November 13: Nepal Airlines Corporation (NAC) is preparing to operate international flights from Bhairahawa-based Gautam Buddha International Airport.…
November 13: Nepal Airlines Corporation (NAC) is preparing to operate international flights from Bhairahawa-based Gautam Buddha International Airport.…
November 12: At least one billion dollars of customer funds have vanished from collapsed crypto exchange FTX, Reuters reported citing people familiar with the…
November 12: Almost all the political parties are scrambling to woo the voters ahead of the November 20 election to the House of Representatives and Provincial…
November 11: Tens of thousands of nurses in the United Kingdom will go on strike for the first time demanding better pay as the cost of living soars, Al Jazeera reported on…
November 11: The Nepal Tourism Board insists that the World Travel Market (WTM) programme held in London will be helpful in the revival of Nepal’s tourism sector.…
November 11: The problems in the secondary market related to share transactions of companies opting for merger or acquisition has come finally to an…
November 11: The Election Commission (EC) has issued a six-point directive for political parties to publish and disseminate their election publicity materials for the upcoming…
November 11: Contributors of Social Security Fund have had to suffer from a wrong message circulated on its…
November 11: The government has banned the imports of vehicles in a bid to save foreign exchange reserves.…
November 11: Nepal Chamber of Commerce (NCC) has urged its district and municipal chapters to postpone their ongoing agitation against the interest rate increased by banks and financial institutions until the November 20 elections are…
November 10: The National Planning Commission (NPC) has advised the government to develop a separate committee to deal with the issues related to arrears and find an effective way for its…
November 10: The Embassy of Switzerland in Kathmandu together with Switzerland Global Enterprise (S-GE) and Nepal Swiss Chamber of Commerce and Industries (NSCCI) successfully concluded a first of its kind Swiss business delegation trip to Nepal from November 7 to 9.…
November 10: Industrialists of Nepal and Singapore have reached an understanding to cooperate with each other for joint investment and technology…
November 10: Security agencies have stepped up surveillance in view of the parliamentary elections due in 10…
November 10: The Federation of Nepalese Commerce and Industry (FNCCI), the umbrella organization of the private sector of Nepal, has expressed solidarity with the agitating industrialists who have been protesting across the country over hike in interest…
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', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 13: Nepal Airlines Corporation (NAC) is preparing to operate international flights from Bhairahawa-based Gautam Buddha International Airport. NAC Spokesperson Archana Khadka told the state-owned national news agency RSS that preparations are underway to operate international flights from Gautam Buddha Airport by the end of December. <br /> The national flag carrier of Nepal has formed committee under the coordination of Commerce Director of NAC, Janakraj Kalakheti, to conduct a study in this regard, RSS reported. <br /> "Preparations are underway to operate international flights by the end of this December. The NAC board will finalize the destinations after the study committee submits its report," RSS quoted Khadka as saying. <br /> Jazeera Airlines is the first airlines to operate flights from GBIA since the airport officially came into operation on May </span><span style="font-family:"Arial Unicode MS","sans-serif"">16 this year. The airline company been operating three flights a week between Kuwait and Gautam Buddha International Airport. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Himalaya Airlines has been operating regular chartered flights to Kuala Lumpur of Malaysia from Gautam Buddha International Airport since November 3. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Civil Aviation Authority of Nepal has urged in written to five international airliners as well as Nepal Airlines and Himalaya Airlines to operate flights from the newly launched airport. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Currently, NAC has been conducting flights to 10 destinations of eight countries across the world. It has two wide-body and two narrow-body aircraft for international flights. </span></span></span><br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-13', 'modified' => '2022-11-13', 'keywords' => '', 'description' => '', 'sortorder' => '16035', 'image' => '20221113111754_NAC.jpg', 'article_date' => '2022-11-13 11:17:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16293', 'article_category_id' => '1', 'title' => 'At Least $1 Billion of Client Funds Missing at Failed Crypto Firm FTX', 'sub_title' => '', 'summary' => 'November 12: At least one billion dollars of customer funds have vanished from collapsed crypto exchange FTX, Reuters reported citing people familiar with the matter.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 12: At least one billion dollars of customer funds have vanished from collapsed crypto exchange FTX, Reuters reported citing people familiar with the matter.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the news agency, the exchange's founder Sam Bankman-Fried secretly transferred US$10 billion of customer funds from FTX to Bankman-Fried's trading company Alameda Research.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A large portion of that total has since disappeared, Reuters said referring to information provided by two people familiar with the matter. One source put the missing amount at about $1.7 billion. The other said the gap was between $1 billion and $2 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">While it is known that FTX moved customer funds to Alameda, the missing funds are reported here for the first time, Reuters said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The financial hole was revealed in records that Bankman-Fried shared with other senior executives last Sunday, according to the two sources. Reuters reported that both sources held senior FTX positions until this week and said they were briefed on the company's finances by top staff.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Bahamas-based FTX filed for bankruptcy on Friday after a rush of customer withdrawals earlier this week. A rescue deal with rival exchange Binance fell through, precipitating crypto’s highest-profile collapse in recent years.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At the heart of FTX's problems were losses at Alameda that most FTX executives did not know about, Reuters reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the news agency, customer withdrawals had surged last Sunday after Changpeng Zhao, CEO of giant crypto exchange Binance, said Binance would sell its entire stake in FTX's digital token, worth at least $580 million, "due to recent revelations." Four days before, news outlet CoinDesk reported that much of Alameda's $14.6 billion in assets were held in the token.</span></span></p> ', 'published' => true, 'created' => '2022-11-12', 'modified' => '2022-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '16034', 'image' => '20221112100220_Cryptoshutterstock_1434643079.jpg', 'article_date' => '2022-11-12 10:01:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16292', 'article_category_id' => '1', 'title' => 'Parties Coming Up with Stale Agendas for Fresh Elections ', 'sub_title' => '', 'summary' => 'November 12: Almost all the political parties are scrambling to woo the voters ahead of the November 20 election to the House of Representatives and Provincial Assembly. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 12: Almost all the political parties are scrambling to woo the voters ahead of the November 20 election to the House of Representatives and Provincial Assembly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They are primarily raising issues related to political stability, good governance, prosperity and law and order in course of their election campaigns. However, these issues figured in the election agenda of the parties in the last elections as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The political parties have also included in their election manifestos topics like protection of nationalism, national sovereignty, building a self-reliant economy, increasing employment, infrastructure development, citizenship and issues related to religion and culture. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In this connection, the Nepalka Lagi Nepali (Nepalis for Nepal) Party has vociferously raised the issues of curbing corruption and promotion of the 'Prithvipath' and 'Nepalwad'. According to this party, Prithvipath is the principles propounded by King Prithvi Narayan Shah, the unifier of modern Nepal, and Nepalwad is the policy of Nepal first, said the party president Bal Krishna Neupane. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepalka Lagi Nepali Party's election symbol is the 'conch'. The party has fielded 110 candidates under the first-past-the-post (FPTP) and the proportional electoral system. Moreover, the party has prioritized issues like investigating the assets of persons holding high public posts from the time of Panchayat system till present, adoption of a directly-elected prime minister, restoration of monarchical system and barring the legislators from becoming ministers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Some of the political parties have highlighted issues such as deteriorating economy, external interference in national affairs, establishing social justice and self-reliance, addressing the problems of women, children and senior citizens, and that of education, health and social security, in their election manifestos. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nagarik Unmukti Party (Citizen Liberation Party) led by Ranjita Shrestha has primarily highlighted topics like the nation's development, identity, good governance, prosperity and inclusive identity in its manifesto. This party has fielded 85 candidacies for the House of Representatives and 137 candidacies for the Provincial Assembly member election. It has been advocating for a directly-elected president or prime minister. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Kirant Khumbuwan Sajha Party has fielded only one candidate for the House of Representatives and 15 candidates for Provincial Assembly in the FPTP system and 15 for the proportional representation seats. The party with the election symbol of 'Dhaka cap’ has voiced for naming Province 1 as the Kirant Province, smooth supply of drinking water in Dharan, corruption control and addressing the burning problems in the education and health sectors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The party has also advocated for adopting a directly-elected prime minister and fully-proportional election system for institutionalizing political stability in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Tamang Shaling Loktantrik Party with the 'Vajra' as its election symbol has fielded one candidate for the House of Representatives election and 20 candidates for the Provincial Assembly, said party chairperson Simang Tamang. The party has been demanding reforms in the election system to make it less costly and adoption of a fully-proportional election system where the candidates are selected based on the population of the ethnic groups. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Miteri Party Nepal with election symbol ‘Horse' has called for redrawing the new administrative map of the country into five development regions and restoration of constitutional monarchy, said the party president Ghanendra Basnet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal Bibeksheel Party has fielded only two candidacies for House of Representatives. The party with election symbol the 'Dog Face' has advocated for extensive reforms in the present form of governance and election system, according to party president Karma Lama. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Mangol National Organisation with its election symbol ‘rooster' is contesting the election to 238 seats for House of Representatives and Province Assembly from 50 districts, shared the party president Buddha Lal Meche. This party's main election agenda are democracy, secularism, federalism and the protection of rights and existence of the indigenous people. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Sanghiya Lokatantrik Rastriya Manch (Federal Democratic National Forum)'s chairperson Kumar Lingden said his party has fielded candidacies in 86 electoral constituencies in six provinces in this election. Federalism with identity, removal of the present minimum vote threshold for parties and empowerment of the provinces are the key issues the party has been advocating for. Its election symbol is 'Khukuri with the Sheath'. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Bahujan Ekata Party Nepal has kept equality, independence, self-respect and prosperity as its top priorities. The party's election symbol is the 'Seven-step Stairs'. It has fielded 34 candidates towards the FPTP and 49 candidates towards the proportional representation system of election. The party is for adopting a governance system where either the president or the prime minister is directly elected by the people. It has also been advocating for adopting a fully proportional election system along with reservation quotas for the ethnic groups. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is found that the election candidates are also putting forth the same old ideas like maintaining law and order, good governance, easing the supply of fertiliser, providing irrigation and expanding road networks, among other promises. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-12', 'modified' => '2022-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '16033', 'image' => '20221112095016_NA_Chitwan-IMG_2752.jpg', 'article_date' => '2022-11-12 09:49:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16291', 'article_category_id' => '1', 'title' => 'Nurses in UK to go on Strike for First Time in History', 'sub_title' => '', 'summary' => 'November 11: Tens of thousands of nurses in the United Kingdom will go on strike for the first time demanding better pay as the cost of living soars, Al Jazeera reported on Thursday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 11: Tens of thousands of nurses in the United Kingdom will go on strike for the first time demanding better pay as the cost of living soars, Al Jazeera reported on Thursday.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to the Gulf news portal said citing the Royal College of Nursing (RCN) that nurses at most of the state-run National Health Service (NHS) across the country have voted for the action.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The RCN, which has more than 300,000 members, said industrial action would begin before the end of the year, after the first vote on strike action in its 106-year-old history, Al Jazeera further reported.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">“Anger has become action – our members are saying enough is enough,” Al Jazeera quoted RCN General Secretary Pat Cullen as saying. “This action will be as much for patients as it is for nurses. Standards are falling too low.”</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to Al Jazeera, NHS nurses have seen their salaries drop by up to 20 percent in real terms over the last 10 years, leaving members struggling to feed their families and pay their bills, the RCN has said.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">NHS reportedly said in September nurses were skipping meals to feed and clothe their children and were struggling to afford rising transport costs.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">It may be noted that the Government of Nepal had signed a bilateral agreement with the UK in August with the aim of securing highly-paid jobs for Nepali youths in the UK, especially in the healthcare sector.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The MoU has pledged that the Nepali healthcare professional will receive equal rights, privileges, protections and dignity as health professionals from the UK, the state-owned national news agency of Nepal RSS reported.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to the RSS, Nepali citizens aged between 20 and 45 years holding a valid Nepali passport can file application. The applicant should have an active professional license from the Nepal Nursing Council and at least two years of experience in a registered hospital in Nepal. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Meanwhile, Al Jazeera reported that the UK has seen a wave of industrial unrest this year across industries from railways to the law as pay fails to keep up with inflation, running at 10 percent, and surging energy costs.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16032', 'image' => '20221111050902_0_A-nurse-holds-a-placard-demanding-fair-pay-rise-from-the.jpg', 'article_date' => '2022-11-11 17:08:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16290', 'article_category_id' => '1', 'title' => 'World Travel Market in UK will Help Revitalize Nepal's Tourism: NTB', 'sub_title' => '', 'summary' => 'November 11: The Nepal Tourism Board insists that the World Travel Market (WTM) programme held in London will be helpful in the revival of Nepal’s tourism sector. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 11: The Nepal Tourism Board insists that the World Travel Market (WTM) programme held in London will be helpful in the revival of Nepal’s tourism sector. The board said that the event, considered to be the world's largest tourism fair, will help the private sector in renewing old business contacts and expanding new contacts in tourism.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Dhananjay Regmi, chief executive officer of the Nepal Tourism Board, said that Nepal's participation in the fair organized after the Covid-19 pandemic is beneficial for the tourism sector. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"Nepal has been participating in various tourism promotion programmes organized at the international level after the Covid-19," said Regmi, adding that this will help in promoting tourism in post-Covid Nepal in many ways.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">WTM was attended by all types of international tourism organizations, ministries of tourism, travel agents, tour operators, hoteliers, travel tech companies, airliners, adventure sports companies, etc. Also, bloggers, tourism market consultants and tourism experts exhibited their products at the WTM.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Likewise, Nepal’s stall at the WTM was visited by tourism professionals, marketing consultants, media, tour operators and others from different countries, including the UK. British mountaineers and adventurers Sir Chris Bonington and Alan Hicks recalled their climbing experience in Nepal and urged all the British people to visit Nepal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">More than 100 British travel and tour operators and British climbers participated in the event. A total of 24 travel and tourism-related companies from Nepal participated at the WTM under the leadership of the Nepal Tourism Board. Nepal’s stall at the WTM was inaugurated on Monday by the Nepalese ambassador to the UK, Gyan Chandra Acharya.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16031', 'image' => '20221111043446_tournba.jpg', 'article_date' => '2022-11-11 16:34:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16289', 'article_category_id' => '1', 'title' => 'Suspension of Share Transaction of Merging Companies to Remain in Force for 15 Days', 'sub_title' => '', 'summary' => 'November 11: The problems in the secondary market related to share transactions of companies opting for merger or acquisition has come finally to an end.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 11: The problems in the secondary market related to share transactions of companies opting for merger or acquisition has come finally to an end. The months-long suspension of share transactions of companies opting for merger or acquisition has come to an end after the Securities Board of Nepal started implementing the Guidelines for Merger/Acquisition of Organised Institutions 2079 effective from November 10. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">At present, the share transactions of 34 companies have been suspended because they are in the process of merger or acquisition.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Since the implementation of the new guidelines, the transactions of shares other than preference share will be allowed in case if a company decides for merger.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the new guidelines, such companies need to submit applications to the Nepal Stock Exchange (NEPSE) and Central Depository and Settlement Corporation Limited (CDSC) seeking approval for transaction of shares other than preference shares. Based on the application, NEPSE and CDSC can make arrangements to immediately lift the suspension on share transactions other than preference shares. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Chairman of the Securities Board of Nepal Ramesh Kumar Hamal said that they succeeded in implementing the new guidelines after relentless efforts. According to Hamal, the new guidelines issued so that the shares of the companies would not have to be suspended for a long time.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the new provision, the share transaction of the companies will be suspended for a maximum of 15 after they start integrated transaction following the completion of all the necessary processes of merger or acquisition. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Hamal further said that the companies opting for merger or acquisition have to complete the process within six months of signing the agreement. If they fail to complete the merger process, the board members will be held accountable. However, Hamal clarified that the six month deadline will not be applicable for the companies that were in the merger process before the guidelines were implemented.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">At present, the maximum number of companies that have initiated the process of merger or acquisition are insurance companies. A total of 16 insurance companies, 8 commercial banks and 10 microfinance companies have initiated the process of merger or acquisition.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16030', 'image' => '20221111042115_20220622042335_share.jpg', 'article_date' => '2022-11-11 16:20:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16288', 'article_category_id' => '1', 'title' => 'EC Issues Directives Regarding Online Dissemination of Election Publicity Materials ', 'sub_title' => '', 'summary' => 'November 11: The Election Commission (EC) has issued a six-point directive for political parties to publish and disseminate their election publicity materials for the upcoming elections. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 11: The Election Commission (EC) has issued a six-point directive for political parties to publish and disseminate their election publicity materials for the upcoming elections. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The election to the member of House of Representatives and Province Assembly is being held on November 20 in a single phase throughout the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">EC spokesperson Shaligram Sharma Poudel said that political parties and the candidates can carry out election canvassing on online media registered with the Department of Information and Broadcasting and enlisted with the Press Council Nepal as per the Election Code of Conduct, 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the decision, political parties and candidates will be allowed to disseminate visual materials related to their election campaigning through online media for a maximum of one minute. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the political parties can also disseminate election publicity materials on online media of private sector as banner, detailed page banner, box advertisement, roadblock, content block as well as the homepage. However, it should be indicated on the election publicity material that it is paid advertisement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The election publicity material disseminated in this way should not include in it any content that is defamatory to anyone, fake information, misinformation and hate speech. If this type of content is found in the election publicity material, it would be considered a violation of the Election Code of Conduct. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct also bars the dissemination of their election publicity materials by parties and candidates on foreign online media. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The political parties and candidates are required to submit to the EC the details of the expenditure while disseminating the election publicity materials through online media and include it in their election expenses details. </span><br /> <strong><span style="font-family:"Arial Unicode MS","sans-serif"">Directive to make polling stations inclusive and disabled-friendly</span></strong> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the EC has issued directives for making the polling stations inclusive and disabled-friendly. It has directed the Chief Election Officer, the Election Officer, Polling Officer and all employees deputed to conduct the election in this regard. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The EC has emphasized on the strict adherence to the 'Gender and Inclusion Policy in Election Management, 2077 BS' and the 'House of Representatives and Province Assembly Member Election (Voting) Guidelines, 2079 BS'. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16029', 'image' => '20221111024238_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-11 14:42:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16287', 'article_category_id' => '1', 'title' => 'Wrong Message on SSF Website Troubles Contributors ', 'sub_title' => '', 'summary' => 'November 11: Contributors of Social Security Fund have had to suffer from a wrong message circulated on its website.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">November 11: Contributors of Social Security Fund have had to suffer from a wrong message circulated on its website. The fund has mentioned on its website that it will bear the cost of treatment under the drug treatment scheme if the contributor receives treatment from the National Trauma Center in Kathmandu.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">However, it has been found that SSF has not signed any agreement with the Trauma Centre to provide treatment to the contributors. Because of this glitch, the contributors visiting the Trauma Center for treatment have had to suffer unnecessary hassles.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The SSF has signed agreements with 17 hospitals across the country so far. As per the agreement, the contributors of SSF can get up to an 80 per cent discount for treatment cost up to Rs 25,000 a year from those hospital for OPD services.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">A contributor who has been continuously contributing to the Social Security Fund for the past three years went to the Trauma Centre for treatment on Monday. He reached the Trauma Centre based on the information provided by the fund on its website. When he asked about the facilities available for treatment at the Trauma Centre, the hospital staff said they were unaware of it.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Then he met the Information Officer of the hospital Arjun Prasad Bhetwal. According to the contributor, Bhetwal also said that since the Trauma Center did not have such an agreement with the SSF, the facility could not be provided.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">"Though we have signed such agreements with other agencies and have been providing treatment facilities, we have not reached an agreement with the Social Security Fund. However, the contributors of the fund keep coming to seek services,” said Bhetwal. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The Social Security Fund also admitted that it did not formally sign a contract with the Trauma Centre. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">SSF spokesperson Vivek Panthi said if any patient receives treatment from the Trauma Centre, he should come to the SSF office along with the hospital bill to claim the payment because the fund has not reached an agreement with the Trauma Centre. The patients complain that such process is complicated.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The Social Security Fund has mentioned that 80 per cent of the annual treatment costs of up to Rs 25,000 in OPD and Rs 100000 for admission charge of the hospital under drug treatment and maternity protection services will be paid directly to the hospital where the patient is admitted and the remaining 20 per cent should be borne by the individual. There are currently 371,000 contributors and 17,400 employers registered with the SSF.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16028', 'image' => '20221111012354_SSF (1).jpg', 'article_date' => '2022-11-11 13:23:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16286', 'article_category_id' => '1', 'title' => 'Import Ban Results in Closure of 58 Vehicle Dealers across the Country ', 'sub_title' => '', 'summary' => 'November 11: The government has banned the imports of vehicles in a bid to save foreign exchange reserves. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 11: The government has banned the imports of vehicles in a bid to save foreign exchange reserves. However, the imports of electric vehicles are allowed. Imports of light vehicles like cars, vans and jeeps for personal use have been banned. But, the ban has resulted in the closure of many dealers across the country, adding financial burdens to the businesspersons, according to the NADA Automobiles Association of Nepal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, hike in interest on loans by banks and financial institutions has also added to their problems. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the last fiscal year (FY 2021/22), banks and financial institutions invested around Rs 95 billion in this sector. According to the latest data of NADA, at least 58 vehicle dealers across the country have shut down as a result of the ban imposed by the government.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, 100 others are on the verge of closure. The vehicle dealers that have shut down include nine in Province 1, 11 in Madhes Province, 18 in Bagmati Province, seven in Gandaki Province, three in Lumbini Province, seven in Karnali Province and three in Sudurpaschim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A total 1,025 vehicle dealers are in operating across the country, said the NADA. Out of them, 145 are in Province 1, 95 in Madhes Province, 378 in Bagmati Province, 182 in Gandaki Province, 105 in Lumbini Province, 62 in Karnali Province and 58 in Sudurpaschim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NADA General-Secretary, Surendra Kumar Upreti, said that the government has extended the ban which has further put this struggling business in trouble. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have been frequently urging the government to remove the ban. We have only got assurance from the government," he shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Upreti further said all dealers operating in the Kathmandu Valley would be closed if the ban continues even after mid-November. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have been running office and providing salaries to staff by taking loan from banks as the business is considerably down. Vehicle dealers have been closed after they could not afford the expenses. Dealers of heavy vehicles will be closed if such situation persists," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the closure of vehicle dealers, more than 1,000 staff across the country have become jobless, according to NADA. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a notice in the Nepal Gazette on April 26, the Ministry of Industry, Commerce and Supplies had banned the imports of 10 different types of items citing a decline in foreign exchange reserves of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although the ban on six of those items have been lifted, the government has extended the ban on the imports of smart phones priced over USD 300, jeeps, cars, vans and motorcycles with capacity of more than 150 cc till December. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16027', 'image' => '20221111121005_nada.jpg', 'article_date' => '2022-11-11 12:09:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16285', 'article_category_id' => '1', 'title' => 'NCC Urges its District Chapters to Defer Protest until the Elections ', 'sub_title' => '', 'summary' => 'November 11: Nepal Chamber of Commerce (NCC) has urged its district and municipal chapters to postpone their ongoing agitation against the interest rate increased by banks and financial institutions until the November 20 elections are over. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 11: Nepal Chamber of Commerce (NCC) has urged its district and municipal chapters to postpone their ongoing agitation against the interest rate increased by banks and financial institutions until the November 20 elections are over. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The district and municipality level chapters of NCC have been asked to put off the agitation considering the elections, according to a statement issued by NCC on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NCC has launched an agitation against the hike in interest rate by banks and financial institutions and against the short-term loan guidelines of the Nepal Rastra Bank. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The statement reads, "The country is in the midst of the elections to the House of Representatives and the Provincial Assembly. The NCC will take initiatives to resolve the problems through discussions with the government while continuing the protest peacefully after the polls. The district and municipality-level chapters of NCC have been urged to postpone all the protest programmes." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NCC President Rajendra Malla argued that continuing the agitation would cause more problems amidst the elections although industrialists have faced a setback due to an extreme increase in the interest rate by banks and financial institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Even though there are many options to decrease the interest rate, the government has not listened to the demands of the industrialists. There is no alternative than to launch a protest soon after the elections," he shared. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16026', 'image' => '20221111111056_NCCC.jpg', 'article_date' => '2022-11-11 11:10:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16283', 'article_category_id' => '1', 'title' => 'Government Recommended to Develop Separate Mechanism for Arrears Settlement ', 'sub_title' => '', 'summary' => 'November 10: The National Planning Commission (NPC) has advised the government to develop a separate committee to deal with the issues related to arrears and find an effective way for its settlement.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 10: The National Planning Commission (NPC) has advised the government to develop a separate committee to deal with the issues related to arrears and find an effective way for its settlement. It has also suggested the government to improve the public finance management system. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> According to a study report prepared by the National Planning Commission, the government requires a separate body to address overdue issues. The report entitled ‘Study Report on the Situation of Public Auditing and Settlement of Arrears in Nepal, 2079 BS' has proposed the government to have a separate body for looking after the issues of arrears. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 59th annual report of the Auditor General, 2079 BS puts the arrears till the fiscal 2020-21 at over Rs 829 billion. The report says that the overdue amount in the review year increased by Rs over 115 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NPC report mentions about the lack of enough discussions on the report of the Auditor General in parliamentary committee, indicating the need for making the account officer more responsible for arrears management and increasing the effectiveness of monitoring and supervision in the relevant sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to NPC Spokesperson Rajendra Kumar Poudel, the size of arrears is increasing in recent years and its impacts are visible in the public finance management, prompting the urgent need to control it in time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report points out the need for identification and pre-preparations before incorporating plans and policies in the budget, stating that coordination among the periodic plans, government policies and programmes and the budget were missing and it caused challenges to the management of arrears. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> The lack of fiscal discipline, the agreement for multi-year projects without permission, and the lack of effective monitoring and supervision are among other factors fueling the problem, it has been stated in the report. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16025', 'image' => '20221110053145_new_logo.jpg', 'article_date' => '2022-11-10 17:31:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16282', 'article_category_id' => '1', 'title' => 'Swiss Businessmen Exploring Business Opportunities in Nepal', 'sub_title' => '', 'summary' => 'November 10: The Embassy of Switzerland in Kathmandu together with Switzerland Global Enterprise (S-GE) and Nepal Swiss Chamber of Commerce and Industries (NSCCI) successfully concluded a first of its kind Swiss business delegation trip to Nepal from November 7 to 9. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 10: The Embassy of Switzerland in Kathmandu together with Switzerland Global Enterprise (S-GE) and Nepal Swiss Chamber of Commerce and Industries (NSCCI) successfully concluded a first of its kind Swiss business delegation trip to Nepal from November 7 to 9. The goal of this mission was to introduce Swiss companies to potential market entry and commercial opportunities in the fast-growing Nepali market, reads a statement issued by the Swiss embassy. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to the statement, fifteen delegates from 10 Swiss companies - Ferring Pharmaceuticals, Roche Diagnostics, Zürcher Kantonalbank, Lufthansa Group, Hilti, PINI, Lombardi, Gherzi, Victorinox, and 2000 Watt Smart Cities participated in the mission. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">“The delegates were exposed to public sector stakeholders, market experts, and private sector practitioners, development finance institutions, covering a range of topics including macroeconomic trends, enabling business environment, policy landscape and targeted opportunities,” the statement added.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The delegation held high-level meetings with Health Minister Bhawani Prasad Khapung, as well as officials of the Ministry of Finance; Ministry of Culture, Tourism and Civil Aviation; Ministry of Industry, Commerce, and Supplies; Nepal Electricity Authority; Department of Roads and the Investment Board of Nepal.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Swiss Ambassador to Nepal Elisabeth von Capeller, said that there is a real opportunity for Swiss companies to enter the Nepali marke as the country shifts gear from political transition to economic transformation. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">“Deepening trade relations with Switzerland can reap benefits in the form of knowledge transfer of Swiss technologies and expertise, and access to a range of choices on products and services for the Nepali people,” the statement quoted Swiss Capeller as saying.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The statement further said that the longstanding friendship that Switzerland and Nepal share was on full display during the delegation’s visit. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">“The discussions, perspectives and exposure to the Nepali market were well-received by the delegation, shaping their understanding of the Nepali market and its tremendous potential.”</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16024', 'image' => '20221110041015_0S3A6045.jpg', 'article_date' => '2022-11-10 16:09:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16284', 'article_category_id' => '1', 'title' => 'Industrialists of Nepal and Singapore agree for Joint Investment', 'sub_title' => '', 'summary' => 'November 10: Industrialists of Nepal and Singapore have reached an understanding to cooperate with each other for joint investment and technology promotion.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">November 10: Industrialists of Nepal and Singapore have reached an understanding to cooperate with each other for joint investment and technology promotion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Subodh Kumar Gupta, president of the Birgunj Chamber of Commerce and Industry, who is currently in a visit to Singapore, informed that the chamber reached such understanding with their counterparts of Singapore during the official visit.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The team of industrialists led by President Gupta reached an agreement with the local entrepreneurs to promote mutual business activities and facilitate business promotion. A memorandum of understanding was signed by president Gupta from Nepal and president Chiu Boon Thong from Singapore Chamber of Commerce and Industry in this regard.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Gupta informed that they have agreed to exchange information related to business, give priority to joint investment and partnership business, arrange technical experts, and promote business visits between the two countries. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Gupta claims that the visit of industrialists from Birgunj to Singapore and Vietnam will be effective in terms of how Nepal can benefit from the development strategy adopted by those countries. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16023', 'image' => '20221110061520_1667973397.bcci.jpg', 'article_date' => '2022-11-10 18:14:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16281', 'article_category_id' => '1', 'title' => 'Security Surveillance Stepped up for Elections ', 'sub_title' => '', 'summary' => 'November 10: Security agencies have stepped up surveillance in view of the parliamentary elections due in 10 days.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 10: Security agencies have stepped up surveillance in view of the parliamentary elections due in 10 days. The voting for the elections to the House of Representatives and Provincial Assembly is scheduled for November 20. The elections will be held in a single phase. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Around 300,000 security personnel of three security agencies have been deployed for the twin elections. Among them 71,693 personnel are from Nepal Police and 115,000 are temporary policepersons. Similarly, a total of 75,000 personnel of the Nepalese Army (NA) and 35,000 of Armed Police Force (APF) are being deployed to ensure the elections are held in a free, impartial and peaceful manner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Ministry of Home Affairs, this time a huge number of security personnel have been mobilized for election security on the need basis. Spokesperson at the Ministry Phadindramani Pokharel shared that the election security was tightened evaluating the challenges in the polling stations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An integrated security plan has been implemented according to which security agencies will provide security in three different layers. In the first ring, Nepal Police will provide security while Armed Police Force and Nepalese Army will provide security in the second and third layers respectively. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal Police Spokesperson and Deputy Inspector General (DIG) Tek Prasad Rai shared that election security plan is good and reliable. "Voters can cast their vote without any fear," he said. According to him, some 28 small groups have announced to boycott the election. The security agencies are closely monitoring them, shared spokesperson Rai. </span><br /> L<span style="font-family:"Arial Unicode MS","sans-serif"">earning from the past experience, police have also devised security plans for contingencies, added Rai. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Armed Police Force (APF) that is deployed in the second layer for election security, has already mobilized required number of personnel while some are in stand-by position to be deployed on need basis. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">APF will mainly provide security to the election offices, election officers and chief election officers among others. Spokesperson of the APF and Senior Superintendent of Police Purushottam Thapa shared that election security bases were set up in various locations and security personnel were mobilized in plain clothes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, mobile patrolling is also being carried out by the APF security personnel while surveillance has been stepped up in border areas as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepalese Army has already started monitoring in all districts as per the mandate given to it by the integrated security plan, said NA Spokesperson Brigadier General Narayan Silwal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prisons, airports and other important infrastructures, guarded by APF and Nepal Police during the previous elections, are being guarded by the Nepalese Army this time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, NA has been entrusted with the responsibility to guard the printing of ballot papers and its transportation. Spokesperson Silwal shared that the army has already made preparations for aerial surveillance, disposal of bombs or neutralizing suspicious objects and explosives during the election. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also, the army has set up separate bases/units in those places uncovered by the already set bases/units, he said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16022', 'image' => '20221110035253_RajendraPaneru_Kanchanpur_RSS_23.jpg', 'article_date' => '2022-11-10 15:52:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16280', 'article_category_id' => '1', 'title' => 'FNCCI Expresses Solidarity with Protests of Industrialists', 'sub_title' => '', 'summary' => 'November 10: The Federation of Nepalese Commerce and Industry (FNCCI), the umbrella organization of the private sector of Nepal, has expressed solidarity with the agitating industrialists who have been protesting across the country over hike in interest rates.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 10: The Federation of Nepalese Commerce and Industry (FNCCI), the umbrella organization of the private sector of Nepal, has expressed solidarity with the agitating industrialists who have been protesting across the country over hike in interest rates and the Working Capital Loan Guidelines implemented by the Nepal Rastra Bank. The federation has expressed its solidarity with the demands put forward by the district chapters of FNCCI and the associate members of the federation who have been opposing the policy of the central bank.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">A meeting of FNCCI held on Wednesday expressed its solidarity with the agitating business community and has requested the central bank to manage liquidity crisis and stabilize interest rate and also to postpone the Working Capital Loan Guidelines. FNCCI has also requested all provincial chapters and member organizations to suspend the ongoing protest program. Likewise, the federation has also requested to provide support from their respective areas to make the elections successful.