year in the world's biggest economy and its estimate for 2023 was unchanged.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to Reuters, China, which is not an OECD member, was one of the few major economies expected to see growth pick up next year, after a wave of COVID lockdowns. Growth there was seen rising from 3.3 percent this year to 4.6 percent in 2023 and 4.1 percent in 2024, compared with previous forecasts of 3.2 percent in 2022 and 4.7 percent for 2023.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The forecast, however, does not take into account the latest curbs imposed by China to deal with the flare-ups in Covid cases.</span></span></p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16107', 'image' => '20221123022417_EU_economic_governance.jpg', 'article_date' => '2022-11-23 14:23:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16365', 'article_category_id' => '1', 'title' => 'Bank Deposits Up while Credit Flow Slumps', 'sub_title' => '', 'summary' => 'November 23: Commercial banks of Nepal have reported positive outcome in deposit collection to back the central bank’s claim that the economic indicators are improving in the country.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">November 23: Commercial banks of Nepal have reported positive outcome in deposit collection to back the central bank’s claim that the economic indicators are improving in the country.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The deposit collection of banks increased in a one month period between mid-October to mid-November due to increase in remittance inflow as well as economic activities during the election.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The deposit collection of 26 commercial banks in Nepal stood at Rs 16.19 billion in the review month, according to the figures released by Nepal Bankers Association.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">As per the data of the association, the total deposits of commercial banks which stood at Rs 4.547 trillion in mid-October has increased to Rs 4.563 trillion by mid-November.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The association informed that the deposits withdrawn by the banks’ customers during the festive season has started returning to the banking system from the first week of November.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">“The bank deposits were withdrawn in mid-October during the festive season. But they have started returning to the banking system,” said Kiran Kumar Shrestha, CEO of Rastriya Banijya Bank.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">He argued that the bank deposits will further rise because the money from the informal sector will pour into the market due to the election.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">Nepal Rastra Bank had recently published a report indicating improvement in economic indicators. According to the NRB, the Balance of Payments remained at a surplus in mid-October for the first time in 14 months. Likewise, remittance inflow also increased by 16 percent to Rs 281.5 billion in the first quarter of the current fiscal year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">Although the deposit collection of banks increased in the review period, credit flow has declined.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The total credit flow of banks in the review month stood at Rs 1.26 billion.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The loan portfolio of commercial banks has now reached Rs 4.222 trillion. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The CD ratio of banks in the review month was 87.19 percent. Although the CD ratio is within the limit set by the central bank, the commercial banks are not able to increase credit flow due to high interest rates.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16106', 'image' => '20221123125400_Banks - Copy.jpg', 'article_date' => '2022-11-23 12:53:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16363', 'article_category_id' => '1', 'title' => 'Newly-Formed RSP Wins Four Seats in House of Representatives', 'sub_title' => 'RSP’s Sobita Gautam wins HoR seat in Kathmandu-2, Toshima Karki Triumphs in Lalitpur-3 ', 'summary' => 'November 23: Rastriya Swatantra Party’s candidate for House of Representatives (HoR) from Kathmandu Constituency-2, Sobita Gautam, has emerged victorious in the election with an overwhelming 15,229 votes.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 23: Rastriya Swatantra Party’s candidate for House of Representatives (HoR) from Kathmandu Constituency-2, Sobita Gautam, has emerged victorious in the election with an overwhelming 15,229 votes. </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"">According to Returning Officer Bimala Regmi, the vote counting in the constituency was completed on Wednesday morning. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gautam’s nearest rival Mani Ram Phuyal of CPN (UML) garnered 11,555 votes while Rastriya Prajatantra Party’s Kunti Devi Pokharel finished third with 11,014 votes. </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"">Meanwhile, CPN (Maoist Centre)’s Onsari Gharti obtained 9,449 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the total 52,956 votes cast in the constituency, 2,116 votes were invalid. </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"">With Gautam’s victory, the newly-formed RSP has now secured four seats in the House of Representatives.</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"">Dr Toshima Karki of the same party secured a seat in the lower house of parliament from Lalitpur Constituency-3 with a wide-margin victory over her nearest rival Amrit Khadka of CPN UML.</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 voting results published by the Election Commission on Wednesday morning shows that Dr Karki secured 14,208 votes against 8,223 of UML leader Khadka. Meanwhile, Maoist Center candidate and Energy Minister Pampha Bhusal finished a distant third with 5,453 votes.</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"">RSP also secured seats in the parliament from constituencies 7 and 8 of Kathmandu. (With inputs from RSS)</span></span></span></p> <p> </p> <p><br /> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16105', 'image' => '20221123114422_sobita.jpg', 'article_date' => '2022-11-23 11:43:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16364', 'article_category_id' => '1', 'title' => 'PM Deuba Wins HoR Seat from Dadeldhura ', 'sub_title' => '', 'summary' => 'November 23: Prime Minister and Nepali Congress President Sher Bahadur Deuba has emerged victorious in the election to the House of Representatives (HoR) from Dadeldhura district. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 23: Prime Minister and Nepali Congress President Sher Bahadur Deuba has emerged victorious in the election to the House of Representatives (HoR) from Dadeldhura district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This is the seventh straight victory of Deuba from his home district Dadeldhura. Deuba has been the MP from Dadeldhura since 2048 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 51,203 votes cast, Deuba won the election by securing 25,534 votes, Chief Returning Officer Bal Krishna Wagle said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deuba’s closest rival Sagar Dhakal, and independent candidate, garnered 13,042 votes while NC (BP)’s Karna Bahadur Malla secured 7,535 votes, the Office of the Chief Returning Officer said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Born at Ruwakhola of Asigram in Dadeldhura district in 2003 BS, Deuba joined politics since 2017 BS and served as the first elected chief of Nepal Student’s Union. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16104', 'image' => '20221123114959_Deuba.jpg', 'article_date' => '2022-11-23 11:49:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16362', 'article_category_id' => '1', 'title' => 'Nepali Congress Ahead in HoR, State Assembly Elections', 'sub_title' => '', 'summary' => 'November 23: Nepali Congress is taking the lead in the first-past-the-post electoral system under the elections to the House of Representatives (HoR) and provincial assemblies held on Sunday, November 20. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">November 23: Nepali Congress is taking the lead in the first-past-the-post electoral system under the elections to the House of Representatives (HoR) and provincial assemblies held on Sunday, November 20.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">According to the results published by the Election Commission on its website, the NC has won 14 seats of lower house as of Wednesday afternoon. Similarly, the NC is ahead in vote count in 43 HoR constituencies.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Meanwhile, the main opposition party CPN-UML has won five HoR seats and is ahead in the vote count in 39 constituencies. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Similarly, the CPN (Maoist Centre), which had forged an electoral alliance with the NC, has won three seats and is leading in 14 constituencies while the CPN (Unified Socialist) has won one seat in lower house and is ahead in eight constituencies. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Likewise, the newly-formed Rastriya Swatantra Party has won four seats in HoR and is ahead in vote count in five constituencies while the Rastriya Prajatantra Party has also won one lower house seat and is leading the tally in four constituencies followed by Janamat Party (5), and Loktantrik Samajbadi Party (2). Nagarik Unmukti Party has secured one seat in parliament and is leading the vote count in three constituencies.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The NC is also leading vote count in provincial assemblies’ election and has already won 16 seats. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">CPN-UML is second with five wins and is ahead in 60 constituencies while the Maoist Centre has also won five provincial assembly seats and is leading in 33 constituencies by the time this news report was prepared.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16103', 'image' => '20221123111319_ROS_KTM-0178.jpg', 'article_date' => '2022-11-23 11:12:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16361', 'article_category_id' => '1', 'title' => 'CPN-UML Leads Vote Count under PR System ', 'sub_title' => '', 'summary' => 'November 23: The CPN-UML is leading the vote count under the proportional representation (PR) system as of 11:30 pm on Tuesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 23: The CPN-UML is leading the vote count under the proportional representation (PR) system as of 11:30 pm on Tuesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Election Commission (EC), the UML has secured 159,050 votes while the Nepali Congress, which is in the second position, has managed 138,446 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rastriya Swatantra Party (RSP) is third with 70,795 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, CPN (Maoist Centre) has obtained 66,911 votes and Rastriya Prajatantra Party (RPP) garnered 37,335 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The EC informed that Janamat Party has secured 12,626 votes and Janata Samajwadi Party has bagged 12,138 votes under the PR system. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Nepal Workers and Peasants Party has managed 8,621 votes, CPN (Unified Socialist) has 8,561 votes, Nagarik Unmukti Party holds 7,830 votes and other parties have managed 32,319 votes. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16102', 'image' => '20221123103320_KN_Damauli-image_6483441.jpg', 'article_date' => '2022-11-23 10:32:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16360', 'article_category_id' => '1', 'title' => 'Voters Looking for a Political Change', 'sub_title' => '', 'summary' => 'November 22: The results of the November 20 elections to the members of the House of Representatives and provincial assemblies have started to arrive.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rudra Khadka</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"">November 22: The results of the November 20 elections to the members of the House of Representatives and provincial assemblies have started to arrive.</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 preliminary results seem to be as expected. The ruling Nepali Congress and the main opposition CPN-UML are at the forefront. These parties are likely to be the first and second largest parties in the new parliament. Despite this, voters from all over the country have given a clear message that they are looking for a change.</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 popularity of the Rastriya Swatantra Party (RSP) led by former journalist Ravi Lamichhane, despite being established only a few months before the election, getting respectable votes is a clear indication that the voters are in favour of change.</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"">While there are complaints that the political parties that have been holding the reins of power since 1990 have not been able to work according to the people's aspirations and only a limited number of people are currently in power, the RSP has expressed its commitment that one person will not hold any position for more than two terms. The party has also made it clear that the relatives of the party leaders will not be appointed to positions of benefit. The RSP has advocated for good governance and pledged to fight against corruption. This has attracted the voters to the new party.</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"">It seems that the new parties also have benefited from a six per cent decline in votes compared to the 2017 general elections. The general trand of major political parties presenting attractive plans in their manifesto but their failure to implement such plans in practice also helped the RSP this time. Many disappointed voters of the old political parties did not vote this time. As a result, participation in voting decreased.</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"">In Nepal, there has been a change in political consciousness among the common people. If the people had not wanted change, the 104-year-long Rana regime would not have ended. Even the panchayat rulers who had been in power for 30 years would not have been forced to kneel had the public not wanted change.</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"">Change is inevitable not only in Nepal but also all over the world. The difference is - in countries where democracy is practised well, leadership changes rather than political parties/systems. Political analysts say that people may look for alternatives to big political parties because they have hardly changed their leadership.</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 election results will likely come as a warning sign to the big political parties and their leaders that they need to improve. If the parties change the way they work, they might establish themselves for the next few years. If the parties and their leaders don't take this as a warning, it is clear that their future in politics is doomed. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16101', 'image' => '20221122041334_KB_KTM_E3A0922copy.jpg', 'article_date' => '2022-11-22 16:12:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16358', 'article_category_id' => '1', 'title' => 'What do Investors Predict about the Capital Market after Election?', 'sub_title' => '', 'summary' => 'November 22: Investors are eagerly awaiting for the impact of election on the capital market.', 'content' => '<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"">November 22: Investors are eagerly awaiting for the impact of election on the capital market. Some investors are expecting golden days in the secondary market after the election. The November 20 polls were suspended only in a few places while the election concluded peacefully in most of the constituencies.</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"">The investors are expecting a new government and a new dimension in investment after the election. Some investors who had been voicing for reforms in the share market joined the fray in election this time. Stakeholders believed that the share market will gain a lot if those advocating for the reforms of this sector get elected to the post of MPs.</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"">The secondary market of Nepal with more than 5.4 million investors has been fluctuating since more the past one year. The Nepal Stock Exchange (NEPSE) index, which climbed to a record high of 3,200 points, has once again dropped to less than 2,000 points.</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"">Investors believe that the election will have a positive impact on the share market.</span></span></span></span></p> <p><strong><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"">Radha Pokharel</span></span></span></span></strong></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"">Chairperson, Nepal Stock Market Investors Association</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"">The share market has always flourished during the election year. The liquidity crisis in the banking system gets eased during the election. This will have a positive impact on the share market. This time our colleagues have also contested the election. We firmly believe that the problems of the share market will be resolved if they win the election and become MPs. Although there are laws to govern the share market, it is important to implement them. I firmly believe that the new government will work towards enhancing the share market.</span></span></span></span></p> <p><strong><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"">Chotelal Rauniyar</span></span></span></span></strong></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"">Former Chairman, Nepal Investors Forum</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"">The share market has received positive indications ahead of the election. Remittance inflow has increased and is in an increasing trend. This is also a good sign for the economy and the capital market. </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"">The liquidity crisis is also improving of late and the interest rate is also declining. The NEPSE index has fallen from 3,200 points to 1,900 points. The share value of most of the companies has fallen. If anyone invests in share at this moment, there is 20 percent risk and 80 percent return.</span></span></span></span></p> <p><strong><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"">Ambika Prasad Poudel</span></span></span></span></strong></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"">Chairman, Capital Market Forum of FNCCI</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"">The number of stock brokers is increasing and a new stock exchange company is in the offing. The process of book building is also moving forward. The stock market index is also rising slowly. Remittance inflow graph is also increasing. The Balance of Payments is also positive. The foreign exchange reserves are also improving and the CD ratio is also getting better. The arrival of tourists is also improving with the decline in coronavirus cases. The capital expenditure is expected to be better after the election. All these positive indications show that the share market will become better in the coming days. However, the capital market depends on psychological factors. If the investors are positive, then the share market will head towards the right direction.