September 18: The government has made it mandatory for Nepali workers to undergo training before travelling to the European countries as domestic…
September 18: The government has made it mandatory for Nepali workers to undergo training before travelling to the European countries as domestic…
September 18: The government has opened advance ticket bookings for those who wish to leave the major cities for their hometown for the upcoming Dasain, Tihar and Chhath…
September 16: The Election Commission has directed the National Land Commission to immediately stop the distribution of land ownership…
September 16: Nepal Telecom has announced the distribution of e-SIM to its customers starting from September…
September 16: The Kathmandu Metropolitan City has announced a ban on consumption of tobacco products in public places within the…
September 16: Banks and financial institutions are preparing to increase the interest rate on deposits from mid-September.…
September 16: Government authorities have been claiming that the economy is heading in the right track but the data suggest otherwise.…
September 16: China has started sending goods through the Rasuwagadhi border point in the north, which was closed on the pretext of Covid-19…
September 16: Online shopping platform Daraz has announced Dashain Dhamaka…
September 16: SCT debit card users of Global IME Bank will get 33.33 percent cash back during this festive…
September 16: The promoter of the 1061-megawatt Upper Arun Hydropower Project has signed an agreement with banks and financial institutions to secure investment for the game-changer…
September 16: Nepal has become self-sufficient in plywood production, the state-owned national news agency RSS reported.…
September 16: The World Bank Group’s Country Climate and Development Report for Nepal underscores the urgency of building resilience to climate change and recommends policies and investments for integrated climate and development solutions for green, resilient, and inclusive…
September 15: Ncell Axiata, a leading private sector mobile service provider company of Nepal, has announced its Dashain scheme.…
September 15: Chitwan National Park is preparing to mark its golden jubilee on September 20.…
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]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' => '16019', 'article_category_id' => '1', 'title' => 'Mandatory Training for Domestic Workers going to European Countries ', 'sub_title' => '', 'summary' => 'September 18: The government has made it mandatory for Nepali workers to undergo training before travelling to the European countries as domestic help. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 18: The government has made it mandatory for Nepali workers to undergo training before travelling to the European countries as domestic help. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Department of Foreign Employment has made ‘orientation training’ mandatory for such workers after it was found that some manpower companies were sending workers to Cyprus, Romania among other countries without giving them proper orientation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Guidelines on Sending Domestic Workers in Foreign Employment, 2072 has provisions requiring that the workers to be sent for this purpose should be given at least 30 days' training before going abroad for employment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department has also directed the listed manpower companies to make arrangements for sending the workers for foreign employment only after compulsorily providing them the training in accordance with the Work Procedures on Domestic Workers Orientation Training, 2070. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-18', 'modified' => '2022-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '15760', 'image' => '20220918121602_foreign emp.jpg', 'article_date' => '2022-09-18 12:15:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16018', 'article_category_id' => '1', 'title' => 'Advance Ticket Bookings Open for Dashain', 'sub_title' => '', 'summary' => 'September 18: The government has opened advance ticket bookings for those who wish to leave the major cities for their hometown for the upcoming Dasain, Tihar and Chhath festivals. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 18: The government has opened advance ticket bookings for those who wish to leave the major cities for their hometown for the upcoming Dasain, Tihar and Chhath festivals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Arrangements have been made for advance passenger bus ticket booking for those who are in the capital from different parts of the country for study, business and employment in order to facilitate them return home to celebrate the festivals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A significantly large number of people will leave the Kathmandu valley ahead of Dashain leading to an exodus of passengers. Hence, the advance booking of tickets has been opened almost two weeks before the festivals start. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Department of Transport Management in collaboration with transport traders, traffic police and concerned agencies has opened the advance ticket booking from Saturday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President of the National Confederation of Nepal Transport Entrepreneurs, Bijay Bahadur Swar, said that advance ticket booking has been opened for long and medium distance routes. People can book their tickets in advance from New Bus Park, Chabahil, Gaushala, Koteshwar, Sundhara and Kalanki. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, advance ticket booking has been opened for places like Dhangadhi, Tikapur, Bajhang, Bajura, Salyan, Rukum, Pyuthan, Rolpa in the west and Taplejung, Ilam, Kakadvitta, Udayapur and other places in the east. The transport entrepreneurs have also requested the relevant agencies to facilitate the operation of transport by maintaining good condition of the major roads networks of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lotse Multi-Purpose Pvt. Ltd., which operates the new bus park in Gongobu, has added ticket booking counters in collaboration with the transport operators. Head of human resources department of the company, Pankaj Malla, said that bus ticket counters have been increased in comparision to normal time to provide tickets to the passengers going home for Dashain in a systematic manner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the Kathmandu Valley Traffic Police Office and Traffic Management Department are going to set up passenger help desks at 14 different locations of the capital targeting the passengers leaving the capital for their home town. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson of the office, Senior Superintendent of Police Rajendra Prasad Bhatta said that the passenger help desk will work to ensure that the passengers are not charged higher than the specified fare along with coordination required for the passengers to reach their destination without any hassles. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-18', 'modified' => '2022-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '15759', 'image' => '20220918114559_Transport.jpg', 'article_date' => '2022-09-18 11:45:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16017', 'article_category_id' => '1', 'title' => 'EC Directs Land Commission not to Distribute Land Ownership Certificates ', 'sub_title' => '', 'summary' => 'September 16: The Election Commission has directed the National Land Commission to immediately stop the distribution of land ownership certificates.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: The Election Commission has directed the National Land Commission to immediately stop the distribution of land ownership certificates. Likewise, all the three tiers of governments have been instructed not to allow any foreign visits once the election code of conduct comes into effect. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The EC issued such directive in view of the preparation intensified for the upcoming elections to the provincial assemblies and the federal parliament. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Land Commission has been further directed to provide every information on distribution of land ownership certificates and land mapping within the September 17. The EC said it is for maintaining fairness and credibility of election. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15758', 'image' => '20220916024319_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-09-16 14:42:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16016', 'article_category_id' => '1', 'title' => 'Nepal Telecom Starts Distributing Free e-SIM ', 'sub_title' => '', 'summary' => 'September 16: Nepal Telecom has announced the distribution of e-SIM to its customers starting from September 15.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: Nepal Telecom has announced the distribution of e-SIM to its customers starting from September 15. The state-owned telecom company has decided to distribute free e-SIM from its counter in Sundhara, Kathmandu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Postpaid and prepaid customers of the company who are currently using SIM cards can change such physical cards into e-SIMs for free, said NT spokesperson Shovan Adhikari. Customers will however need a mobile set that supports e-SIM. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Existing customers of Nepal Telecom who have mobile sets that support e-SIM will have to fill and submit the required form to get the e-SIM. Apart from mobile sets, e-SIM can be used in other wearable devices like smart watches. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15757', 'image' => '20220916024225_Nepal-Telecom-Ntc-eSIM.jpg', 'article_date' => '2022-09-16 14:41:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16015', 'article_category_id' => '1', 'title' => 'KMC to Ban Consumption of Tobacco Products in Public Places ', 'sub_title' => '', 'summary' => 'September 16: The Kathmandu Metropolitan City has announced a ban on consumption of tobacco products in public places within the city.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: The Kathmandu Metropolitan City has announced a ban on consumption of tobacco products in public places within the city. The new policy will come into effect from Saturday, September 17. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a notice issued by the KMC, the 11th session of the municipal assembly of the metropolis passed the policy to effectively implement the provision on the ban on consumption of tobacco products in public places. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The banned tobacco products include cigarettes, cigars, chewing tobacco and gutkas among others. Those flouting the rule will be booked as per the Tobacco Products (Control and Regulatory) Act, 2068, according to the KMC director and information officer, Basanta Acharya. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15756', 'image' => '20220916024054_tobacco.jpg', 'article_date' => '2022-09-16 14:40:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16014', 'article_category_id' => '1', 'title' => 'Banks Preparing to Increase Interest on Deposits after Six Months', 'sub_title' => '', 'summary' => 'September 16: Banks and financial institutions are preparing to increase the interest rate on deposits from mid-September. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 16: Banks and financial institutions are preparing to increase the interest rate on deposits from mid-September. The commercial banks, which maintained a constant interest rate since the beginning of the year, have decided to increase it from September 17 as per the gentlemen’s agreement among the members of Nepal Bankers Association.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Since mid-March, commercial banks have been implementing a gentlemen’s agreement to give a maximum interest rate of 11.03 percent for individuals and 10.03 percent for organization on 1-year term deposits. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">However, a meeting of the association on Thursday decided not to give continuity to the agreement. This has enabled the banks to set the interest after mid-September as per the instructions of NRB.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The fluctuation in interest rates of commercial banks impacts development banks, financial institutions and cooperatives as well.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NRB issued an instruction last November allowing banks to change the interest rate by 10 percent compared to the previous month.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">At the beginning of the last fiscal year, banks that were aggressive in deposit collection due to lack of liquidity. So, NRB intervened when there was an unhealthy competition among banks to attract deposits by raising interest rates.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">After the instructions of NRB, the banks have been keeping the interest rate stable through mutual agreement. According to the instructions of NRB, despite a 10 percent increase in March, the banks implemented a gentlemen’s agreement to not increase interest rates in April, May, June, July, and August.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NRB had encouraged the banks to increase the interest rate by increasing the bank rate according to the monetary policy of the current fiscal year. As per the monetary policy, NRB amended the Unified Directive 2078 in the third week of July and allowed the banks to change the interest rate immediately if there is a change in the bank rate and the policy rate. As NRB increased the policy rates, the path for the banks to increase the interest rates immediately was cleared. However, they did not increase the interest in July and also agreed to maintain a stable interest rate till mid-September.</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' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15755', 'image' => '20220916023956_Banks.jpg', 'article_date' => '2022-09-16 14:39:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16013', 'article_category_id' => '1', 'title' => 'External Sector Still Under Pressure: NRB Report', 'sub_title' => '', 'summary' => 'September 16: Government authorities have been claiming that the economy is heading in the right track but the data suggest otherwise. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 16: Government authorities have been claiming that the economy is heading in the right track but the data suggest otherwise. A report published by the Nepal Rastra Bank (NRB) on Thursday suggests that the pressure on external sector is still prevalent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report of the first month of the current fiscal year published by the central bank on Thursday clearly shows that the indicators such as the Balance of Payments (BoP), inflation, foreign exchange reserves, remittance inflow are not positive. NRB officials say that the pressure on economy since the beginning of the last fiscal year is still on.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">NRB Spokesperson Dr Gunakar Bhatta says that the pressure on external sector of the economy is still there and therefore all stakeholders need to remain alert. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Inflation and Balance of Payments shows that the economy is still under pressure,” said Bhatta,, adding, “We are yet to feel a sigh of relief. We still need to remain alert.”</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">High Inflation</span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the central bank, inflation in the first month (mid-July to mid-August) of the current fiscal year stood above the limit projected by the NRB. The report states that the year-on-year consumer price inflation stood at 8.26 percent in the first month of FY 2022/23 compared to 4.35 percent a year ago. Food and beverage inflation stood at 7.11 percent whereas non-food and service inflation stood at 9.18 percent in the review month. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the food and beverage category, the prices of ghee and oil, fruits, restaurant and hotel, alcoholic drinks and milk products and eggs sub-categories rose by 19.58 percent, 18.79 percent, 11.84 percent, 10.24 and 10.19 percent respectively on y-o-y basis. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, under the non-food and services category, the prices of transportation, health, furnishing and household equipment, education and housing and utilities sub-categories rose by 23.88 percent, 10.54 percent, 9.04 percent, 8.11 percent and 7.86 percent respectively on y-o-y basis.</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Current Account and Balance of Payments </span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The current account remained at a deficit of Rs 16.26 billion in the review period compared to a deficit of Rs 47.29 billion in the same period of the previous year. In the US Dollar terms, the current account registered a deficit of 127.68 million in the review period compared to deficit of 397.36 million in the same period last year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the review period, capital transfer increased 17.7 percent to Rs 800.34 million and net foreign direct investment (FDI) remained a negative of Rs 1.40 billion. In the same period of the previous year, capital transfer and net FDI amounted to Rs 679.72 million and Rs 480.57 million respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Balance of Payments (BOP) remained at a deficit of Rs 22.63 billion in the review period compared to a deficit of Rs 38.75 billion in the same period of the previous year. In the US Dollar terms, the BOP remained at a deficit of 177.68 million in the review period compared to a deficit of 325.53 million in the same period of the previous year.</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Foreign Exchange Reserves </span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Gross foreign exchange reserves decreased 1.5 percent to Rs 1197.85 billion in mid-August 2022 from Rs 1215.80 billion in mid-July 2022. Of the total foreign exchange reserves, reserves held by NRB decreased 0.7 percent to Rs 1049.11 billion in mid-August 2022 from Rs 1056.39 billion in mid-July 2022. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Reserves held by banks and financial institutions (except NRB) decreased 6.7 percent to Rs 148.74 billion in mid-August 2022 from Rs 159.41 billion in mid-July 2022. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The share of Indian currency in total reserves stood at 22.9 percent in mid-August 2022. </span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Foreign Exchange Adequacy Indicators </span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Based on the imports of first month of FY 2022/23, the foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 9.4 months, and merchandise and services imports of 8.0 months. The ratio of reserves-to-GDP, reserves-to-imports and reserves-to-M2 stood at 24.7 percent, 66.8 percent and 22.2 percent respectively in mid-August 2022. Such ratios were 25.1 percent, 57.8 percent and 22.1 percent respectively in mid-July 2022.</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Trade Deficit</span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The total trade deficit of the country decreased 10.4 percent to Rs 116.48 billion in the first month of 2022/23. Such a deficit had increased 70.6 percent in the corresponding period of the previous year. The export-import ratio decreased to 11.3 percent in the review period from 13.8 percent in the corresponding period of the previous year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the first month of FY 2022/23, merchandise exports decreased 28.7 percent to Rs 14.81 billion against an increase of 115.9 percent in the same period of the previous year. Destination-wise, exports to India and China decreased 36.5 percent and 24.4 percent respectively whereas exports to other countries increased 5.7 percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Exports of palm oil, zinc sheet, readymade garments, medicine (ayurvedic), particle board, among others, increased whereas exports of soybean oil, oil cakes, jute goods, juice, cardamom, among others, decreased in the review period. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the first month of FY 2022/23, merchandise imports decreased 12.9 percent to Rs 131.29 billion against an increase of 75.7 percent a year ago. Destination-wise, imports from India, China and other countries decreased 12.1 percent, 10.5 percent, and 15.9 percent respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Imports of petroleum products, sponge iron, medicine, chemical fertilizer, crude palm oil, among others, increased whereas imports of transport equipment and parts, MS billet, telecommunication equipment and parts, crude soybean oil, hot rolled sheet in coil, among others, decreased in the review period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> Based on customs points, exports from Krishnanagar, Kailali, Mechi and Tribhuwan Airport Customs Offices increased whereas exports from all the other major customs points decreased in the review period. On the import side, imports from Tatopani, Jaleshwor, Dry Port, Kailali and Rasuwa Customs Offices increased whereas imports from all the other major customs points decreased in the review period.