IIN to promote FDI, Equitable Economic Growth of Nepal

Nov 15, 2022 0 2 minutes 31 seconds to read

November 15: The Invest for Impact Nepal (IIN) platform is scaling up its programme to promote investment and equitable economic growth to contribute to social and environmental impact in…

Buddha Air to Operate Flights to India from PRIA

Nov 15, 2022 0 1 minutes 34 seconds to read

November 15: Buddha Air, one of the leading private airline company of Nepal, has announced to conduct three flights to India from the Pokhara Regional International Airport…

Consumption of Petroleum Products Falls

Nov 14, 2022 0 1 minutes 23 seconds to read

November 14: The consumption of petroleum products in the domestic market of Nepal has gone down lately.…

Value of Nepalese Currency Rises after US Removes India from its ‘Currency Watchlist’

Nov 14, 2022 0 2 minutes 50 seconds to read

November 14: The value of Nepalese currency has strengthened along with the Indian rupee after the US Department of Treasury removed the Indian Currency from its ‘Currency Watchlist’.…

Price of Cooking Oil Rises Again

Nov 14, 2022 0 3 minutes 31 seconds to read

November 14: The price of edible oil, which was rising continuously since the Russia-Ukraine tension, had declined during the start of the Dashain and Tihar…

Permanent Account Numbers Issued to More than 5 Million People

Nov 14, 2022 0 2 minutes 2 seconds to read

November 14: More than 5 million people have acquired Permanent Account Number (PAN) in Nepal so…

The Bamboo Series Focuses on Building Resilient Businesses

Nov 14, 2022 0 1 minutes 38 seconds to read

November 14: The Change Initiative by Net Consortium has kicked off with the objective to address the challenges faced by businessmen and entrepreneurs during and after…

Price of Gold Drops Slightly

Nov 14, 2022 0 1 minutes 3 seconds to read

November 14: The price of gold has dropped by Rs 100 per tola (11. 66 grams approx) on Monday as compared to the previous trading…

Four Days Left for Election Campaigning

Nov 14, 2022 0 56 seconds to read

November 14: Only four days remain for the political parties and candidates to carry out election campaigns for the upcoming polls to the House of Representatives and Provincial Assembly taking place on November…

Possibility of Light Rain and Snowfall

Nov 13, 2022 0 2 minutes 5 seconds to read

November 13: There is likelihood of light rain and snowfall in the next two to three days due to the influence of the Westerly wind, the Meteorological Forecasting Division under the Department of Hydrology and Meteorology…

Election Activities up as November 20 Voting Just Around the Corner

Nov 13, 2022 0 3 minutes 17 seconds to read

November 13: Election activities have intensified across the country as the November 20 voting to the House of Representatives and the Province Assembly is fast…

‘Don't Allow Big Projects to Import Construction Materials that are Produced within Nepal’

Nov 13, 2022 0 3 minutes 4 seconds to read

November 13: Stakeholders have complained that the domestic industries of Nepal have been affected due to the customs exemption given to big projects with foreign investment for the import of construction…

Banks Start Returning the Money Charged to Customers Illegally

Nov 13, 2022 0 4 minutes 16 seconds to read

November 13: Amid pressure from industrialists against the excessive hike in interest rates and service charges by banks and financial institutions, Nepal Rastra Bank has instructed the BFIs to return the renewal fee and premium collected from the debtors against the…

No Permits Required for Essential Service Vehicles on Voting Day

Nov 13, 2022 0 1 minutes 59 seconds to read

November 13: The Election Commission (EC) has said that vehicle passes would not be required for the vehicles used for essential services on the voting…

Fresh Quake Rattles Sudurpaschim Province

Nov 13, 2022 0 2 minutes 4 seconds to read

November 13: An earthquake measuring 5.4 in the Richter scale rocked Sudurpaschim Province at 8:12 last evening (November 12)…

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No Laughing Matter

The Sweet Rewards of Power

By Madan Lamsal

. . .
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NEPSE

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			'id' => '16309',
			'article_category_id' => '1',
			'title' => 'IIN to promote FDI, Equitable Economic Growth of Nepal   ',
			'sub_title' => '',
			'summary' => 'November 15: The Invest for Impact Nepal (IIN) platform is scaling up its programme to promote investment and equitable economic growth to contribute to social and environmental impact in Nepal.    ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 15: The Invest for Impact Nepal (IIN) platform is scaling up its programme to promote investment and equitable economic growth to contribute to social and environmental impact in Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The scale-up programme will run from November 2022 to August 2025 and builds on initial discovery phase activities such as assessing specific challenges and opportunities for foreign direct investments (FDI) in Nepal, IIN said in a press statement.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&ldquo;The discovery phase also looked into investment opportunities through financial institutions (FIs), Private Equity and Venture Capital (PEVC) funds, and Financial Technology firms,&rdquo; it said.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This group comprising of DFIs and development partners, will complement existing efforts to attract more investments and advance the development of the country by channelling efforts to unlock the possibilities of patient investing, flexible capital to support private sector growth and innovation. The objective is to help solve the biggest development challenges in Nepal, read the statement.&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The IIN&rsquo;s scale-up programme is to accelerate growth, create jobs, and develop a more sustainable economy in Nepal and this will be achieved by enabling FIs and PEVC funds to access resources from DFIs.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">To support the small and medium-sized enterprises, the IIN will enable key investment ecosystem stakeholders including DFIs, DPs, FIs, PEVC Funds, private sector and regulators to participate in market information gathering and others including access to foreign direct investment.&nbsp;&nbsp; &nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Welcoming this partnership, Swiss Ambassador to Nepal Elisabeth von Capeller ensuring that environmental, social, and governance factors are integrated into financial products and transactions remains our core focus.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise Head of Asia at BII Srini Nagarajan said this platform&rsquo;s focus on those intermediaries resonates well with BII&rsquo;s own strategy in emerging markets to deploy patient and flexible capital to boost productive, inclusive and sustainable growth in Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The IIN platform is promoted by Development Finance Institutions (DFIs) of the UK- British International Investment (BII), the Netherlands - Dutch Entrepreneurial Development Bank (FMO) and Nepal&rsquo;s development partner- the Swiss Agency for Development and Cooperation (SDC). -- RSS&nbsp;&nbsp; </span></span></span></p>
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			'title' => 'Buddha Air to Operate Flights to India from PRIA   ',
			'sub_title' => '',
			'summary' => 'November 15: Buddha Air, one of the leading private airline company of Nepal, has announced to conduct three flights to India from the Pokhara Regional International Airport (PRIA).    ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 15:&nbsp;</span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Buddha Air, one of the leading private carriers of Nepal, is planning to start flights to three destinations in India from Pokhara Regional International Airport. The airlines will operate flight to Benares, Delhi and Dehradun. Pokhara Regional International Airport will come into operation from January in 2023, according to the Civil Aviation Authority of Nepal. </span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&ldquo;Buddha Air will operate the first flight along the Pokhara-Benares-Pokhara route as soon as the airport comes into operation,&rdquo; said an official of Buddha Air. The flight from Pokhara-Benares to Pokhara will be held three times a week on Sundays, Tuesdays and Thursdays.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The Government of Nepal is holding talks with the Indian government for an air traffic route and Buddha Air is preparing for two flights a day to Delhi from Pokhara once the Indian government gives permission for air route and slot, according to Buddha Air. </span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">At present, Buddha Air is operating flights to Beneras from Tribhuvan International Airport. </span></span></span></span></p>
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			'id' => '16307',
			'article_category_id' => '1',
			'title' => 'Consumption of Petroleum Products Falls   ',
			'sub_title' => '',
			'summary' => 'November 14: The consumption of petroleum products in the domestic market of Nepal has gone down lately. ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 14: The consumption of petroleum products in the domestic market of Nepal has gone down lately. According to the Nepal Oil Corporation (NOC), the consumption of petroleum products has significantly decreased in the current fiscal year (FY 2022/23) as compared to the previous year.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Data of the NOC shows that 44,513 kiloliters of petrol and 78426 kiloliters of diesel were consumed between mid-October to mid-November this year compared to 63,315 kiloliters of petrol and 135,812 kiloliters of diesel consumed during the correspondent period of the last fiscal year.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In past, the supply of petroleum products used to increase during festivals and elections, but this time the situation is different, NOC Spokesperson Binitmani Upadhyay said.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Liquidity crunch, unfavorable season for development works, the skyrocketing prices of petroleum products and higher prices in the domestic market compared to the Indian market are among the factors for the decline in fuel consumption.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Higher price of petroleum products in the domestic market may encourage people to fill up their vehicles in Indian cities taking an advantage of the open border between Nepal and India, it has been observed. -- RSS&nbsp;&nbsp; </span></span></span></p>
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			'id' => '16306',
			'article_category_id' => '1',
			'title' => 'Value of Nepalese Currency Rises after US Removes India from its ‘Currency Watchlist’',
			'sub_title' => '',
			'summary' => 'November 14: The value of Nepalese currency has strengthened along with the Indian rupee after the US Department of Treasury removed the Indian Currency from its ‘Currency Watchlist’. ',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">November 14: The value of Nepalese currency has strengthened along with the Indian rupee after the US Department of Treasury removed the Indian Currency from its &lsquo;Currency Watchlist&rsquo;. Analysts say that this trend will continue.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">There is a fixed exchange rate between the Indian and Nepalese currencies. The value of the US dollar in Nepal is determined based on the value of the Indian currency. For this reason, the Nepalese rupee is weak when the INR is weak and vice versa. The exchange rate of the USD in the Nepalese market has dropped from Rs 133 to Rs 129 per dollar after India was removed from the watchlist.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The Indian rupee has strengthened by 2 per cent against the US dollar over the past week. On Friday, the value of Indian currency rose by 1.23 per cent in a single day due to the prospect of the Federal Reserve, the central bank of the US, increasing the interest rate a little more than expected. As of Friday, one dollar was equivalent to INR 80.81. The effect of the removal of INR from the watchlist is yet to be seen as trading in the international currency market is closed on Saturday and Sunday.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Nepal Rastra Bank had fixed the exchange rate for USD 1 at Rs 131.2 on Friday and at Rs 129. 58 for Saturday and Sunday.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Economist Nar Bahadur Thapa said that the removal of the Indian currency from the US currency watchlist has strengthened the Indian currency, and its impact has been felt on the Nepali currency. A weak USD has a positive effect on Nepal&#39;s trade deficit and inflation. The consumers who are facing price hike due to the recent increase in the value of the US dollar will get some relief.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Thapa said that there will be a loss in income form remittance though. As remittances are calculated based on the value of US dollars, more money is received when the dollar is expensive and less money is received when the dollar is cheap.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">After two years, the US has removed India from the list of countries that manipulate the currency market. The US has also removed Italy, Mexico, Thailand and Vietnam from the list. The United States keeps its trade partners in this list based on the practices of any country in the currency market and the overall monetary policy.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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		'Article' => array(
			'id' => '16305',
			'article_category_id' => '1',
			'title' => 'Price of Cooking Oil Rises Again',
			'sub_title' => '',
			'summary' => 'November 14: The price of edible oil, which was rising continuously since the Russia-Ukraine tension, had declined during the start of the Dashain and Tihar festivals.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">November 14: The price of edible oil, which was rising continuously since the Russia-Ukraine tension, had declined during the start of the Dashain and Tihar festivals.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">It has once again started to rise after festive season. The price of cooking oil has increased by as much as Rs 50 per litre since Tihar.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">According to the Retail Trade Association, the retail price of cooking oil of every brand has increased by Rs 20 to Rs 50 per litre since Tihar. The price of soybean oil, which was &nbsp;Rs 240 per litre during Dashain, has now reached Rs 280. Likewise, the price of mustard oil has now reached Rs 340 from Rs 320 per litre. Similarly, the price of sunflower has climbed to Rs 300 from Rs 250.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Industrialists say that the price of oil may increase for some time. Subodh Kumar Gupta, president of Nepal Pulses, Rice and Oil Association, said that there is no possibility of an immediate price reduction or stabilization as there is no improvement in the international market.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">He said that there are indications that the price may increase further due to the inability to produce raw materials for a long time due to the Russia-Ukraine tension. According to him, the price of oil in the world market is likely to be affected for the next two years due to the war.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Small and retail traders are not ready to accept the argument of the industrialists and wholesalers over the rise in oil prices. They allege that the industrialists have arbitrarily increased the price of oil due to the upcoming elections.&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Amulkaji Tuladhar, general secretary of the Retail Trade Union, said that as big industrialists and businessmen donate large amount of money to the party leaders during elections, it has affected food prices</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&ldquo;If the problem was due to lack of raw materials and increase in value of dollar, how can the prices that dropped before Dashain rise in such a short span?&rdquo; questioned Tuladhar.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&ldquo;Wasn&rsquo;t there scarcity of raw materials before Dashain? Another issue is that there is no need to increase the price of oil sharply when the value of dollar has increased by only a few rupees,&rdquo; added Tuladhara.</span></span></p>