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16100', 'image' => '20221122020823_1669095018.jpg', 'article_date' => '2022-11-22 14:07:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16359', 'article_category_id' => '1', 'title' => 'Asian Shares Down as Covid-19 Cases Flare-up in China', 'sub_title' => 'Investors Fear China may Resume Strict COVID Curbs', 'summary' => 'November 22: Asian shares were on the defensive on Tuesday as a COVID-19 resurgence in China increased concerns that Beijing may reimpose strict pandemic curbs. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">November 22: Asian shares were on the defensive on Tuesday as a COVID-19 resurgence in China increased concerns that Beijing may reimpose strict pandemic curbs. According to Reuters, further restrictions could cause supply chain disruptions.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The dollar pulled back from strong overnight gains on Tuesday while oil took a pause from Monday's retreat, added the news agency.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“The broader Asia-Pacific index ex-Japan lost 0.25 percent in early trade, while China’s benchmark dipped 0.13 percent. Hong Kong's benchmark index fell 1.31 percent. Japan's benchmark Nikkei average opened up 0.78 percent, while Australian shares rose 0.55 percent,” Reuters reported.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the news agency, Beijing warned on Monday that it was facing its most severe test of the pandemic, fuelling investor concerns that China may be forced to resume strict mobility curbs and give stay and home orders across cities.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The controversial strategy - which aims to eradicate outbreaks - has seen millions locked down and citizens who have tested positive for the virus forcibly quarantined, BBC reported, adding, “Three deaths have been reported in the Chinese capital since Saturday, bringing the country's official death toll to 5,229. The latest fatalities have plunged parts of the city home to more than 21 million back into lockdown.”</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Meanwhile, Reuters reported that the US dollar pared some of its strong overnight gains on Tuesday after investors flocked to the safe-haven currency on nerves over China's COVID flare ups.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“Oil prices rose slightly in early Asian trade, a day after Saudi Arabia denied a media report that it was discussing an increase in oil supply with OPEC and its allies. US crude rose 0.27 percent to $80.26 per barrel on Tuesday and Brent was at $87.79, up 0.19 percent. Spot gold traded at $1,738.39 an ounce,” Reuters added.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16099', 'image' => '20221122020923_0x0.jpg', 'article_date' => '2022-11-22 14:08:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16357', 'article_category_id' => '1', 'title' => 'Tourists Carrying Indian Currency Face Hassles at Border Checkpoints', 'sub_title' => '', 'summary' => 'November 22: Tourists coming from India have been facing problems at border checkpoints due to the ban on Indian currency of 500 and 2000 denominations.', 'content' => '<p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">November 22: Tourists coming from India have been facing problems at border checkpoints due to the ban on Indian currency of 500 and 2000 denominations. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">The local entrepreneurs say that if the Indian tourists visiting Nepal are found carrying these currency notes, the security personnel deployed at the border points confiscate the notes and even imprison them.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, only IRs 100 is in circulation in Nepal. Officials of NRB clarified that such a rule is imposed while considering the risk of unauthorized transactions of Indian Currency (IC).</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">When carrying low IC notes of low denomination, one has to carry large quantities of such notes even for small transactions, which is difficult and impractical. Some of the tourists carry IRs 500 and IRs 2000 notes due to lack of information and get into trouble. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Hari Pant, president of Hotel and Tourism Entrepreneurs Association, said that the Indian tourists hesitate to come to Nepal due to such hassles.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Pant complains that the issue of big notes is affecting the tourism and hotel business of the Terai region. The business of this area is dependent on Indian tourists. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">“When the tourists from India started getting into trouble because of the cash they had with them, it has started affecting our business,” he said.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Indian citizens do not know that Indian notes above 100 rupee denomination are banned in Nepal. Sanjay Agarwal, co-ordinator of the Madhesh Province Tour and Travel and Tourism Committee of the Federation of Nepalese Chamber of Commerce and Industry says that tourists suffer at the border because of the money they bring with them to spend.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Ashok Kumar Baidya, chairman of Nepal-India Cooperation Forum, suggested that the government should facilitate Indian tourists in the border points even if it means they have to establishment a help room for the Indian tourists. He suggested that the Indian should be allowed to carry currencies of 500 and 2000 denominations on a self-declaration basis. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">“If they are not allowed bring the notes, there should be a simple arrangement to facilitate the Indian tourists at the border. They should not be prosecuted and sent to prison, but rather need cooperation.”</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Entrepreneurs say that there is no reason to impose a ban on the higher denominations of Indian currency in Nepal and cause suffering to the tourists on the pretext of banning these currency notes. Tourism entrepreneurs argue that the government must either ban the Indian currency in Nepal completely or lift the ban altogether because there is no point in allowing circulation of IRs 100 notes and banning the circulation of IRs 500 and IRs 2000 notes. This has only become a cause of confusion and problems for tourists coming to Nepal, they say.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16098', 'image' => '20221122013715_1669098225.भारू बोकेर आउने पर्यटकलाई सिमानामा सास्ती.jpg', 'article_date' => '2022-11-22 13:36:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16356', 'article_category_id' => '1', 'title' => 'Less than 800 People get Jobs under PM Employment Programme', 'sub_title' => '', 'summary' => 'November 22: The Prime Minister's Employment Program launched by the previous government under the leadership of KP Sharma Oli has not been implemented properly even in the current fiscal year.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 22: The Prime Minister's Employment Program launched by the previous government under the leadership of KP Sharma Oli has not been implemented properly even in the current fiscal year. It has been five months since the new fiscal year started but many of the people listed in the programme are still unemployed. Even the allocated budget is barely being spent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Around 841,500 people have applied for jobs under the PM's Employment Programme this year including 387,000 male and more than 453,000 female applicants. The PM's Employment Programme Secretariat, which is under the Ministry of Labour, Employment and Social Security informed that only 712 of them are employed and received the minimum wage.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">They have been given the minimum wage at the rate of Rs 614 per day on an average. According to the secretariat, it is not possible to provide employment to 800,000 people this year. Also, not all the applicants are eligible for employment. Therefore, the government aims to provide employment to 200,000 people this year through the budget. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Lok Nath Bhusal, under-secretary of the PMEP secretariat, informed that the plan to provide employment is being carried out accordingly.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“Not all the applicants are eligible for employment. Around 200,000 applicants will be employed after selecting the eligible candidates from among the applicants. If the government arranges more budget, more people can be employed,” said Bhusal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The government has allocated a budget of Rs 7.13 billion for the PM's Employment Programme this year. In the last five months, only Rs 99.4 million has been spent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bhusal says that this ambitious programme is not implemented properly this year due to the elections. He stated, “Because everyone's attention is on the election, the implementation of the programme has not been able to accelerate, it will gain momentum after the election.”</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Last year, the government had allocated a budget of Rs 12 billion for this programme, but for the current fiscal year, Finance Minister Janardan Sharma allocated only Rs 7 billion. Even though the government is under intense pressure to amend the programme and make it production-oriented, it seems that implementation part is getting worse.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The World Bank has provide a concessional loan of Rs 14 billion in the name of 'Yeti Project' in order to implement this programme. This year, more than Rs 18 million of the said loan is being spent. Even though donor agencies have supported the programme, questions are being raised because it is not effective.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16097', 'image' => '20221122011616_PMEP.jpeg', 'article_date' => '2022-11-22 13:15:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16355', 'article_category_id' => '1', 'title' => 'Over 1,400 Climbers Acquire Permits to Climb Mountain Peaks during Autumn Season', 'sub_title' => '', 'summary' => 'November 22: The Government of Nepal has granted permission for climbers from 76 countries to scale mountain peaks during the autumn season this year, which is considered ideal climbing period after the spring season.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 22: The Government of Nepal has granted permission for climbers from 76 countries to scale mountain peaks during the autumn season this year, which is considered an ideal climbing period after the spring season. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the Department of Tourism, the government body responsible for issuing climbing permits, a total of 1,435 foreigners have been granted permission to climb 48 different peaks during the autumn climbing window. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During this autumn, a few climbers are interested in climbing Mt Everest, the world’s highest peak, which fetches good royalties. Most of the climbers prefer to scale Everest during the spring window and opt for Mt Manaslu (8,161 meters) during the autumn season.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the latest data of the department, altogether 404 climbers of 38 expedition groups have been issued permits to climb Mt Manaslu this season.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">A total of 330 female climbers have received permission to climb mountains during this period. The department has collected royalties worth Rs 93 million from climbing permits. Royalties from Manaslu alone is worth Rs 46.2 million while the department has collected royalties worth Rs 3.5 million from 5 climbers attempting to climb Everest. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Even climbers from two warring countries, Russia and Ukraine, have also arrived here to climb mountain peaks this year. According to the department, almost half a million tourists have arrived in Nepal in the first ten months of 2022 after a decline in Covid-19 cases in Nepal. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Most of the climbers are from the UK (144) followed by the USA (132) and France (129). </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Others are from Germany, Spain, India, Japan, Italy, Australia, Norway, Poland, Slovenia, Iran among others.</span></span></p> <p> </p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16096', 'image' => '20221122121433_SantoshGautam_Myagdi_RSS_02_Churenhimaltreak(2).jpg', 'article_date' => '2022-11-22 12:13:48', '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' => '16369', 'article_category_id' => '1', 'title' => 'UML Continues to Lead Vote Count under PR Category with over 400,000 Votes ', 'sub_title' => '', 'summary' => 'November 24: The CPN (UML) is leading the vote count under proportional representation category with a total 452,730 votes so far. ', '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 CPN (UML) is leading the vote count under proportional representation category with a total 452,730 votes so far. The Nepali Congress is second with 416,184 votes, according to the latest update of the Election Commission. </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 Rastriya Swatantra Party is third with 234,747 votes followed by the CPN (Maoist Center) with 192,742 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Rastriya Prajatantra Party has secured 123,909 votes, Janata Samajwadi Party Nepal 57,910 votes, Nepal Workers and Peasants Party 42,457 votes and the Janamat Party 28,344 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the CPN (Unified Socialist) has secured 28,376 votes, Nagarik Unmukti Party 25,616 votes, and others have received 98,519 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the EC's preliminary estimate, voter turnout was 61 percent. </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"">Under the PR category, a party is required to get at least three percent of the total number of votes cast to get seats. It means that a single party should get over 320,000 votes to secure seats in parliament under the PR section. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16110', 'image' => '20221124103901_EC.jpg', 'article_date' => '2022-11-24 10:37:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16368', 'article_category_id' => '1', 'title' => 'Analysts Believe Election will Revitalize the Economy', 'sub_title' => '', 'summary' => 'November 23: Analysts believe that the overall economy of the country will gain normalcy due to the election expenses.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">November 23: Analysts believe that the overall economy of the country will gain normalcy due to the election expenses. They expect that the money spent by the political parties and the government for the elections held on November 20 will flow to the market and the economy will revitalize.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the economists, the expenses incurred by political parties, poll candidates and the government for the elections will help the economy of the country as a whole. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Economist Keshav Acharya remarked that Rs 10 billion spent by the candidates will flow to the market, which will help in revitalizing the economy. He said that the candidates have spent extensively on vehicles, hotels and social media during the elections. Economist Acharya added that millions of rupees will return to the banking system and liquidity crisis will also ease.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Banking expert Analraj Bhattarai said that the expenses incurred in the election will help the country's economy to return to normalcy to some extent.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">However, he added that it is not capable of making big contribution to economic growth. He said that the expenses incurred by the government and the expenses incurred by the candidates of the political parties in the elections have is almost Rs 50 billion. He said that the expenses of the election will bring some relief to the liquidity crisis in the banks. Bhattarai said that now the banks will distribute cash dividends after the election expenses eases liquidity problem. He however estimates the liquidity problem will persist for a long time due to the demand of Rs 300 billion in the market, continuous recession in business and the reduction in revenue collection due to the government's ban on imports.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Bhattarai stated, “In 2017 elections, the growth rate of the economy increased due to the increase in expenses. At that time, the economic growth rate reached 8 percent. However, currently the global economy is unstable due to the Covid-19 pandemic and Ukraine-Russia War. Nepal as well is not an exception to their impacts.” He said that the economic growth rate of Nepal could be 5 percent in the current fiscal year. He remarked that the newly formed government will face challenges and will need to do a lot of work to improve the economy.</span></span></span></span></p> <p> </p> <p><br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16109', 'image' => '20221123080457_DB_Simkot-IMG20221123124943.jpg', 'article_date' => '2022-11-23 20:04:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16367', 'article_category_id' => '1', 'title' => 'Election Management has Improved in Nepal: Chairman Thowfeek ', 'sub_title' => '', 'summary' => 'November 23: Chairman of the Election Commission of the Maldives, Fuwad Thowfeek, has said that the election management and process have improved in Nepal compared to the past. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 23: Chairman of the Election Commission of the Maldives, Fuwad Thowfeek, has said that the election management and process have improved in Nepal compared to the past. The Maldives' Election Commission chief was in Nepal to observe the election to the members of the House of Representatives and provincial assemblies held on November 20. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Thowfeek made such remark on Wednesday before returning home. Stating that he had also visited Nepal in 2070 BS to observe the general election, he lauded the efforts of the employees and security persons deputed on election duty and the participation of voters. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Maldives' Election Commission Chief Thowfeek had observed the election at eight voting stations in Kathmandu, Lalitpur and Kavrepalanchok. He further said that he would share about the good practices of the election management and the process found in Nepal back in the Maldives. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“The voters in the developing countries seem not yet ready to adopt the electronic voting system,” he said and suggested that rather than collecting the ballot boxes at every Election Officer's office for counting the votes, it would be better if the vote counting was done at every polling station itself. He urged the Election Commission, Nepal to think on this line as well. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16108', 'image' => '20221123050626_20220805085711_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-23 17:05:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16366', 'article_category_id' => '1', 'title' => 'Global Slowdown to Hit Europe the Hardest: OECD', 'sub_title' => '', 'summary' => 'November 23: The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit hardest, the Organisation for Economic Cooperation and Development (OECD) said.