</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Remittances </span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Inflow of remittance increased by 20.3 percent to Rs 92.21 billion in the review period against a decrease of 17.4 percent in the same period of the previous year. The number of Nepali workers (institutional and individual) taking approval for foreign employment increased 222.8 percent to 44,540 in the review period. The number of Nepali workers (renew entry) taking approval for foreign employment increased 75.4 percent to 20,390 in the review period. It had increased 286.1 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Net transfer increased 18.4 percent to Rs 101.69 billion in the review period. Such a transfer had decreased 15.7 percent in the same period of the previous year. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15754', 'image' => '20220916023849_1663281683.Clipboard13.jpg', 'article_date' => '2022-09-16 14:37:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16012', 'article_category_id' => '1', 'title' => 'China Reopens Rasuwagadhi Trade Point', 'sub_title' => '', 'summary' => 'September 16: China has started sending goods through the Rasuwagadhi border point in the north, which was closed on the pretext of Covid-19 infection.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 16: China has started sending goods through the Rasuwagadhi border point in the north, which was closed on the pretext of Covid-19 infection. Likewise, there has been no improvement in the arrival of goods from Tatopani, another major trade point in the north.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Containers laden with Chinese goods started arriving from Rasuwagadhi a day after Chinese People's Congress Standing Committee Chairman Li Zhangsu promised to open the border immediately during his four-day official visit to Nepal from September 12 to 15. During a courtesy meeting with President Bidya Devi Bhandari on Wednesday, Li had said that the checkpoint will be opened immediately.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He informed that he had spoken to the Chinese officials who oversee the trade sector about the closure of the border and that the message had reached President Xi Jinping.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Rasuwagadhi crossing was closed on July 21. China has closed the border because of the rise in coronavirus cases in Tibet.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the local traders, around 400 containers of imported goods were stopped across the border in Tibet due to the closure of the border.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the Nepal Trans Himalayan Border Commerce Association, after China closed the border, the containers were stopped at Kerung across Rasuwagadhi and Khasa across Tatopani. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Kumar Karki, president of the Nepal National Business Federation, said that the traders had been bearing huge losses due to their goods being stuck across the border.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The goods started arriving from the Rasuwagadhi at 9 am on Thursday. According to the Chief District Officer of Rasuwa, Navraj Jaisi, seven large Chinese containers came to Nepal carrying goods in the morning in the first phase.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Before the Chinese cargo container entered Nepal from the Friendshihp Bridge, the security personnel working in the border area sprayed disinfectants on the path of the container. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the traders, materials worth about Rs 2.5 billion brought from China for Dashain were stuck in Kerung.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Concerned officials say that it is difficult to say whether the Tatopani checkpoint is open or not. According to Narad Gautam, head of Tatopani dry port customs office, limited number of cargo containers came to Nepal from this point on Thursday just like in previous days.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15753', 'image' => '20220916020003_Rasuwagadhi border point.jpg', 'article_date' => '2022-09-16 13:59:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16011', 'article_category_id' => '266', 'title' => 'Daraz Announces Dashain Dhamaka', 'sub_title' => '', 'summary' => 'September 16: Online shopping platform Daraz has announced Dashain Dhamaka campaign.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">September 16: Online shopping platform Daraz has announced Dashain Dhamaka campaign. Daraz announced this campaign within a few days of organizing its first mega event 'Daraj Mahotsav'. The company informed that the campaign started from Wednesday. The company claims that the campaign will be bigger than last year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The campaign features mega deal up to 70 percent, free shopping and discount up to Rs 2500. Similarly, the company said that customers have a chance to win mega vouchers worth up to Rs 10,000 and an NIU NQI electric scooter as a bumper gift.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Customers will get 15 percent or Rs 2000 discount when they buy goods through Daraz and pay through debit card. Similarly, the company says customers will get a discount of 20 percent, up to Rs 2,500 when paying through a credit card.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Customers of Nabil Bank, NIC Asia Bank, Sanima Bank, NMB Bank, Everest Bank, Nepal SBI Bank, Nepal Bank, NCC Bank, Sangrila Development Bank and Jyoti Bikas Bank will get discount while paying through card.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15752', 'image' => '20220916013944_daraz.jpg', 'article_date' => '2022-09-16 13:39:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16010', 'article_category_id' => '266', 'title' => 'Global IME Announces Cash Back Offer for Dashain', 'sub_title' => '', 'summary' => 'September 16: SCT debit card users of Global IME Bank will get 33.33 percent cash back during this festive season.', 'content' => '<p><span style="font-size:11.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: </span></span><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">SCT debit card users of Global IME Bank will get 33.33 percent cash back during this festive season. The bank, in collaboration with Smart Choice Technologies, has launched the “Damdar Dashain Dhamaka 3-D Offer” targeting the customers who own SCT and UPI cards for Dashain.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The bank claims that this scheme is the biggest cash back offer so far. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">A statement issued by the bank reads, “SCT debit card-holder customers who make payments at any point of sale terminals, will get cash back of 33.33 percent or Rs 1000 (maximum).”</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">As per the bank, in this scheme which will run from September 17, the cardholders who do at least three POS transactions will receive Rs 500 and cardholders who do at least 6 POS transactions will be receive Rs 1,000 cash back. To get cash back, every transaction payment amount must be at least Rs 500, in which only one transaction per day will be counted.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15751', 'image' => '20220916012648_image-12.jpg', 'article_date' => '2022-09-16 13:25:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16009', 'article_category_id' => '1', 'title' => 'Funds being Secured for Upper Arun Hydropower Project ', 'sub_title' => '', 'summary' => 'September 16: The promoter of the 1061-megawatt Upper Arun Hydropower Project has signed an agreement with banks and financial institutions to secure investment for the game-changer project.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: The promoter of the 1061-megawatt Upper Arun Hydropower Project has signed an agreement with banks and financial institutions to secure investment for the game-changer project.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to Hydroelectricity Investment and Development Company Limited (HIDCL), the promoter company of the project, BFI have agreed to invest Rs 53.14 billion in the Upper Arun Hydropower Project. The total estimated cost of the project is around Rs 214.86 billion. That means one-fourth of the investment will be done by the banks and institutions of Nepal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The project will be developed with investment from the World Bank, commercial banks of Nepal, Rastriya Banijya Bank, and the Citizens Investment Trust. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A financing agreement was signed between Chief Executive Officer of Nepal Electricity Authority, Kulman Ghising, and the CEO of HIDCL, Arjun Kumar Gautam, Upper Arun Hydropower Project’s Fanindra Joshi and representatives of Nepal Bank, Nepal Banijya Bank and Citizens Investment Trust on Thursday. </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"">Speaking at the signing ceremony, Energy Minister Pampha Bhusal expressed happiness over the participation of the people of Nepal for the development of hydropower projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The project with a total capacity of 1061 MW will have 70 percent of the total cost met through loan investment and 30 percent will be equity capital. Preparations are being made to acquire loans of Rs 97 billion from the World Bank, European Investment Bank and other international financial institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is a semi-reservoir project based in Bhotkhola Rural Municipality of Sankhuwasabha district. The project will produce 4,512 gigawatt hours of electricity per year of which 30 percent will be produced during the dry season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The goal is to start construction at the end of 2024 and complete it by 2030. At present, the feasibility study of the project has been completed and the work of selecting a consultant for the bid design and construction supervision work is underway, said NEA CEO Ghising. (With inputs from RSS)</span></span></span></p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15750', 'image' => '20220916010508_1663308689.Upper Arun Hydropower.jpg', 'article_date' => '2022-09-16 13:04:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16008', 'article_category_id' => '1', 'title' => '‘Nepal becomes Self-Sufficient in Plywood Production’', 'sub_title' => 'Plywood worth Rs 500 Million Exported in Three Months ', 'summary' => 'September 16: Nepal has become self-sufficient in plywood production, the state-owned national news agency RSS reported. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: Nepal has become self-sufficient in plywood production, the state-owned national news agency RSS reported. In addition to that, the country has also started exporting plywood to various countries including neighbouring India, RSS said in a news report published on Friday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the last three months alone, Nepal has exported plywood worth Rs 500 million, Dinesh Chapagain, secretary of Nepal Veneer Producers' Association Jhapa, told RSS. Since the demand for Nepali plywood is high, the country has set a target to export plywood worth Rs 5 billion this year alone. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Chapagain, there are 79 registered plywood industries in Nepal and of them 63 industries are exporting their products abroad. Jhapa has the largest number of plywood industries in the country, which stands at 16. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to RSS, President of Nepal Veneer Producers Association Jhapa, Deepak Pandey said that the state should provide incentives to the plywood industries in the country as the demand for wood-based products is increasing abroad. </span></span></span></p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15749', 'image' => '20220916121009_ply.jpg', 'article_date' => '2022-09-16 12:09:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16007', 'article_category_id' => '1', 'title' => 'Integrating Climate Change into Nepal’s Development Strategy Key to Build Resilience: World Bank', 'sub_title' => 'Nepal’s GDP could Shrink by at Least 7 Percent by 2050 due to Unchecked Climate Impacts', 'summary' => 'September 16: The World Bank Group’s Country Climate and Development Report for Nepal underscores the urgency of building resilience to climate change and recommends policies and investments for integrated climate and development solutions for green, resilient, and inclusive development.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 16: The World Bank Group’s Country Climate and Development Report for Nepal underscores the urgency of building resilience to climate change and recommends policies and investments for integrated climate and development solutions for green, resilient, and inclusive development.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepal’s supply chains, farmers, and urban dwellers are already facing devastating climate impacts such as landslides, droughts, and flooding, warns the new report. Without concerted steps to shore up resilience, future climate hazards will threaten the country’s long-term development, the World Bank said in a statement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the World Bank, climate variability is already a major driver of food insecurity and poverty in Nepal, with increased flooding and heat stress seen in the southern regions, while the north experiences increased landslides, water stress, and glacial lake overflow. The report states that Nepal’s GDP could be at least 7 percent smaller by 2050 due to unchecked climate impacts. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The report suggests Nepal to address its greenhouse gas and air pollution emissions as the country’s economy grows. While the country is a negligible contributor to climate change – producing 0.1 percent of total global greenhouse gas emissions – the country’s emission rate is growing rapidly, added the report. According to the World Bank, Nepal also has one of the highest levels of air pollution in the world, with emissions from transport, biomass burning, and industrial activities significantly impacting health and productivity.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“With increased evidence of more severe climate change impacts, Nepal stands at a critical juncture to embark on a path for recovery and growth that is more sustainable, more inclusive, and more resilient to future shocks,” said World Bank Vice President for South Asia Martin Raiser. “The good news is that the country’s notable successes in community forestry and hydropower investments are a strong foundation for future climate-smart growth.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the World Bank, Nepal has pledged to achieve net zero emissions by 2045 and to significantly scale up hydropower investment in the coming decade. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“In 2021, Nepal adopted the Green, Resilient and Inclusive Development (GRID) approach as a national vision to guide long-term green growth and build resilience to climate and other shocks that are barriers to Nepal’s development ambitions. Under Nepal’s federal structure, the local governments are placed at the center of climate resilience and development efforts with extensive implementation responsibilities and play a crucial role in translating the GRID strategy into action,” reads the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">To help Nepal achieve its development goals while implementing its climate commitments, the report proposes actions on two fronts: building resilience to climate impacts and pursuing public and private investments in low-carbon solutions, notably hydropower and its export. The report also highlights that women, indigenous people, and other marginalized groups are often excluded from mainstream development and suffer from cumulative and cascading impacts of climate change and disasters.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Based on the report’s modeling and analytical work, the World Bank Group recommends four priority transitions which includes taking an integrated approach to water, agriculture, and forests; harnessing the hydropower opportunity; managing sustainable urbanization; and strengthening low-carbon resilient connectivity. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">To support these transitions, the report suggests Nepal to prioritize three key enablers: scale-up all types of finance for resilience and low-carbon development; strengthen household and community resilience through social protection and well-managed built and natural capital; and strengthen governance for climate change and disaster risk management through deeper federalization of responsibilities.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15748', 'image' => '20220916113811_780-Nepal-Unveileing-of-ccdr.jpg', 'article_date' => '2022-09-16 11:37:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16006', 'article_category_id' => '266', 'title' => 'Ncell Announces Dashain Bonus Scheme', 'sub_title' => '', 'summary' => 'September 15: Ncell Axiata, a leading private sector mobile service provider company of Nepal, has announced its Dashain scheme. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 15: Ncell Axiata, a leading private sector mobile service provider company of Nepal, has announced its Dashain scheme. On the occasion of Dashain, the company has unveiled a plan to give bonus on every-day recharge. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the company, customers will get a bonus of up to Rs 40 on recharge of Rs 100 or more. The plan has been implemented since Tuesday and the company informed that the customers will get a bonus of Rs 10 valid for one day on the recharge of Rs 100. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The company informed that if the customer recharges Rs 150 once or several times in a day, they will get a bonus of Rs 20 valid for 3 days. According to the company, the customer will get a bonus of Rs 40 on recharging Rs 200 or more once or several times in a day and the bonus must be spent within 7 days.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-15', 'modified' => '2022-09-15', 'keywords' => '', 'description' => '', 'sortorder' => '15747', 'image' => '20220915044743_Recharge-Offer-e1663059523899.jpg', 'article_date' => '2022-09-15 16:47:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16005', 'article_category_id' => '1', 'title' => 'Chitwan National Park Gears Up to Mark Golden Jubilee', 'sub_title' => 'CNP Plans to Organise Various Programmes throughout the Year', 'summary' => 'September 15: Chitwan National Park is preparing to mark its golden jubilee on September 20. ', '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"">September 15: Chitwan National Park is preparing to mark its golden jubilee on September 20. Next week, the popular national park of Nepal steps on the 50<sup>th</sup> year since its established on September 20, 1973.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The national park is planning to organize various programmes throughout the year to mark its golden jubilee. The inauguration of the golden jubilee celebration will be held at Kasara within the premises of the national park, informed Ganesh Prasad Tiwari, information officer of the park.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The national park will launch a journal on the occasion of the golden jubilee. There are also plans to unveil a golden pillar and organize a programme to display the cultures of Bote, Kumal, Tharu, Gurung, Magar, Tamang, Daire and other ethnic communities that live in the buffer zone of the national park.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Chitwan National Park is spread over an area of 952.63 square kilometers. This park was listed in the UNESCO World Heritage Site in 1984 and is famed for its rich flora and fauna including rhinocero, the Royal Bengal Tiger, bison, sloth bear, leopard, barking deer, spotted deer, sambar deer, monkey, langur, laguna among 60 species of mammals found in this park.</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"">Visitors can also find alligators and crocodiles as well as pythons and around 540 species of resident and migratory birds in this national park.</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"">According to Chief Conservation Officer of the national park Hari Bhadra Acharya, the Sal tree (Shorea Robusta) makes up 70 percent of the forest area of the national park. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Chitwan National Park was listed in the UNESCO World Heritage Site for the role it played in protection of these diverse flora and fauna including some endangered wild animals.</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"">Due to the conservation of endangered animals, the number of Royal Bengal Tiger in the national park has reached 128 while the number of rhinoceros has climbed to 694. None of the rhinos in the national park have been killed in poaching incidents in the last one year.</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"">This national park falls in Bagmati Province, Madhes Province and Gandaki Province. There is one metropolitan city, eight municipalities and three rural municipalities within the national park area. More than 250000 people live in the those local units. Fifty percent of the revenue collected by the national park is spent on conservation of the buffer zone as well as for the education and infrastructure of the people living in the buffer zone.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The National Park Office informed the state-owned RSS that more than Rs 1 billion has been spent on the buffer zone so far. Chairman of the CNP Buffer Zone Management Committee Prakash Dhungana says that the establishment of the buffer zone some two and a half decades ago has helped in reducing the human-wildlife conflict and preservation of the flora and fauna. He said that the people living in buffer zone are facing problems due to the outdated laws and urged the concerned bodies to address this issue by amending the laws.