<p>&nbsp;</p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

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<p>&nbsp;</p>
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			'id' => '16304',
			'article_category_id' => '1',
			'title' => 'Permanent Account Numbers Issued to More than 5 Million People',
			'sub_title' => '',
			'summary' => 'November 14: More than 5 million people have acquired Permanent Account Number (PAN) in Nepal so far.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">November 14: More than 5 million people have acquired Permanent Account Number (PAN) in Nepal so far. According to the latest data published by the Ministry of Finance, almost 200,000 people have come under the purview of tax in the last three months. Among them, most of the people have acquired personal PAN cards.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the ministry, a total of 198,087 individuals acquired PAN cards in the first quarter of the current fiscal year (mid-July to mid-October). Among them, 148,773 individuals have acquired personal PAN cards. During this period, 46,001 commercial/business PAN cards were issued by the Inland Revenue Department.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Similarly, 7207 new taxpayers in Value Added Tax category and 4717 new taxpayers in excise duty section have been added in the review period.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the Finance Minister, the total number of people registered under personal PAN category has reached 3,199,077. Likewise, 1,808,414 individuals have acquired business PAN cards so far in the country. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The Inland Revenue Department has made it mandatory for foreign nationals to submit details of PAN cards and tax clearance certificate in order to renew their work permit or visa. It is also mandatory to submit the details of PAN cards for any individual who wants to purchase a four-wheeler. The department has already implemented the arrangement to issue PAN cards to individuals along with the citizenship certificates and national ID cards. The new provisions intend to increase the number of taxpayers.</span></span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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	(int) 6 => array(
		'Article' => array(
			'id' => '16303',
			'article_category_id' => '1',
			'title' => 'The Bamboo Series Focuses on Building Resilient Businesses',
			'sub_title' => '',
			'summary' => 'November 14: The Change Initiative by Net Consortium has kicked off with the objective to address the challenges faced by businessmen and entrepreneurs during and after disasters.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">November 14: The Change Initiative by Net Consortium has kicked off with the objective to address the challenges faced by businessmen and entrepreneurs during and after disasters. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">Three organizations - National Disaster Risk Reduction Center (NDRC), EMERGE, and Tangent Waves have come together to build resilient and inclusive businesses under this initiative.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">As part of the programme, an online discussion entitled The Bamboo Series was held on November 10.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">According to the organisers, the event was held to discuss, debate, and deliver solutions to build resilient and inclusive businesses.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">&ldquo;The Bamboo Series hopes to mainstream the Disaster Risk Reduction Management (DRRM) conversation about the private sector, which is usually ignored when policies and actions are made,&rdquo; reads a statement&nbsp; issued by the organisers.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">Participants of the event&nbsp; agreed to collaborate with each other to take this discussion forward. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">The next event in the series will be held on November 22 on the topic &lsquo;Are businesses prepared for disasters?&rsquo;</span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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			'image' => '20221114124855_bamboo series.jpg',
			'article_date' => '2022-11-14 12:48:11',
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	(int) 7 => array(
		'Article' => array(
			'id' => '16302',
			'article_category_id' => '1',
			'title' => 'Price of Gold Drops Slightly',
			'sub_title' => 'The Precious Yellow Metal Being Traded at Rs 97,200 per Tola Today',
			'summary' => 'November 14: The price of gold has dropped by Rs 100 per tola (11. 66 grams approx) on Monday as compared to the previous trading day.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 14: The price of gold has dropped by Rs 100 per tola (11. 66 grams approx) on Monday as compared to the previous trading day.&nbsp;</span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the Federation of Nepal Gold and Silver Dealers Association, fine gold is being traded at Rs 97,200 per tola today (November 14).&nbsp; &nbsp;&nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, the price of worked gold has also decreased by Rs 100 per tola to Rs 96,700 from Rs 96,800 per tola the previous trading day.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, the price of silver has been fixed at Rs 1,295 per tola, a decrease of Rs 5 per tola compared to the previous trading day.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><br />
<span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">&nbsp; </span></span></p>
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			'article_date' => '2022-11-14 12:11:15',
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	(int) 8 => array(
		'Article' => array(
			'id' => '16301',
			'article_category_id' => '1',
			'title' => 'Four Days Left for Election Campaigning   ',
			'sub_title' => '',
			'summary' => 'November 14: Only four days remain for the political parties and candidates to carry out election campaigns for the upcoming polls to the House of Representatives and Provincial Assembly taking place on November 20.   ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 14: Only four days remain for the political parties and candidates to carry out election campaigns for the upcoming polls to the House of Representatives and Provincial Assembly taking place on November 20.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Section 13 of the Election Code of Conduct has determined November 3 to 17 as the dates for running the election campaign, rallies, mass assembly, corner assembly, meeting, gathering by political parties, candidates, the parties&#39; sister organisations and related people.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The so-called election silence period starts from November 17 midnight and election campaigning is barred thereafter.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The Election Commission has stated that action will be taken against the candidates who violate the Election Code of Conduct. -- RSS&nbsp;&nbsp; </span></span></span></p>
',
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			'created' => '2022-11-14',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '16042',
			'image' => '20221114111657_EC.jpg',
			'article_date' => '2022-11-14 11:16:24',
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	(int) 9 => array(
		'Article' => array(
			'id' => '16300',
			'article_category_id' => '1',
			'title' => 'Possibility of Light Rain and Snowfall   ',
			'sub_title' => '',
			'summary' => 'November 13: There is likelihood of light rain and snowfall in the next two to three days due to the influence of the Westerly wind, the Meteorological Forecasting Division under the Department of Hydrology and Meteorology said.    ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 13: There is likelihood of light rain and snowfall in the next two to three days due to the influence of the Westerly wind, the Meteorological Forecasting Division under the Department of Hydrology and Meteorology said.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Meteorologist at the division, Heera Bhattarai, said that light rain and snowfall is likely to occur today (Sunday), Monday and Tuesday due to the impact of the Westerly wind. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&quot;Cold will increase as mercury will dip due to snowfall and this might have general impact on life,&quot; said Bhattarai, adding that the weather will be affected somewhat from this evening and more impact would be felt in the western parts of the country.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The likelihood of rain and snowfall is more in Sudurpaschim and Karnali provinces, according to the division. Similarly, light rain will take place in Province 1, Gandaki Province, Sudurpaschim Province and Karnali Province with chances of light snowfall in the high mountain region of these provinces.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The weather bulletin published by the division states that there is possibility of light rain at one or two places of the hill region of Province 1 today. Light snowfall is likely in some places of the mountainous region of Province 1 and Gandaki Province.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, there is possibility of light snowfall at one or two places of the mountainous region of Gandaki Province, Karnali Province and Sudurpascbhhim Province tonight.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">There are chances of light rainfall at one or two places of the hill areas of Province 1, Gandaki Province, Karnali Province and Sudurpaschim Province on Monday. Light snowfall is predicted in a few places of the mountainous region of Sudurpaschim Province and Karnali Province on Monday, the division added. -- RSS&nbsp;&nbsp; </span></span></span></p>
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	(int) 10 => array(
		'Article' => array(
			'id' => '16299',
			'article_category_id' => '1',
			'title' => 'Election Activities up as November 20 Voting Just Around the Corner',
			'sub_title' => '',
			'summary' => 'November 13: Election activities have intensified across the country as the November 20 voting to the House of Representatives and the Province Assembly is fast approaching.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 13: Election activities have intensified across the country as the November 20 voting to the House of Representatives and the Province Assembly is fast approaching. Election-related activities and campaigns have shot up, and candidates are reaching out to voters with their respective party&#39;s election manifesto.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Election campaigns have been done in a thrifty and careful way, claimed Shaligram Sharma, spokesperson for the Election Commission.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This time, the election code of conduct has been strictly implemented as compared to the past elections, he maintained. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&quot;The code of conduct has a provision that bars extravagant election expenditure. As a result of the strict implementation of the election code of conduct, the distribution of election-related pamphlets and banners, election rallies and assemblies have significantly gone down. But, election has remained in the heart and mind of voters, and election ambiance has not gone down,&quot; said Sharma.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Lately, elections are becoming decent with the political parties, candidates, voters and democracy growing matured, said CPN (UML) leader Subas Nembang.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&quot;There has been drastic changes in elections campaigns in a bid to make them economical with consultations between political parties and the EC,&quot; he said.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The elections are being held for a total 275 HoR members, and 550 Provincial Assembly members. There are a total of 17,988, 570 eligible voters.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Scenes in the previous elections used to be different. In the past, there used to be massive display of banners and pasting of pamphlets in market areas and urban settlement. Supporters of political parties and candidates used to be seen wearing clothes printed with election symbols of political parties and election candidates.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This time, the EC could ensure a significant change in the publicity campaign. Just 15 days were officially given for the election mass meetings and the door-to-door visit programmes. Election publicity programmes were not extravagant this time as compared to the past.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Former Speaker Subash Nembang said people/voters are questioning the candidates reaching out to them whether they could deliver development projects such as roads and drinking water facility for them. The voters still are still seeking commitments from the potential legislators.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepali Congress leader Pushpa Bhusal said the given time for election publicity was too little this time as per the geography of electoral constituencies. According to her, the parties focused on home visit programmes instead of mass gatherings. &ldquo;This time election glitz was not at the sight, but people are enthusiastic for the voting.&rdquo;&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The model of election publicity has been changed this time with the belief that election costs should be within the limit to promote fair politics. -- RSS</span></span></span></p>
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	(int) 11 => array(
		'Article' => array(
			'id' => '16298',
			'article_category_id' => '1',
			'title' => '‘Don't Allow Big Projects to Import Construction Materials that are Produced within Nepal’',
			'sub_title' => '',
			'summary' => 'November 13: Stakeholders have complained that the domestic industries of Nepal have been affected due to the customs exemption given to big projects with foreign investment for the import of construction materials.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">November 13: Stakeholders have complained that the domestic industries of Nepal have been affected due to the customs exemption given to big projects with foreign investment for the import of construction materials. </span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The industrialists have urged the government to bar big projects from importing construction materials that can be produced within the country. This move, according to the industrialists, will help sustain the domestic industries that produce rods, cement, pipes, and zinc sheets, at a time when they are reeling under crisis due to the impact of Covid-19 pandemic and the current economic crisis.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The government allows the import of building materials with customs exemption for development and construction projects. The industrialists complained that this has affected the domestic producers.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">They said that materials such as cement, rods, pipes and galvanized sheet are used extensively for projects related to hydropower, bridges, roads, and canals, but most of such construction materials are imported from outside. This is a big setback for the domestic market of Nepal.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Stakeholders argue that there is no need to bring such materials from outside when the domestic industry has become self-sufficient in rods and cement. </span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&ldquo;The products of the domestic industries should be used in big projects,&quot; insists Rajesh Kyal, owner of Narayani Ispat.&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Kyal claimed that this measure might provide some relief to the market, which has been affected by the uncomfortable situation after the pandemic. The government allows such projects to import materials with exemption on customs duty and value-added tax.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">According to Dhan Bahadur Baruwal, Chief Customs Officer of Birgunj Customs, the customs exemption is given upon the recommendation of the Ministry of Finance.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Normally, up to 40 per cent customs duty is fixed for the import of such materials, but the big projects pay customs duty of 1 to 2 per at subsidized rate. Such imports do not need value added tax.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Santosh Kumar Neupane, Information Officer of Birgunj Dry Port Customs, informed that 4 to 5 containers of such goods are imported through customs every month. The Ministry of Finance has been giving concessions on the import of construction materials according to the nature of the project.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Businessmen say that domestic industries have been affected as the big projects are allowed to import products such as zinc and galvanized sheet, etc., which are produced in abundance in the country. The industrialists argue that such projects should be supplied with construction materials from the domestic industries.</span></span></p>

