November 2: Nepali cardamom has received the Halal…
November 2: Nepali cardamom has received the Halal…
November 2: Prices of wheat and corn on global commodities markets rose on Monday after Russia pulled out of a deal that had allowed some vital grain exports from Ukraine to pass through the Black Sea despite the war, the CNN…
November 2: The number of foreign tourists visiting Hanuman Dhoka Durbar Square, a place of historical, archeological and religious value in the capital, is increasing of…
November 2: The placing of embossed number plates, which is considered vital for the safety of vehicles, has been…
November 1: Bank of Kathmandu (BOK) has announced cash-back offer even after the festive…
November 1: Nepal-India Chamber of Commerce and Industry (NICCI) held discussions with representatives of Bangladesh regarding bilateral investment in the hydropower…
November 1: Stating that Nepal’s situation is not as dire as that of Sri Lanka, the World Bank has suggested removing the ban on the import of the some luxury goods.…
November 1: Prime Minister Sher Bahadur Deuba has said that Nepal is at high risk due to regional and global climate…
November 1: Two years ago, Nepal Rice, Oil and Pulses Industry Association had requested the government to introduce a law on debt…
November 1: The Civil Aviation Authority of Nepal (CAAN) has decided to conduct international chartered flights from the newly-constructed Gautam Buddha International Airport (GBIA) in…
November 1: A total of 161 climbers have so far succeeded in climbing Mt Manslu in this spring season.…
Novermber 1: The World Bank has projected Nepal's economic growth rate to reach 5.8 per cent in…
October 31: Domestic and foreign tourists have started arriving in Kanchenjunga region, the home to the third highest peak in the…
October 31: According to government data, 1.2 million tons of fruits are produced annually in Nepal.…
October 31: Last-minute cancellation of a Nepal Airlines Corporation (NAC) flight to New Delhi on Sunday afternoon left 2544 passengers stranded.…
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It means that the cardamoms which were earlier exported only to India and Pakistan can now be exported to the Gulf countries. This certificate is a must to export food to the Gulf countries.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">India is the largest market for Nepali cardamom while Nepal has been exporting cardamoms to Pakistan since the last three years. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Nirmal Bhattarai, president of the Nepal Cardamom Traders Federation, it takes a long time for Nepali cardamom to reach Pakistan. He said Gulf countries have more opportunities than Pakistan due to price fluctuation. The producers will now export directly to the Gulf countries as they now have the Halal Certificate.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Nepali cardamom is exported under the brand name 'Everest Large Cardamom'. The government issued a trademark for cardamom on July 3, 2016 so that it can be exported under the name of Nepal in the international market. Four later, Pakistan approved the Nepali brand. Last year, 37.5 metric tons of cardamom worth Rs 50 million were exported to Pakistan. Although Nepali cardamom is preferred in Pakistan, the trading process is long (45 days), and the price is low. So, businessmen started looking for a market in the Gulf countries.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Since Nepali cardamom has received the Halal Certificate, traders will now export it to Qatar under its trademark.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">It is expected that the falling price of cardamom will go up now. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Halal Certificate is an organic registeration given by Qatar to products produced according to its standards. To get a Halal Certificate, cardamom must be produced organically, gloves must be worn while harvesting and picking them, and pigs must not be kept in the production area. Nepali farmers have fulfilled these criteria. Only cardamom that meets the standards can be exported to the Gulf countries.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Everest Large Cardamom got its market after Pakistan registered it. Rajkumar Karki, the former president of the Cardamom Traders Federation, said that Nepali cardamom is still being sold as an Indian product in the world market.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Karki, 95 per cent of Nepal's cardamom goes to India. The Nepali cardamom that reached the hands of Indian businessmen are being exported to the Gulf countries with the tag of Indian product.</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><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><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> <p> </p> ', 'published' => true, 'created' => '2022-11-02', 'modified' => '2022-11-02', 'keywords' => '', 'description' => '', 'sortorder' => '15974', 'image' => '20221102031915_BlackCardamom.jpg', 'article_date' => '2022-11-02 15:18:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16232', 'article_category_id' => '1', 'title' => 'Prices of Wheat and Corn Rise Globally', 'sub_title' => '', 'summary' => 'November 2: Prices of wheat and corn on global commodities markets rose on Monday after Russia pulled out of a deal that had allowed some vital grain exports from Ukraine to pass through the Black Sea despite the war, the CNN reported.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 2: Prices of wheat and corn on global commodities markets rose on Monday after Russia pulled out of a deal that had allowed some vital grain exports from Ukraine to pass through the Black Sea despite the war, the CNN reported.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to the news agency, wheat futures on the Chicago Board of Trade jumped 5.5 percent on Monday to USD 8.74 a bushel. Corn futures were up 2.3 percent to USD 6.96 a bushel.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Palm oil futures trading in Malaysia also rose amid fears of potential impact on exports of Ukraine sunflower oil, Reuters reported.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Ukraine and Russia together account for nearly a third of global wheat exports, the CNN said referring to information from an agricultural data firm Gro Intelligence. The two countries that are at war since February 24 are also among the top three global exporters of barley, maize, rapeseed oil and sunflower oil.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Russia withdrew from the grain deal on Saturday accusing Ukraine and the UK of drone attacks on its fleet in the Black Sea port city of Sevastopol. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">In an earlier report, Reuters had said that bakers and noodle manufacturers are replacing wheat with rice.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">"Wheat flour prices are almost at par with rice - automatically there will be shifting," Reuters quoted Franciscus Welirang, chairman of the Indonesian Flour Millers Association, as saying.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-02', 'modified' => '2022-11-02', 'keywords' => '', 'description' => '', 'sortorder' => '15973', 'image' => '20221102011401_wheatttttt.jpg', 'article_date' => '2022-11-02 13:13:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16231', 'article_category_id' => '1', 'title' => 'Number of Foreign Tourists Increasing at Hanuman Dhoka Durbar Square ', 'sub_title' => '', 'summary' => 'November 2: The number of foreign tourists visiting Hanuman Dhoka Durbar Square, a place of historical, archeological and religious value in the capital, is increasing of late. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 2: The number of foreign tourists visiting Hanuman Dhoka Durbar Square, a place of historical, archeological and religious value in the capital, is increasing of late. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The historical place enlisted in the UNESCO World Heritage Site received 10,594 tourists from outside the SAARC region in mid-September to mid-October this year while those from SAARC region stand at 3,178 during the same period, according to the Kathmandu Metropolitan City's Hanuman Dhoka Conservation Programme. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During mid-August to mid-September, 3,610 foreign tourists from outside the SAARC region had arrived at Hanuman Dhoka Durbar Square while the number of visitors from SAARC region was 1,893. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Hanuman Dhoka Durbar Square attracted 2,864 foreign tourists from outside the SAARC region during mid-July to mid-August while 1,399 tourists from SAARC region visited the site which features the famed nine-storey palace, monuments, open air museum, courtyards and quadrangles, temples and open public spaces among others built during the 15th to 20th century. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The influx of foreign tourists has been increasing satisfactorily post COVID-19 pandemic, according to Programme Chief Roshan Shakya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The programme covers historical monuments in KMC's ward no 19, 20, 23 and 24. Foreign tourists from outside the SAARC region have to pay Rs 1,000 as entry fee to this area while Rs 150 is charged with tourists from SAARC region. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-02', 'modified' => '2022-11-02', 'keywords' => '', 'description' => '', 'sortorder' => '15972', 'image' => '20221102120925_20190430021212_1x.jpg', 'article_date' => '2022-11-02 12:08:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16230', 'article_category_id' => '1', 'title' => 'Embossed Number Plates Fixed on Less than Two Percent of Vehicles ', 'sub_title' => '', 'summary' => 'November 2: The placing of embossed number plates, which is considered vital for the safety of vehicles, has been sluggish. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 2: The placing of embossed number plates, which is considered vital for the safety of vehicles, has been sluggish. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the state-owned RSS, the government had decided to fix such number plates six years ago but the embossed number plates have been fixed on less than two percent of the targeted vehicles so far. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had set a target of fixing embossed number plates on 2.5 million vehicles in five years, RSS added. The plates have been placed on 35,000 vehicles only, according to the Department of Transport Management. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We are requesting the people to get the embossed number plates installed on their vehicles,” RSS quoted Ishwori Datta Paneru, the spokesperson of the department, as saying. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Spokesperson Paneru mentioned that all should install embossed number plate on their vehicles as it is the responsibility of all to follow the laws. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department informed that it is mandatory for all vehicles to fix embossed number plates.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had issued a notice in the Nepal Gazette on November 8, 2021 regarding fixing of the embossed number plates.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The decision to make embossed number plates mandatory has drawn widespread condemnation, especially because the DoTM has not prepared the required infrastructure to deliver the service. </span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-02', 'modified' => '2022-11-02', 'keywords' => '', 'description' => '', 'sortorder' => '15971', 'image' => '20221102112443_20220608081057_Department.jpg', 'article_date' => '2022-11-02 11:23:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16228', 'article_category_id' => '218', 'title' => 'BOK Cash-Back Offer Continues after Tihar', 'sub_title' => '', 'summary' => 'November 1: Bank of Kathmandu (BOK) has announced cash-back offer even after the festive season.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 1: Bank of Kathmandu (BOK) has announced cash-back offer even after the festive season. The bank announced the scheme previously, aiming to facilitate the purchase of necessary goods to its customers during the festivals of Dashain, Tihar, Nepali New Year 1143 and Chhath. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the scheme, customers will get up to 25 percent cash back when scanning the QR code from mobile banking and making online payment. Under the scheme, the customer who transacts for the first time through mobile banking of the bank will get 25 percent of the first transaction amount or up to 150 rupees. The cash back scheme has been extended till November 6.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15970', 'image' => '20221101064623_BoKtopup_20200226110816.jpg', 'article_date' => '2022-11-01 18:45:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16229', 'article_category_id' => '1', 'title' => 'NICCI, Bangladesh Discuss Investment in Hydropower Sector of Nepal', 'sub_title' => '', 'summary' => 'November 1: Nepal-India Chamber of Commerce and Industry (NICCI) held discussions with representatives of Bangladesh regarding bilateral investment in the hydropower sector.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 1: Nepal-India Chamber of Commerce and Industry (NICCI) held discussions with representatives of Bangladesh regarding bilateral investment in the hydropower sector. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Vice President of NICCI Sunil KC held talks with Salman Rahman, advisor to the government led by Sheikh Hasina, in this regard. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The discussion focused on development of hydropower sector and joint investment in this sector. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">KC, who is currently in a visit to Bangladesh, also discussed issues such as expanding transmission line between Nepal and Bangladesh, investment commitment in Nepal’s hydropower sector, marketing among others. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">During the meeting, Rahman reaffirmed the stance of Bangladesh regarding investment in Nepal by taking the Indian side in confidence. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">On the occasion, Vice President KC requested Bangladesh to prioritize investment in Nepal’s hydropower sector.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">It was informed during the meeting that the private sector of Bangladesh is ready to invest USD 3 billion in Nepal. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">During his Bangaldesh visit, KC also met Home Minister of Bangladesh Asaduzzman Khan, who is an influential leader of the ruling Awami League.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15969', 'image' => '20221101071311_hydro.jpg', 'article_date' => '2022-11-01 19:12:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16227', 'article_category_id' => '1', 'title' => 'World Bank Suggests Lifting Import Ban', 'sub_title' => '', 'summary' => 'November 1: Stating that Nepal’s situation is not as dire as that of Sri Lanka, the World Bank has suggested removing the ban on the import of the some luxury goods. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 1: Stating that Nepal’s situation is not as dire as that of Sri Lanka, the World Bank has suggested removing the ban on the import of the some luxury goods. The government had banned the import of 10 items including personal vehicles, expensive mobile phones, readymade liquor, high-capacity motorcycles, playing cards, diamonds, tobacco products, and large-sized televisions since April due to the pressure on foreign exchange reserves. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although the ban on the import of 6 out of 10 items has already been lifted from the last week of August, ban on the import of cars, jeep, vans, readymade liquor, motorcycles of more than 150 cc capacity and smartphones worth more than 300 USD still continues.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The World Bank suggests that the ban on imports should be removed to strengthen the country’s economy. Releasing the Nepal Development Update report, the bank emphasized on the need to increase the policy interest rate stating that increasing the policy interest rate will discourage imports.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Similarly, the World Bank also asked to impose value added tax in the areas where excise duty and customs duty are imposed. In the 51-page report, there are suggestions to reduce the list of items that are currently subsidized by increasing the price, to increase the spending capacity of the local level and the province, to increase the internal consumption of electricity, to cooperate with countries like India and Bangladesh to bring investment in hydropower sector, and to improve the foreign investment policy.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">World Bank’s economist Alice J Brooks said that although there are rumors of Nepal's situation becoming similar to that of Sri Lanka, the reality is rather contrasting. She reassured that even though there were some problems due to the economy weakened by Covid-19 and the high pressure on imports, Nepal’s economy is currently improving.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Brooks said that the government's debt is 42 percent of the gross domestic product (GDP), imports are decreasing and the positive improvement in foreign exchange reserves shows that Nepal's economy is improving. She said that the foreign exchange reserves are positive as they can sustain imports for at least 7 months. The World Bank suggests that necessary policies should be made in time as climate change has a major impact on Nepal's agriculture and other sectors. The report mentions that the recent changes in weather may affect Nepal's infrastructure and foreign employment.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The World Bank warned that the impact of climate change has already started to be seen in agriculture and it may directly affect Nepal's hydropower as well. The bank says that global temperature increase will have a direct impact on power plants based on river flow system. As per the World Bank, “Electricity is a sector with great potential in the Nepali economy. Affecting it means directly affecting the economy.” It added that it has been providing financial and policy support in climate change control and is ready to cooperate further.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The micro-fiscal model prepared by the World Bank was also handed over to the Government of Nepal. The World Bank has been using this model to prepare the Nepal Development Update as well as in economic and monetary analysis.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15968', 'image' => '20221101063140_import.jpg', 'article_date' => '2022-11-01 18:31:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16226', 'article_category_id' => '1', 'title' => 'Nepal Highly Vulnerable to Global Climate Change: Prime Minister Deuba ', 'sub_title' => '', 'summary' => 'November 1: Prime Minister Sher Bahadur Deuba has said that Nepal is at high risk due to regional and global climate change.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 1: Prime Minister Sher Bahadur Deuba has said that Nepal is at high risk due to regional and global climate change. He also mentioned that Nepali people have had to face multi-faceted challenges due to rising temperature and widespread changes in rainfall pattern, increase in disaster and extreme events. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the first meeting of the National Council for Environmental Protection and Climate Change Management on Monday, which was formed as per the provisions of the Environment Act, 2076, PM Deuba said that the government has accorded top priority to climate change and environmental protection. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 27th Conference of Parties to the International Framework Convention on Climate Change (COP-27) is going to be held in Egypt from November 6 to 18. In this context, Prime Minister Deuba said that Nepal should urge the rich and developed countries of the world to revise their ambitious Nationally Determined Contributions (NDCs) and long-term low emission development strategy to limit the global temperature rise within 1.5 degrees Celsius. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In this regard, Nepal should lobby with the United Nations Climate Secretariat for active leadership, he said and expressed his commitment to take initiatives to ensure the progress of the 'Santiago Loss and Damage Mechanism' and the demand for a separate loss and damage finance system by putting the loss and damage finance system formally on the agenda. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, documents related to the preparations for the COP-27, national prescribed implementation plan, climate finance strategy and action plan prepared in coordination with the Ministry of Forest and Environment, Ministry of Finance, Planning Commission and the Office of the Prime Minister and Council of Ministers were presented. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting also approved the Council's Meeting Procedures 2079, National Determined Contribution Implementation Plan, Climate Finance Strategy and Action Plan and Nepal's concept paper related to COP-27. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15967', 'image' => '20221101042254_PM deubaa.jpg', 'article_date' => '2022-11-01 16:21:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16225', 'article_category_id' => '1', 'title' => ''Businesses Environment Affected by bad Loans' ', 'sub_title' => '', 'summary' => 'November 1: Two years ago, Nepal Rice, Oil and Pulses Industry Association had requested the government to introduce a law on debt recovery.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 1: Two years ago, Nepal Rice, Oil and Pulses Industry Association had requested the government to introduce a law on debt recovery. The association had decided to demand for such law during its 43rd general assembly, urging the government not to allow credit transactions for more than a month.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">A few months ago, the Birgunj Chamber of Commerce and Industry also strongly raised this demand in its 46th general assembly. The president of the association, Subodh Kumar Gupta, in the presence of the finance minister drew the minister's attention to the fact that the market had shrunk after the onset of Covid-19 and had been further threatened by credit transactions. He also demanded to bring effective laws to protect the economy from accidents.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The businessmen have also been demanding stern laws related to loan recovery. Till date, the government has not taken effective steps in this regard.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Ganesh Prasad Lath, president of the Madhes Chapter of the Federation of Nepalese Chamber of Commerce and Industry, has accused the government of being indifferent to solving the problem of credit transaction. The private sector does not fail to give this suggestion to the government every year in the pre-budget discussions. However, Lath complains that the budget has not addressed the demand yet.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Nepal is also not untouched by the global recession in the aftermath of the coronavirus pandemic. Private sector leaders say that its impact is even greater in an import-oriented economy like ours. The import control policy adopted by the government to reduce the pressure on the foreign exchange reserves and the lack of investable funds in the financial sector has led to a decline in production and supply.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Gupta said that while the average production of industries has fallen to 20 to 25 per cent of the total capacity, there is competition in the market to acquire loan. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“There is no demand in the market. Production has decreased. In such a situation, there is a competition on who will give more credits,'' said Gupta.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to entrepreneurs, the lending period has almost doubled in the post-pandemic era. Navneet Agarwal, a businessman, shared that pre-coronavirus payments used to come within three months, but now they have stopped coming even after six months. In the past, it was a situation of getting paid in one to one and a half months after selling the goods. </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><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><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><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' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15966', 'image' => '20221101015645_badloan.jpg', 'article_date' => '2022-11-01 13:56:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16224', 'article_category_id' => '1', 'title' => 'CAAN Tells Airlines Companies to Operate Int’l Chartered Flights from GBIA ', 'sub_title' => '', 'summary' => 'November 1: The Civil Aviation Authority of Nepal (CAAN) has decided to conduct international chartered flights from the newly-constructed Gautam Buddha International Airport (GBIA) in Bhairahawa.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 1: The Civil Aviation Authority of Nepal (CAAN) has decided to conduct international chartered flights from the newly-constructed Gautam Buddha International Airport (GBIA) in Bhairahawa. Until now, all international chartered flights are operated through Kathmandu-based Tribhuvan International Airport (TIA). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The autonomous civil aviation regulator of the country resorted to the move to bring the GBIA into full operation, said CAAN Director General Pradip Adhikari. The airport officially came into operation on May 16 this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, one international flight out of every three flights at the TIA will have to be operated at the GBIA, according to a winter flight schedule that came into operation from October 30. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CAAN earlier directed three international airlines along with the Nepal Airlines Corporation, the national flag carrier of Nepal, and the Himalaya Airlines to operate a flight a day each at the GBIA. At present, only Jazeera Airways is running three flights a week at the GBIA. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15965', 'image' => '20221101012840_GBIAAA.jpg', 'article_date' => '2022-11-01 13:28:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16223', 'article_category_id' => '1', 'title' => '161 Climbers Including 77 Foreigners climb Mt Manaslu this Spring ', 'sub_title' => '', 'summary' => 'November 1: A total of 161 climbers have so far succeeded in climbing Mt Manslu in this spring season. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 1: A total of 161 climbers have so far succeeded in climbing Mt Manslu in this spring season. According to the Department of Tourism, 77 foreigners and 84 Nepal reached the top of Manaslu (8,163 meter) this spring. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department's Mountaineering Section's officer Bigyan Koirala said this time 407 foreigners acquired permission to scale the mountain, but only 77 made it. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They were accompanied by Nepali Sherpa guides to the peak. Now the expedition to the Mount Manaslu has been completed while it continues in other peaks. The number of Manaslu climbers this time is relatively less than the previous years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The area above the Manaslu base camp witnessed an avalanche just prior to the commencement of Manaslu expedition this season, killing one and leaving some others injured. The incident occurred on September 26. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The mountain based in Chumanubri rural municipality in north Gorkha remains as the world's eighth highest peak and it lies along the Manasiri mountain range. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15964', 'image' => '20221101102053_manaslu.jpg', 'article_date' => '2022-11-01 10:20:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16222', 'article_category_id' => '1', 'title' => 'World Bank Estimates 5.8 Percent Growth in 2022 ', 'sub_title' => '', 'summary' => 'Novermber 1: The World Bank has projected Nepal's economic growth rate to reach 5.8 per cent in 2022. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Novermber </span>1: <span style="font-family:"Arial Unicode MS","sans-serif"">The World Bank has projected Nepal's economic growth rate to reach 5.8 per cent in 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Releasing the October 2022 edition of the Nepal's Development Update on Monday, the World Bank estimated that Nepal's Gross Domestic Product (GDP) would increase by 5.8 per cent in 2022. Meanwhile, the report has projected Nepal's GDP to increase by 5.1 per cent in 2023 and by 4.1 per cent in 2024. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, unveiling the report 'Countering the Cast of Living Crisis', the International Monetary Fund had estimated that Nepal's economic growth rate would increase by 4.1 per cent in 2022. The World Bank projection is in stark contract with the government’s target of achieving 8 per cent economic growth in the current fiscal year (FY 2022/23). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the World Bank has estimated the inflation rate of 6.3 per cent in 2022 as well as 5.5 per cent price hike in 2023 and 5.3 per cent in 2024. The government, in the budget for the current fiscal year has set a target to limit price hike within seven percent. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In 2022, the World Bank has projected export of goods and services to increase by 35 per cent and import by 15 per cent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the World Bank, growth rate of industrial sector will increase by 10.2 percentage points while the growth of service sector will rise by 5.9 percentage points and that of agricultural sector by 2.3 percentage points in the year 2022. </span><br /> <br /> </span></span></p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15963', 'image' => '20221101101708_World.jpg', 'article_date' => '2022-11-01 10:16:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16221', 'article_category_id' => '1', 'title' => 'Arrival of Tourists Increasing in Kanchenjunga Area ', 'sub_title' => '', 'summary' => 'October 31: Domestic and foreign tourists have started arriving in Kanchenjunga region, the home to the third highest peak in the world. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: Domestic and foreign tourists have started arriving in Kanchenjunga region, the home to the third highest peak in the world. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As a result, tourism entrepreneurs are excited with the arrival of tourists in the Kanchenjunga area, which has been deserted for a long time. Tourism business is the main source of income for the communities in the high mountain settlements such as Kapla, Phale, Ghunsa, Khabajen and Lonak in Phattanglung Rural Municipality-6 of Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Hotel owner Pema Sherpa had thought of changing his profession after arrival of tourists dropped to zero due to COVID-19. But his thoughts have now changed with signs of revival of tourism in the area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Kanchenjunga Conservation Area Management Council, 52 hotels are operating in the trekking route leading to the base camp of Mount Kanchenjunga. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Programme assistant coordinator at the council office, Jiten Chemjong, said that four hotels built with an investment of more than Rs 10 million are operating at an altitude of 3,500 meters to 4,500 meters above the sea level. The hotels which had been closed for a long time due to coronavirus pandemic are now full of guests. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Two paths are used to reach the base camp of Mt Kanchenjunga. Mostly, tourists reach the base camp of Kanchenjunga through Sirijunga Rural Municipality of Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tourism assistant at Management Council's Yamphudin office, Suryaman Rai said along with foreigners domestic tourists are also arriving to see the Mt Kanchenjunga region through the south route. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the fiscal year 2078/79, a total of 359 tourists had entered the Kanchenjunga conservation area of Taplejung. Chief Conservation Officer Ramesh Kumar Yadav said that 222 foreigners, 63 from SAARC countries and 74 domestic tourists have entered the conservation area to observe the natural, religious, historical and tourist sites. In the previous year 2077/78, only 63 tourists had arrived in the region. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-10-31', 'modified' => '2022-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '15962', 'image' => '20221031025456_Things-to-Know-About-Kanchenjunga-Trek.jpg', 'article_date' => '2022-10-31 14:53:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16220', 'article_category_id' => '1', 'title' => 'Nepal yet to Become Self-Sufficient in Fruit Production ', 'sub_title' => '', 'summary' => 'October 31: According to government data, 1.2 million tons of fruits are produced annually in Nepal. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">October 31: According to government data, 1.2 million tons of fruits are produced annually in Nepal. The data provided by the National Fruit Development Center shows that 1.2 million tons of fruits were produced in 1.19 thousand hectares of productive land in different parts of Nepal in the fiscal year 2020/2021.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The data prepared by the center takes into account the main fruits produced in Nepal including apple, pear, orange, banana, mango, and papaya. According to the data, the fruits produced in the review year was the most in the last 11 years. Similarly, the lowest production was in the year 2010/11, with just 794,000 tons of fruit produced in 79,000 hectares of productive land. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Even though productivity is improving every year, Nepal has not yet become self-sufficient in fruits. In the year 2018/19, the productivity per hectare was 9.73 tons. This situation is improving and in the year 2021/22, the productivity per hectare has reached 10.50 per cent. In the same year, Nepal imported 280,000 tons of fruits. According to the data of the center, 372 tons of fruits were exported in the year 2020/2021.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the center's study, fruit cultivation is done in 4.79 per cent of the 3.391 thousand hectares of arable land in Nepal. Similarly, out of about 23 per cent contribution of the agriculture sector to Nepal's gross domestic product, 7.04 per cent is from fruit production.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The government has declared the period between 2016/17 to 2025/26 as the Fruit Decade in order to make the country self-sufficient in major fruits within this period by expanding the fruit business and promoting exports.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although various programs have been launched to make the fruit decade successful, large quantities of fruits are being imported every year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Yam Kumari Shrestha, information officer of the center, due to the lack of quality seeds, trained and skilled technicians and suitable markets and prices, fruit farmers have not been able to become self-sufficient in fruit production.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Amar Baniyan, president of Nepal Fruit Wholesale Business Association Kathmandu, informed that apples worth Rs 30 million and bananas worth Rs 40 million were imported from India and China only for the Tihar festival. Similarly, oranges worth Rs 50 million and coconuts worth Rs 20 million have been imported, he said.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Shrestha, fruits of different types worth Rs 72 million were imported into the fruit market of Kuleshwar for Tihar alone. Experts say that in some cases, the market price of foreign fruits is higher than that of domestic ones, so Nepali producers have become discouraged.</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><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><strong> </strong></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><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> <p> </p> ', 'published' => true, 'created' => '2022-10-31', 'modified' => '2022-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '15961', 'image' => '20221031024751_fruit.jpg', 'article_date' => '2022-10-31 14:46:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16219', 'article_category_id' => '1', 'title' => 'NAC Trades Barbs with CAAN for Last-Minute Flight Cancellation', 'sub_title' => '', 'summary' => 'October 31: Last-minute cancellation of a Nepal Airlines Corporation (NAC) flight to New Delhi on Sunday afternoon left 2544 passengers stranded. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">October 31: Last-minute cancellation of a Nepal Airlines Corporation (NAC) flight to New Delhi on Sunday afternoon left 2544 passengers stranded. Some of the passengers were sent to New Delhi through other airlines while the flag carrier of Nepal promised to send the remaining passengers to their destination on Monday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal Airlines and the Civil Aviation Authority of Nepal, the regulatory body, have been blaming each other for the flight cancellation. CAAN has accused NAC of making attempts to fly the aircraft without any approval for the flight schedule. The airliner has defended the move saying that it has already presented the flight schedule to the CAAN and has been trying to get it approved. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">CAAN has implemented the winter schedule effective from Sunday, October 30. As per this schedule, CAAN had asked airline companies to submit their flight schedules between October 30 to upcoming March. Accordingly, NAC submitted its flight schedule to CAAN, insists NAC Spokesperson Archana Khadka.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">However, it has been learnt that CAAN delayed approval of the flight schedule with the intention of pressing the airline companies to conduct flights from Bhairahawa-based Gautam Buddha International Airport as well.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NAC was confident that CAAN would approve the flight schedule and didn’t issue any notice to the passengers. The state-owned airline company also issued boarding passes to the passengers who were ready to board the aircraft. However, CAAN cancelled the flight in the last minute saying that the flight schedule hasn’t been approved.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NAC said that it is ready to conduct flights from GBIA as per the wish of CAAN but said it would take at least two months for technical management to operate the flights from the new airport.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Taking this as a disobedience, CAAN had disapproved four flights of NAC to New Delhi. NAC has been conducting 14 flights a week to New Delhi, including two flights a day. However, NAC has been allowed to conduct only 10 flights a week to New Delhi this winter.