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-15', 'modified' => '2022-09-15', 'keywords' => '', 'description' => '', 'sortorder' => '15746', 'image' => '20220915044159_20220613080155_Chitwan 3.jpg', 'article_date' => '2022-09-15 16:41:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '16019', 'article_category_id' => '1', 'title' => 'Mandatory Training for Domestic Workers going to European Countries ', 'sub_title' => '', 'summary' => 'September 18: The government has made it mandatory for Nepali workers to undergo training before travelling to the European countries as domestic help. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 18: The government has made it mandatory for Nepali workers to undergo training before travelling to the European countries as domestic help. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Department of Foreign Employment has made ‘orientation training’ mandatory for such workers after it was found that some manpower companies were sending workers to Cyprus, Romania among other countries without giving them proper orientation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Guidelines on Sending Domestic Workers in Foreign Employment, 2072 has provisions requiring that the workers to be sent for this purpose should be given at least 30 days' training before going abroad for employment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department has also directed the listed manpower companies to make arrangements for sending the workers for foreign employment only after compulsorily providing them the training in accordance with the Work Procedures on Domestic Workers Orientation Training, 2070. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-18', 'modified' => '2022-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '15760', 'image' => '20220918121602_foreign emp.jpg', 'article_date' => '2022-09-18 12:15:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16018', 'article_category_id' => '1', 'title' => 'Advance Ticket Bookings Open for Dashain', 'sub_title' => '', 'summary' => 'September 18: The government has opened advance ticket bookings for those who wish to leave the major cities for their hometown for the upcoming Dasain, Tihar and Chhath festivals. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 18: The government has opened advance ticket bookings for those who wish to leave the major cities for their hometown for the upcoming Dasain, Tihar and Chhath festivals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Arrangements have been made for advance passenger bus ticket booking for those who are in the capital from different parts of the country for study, business and employment in order to facilitate them return home to celebrate the festivals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A significantly large number of people will leave the Kathmandu valley ahead of Dashain leading to an exodus of passengers. Hence, the advance booking of tickets has been opened almost two weeks before the festivals start. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Department of Transport Management in collaboration with transport traders, traffic police and concerned agencies has opened the advance ticket booking from Saturday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President of the National Confederation of Nepal Transport Entrepreneurs, Bijay Bahadur Swar, said that advance ticket booking has been opened for long and medium distance routes. People can book their tickets in advance from New Bus Park, Chabahil, Gaushala, Koteshwar, Sundhara and Kalanki. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, advance ticket booking has been opened for places like Dhangadhi, Tikapur, Bajhang, Bajura, Salyan, Rukum, Pyuthan, Rolpa in the west and Taplejung, Ilam, Kakadvitta, Udayapur and other places in the east. The transport entrepreneurs have also requested the relevant agencies to facilitate the operation of transport by maintaining good condition of the major roads networks of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lotse Multi-Purpose Pvt. Ltd., which operates the new bus park in Gongobu, has added ticket booking counters in collaboration with the transport operators. Head of human resources department of the company, Pankaj Malla, said that bus ticket counters have been increased in comparision to normal time to provide tickets to the passengers going home for Dashain in a systematic manner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the Kathmandu Valley Traffic Police Office and Traffic Management Department are going to set up passenger help desks at 14 different locations of the capital targeting the passengers leaving the capital for their home town. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson of the office, Senior Superintendent of Police Rajendra Prasad Bhatta said that the passenger help desk will work to ensure that the passengers are not charged higher than the specified fare along with coordination required for the passengers to reach their destination without any hassles. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-18', 'modified' => '2022-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '15759', 'image' => '20220918114559_Transport.jpg', 'article_date' => '2022-09-18 11:45:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16017', 'article_category_id' => '1', 'title' => 'EC Directs Land Commission not to Distribute Land Ownership Certificates ', 'sub_title' => '', 'summary' => 'September 16: The Election Commission has directed the National Land Commission to immediately stop the distribution of land ownership certificates.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: The Election Commission has directed the National Land Commission to immediately stop the distribution of land ownership certificates. Likewise, all the three tiers of governments have been instructed not to allow any foreign visits once the election code of conduct comes into effect. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The EC issued such directive in view of the preparation intensified for the upcoming elections to the provincial assemblies and the federal parliament. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Land Commission has been further directed to provide every information on distribution of land ownership certificates and land mapping within the September 17. The EC said it is for maintaining fairness and credibility of election. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15758', 'image' => '20220916024319_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-09-16 14:42:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16016', 'article_category_id' => '1', 'title' => 'Nepal Telecom Starts Distributing Free e-SIM ', 'sub_title' => '', 'summary' => 'September 16: Nepal Telecom has announced the distribution of e-SIM to its customers starting from September 15.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: Nepal Telecom has announced the distribution of e-SIM to its customers starting from September 15. The state-owned telecom company has decided to distribute free e-SIM from its counter in Sundhara, Kathmandu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Postpaid and prepaid customers of the company who are currently using SIM cards can change such physical cards into e-SIMs for free, said NT spokesperson Shovan Adhikari. Customers will however need a mobile set that supports e-SIM. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Existing customers of Nepal Telecom who have mobile sets that support e-SIM will have to fill and submit the required form to get the e-SIM. Apart from mobile sets, e-SIM can be used in other wearable devices like smart watches. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15757', 'image' => '20220916024225_Nepal-Telecom-Ntc-eSIM.jpg', 'article_date' => '2022-09-16 14:41:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16015', 'article_category_id' => '1', 'title' => 'KMC to Ban Consumption of Tobacco Products in Public Places ', 'sub_title' => '', 'summary' => 'September 16: The Kathmandu Metropolitan City has announced a ban on consumption of tobacco products in public places within the city.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: The Kathmandu Metropolitan City has announced a ban on consumption of tobacco products in public places within the city. The new policy will come into effect from Saturday, September 17. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a notice issued by the KMC, the 11th session of the municipal assembly of the metropolis passed the policy to effectively implement the provision on the ban on consumption of tobacco products in public places. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The banned tobacco products include cigarettes, cigars, chewing tobacco and gutkas among others. Those flouting the rule will be booked as per the Tobacco Products (Control and Regulatory) Act, 2068, according to the KMC director and information officer, Basanta Acharya. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15756', 'image' => '20220916024054_tobacco.jpg', 'article_date' => '2022-09-16 14:40:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16014', 'article_category_id' => '1', 'title' => 'Banks Preparing to Increase Interest on Deposits after Six Months', 'sub_title' => '', 'summary' => 'September 16: Banks and financial institutions are preparing to increase the interest rate on deposits from mid-September. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 16: Banks and financial institutions are preparing to increase the interest rate on deposits from mid-September. The commercial banks, which maintained a constant interest rate since the beginning of the year, have decided to increase it from September 17 as per the gentlemen’s agreement among the members of Nepal Bankers Association.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Since mid-March, commercial banks have been implementing a gentlemen’s agreement to give a maximum interest rate of 11.03 percent for individuals and 10.03 percent for organization on 1-year term deposits. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">However, a meeting of the association on Thursday decided not to give continuity to the agreement. This has enabled the banks to set the interest after mid-September as per the instructions of NRB.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The fluctuation in interest rates of commercial banks impacts development banks, financial institutions and cooperatives as well.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NRB issued an instruction last November allowing banks to change the interest rate by 10 percent compared to the previous month.