<p>&nbsp;</p>
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			'image' => '20221113035229_cement rod.jpg',
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	(int) 12 => array(
		'Article' => array(
			'id' => '16297',
			'article_category_id' => '1',
			'title' => 'Banks Start Returning the Money Charged to Customers Illegally',
			'sub_title' => '',
			'summary' => 'November 13: Amid pressure from industrialists against the excessive hike in interest rates and service charges by banks and financial institutions, Nepal Rastra Bank has instructed the BFIs to return the renewal fee and premium collected from the debtors against the law.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Nirmala UI&quot;,&quot;sans-serif&quot;">November 13: Amid pressure from industrialists against the excessive hike in interest rates and service charges by banks and financial institutions, Nepal Rastra Bank has instructed the BFIs to return the renewal fee and premium collected from the debtors against the law.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">After the central bank instructed BFIs not to collect any amount against the directive on interest rates, BFIs have reportedly started returning the money to the customers.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;Banks and financial institutions cannot later change the premium rate mentioned while signing the offer letter,&rdquo; said Dr Gunakar Bhatta, spokesperson of NRB, adding, &ldquo;We have found that banks have collected additional interest rate by increasing the premium rate and have therefore instructed them to return such amount.&rdquo; </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">However, he did not have the exact figure of the amount returned by BFIs.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The Unified Directive on Loan Management issued by NRB has a provision under which banks can fix the base rate by adding 0.75 percent profit on their cost incurred and then add a certain percentage of premium rate to determine the interest rate. Although the interest rates of banks increase or decrease automatically when the base rate fluctuates every quarter, the premium rate remains constant.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">As per the directive, banks must clearly mention the premium rate in the offer letter to its customers. The premium rate cannot be increased later. Banks are required to publish the interest rate on&nbsp; deposits as well as the premium rate of loans one day before the start of every new month.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Lately, banks have increased the interest on loan to the new borrowers citing liquidity crunch. In doing so, they also increased the premium rates of old borrowers in order to increase the interest rate. The central bank started looking into the matter after the industrialists as well as general public started protesting against such move of the banks.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) had met the Governor of Nepal Rastra Bank Maha Prasad Adhikari and submitted a memo stating that banks have been collecting&nbsp; interest rates at their whims. They had complained that the banks had increased the interest rate on old loans without informing the borrowers.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The Unified Directive has provision for the banks to inform the customers about any change in interest rate immediately through SMS/email. The borrowers have complained that the banks did not comply with this provision. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Banks have also been found charging renewal fee once a year on term loans. Bhatta said that the central bank has asked for data from banks after receiving complain in this regard and have instructed the banks to return the money if collected against the law.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Although the industrialists had started nation-wide protest against the hike in interest rate, the protest has been deferred until the election upon the request of FNCCI.</span></span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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			'article_category_id' => '1',
			'title' => 'No Permits Required for Essential Service Vehicles on Voting Day   ',
			'sub_title' => '',
			'summary' => 'November 13: The Election Commission (EC) has said that vehicle passes would not be required for the vehicles used for essential services on the voting day.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 13: The Election Commission (EC) has said that vehicle passes would not be required for the vehicles used for essential services on the voting day. The EC has made this arrangement for the convenience of the vehicles used for essential services on the voting day on November 20.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The EC stated that vehicle passes would not be required for ambulances, hearse, fire trucks, water supply tanker, vehicles transporting garbage, milk vans, vehicles used for telecom and cable services and the vehicles carrying doctors, health service workers and employees holding hospital identity cards.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, permits would not be required for vehicles used by media persons bearing the press pass issued by the Department of Information and Broadcasting or the Province Media Registrar&#39;s Office or the Communications Authority under the Province Government or any other regulatory body of similar nature or those media persons bearing identity cards issued by the media houses registered and operating as per the existing laws and listed in the Press Council Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The vehicles, used by election observers and monitors bearing the identity card issued by the EC, the vehicles used for carrying vegetables, fruits and those used for electricity service, vehicles with blue number plate used by diplomatic missions, UN agencies and the officials working in bilateral and multilateral development partner organisations and the vehicles with green number plate used only for carrying foreign tourists, will not require passes.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, passes would not be required for vehicles of security bodies used by the security personnel and the vehicles used by the employees and volunteers deputed for election duty.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The EC has however warned that vehicles used for essential services would not be allowed to carry the voters. -- RSS&nbsp;&nbsp; </span></span></span></p>
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			'title' => 'Fresh Quake Rattles Sudurpaschim Province ',
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			'summary' => 'November 13: An earthquake measuring 5.4 in the Richter scale rocked Sudurpaschim Province at 8:12 last evening (November 12) .',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 13: An earthquake measuring 5.4 magnitude in the Richter scale rocked Sudurpaschim Province at 8:12 last evening (November 12) .</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the National Seismological Monitoring and Research Centre, Surkhet, the epicentre of the quake was located at Patadewal of Bajhang district.&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The earthquake was felt in several districts including Baitadi, Darchula, Dadeldhura, Achham, Kanchanpur, and Kailali.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Police said no loss has been reported so far.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Last week, the Sudurpaschim Province recorded major earthquakes that rattled the entire region on November 9 and 10. The second earthquake of 6.6 in the Richter scale that occurred on November 10 had claimed six lives. The quake was felt as far as New Delhi in India.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The region has witnessed more than 200 aftershocks.</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal Police has been using loud speakers urging local residents of Patadewal to stay outside their houses after the latest earthquake.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the police, last week&rsquo;s tremors had weakened the houses of the locals and hence they were asked to stay outdoors as aftershocks continue to take place.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Sub Inspector Ram Bahadur Bam of Patadewal Police Station said,</span>&ldquo;<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">It is risky to stay inside the same houses after the earthquake on Saturday.</span>&rdquo;&nbsp; -- RSS</span></span><br />
&nbsp;</p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '16309',
			'article_category_id' => '1',
			'title' => 'IIN to promote FDI, Equitable Economic Growth of Nepal   ',
			'sub_title' => '',
			'summary' => 'November 15: The Invest for Impact Nepal (IIN) platform is scaling up its programme to promote investment and equitable economic growth to contribute to social and environmental impact in Nepal.    ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 15: The Invest for Impact Nepal (IIN) platform is scaling up its programme to promote investment and equitable economic growth to contribute to social and environmental impact in Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The scale-up programme will run from November 2022 to August 2025 and builds on initial discovery phase activities such as assessing specific challenges and opportunities for foreign direct investments (FDI) in Nepal, IIN said in a press statement.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&ldquo;The discovery phase also looked into investment opportunities through financial institutions (FIs), Private Equity and Venture Capital (PEVC) funds, and Financial Technology firms,&rdquo; it said.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This group comprising of DFIs and development partners, will complement existing efforts to attract more investments and advance the development of the country by channelling efforts to unlock the possibilities of patient investing, flexible capital to support private sector growth and innovation. The objective is to help solve the biggest development challenges in Nepal, read the statement.&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The IIN&rsquo;s scale-up programme is to accelerate growth, create jobs, and develop a more sustainable economy in Nepal and this will be achieved by enabling FIs and PEVC funds to access resources from DFIs.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">To support the small and medium-sized enterprises, the IIN will enable key investment ecosystem stakeholders including DFIs, DPs, FIs, PEVC Funds, private sector and regulators to participate in market information gathering and others including access to foreign direct investment.&nbsp;&nbsp; &nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Welcoming this partnership, Swiss Ambassador to Nepal Elisabeth von Capeller ensuring that environmental, social, and governance factors are integrated into financial products and transactions remains our core focus.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise Head of Asia at BII Srini Nagarajan said this platform&rsquo;s focus on those intermediaries resonates well with BII&rsquo;s own strategy in emerging markets to deploy patient and flexible capital to boost productive, inclusive and sustainable growth in Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The IIN platform is promoted by Development Finance Institutions (DFIs) of the UK- British International Investment (BII), the Netherlands - Dutch Entrepreneurial Development Bank (FMO) and Nepal&rsquo;s development partner- the Swiss Agency for Development and Cooperation (SDC). -- RSS&nbsp;&nbsp; </span></span></span></p>
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			'created' => '2022-11-15',
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			'sortorder' => '16050',
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		'Article' => array(
			'id' => '16308',
			'article_category_id' => '1',
			'title' => 'Buddha Air to Operate Flights to India from PRIA   ',
			'sub_title' => '',
			'summary' => 'November 15: Buddha Air, one of the leading private airline company of Nepal, has announced to conduct three flights to India from the Pokhara Regional International Airport (PRIA).    ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 15:&nbsp;</span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Buddha Air, one of the leading private carriers of Nepal, is planning to start flights to three destinations in India from Pokhara Regional International Airport. The airlines will operate flight to Benares, Delhi and Dehradun. Pokhara Regional International Airport will come into operation from January in 2023, according to the Civil Aviation Authority of Nepal. </span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&ldquo;Buddha Air will operate the first flight along the Pokhara-Benares-Pokhara route as soon as the airport comes into operation,&rdquo; said an official of Buddha Air. The flight from Pokhara-Benares to Pokhara will be held three times a week on Sundays, Tuesdays and Thursdays.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The Government of Nepal is holding talks with the Indian government for an air traffic route and Buddha Air is preparing for two flights a day to Delhi from Pokhara once the Indian government gives permission for air route and slot, according to Buddha Air. </span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">At present, Buddha Air is operating flights to Beneras from Tribhuvan International Airport. </span></span></span></span></p>
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		'Article' => array(
			'id' => '16307',
			'article_category_id' => '1',
			'title' => 'Consumption of Petroleum Products Falls   ',
			'sub_title' => '',
			'summary' => 'November 14: The consumption of petroleum products in the domestic market of Nepal has gone down lately. ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 14: The consumption of petroleum products in the domestic market of Nepal has gone down lately. According to the Nepal Oil Corporation (NOC), the consumption of petroleum products has significantly decreased in the current fiscal year (FY 2022/23) as compared to the previous year.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Data of the NOC shows that 44,513 kiloliters of petrol and 78426 kiloliters of diesel were consumed between mid-October to mid-November this year compared to 63,315 kiloliters of petrol and 135,812 kiloliters of diesel consumed during the correspondent period of the last fiscal year.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In past, the supply of petroleum products used to increase during festivals and elections, but this time the situation is different, NOC Spokesperson Binitmani Upadhyay said.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Liquidity crunch, unfavorable season for development works, the skyrocketing prices of petroleum products and higher prices in the domestic market compared to the Indian market are among the factors for the decline in fuel consumption.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Higher price of petroleum products in the domestic market may encourage people to fill up their vehicles in Indian cities taking an advantage of the open border between Nepal and India, it has been observed. -- RSS&nbsp;&nbsp; </span></span></span></p>
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			'created' => '2022-11-14',
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			'id' => '16306',
			'article_category_id' => '1',
			'title' => 'Value of Nepalese Currency Rises after US Removes India from its ‘Currency Watchlist’',
			'sub_title' => '',
			'summary' => 'November 14: The value of Nepalese currency has strengthened along with the Indian rupee after the US Department of Treasury removed the Indian Currency from its ‘Currency Watchlist’. ',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">November 14: The value of Nepalese currency has strengthened along with the Indian rupee after the US Department of Treasury removed the Indian Currency from its &lsquo;Currency Watchlist&rsquo;. Analysts say that this trend will continue.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">There is a fixed exchange rate between the Indian and Nepalese currencies. The value of the US dollar in Nepal is determined based on the value of the Indian currency. For this reason, the Nepalese rupee is weak when the INR is weak and vice versa. The exchange rate of the USD in the Nepalese market has dropped from Rs 133 to Rs 129 per dollar after India was removed from the watchlist.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The Indian rupee has strengthened by 2 per cent against the US dollar over the past week. On Friday, the value of Indian currency rose by 1.23 per cent in a single day due to the prospect of the Federal Reserve, the central bank of the US, increasing the interest rate a little more than expected. As of Friday, one dollar was equivalent to INR 80.81. The effect of the removal of INR from the watchlist is yet to be seen as trading in the international currency market is closed on Saturday and Sunday.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Nepal Rastra Bank had fixed the exchange rate for USD 1 at Rs 131.2 on Friday and at Rs 129. 58 for Saturday and Sunday.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Economist Nar Bahadur Thapa said that the removal of the Indian currency from the US currency watchlist has strengthened the Indian currency, and its impact has been felt on the Nepali currency. A weak USD has a positive effect on Nepal&#39;s trade deficit and inflation. The consumers who are facing price hike due to the recent increase in the value of the US dollar will get some relief.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Thapa said that there will be a loss in income form remittance though. As remittances are calculated based on the value of US dollars, more money is received when the dollar is expensive and less money is received when the dollar is cheap.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">After two years, the US has removed India from the list of countries that manipulate the currency market. The US has also removed Italy, Mexico, Thailand and Vietnam from the list. The United States keeps its trade partners in this list based on the practices of any country in the currency market and the overall monetary policy.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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	(int) 4 => array(
		'Article' => array(
			'id' => '16305',
			'article_category_id' => '1',
			'title' => 'Price of Cooking Oil Rises Again',
			'sub_title' => '',
			'summary' => 'November 14: The price of edible oil, which was rising continuously since the Russia-Ukraine tension, had declined during the start of the Dashain and Tihar festivals.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">November 14: The price of edible oil, which was rising continuously since the Russia-Ukraine tension, had declined during the start of the Dashain and Tihar festivals.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">It has once again started to rise after festive season. The price of cooking oil has increased by as much as Rs 50 per litre since Tihar.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">According to the Retail Trade Association, the retail price of cooking oil of every brand has increased by Rs 20 to Rs 50 per litre since Tihar. The price of soybean oil, which was &nbsp;Rs 240 per litre during Dashain, has now reached Rs 280. Likewise, the price of mustard oil has now reached Rs 340 from Rs 320 per litre. Similarly, the price of sunflower has climbed to Rs 300 from Rs 250.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Industrialists say that the price of oil may increase for some time. Subodh Kumar Gupta, president of Nepal Pulses, Rice and Oil Association, said that there is no possibility of an immediate price reduction or stabilization as there is no improvement in the international market.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">He said that there are indications that the price may increase further due to the inability to produce raw materials for a long time due to the Russia-Ukraine tension. According to him, the price of oil in the world market is likely to be affected for the next two years due to the war.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Small and retail traders are not ready to accept the argument of the industrialists and wholesalers over the rise in oil prices. They allege that the industrialists have arbitrarily increased the price of oil due to the upcoming elections.&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Amulkaji Tuladhar, general secretary of the Retail Trade Union, said that as big industrialists and businessmen donate large amount of money to the party leaders during elections, it has affected food prices</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&ldquo;If the problem was due to lack of raw materials and increase in value of dollar, how can the prices that dropped before Dashain rise in such a short span?&rdquo; questioned Tuladhar.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&ldquo;Wasn&rsquo;t there scarcity of raw materials before Dashain? Another issue is that there is no need to increase the price of oil sharply when the value of dollar has increased by only a few rupees,&rdquo; added Tuladhara.</span></span></p>