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">During the period leading up to the election, the federation leadership will continue to be in dialogue with the government and Nepal Rastra Bank, and the federation has expressed its belief that the problems faced by the private sector will be resolved through dialogue. Even after the election, if the demands of the private sector are not addressed by the concerned bodies, the federation has said that it will announce more protest programmess in favour of economic stability and to establish the rights of the private sector.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Businessmen have been holding protest programmes across the country after Dashain stating that the government has introduced policies including a hike in interest rates that have affected the business. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">FNCCI unveiled the "Perceptions of FNCCI for Economic Stability '' on Wednesday and expressed the demands would be addressed in the meantime. It is mentioned in the statement that if the demand is not addressed even before the election, FNNCI will introduce other programs.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The federation said that lack of demand in the market has been affecting business, and the private sector is suffering due to the increase in interest rates and the guidelines implemented by the central bank. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"The federation is in solidarity with the demands put forward by the district unions," the federation said in a statement. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"However, the election of the members of the House of Representatives and the State Assembly is going to be held on November 20, and the election is important for the democratic system and open market economy," the statement added. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16021', 'image' => '20221110121248_Protest.jpg', 'article_date' => '2022-11-10 12:12:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '16294', 'article_category_id' => '1', 'title' => 'NAC to Operate Int'l Flights from Gautam Buddha Int'l Airport ', 'sub_title' => '', 'summary' => 'November 13: Nepal Airlines Corporation (NAC) is preparing to operate international flights from Bhairahawa-based Gautam Buddha International Airport. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 13: Nepal Airlines Corporation (NAC) is preparing to operate international flights from Bhairahawa-based Gautam Buddha International Airport. NAC Spokesperson Archana Khadka told the state-owned national news agency RSS that preparations are underway to operate international flights from Gautam Buddha Airport by the end of December. <br /> The national flag carrier of Nepal has formed committee under the coordination of Commerce Director of NAC, Janakraj Kalakheti, to conduct a study in this regard, RSS reported. <br /> "Preparations are underway to operate international flights by the end of this December. The NAC board will finalize the destinations after the study committee submits its report," RSS quoted Khadka as saying. <br /> Jazeera Airlines is the first airlines to operate flights from GBIA since the airport officially came into operation on May </span><span style="font-family:"Arial Unicode MS","sans-serif"">16 this year. The airline company been operating three flights a week between Kuwait and Gautam Buddha International Airport. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Himalaya Airlines has been operating regular chartered flights to Kuala Lumpur of Malaysia from Gautam Buddha International Airport since November 3. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Civil Aviation Authority of Nepal has urged in written to five international airliners as well as Nepal Airlines and Himalaya Airlines to operate flights from the newly launched airport. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Currently, NAC has been conducting flights to 10 destinations of eight countries across the world. It has two wide-body and two narrow-body aircraft for international flights. </span></span></span><br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-13', 'modified' => '2022-11-13', 'keywords' => '', 'description' => '', 'sortorder' => '16035', 'image' => '20221113111754_NAC.jpg', 'article_date' => '2022-11-13 11:17:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16293', 'article_category_id' => '1', 'title' => 'At Least $1 Billion of Client Funds Missing at Failed Crypto Firm FTX', 'sub_title' => '', 'summary' => 'November 12: At least one billion dollars of customer funds have vanished from collapsed crypto exchange FTX, Reuters reported citing people familiar with the matter.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 12: At least one billion dollars of customer funds have vanished from collapsed crypto exchange FTX, Reuters reported citing people familiar with the matter.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the news agency, the exchange's founder Sam Bankman-Fried secretly transferred US$10 billion of customer funds from FTX to Bankman-Fried's trading company Alameda Research.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A large portion of that total has since disappeared, Reuters said referring to information provided by two people familiar with the matter. One source put the missing amount at about $1.7 billion. The other said the gap was between $1 billion and $2 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">While it is known that FTX moved customer funds to Alameda, the missing funds are reported here for the first time, Reuters said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The financial hole was revealed in records that Bankman-Fried shared with other senior executives last Sunday, according to the two sources. Reuters reported that both sources held senior FTX positions until this week and said they were briefed on the company's finances by top staff.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Bahamas-based FTX filed for bankruptcy on Friday after a rush of customer withdrawals earlier this week. A rescue deal with rival exchange Binance fell through, precipitating crypto’s highest-profile collapse in recent years.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At the heart of FTX's problems were losses at Alameda that most FTX executives did not know about, Reuters reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the news agency, customer withdrawals had surged last Sunday after Changpeng Zhao, CEO of giant crypto exchange Binance, said Binance would sell its entire stake in FTX's digital token, worth at least $580 million, "due to recent revelations." Four days before, news outlet CoinDesk reported that much of Alameda's $14.6 billion in assets were held in the token.</span></span></p> ', 'published' => true, 'created' => '2022-11-12', 'modified' => '2022-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '16034', 'image' => '20221112100220_Cryptoshutterstock_1434643079.jpg', 'article_date' => '2022-11-12 10:01:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16292', 'article_category_id' => '1', 'title' => 'Parties Coming Up with Stale Agendas for Fresh Elections ', 'sub_title' => '', 'summary' => 'November 12: Almost all the political parties are scrambling to woo the voters ahead of the November 20 election to the House of Representatives and Provincial Assembly. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 12: Almost all the political parties are scrambling to woo the voters ahead of the November 20 election to the House of Representatives and Provincial Assembly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They are primarily raising issues related to political stability, good governance, prosperity and law and order in course of their election campaigns. However, these issues figured in the election agenda of the parties in the last elections as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The political parties have also included in their election manifestos topics like protection of nationalism, national sovereignty, building a self-reliant economy, increasing employment, infrastructure development, citizenship and issues related to religion and culture. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In this connection, the Nepalka Lagi Nepali (Nepalis for Nepal) Party has vociferously raised the issues of curbing corruption and promotion of the 'Prithvipath' and 'Nepalwad'. According to this party, Prithvipath is the principles propounded by King Prithvi Narayan Shah, the unifier of modern Nepal, and Nepalwad is the policy of Nepal first, said the party president Bal Krishna Neupane. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepalka Lagi Nepali Party's election symbol is the 'conch'. The party has fielded 110 candidates under the first-past-the-post (FPTP) and the proportional electoral system. Moreover, the party has prioritized issues like investigating the assets of persons holding high public posts from the time of Panchayat system till present, adoption of a directly-elected prime minister, restoration of monarchical system and barring the legislators from becoming ministers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Some of the political parties have highlighted issues such as deteriorating economy, external interference in national affairs, establishing social justice and self-reliance, addressing the problems of women, children and senior citizens, and that of education, health and social security, in their election manifestos. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nagarik Unmukti Party (Citizen Liberation Party) led by Ranjita Shrestha has primarily highlighted topics like the nation's development, identity, good governance, prosperity and inclusive identity in its manifesto. This party has fielded 85 candidacies for the House of Representatives and 137 candidacies for the Provincial Assembly member election. It has been advocating for a directly-elected president or prime minister. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Kirant Khumbuwan Sajha Party has fielded only one candidate for the House of Representatives and 15 candidates for Provincial Assembly in the FPTP system and 15 for the proportional representation seats. The party with the election symbol of 'Dhaka cap’ has voiced for naming Province 1 as the Kirant Province, smooth supply of drinking water in Dharan, corruption control and addressing the burning problems in the education and health sectors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The party has also advocated for adopting a directly-elected prime minister and fully-proportional election system for institutionalizing political stability in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Tamang Shaling Loktantrik Party with the 'Vajra' as its election symbol has fielded one candidate for the House of Representatives election and 20 candidates for the Provincial Assembly, said party chairperson Simang Tamang. The party has been demanding reforms in the election system to make it less costly and adoption of a fully-proportional election system where the candidates are selected based on the population of the ethnic groups. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Miteri Party Nepal with election symbol ‘Horse' has called for redrawing the new administrative map of the country into five development regions and restoration of constitutional monarchy, said the party president Ghanendra Basnet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal Bibeksheel Party has fielded only two candidacies for House of Representatives. The party with election symbol the 'Dog Face' has advocated for extensive reforms in the present form of governance and election system, according to party president Karma Lama. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Mangol National Organisation with its election symbol ‘rooster' is contesting the election to 238 seats for House of Representatives and Province Assembly from 50 districts, shared the party president Buddha Lal Meche. This party's main election agenda are democracy, secularism, federalism and the protection of rights and existence of the indigenous people. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Sanghiya Lokatantrik Rastriya Manch (Federal Democratic National Forum)'s chairperson Kumar Lingden said his party has fielded candidacies in 86 electoral constituencies in six provinces in this election. Federalism with identity, removal of the present minimum vote threshold for parties and empowerment of the provinces are the key issues the party has been advocating for. Its election symbol is 'Khukuri with the Sheath'. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Bahujan Ekata Party Nepal has kept equality, independence, self-respect and prosperity as its top priorities. The party's election symbol is the 'Seven-step Stairs'. It has fielded 34 candidates towards the FPTP and 49 candidates towards the proportional representation system of election. The party is for adopting a governance system where either the president or the prime minister is directly elected by the people. It has also been advocating for adopting a fully proportional election system along with reservation quotas for the ethnic groups. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is found that the election candidates are also putting forth the same old ideas like maintaining law and order, good governance, easing the supply of fertiliser, providing irrigation and expanding road networks, among other promises. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-12', 'modified' => '2022-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '16033', 'image' => '20221112095016_NA_Chitwan-IMG_2752.jpg', 'article_date' => '2022-11-12 09:49:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16291', 'article_category_id' => '1', 'title' => 'Nurses in UK to go on Strike for First Time in History', 'sub_title' => '', 'summary' => 'November 11: Tens of thousands of nurses in the United Kingdom will go on strike for the first time demanding better pay as the cost of living soars, Al Jazeera reported on Thursday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 11: Tens of thousands of nurses in the United Kingdom will go on strike for the first time demanding better pay as the cost of living soars, Al Jazeera reported on Thursday.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to the Gulf news portal said citing the Royal College of Nursing (RCN) that nurses at most of the state-run National Health Service (NHS) across the country have voted for the action.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The RCN, which has more than 300,000 members, said industrial action would begin before the end of the year, after the first vote on strike action in its 106-year-old history, Al Jazeera further reported.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">“Anger has become action – our members are saying enough is enough,” Al Jazeera quoted RCN General Secretary Pat Cullen as saying. “This action will be as much for patients as it is for nurses. Standards are falling too low.”</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to Al Jazeera, NHS nurses have seen their salaries drop by up to 20 percent in real terms over the last 10 years, leaving members struggling to feed their families and pay their bills, the RCN has said.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">NHS reportedly said in September nurses were skipping meals to feed and clothe their children and were struggling to afford rising transport costs.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">It may be noted that the Government of Nepal had signed a bilateral agreement with the UK in August with the aim of securing highly-paid jobs for Nepali youths in the UK, especially in the healthcare sector.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The MoU has pledged that the Nepali healthcare professional will receive equal rights, privileges, protections and dignity as health professionals from the UK, the state-owned national news agency of Nepal RSS reported.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to the RSS, Nepali citizens aged between 20 and 45 years holding a valid Nepali passport can file application. The applicant should have an active professional license from the Nepal Nursing Council and at least two years of experience in a registered hospital in Nepal. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Meanwhile, Al Jazeera reported that the UK has seen a wave of industrial unrest this year across industries from railways to the law as pay fails to keep up with inflation, running at 10 percent, and surging energy costs.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16032', 'image' => '20221111050902_0_A-nurse-holds-a-placard-demanding-fair-pay-rise-from-the.jpg', 'article_date' => '2022-11-11 17:08:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16290', 'article_category_id' => '1', 'title' => 'World Travel Market in UK will Help Revitalize Nepal's Tourism: NTB', 'sub_title' => '', 'summary' => 'November 11: The Nepal Tourism Board insists that the World Travel Market (WTM) programme held in London will be helpful in the revival of Nepal’s tourism sector. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 11: The Nepal Tourism Board insists that the World Travel Market (WTM) programme held in London will be helpful in the revival of Nepal’s tourism sector. The board said that the event, considered to be the world's largest tourism fair, will help the private sector in renewing old business contacts and expanding new contacts in tourism.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Dhananjay Regmi, chief executive officer of the Nepal Tourism Board, said that Nepal's participation in the fair organized after the Covid-19 pandemic is beneficial for the tourism sector. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"Nepal has been participating in various tourism promotion programmes organized at the international level after the Covid-19," said Regmi, adding that this will help in promoting tourism in post-Covid Nepal in many ways.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">WTM was attended by all types of international tourism organizations, ministries of tourism, travel agents, tour operators, hoteliers, travel tech companies, airliners, adventure sports companies, etc. Also, bloggers, tourism market consultants and tourism experts exhibited their products at the WTM.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Likewise, Nepal’s stall at the WTM was visited by tourism professionals, marketing consultants, media, tour operators and others from different countries, including the UK. British mountaineers and adventurers Sir Chris Bonington and Alan Hicks recalled their climbing experience in Nepal and urged all the British people to visit Nepal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">More than 100 British travel and tour operators and British climbers participated in the event. A total of 24 travel and tourism-related companies from Nepal participated at the WTM under the leadership of the Nepal Tourism Board. Nepal’s stall at the WTM was inaugurated on Monday by the Nepalese ambassador to the UK, Gyan Chandra Acharya.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16031', 'image' => '20221111043446_tournba.jpg', 'article_date' => '2022-11-11 16:34:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16289', 'article_category_id' => '1', 'title' => 'Suspension of Share Transaction of Merging Companies to Remain in Force for 15 Days', 'sub_title' => '', 'summary' => 'November 11: The problems in the secondary market related to share transactions of companies opting for merger or acquisition has come finally to an end.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 11: The problems in the secondary market related to share transactions of companies opting for merger or acquisition has come finally to an end. The months-long suspension of share transactions of companies opting for merger or acquisition has come to an end after the Securities Board of Nepal started implementing the Guidelines for Merger/Acquisition of Organised Institutions 2079 effective from November 10. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">At present, the share transactions of 34 companies have been suspended because they are in the process of merger or acquisition.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Since the implementation of the new guidelines, the transactions of shares other than preference share will be allowed in case if a company decides for merger.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the new guidelines, such companies need to submit applications to the Nepal Stock Exchange (NEPSE) and Central Depository and Settlement Corporation Limited (CDSC) seeking approval for transaction of shares other than preference shares. Based on the application, NEPSE and CDSC can make arrangements to immediately lift the suspension on share transactions other than preference shares. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Chairman of the Securities Board of Nepal Ramesh Kumar Hamal said that they succeeded in implementing the new guidelines after relentless efforts. According to Hamal, the new guidelines issued so that the shares of the companies would not have to be suspended for a long time.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the new provision, the share transaction of the companies will be suspended for a maximum of 15 after they start integrated transaction following the completion of all the necessary processes of merger or acquisition. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Hamal further said that the companies opting for merger or acquisition have to complete the process within six months of signing the agreement. If they fail to complete the merger process, the board members will be held accountable. However, Hamal clarified that the six month deadline will not be applicable for the companies that were in the merger process before the guidelines were implemented.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">At present, the maximum number of companies that have initiated the process of merger or acquisition are insurance companies. A total of 16 insurance companies, 8 commercial banks and 10 microfinance companies have initiated the process of merger or acquisition.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16030', 'image' => '20221111042115_20220622042335_share.jpg', 'article_date' => '2022-11-11 16:20:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16288', 'article_category_id' => '1', 'title' => 'EC Issues Directives Regarding Online Dissemination of Election Publicity Materials ', 'sub_title' => '', 'summary' => 'November 11: The Election Commission (EC) has issued a six-point directive for political parties to publish and disseminate their election publicity materials for the upcoming elections. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 11: The Election Commission (EC) has issued a six-point directive for political parties to publish and disseminate their election publicity materials for the upcoming elections. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The election to the member of House of Representatives and Province Assembly is being held on November 20 in a single phase throughout the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">EC spokesperson Shaligram Sharma Poudel said that political parties and the candidates can carry out election canvassing on online media registered with the Department of Information and Broadcasting and enlisted with the Press Council Nepal as per the Election Code of Conduct, 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the decision, political parties and candidates will be allowed to disseminate visual materials related to their election campaigning through online media for a maximum of one minute. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the political parties can also disseminate election publicity materials on online media of private sector as banner, detailed page banner, box advertisement, roadblock, content block as well as the homepage. However, it should be indicated on the election publicity material that it is paid advertisement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The election publicity material disseminated in this way should not include in it any content that is defamatory to anyone, fake information, misinformation and hate speech. If this type of content is found in the election publicity material, it would be considered a violation of the Election Code of Conduct. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct also bars the dissemination of their election publicity materials by parties and candidates on foreign online media. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The political parties and candidates are required to submit to the EC the details of the expenditure while disseminating the election publicity materials through online media and include it in their election expenses details. </span><br /> <strong><span style="font-family:"Arial Unicode MS","sans-serif"">Directive to make polling stations inclusive and disabled-friendly</span></strong> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the EC has issued directives for making the polling stations inclusive and disabled-friendly. It has directed the Chief Election Officer, the Election Officer, Polling Officer and all employees deputed to conduct the election in this regard. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The EC has emphasized on the strict adherence to the 'Gender and Inclusion Policy in Election Management, 2077 BS' and the 'House of Representatives and Province Assembly Member Election (Voting) Guidelines, 2079 BS'. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16029', 'image' => '20221111024238_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-11 14:42:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16287', 'article_category_id' => '1', 'title' => 'Wrong Message on SSF Website Troubles Contributors ', 'sub_title' => '', 'summary' => 'November 11: Contributors of Social Security Fund have had to suffer from a wrong message circulated on its website.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">November 11: Contributors of Social Security Fund have had to suffer from a wrong message circulated on its website. The fund has mentioned on its website that it will bear the cost of treatment under the drug treatment scheme if the contributor receives treatment from the National Trauma Center in Kathmandu.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">However, it has been found that SSF has not signed any agreement with the Trauma Centre to provide treatment to the contributors. Because of this glitch, the contributors visiting the Trauma Center for treatment have had to suffer unnecessary hassles.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The SSF has signed agreements with 17 hospitals across the country so far. As per the agreement, the contributors of SSF can get up to an 80 per cent discount for treatment cost up to Rs 25,000 a year from those hospital for OPD services.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">A contributor who has been continuously contributing to the Social Security Fund for the past three years went to the Trauma Centre for treatment on Monday. He reached the Trauma Centre based on the information provided by the fund on its website. When he asked about the facilities available for treatment at the Trauma Centre, the hospital staff said they were unaware of it.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Then he met the Information Officer of the hospital Arjun Prasad Bhetwal. According to the contributor, Bhetwal also said that since the Trauma Center did not have such an agreement with the SSF, the facility could not be provided.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">"Though we have signed such agreements with other agencies and have been providing treatment facilities, we have not reached an agreement with the Social Security Fund. However, the contributors of the fund keep coming to seek services,” said Bhetwal. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The Social Security Fund also admitted that it did not formally sign a contract with the Trauma Centre. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">SSF spokesperson Vivek Panthi said if any patient receives treatment from the Trauma Centre, he should come to the SSF office along with the hospital bill to claim the payment because the fund has not reached an agreement with the Trauma Centre. The patients complain that such process is complicated.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The Social Security Fund has mentioned that 80 per cent of the annual treatment costs of up to Rs 25,000 in OPD and Rs 100000 for admission charge of the hospital under drug treatment and maternity protection services will be paid directly to the hospital where the patient is admitted and the remaining 20 per cent should be borne by the individual. There are currently 371,000 contributors and 17,400 employers registered with the SSF.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16028', 'image' => '20221111012354_SSF (1).jpg', 'article_date' => '2022-11-11 13:23:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16286', 'article_category_id' => '1', 'title' => 'Import Ban Results in Closure of 58 Vehicle Dealers across the Country ', 'sub_title' => '', 'summary' => 'November 11: The government has banned the imports of vehicles in a bid to save foreign exchange reserves. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 11: The government has banned the imports of vehicles in a bid to save foreign exchange reserves. However, the imports of electric vehicles are allowed. Imports of light vehicles like cars, vans and jeeps for personal use have been banned. But, the ban has resulted in the closure of many dealers across the country, adding financial burdens to the businesspersons, according to the NADA Automobiles Association of Nepal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, hike in interest on loans by banks and financial institutions has also added to their problems. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the last fiscal year (FY 2021/22), banks and financial institutions invested around Rs 95 billion in this sector. According to the latest data of NADA, at least 58 vehicle dealers across the country have shut down as a result of the ban imposed by the government.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, 100 others are on the verge of closure. The vehicle dealers that have shut down include nine in Province 1, 11 in Madhes Province, 18 in Bagmati Province, seven in Gandaki Province, three in Lumbini Province, seven in Karnali Province and three in Sudurpaschim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A total 1,025 vehicle dealers are in operating across the country, said the NADA. Out of them, 145 are in Province 1, 95 in Madhes Province, 378 in Bagmati Province, 182 in Gandaki Province, 105 in Lumbini Province, 62 in Karnali Province and 58 in Sudurpaschim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NADA General-Secretary, Surendra Kumar Upreti, said that the government has extended the ban which has further put this struggling business in trouble. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have been frequently urging the government to remove the ban. We have only got assurance from the government," he shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Upreti further said all dealers operating in the Kathmandu Valley would be closed if the ban continues even after mid-November. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have been running office and providing salaries to staff by taking loan from banks as the business is considerably down. Vehicle dealers have been closed after they could not afford the expenses. Dealers of heavy vehicles will be closed if such situation persists," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the closure of vehicle dealers, more than 1,000 staff across the country have become jobless, according to NADA. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a notice in the Nepal Gazette on April 26, the Ministry of Industry, Commerce and Supplies had banned the imports of 10 different types of items citing a decline in foreign exchange reserves of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although the ban on six of those items have been lifted, the government has extended the ban on the imports of smart phones priced over USD 300, jeeps, cars, vans and motorcycles with capacity of more than 150 cc till December. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16027', 'image' => '20221111121005_nada.jpg', 'article_date' => '2022-11-11 12:09:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16285', 'article_category_id' => '1', 'title' => 'NCC Urges its District Chapters to Defer Protest until the Elections ', 'sub_title' => '', 'summary' => 'November 11: Nepal Chamber of Commerce (NCC) has urged its district and municipal chapters to postpone their ongoing agitation against the interest rate increased by banks and financial institutions until the November 20 elections are over. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 11: Nepal Chamber of Commerce (NCC) has urged its district and municipal chapters to postpone their ongoing agitation against the interest rate increased by banks and financial institutions until the November 20 elections are over. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The district and municipality level chapters of NCC have been asked to put off the agitation considering the elections, according to a statement issued by NCC on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NCC has launched an agitation against the hike in interest rate by banks and financial institutions and against the short-term loan guidelines of the Nepal Rastra Bank. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The statement reads, "The country is in the midst of the elections to the House of Representatives and the Provincial Assembly. The NCC will take initiatives to resolve the problems through discussions with the government while continuing the protest peacefully after the polls. The district and municipality-level chapters of NCC have been urged to postpone all the protest programmes." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NCC President Rajendra Malla argued that continuing the agitation would cause more problems amidst the elections although industrialists have faced a setback due to an extreme increase in the interest rate by banks and financial institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Even though there are many options to decrease the interest rate, the government has not listened to the demands of the industrialists. There is no alternative than to launch a protest soon after the elections," he shared. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16026', 'image' => '20221111111056_NCCC.jpg', 'article_date' => '2022-11-11 11:10:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16283', 'article_category_id' => '1', 'title' => 'Government Recommended to Develop Separate Mechanism for Arrears Settlement ', 'sub_title' => '', 'summary' => 'November 10: The National Planning Commission (NPC) has advised the government to develop a separate committee to deal with the issues related to arrears and find an effective way for its settlement.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 10: The National Planning Commission (NPC) has advised the government to develop a separate committee to deal with the issues related to arrears and find an effective way for its settlement. It has also suggested the government to improve the public finance management system. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> According to a study report prepared by the National Planning Commission, the government requires a separate body to address overdue issues. The report entitled ‘Study Report on the Situation of Public Auditing and Settlement of Arrears in Nepal, 2079 BS' has proposed the government to have a separate body for looking after the issues of arrears. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 59th annual report of the Auditor General, 2079 BS puts the arrears till the fiscal 2020-21 at over Rs 829 billion. The report says that the overdue amount in the review year increased by Rs over 115 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NPC report mentions about the lack of enough discussions on the report of the Auditor General in parliamentary committee, indicating the need for making the account officer more responsible for arrears management and increasing the effectiveness of monitoring and supervision in the relevant sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to NPC Spokesperson Rajendra Kumar Poudel, the size of arrears is increasing in recent years and its impacts are visible in the public finance management, prompting the urgent need to control it in time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report points out the need for identification and pre-preparations before incorporating plans and policies in the budget, stating that coordination among the periodic plans, government policies and programmes and the budget were missing and it caused challenges to the management of arrears. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> The lack of fiscal discipline, the agreement for multi-year projects without permission, and the lack of effective monitoring and supervision are among other factors fueling the problem, it has been stated in the report. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16025', 'image' => '20221110053145_new_logo.jpg', 'article_date' => '2022-11-10 17:31:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16282', 'article_category_id' => '1', 'title' => 'Swiss Businessmen Exploring Business Opportunities in Nepal', 'sub_title' => '', 'summary' => 'November 10: The Embassy of Switzerland in Kathmandu together with Switzerland Global Enterprise (S-GE) and Nepal Swiss Chamber of Commerce and Industries (NSCCI) successfully concluded a first of its kind Swiss business delegation trip to Nepal from November 7 to 9. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 10: The Embassy of Switzerland in Kathmandu together with Switzerland Global Enterprise (S-GE) and Nepal Swiss Chamber of Commerce and Industries (NSCCI) successfully concluded a first of its kind Swiss business delegation trip to Nepal from November 7 to 9. The goal of this mission was to introduce Swiss companies to potential market entry and commercial opportunities in the fast-growing Nepali market, reads a statement issued by the Swiss embassy. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to the statement, fifteen delegates from 10 Swiss companies - Ferring Pharmaceuticals, Roche Diagnostics, Zürcher Kantonalbank, Lufthansa Group, Hilti, PINI, Lombardi, Gherzi, Victorinox, and 2000 Watt Smart Cities participated in the mission. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">“The delegates were exposed to public sector stakeholders, market experts, and private sector practitioners, development finance institutions, covering a range of topics including macroeconomic trends, enabling business environment, policy landscape and targeted opportunities,” the statement added.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The delegation held high-level meetings with Health Minister Bhawani Prasad Khapung, as well as officials of the Ministry of Finance; Ministry of Culture, Tourism and Civil Aviation; Ministry of Industry, Commerce, and Supplies; Nepal Electricity Authority; Department of Roads and the Investment Board of Nepal.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Swiss Ambassador to Nepal Elisabeth von Capeller, said that there is a real opportunity for Swiss companies to enter the Nepali marke as the country shifts gear from political transition to economic transformation. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">“Deepening trade relations with Switzerland can reap benefits in the form of knowledge transfer of Swiss technologies and expertise, and access to a range of choices on products and services for the Nepali people,” the statement quoted Swiss Capeller as saying.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The statement further said that the longstanding friendship that Switzerland and Nepal share was on full display during the delegation’s visit. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">“The discussions, perspectives and exposure to the Nepali market were well-received by the delegation, shaping their understanding of the Nepali market and its tremendous potential.”</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16024', 'image' => '20221110041015_0S3A6045.jpg', 'article_date' => '2022-11-10 16:09:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16284', 'article_category_id' => '1', 'title' => 'Industrialists of Nepal and Singapore agree for Joint Investment', 'sub_title' => '', 'summary' => 'November 10: Industrialists of Nepal and Singapore have reached an understanding to cooperate with each other for joint investment and technology promotion.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">November 10: Industrialists of Nepal and Singapore have reached an understanding to cooperate with each other for joint investment and technology promotion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Subodh Kumar Gupta, president of the Birgunj Chamber of Commerce and Industry, who is currently in a visit to Singapore, informed that the chamber reached such understanding with their counterparts of Singapore during the official visit.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The team of industrialists led by President Gupta reached an agreement with the local entrepreneurs to promote mutual business activities and facilitate business promotion. A memorandum of understanding was signed by president Gupta from Nepal and president Chiu Boon Thong from Singapore Chamber of Commerce and Industry in this regard.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Gupta informed that they have agreed to exchange information related to business, give priority to joint investment and partnership business, arrange technical experts, and promote business visits between the two countries. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Gupta claims that the visit of industrialists from Birgunj to Singapore and Vietnam will be effective in terms of how Nepal can benefit from the development strategy adopted by those countries. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16023', 'image' => '20221110061520_1667973397.bcci.jpg', 'article_date' => '2022-11-10 18:14:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16281', 'article_category_id' => '1', 'title' => 'Security Surveillance Stepped up for Elections ', 'sub_title' => '', 'summary' => 'November 10: Security agencies have stepped up surveillance in view of the parliamentary elections due in 10 days.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 10: Security agencies have stepped up surveillance in view of the parliamentary elections due in 10 days. The voting for the elections to the House of Representatives and Provincial Assembly is scheduled for November 20. The elections will be held in a single phase. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Around 300,000 security personnel of three security agencies have been deployed for the twin elections. Among them 71,693 personnel are from Nepal Police and 115,000 are temporary policepersons. Similarly, a total of 75,000 personnel of the Nepalese Army (NA) and 35,000 of Armed Police Force (APF) are being deployed to ensure the elections are held in a free, impartial and peaceful manner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Ministry of Home Affairs, this time a huge number of security personnel have been mobilized for election security on the need basis. Spokesperson at the Ministry Phadindramani Pokharel shared that the election security was tightened evaluating the challenges in the polling stations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An integrated security plan has been implemented according to which security agencies will provide security in three different layers. In the first ring, Nepal Police will provide security while Armed Police Force and Nepalese Army will provide security in the second and third layers respectively. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal Police Spokesperson and Deputy Inspector General (DIG) Tek Prasad Rai shared that election security plan is good and reliable. "Voters can cast their vote without any fear," he said. According to him, some 28 small groups have announced to boycott the election. The security agencies are closely monitoring them, shared spokesperson Rai. </span><br /> L<span style="font-family:"Arial Unicode MS","sans-serif"">earning from the past experience, police have also devised security plans for contingencies, added Rai. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Armed Police Force (APF) that is deployed in the second layer for election security, has already mobilized required number of personnel while some are in stand-by position to be deployed on need basis. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">APF will mainly provide security to the election offices, election officers and chief election officers among others. Spokesperson of the APF and Senior Superintendent of Police Purushottam Thapa shared that election security bases were set up in various locations and security personnel were mobilized in plain clothes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, mobile patrolling is also being carried out by the APF security personnel while surveillance has been stepped up in border areas as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepalese Army has already started monitoring in all districts as per the mandate given to it by the integrated security plan, said NA Spokesperson Brigadier General Narayan Silwal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prisons, airports and other important infrastructures, guarded by APF and Nepal Police during the previous elections, are being guarded by the Nepalese Army this time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, NA has been entrusted with the responsibility to guard the printing of ballot papers and its transportation. Spokesperson Silwal shared that the army has already made preparations for aerial surveillance, disposal of bombs or neutralizing suspicious objects and explosives during the election. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also, the army has set up separate bases/units in those places uncovered by the already set bases/units, he said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16022', 'image' => '20221110035253_RajendraPaneru_Kanchanpur_RSS_23.jpg', 'article_date' => '2022-11-10 15:52:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16280', 'article_category_id' => '1', 'title' => 'FNCCI Expresses Solidarity with Protests of Industrialists', 'sub_title' => '', 'summary' => 'November 10: The Federation of Nepalese Commerce and Industry (FNCCI), the umbrella organization of the private sector of Nepal, has expressed solidarity with the agitating industrialists who have been protesting across the country over hike in interest rates.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 10: The Federation of Nepalese Commerce and Industry (FNCCI), the umbrella organization of the private sector of Nepal, has expressed solidarity with the agitating industrialists who have been protesting across the country over hike in interest rates and the Working Capital Loan Guidelines implemented by the Nepal Rastra Bank. The federation has expressed its solidarity with the demands put forward by the district chapters of FNCCI and the associate members of the federation who have been opposing the policy of the central bank.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">A meeting of FNCCI held on Wednesday expressed its solidarity with the agitating business community and has requested the central bank to manage liquidity crisis and stabilize interest rate and also to postpone the Working Capital Loan Guidelines. FNCCI has also requested all provincial chapters and member organizations to suspend the ongoing protest program. Likewise, the federation has also requested to provide support from their respective areas to make the elections successful.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">During the period leading up to the election, the federation leadership will continue to be in dialogue with the government and Nepal Rastra Bank, and the federation has expressed its belief that the problems faced by the private sector will be resolved through dialogue. Even after the election, if the demands of the private sector are not addressed by the concerned bodies, the federation has said that it will announce more protest programmess in favour of economic stability and to establish the rights of the private sector.