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">At the beginning of the last fiscal year, banks that were aggressive in deposit collection due to lack of liquidity. So, NRB intervened when there was an unhealthy competition among banks to attract deposits by raising interest rates.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">After the instructions of NRB, the banks have been keeping the interest rate stable through mutual agreement. According to the instructions of NRB, despite a 10 percent increase in March, the banks implemented a gentlemen’s agreement to not increase interest rates in April, May, June, July, and August.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NRB had encouraged the banks to increase the interest rate by increasing the bank rate according to the monetary policy of the current fiscal year. As per the monetary policy, NRB amended the Unified Directive 2078 in the third week of July and allowed the banks to change the interest rate immediately if there is a change in the bank rate and the policy rate. As NRB increased the policy rates, the path for the banks to increase the interest rates immediately was cleared. However, they did not increase the interest in July and also agreed to maintain a stable interest rate till mid-September.</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' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15755', 'image' => '20220916023956_Banks.jpg', 'article_date' => '2022-09-16 14:39:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16013', 'article_category_id' => '1', 'title' => 'External Sector Still Under Pressure: NRB Report', 'sub_title' => '', 'summary' => 'September 16: Government authorities have been claiming that the economy is heading in the right track but the data suggest otherwise. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 16: Government authorities have been claiming that the economy is heading in the right track but the data suggest otherwise. A report published by the Nepal Rastra Bank (NRB) on Thursday suggests that the pressure on external sector is still prevalent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report of the first month of the current fiscal year published by the central bank on Thursday clearly shows that the indicators such as the Balance of Payments (BoP), inflation, foreign exchange reserves, remittance inflow are not positive. NRB officials say that the pressure on economy since the beginning of the last fiscal year is still on.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">NRB Spokesperson Dr Gunakar Bhatta says that the pressure on external sector of the economy is still there and therefore all stakeholders need to remain alert. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Inflation and Balance of Payments shows that the economy is still under pressure,” said Bhatta,, adding, “We are yet to feel a sigh of relief. We still need to remain alert.”</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">High Inflation</span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the central bank, inflation in the first month (mid-July to mid-August) of the current fiscal year stood above the limit projected by the NRB. The report states that the year-on-year consumer price inflation stood at 8.26 percent in the first month of FY 2022/23 compared to 4.35 percent a year ago. Food and beverage inflation stood at 7.11 percent whereas non-food and service inflation stood at 9.18 percent in the review month. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the food and beverage category, the prices of ghee and oil, fruits, restaurant and hotel, alcoholic drinks and milk products and eggs sub-categories rose by 19.58 percent, 18.79 percent, 11.84 percent, 10.24 and 10.19 percent respectively on y-o-y basis. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, under the non-food and services category, the prices of transportation, health, furnishing and household equipment, education and housing and utilities sub-categories rose by 23.88 percent, 10.54 percent, 9.04 percent, 8.11 percent and 7.86 percent respectively on y-o-y basis.</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Current Account and Balance of Payments </span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The current account remained at a deficit of Rs 16.26 billion in the review period compared to a deficit of Rs 47.29 billion in the same period of the previous year. In the US Dollar terms, the current account registered a deficit of 127.68 million in the review period compared to deficit of 397.36 million in the same period last year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the review period, capital transfer increased 17.7 percent to Rs 800.34 million and net foreign direct investment (FDI) remained a negative of Rs 1.40 billion. In the same period of the previous year, capital transfer and net FDI amounted to Rs 679.72 million and Rs 480.57 million respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Balance of Payments (BOP) remained at a deficit of Rs 22.63 billion in the review period compared to a deficit of Rs 38.75 billion in the same period of the previous year. In the US Dollar terms, the BOP remained at a deficit of 177.68 million in the review period compared to a deficit of 325.53 million in the same period of the previous year.</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Foreign Exchange Reserves </span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Gross foreign exchange reserves decreased 1.5 percent to Rs 1197.85 billion in mid-August 2022 from Rs 1215.80 billion in mid-July 2022. Of the total foreign exchange reserves, reserves held by NRB decreased 0.7 percent to Rs 1049.11 billion in mid-August 2022 from Rs 1056.39 billion in mid-July 2022. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Reserves held by banks and financial institutions (except NRB) decreased 6.7 percent to Rs 148.74 billion in mid-August 2022 from Rs 159.41 billion in mid-July 2022. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The share of Indian currency in total reserves stood at 22.9 percent in mid-August 2022. </span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Foreign Exchange Adequacy Indicators </span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Based on the imports of first month of FY 2022/23, the foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 9.4 months, and merchandise and services imports of 8.0 months. The ratio of reserves-to-GDP, reserves-to-imports and reserves-to-M2 stood at 24.7 percent, 66.8 percent and 22.2 percent respectively in mid-August 2022. Such ratios were 25.1 percent, 57.8 percent and 22.1 percent respectively in mid-July 2022.</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Trade Deficit</span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The total trade deficit of the country decreased 10.4 percent to Rs 116.48 billion in the first month of 2022/23. Such a deficit had increased 70.6 percent in the corresponding period of the previous year. The export-import ratio decreased to 11.3 percent in the review period from 13.8 percent in the corresponding period of the previous year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the first month of FY 2022/23, merchandise exports decreased 28.7 percent to Rs 14.81 billion against an increase of 115.9 percent in the same period of the previous year. Destination-wise, exports to India and China decreased 36.5 percent and 24.4 percent respectively whereas exports to other countries increased 5.7 percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Exports of palm oil, zinc sheet, readymade garments, medicine (ayurvedic), particle board, among others, increased whereas exports of soybean oil, oil cakes, jute goods, juice, cardamom, among others, decreased in the review period. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the first month of FY 2022/23, merchandise imports decreased 12.9 percent to Rs 131.29 billion against an increase of 75.7 percent a year ago. Destination-wise, imports from India, China and other countries decreased 12.1 percent, 10.5 percent, and 15.9 percent respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Imports of petroleum products, sponge iron, medicine, chemical fertilizer, crude palm oil, among others, increased whereas imports of transport equipment and parts, MS billet, telecommunication equipment and parts, crude soybean oil, hot rolled sheet in coil, among others, decreased in the review period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> Based on customs points, exports from Krishnanagar, Kailali, Mechi and Tribhuwan Airport Customs Offices increased whereas exports from all the other major customs points decreased in the review period. On the import side, imports from Tatopani, Jaleshwor, Dry Port, Kailali and Rasuwa Customs Offices increased whereas imports from all the other major customs points decreased in the review period.</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Remittances </span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Inflow of remittance increased by 20.3 percent to Rs 92.21 billion in the review period against a decrease of 17.4 percent in the same period of the previous year. The number of Nepali workers (institutional and individual) taking approval for foreign employment increased 222.8 percent to 44,540 in the review period. The number of Nepali workers (renew entry) taking approval for foreign employment increased 75.4 percent to 20,390 in the review period. It had increased 286.1 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Net transfer increased 18.4 percent to Rs 101.69 billion in the review period. Such a transfer had decreased 15.7 percent in the same period of the previous year. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15754', 'image' => '20220916023849_1663281683.Clipboard13.jpg', 'article_date' => '2022-09-16 14:37:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16012', 'article_category_id' => '1', 'title' => 'China Reopens Rasuwagadhi Trade Point', 'sub_title' => '', 'summary' => 'September 16: China has started sending goods through the Rasuwagadhi border point in the north, which was closed on the pretext of Covid-19 infection.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 16: China has started sending goods through the Rasuwagadhi border point in the north, which was closed on the pretext of Covid-19 infection. Likewise, there has been no improvement in the arrival of goods from Tatopani, another major trade point in the north.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Containers laden with Chinese goods started arriving from Rasuwagadhi a day after Chinese People's Congress Standing Committee Chairman Li Zhangsu promised to open the border immediately during his four-day official visit to Nepal from September 12 to 15. During a courtesy meeting with President Bidya Devi Bhandari on Wednesday, Li had said that the checkpoint will be opened immediately.