<p>&nbsp;</p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p>&nbsp;</p>
',
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			'article_date' => '2022-11-14 16:15:51',
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	(int) 5 => array(
		'Article' => array(
			'id' => '16304',
			'article_category_id' => '1',
			'title' => 'Permanent Account Numbers Issued to More than 5 Million People',
			'sub_title' => '',
			'summary' => 'November 14: More than 5 million people have acquired Permanent Account Number (PAN) in Nepal so far.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">November 14: More than 5 million people have acquired Permanent Account Number (PAN) in Nepal so far. According to the latest data published by the Ministry of Finance, almost 200,000 people have come under the purview of tax in the last three months. Among them, most of the people have acquired personal PAN cards.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the ministry, a total of 198,087 individuals acquired PAN cards in the first quarter of the current fiscal year (mid-July to mid-October). Among them, 148,773 individuals have acquired personal PAN cards. During this period, 46,001 commercial/business PAN cards were issued by the Inland Revenue Department.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Similarly, 7207 new taxpayers in Value Added Tax category and 4717 new taxpayers in excise duty section have been added in the review period.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the Finance Minister, the total number of people registered under personal PAN category has reached 3,199,077. Likewise, 1,808,414 individuals have acquired business PAN cards so far in the country. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The Inland Revenue Department has made it mandatory for foreign nationals to submit details of PAN cards and tax clearance certificate in order to renew their work permit or visa. It is also mandatory to submit the details of PAN cards for any individual who wants to purchase a four-wheeler. The department has already implemented the arrangement to issue PAN cards to individuals along with the citizenship certificates and national ID cards. The new provisions intend to increase the number of taxpayers.</span></span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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	(int) 6 => array(
		'Article' => array(
			'id' => '16303',
			'article_category_id' => '1',
			'title' => 'The Bamboo Series Focuses on Building Resilient Businesses',
			'sub_title' => '',
			'summary' => 'November 14: The Change Initiative by Net Consortium has kicked off with the objective to address the challenges faced by businessmen and entrepreneurs during and after disasters.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">November 14: The Change Initiative by Net Consortium has kicked off with the objective to address the challenges faced by businessmen and entrepreneurs during and after disasters. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">Three organizations - National Disaster Risk Reduction Center (NDRC), EMERGE, and Tangent Waves have come together to build resilient and inclusive businesses under this initiative.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">As part of the programme, an online discussion entitled The Bamboo Series was held on November 10.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">According to the organisers, the event was held to discuss, debate, and deliver solutions to build resilient and inclusive businesses.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">&ldquo;The Bamboo Series hopes to mainstream the Disaster Risk Reduction Management (DRRM) conversation about the private sector, which is usually ignored when policies and actions are made,&rdquo; reads a statement&nbsp; issued by the organisers.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">Participants of the event&nbsp; agreed to collaborate with each other to take this discussion forward. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">The next event in the series will be held on November 22 on the topic &lsquo;Are businesses prepared for disasters?&rsquo;</span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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			'image' => '20221114124855_bamboo series.jpg',
			'article_date' => '2022-11-14 12:48:11',
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	(int) 7 => array(
		'Article' => array(
			'id' => '16302',
			'article_category_id' => '1',
			'title' => 'Price of Gold Drops Slightly',
			'sub_title' => 'The Precious Yellow Metal Being Traded at Rs 97,200 per Tola Today',
			'summary' => 'November 14: The price of gold has dropped by Rs 100 per tola (11. 66 grams approx) on Monday as compared to the previous trading day.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 14: The price of gold has dropped by Rs 100 per tola (11. 66 grams approx) on Monday as compared to the previous trading day.&nbsp;</span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the Federation of Nepal Gold and Silver Dealers Association, fine gold is being traded at Rs 97,200 per tola today (November 14).&nbsp; &nbsp;&nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, the price of worked gold has also decreased by Rs 100 per tola to Rs 96,700 from Rs 96,800 per tola the previous trading day.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, the price of silver has been fixed at Rs 1,295 per tola, a decrease of Rs 5 per tola compared to the previous trading day.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><br />
<span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">&nbsp; </span></span></p>
',
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			'article_date' => '2022-11-14 12:11:15',
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	(int) 8 => array(
		'Article' => array(
			'id' => '16301',
			'article_category_id' => '1',
			'title' => 'Four Days Left for Election Campaigning   ',
			'sub_title' => '',
			'summary' => 'November 14: Only four days remain for the political parties and candidates to carry out election campaigns for the upcoming polls to the House of Representatives and Provincial Assembly taking place on November 20.   ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 14: Only four days remain for the political parties and candidates to carry out election campaigns for the upcoming polls to the House of Representatives and Provincial Assembly taking place on November 20.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Section 13 of the Election Code of Conduct has determined November 3 to 17 as the dates for running the election campaign, rallies, mass assembly, corner assembly, meeting, gathering by political parties, candidates, the parties&#39; sister organisations and related people.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The so-called election silence period starts from November 17 midnight and election campaigning is barred thereafter.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The Election Commission has stated that action will be taken against the candidates who violate the Election Code of Conduct. -- RSS&nbsp;&nbsp; </span></span></span></p>
',
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			'created' => '2022-11-14',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '16042',
			'image' => '20221114111657_EC.jpg',
			'article_date' => '2022-11-14 11:16:24',
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	(int) 9 => array(
		'Article' => array(
			'id' => '16300',
			'article_category_id' => '1',
			'title' => 'Possibility of Light Rain and Snowfall   ',
			'sub_title' => '',
			'summary' => 'November 13: There is likelihood of light rain and snowfall in the next two to three days due to the influence of the Westerly wind, the Meteorological Forecasting Division under the Department of Hydrology and Meteorology said.    ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 13: There is likelihood of light rain and snowfall in the next two to three days due to the influence of the Westerly wind, the Meteorological Forecasting Division under the Department of Hydrology and Meteorology said.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Meteorologist at the division, Heera Bhattarai, said that light rain and snowfall is likely to occur today (Sunday), Monday and Tuesday due to the impact of the Westerly wind. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&quot;Cold will increase as mercury will dip due to snowfall and this might have general impact on life,&quot; said Bhattarai, adding that the weather will be affected somewhat from this evening and more impact would be felt in the western parts of the country.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The likelihood of rain and snowfall is more in Sudurpaschim and Karnali provinces, according to the division. Similarly, light rain will take place in Province 1, Gandaki Province, Sudurpaschim Province and Karnali Province with chances of light snowfall in the high mountain region of these provinces.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The weather bulletin published by the division states that there is possibility of light rain at one or two places of the hill region of Province 1 today. Light snowfall is likely in some places of the mountainous region of Province 1 and Gandaki Province.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, there is possibility of light snowfall at one or two places of the mountainous region of Gandaki Province, Karnali Province and Sudurpascbhhim Province tonight.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">There are chances of light rainfall at one or two places of the hill areas of Province 1, Gandaki Province, Karnali Province and Sudurpaschim Province on Monday. Light snowfall is predicted in a few places of the mountainous region of Sudurpaschim Province and Karnali Province on Monday, the division added. -- RSS&nbsp;&nbsp; </span></span></span></p>
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			'sortorder' => '16041',
			'image' => '20221113054332_weatherrrr.jpg',
			'article_date' => '2022-11-13 17:42:55',
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	(int) 10 => array(
		'Article' => array(
			'id' => '16299',
			'article_category_id' => '1',
			'title' => 'Election Activities up as November 20 Voting Just Around the Corner',
			'sub_title' => '',
			'summary' => 'November 13: Election activities have intensified across the country as the November 20 voting to the House of Representatives and the Province Assembly is fast approaching.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 13: Election activities have intensified across the country as the November 20 voting to the House of Representatives and the Province Assembly is fast approaching. Election-related activities and campaigns have shot up, and candidates are reaching out to voters with their respective party&#39;s election manifesto.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Election campaigns have been done in a thrifty and careful way, claimed Shaligram Sharma, spokesperson for the Election Commission.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This time, the election code of conduct has been strictly implemented as compared to the past elections, he maintained. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&quot;The code of conduct has a provision that bars extravagant election expenditure. As a result of the strict implementation of the election code of conduct, the distribution of election-related pamphlets and banners, election rallies and assemblies have significantly gone down. But, election has remained in the heart and mind of voters, and election ambiance has not gone down,&quot; said Sharma.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Lately, elections are becoming decent with the political parties, candidates, voters and democracy growing matured, said CPN (UML) leader Subas Nembang.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&quot;There has been drastic changes in elections campaigns in a bid to make them economical with consultations between political parties and the EC,&quot; he said.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The elections are being held for a total 275 HoR members, and 550 Provincial Assembly members. There are a total of 17,988, 570 eligible voters.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Scenes in the previous elections used to be different. In the past, there used to be massive display of banners and pasting of pamphlets in market areas and urban settlement. Supporters of political parties and candidates used to be seen wearing clothes printed with election symbols of political parties and election candidates.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This time, the EC could ensure a significant change in the publicity campaign. Just 15 days were officially given for the election mass meetings and the door-to-door visit programmes. Election publicity programmes were not extravagant this time as compared to the past.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Former Speaker Subash Nembang said people/voters are questioning the candidates reaching out to them whether they could deliver development projects such as roads and drinking water facility for them. The voters still are still seeking commitments from the potential legislators.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepali Congress leader Pushpa Bhusal said the given time for election publicity was too little this time as per the geography of electoral constituencies. According to her, the parties focused on home visit programmes instead of mass gatherings. &ldquo;This time election glitz was not at the sight, but people are enthusiastic for the voting.&rdquo;&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The model of election publicity has been changed this time with the belief that election costs should be within the limit to promote fair politics. -- RSS</span></span></span></p>
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			'sortorder' => '16040',
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	(int) 11 => array(
		'Article' => array(
			'id' => '16298',
			'article_category_id' => '1',
			'title' => '‘Don't Allow Big Projects to Import Construction Materials that are Produced within Nepal’',
			'sub_title' => '',
			'summary' => 'November 13: Stakeholders have complained that the domestic industries of Nepal have been affected due to the customs exemption given to big projects with foreign investment for the import of construction materials.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">November 13: Stakeholders have complained that the domestic industries of Nepal have been affected due to the customs exemption given to big projects with foreign investment for the import of construction materials. </span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The industrialists have urged the government to bar big projects from importing construction materials that can be produced within the country. This move, according to the industrialists, will help sustain the domestic industries that produce rods, cement, pipes, and zinc sheets, at a time when they are reeling under crisis due to the impact of Covid-19 pandemic and the current economic crisis.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The government allows the import of building materials with customs exemption for development and construction projects. The industrialists complained that this has affected the domestic producers.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">They said that materials such as cement, rods, pipes and galvanized sheet are used extensively for projects related to hydropower, bridges, roads, and canals, but most of such construction materials are imported from outside. This is a big setback for the domestic market of Nepal.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Stakeholders argue that there is no need to bring such materials from outside when the domestic industry has become self-sufficient in rods and cement. </span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&ldquo;The products of the domestic industries should be used in big projects,&quot; insists Rajesh Kyal, owner of Narayani Ispat.&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Kyal claimed that this measure might provide some relief to the market, which has been affected by the uncomfortable situation after the pandemic. The government allows such projects to import materials with exemption on customs duty and value-added tax.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">According to Dhan Bahadur Baruwal, Chief Customs Officer of Birgunj Customs, the customs exemption is given upon the recommendation of the Ministry of Finance.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Normally, up to 40 per cent customs duty is fixed for the import of such materials, but the big projects pay customs duty of 1 to 2 per at subsidized rate. Such imports do not need value added tax.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Santosh Kumar Neupane, Information Officer of Birgunj Dry Port Customs, informed that 4 to 5 containers of such goods are imported through customs every month. The Ministry of Finance has been giving concessions on the import of construction materials according to the nature of the project.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Businessmen say that domestic industries have been affected as the big projects are allowed to import products such as zinc and galvanized sheet, etc., which are produced in abundance in the country. The industrialists argue that such projects should be supplied with construction materials from the domestic industries.</span></span></p>