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Tribhuvan International Airport’s Spokesperson Teknath Sitaula confirmed that 245 passengers of NAC were issued boarding passes but the flight was cancelled as the flight schedule was not approved by CAAN. Sitaula said that NAC should have informed the passengers about the flight schedule but did not do so. Instead, the airline company called the passengers to board the flight even though the schedule was not approved, said Sitaula.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NAC Spokesperson Khadka said that they tried to get the flight schedule approved until the last minute but failed to do so. She said that the tickets for the New Delhi flight was sold beforehand and therefore the airline company was confident that CAAN would approve the flight schedule.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“We haven’t left the passengers stranded. We will send them to their destination by any means,” said Khadka.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-10-31', 'modified' => '2022-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '15960', 'image' => '20221031011343_1667187471.उडान रद्द हुँदा नयाँ दिल्ली जान लागेका २५४ यात्रु अलपत्र.jpg', 'article_date' => '2022-10-31 13:13:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, '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' => '16233', 'article_category_id' => '1', 'title' => 'Nepali Cardamom Gets Halal Certificate ', 'sub_title' => '', 'summary' => 'November 2: Nepali cardamom has received the Halal Certificate.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 2: Nepali cardamom has received the Halal Certificate. It means that the cardamoms which were earlier exported only to India and Pakistan can now be exported to the Gulf countries. This certificate is a must to export food to the Gulf countries.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">India is the largest market for Nepali cardamom while Nepal has been exporting cardamoms to Pakistan since the last three years. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Nirmal Bhattarai, president of the Nepal Cardamom Traders Federation, it takes a long time for Nepali cardamom to reach Pakistan. He said Gulf countries have more opportunities than Pakistan due to price fluctuation. The producers will now export directly to the Gulf countries as they now have the Halal Certificate.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Nepali cardamom is exported under the brand name 'Everest Large Cardamom'. The government issued a trademark for cardamom on July 3, 2016 so that it can be exported under the name of Nepal in the international market. Four later, Pakistan approved the Nepali brand. Last year, 37.5 metric tons of cardamom worth Rs 50 million were exported to Pakistan. Although Nepali cardamom is preferred in Pakistan, the trading process is long (45 days), and the price is low. So, businessmen started looking for a market in the Gulf countries.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Since Nepali cardamom has received the Halal Certificate, traders will now export it to Qatar under its trademark.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">It is expected that the falling price of cardamom will go up now. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Halal Certificate is an organic registeration given by Qatar to products produced according to its standards. To get a Halal Certificate, cardamom must be produced organically, gloves must be worn while harvesting and picking them, and pigs must not be kept in the production area. Nepali farmers have fulfilled these criteria. Only cardamom that meets the standards can be exported to the Gulf countries.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Everest Large Cardamom got its market after Pakistan registered it. Rajkumar Karki, the former president of the Cardamom Traders Federation, said that Nepali cardamom is still being sold as an Indian product in the world market.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Karki, 95 per cent of Nepal's cardamom goes to India. The Nepali cardamom that reached the hands of Indian businessmen are being exported to the Gulf countries with the tag of Indian product.</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><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><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> <p> </p> ', 'published' => true, 'created' => '2022-11-02', 'modified' => '2022-11-02', 'keywords' => '', 'description' => '', 'sortorder' => '15974', 'image' => '20221102031915_BlackCardamom.jpg', 'article_date' => '2022-11-02 15:18:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16232', 'article_category_id' => '1', 'title' => 'Prices of Wheat and Corn Rise Globally', 'sub_title' => '', 'summary' => 'November 2: Prices of wheat and corn on global commodities markets rose on Monday after Russia pulled out of a deal that had allowed some vital grain exports from Ukraine to pass through the Black Sea despite the war, the CNN reported.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 2: Prices of wheat and corn on global commodities markets rose on Monday after Russia pulled out of a deal that had allowed some vital grain exports from Ukraine to pass through the Black Sea despite the war, the CNN reported.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to the news agency, wheat futures on the Chicago Board of Trade jumped 5.5 percent on Monday to USD 8.74 a bushel. Corn futures were up 2.3 percent to USD 6.96 a bushel.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Palm oil futures trading in Malaysia also rose amid fears of potential impact on exports of Ukraine sunflower oil, Reuters reported.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Ukraine and Russia together account for nearly a third of global wheat exports, the CNN said referring to information from an agricultural data firm Gro Intelligence. The two countries that are at war since February 24 are also among the top three global exporters of barley, maize, rapeseed oil and sunflower oil.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Russia withdrew from the grain deal on Saturday accusing Ukraine and the UK of drone attacks on its fleet in the Black Sea port city of Sevastopol. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">In an earlier report, Reuters had said that bakers and noodle manufacturers are replacing wheat with rice.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">"Wheat flour prices are almost at par with rice - automatically there will be shifting," Reuters quoted Franciscus Welirang, chairman of the Indonesian Flour Millers Association, as saying.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-02', 'modified' => '2022-11-02', 'keywords' => '', 'description' => '', 'sortorder' => '15973', 'image' => '20221102011401_wheatttttt.jpg', 'article_date' => '2022-11-02 13:13:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16231', 'article_category_id' => '1', 'title' => 'Number of Foreign Tourists Increasing at Hanuman Dhoka Durbar Square ', 'sub_title' => '', 'summary' => 'November 2: The number of foreign tourists visiting Hanuman Dhoka Durbar Square, a place of historical, archeological and religious value in the capital, is increasing of late. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 2: The number of foreign tourists visiting Hanuman Dhoka Durbar Square, a place of historical, archeological and religious value in the capital, is increasing of late. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The historical place enlisted in the UNESCO World Heritage Site received 10,594 tourists from outside the SAARC region in mid-September to mid-October this year while those from SAARC region stand at 3,178 during the same period, according to the Kathmandu Metropolitan City's Hanuman Dhoka Conservation Programme. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During mid-August to mid-September, 3,610 foreign tourists from outside the SAARC region had arrived at Hanuman Dhoka Durbar Square while the number of visitors from SAARC region was 1,893. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Hanuman Dhoka Durbar Square attracted 2,864 foreign tourists from outside the SAARC region during mid-July to mid-August while 1,399 tourists from SAARC region visited the site which features the famed nine-storey palace, monuments, open air museum, courtyards and quadrangles, temples and open public spaces among others built during the 15th to 20th century. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The influx of foreign tourists has been increasing satisfactorily post COVID-19 pandemic, according to Programme Chief Roshan Shakya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The programme covers historical monuments in KMC's ward no 19, 20, 23 and 24. Foreign tourists from outside the SAARC region have to pay Rs 1,000 as entry fee to this area while Rs 150 is charged with tourists from SAARC region. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-02', 'modified' => '2022-11-02', 'keywords' => '', 'description' => '', 'sortorder' => '15972', 'image' => '20221102120925_20190430021212_1x.jpg', 'article_date' => '2022-11-02 12:08:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16230', 'article_category_id' => '1', 'title' => 'Embossed Number Plates Fixed on Less than Two Percent of Vehicles ', 'sub_title' => '', 'summary' => 'November 2: The placing of embossed number plates, which is considered vital for the safety of vehicles, has been sluggish. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 2: The placing of embossed number plates, which is considered vital for the safety of vehicles, has been sluggish. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the state-owned RSS, the government had decided to fix such number plates six years ago but the embossed number plates have been fixed on less than two percent of the targeted vehicles so far. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had set a target of fixing embossed number plates on 2.5 million vehicles in five years, RSS added. The plates have been placed on 35,000 vehicles only, according to the Department of Transport Management. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We are requesting the people to get the embossed number plates installed on their vehicles,” RSS quoted Ishwori Datta Paneru, the spokesperson of the department, as saying. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Spokesperson Paneru mentioned that all should install embossed number plate on their vehicles as it is the responsibility of all to follow the laws. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department informed that it is mandatory for all vehicles to fix embossed number plates.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had issued a notice in the Nepal Gazette on November 8, 2021 regarding fixing of the embossed number plates.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The decision to make embossed number plates mandatory has drawn widespread condemnation, especially because the DoTM has not prepared the required infrastructure to deliver the service. </span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-02', 'modified' => '2022-11-02', 'keywords' => '', 'description' => '', 'sortorder' => '15971', 'image' => '20221102112443_20220608081057_Department.jpg', 'article_date' => '2022-11-02 11:23:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16228', 'article_category_id' => '218', 'title' => 'BOK Cash-Back Offer Continues after Tihar', 'sub_title' => '', 'summary' => 'November 1: Bank of Kathmandu (BOK) has announced cash-back offer even after the festive season.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 1: Bank of Kathmandu (BOK) has announced cash-back offer even after the festive season. The bank announced the scheme previously, aiming to facilitate the purchase of necessary goods to its customers during the festivals of Dashain, Tihar, Nepali New Year 1143 and Chhath. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the scheme, customers will get up to 25 percent cash back when scanning the QR code from mobile banking and making online payment. Under the scheme, the customer who transacts for the first time through mobile banking of the bank will get 25 percent of the first transaction amount or up to 150 rupees. The cash back scheme has been extended till November 6.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15970', 'image' => '20221101064623_BoKtopup_20200226110816.jpg', 'article_date' => '2022-11-01 18:45:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16229', 'article_category_id' => '1', 'title' => 'NICCI, Bangladesh Discuss Investment in Hydropower Sector of Nepal', 'sub_title' => '', 'summary' => 'November 1: Nepal-India Chamber of Commerce and Industry (NICCI) held discussions with representatives of Bangladesh regarding bilateral investment in the hydropower sector.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 1: Nepal-India Chamber of Commerce and Industry (NICCI) held discussions with representatives of Bangladesh regarding bilateral investment in the hydropower sector. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Vice President of NICCI Sunil KC held talks with Salman Rahman, advisor to the government led by Sheikh Hasina, in this regard. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The discussion focused on development of hydropower sector and joint investment in this sector. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">KC, who is currently in a visit to Bangladesh, also discussed issues such as expanding transmission line between Nepal and Bangladesh, investment commitment in Nepal’s hydropower sector, marketing among others. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">During the meeting, Rahman reaffirmed the stance of Bangladesh regarding investment in Nepal by taking the Indian side in confidence. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">On the occasion, Vice President KC requested Bangladesh to prioritize investment in Nepal’s hydropower sector.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">It was informed during the meeting that the private sector of Bangladesh is ready to invest USD 3 billion in Nepal. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">During his Bangaldesh visit, KC also met Home Minister of Bangladesh Asaduzzman Khan, who is an influential leader of the ruling Awami League.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15969', 'image' => '20221101071311_hydro.jpg', 'article_date' => '2022-11-01 19:12:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16227', 'article_category_id' => '1', 'title' => 'World Bank Suggests Lifting Import Ban', 'sub_title' => '', 'summary' => 'November 1: Stating that Nepal’s situation is not as dire as that of Sri Lanka, the World Bank has suggested removing the ban on the import of the some luxury goods. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 1: Stating that Nepal’s situation is not as dire as that of Sri Lanka, the World Bank has suggested removing the ban on the import of the some luxury goods. The government had banned the import of 10 items including personal vehicles, expensive mobile phones, readymade liquor, high-capacity motorcycles, playing cards, diamonds, tobacco products, and large-sized televisions since April due to the pressure on foreign exchange reserves. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although the ban on the import of 6 out of 10 items has already been lifted from the last week of August, ban on the import of cars, jeep, vans, readymade liquor, motorcycles of more than 150 cc capacity and smartphones worth more than 300 USD still continues.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The World Bank suggests that the ban on imports should be removed to strengthen the country’s economy. Releasing the Nepal Development Update report, the bank emphasized on the need to increase the policy interest rate stating that increasing the policy interest rate will discourage imports.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Similarly, the World Bank also asked to impose value added tax in the areas where excise duty and customs duty are imposed. In the 51-page report, there are suggestions to reduce the list of items that are currently subsidized by increasing the price, to increase the spending capacity of the local level and the province, to increase the internal consumption of electricity, to cooperate with countries like India and Bangladesh to bring investment in hydropower sector, and to improve the foreign investment policy.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">World Bank’s economist Alice J Brooks said that although there are rumors of Nepal's situation becoming similar to that of Sri Lanka, the reality is rather contrasting. She reassured that even though there were some problems due to the economy weakened by Covid-19 and the high pressure on imports, Nepal’s economy is currently improving.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Brooks said that the government's debt is 42 percent of the gross domestic product (GDP), imports are decreasing and the positive improvement in foreign exchange reserves shows that Nepal's economy is improving. She said that the foreign exchange reserves are positive as they can sustain imports for at least 7 months. The World Bank suggests that necessary policies should be made in time as climate change has a major impact on Nepal's agriculture and other sectors. The report mentions that the recent changes in weather may affect Nepal's infrastructure and foreign employment.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The World Bank warned that the impact of climate change has already started to be seen in agriculture and it may directly affect Nepal's hydropower as well. The bank says that global temperature increase will have a direct impact on power plants based on river flow system. As per the World Bank, “Electricity is a sector with great potential in the Nepali economy. Affecting it means directly affecting the economy.” It added that it has been providing financial and policy support in climate change control and is ready to cooperate further.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The micro-fiscal model prepared by the World Bank was also handed over to the Government of Nepal. The World Bank has been using this model to prepare the Nepal Development Update as well as in economic and monetary analysis.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15968', 'image' => '20221101063140_import.jpg', 'article_date' => '2022-11-01 18:31:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16226', 'article_category_id' => '1', 'title' => 'Nepal Highly Vulnerable to Global Climate Change: Prime Minister Deuba ', 'sub_title' => '', 'summary' => 'November 1: Prime Minister Sher Bahadur Deuba has said that Nepal is at high risk due to regional and global climate change.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 1: Prime Minister Sher Bahadur Deuba has said that Nepal is at high risk due to regional and global climate change. He also mentioned that Nepali people have had to face multi-faceted challenges due to rising temperature and widespread changes in rainfall pattern, increase in disaster and extreme events. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the first meeting of the National Council for Environmental Protection and Climate Change Management on Monday, which was formed as per the provisions of the Environment Act, 2076, PM Deuba said that the government has accorded top priority to climate change and environmental protection. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 27th Conference of Parties to the International Framework Convention on Climate Change (COP-27) is going to be held in Egypt from November 6 to 18. In this context, Prime Minister Deuba said that Nepal should urge the rich and developed countries of the world to revise their ambitious Nationally Determined Contributions (NDCs) and long-term low emission development strategy to limit the global temperature rise within 1.5 degrees Celsius. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In this regard, Nepal should lobby with the United Nations Climate Secretariat for active leadership, he said and expressed his commitment to take initiatives to ensure the progress of the 'Santiago Loss and Damage Mechanism' and the demand for a separate loss and damage finance system by putting the loss and damage finance system formally on the agenda. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, documents related to the preparations for the COP-27, national prescribed implementation plan, climate finance strategy and action plan prepared in coordination with the Ministry of Forest and Environment, Ministry of Finance, Planning Commission and the Office of the Prime Minister and Council of Ministers were presented. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting also approved the Council's Meeting Procedures 2079, National Determined Contribution Implementation Plan, Climate Finance Strategy and Action Plan and Nepal's concept paper related to COP-27. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15967', 'image' => '20221101042254_PM deubaa.jpg', 'article_date' => '2022-11-01 16:21:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16225', 'article_category_id' => '1', 'title' => ''Businesses Environment Affected by bad Loans' ', 'sub_title' => '', 'summary' => 'November 1: Two years ago, Nepal Rice, Oil and Pulses Industry Association had requested the government to introduce a law on debt recovery.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 1: Two years ago, Nepal Rice, Oil and Pulses Industry Association had requested the government to introduce a law on debt recovery. The association had decided to demand for such law during its 43rd general assembly, urging the government not to allow credit transactions for more than a month.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">A few months ago, the Birgunj Chamber of Commerce and Industry also strongly raised this demand in its 46th general assembly. The president of the association, Subodh Kumar Gupta, in the presence of the finance minister drew the minister's attention to the fact that the market had shrunk after the onset of Covid-19 and had been further threatened by credit transactions. He also demanded to bring effective laws to protect the economy from accidents.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The businessmen have also been demanding stern laws related to loan recovery. Till date, the government has not taken effective steps in this regard.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Ganesh Prasad Lath, president of the Madhes Chapter of the Federation of Nepalese Chamber of Commerce and Industry, has accused the government of being indifferent to solving the problem of credit transaction. The private sector does not fail to give this suggestion to the government every year in the pre-budget discussions. However, Lath complains that the budget has not addressed the demand yet.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Nepal is also not untouched by the global recession in the aftermath of the coronavirus pandemic. Private sector leaders say that its impact is even greater in an import-oriented economy like ours. The import control policy adopted by the government to reduce the pressure on the foreign exchange reserves and the lack of investable funds in the financial sector has led to a decline in production and supply.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Gupta said that while the average production of industries has fallen to 20 to 25 per cent of the total capacity, there is competition in the market to acquire loan. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“There is no demand in the market. Production has decreased. In such a situation, there is a competition on who will give more credits,'' said Gupta.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to entrepreneurs, the lending period has almost doubled in the post-pandemic era. Navneet Agarwal, a businessman, shared that pre-coronavirus payments used to come within three months, but now they have stopped coming even after six months. In the past, it was a situation of getting paid in one to one and a half months after selling the goods. </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><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><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><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' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15966', 'image' => '20221101015645_badloan.jpg', 'article_date' => '2022-11-01 13:56:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16224', 'article_category_id' => '1', 'title' => 'CAAN Tells Airlines Companies to Operate Int’l Chartered Flights from GBIA ', 'sub_title' => '', 'summary' => 'November 1: The Civil Aviation Authority of Nepal (CAAN) has decided to conduct international chartered flights from the newly-constructed Gautam Buddha International Airport (GBIA) in Bhairahawa.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 1: The Civil Aviation Authority of Nepal (CAAN) has decided to conduct international chartered flights from the newly-constructed Gautam Buddha International Airport (GBIA) in Bhairahawa. Until now, all international chartered flights are operated through Kathmandu-based Tribhuvan International Airport (TIA). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The autonomous civil aviation regulator of the country resorted to the move to bring the GBIA into full operation, said CAAN Director General Pradip Adhikari. The airport officially came into operation on May 16 this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, one international flight out of every three flights at the TIA will have to be operated at the GBIA, according to a winter flight schedule that came into operation from October 30. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CAAN earlier directed three international airlines along with the Nepal Airlines Corporation, the national flag carrier of Nepal, and the Himalaya Airlines to operate a flight a day each at the GBIA. At present, only Jazeera Airways is running three flights a week at the GBIA. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15965', 'image' => '20221101012840_GBIAAA.jpg', 'article_date' => '2022-11-01 13:28:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16223', 'article_category_id' => '1', 'title' => '161 Climbers Including 77 Foreigners climb Mt Manaslu this Spring ', 'sub_title' => '', 'summary' => 'November 1: A total of 161 climbers have so far succeeded in climbing Mt Manslu in this spring season. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 1: A total of 161 climbers have so far succeeded in climbing Mt Manslu in this spring season. According to the Department of Tourism, 77 foreigners and 84 Nepal reached the top of Manaslu (8,163 meter) this spring. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department's Mountaineering Section's officer Bigyan Koirala said this time 407 foreigners acquired permission to scale the mountain, but only 77 made it. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They were accompanied by Nepali Sherpa guides to the peak. Now the expedition to the Mount Manaslu has been completed while it continues in other peaks. The number of Manaslu climbers this time is relatively less than the previous years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The area above the Manaslu base camp witnessed an avalanche just prior to the commencement of Manaslu expedition this season, killing one and leaving some others injured. The incident occurred on September 26. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The mountain based in Chumanubri rural municipality in north Gorkha remains as the world's eighth highest peak and it lies along the Manasiri mountain range. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15964', 'image' => '20221101102053_manaslu.jpg', 'article_date' => '2022-11-01 10:20:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16222', 'article_category_id' => '1', 'title' => 'World Bank Estimates 5.8 Percent Growth in 2022 ', 'sub_title' => '', 'summary' => 'Novermber 1: The World Bank has projected Nepal's economic growth rate to reach 5.8 per cent in 2022. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Novermber </span>1: <span style="font-family:"Arial Unicode MS","sans-serif"">The World Bank has projected Nepal's economic growth rate to reach 5.8 per cent in 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Releasing the October 2022 edition of the Nepal's Development Update on Monday, the World Bank estimated that Nepal's Gross Domestic Product (GDP) would increase by 5.8 per cent in 2022. Meanwhile, the report has projected Nepal's GDP to increase by 5.1 per cent in 2023 and by 4.1 per cent in 2024. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, unveiling the report 'Countering the Cast of Living Crisis', the International Monetary Fund had estimated that Nepal's economic growth rate would increase by 4.1 per cent in 2022. The World Bank projection is in stark contract with the government’s target of achieving 8 per cent economic growth in the current fiscal year (FY 2022/23). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the World Bank has estimated the inflation rate of 6.3 per cent in 2022 as well as 5.5 per cent price hike in 2023 and 5.3 per cent in 2024. The government, in the budget for the current fiscal year has set a target to limit price hike within seven percent. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In 2022, the World Bank has projected export of goods and services to increase by 35 per cent and import by 15 per cent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the World Bank, growth rate of industrial sector will increase by 10.2 percentage points while the growth of service sector will rise by 5.9 percentage points and that of agricultural sector by 2.3 percentage points in the year 2022. </span><br /> <br /> </span></span></p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15963', 'image' => '20221101101708_World.jpg', 'article_date' => '2022-11-01 10:16:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16221', 'article_category_id' => '1', 'title' => 'Arrival of Tourists Increasing in Kanchenjunga Area ', 'sub_title' => '', 'summary' => 'October 31: Domestic and foreign tourists have started arriving in Kanchenjunga region, the home to the third highest peak in the world. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: Domestic and foreign tourists have started arriving in Kanchenjunga region, the home to the third highest peak in the world. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As a result, tourism entrepreneurs are excited with the arrival of tourists in the Kanchenjunga area, which has been deserted for a long time. Tourism business is the main source of income for the communities in the high mountain settlements such as Kapla, Phale, Ghunsa, Khabajen and Lonak in Phattanglung Rural Municipality-6 of Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Hotel owner Pema Sherpa had thought of changing his profession after arrival of tourists dropped to zero due to COVID-19. But his thoughts have now changed with signs of revival of tourism in the area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Kanchenjunga Conservation Area Management Council, 52 hotels are operating in the trekking route leading to the base camp of Mount Kanchenjunga. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Programme assistant coordinator at the council office, Jiten Chemjong, said that four hotels built with an investment of more than Rs 10 million are operating at an altitude of 3,500 meters to 4,500 meters above the sea level. The hotels which had been closed for a long time due to coronavirus pandemic are now full of guests. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Two paths are used to reach the base camp of Mt Kanchenjunga. Mostly, tourists reach the base camp of Kanchenjunga through Sirijunga Rural Municipality of Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tourism assistant at Management Council's Yamphudin office, Suryaman Rai said along with foreigners domestic tourists are also arriving to see the Mt Kanchenjunga region through the south route. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the fiscal year 2078/79, a total of 359 tourists had entered the Kanchenjunga conservation area of Taplejung. Chief Conservation Officer Ramesh Kumar Yadav said that 222 foreigners, 63 from SAARC countries and 74 domestic tourists have entered the conservation area to observe the natural, religious, historical and tourist sites. In the previous year 2077/78, only 63 tourists had arrived in the region. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-10-31', 'modified' => '2022-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '15962', 'image' => '20221031025456_Things-to-Know-About-Kanchenjunga-Trek.jpg', 'article_date' => '2022-10-31 14:53:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16220', 'article_category_id' => '1', 'title' => 'Nepal yet to Become Self-Sufficient in Fruit Production ', 'sub_title' => '', 'summary' => 'October 31: According to government data, 1.2 million tons of fruits are produced annually in Nepal. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">October 31: According to government data, 1.2 million tons of fruits are produced annually in Nepal. The data provided by the National Fruit Development Center shows that 1.2 million tons of fruits were produced in 1.19 thousand hectares of productive land in different parts of Nepal in the fiscal year 2020/2021.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The data prepared by the center takes into account the main fruits produced in Nepal including apple, pear, orange, banana, mango, and papaya. According to the data, the fruits produced in the review year was the most in the last 11 years. Similarly, the lowest production was in the year 2010/11, with just 794,000 tons of fruit produced in 79,000 hectares of productive land. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Even though productivity is improving every year, Nepal has not yet become self-sufficient in fruits. In the year 2018/19, the productivity per hectare was 9.73 tons. This situation is improving and in the year 2021/22, the productivity per hectare has reached 10.50 per cent. In the same year, Nepal imported 280,000 tons of fruits. According to the data of the center, 372 tons of fruits were exported in the year 2020/2021.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the center's study, fruit cultivation is done in 4.79 per cent of the 3.391 thousand hectares of arable land in Nepal. Similarly, out of about 23 per cent contribution of the agriculture sector to Nepal's gross domestic product, 7.04 per cent is from fruit production.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The government has declared the period between 2016/17 to 2025/26 as the Fruit Decade in order to make the country self-sufficient in major fruits within this period by expanding the fruit business and promoting exports.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although various programs have been launched to make the fruit decade successful, large quantities of fruits are being imported every year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Yam Kumari Shrestha, information officer of the center, due to the lack of quality seeds, trained and skilled technicians and suitable markets and prices, fruit farmers have not been able to become self-sufficient in fruit production.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Amar Baniyan, president of Nepal Fruit Wholesale Business Association Kathmandu, informed that apples worth Rs 30 million and bananas worth Rs 40 million were imported from India and China only for the Tihar festival. Similarly, oranges worth Rs 50 million and coconuts worth Rs 20 million have been imported, he said.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Shrestha, fruits of different types worth Rs 72 million were imported into the fruit market of Kuleshwar for Tihar alone. Experts say that in some cases, the market price of foreign fruits is higher than that of domestic ones, so Nepali producers have become discouraged.</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><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><strong> </strong></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><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> <p> </p> ', 'published' => true, 'created' => '2022-10-31', 'modified' => '2022-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '15961', 'image' => '20221031024751_fruit.jpg', 'article_date' => '2022-10-31 14:46:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16219', 'article_category_id' => '1', 'title' => 'NAC Trades Barbs with CAAN for Last-Minute Flight Cancellation', 'sub_title' => '', 'summary' => 'October 31: Last-minute cancellation of a Nepal Airlines Corporation (NAC) flight to New Delhi on Sunday afternoon left 2544 passengers stranded. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">October 31: Last-minute cancellation of a Nepal Airlines Corporation (NAC) flight to New Delhi on Sunday afternoon left 2544 passengers stranded. Some of the passengers were sent to New Delhi through other airlines while the flag carrier of Nepal promised to send the remaining passengers to their destination on Monday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal Airlines and the Civil Aviation Authority of Nepal, the regulatory body, have been blaming each other for the flight cancellation. CAAN has accused NAC of making attempts to fly the aircraft without any approval for the flight schedule. The airliner has defended the move saying that it has already presented the flight schedule to the CAAN and has been trying to get it approved. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">CAAN has implemented the winter schedule effective from Sunday, October 30. As per this schedule, CAAN had asked airline companies to submit their flight schedules between October 30 to upcoming March. Accordingly, NAC submitted its flight schedule to CAAN, insists NAC Spokesperson Archana Khadka.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">However, it has been learnt that CAAN delayed approval of the flight schedule with the intention of pressing the airline companies to conduct flights from Bhairahawa-based Gautam Buddha International Airport as well.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NAC was confident that CAAN would approve the flight schedule and didn’t issue any notice to the passengers. The state-owned airline company also issued boarding passes to the passengers who were ready to board the aircraft. However, CAAN cancelled the flight in the last minute saying that the flight schedule hasn’t been approved.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NAC said that it is ready to conduct flights from GBIA as per the wish of CAAN but said it would take at least two months for technical management to operate the flights from the new airport.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Taking this as a disobedience, CAAN had disapproved four flights of NAC to New Delhi. NAC has been conducting 14 flights a week to New Delhi, including two flights a day. However, NAC has been allowed to conduct only 10 flights a week to New Delhi this winter.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Tribhuvan International Airport’s Spokesperson Teknath Sitaula confirmed that 245 passengers of NAC were issued boarding passes but the flight was cancelled as the flight schedule was not approved by CAAN. Sitaula said that NAC should have informed the passengers about the flight schedule but did not do so. Instead, the airline company called the passengers to board the flight even though the schedule was not approved, said Sitaula.