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He informed that he had spoken to the Chinese officials who oversee the trade sector about the closure of the border and that the message had reached President Xi Jinping.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Rasuwagadhi crossing was closed on July 21. China has closed the border because of the rise in coronavirus cases in Tibet.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the local traders, around 400 containers of imported goods were stopped across the border in Tibet due to the closure of the border.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the Nepal Trans Himalayan Border Commerce Association, after China closed the border, the containers were stopped at Kerung across Rasuwagadhi and Khasa across Tatopani. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Kumar Karki, president of the Nepal National Business Federation, said that the traders had been bearing huge losses due to their goods being stuck across the border.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The goods started arriving from the Rasuwagadhi at 9 am on Thursday. According to the Chief District Officer of Rasuwa, Navraj Jaisi, seven large Chinese containers came to Nepal carrying goods in the morning in the first phase.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Before the Chinese cargo container entered Nepal from the Friendshihp Bridge, the security personnel working in the border area sprayed disinfectants on the path of the container. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the traders, materials worth about Rs 2.5 billion brought from China for Dashain were stuck in Kerung.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Concerned officials say that it is difficult to say whether the Tatopani checkpoint is open or not. According to Narad Gautam, head of Tatopani dry port customs office, limited number of cargo containers came to Nepal from this point on Thursday just like in previous days.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15753', 'image' => '20220916020003_Rasuwagadhi border point.jpg', 'article_date' => '2022-09-16 13:59:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16011', 'article_category_id' => '266', 'title' => 'Daraz Announces Dashain Dhamaka', 'sub_title' => '', 'summary' => 'September 16: Online shopping platform Daraz has announced Dashain Dhamaka campaign.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">September 16: Online shopping platform Daraz has announced Dashain Dhamaka campaign. Daraz announced this campaign within a few days of organizing its first mega event 'Daraj Mahotsav'. The company informed that the campaign started from Wednesday. The company claims that the campaign will be bigger than last year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The campaign features mega deal up to 70 percent, free shopping and discount up to Rs 2500. Similarly, the company said that customers have a chance to win mega vouchers worth up to Rs 10,000 and an NIU NQI electric scooter as a bumper gift.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Customers will get 15 percent or Rs 2000 discount when they buy goods through Daraz and pay through debit card. Similarly, the company says customers will get a discount of 20 percent, up to Rs 2,500 when paying through a credit card.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Customers of Nabil Bank, NIC Asia Bank, Sanima Bank, NMB Bank, Everest Bank, Nepal SBI Bank, Nepal Bank, NCC Bank, Sangrila Development Bank and Jyoti Bikas Bank will get discount while paying through card.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15752', 'image' => '20220916013944_daraz.jpg', 'article_date' => '2022-09-16 13:39:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16010', 'article_category_id' => '266', 'title' => 'Global IME Announces Cash Back Offer for Dashain', 'sub_title' => '', 'summary' => 'September 16: SCT debit card users of Global IME Bank will get 33.33 percent cash back during this festive season.', 'content' => '<p><span style="font-size:11.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: </span></span><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">SCT debit card users of Global IME Bank will get 33.33 percent cash back during this festive season. The bank, in collaboration with Smart Choice Technologies, has launched the “Damdar Dashain Dhamaka 3-D Offer” targeting the customers who own SCT and UPI cards for Dashain.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The bank claims that this scheme is the biggest cash back offer so far. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">A statement issued by the bank reads, “SCT debit card-holder customers who make payments at any point of sale terminals, will get cash back of 33.33 percent or Rs 1000 (maximum).”</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">As per the bank, in this scheme which will run from September 17, the cardholders who do at least three POS transactions will receive Rs 500 and cardholders who do at least 6 POS transactions will be receive Rs 1,000 cash back. To get cash back, every transaction payment amount must be at least Rs 500, in which only one transaction per day will be counted.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15751', 'image' => '20220916012648_image-12.jpg', 'article_date' => '2022-09-16 13:25:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16009', 'article_category_id' => '1', 'title' => 'Funds being Secured for Upper Arun Hydropower Project ', 'sub_title' => '', 'summary' => 'September 16: The promoter of the 1061-megawatt Upper Arun Hydropower Project has signed an agreement with banks and financial institutions to secure investment for the game-changer project.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: The promoter of the 1061-megawatt Upper Arun Hydropower Project has signed an agreement with banks and financial institutions to secure investment for the game-changer project.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to Hydroelectricity Investment and Development Company Limited (HIDCL), the promoter company of the project, BFI have agreed to invest Rs 53.14 billion in the Upper Arun Hydropower Project. The total estimated cost of the project is around Rs 214.86 billion. That means one-fourth of the investment will be done by the banks and institutions of Nepal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The project will be developed with investment from the World Bank, commercial banks of Nepal, Rastriya Banijya Bank, and the Citizens Investment Trust. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A financing agreement was signed between Chief Executive Officer of Nepal Electricity Authority, Kulman Ghising, and the CEO of HIDCL, Arjun Kumar Gautam, Upper Arun Hydropower Project’s Fanindra Joshi and representatives of Nepal Bank, Nepal Banijya Bank and Citizens Investment Trust on Thursday. </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"">Speaking at the signing ceremony, Energy Minister Pampha Bhusal expressed happiness over the participation of the people of Nepal for the development of hydropower projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The project with a total capacity of 1061 MW will have 70 percent of the total cost met through loan investment and 30 percent will be equity capital. Preparations are being made to acquire loans of Rs 97 billion from the World Bank, European Investment Bank and other international financial institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is a semi-reservoir project based in Bhotkhola Rural Municipality of Sankhuwasabha district. The project will produce 4,512 gigawatt hours of electricity per year of which 30 percent will be produced during the dry season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The goal is to start construction at the end of 2024 and complete it by 2030. At present, the feasibility study of the project has been completed and the work of selecting a consultant for the bid design and construction supervision work is underway, said NEA CEO Ghising. (With inputs from RSS)</span></span></span></p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15750', 'image' => '20220916010508_1663308689.Upper Arun Hydropower.jpg', 'article_date' => '2022-09-16 13:04:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16008', 'article_category_id' => '1', 'title' => '‘Nepal becomes Self-Sufficient in Plywood Production’', 'sub_title' => 'Plywood worth Rs 500 Million Exported in Three Months ', 'summary' => 'September 16: Nepal has become self-sufficient in plywood production, the state-owned national news agency RSS reported. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: Nepal has become self-sufficient in plywood production, the state-owned national news agency RSS reported. In addition to that, the country has also started exporting plywood to various countries including neighbouring India, RSS said in a news report published on Friday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the last three months alone, Nepal has exported plywood worth Rs 500 million, Dinesh Chapagain, secretary of Nepal Veneer Producers' Association Jhapa, told RSS. Since the demand for Nepali plywood is high, the country has set a target to export plywood worth Rs 5 billion this year alone. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Chapagain, there are 79 registered plywood industries in Nepal and of them 63 industries are exporting their products abroad. Jhapa has the largest number of plywood industries in the country, which stands at 16. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to RSS, President of Nepal Veneer Producers Association Jhapa, Deepak Pandey said that the state should provide incentives to the plywood industries in the country as the demand for wood-based products is increasing abroad. </span></span></span></p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15749', 'image' => '20220916121009_ply.jpg', 'article_date' => '2022-09-16 12:09:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16007', 'article_category_id' => '1', 'title' => 'Integrating Climate Change into Nepal’s Development Strategy Key to Build Resilience: World Bank', 'sub_title' => 'Nepal’s GDP could Shrink by at Least 7 Percent by 2050 due to Unchecked Climate Impacts', 'summary' => 'September 16: The World Bank Group’s Country Climate and Development Report for Nepal underscores the urgency of building resilience to climate change and recommends policies and investments for integrated climate and development solutions for green, resilient, and inclusive development.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 16: The World Bank Group’s Country Climate and Development Report for Nepal underscores the urgency of building resilience to climate change and recommends policies and investments for integrated climate and development solutions for green, resilient, and inclusive development.