<p>&nbsp;</p>
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	(int) 12 => array(
		'Article' => array(
			'id' => '16297',
			'article_category_id' => '1',
			'title' => 'Banks Start Returning the Money Charged to Customers Illegally',
			'sub_title' => '',
			'summary' => 'November 13: Amid pressure from industrialists against the excessive hike in interest rates and service charges by banks and financial institutions, Nepal Rastra Bank has instructed the BFIs to return the renewal fee and premium collected from the debtors against the law.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Nirmala UI&quot;,&quot;sans-serif&quot;">November 13: Amid pressure from industrialists against the excessive hike in interest rates and service charges by banks and financial institutions, Nepal Rastra Bank has instructed the BFIs to return the renewal fee and premium collected from the debtors against the law.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">After the central bank instructed BFIs not to collect any amount against the directive on interest rates, BFIs have reportedly started returning the money to the customers.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;Banks and financial institutions cannot later change the premium rate mentioned while signing the offer letter,&rdquo; said Dr Gunakar Bhatta, spokesperson of NRB, adding, &ldquo;We have found that banks have collected additional interest rate by increasing the premium rate and have therefore instructed them to return such amount.&rdquo; </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">However, he did not have the exact figure of the amount returned by BFIs.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The Unified Directive on Loan Management issued by NRB has a provision under which banks can fix the base rate by adding 0.75 percent profit on their cost incurred and then add a certain percentage of premium rate to determine the interest rate. Although the interest rates of banks increase or decrease automatically when the base rate fluctuates every quarter, the premium rate remains constant.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">As per the directive, banks must clearly mention the premium rate in the offer letter to its customers. The premium rate cannot be increased later. Banks are required to publish the interest rate on&nbsp; deposits as well as the premium rate of loans one day before the start of every new month.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Lately, banks have increased the interest on loan to the new borrowers citing liquidity crunch. In doing so, they also increased the premium rates of old borrowers in order to increase the interest rate. The central bank started looking into the matter after the industrialists as well as general public started protesting against such move of the banks.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) had met the Governor of Nepal Rastra Bank Maha Prasad Adhikari and submitted a memo stating that banks have been collecting&nbsp; interest rates at their whims. They had complained that the banks had increased the interest rate on old loans without informing the borrowers.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The Unified Directive has provision for the banks to inform the customers about any change in interest rate immediately through SMS/email. The borrowers have complained that the banks did not comply with this provision. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Banks have also been found charging renewal fee once a year on term loans. Bhatta said that the central bank has asked for data from banks after receiving complain in this regard and have instructed the banks to return the money if collected against the law.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Although the industrialists had started nation-wide protest against the hike in interest rate, the protest has been deferred until the election upon the request of FNCCI.</span></span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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			'id' => '16296',
			'article_category_id' => '1',
			'title' => 'No Permits Required for Essential Service Vehicles on Voting Day   ',
			'sub_title' => '',
			'summary' => 'November 13: The Election Commission (EC) has said that vehicle passes would not be required for the vehicles used for essential services on the voting day.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 13: The Election Commission (EC) has said that vehicle passes would not be required for the vehicles used for essential services on the voting day. The EC has made this arrangement for the convenience of the vehicles used for essential services on the voting day on November 20.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The EC stated that vehicle passes would not be required for ambulances, hearse, fire trucks, water supply tanker, vehicles transporting garbage, milk vans, vehicles used for telecom and cable services and the vehicles carrying doctors, health service workers and employees holding hospital identity cards.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, permits would not be required for vehicles used by media persons bearing the press pass issued by the Department of Information and Broadcasting or the Province Media Registrar&#39;s Office or the Communications Authority under the Province Government or any other regulatory body of similar nature or those media persons bearing identity cards issued by the media houses registered and operating as per the existing laws and listed in the Press Council Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The vehicles, used by election observers and monitors bearing the identity card issued by the EC, the vehicles used for carrying vegetables, fruits and those used for electricity service, vehicles with blue number plate used by diplomatic missions, UN agencies and the officials working in bilateral and multilateral development partner organisations and the vehicles with green number plate used only for carrying foreign tourists, will not require passes.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, passes would not be required for vehicles of security bodies used by the security personnel and the vehicles used by the employees and volunteers deputed for election duty.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The EC has however warned that vehicles used for essential services would not be allowed to carry the voters. -- RSS&nbsp;&nbsp; </span></span></span></p>
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		'Article' => array(
			'id' => '16295',
			'article_category_id' => '1',
			'title' => 'Fresh Quake Rattles Sudurpaschim Province ',
			'sub_title' => '',
			'summary' => 'November 13: An earthquake measuring 5.4 in the Richter scale rocked Sudurpaschim Province at 8:12 last evening (November 12) .',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 13: An earthquake measuring 5.4 magnitude in the Richter scale rocked Sudurpaschim Province at 8:12 last evening (November 12) .</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the National Seismological Monitoring and Research Centre, Surkhet, the epicentre of the quake was located at Patadewal of Bajhang district.&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The earthquake was felt in several districts including Baitadi, Darchula, Dadeldhura, Achham, Kanchanpur, and Kailali.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Police said no loss has been reported so far.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Last week, the Sudurpaschim Province recorded major earthquakes that rattled the entire region on November 9 and 10. The second earthquake of 6.6 in the Richter scale that occurred on November 10 had claimed six lives. The quake was felt as far as New Delhi in India.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The region has witnessed more than 200 aftershocks.</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal Police has been using loud speakers urging local residents of Patadewal to stay outside their houses after the latest earthquake.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the police, last week&rsquo;s tremors had weakened the houses of the locals and hence they were asked to stay outdoors as aftershocks continue to take place.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Sub Inspector Ram Bahadur Bam of Patadewal Police Station said,</span>&ldquo;<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">It is risky to stay inside the same houses after the earthquake on Saturday.</span>&rdquo;&nbsp; -- RSS</span></span><br />
&nbsp;</p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '16309',
			'article_category_id' => '1',
			'title' => 'IIN to promote FDI, Equitable Economic Growth of Nepal   ',
			'sub_title' => '',
			'summary' => 'November 15: The Invest for Impact Nepal (IIN) platform is scaling up its programme to promote investment and equitable economic growth to contribute to social and environmental impact in Nepal.    ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 15: The Invest for Impact Nepal (IIN) platform is scaling up its programme to promote investment and equitable economic growth to contribute to social and environmental impact in Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The scale-up programme will run from November 2022 to August 2025 and builds on initial discovery phase activities such as assessing specific challenges and opportunities for foreign direct investments (FDI) in Nepal, IIN said in a press statement.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&ldquo;The discovery phase also looked into investment opportunities through financial institutions (FIs), Private Equity and Venture Capital (PEVC) funds, and Financial Technology firms,&rdquo; it said.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This group comprising of DFIs and development partners, will complement existing efforts to attract more investments and advance the development of the country by channelling efforts to unlock the possibilities of patient investing, flexible capital to support private sector growth and innovation. The objective is to help solve the biggest development challenges in Nepal, read the statement.&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The IIN&rsquo;s scale-up programme is to accelerate growth, create jobs, and develop a more sustainable economy in Nepal and this will be achieved by enabling FIs and PEVC funds to access resources from DFIs.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">To support the small and medium-sized enterprises, the IIN will enable key investment ecosystem stakeholders including DFIs, DPs, FIs, PEVC Funds, private sector and regulators to participate in market information gathering and others including access to foreign direct investment.&nbsp;&nbsp; &nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Welcoming this partnership, Swiss Ambassador to Nepal Elisabeth von Capeller ensuring that environmental, social, and governance factors are integrated into financial products and transactions remains our core focus.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise Head of Asia at BII Srini Nagarajan said this platform&rsquo;s focus on those intermediaries resonates well with BII&rsquo;s own strategy in emerging markets to deploy patient and flexible capital to boost productive, inclusive and sustainable growth in Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The IIN platform is promoted by Development Finance Institutions (DFIs) of the UK- British International Investment (BII), the Netherlands - Dutch Entrepreneurial Development Bank (FMO) and Nepal&rsquo;s development partner- the Swiss Agency for Development and Cooperation (SDC). -- RSS&nbsp;&nbsp; </span></span></span></p>
',
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		'Article' => array(
			'id' => '16308',
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			'title' => 'Buddha Air to Operate Flights to India from PRIA   ',
			'sub_title' => '',
			'summary' => 'November 15: Buddha Air, one of the leading private airline company of Nepal, has announced to conduct three flights to India from the Pokhara Regional International Airport (PRIA).    ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 15:&nbsp;</span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Buddha Air, one of the leading private carriers of Nepal, is planning to start flights to three destinations in India from Pokhara Regional International Airport. The airlines will operate flight to Benares, Delhi and Dehradun. Pokhara Regional International Airport will come into operation from January in 2023, according to the Civil Aviation Authority of Nepal. </span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&ldquo;Buddha Air will operate the first flight along the Pokhara-Benares-Pokhara route as soon as the airport comes into operation,&rdquo; said an official of Buddha Air. The flight from Pokhara-Benares to Pokhara will be held three times a week on Sundays, Tuesdays and Thursdays.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The Government of Nepal is holding talks with the Indian government for an air traffic route and Buddha Air is preparing for two flights a day to Delhi from Pokhara once the Indian government gives permission for air route and slot, according to Buddha Air. </span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">At present, Buddha Air is operating flights to Beneras from Tribhuvan International Airport. </span></span></span></span></p>
',
			'published' => true,
			'created' => '2022-11-15',
			'modified' => '2022-11-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16049',
			'image' => '20221115094046_1668475635.jpg',
			'article_date' => '2022-11-15 09:40:12',
			'homepage' => false,
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	),
	(int) 2 => array(
		'Article' => array(
			'id' => '16307',
			'article_category_id' => '1',
			'title' => 'Consumption of Petroleum Products Falls   ',
			'sub_title' => '',
			'summary' => 'November 14: The consumption of petroleum products in the domestic market of Nepal has gone down lately. ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 14: The consumption of petroleum products in the domestic market of Nepal has gone down lately. According to the Nepal Oil Corporation (NOC), the consumption of petroleum products has significantly decreased in the current fiscal year (FY 2022/23) as compared to the previous year.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Data of the NOC shows that 44,513 kiloliters of petrol and 78426 kiloliters of diesel were consumed between mid-October to mid-November this year compared to 63,315 kiloliters of petrol and 135,812 kiloliters of diesel consumed during the correspondent period of the last fiscal year.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In past, the supply of petroleum products used to increase during festivals and elections, but this time the situation is different, NOC Spokesperson Binitmani Upadhyay said.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Liquidity crunch, unfavorable season for development works, the skyrocketing prices of petroleum products and higher prices in the domestic market compared to the Indian market are among the factors for the decline in fuel consumption.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Higher price of petroleum products in the domestic market may encourage people to fill up their vehicles in Indian cities taking an advantage of the open border between Nepal and India, it has been observed. -- RSS&nbsp;&nbsp; </span></span></span></p>
',
			'published' => true,
			'created' => '2022-11-14',
			'modified' => '2022-11-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16048',
			'image' => '20221114052104_petroo - Copy.jpg',
			'article_date' => '2022-11-14 17:20:32',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 3 => array(
		'Article' => array(
			'id' => '16306',
			'article_category_id' => '1',
			'title' => 'Value of Nepalese Currency Rises after US Removes India from its ‘Currency Watchlist’',
			'sub_title' => '',
			'summary' => 'November 14: The value of Nepalese currency has strengthened along with the Indian rupee after the US Department of Treasury removed the Indian Currency from its ‘Currency Watchlist’. ',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">November 14: The value of Nepalese currency has strengthened along with the Indian rupee after the US Department of Treasury removed the Indian Currency from its &lsquo;Currency Watchlist&rsquo;. Analysts say that this trend will continue.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">There is a fixed exchange rate between the Indian and Nepalese currencies. The value of the US dollar in Nepal is determined based on the value of the Indian currency. For this reason, the Nepalese rupee is weak when the INR is weak and vice versa. The exchange rate of the USD in the Nepalese market has dropped from Rs 133 to Rs 129 per dollar after India was removed from the watchlist.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The Indian rupee has strengthened by 2 per cent against the US dollar over the past week. On Friday, the value of Indian currency rose by 1.23 per cent in a single day due to the prospect of the Federal Reserve, the central bank of the US, increasing the interest rate a little more than expected. As of Friday, one dollar was equivalent to INR 80.81. The effect of the removal of INR from the watchlist is yet to be seen as trading in the international currency market is closed on Saturday and Sunday.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Nepal Rastra Bank had fixed the exchange rate for USD 1 at Rs 131.2 on Friday and at Rs 129. 58 for Saturday and Sunday.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Economist Nar Bahadur Thapa said that the removal of the Indian currency from the US currency watchlist has strengthened the Indian currency, and its impact has been felt on the Nepali currency. A weak USD has a positive effect on Nepal&#39;s trade deficit and inflation. The consumers who are facing price hike due to the recent increase in the value of the US dollar will get some relief.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Thapa said that there will be a loss in income form remittance though. As remittances are calculated based on the value of US dollars, more money is received when the dollar is expensive and less money is received when the dollar is cheap.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">After two years, the US has removed India from the list of countries that manipulate the currency market. The US has also removed Italy, Mexico, Thailand and Vietnam from the list. The United States keeps its trade partners in this list based on the practices of any country in the currency market and the overall monetary policy.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2022-11-14',
			'modified' => '2022-11-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16047',
			'image' => '20221114051206_1668391625.अमेरिकी ‘करेन्सी वाचलिस्ट’बाट भारत हट्यो.jpg',
			'article_date' => '2022-11-14 17:11:16',
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	(int) 4 => array(
		'Article' => array(
			'id' => '16305',
			'article_category_id' => '1',
			'title' => 'Price of Cooking Oil Rises Again',
			'sub_title' => '',
			'summary' => 'November 14: The price of edible oil, which was rising continuously since the Russia-Ukraine tension, had declined during the start of the Dashain and Tihar festivals.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">November 14: The price of edible oil, which was rising continuously since the Russia-Ukraine tension, had declined during the start of the Dashain and Tihar festivals.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">It has once again started to rise after festive season. The price of cooking oil has increased by as much as Rs 50 per litre since Tihar.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">According to the Retail Trade Association, the retail price of cooking oil of every brand has increased by Rs 20 to Rs 50 per litre since Tihar. The price of soybean oil, which was &nbsp;Rs 240 per litre during Dashain, has now reached Rs 280. Likewise, the price of mustard oil has now reached Rs 340 from Rs 320 per litre. Similarly, the price of sunflower has climbed to Rs 300 from Rs 250.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Industrialists say that the price of oil may increase for some time. Subodh Kumar Gupta, president of Nepal Pulses, Rice and Oil Association, said that there is no possibility of an immediate price reduction or stabilization as there is no improvement in the international market.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">He said that there are indications that the price may increase further due to the inability to produce raw materials for a long time due to the Russia-Ukraine tension. According to him, the price of oil in the world market is likely to be affected for the next two years due to the war.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Small and retail traders are not ready to accept the argument of the industrialists and wholesalers over the rise in oil prices. They allege that the industrialists have arbitrarily increased the price of oil due to the upcoming elections.&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Amulkaji Tuladhar, general secretary of the Retail Trade Union, said that as big industrialists and businessmen donate large amount of money to the party leaders during elections, it has affected food prices</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&ldquo;If the problem was due to lack of raw materials and increase in value of dollar, how can the prices that dropped before Dashain rise in such a short span?&rdquo; questioned Tuladhar.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&ldquo;Wasn&rsquo;t there scarcity of raw materials before Dashain? Another issue is that there is no need to increase the price of oil sharply when the value of dollar has increased by only a few rupees,&rdquo; added Tuladhara.</span></span></p>