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NAC Spokesperson Khadka said that they tried to get the flight schedule approved until the last minute but failed to do so. She said that the tickets for the New Delhi flight was sold beforehand and therefore the airline company was confident that CAAN would approve the flight schedule.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“We haven’t left the passengers stranded. We will send them to their destination by any means,” said Khadka.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-10-31', 'modified' => '2022-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '15960', 'image' => '20221031011343_1667187471.उडान रद्द हुँदा नयाँ दिल्ली जान लागेका २५४ यात्रु अलपत्र.jpg', 'article_date' => '2022-10-31 13:13:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '16233', 'article_category_id' => '1', 'title' => 'Nepali Cardamom Gets Halal Certificate ', 'sub_title' => '', 'summary' => 'November 2: Nepali cardamom has received the Halal Certificate.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 2: Nepali cardamom has received the Halal Certificate. It means that the cardamoms which were earlier exported only to India and Pakistan can now be exported to the Gulf countries. This certificate is a must to export food to the Gulf countries.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">India is the largest market for Nepali cardamom while Nepal has been exporting cardamoms to Pakistan since the last three years. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Nirmal Bhattarai, president of the Nepal Cardamom Traders Federation, it takes a long time for Nepali cardamom to reach Pakistan. He said Gulf countries have more opportunities than Pakistan due to price fluctuation. The producers will now export directly to the Gulf countries as they now have the Halal Certificate.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Nepali cardamom is exported under the brand name 'Everest Large Cardamom'. The government issued a trademark for cardamom on July 3, 2016 so that it can be exported under the name of Nepal in the international market. Four later, Pakistan approved the Nepali brand. Last year, 37.5 metric tons of cardamom worth Rs 50 million were exported to Pakistan. Although Nepali cardamom is preferred in Pakistan, the trading process is long (45 days), and the price is low. So, businessmen started looking for a market in the Gulf countries.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Since Nepali cardamom has received the Halal Certificate, traders will now export it to Qatar under its trademark.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">It is expected that the falling price of cardamom will go up now. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Halal Certificate is an organic registeration given by Qatar to products produced according to its standards. To get a Halal Certificate, cardamom must be produced organically, gloves must be worn while harvesting and picking them, and pigs must not be kept in the production area. Nepali farmers have fulfilled these criteria. Only cardamom that meets the standards can be exported to the Gulf countries.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Everest Large Cardamom got its market after Pakistan registered it. Rajkumar Karki, the former president of the Cardamom Traders Federation, said that Nepali cardamom is still being sold as an Indian product in the world market.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Karki, 95 per cent of Nepal's cardamom goes to India. The Nepali cardamom that reached the hands of Indian businessmen are being exported to the Gulf countries with the tag of Indian product.</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><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><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> <p> </p> ', 'published' => true, 'created' => '2022-11-02', 'modified' => '2022-11-02', 'keywords' => '', 'description' => '', 'sortorder' => '15974', 'image' => '20221102031915_BlackCardamom.jpg', 'article_date' => '2022-11-02 15:18:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16232', 'article_category_id' => '1', 'title' => 'Prices of Wheat and Corn Rise Globally', 'sub_title' => '', 'summary' => 'November 2: Prices of wheat and corn on global commodities markets rose on Monday after Russia pulled out of a deal that had allowed some vital grain exports from Ukraine to pass through the Black Sea despite the war, the CNN reported.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 2: Prices of wheat and corn on global commodities markets rose on Monday after Russia pulled out of a deal that had allowed some vital grain exports from Ukraine to pass through the Black Sea despite the war, the CNN reported.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to the news agency, wheat futures on the Chicago Board of Trade jumped 5.5 percent on Monday to USD 8.74 a bushel. Corn futures were up 2.3 percent to USD 6.96 a bushel.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Palm oil futures trading in Malaysia also rose amid fears of potential impact on exports of Ukraine sunflower oil, Reuters reported.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Ukraine and Russia together account for nearly a third of global wheat exports, the CNN said referring to information from an agricultural data firm Gro Intelligence. The two countries that are at war since February 24 are also among the top three global exporters of barley, maize, rapeseed oil and sunflower oil.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Russia withdrew from the grain deal on Saturday accusing Ukraine and the UK of drone attacks on its fleet in the Black Sea port city of Sevastopol. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">In an earlier report, Reuters had said that bakers and noodle manufacturers are replacing wheat with rice.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">"Wheat flour prices are almost at par with rice - automatically there will be shifting," Reuters quoted Franciscus Welirang, chairman of the Indonesian Flour Millers Association, as saying.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-02', 'modified' => '2022-11-02', 'keywords' => '', 'description' => '', 'sortorder' => '15973', 'image' => '20221102011401_wheatttttt.jpg', 'article_date' => '2022-11-02 13:13:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16231', 'article_category_id' => '1', 'title' => 'Number of Foreign Tourists Increasing at Hanuman Dhoka Durbar Square ', 'sub_title' => '', 'summary' => 'November 2: The number of foreign tourists visiting Hanuman Dhoka Durbar Square, a place of historical, archeological and religious value in the capital, is increasing of late. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 2: The number of foreign tourists visiting Hanuman Dhoka Durbar Square, a place of historical, archeological and religious value in the capital, is increasing of late. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The historical place enlisted in the UNESCO World Heritage Site received 10,594 tourists from outside the SAARC region in mid-September to mid-October this year while those from SAARC region stand at 3,178 during the same period, according to the Kathmandu Metropolitan City's Hanuman Dhoka Conservation Programme. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During mid-August to mid-September, 3,610 foreign tourists from outside the SAARC region had arrived at Hanuman Dhoka Durbar Square while the number of visitors from SAARC region was 1,893. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Hanuman Dhoka Durbar Square attracted 2,864 foreign tourists from outside the SAARC region during mid-July to mid-August while 1,399 tourists from SAARC region visited the site which features the famed nine-storey palace, monuments, open air museum, courtyards and quadrangles, temples and open public spaces among others built during the 15th to 20th century. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The influx of foreign tourists has been increasing satisfactorily post COVID-19 pandemic, according to Programme Chief Roshan Shakya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The programme covers historical monuments in KMC's ward no 19, 20, 23 and 24. Foreign tourists from outside the SAARC region have to pay Rs 1,000 as entry fee to this area while Rs 150 is charged with tourists from SAARC region. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-02', 'modified' => '2022-11-02', 'keywords' => '', 'description' => '', 'sortorder' => '15972', 'image' => '20221102120925_20190430021212_1x.jpg', 'article_date' => '2022-11-02 12:08:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16230', 'article_category_id' => '1', 'title' => 'Embossed Number Plates Fixed on Less than Two Percent of Vehicles ', 'sub_title' => '', 'summary' => 'November 2: The placing of embossed number plates, which is considered vital for the safety of vehicles, has been sluggish. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 2: The placing of embossed number plates, which is considered vital for the safety of vehicles, has been sluggish. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the state-owned RSS, the government had decided to fix such number plates six years ago but the embossed number plates have been fixed on less than two percent of the targeted vehicles so far. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had set a target of fixing embossed number plates on 2.5 million vehicles in five years, RSS added. The plates have been placed on 35,000 vehicles only, according to the Department of Transport Management. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We are requesting the people to get the embossed number plates installed on their vehicles,” RSS quoted Ishwori Datta Paneru, the spokesperson of the department, as saying. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Spokesperson Paneru mentioned that all should install embossed number plate on their vehicles as it is the responsibility of all to follow the laws. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department informed that it is mandatory for all vehicles to fix embossed number plates.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had issued a notice in the Nepal Gazette on November 8, 2021 regarding fixing of the embossed number plates.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The decision to make embossed number plates mandatory has drawn widespread condemnation, especially because the DoTM has not prepared the required infrastructure to deliver the service. </span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-02', 'modified' => '2022-11-02', 'keywords' => '', 'description' => '', 'sortorder' => '15971', 'image' => '20221102112443_20220608081057_Department.jpg', 'article_date' => '2022-11-02 11:23:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16228', 'article_category_id' => '218', 'title' => 'BOK Cash-Back Offer Continues after Tihar', 'sub_title' => '', 'summary' => 'November 1: Bank of Kathmandu (BOK) has announced cash-back offer even after the festive season.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 1: Bank of Kathmandu (BOK) has announced cash-back offer even after the festive season. The bank announced the scheme previously, aiming to facilitate the purchase of necessary goods to its customers during the festivals of Dashain, Tihar, Nepali New Year 1143 and Chhath. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the scheme, customers will get up to 25 percent cash back when scanning the QR code from mobile banking and making online payment. Under the scheme, the customer who transacts for the first time through mobile banking of the bank will get 25 percent of the first transaction amount or up to 150 rupees. The cash back scheme has been extended till November 6.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15970', 'image' => '20221101064623_BoKtopup_20200226110816.jpg', 'article_date' => '2022-11-01 18:45:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16229', 'article_category_id' => '1', 'title' => 'NICCI, Bangladesh Discuss Investment in Hydropower Sector of Nepal', 'sub_title' => '', 'summary' => 'November 1: Nepal-India Chamber of Commerce and Industry (NICCI) held discussions with representatives of Bangladesh regarding bilateral investment in the hydropower sector.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 1: Nepal-India Chamber of Commerce and Industry (NICCI) held discussions with representatives of Bangladesh regarding bilateral investment in the hydropower sector. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Vice President of NICCI Sunil KC held talks with Salman Rahman, advisor to the government led by Sheikh Hasina, in this regard. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The discussion focused on development of hydropower sector and joint investment in this sector. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">KC, who is currently in a visit to Bangladesh, also discussed issues such as expanding transmission line between Nepal and Bangladesh, investment commitment in Nepal’s hydropower sector, marketing among others. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">During the meeting, Rahman reaffirmed the stance of Bangladesh regarding investment in Nepal by taking the Indian side in confidence. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">On the occasion, Vice President KC requested Bangladesh to prioritize investment in Nepal’s hydropower sector.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">It was informed during the meeting that the private sector of Bangladesh is ready to invest USD 3 billion in Nepal. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">During his Bangaldesh visit, KC also met Home Minister of Bangladesh Asaduzzman Khan, who is an influential leader of the ruling Awami League.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15969', 'image' => '20221101071311_hydro.jpg', 'article_date' => '2022-11-01 19:12:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16227', 'article_category_id' => '1', 'title' => 'World Bank Suggests Lifting Import Ban', 'sub_title' => '', 'summary' => 'November 1: Stating that Nepal’s situation is not as dire as that of Sri Lanka, the World Bank has suggested removing the ban on the import of the some luxury goods. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 1: Stating that Nepal’s situation is not as dire as that of Sri Lanka, the World Bank has suggested removing the ban on the import of the some luxury goods. The government had banned the import of 10 items including personal vehicles, expensive mobile phones, readymade liquor, high-capacity motorcycles, playing cards, diamonds, tobacco products, and large-sized televisions since April due to the pressure on foreign exchange reserves. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although the ban on the import of 6 out of 10 items has already been lifted from the last week of August, ban on the import of cars, jeep, vans, readymade liquor, motorcycles of more than 150 cc capacity and smartphones worth more than 300 USD still continues.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The World Bank suggests that the ban on imports should be removed to strengthen the country’s economy. Releasing the Nepal Development Update report, the bank emphasized on the need to increase the policy interest rate stating that increasing the policy interest rate will discourage imports.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Similarly, the World Bank also asked to impose value added tax in the areas where excise duty and customs duty are imposed. In the 51-page report, there are suggestions to reduce the list of items that are currently subsidized by increasing the price, to increase the spending capacity of the local level and the province, to increase the internal consumption of electricity, to cooperate with countries like India and Bangladesh to bring investment in hydropower sector, and to improve the foreign investment policy.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">World Bank’s economist Alice J Brooks said that although there are rumors of Nepal's situation becoming similar to that of Sri Lanka, the reality is rather contrasting. She reassured that even though there were some problems due to the economy weakened by Covid-19 and the high pressure on imports, Nepal’s economy is currently improving.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Brooks said that the government's debt is 42 percent of the gross domestic product (GDP), imports are decreasing and the positive improvement in foreign exchange reserves shows that Nepal's economy is improving. She said that the foreign exchange reserves are positive as they can sustain imports for at least 7 months. The World Bank suggests that necessary policies should be made in time as climate change has a major impact on Nepal's agriculture and other sectors. The report mentions that the recent changes in weather may affect Nepal's infrastructure and foreign employment.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The World Bank warned that the impact of climate change has already started to be seen in agriculture and it may directly affect Nepal's hydropower as well. The bank says that global temperature increase will have a direct impact on power plants based on river flow system. As per the World Bank, “Electricity is a sector with great potential in the Nepali economy. Affecting it means directly affecting the economy.” It added that it has been providing financial and policy support in climate change control and is ready to cooperate further.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The micro-fiscal model prepared by the World Bank was also handed over to the Government of Nepal. The World Bank has been using this model to prepare the Nepal Development Update as well as in economic and monetary analysis.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15968', 'image' => '20221101063140_import.jpg', 'article_date' => '2022-11-01 18:31:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16226', 'article_category_id' => '1', 'title' => 'Nepal Highly Vulnerable to Global Climate Change: Prime Minister Deuba ', 'sub_title' => '', 'summary' => 'November 1: Prime Minister Sher Bahadur Deuba has said that Nepal is at high risk due to regional and global climate change.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 1: Prime Minister Sher Bahadur Deuba has said that Nepal is at high risk due to regional and global climate change. He also mentioned that Nepali people have had to face multi-faceted challenges due to rising temperature and widespread changes in rainfall pattern, increase in disaster and extreme events. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the first meeting of the National Council for Environmental Protection and Climate Change Management on Monday, which was formed as per the provisions of the Environment Act, 2076, PM Deuba said that the government has accorded top priority to climate change and environmental protection. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 27th Conference of Parties to the International Framework Convention on Climate Change (COP-27) is going to be held in Egypt from November 6 to 18. In this context, Prime Minister Deuba said that Nepal should urge the rich and developed countries of the world to revise their ambitious Nationally Determined Contributions (NDCs) and long-term low emission development strategy to limit the global temperature rise within 1.5 degrees Celsius. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In this regard, Nepal should lobby with the United Nations Climate Secretariat for active leadership, he said and expressed his commitment to take initiatives to ensure the progress of the 'Santiago Loss and Damage Mechanism' and the demand for a separate loss and damage finance system by putting the loss and damage finance system formally on the agenda. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, documents related to the preparations for the COP-27, national prescribed implementation plan, climate finance strategy and action plan prepared in coordination with the Ministry of Forest and Environment, Ministry of Finance, Planning Commission and the Office of the Prime Minister and Council of Ministers were presented. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting also approved the Council's Meeting Procedures 2079, National Determined Contribution Implementation Plan, Climate Finance Strategy and Action Plan and Nepal's concept paper related to COP-27. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15967', 'image' => '20221101042254_PM deubaa.jpg', 'article_date' => '2022-11-01 16:21:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16225', 'article_category_id' => '1', 'title' => ''Businesses Environment Affected by bad Loans' ', 'sub_title' => '', 'summary' => 'November 1: Two years ago, Nepal Rice, Oil and Pulses Industry Association had requested the government to introduce a law on debt recovery.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 1: Two years ago, Nepal Rice, Oil and Pulses Industry Association had requested the government to introduce a law on debt recovery. The association had decided to demand for such law during its 43rd general assembly, urging the government not to allow credit transactions for more than a month.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">A few months ago, the Birgunj Chamber of Commerce and Industry also strongly raised this demand in its 46th general assembly. The president of the association, Subodh Kumar Gupta, in the presence of the finance minister drew the minister's attention to the fact that the market had shrunk after the onset of Covid-19 and had been further threatened by credit transactions. He also demanded to bring effective laws to protect the economy from accidents.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The businessmen have also been demanding stern laws related to loan recovery. Till date, the government has not taken effective steps in this regard.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Ganesh Prasad Lath, president of the Madhes Chapter of the Federation of Nepalese Chamber of Commerce and Industry, has accused the government of being indifferent to solving the problem of credit transaction. The private sector does not fail to give this suggestion to the government every year in the pre-budget discussions. However, Lath complains that the budget has not addressed the demand yet.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Nepal is also not untouched by the global recession in the aftermath of the coronavirus pandemic. Private sector leaders say that its impact is even greater in an import-oriented economy like ours. The import control policy adopted by the government to reduce the pressure on the foreign exchange reserves and the lack of investable funds in the financial sector has led to a decline in production and supply.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Gupta said that while the average production of industries has fallen to 20 to 25 per cent of the total capacity, there is competition in the market to acquire loan. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“There is no demand in the market. Production has decreased. In such a situation, there is a competition on who will give more credits,'' said Gupta.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to entrepreneurs, the lending period has almost doubled in the post-pandemic era. Navneet Agarwal, a businessman, shared that pre-coronavirus payments used to come within three months, but now they have stopped coming even after six months. In the past, it was a situation of getting paid in one to one and a half months after selling the goods. </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><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><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><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' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15966', 'image' => '20221101015645_badloan.jpg', 'article_date' => '2022-11-01 13:56:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16224', 'article_category_id' => '1', 'title' => 'CAAN Tells Airlines Companies to Operate Int’l Chartered Flights from GBIA ', 'sub_title' => '', 'summary' => 'November 1: The Civil Aviation Authority of Nepal (CAAN) has decided to conduct international chartered flights from the newly-constructed Gautam Buddha International Airport (GBIA) in Bhairahawa.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 1: The Civil Aviation Authority of Nepal (CAAN) has decided to conduct international chartered flights from the newly-constructed Gautam Buddha International Airport (GBIA) in Bhairahawa. Until now, all international chartered flights are operated through Kathmandu-based Tribhuvan International Airport (TIA). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The autonomous civil aviation regulator of the country resorted to the move to bring the GBIA into full operation, said CAAN Director General Pradip Adhikari. The airport officially came into operation on May 16 this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, one international flight out of every three flights at the TIA will have to be operated at the GBIA, according to a winter flight schedule that came into operation from October 30. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CAAN earlier directed three international airlines along with the Nepal Airlines Corporation, the national flag carrier of Nepal, and the Himalaya Airlines to operate a flight a day each at the GBIA. At present, only Jazeera Airways is running three flights a week at the GBIA. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15965', 'image' => '20221101012840_GBIAAA.jpg', 'article_date' => '2022-11-01 13:28:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16223', 'article_category_id' => '1', 'title' => '161 Climbers Including 77 Foreigners climb Mt Manaslu this Spring ', 'sub_title' => '', 'summary' => 'November 1: A total of 161 climbers have so far succeeded in climbing Mt Manslu in this spring season. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 1: A total of 161 climbers have so far succeeded in climbing Mt Manslu in this spring season. According to the Department of Tourism, 77 foreigners and 84 Nepal reached the top of Manaslu (8,163 meter) this spring. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department's Mountaineering Section's officer Bigyan Koirala said this time 407 foreigners acquired permission to scale the mountain, but only 77 made it. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They were accompanied by Nepali Sherpa guides to the peak. Now the expedition to the Mount Manaslu has been completed while it continues in other peaks. The number of Manaslu climbers this time is relatively less than the previous years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The area above the Manaslu base camp witnessed an avalanche just prior to the commencement of Manaslu expedition this season, killing one and leaving some others injured. The incident occurred on September 26. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The mountain based in Chumanubri rural municipality in north Gorkha remains as the world's eighth highest peak and it lies along the Manasiri mountain range. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15964', 'image' => '20221101102053_manaslu.jpg', 'article_date' => '2022-11-01 10:20:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16222', 'article_category_id' => '1', 'title' => 'World Bank Estimates 5.8 Percent Growth in 2022 ', 'sub_title' => '', 'summary' => 'Novermber 1: The World Bank has projected Nepal's economic growth rate to reach 5.8 per cent in 2022. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Novermber </span>1: <span style="font-family:"Arial Unicode MS","sans-serif"">The World Bank has projected Nepal's economic growth rate to reach 5.8 per cent in 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Releasing the October 2022 edition of the Nepal's Development Update on Monday, the World Bank estimated that Nepal's Gross Domestic Product (GDP) would increase by 5.8 per cent in 2022. Meanwhile, the report has projected Nepal's GDP to increase by 5.1 per cent in 2023 and by 4.1 per cent in 2024. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, unveiling the report 'Countering the Cast of Living Crisis', the International Monetary Fund had estimated that Nepal's economic growth rate would increase by 4.1 per cent in 2022. The World Bank projection is in stark contract with the government’s target of achieving 8 per cent economic growth in the current fiscal year (FY 2022/23). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the World Bank has estimated the inflation rate of 6.3 per cent in 2022 as well as 5.5 per cent price hike in 2023 and 5.3 per cent in 2024. The government, in the budget for the current fiscal year has set a target to limit price hike within seven percent. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In 2022, the World Bank has projected export of goods and services to increase by 35 per cent and import by 15 per cent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the World Bank, growth rate of industrial sector will increase by 10.2 percentage points while the growth of service sector will rise by 5.9 percentage points and that of agricultural sector by 2.3 percentage points in the year 2022. </span><br /> <br /> </span></span></p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15963', 'image' => '20221101101708_World.jpg', 'article_date' => '2022-11-01 10:16:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16221', 'article_category_id' => '1', 'title' => 'Arrival of Tourists Increasing in Kanchenjunga Area ', 'sub_title' => '', 'summary' => 'October 31: Domestic and foreign tourists have started arriving in Kanchenjunga region, the home to the third highest peak in the world. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: Domestic and foreign tourists have started arriving in Kanchenjunga region, the home to the third highest peak in the world. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As a result, tourism entrepreneurs are excited with the arrival of tourists in the Kanchenjunga area, which has been deserted for a long time. Tourism business is the main source of income for the communities in the high mountain settlements such as Kapla, Phale, Ghunsa, Khabajen and Lonak in Phattanglung Rural Municipality-6 of Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Hotel owner Pema Sherpa had thought of changing his profession after arrival of tourists dropped to zero due to COVID-19. But his thoughts have now changed with signs of revival of tourism in the area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Kanchenjunga Conservation Area Management Council, 52 hotels are operating in the trekking route leading to the base camp of Mount Kanchenjunga. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Programme assistant coordinator at the council office, Jiten Chemjong, said that four hotels built with an investment of more than Rs 10 million are operating at an altitude of 3,500 meters to 4,500 meters above the sea level. The hotels which had been closed for a long time due to coronavirus pandemic are now full of guests. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Two paths are used to reach the base camp of Mt Kanchenjunga. Mostly, tourists reach the base camp of Kanchenjunga through Sirijunga Rural Municipality of Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tourism assistant at Management Council's Yamphudin office, Suryaman Rai said along with foreigners domestic tourists are also arriving to see the Mt Kanchenjunga region through the south route. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the fiscal year 2078/79, a total of 359 tourists had entered the Kanchenjunga conservation area of Taplejung. Chief Conservation Officer Ramesh Kumar Yadav said that 222 foreigners, 63 from SAARC countries and 74 domestic tourists have entered the conservation area to observe the natural, religious, historical and tourist sites. In the previous year 2077/78, only 63 tourists had arrived in the region. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-10-31', 'modified' => '2022-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '15962', 'image' => '20221031025456_Things-to-Know-About-Kanchenjunga-Trek.jpg', 'article_date' => '2022-10-31 14:53:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16220', 'article_category_id' => '1', 'title' => 'Nepal yet to Become Self-Sufficient in Fruit Production ', 'sub_title' => '', 'summary' => 'October 31: According to government data, 1.2 million tons of fruits are produced annually in Nepal. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">October 31: According to government data, 1.2 million tons of fruits are produced annually in Nepal. The data provided by the National Fruit Development Center shows that 1.2 million tons of fruits were produced in 1.19 thousand hectares of productive land in different parts of Nepal in the fiscal year 2020/2021.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The data prepared by the center takes into account the main fruits produced in Nepal including apple, pear, orange, banana, mango, and papaya. According to the data, the fruits produced in the review year was the most in the last 11 years. Similarly, the lowest production was in the year 2010/11, with just 794,000 tons of fruit produced in 79,000 hectares of productive land. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Even though productivity is improving every year, Nepal has not yet become self-sufficient in fruits. In the year 2018/19, the productivity per hectare was 9.73 tons. This situation is improving and in the year 2021/22, the productivity per hectare has reached 10.50 per cent. In the same year, Nepal imported 280,000 tons of fruits. According to the data of the center, 372 tons of fruits were exported in the year 2020/2021.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the center's study, fruit cultivation is done in 4.79 per cent of the 3.391 thousand hectares of arable land in Nepal. Similarly, out of about 23 per cent contribution of the agriculture sector to Nepal's gross domestic product, 7.04 per cent is from fruit production.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The government has declared the period between 2016/17 to 2025/26 as the Fruit Decade in order to make the country self-sufficient in major fruits within this period by expanding the fruit business and promoting exports.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although various programs have been launched to make the fruit decade successful, large quantities of fruits are being imported every year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Yam Kumari Shrestha, information officer of the center, due to the lack of quality seeds, trained and skilled technicians and suitable markets and prices, fruit farmers have not been able to become self-sufficient in fruit production.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Amar Baniyan, president of Nepal Fruit Wholesale Business Association Kathmandu, informed that apples worth Rs 30 million and bananas worth Rs 40 million were imported from India and China only for the Tihar festival. Similarly, oranges worth Rs 50 million and coconuts worth Rs 20 million have been imported, he said.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Shrestha, fruits of different types worth Rs 72 million were imported into the fruit market of Kuleshwar for Tihar alone. Experts say that in some cases, the market price of foreign fruits is higher than that of domestic ones, so Nepali producers have become discouraged.</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><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><strong> </strong></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><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> <p> </p> ', 'published' => true, 'created' => '2022-10-31', 'modified' => '2022-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '15961', 'image' => '20221031024751_fruit.jpg', 'article_date' => '2022-10-31 14:46:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16219', 'article_category_id' => '1', 'title' => 'NAC Trades Barbs with CAAN for Last-Minute Flight Cancellation', 'sub_title' => '', 'summary' => 'October 31: Last-minute cancellation of a Nepal Airlines Corporation (NAC) flight to New Delhi on Sunday afternoon left 2544 passengers stranded. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">October 31: Last-minute cancellation of a Nepal Airlines Corporation (NAC) flight to New Delhi on Sunday afternoon left 2544 passengers stranded. Some of the passengers were sent to New Delhi through other airlines while the flag carrier of Nepal promised to send the remaining passengers to their destination on Monday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal Airlines and the Civil Aviation Authority of Nepal, the regulatory body, have been blaming each other for the flight cancellation. CAAN has accused NAC of making attempts to fly the aircraft without any approval for the flight schedule. The airliner has defended the move saying that it has already presented the flight schedule to the CAAN and has been trying to get it approved. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">CAAN has implemented the winter schedule effective from Sunday, October 30. As per this schedule, CAAN had asked airline companies to submit their flight schedules between October 30 to upcoming March. Accordingly, NAC submitted its flight schedule to CAAN, insists NAC Spokesperson Archana Khadka.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">However, it has been learnt that CAAN delayed approval of the flight schedule with the intention of pressing the airline companies to conduct flights from Bhairahawa-based Gautam Buddha International Airport as well.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NAC was confident that CAAN would approve the flight schedule and didn’t issue any notice to the passengers. The state-owned airline company also issued boarding passes to the passengers who were ready to board the aircraft. However, CAAN cancelled the flight in the last minute saying that the flight schedule hasn’t been approved.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NAC said that it is ready to conduct flights from GBIA as per the wish of CAAN but said it would take at least two months for technical management to operate the flights from the new airport.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Taking this as a disobedience, CAAN had disapproved four flights of NAC to New Delhi. NAC has been conducting 14 flights a week to New Delhi, including two flights a day. However, NAC has been allowed to conduct only 10 flights a week to New Delhi this winter.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Tribhuvan International Airport’s Spokesperson Teknath Sitaula confirmed that 245 passengers of NAC were issued boarding passes but the flight was cancelled as the flight schedule was not approved by CAAN. Sitaula said that NAC should have informed the passengers about the flight schedule but did not do so. Instead, the airline company called the passengers to board the flight even though the schedule was not approved, said Sitaula.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NAC Spokesperson Khadka said that they tried to get the flight schedule approved until the last minute but failed to do so. She said that the tickets for the New Delhi flight was sold beforehand and therefore the airline company was confident that CAAN would approve the flight schedule.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“We haven’t left the passengers stranded. We will send them to their destination by any means,” said Khadka.