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Agencies</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 23: The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit hardest, the Organisation for Economic Cooperation and Development (OECD) said.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to a news report published by Reuters on Tuesday, the OECD added that fighting inflation should be policymakers' top priority.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">National outlooks vary widely, although Britain's economy is set to lag major peers, the OECD said.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">It forecast that world economic growth would slow from 3.1 percent this year - slightly more than the OECD foresaw in its September projections - to 2.2 percent next year, before accelerating to 2.7 percent in 2024.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We are not predicting a recession, but we are certainly projecting a period of pronounced weakness,” Reuters quoted OECD head Mathias Cormann as saying during a news conference while presenting the organisation's latest Economic Outlook.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to Reuters, the OECD said that the global slowdown was hitting economies unevenly, with Europe bearing the brunt as Russia's war in Ukraine hits business activity and drives an energy price spike.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">It forecast that the 19-country euro zone economy would grow 3.3 percent this year then slow to 0.5 percent in 2023 before recovering to expand by 1.4 percent in 2024. That was slightly better than in the OECD's September outlook, when it estimated 3.1 percent growth this year and 0.3 percent in 2023.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Outside the euro zone, the British economy was seen shrinking 0.4 percent next year as it contends with rising interest rates, surging inflation and weak confidence. Previously the OECD had expected 0.2 percent growth.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The US economy was set to hold up better, with growth expected to slow from 1.8 percent this year to 0.5 percent in 2023 before rising to 1.0 percent in 2024. The OECD had previously expected growth of only 1.5 percent this year in the world's biggest economy and its estimate for 2023 was unchanged.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to Reuters, China, which is not an OECD member, was one of the few major economies expected to see growth pick up next year, after a wave of COVID lockdowns. Growth there was seen rising from 3.3 percent this year to 4.6 percent in 2023 and 4.1 percent in 2024, compared with previous forecasts of 3.2 percent in 2022 and 4.7 percent for 2023.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The forecast, however, does not take into account the latest curbs imposed by China to deal with the flare-ups in Covid cases.</span></span></p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16107', 'image' => '20221123022417_EU_economic_governance.jpg', 'article_date' => '2022-11-23 14:23:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16365', 'article_category_id' => '1', 'title' => 'Bank Deposits Up while Credit Flow Slumps', 'sub_title' => '', 'summary' => 'November 23: Commercial banks of Nepal have reported positive outcome in deposit collection to back the central bank’s claim that the economic indicators are improving in the country.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">November 23: Commercial banks of Nepal have reported positive outcome in deposit collection to back the central bank’s claim that the economic indicators are improving in the country.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The deposit collection of banks increased in a one month period between mid-October to mid-November due to increase in remittance inflow as well as economic activities during the election.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The deposit collection of 26 commercial banks in Nepal stood at Rs 16.19 billion in the review month, according to the figures released by Nepal Bankers Association.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">As per the data of the association, the total deposits of commercial banks which stood at Rs 4.547 trillion in mid-October has increased to Rs 4.563 trillion by mid-November.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The association informed that the deposits withdrawn by the banks’ customers during the festive season has started returning to the banking system from the first week of November.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">“The bank deposits were withdrawn in mid-October during the festive season. But they have started returning to the banking system,” said Kiran Kumar Shrestha, CEO of Rastriya Banijya Bank.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">He argued that the bank deposits will further rise because the money from the informal sector will pour into the market due to the election.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">Nepal Rastra Bank had recently published a report indicating improvement in economic indicators. According to the NRB, the Balance of Payments remained at a surplus in mid-October for the first time in 14 months. Likewise, remittance inflow also increased by 16 percent to Rs 281.5 billion in the first quarter of the current fiscal year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">Although the deposit collection of banks increased in the review period, credit flow has declined.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The total credit flow of banks in the review month stood at Rs 1.26 billion.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The loan portfolio of commercial banks has now reached Rs 4.222 trillion. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The CD ratio of banks in the review month was 87.19 percent. Although the CD ratio is within the limit set by the central bank, the commercial banks are not able to increase credit flow due to high interest rates.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16106', 'image' => '20221123125400_Banks - Copy.jpg', 'article_date' => '2022-11-23 12:53:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16363', 'article_category_id' => '1', 'title' => 'Newly-Formed RSP Wins Four Seats in House of Representatives', 'sub_title' => 'RSP’s Sobita Gautam wins HoR seat in Kathmandu-2, Toshima Karki Triumphs in Lalitpur-3 ', 'summary' => 'November 23: Rastriya Swatantra Party’s candidate for House of Representatives (HoR) from Kathmandu Constituency-2, Sobita Gautam, has emerged victorious in the election with an overwhelming 15,229 votes.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 23: Rastriya Swatantra Party’s candidate for House of Representatives (HoR) from Kathmandu Constituency-2, Sobita Gautam, has emerged victorious in the election with an overwhelming 15,229 votes. </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"">According to Returning Officer Bimala Regmi, the vote counting in the constituency was completed on Wednesday morning. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gautam’s nearest rival Mani Ram Phuyal of CPN (UML) garnered 11,555 votes while Rastriya Prajatantra Party’s Kunti Devi Pokharel finished third with 11,014 votes. </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"">Meanwhile, CPN (Maoist Centre)’s Onsari Gharti obtained 9,449 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the total 52,956 votes cast in the constituency, 2,116 votes were invalid. </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"">With Gautam’s victory, the newly-formed RSP has now secured four seats in the House of Representatives.</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"">Dr Toshima Karki of the same party secured a seat in the lower house of parliament from Lalitpur Constituency-3 with a wide-margin victory over her nearest rival Amrit Khadka of CPN UML.</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 voting results published by the Election Commission on Wednesday morning shows that Dr Karki secured 14,208 votes against 8,223 of UML leader Khadka. Meanwhile, Maoist Center candidate and Energy Minister Pampha Bhusal finished a distant third with 5,453 votes.</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"">RSP also secured seats in the parliament from constituencies 7 and 8 of Kathmandu. (With inputs from RSS)</span></span></span></p> <p> </p> <p><br /> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16105', 'image' => '20221123114422_sobita.jpg', 'article_date' => '2022-11-23 11:43:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16364', 'article_category_id' => '1', 'title' => 'PM Deuba Wins HoR Seat from Dadeldhura ', 'sub_title' => '', 'summary' => 'November 23: Prime Minister and Nepali Congress President Sher Bahadur Deuba has emerged victorious in the election to the House of Representatives (HoR) from Dadeldhura district. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 23: Prime Minister and Nepali Congress President Sher Bahadur Deuba has emerged victorious in the election to the House of Representatives (HoR) from Dadeldhura district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This is the seventh straight victory of Deuba from his home district Dadeldhura. Deuba has been the MP from Dadeldhura since 2048 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 51,203 votes cast, Deuba won the election by securing 25,534 votes, Chief Returning Officer Bal Krishna Wagle said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deuba’s closest rival Sagar Dhakal, and independent candidate, garnered 13,042 votes while NC (BP)’s Karna Bahadur Malla secured 7,535 votes, the Office of the Chief Returning Officer said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Born at Ruwakhola of Asigram in Dadeldhura district in 2003 BS, Deuba joined politics since 2017 BS and served as the first elected chief of Nepal Student’s Union. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16104', 'image' => '20221123114959_Deuba.jpg', 'article_date' => '2022-11-23 11:49:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16362', 'article_category_id' => '1', 'title' => 'Nepali Congress Ahead in HoR, State Assembly Elections', 'sub_title' => '', 'summary' => 'November 23: Nepali Congress is taking the lead in the first-past-the-post electoral system under the elections to the House of Representatives (HoR) and provincial assemblies held on Sunday, November 20. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">November 23: Nepali Congress is taking the lead in the first-past-the-post electoral system under the elections to the House of Representatives (HoR) and provincial assemblies held on Sunday, November 20.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">According to the results published by the Election Commission on its website, the NC has won 14 seats of lower house as of Wednesday afternoon. Similarly, the NC is ahead in vote count in 43 HoR constituencies.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Meanwhile, the main opposition party CPN-UML has won five HoR seats and is ahead in the vote count in 39 constituencies. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Similarly, the CPN (Maoist Centre), which had forged an electoral alliance with the NC, has won three seats and is leading in 14 constituencies while the CPN (Unified Socialist) has won one seat in lower house and is ahead in eight constituencies. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Likewise, the newly-formed Rastriya Swatantra Party has won four seats in HoR and is ahead in vote count in five constituencies while the Rastriya Prajatantra Party has also won one lower house seat and is leading the tally in four constituencies followed by Janamat Party (5), and Loktantrik Samajbadi Party (2). Nagarik Unmukti Party has secured one seat in parliament and is leading the vote count in three constituencies.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The NC is also leading vote count in provincial assemblies’ election and has already won 16 seats. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">CPN-UML is second with five wins and is ahead in 60 constituencies while the Maoist Centre has also won five provincial assembly seats and is leading in 33 constituencies by the time this news report was prepared.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16103', 'image' => '20221123111319_ROS_KTM-0178.jpg', 'article_date' => '2022-11-23 11:12:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16361', 'article_category_id' => '1', 'title' => 'CPN-UML Leads Vote Count under PR System ', 'sub_title' => '', 'summary' => 'November 23: The CPN-UML is leading the vote count under the proportional representation (PR) system as of 11:30 pm on Tuesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 23: The CPN-UML is leading the vote count under the proportional representation (PR) system as of 11:30 pm on Tuesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Election Commission (EC), the UML has secured 159,050 votes while the Nepali Congress, which is in the second position, has managed 138,446 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rastriya Swatantra Party (RSP) is third with 70,795 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, CPN (Maoist Centre) has obtained 66,911 votes and Rastriya Prajatantra Party (RPP) garnered 37,335 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The EC informed that Janamat Party has secured 12,626 votes and Janata Samajwadi Party has bagged 12,138 votes under the PR system. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Nepal Workers and Peasants Party has managed 8,621 votes, CPN (Unified Socialist) has 8,561 votes, Nagarik Unmukti Party holds 7,830 votes and other parties have managed 32,319 votes. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16102', 'image' => '20221123103320_KN_Damauli-image_6483441.jpg', 'article_date' => '2022-11-23 10:32:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16360', 'article_category_id' => '1', 'title' => 'Voters Looking for a Political Change', 'sub_title' => '', 'summary' => 'November 22: The results of the November 20 elections to the members of the House of Representatives and provincial assemblies have started to arrive.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rudra Khadka</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"">November 22: The results of the November 20 elections to the members of the House of Representatives and provincial assemblies have started to arrive.</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 preliminary results seem to be as expected. The ruling Nepali Congress and the main opposition CPN-UML are at the forefront. These parties are likely to be the first and second largest parties in the new parliament. Despite this, voters from all over the country have given a clear message that they are looking for a change.</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 popularity of the Rastriya Swatantra Party (RSP) led by former journalist Ravi Lamichhane, despite being established only a few months before the election, getting respectable votes is a clear indication that the voters are in favour of change.</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"">While there are complaints that the political parties that have been holding the reins of power since 1990 have not been able to work according to the people's aspirations and only a limited number of people are currently in power, the RSP has expressed its commitment that one person will not hold any position for more than two terms. The party has also made it clear that the relatives of the party leaders will not be appointed to positions of benefit. The RSP has advocated for good governance and pledged to fight against corruption. This has attracted the voters to the new party.</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"">It seems that the new parties also have benefited from a six per cent decline in votes compared to the 2017 general elections. The general trand of major political parties presenting attractive plans in their manifesto but their failure to implement such plans in practice also helped the RSP this time. Many disappointed voters of the old political parties did not vote this time. As a result, participation in voting decreased.</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"">In Nepal, there has been a change in political consciousness among the common people. If the people had not wanted change, the 104-year-long Rana regime would not have ended. Even the panchayat rulers who had been in power for 30 years would not have been forced to kneel had the public not wanted change.</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"">Change is inevitable not only in Nepal but also all over the world. The difference is - in countries where democracy is practised well, leadership changes rather than political parties/systems. Political analysts say that people may look for alternatives to big political parties because they have hardly changed their leadership.</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 election results will likely come as a warning sign to the big political parties and their leaders that they need to improve. If the parties change the way they work, they might establish themselves for the next few years. If the parties and their leaders don't take this as a warning, it is clear that their future in politics is doomed. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16101', 'image' => '20221122041334_KB_KTM_E3A0922copy.jpg', 'article_date' => '2022-11-22 16:12:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16358', 'article_category_id' => '1', 'title' => 'What do Investors Predict about the Capital Market after Election?', 'sub_title' => '', 'summary' => 'November 22: Investors are eagerly awaiting for the impact of election on the capital market.', 'content' => '<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"">November 22: Investors are eagerly awaiting for the impact of election on the capital market. Some investors are expecting golden days in the secondary market after the election. The November 20 polls were suspended only in a few places while the election concluded peacefully in most of the constituencies.</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"">The investors are expecting a new government and a new dimension in investment after the election. Some investors who had been voicing for reforms in the share market joined the fray in election this time. Stakeholders believed that the share market will gain a lot if those advocating for the reforms of this sector get elected to the post of MPs.</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"">The secondary market of Nepal with more than 5.4 million investors has been fluctuating since more the past one year. The Nepal Stock Exchange (NEPSE) index, which climbed to a record high of 3,200 points, has once again dropped to less than 2,000 points.</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"">Investors believe that the election will have a positive impact on the share market.</span></span></span></span></p> <p><strong><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"">Radha Pokharel</span></span></span></span></strong></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"">Chairperson, Nepal Stock Market Investors Association</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"">The share market has always flourished during the election year. The liquidity crisis in the banking system gets eased during the election. This will have a positive impact on the share market. This time our colleagues have also contested the election. We firmly believe that the problems of the share market will be resolved if they win the election and become MPs. Although there are laws to govern the share market, it is important to implement them. I firmly believe that the new government will work towards enhancing the share market.