<p>&nbsp;</p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p>&nbsp;</p>
',
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			'created' => '2022-11-14',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '16046',
			'image' => '20221114041628_shutterstock_1353066692.jpeg',
			'article_date' => '2022-11-14 16:15:51',
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	(int) 5 => array(
		'Article' => array(
			'id' => '16304',
			'article_category_id' => '1',
			'title' => 'Permanent Account Numbers Issued to More than 5 Million People',
			'sub_title' => '',
			'summary' => 'November 14: More than 5 million people have acquired Permanent Account Number (PAN) in Nepal so far.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">November 14: More than 5 million people have acquired Permanent Account Number (PAN) in Nepal so far. According to the latest data published by the Ministry of Finance, almost 200,000 people have come under the purview of tax in the last three months. Among them, most of the people have acquired personal PAN cards.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the ministry, a total of 198,087 individuals acquired PAN cards in the first quarter of the current fiscal year (mid-July to mid-October). Among them, 148,773 individuals have acquired personal PAN cards. During this period, 46,001 commercial/business PAN cards were issued by the Inland Revenue Department.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Similarly, 7207 new taxpayers in Value Added Tax category and 4717 new taxpayers in excise duty section have been added in the review period.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the Finance Minister, the total number of people registered under personal PAN category has reached 3,199,077. Likewise, 1,808,414 individuals have acquired business PAN cards so far in the country. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The Inland Revenue Department has made it mandatory for foreign nationals to submit details of PAN cards and tax clearance certificate in order to renew their work permit or visa. It is also mandatory to submit the details of PAN cards for any individual who wants to purchase a four-wheeler. The department has already implemented the arrangement to issue PAN cards to individuals along with the citizenship certificates and national ID cards. The new provisions intend to increase the number of taxpayers.</span></span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2022-11-14',
			'modified' => '2022-11-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16045',
			'image' => '20221114013336_1668387758.करदाता ५० लाख पुगे.jpg',
			'article_date' => '2022-11-14 13:33:02',
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	(int) 6 => array(
		'Article' => array(
			'id' => '16303',
			'article_category_id' => '1',
			'title' => 'The Bamboo Series Focuses on Building Resilient Businesses',
			'sub_title' => '',
			'summary' => 'November 14: The Change Initiative by Net Consortium has kicked off with the objective to address the challenges faced by businessmen and entrepreneurs during and after disasters.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">November 14: The Change Initiative by Net Consortium has kicked off with the objective to address the challenges faced by businessmen and entrepreneurs during and after disasters. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">Three organizations - National Disaster Risk Reduction Center (NDRC), EMERGE, and Tangent Waves have come together to build resilient and inclusive businesses under this initiative.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">As part of the programme, an online discussion entitled The Bamboo Series was held on November 10.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">According to the organisers, the event was held to discuss, debate, and deliver solutions to build resilient and inclusive businesses.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">&ldquo;The Bamboo Series hopes to mainstream the Disaster Risk Reduction Management (DRRM) conversation about the private sector, which is usually ignored when policies and actions are made,&rdquo; reads a statement&nbsp; issued by the organisers.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">Participants of the event&nbsp; agreed to collaborate with each other to take this discussion forward. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">The next event in the series will be held on November 22 on the topic &lsquo;Are businesses prepared for disasters?&rsquo;</span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2022-11-14',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '16044',
			'image' => '20221114124855_bamboo series.jpg',
			'article_date' => '2022-11-14 12:48:11',
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	(int) 7 => array(
		'Article' => array(
			'id' => '16302',
			'article_category_id' => '1',
			'title' => 'Price of Gold Drops Slightly',
			'sub_title' => 'The Precious Yellow Metal Being Traded at Rs 97,200 per Tola Today',
			'summary' => 'November 14: The price of gold has dropped by Rs 100 per tola (11. 66 grams approx) on Monday as compared to the previous trading day.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 14: The price of gold has dropped by Rs 100 per tola (11. 66 grams approx) on Monday as compared to the previous trading day.&nbsp;</span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the Federation of Nepal Gold and Silver Dealers Association, fine gold is being traded at Rs 97,200 per tola today (November 14).&nbsp; &nbsp;&nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, the price of worked gold has also decreased by Rs 100 per tola to Rs 96,700 from Rs 96,800 per tola the previous trading day.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, the price of silver has been fixed at Rs 1,295 per tola, a decrease of Rs 5 per tola compared to the previous trading day.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><br />
<span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">&nbsp; </span></span></p>
',
			'published' => true,
			'created' => '2022-11-14',
			'modified' => '2022-11-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16043',
			'image' => '20221114121204_gold.jpg',
			'article_date' => '2022-11-14 12:11:15',
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	(int) 8 => array(
		'Article' => array(
			'id' => '16301',
			'article_category_id' => '1',
			'title' => 'Four Days Left for Election Campaigning   ',
			'sub_title' => '',
			'summary' => 'November 14: Only four days remain for the political parties and candidates to carry out election campaigns for the upcoming polls to the House of Representatives and Provincial Assembly taking place on November 20.   ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 14: Only four days remain for the political parties and candidates to carry out election campaigns for the upcoming polls to the House of Representatives and Provincial Assembly taking place on November 20.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Section 13 of the Election Code of Conduct has determined November 3 to 17 as the dates for running the election campaign, rallies, mass assembly, corner assembly, meeting, gathering by political parties, candidates, the parties&#39; sister organisations and related people.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The so-called election silence period starts from November 17 midnight and election campaigning is barred thereafter.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The Election Commission has stated that action will be taken against the candidates who violate the Election Code of Conduct. -- RSS&nbsp;&nbsp; </span></span></span></p>
',
			'published' => true,
			'created' => '2022-11-14',
			'modified' => '2022-11-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16042',
			'image' => '20221114111657_EC.jpg',
			'article_date' => '2022-11-14 11:16:24',
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	(int) 9 => array(
		'Article' => array(
			'id' => '16300',
			'article_category_id' => '1',
			'title' => 'Possibility of Light Rain and Snowfall   ',
			'sub_title' => '',
			'summary' => 'November 13: There is likelihood of light rain and snowfall in the next two to three days due to the influence of the Westerly wind, the Meteorological Forecasting Division under the Department of Hydrology and Meteorology said.    ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 13: There is likelihood of light rain and snowfall in the next two to three days due to the influence of the Westerly wind, the Meteorological Forecasting Division under the Department of Hydrology and Meteorology said.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Meteorologist at the division, Heera Bhattarai, said that light rain and snowfall is likely to occur today (Sunday), Monday and Tuesday due to the impact of the Westerly wind. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&quot;Cold will increase as mercury will dip due to snowfall and this might have general impact on life,&quot; said Bhattarai, adding that the weather will be affected somewhat from this evening and more impact would be felt in the western parts of the country.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The likelihood of rain and snowfall is more in Sudurpaschim and Karnali provinces, according to the division. Similarly, light rain will take place in Province 1, Gandaki Province, Sudurpaschim Province and Karnali Province with chances of light snowfall in the high mountain region of these provinces.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The weather bulletin published by the division states that there is possibility of light rain at one or two places of the hill region of Province 1 today. Light snowfall is likely in some places of the mountainous region of Province 1 and Gandaki Province.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, there is possibility of light snowfall at one or two places of the mountainous region of Gandaki Province, Karnali Province and Sudurpascbhhim Province tonight.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">There are chances of light rainfall at one or two places of the hill areas of Province 1, Gandaki Province, Karnali Province and Sudurpaschim Province on Monday. Light snowfall is predicted in a few places of the mountainous region of Sudurpaschim Province and Karnali Province on Monday, the division added. -- RSS&nbsp;&nbsp; </span></span></span></p>
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	(int) 10 => array(
		'Article' => array(
			'id' => '16299',
			'article_category_id' => '1',
			'title' => 'Election Activities up as November 20 Voting Just Around the Corner',
			'sub_title' => '',
			'summary' => 'November 13: Election activities have intensified across the country as the November 20 voting to the House of Representatives and the Province Assembly is fast approaching.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 13: Election activities have intensified across the country as the November 20 voting to the House of Representatives and the Province Assembly is fast approaching. Election-related activities and campaigns have shot up, and candidates are reaching out to voters with their respective party&#39;s election manifesto.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Election campaigns have been done in a thrifty and careful way, claimed Shaligram Sharma, spokesperson for the Election Commission.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This time, the election code of conduct has been strictly implemented as compared to the past elections, he maintained. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&quot;The code of conduct has a provision that bars extravagant election expenditure. As a result of the strict implementation of the election code of conduct, the distribution of election-related pamphlets and banners, election rallies and assemblies have significantly gone down. But, election has remained in the heart and mind of voters, and election ambiance has not gone down,&quot; said Sharma.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Lately, elections are becoming decent with the political parties, candidates, voters and democracy growing matured, said CPN (UML) leader Subas Nembang.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&quot;There has been drastic changes in elections campaigns in a bid to make them economical with consultations between political parties and the EC,&quot; he said.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The elections are being held for a total 275 HoR members, and 550 Provincial Assembly members. There are a total of 17,988, 570 eligible voters.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Scenes in the previous elections used to be different. In the past, there used to be massive display of banners and pasting of pamphlets in market areas and urban settlement. Supporters of political parties and candidates used to be seen wearing clothes printed with election symbols of political parties and election candidates.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This time, the EC could ensure a significant change in the publicity campaign. Just 15 days were officially given for the election mass meetings and the door-to-door visit programmes. Election publicity programmes were not extravagant this time as compared to the past.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Former Speaker Subash Nembang said people/voters are questioning the candidates reaching out to them whether they could deliver development projects such as roads and drinking water facility for them. The voters still are still seeking commitments from the potential legislators.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepali Congress leader Pushpa Bhusal said the given time for election publicity was too little this time as per the geography of electoral constituencies. According to her, the parties focused on home visit programmes instead of mass gatherings. &ldquo;This time election glitz was not at the sight, but people are enthusiastic for the voting.&rdquo;&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The model of election publicity has been changed this time with the belief that election costs should be within the limit to promote fair politics. -- RSS</span></span></span></p>
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	(int) 11 => array(
		'Article' => array(
			'id' => '16298',
			'article_category_id' => '1',
			'title' => '‘Don't Allow Big Projects to Import Construction Materials that are Produced within Nepal’',
			'sub_title' => '',
			'summary' => 'November 13: Stakeholders have complained that the domestic industries of Nepal have been affected due to the customs exemption given to big projects with foreign investment for the import of construction materials.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">November 13: Stakeholders have complained that the domestic industries of Nepal have been affected due to the customs exemption given to big projects with foreign investment for the import of construction materials. </span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The industrialists have urged the government to bar big projects from importing construction materials that can be produced within the country. This move, according to the industrialists, will help sustain the domestic industries that produce rods, cement, pipes, and zinc sheets, at a time when they are reeling under crisis due to the impact of Covid-19 pandemic and the current economic crisis.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The government allows the import of building materials with customs exemption for development and construction projects. The industrialists complained that this has affected the domestic producers.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">They said that materials such as cement, rods, pipes and galvanized sheet are used extensively for projects related to hydropower, bridges, roads, and canals, but most of such construction materials are imported from outside. This is a big setback for the domestic market of Nepal.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Stakeholders argue that there is no need to bring such materials from outside when the domestic industry has become self-sufficient in rods and cement. </span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&ldquo;The products of the domestic industries should be used in big projects,&quot; insists Rajesh Kyal, owner of Narayani Ispat.&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Kyal claimed that this measure might provide some relief to the market, which has been affected by the uncomfortable situation after the pandemic. The government allows such projects to import materials with exemption on customs duty and value-added tax.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">According to Dhan Bahadur Baruwal, Chief Customs Officer of Birgunj Customs, the customs exemption is given upon the recommendation of the Ministry of Finance.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Normally, up to 40 per cent customs duty is fixed for the import of such materials, but the big projects pay customs duty of 1 to 2 per at subsidized rate. Such imports do not need value added tax.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Santosh Kumar Neupane, Information Officer of Birgunj Dry Port Customs, informed that 4 to 5 containers of such goods are imported through customs every month. The Ministry of Finance has been giving concessions on the import of construction materials according to the nature of the project.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Businessmen say that domestic industries have been affected as the big projects are allowed to import products such as zinc and galvanized sheet, etc., which are produced in abundance in the country. The industrialists argue that such projects should be supplied with construction materials from the domestic industries.</span></span></p>