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Businessmen have been holding protest programmes across the country after Dashain stating that the government has introduced policies including a hike in interest rates that have affected the business. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">FNCCI unveiled the "Perceptions of FNCCI for Economic Stability '' on Wednesday and expressed the demands would be addressed in the meantime. It is mentioned in the statement that if the demand is not addressed even before the election, FNNCI will introduce other programs.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The federation said that lack of demand in the market has been affecting business, and the private sector is suffering due to the increase in interest rates and the guidelines implemented by the central bank. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"The federation is in solidarity with the demands put forward by the district unions," the federation said in a statement. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"However, the election of the members of the House of Representatives and the State Assembly is going to be held on November 20, and the election is important for the democratic system and open market economy," the statement added. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16021', 'image' => '20221110121248_Protest.jpg', 'article_date' => '2022-11-10 12:12:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 13: Nepal Airlines Corporation (NAC) is preparing to operate international flights from Bhairahawa-based Gautam Buddha International Airport. NAC Spokesperson Archana Khadka told the state-owned national news agency RSS that preparations are underway to operate international flights from Gautam Buddha Airport by the end of December. <br /> The national flag carrier of Nepal has formed committee under the coordination of Commerce Director of NAC, Janakraj Kalakheti, to conduct a study in this regard, RSS reported. <br /> "Preparations are underway to operate international flights by the end of this December. The NAC board will finalize the destinations after the study committee submits its report," RSS quoted Khadka as saying. <br /> Jazeera Airlines is the first airlines to operate flights from GBIA since the airport officially came into operation on May </span><span style="font-family:"Arial Unicode MS","sans-serif"">16 this year. The airline company been operating three flights a week between Kuwait and Gautam Buddha International Airport. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Himalaya Airlines has been operating regular chartered flights to Kuala Lumpur of Malaysia from Gautam Buddha International Airport since November 3. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Civil Aviation Authority of Nepal has urged in written to five international airliners as well as Nepal Airlines and Himalaya Airlines to operate flights from the newly launched airport. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Currently, NAC has been conducting flights to 10 destinations of eight countries across the world. It has two wide-body and two narrow-body aircraft for international flights. </span></span></span><br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-13', 'modified' => '2022-11-13', 'keywords' => '', 'description' => '', 'sortorder' => '16035', 'image' => '20221113111754_NAC.jpg', 'article_date' => '2022-11-13 11:17:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16293', 'article_category_id' => '1', 'title' => 'At Least $1 Billion of Client Funds Missing at Failed Crypto Firm FTX', 'sub_title' => '', 'summary' => 'November 12: At least one billion dollars of customer funds have vanished from collapsed crypto exchange FTX, Reuters reported citing people familiar with the matter.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 12: At least one billion dollars of customer funds have vanished from collapsed crypto exchange FTX, Reuters reported citing people familiar with the matter.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the news agency, the exchange's founder Sam Bankman-Fried secretly transferred US$10 billion of customer funds from FTX to Bankman-Fried's trading company Alameda Research.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A large portion of that total has since disappeared, Reuters said referring to information provided by two people familiar with the matter. One source put the missing amount at about $1.7 billion. The other said the gap was between $1 billion and $2 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">While it is known that FTX moved customer funds to Alameda, the missing funds are reported here for the first time, Reuters said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The financial hole was revealed in records that Bankman-Fried shared with other senior executives last Sunday, according to the two sources. Reuters reported that both sources held senior FTX positions until this week and said they were briefed on the company's finances by top staff.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Bahamas-based FTX filed for bankruptcy on Friday after a rush of customer withdrawals earlier this week. A rescue deal with rival exchange Binance fell through, precipitating crypto’s highest-profile collapse in recent years.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At the heart of FTX's problems were losses at Alameda that most FTX executives did not know about, Reuters reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the news agency, customer withdrawals had surged last Sunday after Changpeng Zhao, CEO of giant crypto exchange Binance, said Binance would sell its entire stake in FTX's digital token, worth at least $580 million, "due to recent revelations." Four days before, news outlet CoinDesk reported that much of Alameda's $14.6 billion in assets were held in the token.</span></span></p> ', 'published' => true, 'created' => '2022-11-12', 'modified' => '2022-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '16034', 'image' => '20221112100220_Cryptoshutterstock_1434643079.jpg', 'article_date' => '2022-11-12 10:01:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16292', 'article_category_id' => '1', 'title' => 'Parties Coming Up with Stale Agendas for Fresh Elections ', 'sub_title' => '', 'summary' => 'November 12: Almost all the political parties are scrambling to woo the voters ahead of the November 20 election to the House of Representatives and Provincial Assembly. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 12: Almost all the political parties are scrambling to woo the voters ahead of the November 20 election to the House of Representatives and Provincial Assembly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They are primarily raising issues related to political stability, good governance, prosperity and law and order in course of their election campaigns. However, these issues figured in the election agenda of the parties in the last elections as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The political parties have also included in their election manifestos topics like protection of nationalism, national sovereignty, building a self-reliant economy, increasing employment, infrastructure development, citizenship and issues related to religion and culture. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In this connection, the Nepalka Lagi Nepali (Nepalis for Nepal) Party has vociferously raised the issues of curbing corruption and promotion of the 'Prithvipath' and 'Nepalwad'. According to this party, Prithvipath is the principles propounded by King Prithvi Narayan Shah, the unifier of modern Nepal, and Nepalwad is the policy of Nepal first, said the party president Bal Krishna Neupane. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepalka Lagi Nepali Party's election symbol is the 'conch'. The party has fielded 110 candidates under the first-past-the-post (FPTP) and the proportional electoral system. Moreover, the party has prioritized issues like investigating the assets of persons holding high public posts from the time of Panchayat system till present, adoption of a directly-elected prime minister, restoration of monarchical system and barring the legislators from becoming ministers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Some of the political parties have highlighted issues such as deteriorating economy, external interference in national affairs, establishing social justice and self-reliance, addressing the problems of women, children and senior citizens, and that of education, health and social security, in their election manifestos. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nagarik Unmukti Party (Citizen Liberation Party) led by Ranjita Shrestha has primarily highlighted topics like the nation's development, identity, good governance, prosperity and inclusive identity in its manifesto. This party has fielded 85 candidacies for the House of Representatives and 137 candidacies for the Provincial Assembly member election. It has been advocating for a directly-elected president or prime minister. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Kirant Khumbuwan Sajha Party has fielded only one candidate for the House of Representatives and 15 candidates for Provincial Assembly in the FPTP system and 15 for the proportional representation seats. The party with the election symbol of 'Dhaka cap’ has voiced for naming Province 1 as the Kirant Province, smooth supply of drinking water in Dharan, corruption control and addressing the burning problems in the education and health sectors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The party has also advocated for adopting a directly-elected prime minister and fully-proportional election system for institutionalizing political stability in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Tamang Shaling Loktantrik Party with the 'Vajra' as its election symbol has fielded one candidate for the House of Representatives election and 20 candidates for the Provincial Assembly, said party chairperson Simang Tamang. The party has been demanding reforms in the election system to make it less costly and adoption of a fully-proportional election system where the candidates are selected based on the population of the ethnic groups. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Miteri Party Nepal with election symbol ‘Horse' has called for redrawing the new administrative map of the country into five development regions and restoration of constitutional monarchy, said the party president Ghanendra Basnet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal Bibeksheel Party has fielded only two candidacies for House of Representatives. The party with election symbol the 'Dog Face' has advocated for extensive reforms in the present form of governance and election system, according to party president Karma Lama. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Mangol National Organisation with its election symbol ‘rooster' is contesting the election to 238 seats for House of Representatives and Province Assembly from 50 districts, shared the party president Buddha Lal Meche. This party's main election agenda are democracy, secularism, federalism and the protection of rights and existence of the indigenous people. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Sanghiya Lokatantrik Rastriya Manch (Federal Democratic National Forum)'s chairperson Kumar Lingden said his party has fielded candidacies in 86 electoral constituencies in six provinces in this election. Federalism with identity, removal of the present minimum vote threshold for parties and empowerment of the provinces are the key issues the party has been advocating for. Its election symbol is 'Khukuri with the Sheath'. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Bahujan Ekata Party Nepal has kept equality, independence, self-respect and prosperity as its top priorities. The party's election symbol is the 'Seven-step Stairs'. It has fielded 34 candidates towards the FPTP and 49 candidates towards the proportional representation system of election. The party is for adopting a governance system where either the president or the prime minister is directly elected by the people. It has also been advocating for adopting a fully proportional election system along with reservation quotas for the ethnic groups. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is found that the election candidates are also putting forth the same old ideas like maintaining law and order, good governance, easing the supply of fertiliser, providing irrigation and expanding road networks, among other promises. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-12', 'modified' => '2022-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '16033', 'image' => '20221112095016_NA_Chitwan-IMG_2752.jpg', 'article_date' => '2022-11-12 09:49:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16291', 'article_category_id' => '1', 'title' => 'Nurses in UK to go on Strike for First Time in History', 'sub_title' => '', 'summary' => 'November 11: Tens of thousands of nurses in the United Kingdom will go on strike for the first time demanding better pay as the cost of living soars, Al Jazeera reported on Thursday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 11: Tens of thousands of nurses in the United Kingdom will go on strike for the first time demanding better pay as the cost of living soars, Al Jazeera reported on Thursday.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to the Gulf news portal said citing the Royal College of Nursing (RCN) that nurses at most of the state-run National Health Service (NHS) across the country have voted for the action.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The RCN, which has more than 300,000 members, said industrial action would begin before the end of the year, after the first vote on strike action in its 106-year-old history, Al Jazeera further reported.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">“Anger has become action – our members are saying enough is enough,” Al Jazeera quoted RCN General Secretary Pat Cullen as saying. “This action will be as much for patients as it is for nurses. Standards are falling too low.”</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to Al Jazeera, NHS nurses have seen their salaries drop by up to 20 percent in real terms over the last 10 years, leaving members struggling to feed their families and pay their bills, the RCN has said.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">NHS reportedly said in September nurses were skipping meals to feed and clothe their children and were struggling to afford rising transport costs.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">It may be noted that the Government of Nepal had signed a bilateral agreement with the UK in August with the aim of securing highly-paid jobs for Nepali youths in the UK, especially in the healthcare sector.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The MoU has pledged that the Nepali healthcare professional will receive equal rights, privileges, protections and dignity as health professionals from the UK, the state-owned national news agency of Nepal RSS reported.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to the RSS, Nepali citizens aged between 20 and 45 years holding a valid Nepali passport can file application. The applicant should have an active professional license from the Nepal Nursing Council and at least two years of experience in a registered hospital in Nepal. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Meanwhile, Al Jazeera reported that the UK has seen a wave of industrial unrest this year across industries from railways to the law as pay fails to keep up with inflation, running at 10 percent, and surging energy costs.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16032', 'image' => '20221111050902_0_A-nurse-holds-a-placard-demanding-fair-pay-rise-from-the.jpg', 'article_date' => '2022-11-11 17:08:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16290', 'article_category_id' => '1', 'title' => 'World Travel Market in UK will Help Revitalize Nepal's Tourism: NTB', 'sub_title' => '', 'summary' => 'November 11: The Nepal Tourism Board insists that the World Travel Market (WTM) programme held in London will be helpful in the revival of Nepal’s tourism sector. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 11: The Nepal Tourism Board insists that the World Travel Market (WTM) programme held in London will be helpful in the revival of Nepal’s tourism sector. The board said that the event, considered to be the world's largest tourism fair, will help the private sector in renewing old business contacts and expanding new contacts in tourism.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Dhananjay Regmi, chief executive officer of the Nepal Tourism Board, said that Nepal's participation in the fair organized after the Covid-19 pandemic is beneficial for the tourism sector. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"Nepal has been participating in various tourism promotion programmes organized at the international level after the Covid-19," said Regmi, adding that this will help in promoting tourism in post-Covid Nepal in many ways.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">WTM was attended by all types of international tourism organizations, ministries of tourism, travel agents, tour operators, hoteliers, travel tech companies, airliners, adventure sports companies, etc. Also, bloggers, tourism market consultants and tourism experts exhibited their products at the WTM.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Likewise, Nepal’s stall at the WTM was visited by tourism professionals, marketing consultants, media, tour operators and others from different countries, including the UK. British mountaineers and adventurers Sir Chris Bonington and Alan Hicks recalled their climbing experience in Nepal and urged all the British people to visit Nepal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">More than 100 British travel and tour operators and British climbers participated in the event. A total of 24 travel and tourism-related companies from Nepal participated at the WTM under the leadership of the Nepal Tourism Board. Nepal’s stall at the WTM was inaugurated on Monday by the Nepalese ambassador to the UK, Gyan Chandra Acharya.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16031', 'image' => '20221111043446_tournba.jpg', 'article_date' => '2022-11-11 16:34:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16289', 'article_category_id' => '1', 'title' => 'Suspension of Share Transaction of Merging Companies to Remain in Force for 15 Days', 'sub_title' => '', 'summary' => 'November 11: The problems in the secondary market related to share transactions of companies opting for merger or acquisition has come finally to an end.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 11: The problems in the secondary market related to share transactions of companies opting for merger or acquisition has come finally to an end. The months-long suspension of share transactions of companies opting for merger or acquisition has come to an end after the Securities Board of Nepal started implementing the Guidelines for Merger/Acquisition of Organised Institutions 2079 effective from November 10. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">At present, the share transactions of 34 companies have been suspended because they are in the process of merger or acquisition.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Since the implementation of the new guidelines, the transactions of shares other than preference share will be allowed in case if a company decides for merger.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the new guidelines, such companies need to submit applications to the Nepal Stock Exchange (NEPSE) and Central Depository and Settlement Corporation Limited (CDSC) seeking approval for transaction of shares other than preference shares. Based on the application, NEPSE and CDSC can make arrangements to immediately lift the suspension on share transactions other than preference shares. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Chairman of the Securities Board of Nepal Ramesh Kumar Hamal said that they succeeded in implementing the new guidelines after relentless efforts. According to Hamal, the new guidelines issued so that the shares of the companies would not have to be suspended for a long time.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the new provision, the share transaction of the companies will be suspended for a maximum of 15 after they start integrated transaction following the completion of all the necessary processes of merger or acquisition. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Hamal further said that the companies opting for merger or acquisition have to complete the process within six months of signing the agreement. If they fail to complete the merger process, the board members will be held accountable. However, Hamal clarified that the six month deadline will not be applicable for the companies that were in the merger process before the guidelines were implemented.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">At present, the maximum number of companies that have initiated the process of merger or acquisition are insurance companies. A total of 16 insurance companies, 8 commercial banks and 10 microfinance companies have initiated the process of merger or acquisition.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16030', 'image' => '20221111042115_20220622042335_share.jpg', 'article_date' => '2022-11-11 16:20:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16288', 'article_category_id' => '1', 'title' => 'EC Issues Directives Regarding Online Dissemination of Election Publicity Materials ', 'sub_title' => '', 'summary' => 'November 11: The Election Commission (EC) has issued a six-point directive for political parties to publish and disseminate their election publicity materials for the upcoming elections. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 11: The Election Commission (EC) has issued a six-point directive for political parties to publish and disseminate their election publicity materials for the upcoming elections. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The election to the member of House of Representatives and Province Assembly is being held on November 20 in a single phase throughout the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">EC spokesperson Shaligram Sharma Poudel said that political parties and the candidates can carry out election canvassing on online media registered with the Department of Information and Broadcasting and enlisted with the Press Council Nepal as per the Election Code of Conduct, 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the decision, political parties and candidates will be allowed to disseminate visual materials related to their election campaigning through online media for a maximum of one minute. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the political parties can also disseminate election publicity materials on online media of private sector as banner, detailed page banner, box advertisement, roadblock, content block as well as the homepage. However, it should be indicated on the election publicity material that it is paid advertisement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The election publicity material disseminated in this way should not include in it any content that is defamatory to anyone, fake information, misinformation and hate speech. If this type of content is found in the election publicity material, it would be considered a violation of the Election Code of Conduct. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct also bars the dissemination of their election publicity materials by parties and candidates on foreign online media. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The political parties and candidates are required to submit to the EC the details of the expenditure while disseminating the election publicity materials through online media and include it in their election expenses details. </span><br /> <strong><span style="font-family:"Arial Unicode MS","sans-serif"">Directive to make polling stations inclusive and disabled-friendly</span></strong> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the EC has issued directives for making the polling stations inclusive and disabled-friendly. It has directed the Chief Election Officer, the Election Officer, Polling Officer and all employees deputed to conduct the election in this regard. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The EC has emphasized on the strict adherence to the 'Gender and Inclusion Policy in Election Management, 2077 BS' and the 'House of Representatives and Province Assembly Member Election (Voting) Guidelines, 2079 BS'. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16029', 'image' => '20221111024238_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-11 14:42:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16287', 'article_category_id' => '1', 'title' => 'Wrong Message on SSF Website Troubles Contributors ', 'sub_title' => '', 'summary' => 'November 11: Contributors of Social Security Fund have had to suffer from a wrong message circulated on its website.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">November 11: Contributors of Social Security Fund have had to suffer from a wrong message circulated on its website. The fund has mentioned on its website that it will bear the cost of treatment under the drug treatment scheme if the contributor receives treatment from the National Trauma Center in Kathmandu.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">However, it has been found that SSF has not signed any agreement with the Trauma Centre to provide treatment to the contributors. Because of this glitch, the contributors visiting the Trauma Center for treatment have had to suffer unnecessary hassles.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The SSF has signed agreements with 17 hospitals across the country so far. As per the agreement, the contributors of SSF can get up to an 80 per cent discount for treatment cost up to Rs 25,000 a year from those hospital for OPD services.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">A contributor who has been continuously contributing to the Social Security Fund for the past three years went to the Trauma Centre for treatment on Monday. He reached the Trauma Centre based on the information provided by the fund on its website. When he asked about the facilities available for treatment at the Trauma Centre, the hospital staff said they were unaware of it.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Then he met the Information Officer of the hospital Arjun Prasad Bhetwal. According to the contributor, Bhetwal also said that since the Trauma Center did not have such an agreement with the SSF, the facility could not be provided.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">"Though we have signed such agreements with other agencies and have been providing treatment facilities, we have not reached an agreement with the Social Security Fund. However, the contributors of the fund keep coming to seek services,” said Bhetwal. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The Social Security Fund also admitted that it did not formally sign a contract with the Trauma Centre. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">SSF spokesperson Vivek Panthi said if any patient receives treatment from the Trauma Centre, he should come to the SSF office along with the hospital bill to claim the payment because the fund has not reached an agreement with the Trauma Centre. The patients complain that such process is complicated.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The Social Security Fund has mentioned that 80 per cent of the annual treatment costs of up to Rs 25,000 in OPD and Rs 100000 for admission charge of the hospital under drug treatment and maternity protection services will be paid directly to the hospital where the patient is admitted and the remaining 20 per cent should be borne by the individual. There are currently 371,000 contributors and 17,400 employers registered with the SSF.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16028', 'image' => '20221111012354_SSF (1).jpg', 'article_date' => '2022-11-11 13:23:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16286', 'article_category_id' => '1', 'title' => 'Import Ban Results in Closure of 58 Vehicle Dealers across the Country ', 'sub_title' => '', 'summary' => 'November 11: The government has banned the imports of vehicles in a bid to save foreign exchange reserves. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 11: The government has banned the imports of vehicles in a bid to save foreign exchange reserves. However, the imports of electric vehicles are allowed. Imports of light vehicles like cars, vans and jeeps for personal use have been banned. But, the ban has resulted in the closure of many dealers across the country, adding financial burdens to the businesspersons, according to the NADA Automobiles Association of Nepal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, hike in interest on loans by banks and financial institutions has also added to their problems. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the last fiscal year (FY 2021/22), banks and financial institutions invested around Rs 95 billion in this sector. According to the latest data of NADA, at least 58 vehicle dealers across the country have shut down as a result of the ban imposed by the government.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, 100 others are on the verge of closure. The vehicle dealers that have shut down include nine in Province 1, 11 in Madhes Province, 18 in Bagmati Province, seven in Gandaki Province, three in Lumbini Province, seven in Karnali Province and three in Sudurpaschim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A total 1,025 vehicle dealers are in operating across the country, said the NADA. Out of them, 145 are in Province 1, 95 in Madhes Province, 378 in Bagmati Province, 182 in Gandaki Province, 105 in Lumbini Province, 62 in Karnali Province and 58 in Sudurpaschim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NADA General-Secretary, Surendra Kumar Upreti, said that the government has extended the ban which has further put this struggling business in trouble. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have been frequently urging the government to remove the ban. We have only got assurance from the government," he shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Upreti further said all dealers operating in the Kathmandu Valley would be closed if the ban continues even after mid-November. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have been running office and providing salaries to staff by taking loan from banks as the business is considerably down. Vehicle dealers have been closed after they could not afford the expenses. Dealers of heavy vehicles will be closed if such situation persists," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the closure of vehicle dealers, more than 1,000 staff across the country have become jobless, according to NADA. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a notice in the Nepal Gazette on April 26, the Ministry of Industry, Commerce and Supplies had banned the imports of 10 different types of items citing a decline in foreign exchange reserves of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although the ban on six of those items have been lifted, the government has extended the ban on the imports of smart phones priced over USD 300, jeeps, cars, vans and motorcycles with capacity of more than 150 cc till December. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16027', 'image' => '20221111121005_nada.jpg', 'article_date' => '2022-11-11 12:09:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16285', 'article_category_id' => '1', 'title' => 'NCC Urges its District Chapters to Defer Protest until the Elections ', 'sub_title' => '', 'summary' => 'November 11: Nepal Chamber of Commerce (NCC) has urged its district and municipal chapters to postpone their ongoing agitation against the interest rate increased by banks and financial institutions until the November 20 elections are over. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 11: Nepal Chamber of Commerce (NCC) has urged its district and municipal chapters to postpone their ongoing agitation against the interest rate increased by banks and financial institutions until the November 20 elections are over. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The district and municipality level chapters of NCC have been asked to put off the agitation considering the elections, according to a statement issued by NCC on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NCC has launched an agitation against the hike in interest rate by banks and financial institutions and against the short-term loan guidelines of the Nepal Rastra Bank. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The statement reads, "The country is in the midst of the elections to the House of Representatives and the Provincial Assembly. The NCC will take initiatives to resolve the problems through discussions with the government while continuing the protest peacefully after the polls. The district and municipality-level chapters of NCC have been urged to postpone all the protest programmes." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NCC President Rajendra Malla argued that continuing the agitation would cause more problems amidst the elections although industrialists have faced a setback due to an extreme increase in the interest rate by banks and financial institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Even though there are many options to decrease the interest rate, the government has not listened to the demands of the industrialists. There is no alternative than to launch a protest soon after the elections," he shared. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16026', 'image' => '20221111111056_NCCC.jpg', 'article_date' => '2022-11-11 11:10:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16283', 'article_category_id' => '1', 'title' => 'Government Recommended to Develop Separate Mechanism for Arrears Settlement ', 'sub_title' => '', 'summary' => 'November 10: The National Planning Commission (NPC) has advised the government to develop a separate committee to deal with the issues related to arrears and find an effective way for its settlement.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 10: The National Planning Commission (NPC) has advised the government to develop a separate committee to deal with the issues related to arrears and find an effective way for its settlement. It has also suggested the government to improve the public finance management system. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> According to a study report prepared by the National Planning Commission, the government requires a separate body to address overdue issues. The report entitled ‘Study Report on the Situation of Public Auditing and Settlement of Arrears in Nepal, 2079 BS' has proposed the government to have a separate body for looking after the issues of arrears. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 59th annual report of the Auditor General, 2079 BS puts the arrears till the fiscal 2020-21 at over Rs 829 billion. The report says that the overdue amount in the review year increased by Rs over 115 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NPC report mentions about the lack of enough discussions on the report of the Auditor General in parliamentary committee, indicating the need for making the account officer more responsible for arrears management and increasing the effectiveness of monitoring and supervision in the relevant sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to NPC Spokesperson Rajendra Kumar Poudel, the size of arrears is increasing in recent years and its impacts are visible in the public finance management, prompting the urgent need to control it in time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report points out the need for identification and pre-preparations before incorporating plans and policies in the budget, stating that coordination among the periodic plans, government policies and programmes and the budget were missing and it caused challenges to the management of arrears. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> The lack of fiscal discipline, the agreement for multi-year projects without permission, and the lack of effective monitoring and supervision are among other factors fueling the problem, it has been stated in the report. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16025', 'image' => '20221110053145_new_logo.jpg', 'article_date' => '2022-11-10 17:31:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16282', 'article_category_id' => '1', 'title' => 'Swiss Businessmen Exploring Business Opportunities in Nepal', 'sub_title' => '', 'summary' => 'November 10: The Embassy of Switzerland in Kathmandu together with Switzerland Global Enterprise (S-GE) and Nepal Swiss Chamber of Commerce and Industries (NSCCI) successfully concluded a first of its kind Swiss business delegation trip to Nepal from November 7 to 9. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 10: The Embassy of Switzerland in Kathmandu together with Switzerland Global Enterprise (S-GE) and Nepal Swiss Chamber of Commerce and Industries (NSCCI) successfully concluded a first of its kind Swiss business delegation trip to Nepal from November 7 to 9. The goal of this mission was to introduce Swiss companies to potential market entry and commercial opportunities in the fast-growing Nepali market, reads a statement issued by the Swiss embassy. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to the statement, fifteen delegates from 10 Swiss companies - Ferring Pharmaceuticals, Roche Diagnostics, Zürcher Kantonalbank, Lufthansa Group, Hilti, PINI, Lombardi, Gherzi, Victorinox, and 2000 Watt Smart Cities participated in the mission. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">“The delegates were exposed to public sector stakeholders, market experts, and private sector practitioners, development finance institutions, covering a range of topics including macroeconomic trends, enabling business environment, policy landscape and targeted opportunities,” the statement added.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The delegation held high-level meetings with Health Minister Bhawani Prasad Khapung, as well as officials of the Ministry of Finance; Ministry of Culture, Tourism and Civil Aviation; Ministry of Industry, Commerce, and Supplies; Nepal Electricity Authority; Department of Roads and the Investment Board of Nepal.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Swiss Ambassador to Nepal Elisabeth von Capeller, said that there is a real opportunity for Swiss companies to enter the Nepali marke as the country shifts gear from political transition to economic transformation. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">“Deepening trade relations with Switzerland can reap benefits in the form of knowledge transfer of Swiss technologies and expertise, and access to a range of choices on products and services for the Nepali people,” the statement quoted Swiss Capeller as saying.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The statement further said that the longstanding friendship that Switzerland and Nepal share was on full display during the delegation’s visit. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">“The discussions, perspectives and exposure to the Nepali market were well-received by the delegation, shaping their understanding of the Nepali market and its tremendous potential.”</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16024', 'image' => '20221110041015_0S3A6045.jpg', 'article_date' => '2022-11-10 16:09:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16284', 'article_category_id' => '1', 'title' => 'Industrialists of Nepal and Singapore agree for Joint Investment', 'sub_title' => '', 'summary' => 'November 10: Industrialists of Nepal and Singapore have reached an understanding to cooperate with each other for joint investment and technology promotion.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">November 10: Industrialists of Nepal and Singapore have reached an understanding to cooperate with each other for joint investment and technology promotion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Subodh Kumar Gupta, president of the Birgunj Chamber of Commerce and Industry, who is currently in a visit to Singapore, informed that the chamber reached such understanding with their counterparts of Singapore during the official visit.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The team of industrialists led by President Gupta reached an agreement with the local entrepreneurs to promote mutual business activities and facilitate business promotion. A memorandum of understanding was signed by president Gupta from Nepal and president Chiu Boon Thong from Singapore Chamber of Commerce and Industry in this regard.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Gupta informed that they have agreed to exchange information related to business, give priority to joint investment and partnership business, arrange technical experts, and promote business visits between the two countries. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Gupta claims that the visit of industrialists from Birgunj to Singapore and Vietnam will be effective in terms of how Nepal can benefit from the development strategy adopted by those countries. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16023', 'image' => '20221110061520_1667973397.bcci.jpg', 'article_date' => '2022-11-10 18:14:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16281', 'article_category_id' => '1', 'title' => 'Security Surveillance Stepped up for Elections ', 'sub_title' => '', 'summary' => 'November 10: Security agencies have stepped up surveillance in view of the parliamentary elections due in 10 days.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 10: Security agencies have stepped up surveillance in view of the parliamentary elections due in 10 days. The voting for the elections to the House of Representatives and Provincial Assembly is scheduled for November 20. The elections will be held in a single phase. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Around 300,000 security personnel of three security agencies have been deployed for the twin elections. Among them 71,693 personnel are from Nepal Police and 115,000 are temporary policepersons. Similarly, a total of 75,000 personnel of the Nepalese Army (NA) and 35,000 of Armed Police Force (APF) are being deployed to ensure the elections are held in a free, impartial and peaceful manner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Ministry of Home Affairs, this time a huge number of security personnel have been mobilized for election security on the need basis. Spokesperson at the Ministry Phadindramani Pokharel shared that the election security was tightened evaluating the challenges in the polling stations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An integrated security plan has been implemented according to which security agencies will provide security in three different layers. In the first ring, Nepal Police will provide security while Armed Police Force and Nepalese Army will provide security in the second and third layers respectively. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal Police Spokesperson and Deputy Inspector General (DIG) Tek Prasad Rai shared that election security plan is good and reliable. "Voters can cast their vote without any fear," he said. According to him, some 28 small groups have announced to boycott the election. The security agencies are closely monitoring them, shared spokesperson Rai. </span><br /> L<span style="font-family:"Arial Unicode MS","sans-serif"">earning from the past experience, police have also devised security plans for contingencies, added Rai. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Armed Police Force (APF) that is deployed in the second layer for election security, has already mobilized required number of personnel while some are in stand-by position to be deployed on need basis. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">APF will mainly provide security to the election offices, election officers and chief election officers among others. Spokesperson of the APF and Senior Superintendent of Police Purushottam Thapa shared that election security bases were set up in various locations and security personnel were mobilized in plain clothes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, mobile patrolling is also being carried out by the APF security personnel while surveillance has been stepped up in border areas as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepalese Army has already started monitoring in all districts as per the mandate given to it by the integrated security plan, said NA Spokesperson Brigadier General Narayan Silwal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prisons, airports and other important infrastructures, guarded by APF and Nepal Police during the previous elections, are being guarded by the Nepalese Army this time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, NA has been entrusted with the responsibility to guard the printing of ballot papers and its transportation. Spokesperson Silwal shared that the army has already made preparations for aerial surveillance, disposal of bombs or neutralizing suspicious objects and explosives during the election. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also, the army has set up separate bases/units in those places uncovered by the already set bases/units, he said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16022', 'image' => '20221110035253_RajendraPaneru_Kanchanpur_RSS_23.jpg', 'article_date' => '2022-11-10 15:52:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16280', 'article_category_id' => '1', 'title' => 'FNCCI Expresses Solidarity with Protests of Industrialists', 'sub_title' => '', 'summary' => 'November 10: The Federation of Nepalese Commerce and Industry (FNCCI), the umbrella organization of the private sector of Nepal, has expressed solidarity with the agitating industrialists who have been protesting across the country over hike in interest rates.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 10: The Federation of Nepalese Commerce and Industry (FNCCI), the umbrella organization of the private sector of Nepal, has expressed solidarity with the agitating industrialists who have been protesting across the country over hike in interest rates and the Working Capital Loan Guidelines implemented by the Nepal Rastra Bank. The federation has expressed its solidarity with the demands put forward by the district chapters of FNCCI and the associate members of the federation who have been opposing the policy of the central bank.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">A meeting of FNCCI held on Wednesday expressed its solidarity with the agitating business community and has requested the central bank to manage liquidity crisis and stabilize interest rate and also to postpone the Working Capital Loan Guidelines. FNCCI has also requested all provincial chapters and member organizations to suspend the ongoing protest program. Likewise, the federation has also requested to provide support from their respective areas to make the elections successful.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">During the period leading up to the election, the federation leadership will continue to be in dialogue with the government and Nepal Rastra Bank, and the federation has expressed its belief that the problems faced by the private sector will be resolved through dialogue. Even after the election, if the demands of the private sector are not addressed by the concerned bodies, the federation has said that it will announce more protest programmess in favour of economic stability and to establish the rights of the private sector.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Businessmen have been holding protest programmes across the country after Dashain stating that the government has introduced policies including a hike in interest rates that have affected the business. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">FNCCI unveiled the "Perceptions of FNCCI for Economic Stability '' on Wednesday and expressed the demands would be addressed in the meantime. It is mentioned in the statement that if the demand is not addressed even before the election, FNNCI will introduce other programs.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The federation said that lack of demand in the market has been affecting business, and the private sector is suffering due to the increase in interest rates and the guidelines implemented by the central bank. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"The federation is in solidarity with the demands put forward by the district unions," the federation said in a statement. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"However, the election of the members of the House of Representatives and the State Assembly is going to be held on November 20, and the election is important for the democratic system and open market economy," the statement added. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16021', 'image' => '20221110121248_Protest.jpg', 'article_date' => '2022-11-10 12:12:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 13: Nepal Airlines Corporation (NAC) is preparing to operate international flights from Bhairahawa-based Gautam Buddha International Airport. NAC Spokesperson Archana Khadka told the state-owned national news agency RSS that preparations are underway to operate international flights from Gautam Buddha Airport by the end of December. <br /> The national flag carrier of Nepal has formed committee under the coordination of Commerce Director of NAC, Janakraj Kalakheti, to conduct a study in this regard, RSS reported. <br /> "Preparations are underway to operate international flights by the end of this December. The NAC board will finalize the destinations after the study committee submits its report," RSS quoted Khadka as saying. <br /> Jazeera Airlines is the first airlines to operate flights from GBIA since the airport officially came into operation on May </span><span style="font-family:"Arial Unicode MS","sans-serif"">16 this year. The airline company been operating three flights a week between Kuwait and Gautam Buddha International Airport. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Himalaya Airlines has been operating regular chartered flights to Kuala Lumpur of Malaysia from Gautam Buddha International Airport since November 3. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Civil Aviation Authority of Nepal has urged in written to five international airliners as well as Nepal Airlines and Himalaya Airlines to operate flights from the newly launched airport. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Currently, NAC has been conducting flights to 10 destinations of eight countries across the world. It has two wide-body and two narrow-body aircraft for international flights. </span></span></span><br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-13', 'modified' => '2022-11-13', 'keywords' => '', 'description' => '', 'sortorder' => '16035', 'image' => '20221113111754_NAC.jpg', 'article_date' => '2022-11-13 11:17:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16293', 'article_category_id' => '1', 'title' => 'At Least $1 Billion of Client Funds Missing at Failed Crypto Firm FTX', 'sub_title' => '', 'summary' => 'November 12: At least one billion dollars of customer funds have vanished from collapsed crypto exchange FTX, Reuters reported citing people familiar with the matter.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 12: At least one billion dollars of customer funds have vanished from collapsed crypto exchange FTX, Reuters reported citing people familiar with the matter.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the news agency, the exchange's founder Sam Bankman-Fried secretly transferred US$10 billion of customer funds from FTX to Bankman-Fried's trading company Alameda Research.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A large portion of that total has since disappeared, Reuters said referring to information provided by two people familiar with the matter. One source put the missing amount at about $1.7 billion. The other said the gap was between $1 billion and $2 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">While it is known that FTX moved customer funds to Alameda, the missing funds are reported here for the first time, Reuters said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The financial hole was revealed in records that Bankman-Fried shared with other senior executives last Sunday, according to the two sources. Reuters reported that both sources held senior FTX positions until this week and said they were briefed on the company's finances by top staff.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Bahamas-based FTX filed for bankruptcy on Friday after a rush of customer withdrawals earlier this week. A rescue deal with rival exchange Binance fell through, precipitating crypto’s highest-profile collapse in recent years.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At the heart of FTX's problems were losses at Alameda that most FTX executives did not know about, Reuters reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the news agency, customer withdrawals had surged last Sunday after Changpeng Zhao, CEO of giant crypto exchange Binance, said Binance would sell its entire stake in FTX's digital token, worth at least $580 million, "due to recent revelations." Four days before, news outlet CoinDesk reported that much of Alameda's $14.6 billion in assets were held in the token.</span></span></p> ', 'published' => true, 'created' => '2022-11-12', 'modified' => '2022-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '16034', 'image' => '20221112100220_Cryptoshutterstock_1434643079.jpg', 'article_date' => '2022-11-12 10:01:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16292', 'article_category_id' => '1', 'title' => 'Parties Coming Up with Stale Agendas for Fresh Elections ', 'sub_title' => '', 'summary' => 'November 12: Almost all the political parties are scrambling to woo the voters ahead of the November 20 election to the House of Representatives and Provincial Assembly. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 12: Almost all the political parties are scrambling to woo the voters ahead of the November 20 election to the House of Representatives and Provincial Assembly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They are primarily raising issues related to political stability, good governance, prosperity and law and order in course of their election campaigns. However, these issues figured in the election agenda of the parties in the last elections as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The political parties have also included in their election manifestos topics like protection of nationalism, national sovereignty, building a self-reliant economy, increasing employment, infrastructure development, citizenship and issues related to religion and culture. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In this connection, the Nepalka Lagi Nepali (Nepalis for Nepal) Party has vociferously raised the issues of curbing corruption and promotion of the 'Prithvipath' and 'Nepalwad'. According to this party, Prithvipath is the principles propounded by King Prithvi Narayan Shah, the unifier of modern Nepal, and Nepalwad is the policy of Nepal first, said the party president Bal Krishna Neupane. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepalka Lagi Nepali Party's election symbol is the 'conch'. The party has fielded 110 candidates under the first-past-the-post (FPTP) and the proportional electoral system. Moreover, the party has prioritized issues like investigating the assets of persons holding high public posts from the time of Panchayat system till present, adoption of a directly-elected prime minister, restoration of monarchical system and barring the legislators from becoming ministers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Some of the political parties have highlighted issues such as deteriorating economy, external interference in national affairs, establishing social justice and self-reliance, addressing the problems of women, children and senior citizens, and that of education, health and social security, in their election manifestos. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nagarik Unmukti Party (Citizen Liberation Party) led by Ranjita Shrestha has primarily highlighted topics like the nation's development, identity, good governance, prosperity and inclusive identity in its manifesto. This party has fielded 85 candidacies for the House of Representatives and 137 candidacies for the Provincial Assembly member election. It has been advocating for a directly-elected president or prime minister. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Kirant Khumbuwan Sajha Party has fielded only one candidate for the House of Representatives and 15 candidates for Provincial Assembly in the FPTP system and 15 for the proportional representation seats. The party with the election symbol of 'Dhaka cap’ has voiced for naming Province 1 as the Kirant Province, smooth supply of drinking water in Dharan, corruption control and addressing the burning problems in the education and health sectors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The party has also advocated for adopting a directly-elected prime minister and fully-proportional election system for institutionalizing political stability in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Tamang Shaling Loktantrik Party with the 'Vajra' as its election symbol has fielded one candidate for the House of Representatives election and 20 candidates for the Provincial Assembly, said party chairperson Simang Tamang. The party has been demanding reforms in the election system to make it less costly and adoption of a fully-proportional election system where the candidates are selected based on the population of the ethnic groups. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Miteri Party Nepal with election symbol ‘Horse' has called for redrawing the new administrative map of the country into five development regions and restoration of constitutional monarchy, said the party president Ghanendra Basnet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal Bibeksheel Party has fielded only two candidacies for House of Representatives. The party with election symbol the 'Dog Face' has advocated for extensive reforms in the present form of governance and election system, according to party president Karma Lama. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Mangol National Organisation with its election symbol ‘rooster' is contesting the election to 238 seats for House of Representatives and Province Assembly from 50 districts, shared the party president Buddha Lal Meche. This party's main election agenda are democracy, secularism, federalism and the protection of rights and existence of the indigenous people. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Sanghiya Lokatantrik Rastriya Manch (Federal Democratic National Forum)'s chairperson Kumar Lingden said his party has fielded candidacies in 86 electoral constituencies in six provinces in this election. Federalism with identity, removal of the present minimum vote threshold for parties and empowerment of the provinces are the key issues the party has been advocating for. Its election symbol is 'Khukuri with the Sheath'. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Bahujan Ekata Party Nepal has kept equality, independence, self-respect and prosperity as its top priorities. The party's election symbol is the 'Seven-step Stairs'. It has fielded 34 candidates towards the FPTP and 49 candidates towards the proportional representation system of election. The party is for adopting a governance system where either the president or the prime minister is directly elected by the people. It has also been advocating for adopting a fully proportional election system along with reservation quotas for the ethnic groups. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is found that the election candidates are also putting forth the same old ideas like maintaining law and order, good governance, easing the supply of fertiliser, providing irrigation and expanding road networks, among other promises. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-12', 'modified' => '2022-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '16033', 'image' => '20221112095016_NA_Chitwan-IMG_2752.jpg', 'article_date' => '2022-11-12 09:49:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16291', 'article_category_id' => '1', 'title' => 'Nurses in UK to go on Strike for First Time in History', 'sub_title' => '', 'summary' => 'November 11: Tens of thousands of nurses in the United Kingdom will go on strike for the first time demanding better pay as the cost of living soars, Al Jazeera reported on Thursday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 11: Tens of thousands of nurses in the United Kingdom will go on strike for the first time demanding better pay as the cost of living soars, Al Jazeera reported on Thursday.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to the Gulf news portal said citing the Royal College of Nursing (RCN) that nurses at most of the state-run National Health Service (NHS) across the country have voted for the action.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The RCN, which has more than 300,000 members, said industrial action would begin before the end of the year, after the first vote on strike action in its 106-year-old history, Al Jazeera further reported.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">“Anger has become action – our members are saying enough is enough,” Al Jazeera quoted RCN General Secretary Pat Cullen as saying. “This action will be as much for patients as it is for nurses. Standards are falling too low.”</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to Al Jazeera, NHS nurses have seen their salaries drop by up to 20 percent in real terms over the last 10 years, leaving members struggling to feed their families and pay their bills, the RCN has said.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">NHS reportedly said in September nurses were skipping meals to feed and clothe their children and were struggling to afford rising transport costs.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">It may be noted that the Government of Nepal had signed a bilateral agreement with the UK in August with the aim of securing highly-paid jobs for Nepali youths in the UK, especially in the healthcare sector.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The MoU has pledged that the Nepali healthcare professional will receive equal rights, privileges, protections and dignity as health professionals from the UK, the state-owned national news agency of Nepal RSS reported.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to the RSS, Nepali citizens aged between 20 and 45 years holding a valid Nepali passport can file application. The applicant should have an active professional license from the Nepal Nursing Council and at least two years of experience in a registered hospital in Nepal. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Meanwhile, Al Jazeera reported that the UK has seen a wave of industrial unrest this year across industries from railways to the law as pay fails to keep up with inflation, running at 10 percent, and surging energy costs.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16032', 'image' => '20221111050902_0_A-nurse-holds-a-placard-demanding-fair-pay-rise-from-the.jpg', 'article_date' => '2022-11-11 17:08:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16290', 'article_category_id' => '1', 'title' => 'World Travel Market in UK will Help Revitalize Nepal's Tourism: NTB', 'sub_title' => '', 'summary' => 'November 11: The Nepal Tourism Board insists that the World Travel Market (WTM) programme held in London will be helpful in the revival of Nepal’s tourism sector. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 11: The Nepal Tourism Board insists that the World Travel Market (WTM) programme held in London will be helpful in the revival of Nepal’s tourism sector. The board said that the event, considered to be the world's largest tourism fair, will help the private sector in renewing old business contacts and expanding new contacts in tourism.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Dhananjay Regmi, chief executive officer of the Nepal Tourism Board, said that Nepal's participation in the fair organized after the Covid-19 pandemic is beneficial for the tourism sector. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"Nepal has been participating in various tourism promotion programmes organized at the international level after the Covid-19," said Regmi, adding that this will help in promoting tourism in post-Covid Nepal in many ways.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">WTM was attended by all types of international tourism organizations, ministries of tourism, travel agents, tour operators, hoteliers, travel tech companies, airliners, adventure sports companies, etc. Also, bloggers, tourism market consultants and tourism experts exhibited their products at the WTM.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Likewise, Nepal’s stall at the WTM was visited by tourism professionals, marketing consultants, media, tour operators and others from different countries, including the UK. British mountaineers and adventurers Sir Chris Bonington and Alan Hicks recalled their climbing experience in Nepal and urged all the British people to visit Nepal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">More than 100 British travel and tour operators and British climbers participated in the event. A total of 24 travel and tourism-related companies from Nepal participated at the WTM under the leadership of the Nepal Tourism Board. Nepal’s stall at the WTM was inaugurated on Monday by the Nepalese ambassador to the UK, Gyan Chandra Acharya.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16031', 'image' => '20221111043446_tournba.jpg', 'article_date' => '2022-11-11 16:34:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16289', 'article_category_id' => '1', 'title' => 'Suspension of Share Transaction of Merging Companies to Remain in Force for 15 Days', 'sub_title' => '', 'summary' => 'November 11: The problems in the secondary market related to share transactions of companies opting for merger or acquisition has come finally to an end.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 11: The problems in the secondary market related to share transactions of companies opting for merger or acquisition has come finally to an end. The months-long suspension of share transactions of companies opting for merger or acquisition has come to an end after the Securities Board of Nepal started implementing the Guidelines for Merger/Acquisition of Organised Institutions 2079 effective from November 10. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">At present, the share transactions of 34 companies have been suspended because they are in the process of merger or acquisition.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Since the implementation of the new guidelines, the transactions of shares other than preference share will be allowed in case if a company decides for merger.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the new guidelines, such companies need to submit applications to the Nepal Stock Exchange (NEPSE) and Central Depository and Settlement Corporation Limited (CDSC) seeking approval for transaction of shares other than preference shares. Based on the application, NEPSE and CDSC can make arrangements to immediately lift the suspension on share transactions other than preference shares. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Chairman of the Securities Board of Nepal Ramesh Kumar Hamal said that they succeeded in implementing the new guidelines after relentless efforts. According to Hamal, the new guidelines issued so that the shares of the companies would not have to be suspended for a long time.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the new provision, the share transaction of the companies will be suspended for a maximum of 15 after they start integrated transaction following the completion of all the necessary processes of merger or acquisition. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Hamal further said that the companies opting for merger or acquisition have to complete the process within six months of signing the agreement. If they fail to complete the merger process, the board members will be held accountable. However, Hamal clarified that the six month deadline will not be applicable for the companies that were in the merger process before the guidelines were implemented.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">At present, the maximum number of companies that have initiated the process of merger or acquisition are insurance companies. A total of 16 insurance companies, 8 commercial banks and 10 microfinance companies have initiated the process of merger or acquisition.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16030', 'image' => '20221111042115_20220622042335_share.jpg', 'article_date' => '2022-11-11 16:20:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16288', 'article_category_id' => '1', 'title' => 'EC Issues Directives Regarding Online Dissemination of Election Publicity Materials ', 'sub_title' => '', 'summary' => 'November 11: The Election Commission (EC) has issued a six-point directive for political parties to publish and disseminate their election publicity materials for the upcoming elections. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 11: The Election Commission (EC) has issued a six-point directive for political parties to publish and disseminate their election publicity materials for the upcoming elections. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The election to the member of House of Representatives and Province Assembly is being held on November 20 in a single phase throughout the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">EC spokesperson Shaligram Sharma Poudel said that political parties and the candidates can carry out election canvassing on online media registered with the Department of Information and Broadcasting and enlisted with the Press Council Nepal as per the Election Code of Conduct, 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the decision, political parties and candidates will be allowed to disseminate visual materials related to their election campaigning through online media for a maximum of one minute. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the political parties can also disseminate election publicity materials on online media of private sector as banner, detailed page banner, box advertisement, roadblock, content block as well as the homepage. However, it should be indicated on the election publicity material that it is paid advertisement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The election publicity material disseminated in this way should not include in it any content that is defamatory to anyone, fake information, misinformation and hate speech. If this type of content is found in the election publicity material, it would be considered a violation of the Election Code of Conduct. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct also bars the dissemination of their election publicity materials by parties and candidates on foreign online media. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The political parties and candidates are required to submit to the EC the details of the expenditure while disseminating the election publicity materials through online media and include it in their election expenses details. </span><br /> <strong><span style="font-family:"Arial Unicode MS","sans-serif"">Directive to make polling stations inclusive and disabled-friendly</span></strong> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the EC has issued directives for making the polling stations inclusive and disabled-friendly. It has directed the Chief Election Officer, the Election Officer, Polling Officer and all employees deputed to conduct the election in this regard. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The EC has emphasized on the strict adherence to the 'Gender and Inclusion Policy in Election Management, 2077 BS' and the 'House of Representatives and Province Assembly Member Election (Voting) Guidelines, 2079 BS'. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16029', 'image' => '20221111024238_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-11 14:42:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16287', 'article_category_id' => '1', 'title' => 'Wrong Message on SSF Website Troubles Contributors ', 'sub_title' => '', 'summary' => 'November 11: Contributors of Social Security Fund have had to suffer from a wrong message circulated on its website.