</span></span></span></span></p> <p><strong><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"">Chotelal Rauniyar</span></span></span></span></strong></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"">Former Chairman, Nepal Investors Forum</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"">The share market has received positive indications ahead of the election. Remittance inflow has increased and is in an increasing trend. This is also a good sign for the economy and the capital market. </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"">The liquidity crisis is also improving of late and the interest rate is also declining. The NEPSE index has fallen from 3,200 points to 1,900 points. The share value of most of the companies has fallen. If anyone invests in share at this moment, there is 20 percent risk and 80 percent return.</span></span></span></span></p> <p><strong><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"">Ambika Prasad Poudel</span></span></span></span></strong></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"">Chairman, Capital Market Forum of FNCCI</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"">The number of stock brokers is increasing and a new stock exchange company is in the offing. The process of book building is also moving forward. The stock market index is also rising slowly. Remittance inflow graph is also increasing. The Balance of Payments is also positive. The foreign exchange reserves are also improving and the CD ratio is also getting better. The arrival of tourists is also improving with the decline in coronavirus cases. The capital expenditure is expected to be better after the election. All these positive indications show that the share market will become better in the coming days. However, the capital market depends on psychological factors. If the investors are positive, then the share market will head towards the right direction.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16100', 'image' => '20221122020823_1669095018.jpg', 'article_date' => '2022-11-22 14:07:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16359', 'article_category_id' => '1', 'title' => 'Asian Shares Down as Covid-19 Cases Flare-up in China', 'sub_title' => 'Investors Fear China may Resume Strict COVID Curbs', 'summary' => 'November 22: Asian shares were on the defensive on Tuesday as a COVID-19 resurgence in China increased concerns that Beijing may reimpose strict pandemic curbs. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">November 22: Asian shares were on the defensive on Tuesday as a COVID-19 resurgence in China increased concerns that Beijing may reimpose strict pandemic curbs. According to Reuters, further restrictions could cause supply chain disruptions.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The dollar pulled back from strong overnight gains on Tuesday while oil took a pause from Monday's retreat, added the news agency.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“The broader Asia-Pacific index ex-Japan lost 0.25 percent in early trade, while China’s benchmark dipped 0.13 percent. Hong Kong's benchmark index fell 1.31 percent. Japan's benchmark Nikkei average opened up 0.78 percent, while Australian shares rose 0.55 percent,” Reuters reported.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the news agency, Beijing warned on Monday that it was facing its most severe test of the pandemic, fuelling investor concerns that China may be forced to resume strict mobility curbs and give stay and home orders across cities.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The controversial strategy - which aims to eradicate outbreaks - has seen millions locked down and citizens who have tested positive for the virus forcibly quarantined, BBC reported, adding, “Three deaths have been reported in the Chinese capital since Saturday, bringing the country's official death toll to 5,229. The latest fatalities have plunged parts of the city home to more than 21 million back into lockdown.”</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Meanwhile, Reuters reported that the US dollar pared some of its strong overnight gains on Tuesday after investors flocked to the safe-haven currency on nerves over China's COVID flare ups.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“Oil prices rose slightly in early Asian trade, a day after Saudi Arabia denied a media report that it was discussing an increase in oil supply with OPEC and its allies. US crude rose 0.27 percent to $80.26 per barrel on Tuesday and Brent was at $87.79, up 0.19 percent. Spot gold traded at $1,738.39 an ounce,” Reuters added.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16099', 'image' => '20221122020923_0x0.jpg', 'article_date' => '2022-11-22 14:08:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16357', 'article_category_id' => '1', 'title' => 'Tourists Carrying Indian Currency Face Hassles at Border Checkpoints', 'sub_title' => '', 'summary' => 'November 22: Tourists coming from India have been facing problems at border checkpoints due to the ban on Indian currency of 500 and 2000 denominations.', 'content' => '<p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">November 22: Tourists coming from India have been facing problems at border checkpoints due to the ban on Indian currency of 500 and 2000 denominations. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">The local entrepreneurs say that if the Indian tourists visiting Nepal are found carrying these currency notes, the security personnel deployed at the border points confiscate the notes and even imprison them.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, only IRs 100 is in circulation in Nepal. Officials of NRB clarified that such a rule is imposed while considering the risk of unauthorized transactions of Indian Currency (IC).</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">When carrying low IC notes of low denomination, one has to carry large quantities of such notes even for small transactions, which is difficult and impractical. Some of the tourists carry IRs 500 and IRs 2000 notes due to lack of information and get into trouble. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Hari Pant, president of Hotel and Tourism Entrepreneurs Association, said that the Indian tourists hesitate to come to Nepal due to such hassles.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Pant complains that the issue of big notes is affecting the tourism and hotel business of the Terai region. The business of this area is dependent on Indian tourists. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">“When the tourists from India started getting into trouble because of the cash they had with them, it has started affecting our business,” he said.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Indian citizens do not know that Indian notes above 100 rupee denomination are banned in Nepal. Sanjay Agarwal, co-ordinator of the Madhesh Province Tour and Travel and Tourism Committee of the Federation of Nepalese Chamber of Commerce and Industry says that tourists suffer at the border because of the money they bring with them to spend.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Ashok Kumar Baidya, chairman of Nepal-India Cooperation Forum, suggested that the government should facilitate Indian tourists in the border points even if it means they have to establishment a help room for the Indian tourists. He suggested that the Indian should be allowed to carry currencies of 500 and 2000 denominations on a self-declaration basis. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">“If they are not allowed bring the notes, there should be a simple arrangement to facilitate the Indian tourists at the border. They should not be prosecuted and sent to prison, but rather need cooperation.”</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Entrepreneurs say that there is no reason to impose a ban on the higher denominations of Indian currency in Nepal and cause suffering to the tourists on the pretext of banning these currency notes. Tourism entrepreneurs argue that the government must either ban the Indian currency in Nepal completely or lift the ban altogether because there is no point in allowing circulation of IRs 100 notes and banning the circulation of IRs 500 and IRs 2000 notes. This has only become a cause of confusion and problems for tourists coming to Nepal, they say.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16098', 'image' => '20221122013715_1669098225.भारू बोकेर आउने पर्यटकलाई सिमानामा सास्ती.jpg', 'article_date' => '2022-11-22 13:36:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16356', 'article_category_id' => '1', 'title' => 'Less than 800 People get Jobs under PM Employment Programme', 'sub_title' => '', 'summary' => 'November 22: The Prime Minister's Employment Program launched by the previous government under the leadership of KP Sharma Oli has not been implemented properly even in the current fiscal year.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 22: The Prime Minister's Employment Program launched by the previous government under the leadership of KP Sharma Oli has not been implemented properly even in the current fiscal year. It has been five months since the new fiscal year started but many of the people listed in the programme are still unemployed. Even the allocated budget is barely being spent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Around 841,500 people have applied for jobs under the PM's Employment Programme this year including 387,000 male and more than 453,000 female applicants. The PM's Employment Programme Secretariat, which is under the Ministry of Labour, Employment and Social Security informed that only 712 of them are employed and received the minimum wage.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">They have been given the minimum wage at the rate of Rs 614 per day on an average. According to the secretariat, it is not possible to provide employment to 800,000 people this year. Also, not all the applicants are eligible for employment. Therefore, the government aims to provide employment to 200,000 people this year through the budget. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Lok Nath Bhusal, under-secretary of the PMEP secretariat, informed that the plan to provide employment is being carried out accordingly.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“Not all the applicants are eligible for employment. Around 200,000 applicants will be employed after selecting the eligible candidates from among the applicants. If the government arranges more budget, more people can be employed,” said Bhusal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The government has allocated a budget of Rs 7.13 billion for the PM's Employment Programme this year. In the last five months, only Rs 99.4 million has been spent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bhusal says that this ambitious programme is not implemented properly this year due to the elections. He stated, “Because everyone's attention is on the election, the implementation of the programme has not been able to accelerate, it will gain momentum after the election.”</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Last year, the government had allocated a budget of Rs 12 billion for this programme, but for the current fiscal year, Finance Minister Janardan Sharma allocated only Rs 7 billion. Even though the government is under intense pressure to amend the programme and make it production-oriented, it seems that implementation part is getting worse.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The World Bank has provide a concessional loan of Rs 14 billion in the name of 'Yeti Project' in order to implement this programme. This year, more than Rs 18 million of the said loan is being spent. Even though donor agencies have supported the programme, questions are being raised because it is not effective.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16097', 'image' => '20221122011616_PMEP.jpeg', 'article_date' => '2022-11-22 13:15:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16355', 'article_category_id' => '1', 'title' => 'Over 1,400 Climbers Acquire Permits to Climb Mountain Peaks during Autumn Season', 'sub_title' => '', 'summary' => 'November 22: The Government of Nepal has granted permission for climbers from 76 countries to scale mountain peaks during the autumn season this year, which is considered ideal climbing period after the spring season.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 22: The Government of Nepal has granted permission for climbers from 76 countries to scale mountain peaks during the autumn season this year, which is considered an ideal climbing period after the spring season. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the Department of Tourism, the government body responsible for issuing climbing permits, a total of 1,435 foreigners have been granted permission to climb 48 different peaks during the autumn climbing window. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During this autumn, a few climbers are interested in climbing Mt Everest, the world’s highest peak, which fetches good royalties. Most of the climbers prefer to scale Everest during the spring window and opt for Mt Manaslu (8,161 meters) during the autumn season.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the latest data of the department, altogether 404 climbers of 38 expedition groups have been issued permits to climb Mt Manaslu this season.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">A total of 330 female climbers have received permission to climb mountains during this period. The department has collected royalties worth Rs 93 million from climbing permits. Royalties from Manaslu alone is worth Rs 46.2 million while the department has collected royalties worth Rs 3.5 million from 5 climbers attempting to climb Everest. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Even climbers from two warring countries, Russia and Ukraine, have also arrived here to climb mountain peaks this year. According to the department, almost half a million tourists have arrived in Nepal in the first ten months of 2022 after a decline in Covid-19 cases in Nepal. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Most of the climbers are from the UK (144) followed by the USA (132) and France (129). </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Others are from Germany, Spain, India, Japan, Italy, Australia, Norway, Poland, Slovenia, Iran among others.</span></span></p> <p> </p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16096', 'image' => '20221122121433_SantoshGautam_Myagdi_RSS_02_Churenhimaltreak(2).jpg', 'article_date' => '2022-11-22 12:13:48', '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' => '16369', 'article_category_id' => '1', 'title' => 'UML Continues to Lead Vote Count under PR Category with over 400,000 Votes ', 'sub_title' => '', 'summary' => 'November 24: The CPN (UML) is leading the vote count under proportional representation category with a total 452,730 votes so far. ', '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 CPN (UML) is leading the vote count under proportional representation category with a total 452,730 votes so far. The Nepali Congress is second with 416,184 votes, according to the latest update of the Election Commission. </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 Rastriya Swatantra Party is third with 234,747 votes followed by the CPN (Maoist Center) with 192,742 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Rastriya Prajatantra Party has secured 123,909 votes, Janata Samajwadi Party Nepal 57,910 votes, Nepal Workers and Peasants Party 42,457 votes and the Janamat Party 28,344 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the CPN (Unified Socialist) has secured 28,376 votes, Nagarik Unmukti Party 25,616 votes, and others have received 98,519 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the EC's preliminary estimate, voter turnout was 61 percent. </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"">Under the PR category, a party is required to get at least three percent of the total number of votes cast to get seats. It means that a single party should get over 320,000 votes to secure seats in parliament under the PR section. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16110', 'image' => '20221124103901_EC.jpg', 'article_date' => '2022-11-24 10:37:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16368', 'article_category_id' => '1', 'title' => 'Analysts Believe Election will Revitalize the Economy', 'sub_title' => '', 'summary' => 'November 23: Analysts believe that the overall economy of the country will gain normalcy due to the election expenses.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">November 23: Analysts believe that the overall economy of the country will gain normalcy due to the election expenses. They expect that the money spent by the political parties and the government for the elections held on November 20 will flow to the market and the economy will revitalize.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the economists, the expenses incurred by political parties, poll candidates and the government for the elections will help the economy of the country as a whole. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Economist Keshav Acharya remarked that Rs 10 billion spent by the candidates will flow to the market, which will help in revitalizing the economy. He said that the candidates have spent extensively on vehicles, hotels and social media during the elections. Economist Acharya added that millions of rupees will return to the banking system and liquidity crisis will also ease.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Banking expert Analraj Bhattarai said that the expenses incurred in the election will help the country's economy to return to normalcy to some extent.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">However, he added that it is not capable of making big contribution to economic growth. He said that the expenses incurred by the government and the expenses incurred by the candidates of the political parties in the elections have is almost Rs 50 billion. He said that the expenses of the election will bring some relief to the liquidity crisis in the banks. Bhattarai said that now the banks will distribute cash dividends after the election expenses eases liquidity problem. He however estimates the liquidity problem will persist for a long time due to the demand of Rs 300 billion in the market, continuous recession in business and the reduction in revenue collection due to the government's ban on imports.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Bhattarai stated, “In 2017 elections, the growth rate of the economy increased due to the increase in expenses. At that time, the economic growth rate reached 8 percent. However, currently the global economy is unstable due to the Covid-19 pandemic and Ukraine-Russia War. Nepal as well is not an exception to their impacts.” He said that the economic growth rate of Nepal could be 5 percent in the current fiscal year. He remarked that the newly formed government will face challenges and will need to do a lot of work to improve the economy.