<p>&nbsp;</p>
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	(int) 12 => array(
		'Article' => array(
			'id' => '16297',
			'article_category_id' => '1',
			'title' => 'Banks Start Returning the Money Charged to Customers Illegally',
			'sub_title' => '',
			'summary' => 'November 13: Amid pressure from industrialists against the excessive hike in interest rates and service charges by banks and financial institutions, Nepal Rastra Bank has instructed the BFIs to return the renewal fee and premium collected from the debtors against the law.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Nirmala UI&quot;,&quot;sans-serif&quot;">November 13: Amid pressure from industrialists against the excessive hike in interest rates and service charges by banks and financial institutions, Nepal Rastra Bank has instructed the BFIs to return the renewal fee and premium collected from the debtors against the law.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">After the central bank instructed BFIs not to collect any amount against the directive on interest rates, BFIs have reportedly started returning the money to the customers.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;Banks and financial institutions cannot later change the premium rate mentioned while signing the offer letter,&rdquo; said Dr Gunakar Bhatta, spokesperson of NRB, adding, &ldquo;We have found that banks have collected additional interest rate by increasing the premium rate and have therefore instructed them to return such amount.&rdquo; </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">However, he did not have the exact figure of the amount returned by BFIs.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The Unified Directive on Loan Management issued by NRB has a provision under which banks can fix the base rate by adding 0.75 percent profit on their cost incurred and then add a certain percentage of premium rate to determine the interest rate. Although the interest rates of banks increase or decrease automatically when the base rate fluctuates every quarter, the premium rate remains constant.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">As per the directive, banks must clearly mention the premium rate in the offer letter to its customers. The premium rate cannot be increased later. Banks are required to publish the interest rate on&nbsp; deposits as well as the premium rate of loans one day before the start of every new month.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Lately, banks have increased the interest on loan to the new borrowers citing liquidity crunch. In doing so, they also increased the premium rates of old borrowers in order to increase the interest rate. The central bank started looking into the matter after the industrialists as well as general public started protesting against such move of the banks.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) had met the Governor of Nepal Rastra Bank Maha Prasad Adhikari and submitted a memo stating that banks have been collecting&nbsp; interest rates at their whims. They had complained that the banks had increased the interest rate on old loans without informing the borrowers.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The Unified Directive has provision for the banks to inform the customers about any change in interest rate immediately through SMS/email. The borrowers have complained that the banks did not comply with this provision. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Banks have also been found charging renewal fee once a year on term loans. Bhatta said that the central bank has asked for data from banks after receiving complain in this regard and have instructed the banks to return the money if collected against the law.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Although the industrialists had started nation-wide protest against the hike in interest rate, the protest has been deferred until the election upon the request of FNCCI.</span></span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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	(int) 13 => array(
		'Article' => array(
			'id' => '16296',
			'article_category_id' => '1',
			'title' => 'No Permits Required for Essential Service Vehicles on Voting Day   ',
			'sub_title' => '',
			'summary' => 'November 13: The Election Commission (EC) has said that vehicle passes would not be required for the vehicles used for essential services on the voting day.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 13: The Election Commission (EC) has said that vehicle passes would not be required for the vehicles used for essential services on the voting day. The EC has made this arrangement for the convenience of the vehicles used for essential services on the voting day on November 20.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The EC stated that vehicle passes would not be required for ambulances, hearse, fire trucks, water supply tanker, vehicles transporting garbage, milk vans, vehicles used for telecom and cable services and the vehicles carrying doctors, health service workers and employees holding hospital identity cards.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, permits would not be required for vehicles used by media persons bearing the press pass issued by the Department of Information and Broadcasting or the Province Media Registrar&#39;s Office or the Communications Authority under the Province Government or any other regulatory body of similar nature or those media persons bearing identity cards issued by the media houses registered and operating as per the existing laws and listed in the Press Council Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The vehicles, used by election observers and monitors bearing the identity card issued by the EC, the vehicles used for carrying vegetables, fruits and those used for electricity service, vehicles with blue number plate used by diplomatic missions, UN agencies and the officials working in bilateral and multilateral development partner organisations and the vehicles with green number plate used only for carrying foreign tourists, will not require passes.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, passes would not be required for vehicles of security bodies used by the security personnel and the vehicles used by the employees and volunteers deputed for election duty.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The EC has however warned that vehicles used for essential services would not be allowed to carry the voters. -- RSS&nbsp;&nbsp; </span></span></span></p>
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		'Article' => array(
			'id' => '16295',
			'article_category_id' => '1',
			'title' => 'Fresh Quake Rattles Sudurpaschim Province ',
			'sub_title' => '',
			'summary' => 'November 13: An earthquake measuring 5.4 in the Richter scale rocked Sudurpaschim Province at 8:12 last evening (November 12) .',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 13: An earthquake measuring 5.4 magnitude in the Richter scale rocked Sudurpaschim Province at 8:12 last evening (November 12) .</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the National Seismological Monitoring and Research Centre, Surkhet, the epicentre of the quake was located at Patadewal of Bajhang district.&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The earthquake was felt in several districts including Baitadi, Darchula, Dadeldhura, Achham, Kanchanpur, and Kailali.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Police said no loss has been reported so far.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Last week, the Sudurpaschim Province recorded major earthquakes that rattled the entire region on November 9 and 10. The second earthquake of 6.6 in the Richter scale that occurred on November 10 had claimed six lives. The quake was felt as far as New Delhi in India.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The region has witnessed more than 200 aftershocks.</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal Police has been using loud speakers urging local residents of Patadewal to stay outside their houses after the latest earthquake.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the police, last week&rsquo;s tremors had weakened the houses of the locals and hence they were asked to stay outdoors as aftershocks continue to take place.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Sub Inspector Ram Bahadur Bam of Patadewal Police Station said,</span>&ldquo;<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">It is risky to stay inside the same houses after the earthquake on Saturday.</span>&rdquo;&nbsp; -- RSS</span></span><br />
&nbsp;</p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '16309',
			'article_category_id' => '1',
			'title' => 'IIN to promote FDI, Equitable Economic Growth of Nepal   ',
			'sub_title' => '',
			'summary' => 'November 15: The Invest for Impact Nepal (IIN) platform is scaling up its programme to promote investment and equitable economic growth to contribute to social and environmental impact in Nepal.    ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 15: The Invest for Impact Nepal (IIN) platform is scaling up its programme to promote investment and equitable economic growth to contribute to social and environmental impact in Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The scale-up programme will run from November 2022 to August 2025 and builds on initial discovery phase activities such as assessing specific challenges and opportunities for foreign direct investments (FDI) in Nepal, IIN said in a press statement.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&ldquo;The discovery phase also looked into investment opportunities through financial institutions (FIs), Private Equity and Venture Capital (PEVC) funds, and Financial Technology firms,&rdquo; it said.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This group comprising of DFIs and development partners, will complement existing efforts to attract more investments and advance the development of the country by channelling efforts to unlock the possibilities of patient investing, flexible capital to support private sector growth and innovation. The objective is to help solve the biggest development challenges in Nepal, read the statement.&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The IIN&rsquo;s scale-up programme is to accelerate growth, create jobs, and develop a more sustainable economy in Nepal and this will be achieved by enabling FIs and PEVC funds to access resources from DFIs.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">To support the small and medium-sized enterprises, the IIN will enable key investment ecosystem stakeholders including DFIs, DPs, FIs, PEVC Funds, private sector and regulators to participate in market information gathering and others including access to foreign direct investment.&nbsp;&nbsp; &nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Welcoming this partnership, Swiss Ambassador to Nepal Elisabeth von Capeller ensuring that environmental, social, and governance factors are integrated into financial products and transactions remains our core focus.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise Head of Asia at BII Srini Nagarajan said this platform&rsquo;s focus on those intermediaries resonates well with BII&rsquo;s own strategy in emerging markets to deploy patient and flexible capital to boost productive, inclusive and sustainable growth in Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The IIN platform is promoted by Development Finance Institutions (DFIs) of the UK- British International Investment (BII), the Netherlands - Dutch Entrepreneurial Development Bank (FMO) and Nepal&rsquo;s development partner- the Swiss Agency for Development and Cooperation (SDC). -- RSS&nbsp;&nbsp; </span></span></span></p>
',
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			'created' => '2022-11-15',
			'modified' => '2022-11-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16050',
			'image' => '20221115095014_Foreign investment.jpg',
			'article_date' => '2022-11-15 09:49:35',
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		'Article' => array(
			'id' => '16308',
			'article_category_id' => '1',
			'title' => 'Buddha Air to Operate Flights to India from PRIA   ',
			'sub_title' => '',
			'summary' => 'November 15: Buddha Air, one of the leading private airline company of Nepal, has announced to conduct three flights to India from the Pokhara Regional International Airport (PRIA).    ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 15:&nbsp;</span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Buddha Air, one of the leading private carriers of Nepal, is planning to start flights to three destinations in India from Pokhara Regional International Airport. The airlines will operate flight to Benares, Delhi and Dehradun. Pokhara Regional International Airport will come into operation from January in 2023, according to the Civil Aviation Authority of Nepal. </span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&ldquo;Buddha Air will operate the first flight along the Pokhara-Benares-Pokhara route as soon as the airport comes into operation,&rdquo; said an official of Buddha Air. The flight from Pokhara-Benares to Pokhara will be held three times a week on Sundays, Tuesdays and Thursdays.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The Government of Nepal is holding talks with the Indian government for an air traffic route and Buddha Air is preparing for two flights a day to Delhi from Pokhara once the Indian government gives permission for air route and slot, according to Buddha Air. </span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">At present, Buddha Air is operating flights to Beneras from Tribhuvan International Airport. </span></span></span></span></p>
',
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			'created' => '2022-11-15',
			'modified' => '2022-11-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16049',
			'image' => '20221115094046_1668475635.jpg',
			'article_date' => '2022-11-15 09:40:12',
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		'Article' => array(
			'id' => '16307',
			'article_category_id' => '1',
			'title' => 'Consumption of Petroleum Products Falls   ',
			'sub_title' => '',
			'summary' => 'November 14: The consumption of petroleum products in the domestic market of Nepal has gone down lately. ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 14: The consumption of petroleum products in the domestic market of Nepal has gone down lately. According to the Nepal Oil Corporation (NOC), the consumption of petroleum products has significantly decreased in the current fiscal year (FY 2022/23) as compared to the previous year.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Data of the NOC shows that 44,513 kiloliters of petrol and 78426 kiloliters of diesel were consumed between mid-October to mid-November this year compared to 63,315 kiloliters of petrol and 135,812 kiloliters of diesel consumed during the correspondent period of the last fiscal year.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In past, the supply of petroleum products used to increase during festivals and elections, but this time the situation is different, NOC Spokesperson Binitmani Upadhyay said.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Liquidity crunch, unfavorable season for development works, the skyrocketing prices of petroleum products and higher prices in the domestic market compared to the Indian market are among the factors for the decline in fuel consumption.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Higher price of petroleum products in the domestic market may encourage people to fill up their vehicles in Indian cities taking an advantage of the open border between Nepal and India, it has been observed. -- RSS&nbsp;&nbsp; </span></span></span></p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '16048',
			'image' => '20221114052104_petroo - Copy.jpg',
			'article_date' => '2022-11-14 17:20:32',
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		'Article' => array(
			'id' => '16306',
			'article_category_id' => '1',
			'title' => 'Value of Nepalese Currency Rises after US Removes India from its ‘Currency Watchlist’',
			'sub_title' => '',
			'summary' => 'November 14: The value of Nepalese currency has strengthened along with the Indian rupee after the US Department of Treasury removed the Indian Currency from its ‘Currency Watchlist’. ',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">November 14: The value of Nepalese currency has strengthened along with the Indian rupee after the US Department of Treasury removed the Indian Currency from its &lsquo;Currency Watchlist&rsquo;. Analysts say that this trend will continue.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">There is a fixed exchange rate between the Indian and Nepalese currencies. The value of the US dollar in Nepal is determined based on the value of the Indian currency. For this reason, the Nepalese rupee is weak when the INR is weak and vice versa. The exchange rate of the USD in the Nepalese market has dropped from Rs 133 to Rs 129 per dollar after India was removed from the watchlist.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The Indian rupee has strengthened by 2 per cent against the US dollar over the past week. On Friday, the value of Indian currency rose by 1.23 per cent in a single day due to the prospect of the Federal Reserve, the central bank of the US, increasing the interest rate a little more than expected. As of Friday, one dollar was equivalent to INR 80.81. The effect of the removal of INR from the watchlist is yet to be seen as trading in the international currency market is closed on Saturday and Sunday.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Nepal Rastra Bank had fixed the exchange rate for USD 1 at Rs 131.2 on Friday and at Rs 129. 58 for Saturday and Sunday.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Economist Nar Bahadur Thapa said that the removal of the Indian currency from the US currency watchlist has strengthened the Indian currency, and its impact has been felt on the Nepali currency. A weak USD has a positive effect on Nepal&#39;s trade deficit and inflation. The consumers who are facing price hike due to the recent increase in the value of the US dollar will get some relief.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Thapa said that there will be a loss in income form remittance though. As remittances are calculated based on the value of US dollars, more money is received when the dollar is expensive and less money is received when the dollar is cheap.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">After two years, the US has removed India from the list of countries that manipulate the currency market. The US has also removed Italy, Mexico, Thailand and Vietnam from the list. The United States keeps its trade partners in this list based on the practices of any country in the currency market and the overall monetary policy.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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	(int) 4 => array(
		'Article' => array(
			'id' => '16305',
			'article_category_id' => '1',
			'title' => 'Price of Cooking Oil Rises Again',
			'sub_title' => '',
			'summary' => 'November 14: The price of edible oil, which was rising continuously since the Russia-Ukraine tension, had declined during the start of the Dashain and Tihar festivals.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">November 14: The price of edible oil, which was rising continuously since the Russia-Ukraine tension, had declined during the start of the Dashain and Tihar festivals.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">It has once again started to rise after festive season. The price of cooking oil has increased by as much as Rs 50 per litre since Tihar.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">According to the Retail Trade Association, the retail price of cooking oil of every brand has increased by Rs 20 to Rs 50 per litre since Tihar. The price of soybean oil, which was &nbsp;Rs 240 per litre during Dashain, has now reached Rs 280. Likewise, the price of mustard oil has now reached Rs 340 from Rs 320 per litre. Similarly, the price of sunflower has climbed to Rs 300 from Rs 250.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Industrialists say that the price of oil may increase for some time. Subodh Kumar Gupta, president of Nepal Pulses, Rice and Oil Association, said that there is no possibility of an immediate price reduction or stabilization as there is no improvement in the international market.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">He said that there are indications that the price may increase further due to the inability to produce raw materials for a long time due to the Russia-Ukraine tension. According to him, the price of oil in the world market is likely to be affected for the next two years due to the war.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Small and retail traders are not ready to accept the argument of the industrialists and wholesalers over the rise in oil prices. They allege that the industrialists have arbitrarily increased the price of oil due to the upcoming elections.&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Amulkaji Tuladhar, general secretary of the Retail Trade Union, said that as big industrialists and businessmen donate large amount of money to the party leaders during elections, it has affected food prices</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&ldquo;If the problem was due to lack of raw materials and increase in value of dollar, how can the prices that dropped before Dashain rise in such a short span?&rdquo; questioned Tuladhar.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&ldquo;Wasn&rsquo;t there scarcity of raw materials before Dashain? Another issue is that there is no need to increase the price of oil sharply when the value of dollar has increased by only a few rupees,&rdquo; added Tuladhara.</span></span></p>

<p>&nbsp;</p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

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<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&nbsp;</span></span></p>

<p>&nbsp;</p>
',
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		'Article' => array(
			'id' => '16304',
			'article_category_id' => '1',
			'title' => 'Permanent Account Numbers Issued to More than 5 Million People',
			'sub_title' => '',
			'summary' => 'November 14: More than 5 million people have acquired Permanent Account Number (PAN) in Nepal so far.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">November 14: More than 5 million people have acquired Permanent Account Number (PAN) in Nepal so far. According to the latest data published by the Ministry of Finance, almost 200,000 people have come under the purview of tax in the last three months. Among them, most of the people have acquired personal PAN cards.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the ministry, a total of 198,087 individuals acquired PAN cards in the first quarter of the current fiscal year (mid-July to mid-October). Among them, 148,773 individuals have acquired personal PAN cards. During this period, 46,001 commercial/business PAN cards were issued by the Inland Revenue Department.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Similarly, 7207 new taxpayers in Value Added Tax category and 4717 new taxpayers in excise duty section have been added in the review period.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the Finance Minister, the total number of people registered under personal PAN category has reached 3,199,077. Likewise, 1,808,414 individuals have acquired business PAN cards so far in the country. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The Inland Revenue Department has made it mandatory for foreign nationals to submit details of PAN cards and tax clearance certificate in order to renew their work permit or visa. It is also mandatory to submit the details of PAN cards for any individual who wants to purchase a four-wheeler. The department has already implemented the arrangement to issue PAN cards to individuals along with the citizenship certificates and national ID cards. The new provisions intend to increase the number of taxpayers.</span></span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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	(int) 6 => array(
		'Article' => array(
			'id' => '16303',
			'article_category_id' => '1',
			'title' => 'The Bamboo Series Focuses on Building Resilient Businesses',
			'sub_title' => '',
			'summary' => 'November 14: The Change Initiative by Net Consortium has kicked off with the objective to address the challenges faced by businessmen and entrepreneurs during and after disasters.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">November 14: The Change Initiative by Net Consortium has kicked off with the objective to address the challenges faced by businessmen and entrepreneurs during and after disasters. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">Three organizations - National Disaster Risk Reduction Center (NDRC), EMERGE, and Tangent Waves have come together to build resilient and inclusive businesses under this initiative.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">As part of the programme, an online discussion entitled The Bamboo Series was held on November 10.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">According to the organisers, the event was held to discuss, debate, and deliver solutions to build resilient and inclusive businesses.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">&ldquo;The Bamboo Series hopes to mainstream the Disaster Risk Reduction Management (DRRM) conversation about the private sector, which is usually ignored when policies and actions are made,&rdquo; reads a statement&nbsp; issued by the organisers.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">Participants of the event&nbsp; agreed to collaborate with each other to take this discussion forward. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Arial,&quot;sans-serif&quot;"><span style="font-family:&quot;Gill Sans&quot;">The next event in the series will be held on November 22 on the topic &lsquo;Are businesses prepared for disasters?&rsquo;</span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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			'sortorder' => '16044',
			'image' => '20221114124855_bamboo series.jpg',
			'article_date' => '2022-11-14 12:48:11',
			'homepage' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '16302',
			'article_category_id' => '1',
			'title' => 'Price of Gold Drops Slightly',
			'sub_title' => 'The Precious Yellow Metal Being Traded at Rs 97,200 per Tola Today',
			'summary' => 'November 14: The price of gold has dropped by Rs 100 per tola (11. 66 grams approx) on Monday as compared to the previous trading day.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 14: The price of gold has dropped by Rs 100 per tola (11. 66 grams approx) on Monday as compared to the previous trading day.&nbsp;</span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the Federation of Nepal Gold and Silver Dealers Association, fine gold is being traded at Rs 97,200 per tola today (November 14).&nbsp; &nbsp;&nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, the price of worked gold has also decreased by Rs 100 per tola to Rs 96,700 from Rs 96,800 per tola the previous trading day.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, the price of silver has been fixed at Rs 1,295 per tola, a decrease of Rs 5 per tola compared to the previous trading day.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span></p>