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">November 11: Contributors of Social Security Fund have had to suffer from a wrong message circulated on its website. The fund has mentioned on its website that it will bear the cost of treatment under the drug treatment scheme if the contributor receives treatment from the National Trauma Center in Kathmandu.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">However, it has been found that SSF has not signed any agreement with the Trauma Centre to provide treatment to the contributors. Because of this glitch, the contributors visiting the Trauma Center for treatment have had to suffer unnecessary hassles.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The SSF has signed agreements with 17 hospitals across the country so far. As per the agreement, the contributors of SSF can get up to an 80 per cent discount for treatment cost up to Rs 25,000 a year from those hospital for OPD services.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">A contributor who has been continuously contributing to the Social Security Fund for the past three years went to the Trauma Centre for treatment on Monday. He reached the Trauma Centre based on the information provided by the fund on its website. When he asked about the facilities available for treatment at the Trauma Centre, the hospital staff said they were unaware of it.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Then he met the Information Officer of the hospital Arjun Prasad Bhetwal. According to the contributor, Bhetwal also said that since the Trauma Center did not have such an agreement with the SSF, the facility could not be provided.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">"Though we have signed such agreements with other agencies and have been providing treatment facilities, we have not reached an agreement with the Social Security Fund. However, the contributors of the fund keep coming to seek services,” said Bhetwal. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The Social Security Fund also admitted that it did not formally sign a contract with the Trauma Centre. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">SSF spokesperson Vivek Panthi said if any patient receives treatment from the Trauma Centre, he should come to the SSF office along with the hospital bill to claim the payment because the fund has not reached an agreement with the Trauma Centre. The patients complain that such process is complicated.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The Social Security Fund has mentioned that 80 per cent of the annual treatment costs of up to Rs 25,000 in OPD and Rs 100000 for admission charge of the hospital under drug treatment and maternity protection services will be paid directly to the hospital where the patient is admitted and the remaining 20 per cent should be borne by the individual. There are currently 371,000 contributors and 17,400 employers registered with the SSF.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16028', 'image' => '20221111012354_SSF (1).jpg', 'article_date' => '2022-11-11 13:23:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16286', 'article_category_id' => '1', 'title' => 'Import Ban Results in Closure of 58 Vehicle Dealers across the Country ', 'sub_title' => '', 'summary' => 'November 11: The government has banned the imports of vehicles in a bid to save foreign exchange reserves. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 11: The government has banned the imports of vehicles in a bid to save foreign exchange reserves. However, the imports of electric vehicles are allowed. Imports of light vehicles like cars, vans and jeeps for personal use have been banned. But, the ban has resulted in the closure of many dealers across the country, adding financial burdens to the businesspersons, according to the NADA Automobiles Association of Nepal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, hike in interest on loans by banks and financial institutions has also added to their problems. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the last fiscal year (FY 2021/22), banks and financial institutions invested around Rs 95 billion in this sector. According to the latest data of NADA, at least 58 vehicle dealers across the country have shut down as a result of the ban imposed by the government.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, 100 others are on the verge of closure. The vehicle dealers that have shut down include nine in Province 1, 11 in Madhes Province, 18 in Bagmati Province, seven in Gandaki Province, three in Lumbini Province, seven in Karnali Province and three in Sudurpaschim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A total 1,025 vehicle dealers are in operating across the country, said the NADA. Out of them, 145 are in Province 1, 95 in Madhes Province, 378 in Bagmati Province, 182 in Gandaki Province, 105 in Lumbini Province, 62 in Karnali Province and 58 in Sudurpaschim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NADA General-Secretary, Surendra Kumar Upreti, said that the government has extended the ban which has further put this struggling business in trouble. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have been frequently urging the government to remove the ban. We have only got assurance from the government," he shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Upreti further said all dealers operating in the Kathmandu Valley would be closed if the ban continues even after mid-November. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have been running office and providing salaries to staff by taking loan from banks as the business is considerably down. Vehicle dealers have been closed after they could not afford the expenses. Dealers of heavy vehicles will be closed if such situation persists," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the closure of vehicle dealers, more than 1,000 staff across the country have become jobless, according to NADA. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a notice in the Nepal Gazette on April 26, the Ministry of Industry, Commerce and Supplies had banned the imports of 10 different types of items citing a decline in foreign exchange reserves of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although the ban on six of those items have been lifted, the government has extended the ban on the imports of smart phones priced over USD 300, jeeps, cars, vans and motorcycles with capacity of more than 150 cc till December. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16027', 'image' => '20221111121005_nada.jpg', 'article_date' => '2022-11-11 12:09:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16285', 'article_category_id' => '1', 'title' => 'NCC Urges its District Chapters to Defer Protest until the Elections ', 'sub_title' => '', 'summary' => 'November 11: Nepal Chamber of Commerce (NCC) has urged its district and municipal chapters to postpone their ongoing agitation against the interest rate increased by banks and financial institutions until the November 20 elections are over. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 11: Nepal Chamber of Commerce (NCC) has urged its district and municipal chapters to postpone their ongoing agitation against the interest rate increased by banks and financial institutions until the November 20 elections are over. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The district and municipality level chapters of NCC have been asked to put off the agitation considering the elections, according to a statement issued by NCC on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NCC has launched an agitation against the hike in interest rate by banks and financial institutions and against the short-term loan guidelines of the Nepal Rastra Bank. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The statement reads, "The country is in the midst of the elections to the House of Representatives and the Provincial Assembly. The NCC will take initiatives to resolve the problems through discussions with the government while continuing the protest peacefully after the polls. The district and municipality-level chapters of NCC have been urged to postpone all the protest programmes." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NCC President Rajendra Malla argued that continuing the agitation would cause more problems amidst the elections although industrialists have faced a setback due to an extreme increase in the interest rate by banks and financial institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Even though there are many options to decrease the interest rate, the government has not listened to the demands of the industrialists. There is no alternative than to launch a protest soon after the elections," he shared. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-11', 'modified' => '2022-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '16026', 'image' => '20221111111056_NCCC.jpg', 'article_date' => '2022-11-11 11:10:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16283', 'article_category_id' => '1', 'title' => 'Government Recommended to Develop Separate Mechanism for Arrears Settlement ', 'sub_title' => '', 'summary' => 'November 10: The National Planning Commission (NPC) has advised the government to develop a separate committee to deal with the issues related to arrears and find an effective way for its settlement.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 10: The National Planning Commission (NPC) has advised the government to develop a separate committee to deal with the issues related to arrears and find an effective way for its settlement. It has also suggested the government to improve the public finance management system. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> According to a study report prepared by the National Planning Commission, the government requires a separate body to address overdue issues. The report entitled ‘Study Report on the Situation of Public Auditing and Settlement of Arrears in Nepal, 2079 BS' has proposed the government to have a separate body for looking after the issues of arrears. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 59th annual report of the Auditor General, 2079 BS puts the arrears till the fiscal 2020-21 at over Rs 829 billion. The report says that the overdue amount in the review year increased by Rs over 115 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NPC report mentions about the lack of enough discussions on the report of the Auditor General in parliamentary committee, indicating the need for making the account officer more responsible for arrears management and increasing the effectiveness of monitoring and supervision in the relevant sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to NPC Spokesperson Rajendra Kumar Poudel, the size of arrears is increasing in recent years and its impacts are visible in the public finance management, prompting the urgent need to control it in time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report points out the need for identification and pre-preparations before incorporating plans and policies in the budget, stating that coordination among the periodic plans, government policies and programmes and the budget were missing and it caused challenges to the management of arrears. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> The lack of fiscal discipline, the agreement for multi-year projects without permission, and the lack of effective monitoring and supervision are among other factors fueling the problem, it has been stated in the report. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16025', 'image' => '20221110053145_new_logo.jpg', 'article_date' => '2022-11-10 17:31:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16282', 'article_category_id' => '1', 'title' => 'Swiss Businessmen Exploring Business Opportunities in Nepal', 'sub_title' => '', 'summary' => 'November 10: The Embassy of Switzerland in Kathmandu together with Switzerland Global Enterprise (S-GE) and Nepal Swiss Chamber of Commerce and Industries (NSCCI) successfully concluded a first of its kind Swiss business delegation trip to Nepal from November 7 to 9. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 10: The Embassy of Switzerland in Kathmandu together with Switzerland Global Enterprise (S-GE) and Nepal Swiss Chamber of Commerce and Industries (NSCCI) successfully concluded a first of its kind Swiss business delegation trip to Nepal from November 7 to 9. The goal of this mission was to introduce Swiss companies to potential market entry and commercial opportunities in the fast-growing Nepali market, reads a statement issued by the Swiss embassy. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to the statement, fifteen delegates from 10 Swiss companies - Ferring Pharmaceuticals, Roche Diagnostics, Zürcher Kantonalbank, Lufthansa Group, Hilti, PINI, Lombardi, Gherzi, Victorinox, and 2000 Watt Smart Cities participated in the mission. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">“The delegates were exposed to public sector stakeholders, market experts, and private sector practitioners, development finance institutions, covering a range of topics including macroeconomic trends, enabling business environment, policy landscape and targeted opportunities,” the statement added.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The delegation held high-level meetings with Health Minister Bhawani Prasad Khapung, as well as officials of the Ministry of Finance; Ministry of Culture, Tourism and Civil Aviation; Ministry of Industry, Commerce, and Supplies; Nepal Electricity Authority; Department of Roads and the Investment Board of Nepal.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Swiss Ambassador to Nepal Elisabeth von Capeller, said that there is a real opportunity for Swiss companies to enter the Nepali marke as the country shifts gear from political transition to economic transformation. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">“Deepening trade relations with Switzerland can reap benefits in the form of knowledge transfer of Swiss technologies and expertise, and access to a range of choices on products and services for the Nepali people,” the statement quoted Swiss Capeller as saying.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The statement further said that the longstanding friendship that Switzerland and Nepal share was on full display during the delegation’s visit. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">“The discussions, perspectives and exposure to the Nepali market were well-received by the delegation, shaping their understanding of the Nepali market and its tremendous potential.”</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16024', 'image' => '20221110041015_0S3A6045.jpg', 'article_date' => '2022-11-10 16:09:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16284', 'article_category_id' => '1', 'title' => 'Industrialists of Nepal and Singapore agree for Joint Investment', 'sub_title' => '', 'summary' => 'November 10: Industrialists of Nepal and Singapore have reached an understanding to cooperate with each other for joint investment and technology promotion.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">November 10: Industrialists of Nepal and Singapore have reached an understanding to cooperate with each other for joint investment and technology promotion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Subodh Kumar Gupta, president of the Birgunj Chamber of Commerce and Industry, who is currently in a visit to Singapore, informed that the chamber reached such understanding with their counterparts of Singapore during the official visit.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The team of industrialists led by President Gupta reached an agreement with the local entrepreneurs to promote mutual business activities and facilitate business promotion. A memorandum of understanding was signed by president Gupta from Nepal and president Chiu Boon Thong from Singapore Chamber of Commerce and Industry in this regard.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Gupta informed that they have agreed to exchange information related to business, give priority to joint investment and partnership business, arrange technical experts, and promote business visits between the two countries. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Gupta claims that the visit of industrialists from Birgunj to Singapore and Vietnam will be effective in terms of how Nepal can benefit from the development strategy adopted by those countries. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16023', 'image' => '20221110061520_1667973397.bcci.jpg', 'article_date' => '2022-11-10 18:14:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16281', 'article_category_id' => '1', 'title' => 'Security Surveillance Stepped up for Elections ', 'sub_title' => '', 'summary' => 'November 10: Security agencies have stepped up surveillance in view of the parliamentary elections due in 10 days.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 10: Security agencies have stepped up surveillance in view of the parliamentary elections due in 10 days. The voting for the elections to the House of Representatives and Provincial Assembly is scheduled for November 20. The elections will be held in a single phase. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Around 300,000 security personnel of three security agencies have been deployed for the twin elections. Among them 71,693 personnel are from Nepal Police and 115,000 are temporary policepersons. Similarly, a total of 75,000 personnel of the Nepalese Army (NA) and 35,000 of Armed Police Force (APF) are being deployed to ensure the elections are held in a free, impartial and peaceful manner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Ministry of Home Affairs, this time a huge number of security personnel have been mobilized for election security on the need basis. Spokesperson at the Ministry Phadindramani Pokharel shared that the election security was tightened evaluating the challenges in the polling stations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An integrated security plan has been implemented according to which security agencies will provide security in three different layers. In the first ring, Nepal Police will provide security while Armed Police Force and Nepalese Army will provide security in the second and third layers respectively. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal Police Spokesperson and Deputy Inspector General (DIG) Tek Prasad Rai shared that election security plan is good and reliable. "Voters can cast their vote without any fear," he said. According to him, some 28 small groups have announced to boycott the election. The security agencies are closely monitoring them, shared spokesperson Rai. </span><br /> L<span style="font-family:"Arial Unicode MS","sans-serif"">earning from the past experience, police have also devised security plans for contingencies, added Rai. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Armed Police Force (APF) that is deployed in the second layer for election security, has already mobilized required number of personnel while some are in stand-by position to be deployed on need basis. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">APF will mainly provide security to the election offices, election officers and chief election officers among others. Spokesperson of the APF and Senior Superintendent of Police Purushottam Thapa shared that election security bases were set up in various locations and security personnel were mobilized in plain clothes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, mobile patrolling is also being carried out by the APF security personnel while surveillance has been stepped up in border areas as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepalese Army has already started monitoring in all districts as per the mandate given to it by the integrated security plan, said NA Spokesperson Brigadier General Narayan Silwal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prisons, airports and other important infrastructures, guarded by APF and Nepal Police during the previous elections, are being guarded by the Nepalese Army this time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, NA has been entrusted with the responsibility to guard the printing of ballot papers and its transportation. Spokesperson Silwal shared that the army has already made preparations for aerial surveillance, disposal of bombs or neutralizing suspicious objects and explosives during the election. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also, the army has set up separate bases/units in those places uncovered by the already set bases/units, he said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16022', 'image' => '20221110035253_RajendraPaneru_Kanchanpur_RSS_23.jpg', 'article_date' => '2022-11-10 15:52:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16280', 'article_category_id' => '1', 'title' => 'FNCCI Expresses Solidarity with Protests of Industrialists', 'sub_title' => '', 'summary' => 'November 10: The Federation of Nepalese Commerce and Industry (FNCCI), the umbrella organization of the private sector of Nepal, has expressed solidarity with the agitating industrialists who have been protesting across the country over hike in interest rates.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 10: The Federation of Nepalese Commerce and Industry (FNCCI), the umbrella organization of the private sector of Nepal, has expressed solidarity with the agitating industrialists who have been protesting across the country over hike in interest rates and the Working Capital Loan Guidelines implemented by the Nepal Rastra Bank. The federation has expressed its solidarity with the demands put forward by the district chapters of FNCCI and the associate members of the federation who have been opposing the policy of the central bank.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">A meeting of FNCCI held on Wednesday expressed its solidarity with the agitating business community and has requested the central bank to manage liquidity crisis and stabilize interest rate and also to postpone the Working Capital Loan Guidelines. FNCCI has also requested all provincial chapters and member organizations to suspend the ongoing protest program. Likewise, the federation has also requested to provide support from their respective areas to make the elections successful.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">During the period leading up to the election, the federation leadership will continue to be in dialogue with the government and Nepal Rastra Bank, and the federation has expressed its belief that the problems faced by the private sector will be resolved through dialogue. Even after the election, if the demands of the private sector are not addressed by the concerned bodies, the federation has said that it will announce more protest programmess in favour of economic stability and to establish the rights of the private sector.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Businessmen have been holding protest programmes across the country after Dashain stating that the government has introduced policies including a hike in interest rates that have affected the business. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">FNCCI unveiled the "Perceptions of FNCCI for Economic Stability '' on Wednesday and expressed the demands would be addressed in the meantime. It is mentioned in the statement that if the demand is not addressed even before the election, FNNCI will introduce other programs.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The federation said that lack of demand in the market has been affecting business, and the private sector is suffering due to the increase in interest rates and the guidelines implemented by the central bank. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"The federation is in solidarity with the demands put forward by the district unions," the federation said in a statement. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"However, the election of the members of the House of Representatives and the State Assembly is going to be held on November 20, and the election is important for the democratic system and open market economy," the statement added. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-10', 'modified' => '2022-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '16021', 'image' => '20221110121248_Protest.jpg', 'article_date' => '2022-11-10 12:12:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