</span></span></span></span></p> <p> </p> <p><br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16109', 'image' => '20221123080457_DB_Simkot-IMG20221123124943.jpg', 'article_date' => '2022-11-23 20:04:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16367', 'article_category_id' => '1', 'title' => 'Election Management has Improved in Nepal: Chairman Thowfeek ', 'sub_title' => '', 'summary' => 'November 23: Chairman of the Election Commission of the Maldives, Fuwad Thowfeek, has said that the election management and process have improved in Nepal compared to the past. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 23: Chairman of the Election Commission of the Maldives, Fuwad Thowfeek, has said that the election management and process have improved in Nepal compared to the past. The Maldives' Election Commission chief was in Nepal to observe the election to the members of the House of Representatives and provincial assemblies held on November 20. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Thowfeek made such remark on Wednesday before returning home. Stating that he had also visited Nepal in 2070 BS to observe the general election, he lauded the efforts of the employees and security persons deputed on election duty and the participation of voters. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Maldives' Election Commission Chief Thowfeek had observed the election at eight voting stations in Kathmandu, Lalitpur and Kavrepalanchok. He further said that he would share about the good practices of the election management and the process found in Nepal back in the Maldives. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“The voters in the developing countries seem not yet ready to adopt the electronic voting system,” he said and suggested that rather than collecting the ballot boxes at every Election Officer's office for counting the votes, it would be better if the vote counting was done at every polling station itself. He urged the Election Commission, Nepal to think on this line as well. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16108', 'image' => '20221123050626_20220805085711_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-23 17:05:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16366', 'article_category_id' => '1', 'title' => 'Global Slowdown to Hit Europe the Hardest: OECD', 'sub_title' => '', 'summary' => 'November 23: The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit hardest, the Organisation for Economic Cooperation and Development (OECD) said.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Agencies</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 23: The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit hardest, the Organisation for Economic Cooperation and Development (OECD) said.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to a news report published by Reuters on Tuesday, the OECD added that fighting inflation should be policymakers' top priority.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">National outlooks vary widely, although Britain's economy is set to lag major peers, the OECD said.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">It forecast that world economic growth would slow from 3.1 percent this year - slightly more than the OECD foresaw in its September projections - to 2.2 percent next year, before accelerating to 2.7 percent in 2024.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We are not predicting a recession, but we are certainly projecting a period of pronounced weakness,” Reuters quoted OECD head Mathias Cormann as saying during a news conference while presenting the organisation's latest Economic Outlook.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to Reuters, the OECD said that the global slowdown was hitting economies unevenly, with Europe bearing the brunt as Russia's war in Ukraine hits business activity and drives an energy price spike.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">It forecast that the 19-country euro zone economy would grow 3.3 percent this year then slow to 0.5 percent in 2023 before recovering to expand by 1.4 percent in 2024. That was slightly better than in the OECD's September outlook, when it estimated 3.1 percent growth this year and 0.3 percent in 2023.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Outside the euro zone, the British economy was seen shrinking 0.4 percent next year as it contends with rising interest rates, surging inflation and weak confidence. Previously the OECD had expected 0.2 percent growth.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The US economy was set to hold up better, with growth expected to slow from 1.8 percent this year to 0.5 percent in 2023 before rising to 1.0 percent in 2024. The OECD had previously expected growth of only 1.5 percent this year in the world's biggest economy and its estimate for 2023 was unchanged.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to Reuters, China, which is not an OECD member, was one of the few major economies expected to see growth pick up next year, after a wave of COVID lockdowns. Growth there was seen rising from 3.3 percent this year to 4.6 percent in 2023 and 4.1 percent in 2024, compared with previous forecasts of 3.2 percent in 2022 and 4.7 percent for 2023.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The forecast, however, does not take into account the latest curbs imposed by China to deal with the flare-ups in Covid cases.</span></span></p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16107', 'image' => '20221123022417_EU_economic_governance.jpg', 'article_date' => '2022-11-23 14:23:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16365', 'article_category_id' => '1', 'title' => 'Bank Deposits Up while Credit Flow Slumps', 'sub_title' => '', 'summary' => 'November 23: Commercial banks of Nepal have reported positive outcome in deposit collection to back the central bank’s claim that the economic indicators are improving in the country.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">November 23: Commercial banks of Nepal have reported positive outcome in deposit collection to back the central bank’s claim that the economic indicators are improving in the country.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The deposit collection of banks increased in a one month period between mid-October to mid-November due to increase in remittance inflow as well as economic activities during the election.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The deposit collection of 26 commercial banks in Nepal stood at Rs 16.19 billion in the review month, according to the figures released by Nepal Bankers Association.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">As per the data of the association, the total deposits of commercial banks which stood at Rs 4.547 trillion in mid-October has increased to Rs 4.563 trillion by mid-November.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The association informed that the deposits withdrawn by the banks’ customers during the festive season has started returning to the banking system from the first week of November.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">“The bank deposits were withdrawn in mid-October during the festive season. But they have started returning to the banking system,” said Kiran Kumar Shrestha, CEO of Rastriya Banijya Bank.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">He argued that the bank deposits will further rise because the money from the informal sector will pour into the market due to the election.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">Nepal Rastra Bank had recently published a report indicating improvement in economic indicators. According to the NRB, the Balance of Payments remained at a surplus in mid-October for the first time in 14 months. Likewise, remittance inflow also increased by 16 percent to Rs 281.5 billion in the first quarter of the current fiscal year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">Although the deposit collection of banks increased in the review period, credit flow has declined.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The total credit flow of banks in the review month stood at Rs 1.26 billion.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The loan portfolio of commercial banks has now reached Rs 4.222 trillion. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The CD ratio of banks in the review month was 87.19 percent. Although the CD ratio is within the limit set by the central bank, the commercial banks are not able to increase credit flow due to high interest rates.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16106', 'image' => '20221123125400_Banks - Copy.jpg', 'article_date' => '2022-11-23 12:53:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16363', 'article_category_id' => '1', 'title' => 'Newly-Formed RSP Wins Four Seats in House of Representatives', 'sub_title' => 'RSP’s Sobita Gautam wins HoR seat in Kathmandu-2, Toshima Karki Triumphs in Lalitpur-3 ', 'summary' => 'November 23: Rastriya Swatantra Party’s candidate for House of Representatives (HoR) from Kathmandu Constituency-2, Sobita Gautam, has emerged victorious in the election with an overwhelming 15,229 votes.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 23: Rastriya Swatantra Party’s candidate for House of Representatives (HoR) from Kathmandu Constituency-2, Sobita Gautam, has emerged victorious in the election with an overwhelming 15,229 votes. </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"">According to Returning Officer Bimala Regmi, the vote counting in the constituency was completed on Wednesday morning. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gautam’s nearest rival Mani Ram Phuyal of CPN (UML) garnered 11,555 votes while Rastriya Prajatantra Party’s Kunti Devi Pokharel finished third with 11,014 votes. </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"">Meanwhile, CPN (Maoist Centre)’s Onsari Gharti obtained 9,449 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the total 52,956 votes cast in the constituency, 2,116 votes were invalid. </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"">With Gautam’s victory, the newly-formed RSP has now secured four seats in the House of Representatives.</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"">Dr Toshima Karki of the same party secured a seat in the lower house of parliament from Lalitpur Constituency-3 with a wide-margin victory over her nearest rival Amrit Khadka of CPN UML.</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 voting results published by the Election Commission on Wednesday morning shows that Dr Karki secured 14,208 votes against 8,223 of UML leader Khadka. Meanwhile, Maoist Center candidate and Energy Minister Pampha Bhusal finished a distant third with 5,453 votes.</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"">RSP also secured seats in the parliament from constituencies 7 and 8 of Kathmandu. (With inputs from RSS)</span></span></span></p> <p> </p> <p><br /> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16105', 'image' => '20221123114422_sobita.jpg', 'article_date' => '2022-11-23 11:43:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16364', 'article_category_id' => '1', 'title' => 'PM Deuba Wins HoR Seat from Dadeldhura ', 'sub_title' => '', 'summary' => 'November 23: Prime Minister and Nepali Congress President Sher Bahadur Deuba has emerged victorious in the election to the House of Representatives (HoR) from Dadeldhura district. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 23: Prime Minister and Nepali Congress President Sher Bahadur Deuba has emerged victorious in the election to the House of Representatives (HoR) from Dadeldhura district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This is the seventh straight victory of Deuba from his home district Dadeldhura. Deuba has been the MP from Dadeldhura since 2048 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 51,203 votes cast, Deuba won the election by securing 25,534 votes, Chief Returning Officer Bal Krishna Wagle said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deuba’s closest rival Sagar Dhakal, and independent candidate, garnered 13,042 votes while NC (BP)’s Karna Bahadur Malla secured 7,535 votes, the Office of the Chief Returning Officer said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Born at Ruwakhola of Asigram in Dadeldhura district in 2003 BS, Deuba joined politics since 2017 BS and served as the first elected chief of Nepal Student’s Union. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16104', 'image' => '20221123114959_Deuba.jpg', 'article_date' => '2022-11-23 11:49:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16362', 'article_category_id' => '1', 'title' => 'Nepali Congress Ahead in HoR, State Assembly Elections', 'sub_title' => '', 'summary' => 'November 23: Nepali Congress is taking the lead in the first-past-the-post electoral system under the elections to the House of Representatives (HoR) and provincial assemblies held on Sunday, November 20. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">November 23: Nepali Congress is taking the lead in the first-past-the-post electoral system under the elections to the House of Representatives (HoR) and provincial assemblies held on Sunday, November 20.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">According to the results published by the Election Commission on its website, the NC has won 14 seats of lower house as of Wednesday afternoon. Similarly, the NC is ahead in vote count in 43 HoR constituencies.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Meanwhile, the main opposition party CPN-UML has won five HoR seats and is ahead in the vote count in 39 constituencies. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Similarly, the CPN (Maoist Centre), which had forged an electoral alliance with the NC, has won three seats and is leading in 14 constituencies while the CPN (Unified Socialist) has won one seat in lower house and is ahead in eight constituencies. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Likewise, the newly-formed Rastriya Swatantra Party has won four seats in HoR and is ahead in vote count in five constituencies while the Rastriya Prajatantra Party has also won one lower house seat and is leading the tally in four constituencies followed by Janamat Party (5), and Loktantrik Samajbadi Party (2). Nagarik Unmukti Party has secured one seat in parliament and is leading the vote count in three constituencies.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The NC is also leading vote count in provincial assemblies’ election and has already won 16 seats. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">CPN-UML is second with five wins and is ahead in 60 constituencies while the Maoist Centre has also won five provincial assembly seats and is leading in 33 constituencies by the time this news report was prepared.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16103', 'image' => '20221123111319_ROS_KTM-0178.jpg', 'article_date' => '2022-11-23 11:12:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16361', 'article_category_id' => '1', 'title' => 'CPN-UML Leads Vote Count under PR System ', 'sub_title' => '', 'summary' => 'November 23: The CPN-UML is leading the vote count under the proportional representation (PR) system as of 11:30 pm on Tuesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 23: The CPN-UML is leading the vote count under the proportional representation (PR) system as of 11:30 pm on Tuesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Election Commission (EC), the UML has secured 159,050 votes while the Nepali Congress, which is in the second position, has managed 138,446 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rastriya Swatantra Party (RSP) is third with 70,795 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, CPN (Maoist Centre) has obtained 66,911 votes and Rastriya Prajatantra Party (RPP) garnered 37,335 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The EC informed that Janamat Party has secured 12,626 votes and Janata Samajwadi Party has bagged 12,138 votes under the PR system. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Nepal Workers and Peasants Party has managed 8,621 votes, CPN (Unified Socialist) has 8,561 votes, Nagarik Unmukti Party holds 7,830 votes and other parties have managed 32,319 votes. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16102', 'image' => '20221123103320_KN_Damauli-image_6483441.jpg', 'article_date' => '2022-11-23 10:32:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16360', 'article_category_id' => '1', 'title' => 'Voters Looking for a Political Change', 'sub_title' => '', 'summary' => 'November 22: The results of the November 20 elections to the members of the House of Representatives and provincial assemblies have started to arrive.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rudra Khadka</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"">November 22: The results of the November 20 elections to the members of the House of Representatives and provincial assemblies have started to arrive.</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 preliminary results seem to be as expected. The ruling Nepali Congress and the main opposition CPN-UML are at the forefront. These parties are likely to be the first and second largest parties in the new parliament. Despite this, voters from all over the country have given a clear message that they are looking for a change.</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 popularity of the Rastriya Swatantra Party (RSP) led by former journalist Ravi Lamichhane, despite being established only a few months before the election, getting respectable votes is a clear indication that the voters are in favour of change.</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"">While there are complaints that the political parties that have been holding the reins of power since 1990 have not been able to work according to the people's aspirations and only a limited number of people are currently in power, the RSP has expressed its commitment that one person will not hold any position for more than two terms. The party has also made it clear that the relatives of the party leaders will not be appointed to positions of benefit. The RSP has advocated for good governance and pledged to fight against corruption. This has attracted the voters to the new party.</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"">It seems that the new parties also have benefited from a six per cent decline in votes compared to the 2017 general elections. The general trand of major political parties presenting attractive plans in their manifesto but their failure to implement such plans in practice also helped the RSP this time. Many disappointed voters of the old political parties did not vote this time. As a result, participation in voting decreased.</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"">In Nepal, there has been a change in political consciousness among the common people. If the people had not wanted change, the 104-year-long Rana regime would not have ended. Even the panchayat rulers who had been in power for 30 years would not have been forced to kneel had the public not wanted change.</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"">Change is inevitable not only in Nepal but also all over the world. The difference is - in countries where democracy is practised well, leadership changes rather than political parties/systems. Political analysts say that people may look for alternatives to big political parties because they have hardly changed their leadership.</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 election results will likely come as a warning sign to the big political parties and their leaders that they need to improve. If the parties change the way they work, they might establish themselves for the next few years. If the parties and their leaders don't take this as a warning, it is clear that their future in politics is doomed. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16101', 'image' => '20221122041334_KB_KTM_E3A0922copy.jpg', 'article_date' => '2022-11-22 16:12:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16358', 'article_category_id' => '1', 'title' => 'What do Investors Predict about the Capital Market after Election?', 'sub_title' => '', 'summary' => 'November 22: Investors are eagerly awaiting for the impact of election on the capital market.', 'content' => '<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"">November 22: Investors are eagerly awaiting for the impact of election on the capital market. Some investors are expecting golden days in the secondary market after the election. The November 20 polls were suspended only in a few places while the election concluded peacefully in most of the constituencies.</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"">The investors are expecting a new government and a new dimension in investment after the election. Some investors who had been voicing for reforms in the share market joined the fray in election this time. Stakeholders believed that the share market will gain a lot if those advocating for the reforms of this sector get elected to the post of MPs.</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"">The secondary market of Nepal with more than 5.4 million investors has been fluctuating since more the past one year. The Nepal Stock Exchange (NEPSE) index, which climbed to a record high of 3,200 points, has once again dropped to less than 2,000 points.</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"">Investors believe that the election will have a positive impact on the share market.</span></span></span></span></p> <p><strong><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"">Radha Pokharel</span></span></span></span></strong></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"">Chairperson, Nepal Stock Market Investors Association</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"">The share market has always flourished during the election year. The liquidity crisis in the banking system gets eased during the election. This will have a positive impact on the share market. This time our colleagues have also contested the election. We firmly believe that the problems of the share market will be resolved if they win the election and become MPs. Although there are laws to govern the share market, it is important to implement them. I firmly believe that the new government will work towards enhancing the share market.</span></span></span></span></p> <p><strong><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"">Chotelal Rauniyar</span></span></span></span></strong></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"">Former Chairman, Nepal Investors Forum</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"">The share market has received positive indications ahead of the election. Remittance inflow has increased and is in an increasing trend. This is also a good sign for the economy and the capital market. </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"">The liquidity crisis is also improving of late and the interest rate is also declining. The NEPSE index has fallen from 3,200 points to 1,900 points. The share value of most of the companies has fallen. If anyone invests in share at this moment, there is 20 percent risk and 80 percent return.</span></span></span></span></p> <p><strong><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"">Ambika Prasad Poudel</span></span></span></span></strong></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"">Chairman, Capital Market Forum of FNCCI</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"">The number of stock brokers is increasing and a new stock exchange company is in the offing. The process of book building is also moving forward. The stock market index is also rising slowly. Remittance inflow graph is also increasing. The Balance of Payments is also positive. The foreign exchange reserves are also improving and the CD ratio is also getting better. The arrival of tourists is also improving with the decline in coronavirus cases. The capital expenditure is expected to be better after the election. All these positive indications show that the share market will become better in the coming days. However, the capital market depends on psychological factors. If the investors are positive, then the share market will head towards the right direction.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16100', 'image' => '20221122020823_1669095018.jpg', 'article_date' => '2022-11-22 14:07:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16359', 'article_category_id' => '1', 'title' => 'Asian Shares Down as Covid-19 Cases Flare-up in China', 'sub_title' => 'Investors Fear China may Resume Strict COVID Curbs', 'summary' => 'November 22: Asian shares were on the defensive on Tuesday as a COVID-19 resurgence in China increased concerns that Beijing may reimpose strict pandemic curbs. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">November 22: Asian shares were on the defensive on Tuesday as a COVID-19 resurgence in China increased concerns that Beijing may reimpose strict pandemic curbs. According to Reuters, further restrictions could cause supply chain disruptions.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The dollar pulled back from strong overnight gains on Tuesday while oil took a pause from Monday's retreat, added the news agency.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“The broader Asia-Pacific index ex-Japan lost 0.25 percent in early trade, while China’s benchmark dipped 0.13 percent. Hong Kong's benchmark index fell 1.31 percent. Japan's benchmark Nikkei average opened up 0.78 percent, while Australian shares rose 0.55 percent,” Reuters reported.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the news agency, Beijing warned on Monday that it was facing its most severe test of the pandemic, fuelling investor concerns that China may be forced to resume strict mobility curbs and give stay and home orders across cities.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The controversial strategy - which aims to eradicate outbreaks - has seen millions locked down and citizens who have tested positive for the virus forcibly quarantined, BBC reported, adding, “Three deaths have been reported in the Chinese capital since Saturday, bringing the country's official death toll to 5,229. The latest fatalities have plunged parts of the city home to more than 21 million back into lockdown.”</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Meanwhile, Reuters reported that the US dollar pared some of its strong overnight gains on Tuesday after investors flocked to the safe-haven currency on nerves over China's COVID flare ups.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“Oil prices rose slightly in early Asian trade, a day after Saudi Arabia denied a media report that it was discussing an increase in oil supply with OPEC and its allies. US crude rose 0.27 percent to $80.26 per barrel on Tuesday and Brent was at $87.79, up 0.19 percent. Spot gold traded at $1,738.39 an ounce,” Reuters added.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16099', 'image' => '20221122020923_0x0.jpg', 'article_date' => '2022-11-22 14:08:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16357', 'article_category_id' => '1', 'title' => 'Tourists Carrying Indian Currency Face Hassles at Border Checkpoints', 'sub_title' => '', 'summary' => 'November 22: Tourists coming from India have been facing problems at border checkpoints due to the ban on Indian currency of 500 and 2000 denominations.', 'content' => '<p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">November 22: Tourists coming from India have been facing problems at border checkpoints due to the ban on Indian currency of 500 and 2000 denominations. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">The local entrepreneurs say that if the Indian tourists visiting Nepal are found carrying these currency notes, the security personnel deployed at the border points confiscate the notes and even imprison them.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, only IRs 100 is in circulation in Nepal. Officials of NRB clarified that such a rule is imposed while considering the risk of unauthorized transactions of Indian Currency (IC).</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">When carrying low IC notes of low denomination, one has to carry large quantities of such notes even for small transactions, which is difficult and impractical. Some of the tourists carry IRs 500 and IRs 2000 notes due to lack of information and get into trouble. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Hari Pant, president of Hotel and Tourism Entrepreneurs Association, said that the Indian tourists hesitate to come to Nepal due to such hassles.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Pant complains that the issue of big notes is affecting the tourism and hotel business of the Terai region. The business of this area is dependent on Indian tourists. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">“When the tourists from India started getting into trouble because of the cash they had with them, it has started affecting our business,” he said.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Indian citizens do not know that Indian notes above 100 rupee denomination are banned in Nepal. Sanjay Agarwal, co-ordinator of the Madhesh Province Tour and Travel and Tourism Committee of the Federation of Nepalese Chamber of Commerce and Industry says that tourists suffer at the border because of the money they bring with them to spend.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Ashok Kumar Baidya, chairman of Nepal-India Cooperation Forum, suggested that the government should facilitate Indian tourists in the border points even if it means they have to establishment a help room for the Indian tourists. He suggested that the Indian should be allowed to carry currencies of 500 and 2000 denominations on a self-declaration basis. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">“If they are not allowed bring the notes, there should be a simple arrangement to facilitate the Indian tourists at the border. They should not be prosecuted and sent to prison, but rather need cooperation.”</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Entrepreneurs say that there is no reason to impose a ban on the higher denominations of Indian currency in Nepal and cause suffering to the tourists on the pretext of banning these currency notes. Tourism entrepreneurs argue that the government must either ban the Indian currency in Nepal completely or lift the ban altogether because there is no point in allowing circulation of IRs 100 notes and banning the circulation of IRs 500 and IRs 2000 notes. This has only become a cause of confusion and problems for tourists coming to Nepal, they say.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16098', 'image' => '20221122013715_1669098225.भारू बोकेर आउने पर्यटकलाई सिमानामा सास्ती.jpg', 'article_date' => '2022-11-22 13:36:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16356', 'article_category_id' => '1', 'title' => 'Less than 800 People get Jobs under PM Employment Programme', 'sub_title' => '', 'summary' => 'November 22: The Prime Minister's Employment Program launched by the previous government under the leadership of KP Sharma Oli has not been implemented properly even in the current fiscal year.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 22: The Prime Minister's Employment Program launched by the previous government under the leadership of KP Sharma Oli has not been implemented properly even in the current fiscal year. It has been five months since the new fiscal year started but many of the people listed in the programme are still unemployed. Even the allocated budget is barely being spent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Around 841,500 people have applied for jobs under the PM's Employment Programme this year including 387,000 male and more than 453,000 female applicants. The PM's Employment Programme Secretariat, which is under the Ministry of Labour, Employment and Social Security informed that only 712 of them are employed and received the minimum wage.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">They have been given the minimum wage at the rate of Rs 614 per day on an average. According to the secretariat, it is not possible to provide employment to 800,000 people this year. Also, not all the applicants are eligible for employment. Therefore, the government aims to provide employment to 200,000 people this year through the budget. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Lok Nath Bhusal, under-secretary of the PMEP secretariat, informed that the plan to provide employment is being carried out accordingly.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“Not all the applicants are eligible for employment. Around 200,000 applicants will be employed after selecting the eligible candidates from among the applicants. If the government arranges more budget, more people can be employed,” said Bhusal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The government has allocated a budget of Rs 7.13 billion for the PM's Employment Programme this year. In the last five months, only Rs 99.4 million has been spent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bhusal says that this ambitious programme is not implemented properly this year due to the elections. He stated, “Because everyone's attention is on the election, the implementation of the programme has not been able to accelerate, it will gain momentum after the election.”</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Last year, the government had allocated a budget of Rs 12 billion for this programme, but for the current fiscal year, Finance Minister Janardan Sharma allocated only Rs 7 billion. Even though the government is under intense pressure to amend the programme and make it production-oriented, it seems that implementation part is getting worse.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The World Bank has provide a concessional loan of Rs 14 billion in the name of 'Yeti Project' in order to implement this programme. This year, more than Rs 18 million of the said loan is being spent. Even though donor agencies have supported the programme, questions are being raised because it is not effective.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16097', 'image' => '20221122011616_PMEP.jpeg', 'article_date' => '2022-11-22 13:15:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16355', 'article_category_id' => '1', 'title' => 'Over 1,400 Climbers Acquire Permits to Climb Mountain Peaks during Autumn Season', 'sub_title' => '', 'summary' => 'November 22: The Government of Nepal has granted permission for climbers from 76 countries to scale mountain peaks during the autumn season this year, which is considered ideal climbing period after the spring season.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 22: The Government of Nepal has granted permission for climbers from 76 countries to scale mountain peaks during the autumn season this year, which is considered an ideal climbing period after the spring season. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the Department of Tourism, the government body responsible for issuing climbing permits, a total of 1,435 foreigners have been granted permission to climb 48 different peaks during the autumn climbing window. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During this autumn, a few climbers are interested in climbing Mt Everest, the world’s highest peak, which fetches good royalties. Most of the climbers prefer to scale Everest during the spring window and opt for Mt Manaslu (8,161 meters) during the autumn season.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the latest data of the department, altogether 404 climbers of 38 expedition groups have been issued permits to climb Mt Manaslu this season.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">A total of 330 female climbers have received permission to climb mountains during this period. The department has collected royalties worth Rs 93 million from climbing permits. Royalties from Manaslu alone is worth Rs 46.2 million while the department has collected royalties worth Rs 3.5 million from 5 climbers attempting to climb Everest. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Even climbers from two warring countries, Russia and Ukraine, have also arrived here to climb mountain peaks this year. According to the department, almost half a million tourists have arrived in Nepal in the first ten months of 2022 after a decline in Covid-19 cases in Nepal. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Most of the climbers are from the UK (144) followed by the USA (132) and France (129). </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Others are from Germany, Spain, India, Japan, Italy, Australia, Norway, Poland, Slovenia, Iran among others.</span></span></p> <p> </p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16096', 'image' => '20221122121433_SantoshGautam_Myagdi_RSS_02_Churenhimaltreak(2).jpg', 'article_date' => '2022-11-22 12:13:48', '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