<p><br />
<span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">&nbsp; </span></span></p>
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			'published' => true,
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			'sortorder' => '16043',
			'image' => '20221114121204_gold.jpg',
			'article_date' => '2022-11-14 12:11:15',
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	(int) 8 => array(
		'Article' => array(
			'id' => '16301',
			'article_category_id' => '1',
			'title' => 'Four Days Left for Election Campaigning   ',
			'sub_title' => '',
			'summary' => 'November 14: Only four days remain for the political parties and candidates to carry out election campaigns for the upcoming polls to the House of Representatives and Provincial Assembly taking place on November 20.   ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 14: Only four days remain for the political parties and candidates to carry out election campaigns for the upcoming polls to the House of Representatives and Provincial Assembly taking place on November 20.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Section 13 of the Election Code of Conduct has determined November 3 to 17 as the dates for running the election campaign, rallies, mass assembly, corner assembly, meeting, gathering by political parties, candidates, the parties&#39; sister organisations and related people.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The so-called election silence period starts from November 17 midnight and election campaigning is barred thereafter.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The Election Commission has stated that action will be taken against the candidates who violate the Election Code of Conduct. -- RSS&nbsp;&nbsp; </span></span></span></p>
',
			'published' => true,
			'created' => '2022-11-14',
			'modified' => '2022-11-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16042',
			'image' => '20221114111657_EC.jpg',
			'article_date' => '2022-11-14 11:16:24',
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	(int) 9 => array(
		'Article' => array(
			'id' => '16300',
			'article_category_id' => '1',
			'title' => 'Possibility of Light Rain and Snowfall   ',
			'sub_title' => '',
			'summary' => 'November 13: There is likelihood of light rain and snowfall in the next two to three days due to the influence of the Westerly wind, the Meteorological Forecasting Division under the Department of Hydrology and Meteorology said.    ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 13: There is likelihood of light rain and snowfall in the next two to three days due to the influence of the Westerly wind, the Meteorological Forecasting Division under the Department of Hydrology and Meteorology said.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Meteorologist at the division, Heera Bhattarai, said that light rain and snowfall is likely to occur today (Sunday), Monday and Tuesday due to the impact of the Westerly wind. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&quot;Cold will increase as mercury will dip due to snowfall and this might have general impact on life,&quot; said Bhattarai, adding that the weather will be affected somewhat from this evening and more impact would be felt in the western parts of the country.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The likelihood of rain and snowfall is more in Sudurpaschim and Karnali provinces, according to the division. Similarly, light rain will take place in Province 1, Gandaki Province, Sudurpaschim Province and Karnali Province with chances of light snowfall in the high mountain region of these provinces.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The weather bulletin published by the division states that there is possibility of light rain at one or two places of the hill region of Province 1 today. Light snowfall is likely in some places of the mountainous region of Province 1 and Gandaki Province.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, there is possibility of light snowfall at one or two places of the mountainous region of Gandaki Province, Karnali Province and Sudurpascbhhim Province tonight.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">There are chances of light rainfall at one or two places of the hill areas of Province 1, Gandaki Province, Karnali Province and Sudurpaschim Province on Monday. Light snowfall is predicted in a few places of the mountainous region of Sudurpaschim Province and Karnali Province on Monday, the division added. -- RSS&nbsp;&nbsp; </span></span></span></p>
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			'sortorder' => '16041',
			'image' => '20221113054332_weatherrrr.jpg',
			'article_date' => '2022-11-13 17:42:55',
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	(int) 10 => array(
		'Article' => array(
			'id' => '16299',
			'article_category_id' => '1',
			'title' => 'Election Activities up as November 20 Voting Just Around the Corner',
			'sub_title' => '',
			'summary' => 'November 13: Election activities have intensified across the country as the November 20 voting to the House of Representatives and the Province Assembly is fast approaching.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 13: Election activities have intensified across the country as the November 20 voting to the House of Representatives and the Province Assembly is fast approaching. Election-related activities and campaigns have shot up, and candidates are reaching out to voters with their respective party&#39;s election manifesto.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Election campaigns have been done in a thrifty and careful way, claimed Shaligram Sharma, spokesperson for the Election Commission.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This time, the election code of conduct has been strictly implemented as compared to the past elections, he maintained. </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&quot;The code of conduct has a provision that bars extravagant election expenditure. As a result of the strict implementation of the election code of conduct, the distribution of election-related pamphlets and banners, election rallies and assemblies have significantly gone down. But, election has remained in the heart and mind of voters, and election ambiance has not gone down,&quot; said Sharma.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Lately, elections are becoming decent with the political parties, candidates, voters and democracy growing matured, said CPN (UML) leader Subas Nembang.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&quot;There has been drastic changes in elections campaigns in a bid to make them economical with consultations between political parties and the EC,&quot; he said.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The elections are being held for a total 275 HoR members, and 550 Provincial Assembly members. There are a total of 17,988, 570 eligible voters.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Scenes in the previous elections used to be different. In the past, there used to be massive display of banners and pasting of pamphlets in market areas and urban settlement. Supporters of political parties and candidates used to be seen wearing clothes printed with election symbols of political parties and election candidates.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This time, the EC could ensure a significant change in the publicity campaign. Just 15 days were officially given for the election mass meetings and the door-to-door visit programmes. Election publicity programmes were not extravagant this time as compared to the past.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Former Speaker Subash Nembang said people/voters are questioning the candidates reaching out to them whether they could deliver development projects such as roads and drinking water facility for them. The voters still are still seeking commitments from the potential legislators.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepali Congress leader Pushpa Bhusal said the given time for election publicity was too little this time as per the geography of electoral constituencies. According to her, the parties focused on home visit programmes instead of mass gatherings. &ldquo;This time election glitz was not at the sight, but people are enthusiastic for the voting.&rdquo;&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The model of election publicity has been changed this time with the belief that election costs should be within the limit to promote fair politics. -- RSS</span></span></span></p>
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	(int) 11 => array(
		'Article' => array(
			'id' => '16298',
			'article_category_id' => '1',
			'title' => '‘Don't Allow Big Projects to Import Construction Materials that are Produced within Nepal’',
			'sub_title' => '',
			'summary' => 'November 13: Stakeholders have complained that the domestic industries of Nepal have been affected due to the customs exemption given to big projects with foreign investment for the import of construction materials.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">November 13: Stakeholders have complained that the domestic industries of Nepal have been affected due to the customs exemption given to big projects with foreign investment for the import of construction materials. </span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The industrialists have urged the government to bar big projects from importing construction materials that can be produced within the country. This move, according to the industrialists, will help sustain the domestic industries that produce rods, cement, pipes, and zinc sheets, at a time when they are reeling under crisis due to the impact of Covid-19 pandemic and the current economic crisis.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The government allows the import of building materials with customs exemption for development and construction projects. The industrialists complained that this has affected the domestic producers.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">They said that materials such as cement, rods, pipes and galvanized sheet are used extensively for projects related to hydropower, bridges, roads, and canals, but most of such construction materials are imported from outside. This is a big setback for the domestic market of Nepal.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Stakeholders argue that there is no need to bring such materials from outside when the domestic industry has become self-sufficient in rods and cement. </span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">&ldquo;The products of the domestic industries should be used in big projects,&quot; insists Rajesh Kyal, owner of Narayani Ispat.&nbsp;</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Kyal claimed that this measure might provide some relief to the market, which has been affected by the uncomfortable situation after the pandemic. The government allows such projects to import materials with exemption on customs duty and value-added tax.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">According to Dhan Bahadur Baruwal, Chief Customs Officer of Birgunj Customs, the customs exemption is given upon the recommendation of the Ministry of Finance.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Normally, up to 40 per cent customs duty is fixed for the import of such materials, but the big projects pay customs duty of 1 to 2 per at subsidized rate. Such imports do not need value added tax.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Santosh Kumar Neupane, Information Officer of Birgunj Dry Port Customs, informed that 4 to 5 containers of such goods are imported through customs every month. The Ministry of Finance has been giving concessions on the import of construction materials according to the nature of the project.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Businessmen say that domestic industries have been affected as the big projects are allowed to import products such as zinc and galvanized sheet, etc., which are produced in abundance in the country. The industrialists argue that such projects should be supplied with construction materials from the domestic industries.</span></span></p>

<p>&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '16039',
			'image' => '20221113035229_cement rod.jpg',
			'article_date' => '2022-11-13 15:51:53',
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	(int) 12 => array(
		'Article' => array(
			'id' => '16297',
			'article_category_id' => '1',
			'title' => 'Banks Start Returning the Money Charged to Customers Illegally',
			'sub_title' => '',
			'summary' => 'November 13: Amid pressure from industrialists against the excessive hike in interest rates and service charges by banks and financial institutions, Nepal Rastra Bank has instructed the BFIs to return the renewal fee and premium collected from the debtors against the law.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Nirmala UI&quot;,&quot;sans-serif&quot;">November 13: Amid pressure from industrialists against the excessive hike in interest rates and service charges by banks and financial institutions, Nepal Rastra Bank has instructed the BFIs to return the renewal fee and premium collected from the debtors against the law.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">After the central bank instructed BFIs not to collect any amount against the directive on interest rates, BFIs have reportedly started returning the money to the customers.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;Banks and financial institutions cannot later change the premium rate mentioned while signing the offer letter,&rdquo; said Dr Gunakar Bhatta, spokesperson of NRB, adding, &ldquo;We have found that banks have collected additional interest rate by increasing the premium rate and have therefore instructed them to return such amount.&rdquo; </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">However, he did not have the exact figure of the amount returned by BFIs.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The Unified Directive on Loan Management issued by NRB has a provision under which banks can fix the base rate by adding 0.75 percent profit on their cost incurred and then add a certain percentage of premium rate to determine the interest rate. Although the interest rates of banks increase or decrease automatically when the base rate fluctuates every quarter, the premium rate remains constant.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">As per the directive, banks must clearly mention the premium rate in the offer letter to its customers. The premium rate cannot be increased later. Banks are required to publish the interest rate on&nbsp; deposits as well as the premium rate of loans one day before the start of every new month.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Lately, banks have increased the interest on loan to the new borrowers citing liquidity crunch. In doing so, they also increased the premium rates of old borrowers in order to increase the interest rate. The central bank started looking into the matter after the industrialists as well as general public started protesting against such move of the banks.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) had met the Governor of Nepal Rastra Bank Maha Prasad Adhikari and submitted a memo stating that banks have been collecting&nbsp; interest rates at their whims. They had complained that the banks had increased the interest rate on old loans without informing the borrowers.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The Unified Directive has provision for the banks to inform the customers about any change in interest rate immediately through SMS/email. The borrowers have complained that the banks did not comply with this provision. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Banks have also been found charging renewal fee once a year on term loans. Bhatta said that the central bank has asked for data from banks after receiving complain in this regard and have instructed the banks to return the money if collected against the law.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Although the industrialists had started nation-wide protest against the hike in interest rate, the protest has been deferred until the election upon the request of FNCCI.</span></span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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	(int) 13 => array(
		'Article' => array(
			'id' => '16296',
			'article_category_id' => '1',
			'title' => 'No Permits Required for Essential Service Vehicles on Voting Day   ',
			'sub_title' => '',
			'summary' => 'November 13: The Election Commission (EC) has said that vehicle passes would not be required for the vehicles used for essential services on the voting day.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 13: The Election Commission (EC) has said that vehicle passes would not be required for the vehicles used for essential services on the voting day. The EC has made this arrangement for the convenience of the vehicles used for essential services on the voting day on November 20.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The EC stated that vehicle passes would not be required for ambulances, hearse, fire trucks, water supply tanker, vehicles transporting garbage, milk vans, vehicles used for telecom and cable services and the vehicles carrying doctors, health service workers and employees holding hospital identity cards.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, permits would not be required for vehicles used by media persons bearing the press pass issued by the Department of Information and Broadcasting or the Province Media Registrar&#39;s Office or the Communications Authority under the Province Government or any other regulatory body of similar nature or those media persons bearing identity cards issued by the media houses registered and operating as per the existing laws and listed in the Press Council Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The vehicles, used by election observers and monitors bearing the identity card issued by the EC, the vehicles used for carrying vegetables, fruits and those used for electricity service, vehicles with blue number plate used by diplomatic missions, UN agencies and the officials working in bilateral and multilateral development partner organisations and the vehicles with green number plate used only for carrying foreign tourists, will not require passes.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, passes would not be required for vehicles of security bodies used by the security personnel and the vehicles used by the employees and volunteers deputed for election duty.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The EC has however warned that vehicles used for essential services would not be allowed to carry the voters. -- RSS&nbsp;&nbsp; </span></span></span></p>
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	(int) 14 => array(
		'Article' => array(
			'id' => '16295',
			'article_category_id' => '1',
			'title' => 'Fresh Quake Rattles Sudurpaschim Province ',
			'sub_title' => '',
			'summary' => 'November 13: An earthquake measuring 5.4 in the Richter scale rocked Sudurpaschim Province at 8:12 last evening (November 12) .',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">November 13: An earthquake measuring 5.4 magnitude in the Richter scale rocked Sudurpaschim Province at 8:12 last evening (November 12) .</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the National Seismological Monitoring and Research Centre, Surkhet, the epicentre of the quake was located at Patadewal of Bajhang district.&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The earthquake was felt in several districts including Baitadi, Darchula, Dadeldhura, Achham, Kanchanpur, and Kailali.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Police said no loss has been reported so far.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Last week, the Sudurpaschim Province recorded major earthquakes that rattled the entire region on November 9 and 10. The second earthquake of 6.6 in the Richter scale that occurred on November 10 had claimed six lives. The quake was felt as far as New Delhi in India.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The region has witnessed more than 200 aftershocks.</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepal Police has been using loud speakers urging local residents of Patadewal to stay outside their houses after the latest earthquake.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the police, last week&rsquo;s tremors had weakened the houses of the locals and hence they were asked to stay outdoors as aftershocks continue to take place.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Sub Inspector Ram Bahadur Bam of Patadewal Police Station said,</span>&ldquo;<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">It is risky to stay inside the same houses after the earthquake on Saturday.</span>&rdquo;&nbsp; -- RSS</span></span><br />
&nbsp;</p>

<p>&nbsp;</p>
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			'created' => '2022-11-13',
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			'sortorder' => '16036',
			'image' => '20221113120329_GM_Doti-1.jpg',
			'article_date' => '2022-11-13 12:02:53',
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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)

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Fine Gold	1 tola	77000.00
Tejabi Gold	1 tola	76700.00
Silver	1 tola	720.00

Update : 2020-03-25

Source: Federation of Nepal Gold and Silver Dealers' Association

Petroleum

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