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-10-31', 'modified' => '2022-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '15960', 'image' => '20221031011343_1667187471.उडान रद्द हुँदा नयाँ दिल्ली जान लागेका २५४ यात्रु अलपत्र.jpg', 'article_date' => '2022-10-31 13:13:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '16233', 'article_category_id' => '1', 'title' => 'Nepali Cardamom Gets Halal Certificate ', 'sub_title' => '', 'summary' => 'November 2: Nepali cardamom has received the Halal Certificate.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 2: Nepali cardamom has received the Halal Certificate. It means that the cardamoms which were earlier exported only to India and Pakistan can now be exported to the Gulf countries. This certificate is a must to export food to the Gulf countries.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">India is the largest market for Nepali cardamom while Nepal has been exporting cardamoms to Pakistan since the last three years. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Nirmal Bhattarai, president of the Nepal Cardamom Traders Federation, it takes a long time for Nepali cardamom to reach Pakistan. He said Gulf countries have more opportunities than Pakistan due to price fluctuation. The producers will now export directly to the Gulf countries as they now have the Halal Certificate.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Nepali cardamom is exported under the brand name 'Everest Large Cardamom'. The government issued a trademark for cardamom on July 3, 2016 so that it can be exported under the name of Nepal in the international market. Four later, Pakistan approved the Nepali brand. Last year, 37.5 metric tons of cardamom worth Rs 50 million were exported to Pakistan. Although Nepali cardamom is preferred in Pakistan, the trading process is long (45 days), and the price is low. So, businessmen started looking for a market in the Gulf countries.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Since Nepali cardamom has received the Halal Certificate, traders will now export it to Qatar under its trademark.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">It is expected that the falling price of cardamom will go up now. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Halal Certificate is an organic registeration given by Qatar to products produced according to its standards. To get a Halal Certificate, cardamom must be produced organically, gloves must be worn while harvesting and picking them, and pigs must not be kept in the production area. Nepali farmers have fulfilled these criteria. Only cardamom that meets the standards can be exported to the Gulf countries.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Everest Large Cardamom got its market after Pakistan registered it. Rajkumar Karki, the former president of the Cardamom Traders Federation, said that Nepali cardamom is still being sold as an Indian product in the world market.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Karki, 95 per cent of Nepal's cardamom goes to India. The Nepali cardamom that reached the hands of Indian businessmen are being exported to the Gulf countries with the tag of Indian product.</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><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><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> <p> </p> ', 'published' => true, 'created' => '2022-11-02', 'modified' => '2022-11-02', 'keywords' => '', 'description' => '', 'sortorder' => '15974', 'image' => '20221102031915_BlackCardamom.jpg', 'article_date' => '2022-11-02 15:18:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16232', 'article_category_id' => '1', 'title' => 'Prices of Wheat and Corn Rise Globally', 'sub_title' => '', 'summary' => 'November 2: Prices of wheat and corn on global commodities markets rose on Monday after Russia pulled out of a deal that had allowed some vital grain exports from Ukraine to pass through the Black Sea despite the war, the CNN reported.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 2: Prices of wheat and corn on global commodities markets rose on Monday after Russia pulled out of a deal that had allowed some vital grain exports from Ukraine to pass through the Black Sea despite the war, the CNN reported.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">According to the news agency, wheat futures on the Chicago Board of Trade jumped 5.5 percent on Monday to USD 8.74 a bushel. Corn futures were up 2.3 percent to USD 6.96 a bushel.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Palm oil futures trading in Malaysia also rose amid fears of potential impact on exports of Ukraine sunflower oil, Reuters reported.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Ukraine and Russia together account for nearly a third of global wheat exports, the CNN said referring to information from an agricultural data firm Gro Intelligence. The two countries that are at war since February 24 are also among the top three global exporters of barley, maize, rapeseed oil and sunflower oil.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Russia withdrew from the grain deal on Saturday accusing Ukraine and the UK of drone attacks on its fleet in the Black Sea port city of Sevastopol. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">In an earlier report, Reuters had said that bakers and noodle manufacturers are replacing wheat with rice.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">"Wheat flour prices are almost at par with rice - automatically there will be shifting," Reuters quoted Franciscus Welirang, chairman of the Indonesian Flour Millers Association, as saying.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-02', 'modified' => '2022-11-02', 'keywords' => '', 'description' => '', 'sortorder' => '15973', 'image' => '20221102011401_wheatttttt.jpg', 'article_date' => '2022-11-02 13:13:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16231', 'article_category_id' => '1', 'title' => 'Number of Foreign Tourists Increasing at Hanuman Dhoka Durbar Square ', 'sub_title' => '', 'summary' => 'November 2: The number of foreign tourists visiting Hanuman Dhoka Durbar Square, a place of historical, archeological and religious value in the capital, is increasing of late. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 2: The number of foreign tourists visiting Hanuman Dhoka Durbar Square, a place of historical, archeological and religious value in the capital, is increasing of late. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The historical place enlisted in the UNESCO World Heritage Site received 10,594 tourists from outside the SAARC region in mid-September to mid-October this year while those from SAARC region stand at 3,178 during the same period, according to the Kathmandu Metropolitan City's Hanuman Dhoka Conservation Programme. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During mid-August to mid-September, 3,610 foreign tourists from outside the SAARC region had arrived at Hanuman Dhoka Durbar Square while the number of visitors from SAARC region was 1,893. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Hanuman Dhoka Durbar Square attracted 2,864 foreign tourists from outside the SAARC region during mid-July to mid-August while 1,399 tourists from SAARC region visited the site which features the famed nine-storey palace, monuments, open air museum, courtyards and quadrangles, temples and open public spaces among others built during the 15th to 20th century. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The influx of foreign tourists has been increasing satisfactorily post COVID-19 pandemic, according to Programme Chief Roshan Shakya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The programme covers historical monuments in KMC's ward no 19, 20, 23 and 24. Foreign tourists from outside the SAARC region have to pay Rs 1,000 as entry fee to this area while Rs 150 is charged with tourists from SAARC region. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-02', 'modified' => '2022-11-02', 'keywords' => '', 'description' => '', 'sortorder' => '15972', 'image' => '20221102120925_20190430021212_1x.jpg', 'article_date' => '2022-11-02 12:08:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16230', 'article_category_id' => '1', 'title' => 'Embossed Number Plates Fixed on Less than Two Percent of Vehicles ', 'sub_title' => '', 'summary' => 'November 2: The placing of embossed number plates, which is considered vital for the safety of vehicles, has been sluggish. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 2: The placing of embossed number plates, which is considered vital for the safety of vehicles, has been sluggish. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the state-owned RSS, the government had decided to fix such number plates six years ago but the embossed number plates have been fixed on less than two percent of the targeted vehicles so far. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had set a target of fixing embossed number plates on 2.5 million vehicles in five years, RSS added. The plates have been placed on 35,000 vehicles only, according to the Department of Transport Management. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We are requesting the people to get the embossed number plates installed on their vehicles,” RSS quoted Ishwori Datta Paneru, the spokesperson of the department, as saying. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Spokesperson Paneru mentioned that all should install embossed number plate on their vehicles as it is the responsibility of all to follow the laws. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department informed that it is mandatory for all vehicles to fix embossed number plates.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had issued a notice in the Nepal Gazette on November 8, 2021 regarding fixing of the embossed number plates.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The decision to make embossed number plates mandatory has drawn widespread condemnation, especially because the DoTM has not prepared the required infrastructure to deliver the service. </span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-02', 'modified' => '2022-11-02', 'keywords' => '', 'description' => '', 'sortorder' => '15971', 'image' => '20221102112443_20220608081057_Department.jpg', 'article_date' => '2022-11-02 11:23:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16228', 'article_category_id' => '218', 'title' => 'BOK Cash-Back Offer Continues after Tihar', 'sub_title' => '', 'summary' => 'November 1: Bank of Kathmandu (BOK) has announced cash-back offer even after the festive season.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 1: Bank of Kathmandu (BOK) has announced cash-back offer even after the festive season. The bank announced the scheme previously, aiming to facilitate the purchase of necessary goods to its customers during the festivals of Dashain, Tihar, Nepali New Year 1143 and Chhath. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the scheme, customers will get up to 25 percent cash back when scanning the QR code from mobile banking and making online payment. Under the scheme, the customer who transacts for the first time through mobile banking of the bank will get 25 percent of the first transaction amount or up to 150 rupees. The cash back scheme has been extended till November 6.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15970', 'image' => '20221101064623_BoKtopup_20200226110816.jpg', 'article_date' => '2022-11-01 18:45:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16229', 'article_category_id' => '1', 'title' => 'NICCI, Bangladesh Discuss Investment in Hydropower Sector of Nepal', 'sub_title' => '', 'summary' => 'November 1: Nepal-India Chamber of Commerce and Industry (NICCI) held discussions with representatives of Bangladesh regarding bilateral investment in the hydropower sector.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 1: Nepal-India Chamber of Commerce and Industry (NICCI) held discussions with representatives of Bangladesh regarding bilateral investment in the hydropower sector. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Vice President of NICCI Sunil KC held talks with Salman Rahman, advisor to the government led by Sheikh Hasina, in this regard. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The discussion focused on development of hydropower sector and joint investment in this sector. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">KC, who is currently in a visit to Bangladesh, also discussed issues such as expanding transmission line between Nepal and Bangladesh, investment commitment in Nepal’s hydropower sector, marketing among others. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">During the meeting, Rahman reaffirmed the stance of Bangladesh regarding investment in Nepal by taking the Indian side in confidence. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">On the occasion, Vice President KC requested Bangladesh to prioritize investment in Nepal’s hydropower sector.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">It was informed during the meeting that the private sector of Bangladesh is ready to invest USD 3 billion in Nepal. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">During his Bangaldesh visit, KC also met Home Minister of Bangladesh Asaduzzman Khan, who is an influential leader of the ruling Awami League.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15969', 'image' => '20221101071311_hydro.jpg', 'article_date' => '2022-11-01 19:12:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16227', 'article_category_id' => '1', 'title' => 'World Bank Suggests Lifting Import Ban', 'sub_title' => '', 'summary' => 'November 1: Stating that Nepal’s situation is not as dire as that of Sri Lanka, the World Bank has suggested removing the ban on the import of the some luxury goods. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 1: Stating that Nepal’s situation is not as dire as that of Sri Lanka, the World Bank has suggested removing the ban on the import of the some luxury goods. The government had banned the import of 10 items including personal vehicles, expensive mobile phones, readymade liquor, high-capacity motorcycles, playing cards, diamonds, tobacco products, and large-sized televisions since April due to the pressure on foreign exchange reserves. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although the ban on the import of 6 out of 10 items has already been lifted from the last week of August, ban on the import of cars, jeep, vans, readymade liquor, motorcycles of more than 150 cc capacity and smartphones worth more than 300 USD still continues.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The World Bank suggests that the ban on imports should be removed to strengthen the country’s economy. Releasing the Nepal Development Update report, the bank emphasized on the need to increase the policy interest rate stating that increasing the policy interest rate will discourage imports.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Similarly, the World Bank also asked to impose value added tax in the areas where excise duty and customs duty are imposed. In the 51-page report, there are suggestions to reduce the list of items that are currently subsidized by increasing the price, to increase the spending capacity of the local level and the province, to increase the internal consumption of electricity, to cooperate with countries like India and Bangladesh to bring investment in hydropower sector, and to improve the foreign investment policy.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">World Bank’s economist Alice J Brooks said that although there are rumors of Nepal's situation becoming similar to that of Sri Lanka, the reality is rather contrasting. She reassured that even though there were some problems due to the economy weakened by Covid-19 and the high pressure on imports, Nepal’s economy is currently improving.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Brooks said that the government's debt is 42 percent of the gross domestic product (GDP), imports are decreasing and the positive improvement in foreign exchange reserves shows that Nepal's economy is improving. She said that the foreign exchange reserves are positive as they can sustain imports for at least 7 months. The World Bank suggests that necessary policies should be made in time as climate change has a major impact on Nepal's agriculture and other sectors. The report mentions that the recent changes in weather may affect Nepal's infrastructure and foreign employment.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The World Bank warned that the impact of climate change has already started to be seen in agriculture and it may directly affect Nepal's hydropower as well. The bank says that global temperature increase will have a direct impact on power plants based on river flow system. As per the World Bank, “Electricity is a sector with great potential in the Nepali economy. Affecting it means directly affecting the economy.” It added that it has been providing financial and policy support in climate change control and is ready to cooperate further.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The micro-fiscal model prepared by the World Bank was also handed over to the Government of Nepal. The World Bank has been using this model to prepare the Nepal Development Update as well as in economic and monetary analysis.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15968', 'image' => '20221101063140_import.jpg', 'article_date' => '2022-11-01 18:31:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16226', 'article_category_id' => '1', 'title' => 'Nepal Highly Vulnerable to Global Climate Change: Prime Minister Deuba ', 'sub_title' => '', 'summary' => 'November 1: Prime Minister Sher Bahadur Deuba has said that Nepal is at high risk due to regional and global climate change.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 1: Prime Minister Sher Bahadur Deuba has said that Nepal is at high risk due to regional and global climate change. He also mentioned that Nepali people have had to face multi-faceted challenges due to rising temperature and widespread changes in rainfall pattern, increase in disaster and extreme events. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the first meeting of the National Council for Environmental Protection and Climate Change Management on Monday, which was formed as per the provisions of the Environment Act, 2076, PM Deuba said that the government has accorded top priority to climate change and environmental protection. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 27th Conference of Parties to the International Framework Convention on Climate Change (COP-27) is going to be held in Egypt from November 6 to 18. In this context, Prime Minister Deuba said that Nepal should urge the rich and developed countries of the world to revise their ambitious Nationally Determined Contributions (NDCs) and long-term low emission development strategy to limit the global temperature rise within 1.5 degrees Celsius. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In this regard, Nepal should lobby with the United Nations Climate Secretariat for active leadership, he said and expressed his commitment to take initiatives to ensure the progress of the 'Santiago Loss and Damage Mechanism' and the demand for a separate loss and damage finance system by putting the loss and damage finance system formally on the agenda. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, documents related to the preparations for the COP-27, national prescribed implementation plan, climate finance strategy and action plan prepared in coordination with the Ministry of Forest and Environment, Ministry of Finance, Planning Commission and the Office of the Prime Minister and Council of Ministers were presented. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting also approved the Council's Meeting Procedures 2079, National Determined Contribution Implementation Plan, Climate Finance Strategy and Action Plan and Nepal's concept paper related to COP-27. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15967', 'image' => '20221101042254_PM deubaa.jpg', 'article_date' => '2022-11-01 16:21:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16225', 'article_category_id' => '1', 'title' => ''Businesses Environment Affected by bad Loans' ', 'sub_title' => '', 'summary' => 'November 1: Two years ago, Nepal Rice, Oil and Pulses Industry Association had requested the government to introduce a law on debt recovery.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 1: Two years ago, Nepal Rice, Oil and Pulses Industry Association had requested the government to introduce a law on debt recovery. The association had decided to demand for such law during its 43rd general assembly, urging the government not to allow credit transactions for more than a month.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">A few months ago, the Birgunj Chamber of Commerce and Industry also strongly raised this demand in its 46th general assembly. The president of the association, Subodh Kumar Gupta, in the presence of the finance minister drew the minister's attention to the fact that the market had shrunk after the onset of Covid-19 and had been further threatened by credit transactions. He also demanded to bring effective laws to protect the economy from accidents.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The businessmen have also been demanding stern laws related to loan recovery. Till date, the government has not taken effective steps in this regard.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Ganesh Prasad Lath, president of the Madhes Chapter of the Federation of Nepalese Chamber of Commerce and Industry, has accused the government of being indifferent to solving the problem of credit transaction. The private sector does not fail to give this suggestion to the government every year in the pre-budget discussions. However, Lath complains that the budget has not addressed the demand yet.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Nepal is also not untouched by the global recession in the aftermath of the coronavirus pandemic. Private sector leaders say that its impact is even greater in an import-oriented economy like ours. The import control policy adopted by the government to reduce the pressure on the foreign exchange reserves and the lack of investable funds in the financial sector has led to a decline in production and supply.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Gupta said that while the average production of industries has fallen to 20 to 25 per cent of the total capacity, there is competition in the market to acquire loan. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“There is no demand in the market. Production has decreased. In such a situation, there is a competition on who will give more credits,'' said Gupta.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to entrepreneurs, the lending period has almost doubled in the post-pandemic era. Navneet Agarwal, a businessman, shared that pre-coronavirus payments used to come within three months, but now they have stopped coming even after six months. In the past, it was a situation of getting paid in one to one and a half months after selling the goods. </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><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><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><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' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15966', 'image' => '20221101015645_badloan.jpg', 'article_date' => '2022-11-01 13:56:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16224', 'article_category_id' => '1', 'title' => 'CAAN Tells Airlines Companies to Operate Int’l Chartered Flights from GBIA ', 'sub_title' => '', 'summary' => 'November 1: The Civil Aviation Authority of Nepal (CAAN) has decided to conduct international chartered flights from the newly-constructed Gautam Buddha International Airport (GBIA) in Bhairahawa.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 1: The Civil Aviation Authority of Nepal (CAAN) has decided to conduct international chartered flights from the newly-constructed Gautam Buddha International Airport (GBIA) in Bhairahawa. Until now, all international chartered flights are operated through Kathmandu-based Tribhuvan International Airport (TIA). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The autonomous civil aviation regulator of the country resorted to the move to bring the GBIA into full operation, said CAAN Director General Pradip Adhikari. The airport officially came into operation on May 16 this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, one international flight out of every three flights at the TIA will have to be operated at the GBIA, according to a winter flight schedule that came into operation from October 30. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CAAN earlier directed three international airlines along with the Nepal Airlines Corporation, the national flag carrier of Nepal, and the Himalaya Airlines to operate a flight a day each at the GBIA. At present, only Jazeera Airways is running three flights a week at the GBIA. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15965', 'image' => '20221101012840_GBIAAA.jpg', 'article_date' => '2022-11-01 13:28:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16223', 'article_category_id' => '1', 'title' => '161 Climbers Including 77 Foreigners climb Mt Manaslu this Spring ', 'sub_title' => '', 'summary' => 'November 1: A total of 161 climbers have so far succeeded in climbing Mt Manslu in this spring season. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 1: A total of 161 climbers have so far succeeded in climbing Mt Manslu in this spring season. According to the Department of Tourism, 77 foreigners and 84 Nepal reached the top of Manaslu (8,163 meter) this spring. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department's Mountaineering Section's officer Bigyan Koirala said this time 407 foreigners acquired permission to scale the mountain, but only 77 made it. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They were accompanied by Nepali Sherpa guides to the peak. Now the expedition to the Mount Manaslu has been completed while it continues in other peaks. The number of Manaslu climbers this time is relatively less than the previous years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The area above the Manaslu base camp witnessed an avalanche just prior to the commencement of Manaslu expedition this season, killing one and leaving some others injured. The incident occurred on September 26. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The mountain based in Chumanubri rural municipality in north Gorkha remains as the world's eighth highest peak and it lies along the Manasiri mountain range. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15964', 'image' => '20221101102053_manaslu.jpg', 'article_date' => '2022-11-01 10:20:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16222', 'article_category_id' => '1', 'title' => 'World Bank Estimates 5.8 Percent Growth in 2022 ', 'sub_title' => '', 'summary' => 'Novermber 1: The World Bank has projected Nepal's economic growth rate to reach 5.8 per cent in 2022. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Novermber </span>1: <span style="font-family:"Arial Unicode MS","sans-serif"">The World Bank has projected Nepal's economic growth rate to reach 5.8 per cent in 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Releasing the October 2022 edition of the Nepal's Development Update on Monday, the World Bank estimated that Nepal's Gross Domestic Product (GDP) would increase by 5.8 per cent in 2022. Meanwhile, the report has projected Nepal's GDP to increase by 5.1 per cent in 2023 and by 4.1 per cent in 2024. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, unveiling the report 'Countering the Cast of Living Crisis', the International Monetary Fund had estimated that Nepal's economic growth rate would increase by 4.1 per cent in 2022. The World Bank projection is in stark contract with the government’s target of achieving 8 per cent economic growth in the current fiscal year (FY 2022/23). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the World Bank has estimated the inflation rate of 6.3 per cent in 2022 as well as 5.5 per cent price hike in 2023 and 5.3 per cent in 2024. The government, in the budget for the current fiscal year has set a target to limit price hike within seven percent. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In 2022, the World Bank has projected export of goods and services to increase by 35 per cent and import by 15 per cent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the World Bank, growth rate of industrial sector will increase by 10.2 percentage points while the growth of service sector will rise by 5.9 percentage points and that of agricultural sector by 2.3 percentage points in the year 2022. </span><br /> <br /> </span></span></p> ', 'published' => true, 'created' => '2022-11-01', 'modified' => '2022-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '15963', 'image' => '20221101101708_World.jpg', 'article_date' => '2022-11-01 10:16:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16221', 'article_category_id' => '1', 'title' => 'Arrival of Tourists Increasing in Kanchenjunga Area ', 'sub_title' => '', 'summary' => 'October 31: Domestic and foreign tourists have started arriving in Kanchenjunga region, the home to the third highest peak in the world. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: Domestic and foreign tourists have started arriving in Kanchenjunga region, the home to the third highest peak in the world. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As a result, tourism entrepreneurs are excited with the arrival of tourists in the Kanchenjunga area, which has been deserted for a long time. Tourism business is the main source of income for the communities in the high mountain settlements such as Kapla, Phale, Ghunsa, Khabajen and Lonak in Phattanglung Rural Municipality-6 of Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Hotel owner Pema Sherpa had thought of changing his profession after arrival of tourists dropped to zero due to COVID-19. But his thoughts have now changed with signs of revival of tourism in the area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Kanchenjunga Conservation Area Management Council, 52 hotels are operating in the trekking route leading to the base camp of Mount Kanchenjunga. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Programme assistant coordinator at the council office, Jiten Chemjong, said that four hotels built with an investment of more than Rs 10 million are operating at an altitude of 3,500 meters to 4,500 meters above the sea level. The hotels which had been closed for a long time due to coronavirus pandemic are now full of guests. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Two paths are used to reach the base camp of Mt Kanchenjunga. Mostly, tourists reach the base camp of Kanchenjunga through Sirijunga Rural Municipality of Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tourism assistant at Management Council's Yamphudin office, Suryaman Rai said along with foreigners domestic tourists are also arriving to see the Mt Kanchenjunga region through the south route. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the fiscal year 2078/79, a total of 359 tourists had entered the Kanchenjunga conservation area of Taplejung. Chief Conservation Officer Ramesh Kumar Yadav said that 222 foreigners, 63 from SAARC countries and 74 domestic tourists have entered the conservation area to observe the natural, religious, historical and tourist sites. In the previous year 2077/78, only 63 tourists had arrived in the region. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-10-31', 'modified' => '2022-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '15962', 'image' => '20221031025456_Things-to-Know-About-Kanchenjunga-Trek.jpg', 'article_date' => '2022-10-31 14:53:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16220', 'article_category_id' => '1', 'title' => 'Nepal yet to Become Self-Sufficient in Fruit Production ', 'sub_title' => '', 'summary' => 'October 31: According to government data, 1.2 million tons of fruits are produced annually in Nepal. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">October 31: According to government data, 1.2 million tons of fruits are produced annually in Nepal. The data provided by the National Fruit Development Center shows that 1.2 million tons of fruits were produced in 1.19 thousand hectares of productive land in different parts of Nepal in the fiscal year 2020/2021.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The data prepared by the center takes into account the main fruits produced in Nepal including apple, pear, orange, banana, mango, and papaya. According to the data, the fruits produced in the review year was the most in the last 11 years. Similarly, the lowest production was in the year 2010/11, with just 794,000 tons of fruit produced in 79,000 hectares of productive land. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Even though productivity is improving every year, Nepal has not yet become self-sufficient in fruits. In the year 2018/19, the productivity per hectare was 9.73 tons. This situation is improving and in the year 2021/22, the productivity per hectare has reached 10.50 per cent. In the same year, Nepal imported 280,000 tons of fruits. According to the data of the center, 372 tons of fruits were exported in the year 2020/2021.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the center's study, fruit cultivation is done in 4.79 per cent of the 3.391 thousand hectares of arable land in Nepal. Similarly, out of about 23 per cent contribution of the agriculture sector to Nepal's gross domestic product, 7.04 per cent is from fruit production.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The government has declared the period between 2016/17 to 2025/26 as the Fruit Decade in order to make the country self-sufficient in major fruits within this period by expanding the fruit business and promoting exports.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although various programs have been launched to make the fruit decade successful, large quantities of fruits are being imported every year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Yam Kumari Shrestha, information officer of the center, due to the lack of quality seeds, trained and skilled technicians and suitable markets and prices, fruit farmers have not been able to become self-sufficient in fruit production.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Amar Baniyan, president of Nepal Fruit Wholesale Business Association Kathmandu, informed that apples worth Rs 30 million and bananas worth Rs 40 million were imported from India and China only for the Tihar festival. Similarly, oranges worth Rs 50 million and coconuts worth Rs 20 million have been imported, he said.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Shrestha, fruits of different types worth Rs 72 million were imported into the fruit market of Kuleshwar for Tihar alone. Experts say that in some cases, the market price of foreign fruits is higher than that of domestic ones, so Nepali producers have become discouraged.</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><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><strong> </strong></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><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> <p> </p> ', 'published' => true, 'created' => '2022-10-31', 'modified' => '2022-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '15961', 'image' => '20221031024751_fruit.jpg', 'article_date' => '2022-10-31 14:46:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16219', 'article_category_id' => '1', 'title' => 'NAC Trades Barbs with CAAN for Last-Minute Flight Cancellation', 'sub_title' => '', 'summary' => 'October 31: Last-minute cancellation of a Nepal Airlines Corporation (NAC) flight to New Delhi on Sunday afternoon left 2544 passengers stranded. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">October 31: Last-minute cancellation of a Nepal Airlines Corporation (NAC) flight to New Delhi on Sunday afternoon left 2544 passengers stranded. Some of the passengers were sent to New Delhi through other airlines while the flag carrier of Nepal promised to send the remaining passengers to their destination on Monday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal Airlines and the Civil Aviation Authority of Nepal, the regulatory body, have been blaming each other for the flight cancellation. CAAN has accused NAC of making attempts to fly the aircraft without any approval for the flight schedule. The airliner has defended the move saying that it has already presented the flight schedule to the CAAN and has been trying to get it approved. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">CAAN has implemented the winter schedule effective from Sunday, October 30. As per this schedule, CAAN had asked airline companies to submit their flight schedules between October 30 to upcoming March. Accordingly, NAC submitted its flight schedule to CAAN, insists NAC Spokesperson Archana Khadka.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">However, it has been learnt that CAAN delayed approval of the flight schedule with the intention of pressing the airline companies to conduct flights from Bhairahawa-based Gautam Buddha International Airport as well.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NAC was confident that CAAN would approve the flight schedule and didn’t issue any notice to the passengers. The state-owned airline company also issued boarding passes to the passengers who were ready to board the aircraft. However, CAAN cancelled the flight in the last minute saying that the flight schedule hasn’t been approved.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NAC said that it is ready to conduct flights from GBIA as per the wish of CAAN but said it would take at least two months for technical management to operate the flights from the new airport.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Taking this as a disobedience, CAAN had disapproved four flights of NAC to New Delhi. NAC has been conducting 14 flights a week to New Delhi, including two flights a day. However, NAC has been allowed to conduct only 10 flights a week to New Delhi this winter.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Tribhuvan International Airport’s Spokesperson Teknath Sitaula confirmed that 245 passengers of NAC were issued boarding passes but the flight was cancelled as the flight schedule was not approved by CAAN. Sitaula said that NAC should have informed the passengers about the flight schedule but did not do so. Instead, the airline company called the passengers to board the flight even though the schedule was not approved, said Sitaula.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">NAC Spokesperson Khadka said that they tried to get the flight schedule approved until the last minute but failed to do so. She said that the tickets for the New Delhi flight was sold beforehand and therefore the airline company was confident that CAAN would approve the flight schedule.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“We haven’t left the passengers stranded. We will send them to their destination by any means,” said Khadka.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-10-31', 'modified' => '2022-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '15960', 'image' => '20221031011343_1667187471.उडान रद्द हुँदा नयाँ दिल्ली जान लागेका २५४ यात्रु अलपत्र.jpg', 'article_date' => '2022-10-31 13:13:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, '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