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', '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 CPN (UML) is leading the vote count under proportional representation category with a total 452,730 votes so far. The Nepali Congress is second with 416,184 votes, according to the latest update of the Election Commission. </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 Rastriya Swatantra Party is third with 234,747 votes followed by the CPN (Maoist Center) with 192,742 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Rastriya Prajatantra Party has secured 123,909 votes, Janata Samajwadi Party Nepal 57,910 votes, Nepal Workers and Peasants Party 42,457 votes and the Janamat Party 28,344 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the CPN (Unified Socialist) has secured 28,376 votes, Nagarik Unmukti Party 25,616 votes, and others have received 98,519 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the EC's preliminary estimate, voter turnout was 61 percent. </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"">Under the PR category, a party is required to get at least three percent of the total number of votes cast to get seats. It means that a single party should get over 320,000 votes to secure seats in parliament under the PR section. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-24', 'modified' => '2022-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '16110', 'image' => '20221124103901_EC.jpg', 'article_date' => '2022-11-24 10:37:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16368', 'article_category_id' => '1', 'title' => 'Analysts Believe Election will Revitalize the Economy', 'sub_title' => '', 'summary' => 'November 23: Analysts believe that the overall economy of the country will gain normalcy due to the election expenses.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">November 23: Analysts believe that the overall economy of the country will gain normalcy due to the election expenses. They expect that the money spent by the political parties and the government for the elections held on November 20 will flow to the market and the economy will revitalize.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the economists, the expenses incurred by political parties, poll candidates and the government for the elections will help the economy of the country as a whole. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Economist Keshav Acharya remarked that Rs 10 billion spent by the candidates will flow to the market, which will help in revitalizing the economy. He said that the candidates have spent extensively on vehicles, hotels and social media during the elections. Economist Acharya added that millions of rupees will return to the banking system and liquidity crisis will also ease.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Banking expert Analraj Bhattarai said that the expenses incurred in the election will help the country's economy to return to normalcy to some extent.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">However, he added that it is not capable of making big contribution to economic growth. He said that the expenses incurred by the government and the expenses incurred by the candidates of the political parties in the elections have is almost Rs 50 billion. He said that the expenses of the election will bring some relief to the liquidity crisis in the banks. Bhattarai said that now the banks will distribute cash dividends after the election expenses eases liquidity problem. He however estimates the liquidity problem will persist for a long time due to the demand of Rs 300 billion in the market, continuous recession in business and the reduction in revenue collection due to the government's ban on imports.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Bhattarai stated, “In 2017 elections, the growth rate of the economy increased due to the increase in expenses. At that time, the economic growth rate reached 8 percent. However, currently the global economy is unstable due to the Covid-19 pandemic and Ukraine-Russia War. Nepal as well is not an exception to their impacts.” He said that the economic growth rate of Nepal could be 5 percent in the current fiscal year. He remarked that the newly formed government will face challenges and will need to do a lot of work to improve the economy.</span></span></span></span></p> <p> </p> <p><br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16109', 'image' => '20221123080457_DB_Simkot-IMG20221123124943.jpg', 'article_date' => '2022-11-23 20:04:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16367', 'article_category_id' => '1', 'title' => 'Election Management has Improved in Nepal: Chairman Thowfeek ', 'sub_title' => '', 'summary' => 'November 23: Chairman of the Election Commission of the Maldives, Fuwad Thowfeek, has said that the election management and process have improved in Nepal compared to the past. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 23: Chairman of the Election Commission of the Maldives, Fuwad Thowfeek, has said that the election management and process have improved in Nepal compared to the past. The Maldives' Election Commission chief was in Nepal to observe the election to the members of the House of Representatives and provincial assemblies held on November 20. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Thowfeek made such remark on Wednesday before returning home. Stating that he had also visited Nepal in 2070 BS to observe the general election, he lauded the efforts of the employees and security persons deputed on election duty and the participation of voters. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Maldives' Election Commission Chief Thowfeek had observed the election at eight voting stations in Kathmandu, Lalitpur and Kavrepalanchok. He further said that he would share about the good practices of the election management and the process found in Nepal back in the Maldives. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“The voters in the developing countries seem not yet ready to adopt the electronic voting system,” he said and suggested that rather than collecting the ballot boxes at every Election Officer's office for counting the votes, it would be better if the vote counting was done at every polling station itself. He urged the Election Commission, Nepal to think on this line as well. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16108', 'image' => '20221123050626_20220805085711_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-23 17:05:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16366', 'article_category_id' => '1', 'title' => 'Global Slowdown to Hit Europe the Hardest: OECD', 'sub_title' => '', 'summary' => 'November 23: The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit hardest, the Organisation for Economic Cooperation and Development (OECD) said.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Agencies</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 23: The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit hardest, the Organisation for Economic Cooperation and Development (OECD) said.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to a news report published by Reuters on Tuesday, the OECD added that fighting inflation should be policymakers' top priority.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">National outlooks vary widely, although Britain's economy is set to lag major peers, the OECD said.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">It forecast that world economic growth would slow from 3.1 percent this year - slightly more than the OECD foresaw in its September projections - to 2.2 percent next year, before accelerating to 2.7 percent in 2024.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We are not predicting a recession, but we are certainly projecting a period of pronounced weakness,” Reuters quoted OECD head Mathias Cormann as saying during a news conference while presenting the organisation's latest Economic Outlook.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to Reuters, the OECD said that the global slowdown was hitting economies unevenly, with Europe bearing the brunt as Russia's war in Ukraine hits business activity and drives an energy price spike.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">It forecast that the 19-country euro zone economy would grow 3.3 percent this year then slow to 0.5 percent in 2023 before recovering to expand by 1.4 percent in 2024. That was slightly better than in the OECD's September outlook, when it estimated 3.1 percent growth this year and 0.3 percent in 2023.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Outside the euro zone, the British economy was seen shrinking 0.4 percent next year as it contends with rising interest rates, surging inflation and weak confidence. Previously the OECD had expected 0.2 percent growth.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The US economy was set to hold up better, with growth expected to slow from 1.8 percent this year to 0.5 percent in 2023 before rising to 1.0 percent in 2024. The OECD had previously expected growth of only 1.5 percent this year in the world's biggest economy and its estimate for 2023 was unchanged.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to Reuters, China, which is not an OECD member, was one of the few major economies expected to see growth pick up next year, after a wave of COVID lockdowns. Growth there was seen rising from 3.3 percent this year to 4.6 percent in 2023 and 4.1 percent in 2024, compared with previous forecasts of 3.2 percent in 2022 and 4.7 percent for 2023.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The forecast, however, does not take into account the latest curbs imposed by China to deal with the flare-ups in Covid cases.</span></span></p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16107', 'image' => '20221123022417_EU_economic_governance.jpg', 'article_date' => '2022-11-23 14:23:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16365', 'article_category_id' => '1', 'title' => 'Bank Deposits Up while Credit Flow Slumps', 'sub_title' => '', 'summary' => 'November 23: Commercial banks of Nepal have reported positive outcome in deposit collection to back the central bank’s claim that the economic indicators are improving in the country.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">November 23: Commercial banks of Nepal have reported positive outcome in deposit collection to back the central bank’s claim that the economic indicators are improving in the country.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The deposit collection of banks increased in a one month period between mid-October to mid-November due to increase in remittance inflow as well as economic activities during the election.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The deposit collection of 26 commercial banks in Nepal stood at Rs 16.19 billion in the review month, according to the figures released by Nepal Bankers Association.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">As per the data of the association, the total deposits of commercial banks which stood at Rs 4.547 trillion in mid-October has increased to Rs 4.563 trillion by mid-November.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The association informed that the deposits withdrawn by the banks’ customers during the festive season has started returning to the banking system from the first week of November.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">“The bank deposits were withdrawn in mid-October during the festive season. But they have started returning to the banking system,” said Kiran Kumar Shrestha, CEO of Rastriya Banijya Bank.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">He argued that the bank deposits will further rise because the money from the informal sector will pour into the market due to the election.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">Nepal Rastra Bank had recently published a report indicating improvement in economic indicators. According to the NRB, the Balance of Payments remained at a surplus in mid-October for the first time in 14 months. Likewise, remittance inflow also increased by 16 percent to Rs 281.5 billion in the first quarter of the current fiscal year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">Although the deposit collection of banks increased in the review period, credit flow has declined.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The total credit flow of banks in the review month stood at Rs 1.26 billion.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The loan portfolio of commercial banks has now reached Rs 4.222 trillion. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.0pt">The CD ratio of banks in the review month was 87.19 percent. Although the CD ratio is within the limit set by the central bank, the commercial banks are not able to increase credit flow due to high interest rates.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16106', 'image' => '20221123125400_Banks - Copy.jpg', 'article_date' => '2022-11-23 12:53:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16363', 'article_category_id' => '1', 'title' => 'Newly-Formed RSP Wins Four Seats in House of Representatives', 'sub_title' => 'RSP’s Sobita Gautam wins HoR seat in Kathmandu-2, Toshima Karki Triumphs in Lalitpur-3 ', 'summary' => 'November 23: Rastriya Swatantra Party’s candidate for House of Representatives (HoR) from Kathmandu Constituency-2, Sobita Gautam, has emerged victorious in the election with an overwhelming 15,229 votes.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 23: Rastriya Swatantra Party’s candidate for House of Representatives (HoR) from Kathmandu Constituency-2, Sobita Gautam, has emerged victorious in the election with an overwhelming 15,229 votes. </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"">According to Returning Officer Bimala Regmi, the vote counting in the constituency was completed on Wednesday morning. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gautam’s nearest rival Mani Ram Phuyal of CPN (UML) garnered 11,555 votes while Rastriya Prajatantra Party’s Kunti Devi Pokharel finished third with 11,014 votes. </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"">Meanwhile, CPN (Maoist Centre)’s Onsari Gharti obtained 9,449 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the total 52,956 votes cast in the constituency, 2,116 votes were invalid. </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"">With Gautam’s victory, the newly-formed RSP has now secured four seats in the House of Representatives.</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"">Dr Toshima Karki of the same party secured a seat in the lower house of parliament from Lalitpur Constituency-3 with a wide-margin victory over her nearest rival Amrit Khadka of CPN UML.</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 voting results published by the Election Commission on Wednesday morning shows that Dr Karki secured 14,208 votes against 8,223 of UML leader Khadka. Meanwhile, Maoist Center candidate and Energy Minister Pampha Bhusal finished a distant third with 5,453 votes.</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"">RSP also secured seats in the parliament from constituencies 7 and 8 of Kathmandu. (With inputs from RSS)</span></span></span></p> <p> </p> <p><br /> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16105', 'image' => '20221123114422_sobita.jpg', 'article_date' => '2022-11-23 11:43:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16364', 'article_category_id' => '1', 'title' => 'PM Deuba Wins HoR Seat from Dadeldhura ', 'sub_title' => '', 'summary' => 'November 23: Prime Minister and Nepali Congress President Sher Bahadur Deuba has emerged victorious in the election to the House of Representatives (HoR) from Dadeldhura district. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 23: Prime Minister and Nepali Congress President Sher Bahadur Deuba has emerged victorious in the election to the House of Representatives (HoR) from Dadeldhura district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This is the seventh straight victory of Deuba from his home district Dadeldhura. Deuba has been the MP from Dadeldhura since 2048 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 51,203 votes cast, Deuba won the election by securing 25,534 votes, Chief Returning Officer Bal Krishna Wagle said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deuba’s closest rival Sagar Dhakal, and independent candidate, garnered 13,042 votes while NC (BP)’s Karna Bahadur Malla secured 7,535 votes, the Office of the Chief Returning Officer said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Born at Ruwakhola of Asigram in Dadeldhura district in 2003 BS, Deuba joined politics since 2017 BS and served as the first elected chief of Nepal Student’s Union. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16104', 'image' => '20221123114959_Deuba.jpg', 'article_date' => '2022-11-23 11:49:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16362', 'article_category_id' => '1', 'title' => 'Nepali Congress Ahead in HoR, State Assembly Elections', 'sub_title' => '', 'summary' => 'November 23: Nepali Congress is taking the lead in the first-past-the-post electoral system under the elections to the House of Representatives (HoR) and provincial assemblies held on Sunday, November 20. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">November 23: Nepali Congress is taking the lead in the first-past-the-post electoral system under the elections to the House of Representatives (HoR) and provincial assemblies held on Sunday, November 20.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">According to the results published by the Election Commission on its website, the NC has won 14 seats of lower house as of Wednesday afternoon. Similarly, the NC is ahead in vote count in 43 HoR constituencies.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Meanwhile, the main opposition party CPN-UML has won five HoR seats and is ahead in the vote count in 39 constituencies. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Similarly, the CPN (Maoist Centre), which had forged an electoral alliance with the NC, has won three seats and is leading in 14 constituencies while the CPN (Unified Socialist) has won one seat in lower house and is ahead in eight constituencies. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">Likewise, the newly-formed Rastriya Swatantra Party has won four seats in HoR and is ahead in vote count in five constituencies while the Rastriya Prajatantra Party has also won one lower house seat and is leading the tally in four constituencies followed by Janamat Party (5), and Loktantrik Samajbadi Party (2). Nagarik Unmukti Party has secured one seat in parliament and is leading the vote count in three constituencies.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The NC is also leading vote count in provincial assemblies’ election and has already won 16 seats. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">CPN-UML is second with five wins and is ahead in 60 constituencies while the Maoist Centre has also won five provincial assembly seats and is leading in 33 constituencies by the time this news report was prepared.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16103', 'image' => '20221123111319_ROS_KTM-0178.jpg', 'article_date' => '2022-11-23 11:12:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16361', 'article_category_id' => '1', 'title' => 'CPN-UML Leads Vote Count under PR System ', 'sub_title' => '', 'summary' => 'November 23: The CPN-UML is leading the vote count under the proportional representation (PR) system as of 11:30 pm on Tuesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 23: The CPN-UML is leading the vote count under the proportional representation (PR) system as of 11:30 pm on Tuesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Election Commission (EC), the UML has secured 159,050 votes while the Nepali Congress, which is in the second position, has managed 138,446 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rastriya Swatantra Party (RSP) is third with 70,795 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, CPN (Maoist Centre) has obtained 66,911 votes and Rastriya Prajatantra Party (RPP) garnered 37,335 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The EC informed that Janamat Party has secured 12,626 votes and Janata Samajwadi Party has bagged 12,138 votes under the PR system. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Nepal Workers and Peasants Party has managed 8,621 votes, CPN (Unified Socialist) has 8,561 votes, Nagarik Unmukti Party holds 7,830 votes and other parties have managed 32,319 votes. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-23', 'modified' => '2022-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '16102', 'image' => '20221123103320_KN_Damauli-image_6483441.jpg', 'article_date' => '2022-11-23 10:32:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16360', 'article_category_id' => '1', 'title' => 'Voters Looking for a Political Change', 'sub_title' => '', 'summary' => 'November 22: The results of the November 20 elections to the members of the House of Representatives and provincial assemblies have started to arrive.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Rudra Khadka</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"">November 22: The results of the November 20 elections to the members of the House of Representatives and provincial assemblies have started to arrive.</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 preliminary results seem to be as expected. The ruling Nepali Congress and the main opposition CPN-UML are at the forefront. These parties are likely to be the first and second largest parties in the new parliament. Despite this, voters from all over the country have given a clear message that they are looking for a change.</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 popularity of the Rastriya Swatantra Party (RSP) led by former journalist Ravi Lamichhane, despite being established only a few months before the election, getting respectable votes is a clear indication that the voters are in favour of change.</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"">While there are complaints that the political parties that have been holding the reins of power since 1990 have not been able to work according to the people's aspirations and only a limited number of people are currently in power, the RSP has expressed its commitment that one person will not hold any position for more than two terms. The party has also made it clear that the relatives of the party leaders will not be appointed to positions of benefit. The RSP has advocated for good governance and pledged to fight against corruption. This has attracted the voters to the new party.</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"">It seems that the new parties also have benefited from a six per cent decline in votes compared to the 2017 general elections. The general trand of major political parties presenting attractive plans in their manifesto but their failure to implement such plans in practice also helped the RSP this time. Many disappointed voters of the old political parties did not vote this time. As a result, participation in voting decreased.</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"">In Nepal, there has been a change in political consciousness among the common people. If the people had not wanted change, the 104-year-long Rana regime would not have ended. Even the panchayat rulers who had been in power for 30 years would not have been forced to kneel had the public not wanted change.</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"">Change is inevitable not only in Nepal but also all over the world. The difference is - in countries where democracy is practised well, leadership changes rather than political parties/systems. Political analysts say that people may look for alternatives to big political parties because they have hardly changed their leadership.</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 election results will likely come as a warning sign to the big political parties and their leaders that they need to improve. If the parties change the way they work, they might establish themselves for the next few years. If the parties and their leaders don't take this as a warning, it is clear that their future in politics is doomed. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16101', 'image' => '20221122041334_KB_KTM_E3A0922copy.jpg', 'article_date' => '2022-11-22 16:12:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16358', 'article_category_id' => '1', 'title' => 'What do Investors Predict about the Capital Market after Election?', 'sub_title' => '', 'summary' => 'November 22: Investors are eagerly awaiting for the impact of election on the capital market.', 'content' => '<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"">November 22: Investors are eagerly awaiting for the impact of election on the capital market. Some investors are expecting golden days in the secondary market after the election. The November 20 polls were suspended only in a few places while the election concluded peacefully in most of the constituencies.</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"">The investors are expecting a new government and a new dimension in investment after the election. Some investors who had been voicing for reforms in the share market joined the fray in election this time. Stakeholders believed that the share market will gain a lot if those advocating for the reforms of this sector get elected to the post of MPs.</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"">The secondary market of Nepal with more than 5.4 million investors has been fluctuating since more the past one year. The Nepal Stock Exchange (NEPSE) index, which climbed to a record high of 3,200 points, has once again dropped to less than 2,000 points.</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"">Investors believe that the election will have a positive impact on the share market.</span></span></span></span></p> <p><strong><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"">Radha Pokharel</span></span></span></span></strong></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"">Chairperson, Nepal Stock Market Investors Association</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"">The share market has always flourished during the election year. The liquidity crisis in the banking system gets eased during the election. This will have a positive impact on the share market. This time our colleagues have also contested the election. We firmly believe that the problems of the share market will be resolved if they win the election and become MPs. Although there are laws to govern the share market, it is important to implement them. I firmly believe that the new government will work towards enhancing the share market.</span></span></span></span></p> <p><strong><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"">Chotelal Rauniyar</span></span></span></span></strong></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"">Former Chairman, Nepal Investors Forum</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"">The share market has received positive indications ahead of the election. Remittance inflow has increased and is in an increasing trend. This is also a good sign for the economy and the capital market. </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"">The liquidity crisis is also improving of late and the interest rate is also declining. The NEPSE index has fallen from 3,200 points to 1,900 points. The share value of most of the companies has fallen. If anyone invests in share at this moment, there is 20 percent risk and 80 percent return.</span></span></span></span></p> <p><strong><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"">Ambika Prasad Poudel</span></span></span></span></strong></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"">Chairman, Capital Market Forum of FNCCI</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"">The number of stock brokers is increasing and a new stock exchange company is in the offing. The process of book building is also moving forward. The stock market index is also rising slowly. Remittance inflow graph is also increasing. The Balance of Payments is also positive. The foreign exchange reserves are also improving and the CD ratio is also getting better. The arrival of tourists is also improving with the decline in coronavirus cases. The capital expenditure is expected to be better after the election. All these positive indications show that the share market will become better in the coming days. However, the capital market depends on psychological factors. If the investors are positive, then the share market will head towards the right direction.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16100', 'image' => '20221122020823_1669095018.jpg', 'article_date' => '2022-11-22 14:07:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16359', 'article_category_id' => '1', 'title' => 'Asian Shares Down as Covid-19 Cases Flare-up in China', 'sub_title' => 'Investors Fear China may Resume Strict COVID Curbs', 'summary' => 'November 22: Asian shares were on the defensive on Tuesday as a COVID-19 resurgence in China increased concerns that Beijing may reimpose strict pandemic curbs. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">November 22: Asian shares were on the defensive on Tuesday as a COVID-19 resurgence in China increased concerns that Beijing may reimpose strict pandemic curbs. According to Reuters, further restrictions could cause supply chain disruptions.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The dollar pulled back from strong overnight gains on Tuesday while oil took a pause from Monday's retreat, added the news agency.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“The broader Asia-Pacific index ex-Japan lost 0.25 percent in early trade, while China’s benchmark dipped 0.13 percent. Hong Kong's benchmark index fell 1.31 percent. Japan's benchmark Nikkei average opened up 0.78 percent, while Australian shares rose 0.55 percent,” Reuters reported.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the news agency, Beijing warned on Monday that it was facing its most severe test of the pandemic, fuelling investor concerns that China may be forced to resume strict mobility curbs and give stay and home orders across cities.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The controversial strategy - which aims to eradicate outbreaks - has seen millions locked down and citizens who have tested positive for the virus forcibly quarantined, BBC reported, adding, “Three deaths have been reported in the Chinese capital since Saturday, bringing the country's official death toll to 5,229. The latest fatalities have plunged parts of the city home to more than 21 million back into lockdown.”</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Meanwhile, Reuters reported that the US dollar pared some of its strong overnight gains on Tuesday after investors flocked to the safe-haven currency on nerves over China's COVID flare ups.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“Oil prices rose slightly in early Asian trade, a day after Saudi Arabia denied a media report that it was discussing an increase in oil supply with OPEC and its allies. US crude rose 0.27 percent to $80.26 per barrel on Tuesday and Brent was at $87.79, up 0.19 percent. Spot gold traded at $1,738.39 an ounce,” Reuters added.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16099', 'image' => '20221122020923_0x0.jpg', 'article_date' => '2022-11-22 14:08:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16357', 'article_category_id' => '1', 'title' => 'Tourists Carrying Indian Currency Face Hassles at Border Checkpoints', 'sub_title' => '', 'summary' => 'November 22: Tourists coming from India have been facing problems at border checkpoints due to the ban on Indian currency of 500 and 2000 denominations.', 'content' => '<p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">November 22: Tourists coming from India have been facing problems at border checkpoints due to the ban on Indian currency of 500 and 2000 denominations. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">The local entrepreneurs say that if the Indian tourists visiting Nepal are found carrying these currency notes, the security personnel deployed at the border points confiscate the notes and even imprison them.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">According to the Nepal Rastra Bank, only IRs 100 is in circulation in Nepal. Officials of NRB clarified that such a rule is imposed while considering the risk of unauthorized transactions of Indian Currency (IC).</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">When carrying low IC notes of low denomination, one has to carry large quantities of such notes even for small transactions, which is difficult and impractical. Some of the tourists carry IRs 500 and IRs 2000 notes due to lack of information and get into trouble. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Hari Pant, president of Hotel and Tourism Entrepreneurs Association, said that the Indian tourists hesitate to come to Nepal due to such hassles.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Pant complains that the issue of big notes is affecting the tourism and hotel business of the Terai region. The business of this area is dependent on Indian tourists. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">“When the tourists from India started getting into trouble because of the cash they had with them, it has started affecting our business,” he said.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Indian citizens do not know that Indian notes above 100 rupee denomination are banned in Nepal. Sanjay Agarwal, co-ordinator of the Madhesh Province Tour and Travel and Tourism Committee of the Federation of Nepalese Chamber of Commerce and Industry says that tourists suffer at the border because of the money they bring with them to spend.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Ashok Kumar Baidya, chairman of Nepal-India Cooperation Forum, suggested that the government should facilitate Indian tourists in the border points even if it means they have to establishment a help room for the Indian tourists. He suggested that the Indian should be allowed to carry currencies of 500 and 2000 denominations on a self-declaration basis. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">“If they are not allowed bring the notes, there should be a simple arrangement to facilitate the Indian tourists at the border. They should not be prosecuted and sent to prison, but rather need cooperation.”</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Entrepreneurs say that there is no reason to impose a ban on the higher denominations of Indian currency in Nepal and cause suffering to the tourists on the pretext of banning these currency notes. Tourism entrepreneurs argue that the government must either ban the Indian currency in Nepal completely or lift the ban altogether because there is no point in allowing circulation of IRs 100 notes and banning the circulation of IRs 500 and IRs 2000 notes. This has only become a cause of confusion and problems for tourists coming to Nepal, they say.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16098', 'image' => '20221122013715_1669098225.भारू बोकेर आउने पर्यटकलाई सिमानामा सास्ती.jpg', 'article_date' => '2022-11-22 13:36:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16356', 'article_category_id' => '1', 'title' => 'Less than 800 People get Jobs under PM Employment Programme', 'sub_title' => '', 'summary' => 'November 22: The Prime Minister's Employment Program launched by the previous government under the leadership of KP Sharma Oli has not been implemented properly even in the current fiscal year.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 22: The Prime Minister's Employment Program launched by the previous government under the leadership of KP Sharma Oli has not been implemented properly even in the current fiscal year. It has been five months since the new fiscal year started but many of the people listed in the programme are still unemployed. Even the allocated budget is barely being spent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Around 841,500 people have applied for jobs under the PM's Employment Programme this year including 387,000 male and more than 453,000 female applicants. The PM's Employment Programme Secretariat, which is under the Ministry of Labour, Employment and Social Security informed that only 712 of them are employed and received the minimum wage.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">They have been given the minimum wage at the rate of Rs 614 per day on an average. According to the secretariat, it is not possible to provide employment to 800,000 people this year. Also, not all the applicants are eligible for employment. Therefore, the government aims to provide employment to 200,000 people this year through the budget. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Lok Nath Bhusal, under-secretary of the PMEP secretariat, informed that the plan to provide employment is being carried out accordingly.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“Not all the applicants are eligible for employment. Around 200,000 applicants will be employed after selecting the eligible candidates from among the applicants. If the government arranges more budget, more people can be employed,” said Bhusal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The government has allocated a budget of Rs 7.13 billion for the PM's Employment Programme this year. In the last five months, only Rs 99.4 million has been spent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bhusal says that this ambitious programme is not implemented properly this year due to the elections. He stated, “Because everyone's attention is on the election, the implementation of the programme has not been able to accelerate, it will gain momentum after the election.”</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Last year, the government had allocated a budget of Rs 12 billion for this programme, but for the current fiscal year, Finance Minister Janardan Sharma allocated only Rs 7 billion. Even though the government is under intense pressure to amend the programme and make it production-oriented, it seems that implementation part is getting worse.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The World Bank has provide a concessional loan of Rs 14 billion in the name of 'Yeti Project' in order to implement this programme. This year, more than Rs 18 million of the said loan is being spent. Even though donor agencies have supported the programme, questions are being raised because it is not effective.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16097', 'image' => '20221122011616_PMEP.jpeg', 'article_date' => '2022-11-22 13:15:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16355', 'article_category_id' => '1', 'title' => 'Over 1,400 Climbers Acquire Permits to Climb Mountain Peaks during Autumn Season', 'sub_title' => '', 'summary' => 'November 22: The Government of Nepal has granted permission for climbers from 76 countries to scale mountain peaks during the autumn season this year, which is considered ideal climbing period after the spring season.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 22: The Government of Nepal has granted permission for climbers from 76 countries to scale mountain peaks during the autumn season this year, which is considered an ideal climbing period after the spring season. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the Department of Tourism, the government body responsible for issuing climbing permits, a total of 1,435 foreigners have been granted permission to climb 48 different peaks during the autumn climbing window. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During this autumn, a few climbers are interested in climbing Mt Everest, the world’s highest peak, which fetches good royalties. Most of the climbers prefer to scale Everest during the spring window and opt for Mt Manaslu (8,161 meters) during the autumn season.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the latest data of the department, altogether 404 climbers of 38 expedition groups have been issued permits to climb Mt Manaslu this season.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">A total of 330 female climbers have received permission to climb mountains during this period. The department has collected royalties worth Rs 93 million from climbing permits. Royalties from Manaslu alone is worth Rs 46.2 million while the department has collected royalties worth Rs 3.5 million from 5 climbers attempting to climb Everest. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Even climbers from two warring countries, Russia and Ukraine, have also arrived here to climb mountain peaks this year. According to the department, almost half a million tourists have arrived in Nepal in the first ten months of 2022 after a decline in Covid-19 cases in Nepal. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Most of the climbers are from the UK (144) followed by the USA (132) and France (129). </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Others are from Germany, Spain, India, Japan, Italy, Australia, Norway, Poland, Slovenia, Iran among others.</span></span></p> <p> </p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-11-22', 'modified' => '2022-11-22', 'keywords' => '', 'description' => '', 'sortorder' => '16096', 'image' => '20221122121433_SantoshGautam_Myagdi_RSS_02_Churenhimaltreak(2).jpg', 'article_date' => '2022-11-22 12:13:48', '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