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepal’s supply chains, farmers, and urban dwellers are already facing devastating climate impacts such as landslides, droughts, and flooding, warns the new report. Without concerted steps to shore up resilience, future climate hazards will threaten the country’s long-term development, the World Bank said in a statement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the World Bank, climate variability is already a major driver of food insecurity and poverty in Nepal, with increased flooding and heat stress seen in the southern regions, while the north experiences increased landslides, water stress, and glacial lake overflow. The report states that Nepal’s GDP could be at least 7 percent smaller by 2050 due to unchecked climate impacts. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The report suggests Nepal to address its greenhouse gas and air pollution emissions as the country’s economy grows. While the country is a negligible contributor to climate change – producing 0.1 percent of total global greenhouse gas emissions – the country’s emission rate is growing rapidly, added the report. According to the World Bank, Nepal also has one of the highest levels of air pollution in the world, with emissions from transport, biomass burning, and industrial activities significantly impacting health and productivity.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“With increased evidence of more severe climate change impacts, Nepal stands at a critical juncture to embark on a path for recovery and growth that is more sustainable, more inclusive, and more resilient to future shocks,” said World Bank Vice President for South Asia Martin Raiser. “The good news is that the country’s notable successes in community forestry and hydropower investments are a strong foundation for future climate-smart growth.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the World Bank, Nepal has pledged to achieve net zero emissions by 2045 and to significantly scale up hydropower investment in the coming decade. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“In 2021, Nepal adopted the Green, Resilient and Inclusive Development (GRID) approach as a national vision to guide long-term green growth and build resilience to climate and other shocks that are barriers to Nepal’s development ambitions. Under Nepal’s federal structure, the local governments are placed at the center of climate resilience and development efforts with extensive implementation responsibilities and play a crucial role in translating the GRID strategy into action,” reads the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">To help Nepal achieve its development goals while implementing its climate commitments, the report proposes actions on two fronts: building resilience to climate impacts and pursuing public and private investments in low-carbon solutions, notably hydropower and its export. The report also highlights that women, indigenous people, and other marginalized groups are often excluded from mainstream development and suffer from cumulative and cascading impacts of climate change and disasters.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Based on the report’s modeling and analytical work, the World Bank Group recommends four priority transitions which includes taking an integrated approach to water, agriculture, and forests; harnessing the hydropower opportunity; managing sustainable urbanization; and strengthening low-carbon resilient connectivity. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">To support these transitions, the report suggests Nepal to prioritize three key enablers: scale-up all types of finance for resilience and low-carbon development; strengthen household and community resilience through social protection and well-managed built and natural capital; and strengthen governance for climate change and disaster risk management through deeper federalization of responsibilities.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15748', 'image' => '20220916113811_780-Nepal-Unveileing-of-ccdr.jpg', 'article_date' => '2022-09-16 11:37:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16006', 'article_category_id' => '266', 'title' => 'Ncell Announces Dashain Bonus Scheme', 'sub_title' => '', 'summary' => 'September 15: Ncell Axiata, a leading private sector mobile service provider company of Nepal, has announced its Dashain scheme. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 15: Ncell Axiata, a leading private sector mobile service provider company of Nepal, has announced its Dashain scheme. On the occasion of Dashain, the company has unveiled a plan to give bonus on every-day recharge. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the company, customers will get a bonus of up to Rs 40 on recharge of Rs 100 or more. The plan has been implemented since Tuesday and the company informed that the customers will get a bonus of Rs 10 valid for one day on the recharge of Rs 100. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The company informed that if the customer recharges Rs 150 once or several times in a day, they will get a bonus of Rs 20 valid for 3 days. According to the company, the customer will get a bonus of Rs 40 on recharging Rs 200 or more once or several times in a day and the bonus must be spent within 7 days.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-15', 'modified' => '2022-09-15', 'keywords' => '', 'description' => '', 'sortorder' => '15747', 'image' => '20220915044743_Recharge-Offer-e1663059523899.jpg', 'article_date' => '2022-09-15 16:47:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16005', 'article_category_id' => '1', 'title' => 'Chitwan National Park Gears Up to Mark Golden Jubilee', 'sub_title' => 'CNP Plans to Organise Various Programmes throughout the Year', 'summary' => 'September 15: Chitwan National Park is preparing to mark its golden jubilee on September 20. ', '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"">September 15: Chitwan National Park is preparing to mark its golden jubilee on September 20. Next week, the popular national park of Nepal steps on the 50<sup>th</sup> year since its established on September 20, 1973.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The national park is planning to organize various programmes throughout the year to mark its golden jubilee. The inauguration of the golden jubilee celebration will be held at Kasara within the premises of the national park, informed Ganesh Prasad Tiwari, information officer of the park.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The national park will launch a journal on the occasion of the golden jubilee. There are also plans to unveil a golden pillar and organize a programme to display the cultures of Bote, Kumal, Tharu, Gurung, Magar, Tamang, Daire and other ethnic communities that live in the buffer zone of the national park.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Chitwan National Park is spread over an area of 952.63 square kilometers. This park was listed in the UNESCO World Heritage Site in 1984 and is famed for its rich flora and fauna including rhinocero, the Royal Bengal Tiger, bison, sloth bear, leopard, barking deer, spotted deer, sambar deer, monkey, langur, laguna among 60 species of mammals found in this park.</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"">Visitors can also find alligators and crocodiles as well as pythons and around 540 species of resident and migratory birds in this national park.</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"">According to Chief Conservation Officer of the national park Hari Bhadra Acharya, the Sal tree (Shorea Robusta) makes up 70 percent of the forest area of the national park. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Chitwan National Park was listed in the UNESCO World Heritage Site for the role it played in protection of these diverse flora and fauna including some endangered wild animals.</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"">Due to the conservation of endangered animals, the number of Royal Bengal Tiger in the national park has reached 128 while the number of rhinoceros has climbed to 694. None of the rhinos in the national park have been killed in poaching incidents in the last one year.</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"">This national park falls in Bagmati Province, Madhes Province and Gandaki Province. There is one metropolitan city, eight municipalities and three rural municipalities within the national park area. More than 250000 people live in the those local units. Fifty percent of the revenue collected by the national park is spent on conservation of the buffer zone as well as for the education and infrastructure of the people living in the buffer zone.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The National Park Office informed the state-owned RSS that more than Rs 1 billion has been spent on the buffer zone so far. Chairman of the CNP Buffer Zone Management Committee Prakash Dhungana says that the establishment of the buffer zone some two and a half decades ago has helped in reducing the human-wildlife conflict and preservation of the flora and fauna. He said that the people living in buffer zone are facing problems due to the outdated laws and urged the concerned bodies to address this issue by amending the laws.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-15', 'modified' => '2022-09-15', 'keywords' => '', 'description' => '', 'sortorder' => '15746', 'image' => '20220915044159_20220613080155_Chitwan 3.jpg', 'article_date' => '2022-09-15 16:41:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 18: The government has made it mandatory for Nepali workers to undergo training before travelling to the European countries as domestic help. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Department of Foreign Employment has made ‘orientation training’ mandatory for such workers after it was found that some manpower companies were sending workers to Cyprus, Romania among other countries without giving them proper orientation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Guidelines on Sending Domestic Workers in Foreign Employment, 2072 has provisions requiring that the workers to be sent for this purpose should be given at least 30 days' training before going abroad for employment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department has also directed the listed manpower companies to make arrangements for sending the workers for foreign employment only after compulsorily providing them the training in accordance with the Work Procedures on Domestic Workers Orientation Training, 2070. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-18', 'modified' => '2022-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '15760', 'image' => '20220918121602_foreign emp.jpg', 'article_date' => '2022-09-18 12:15:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16018', 'article_category_id' => '1', 'title' => 'Advance Ticket Bookings Open for Dashain', 'sub_title' => '', 'summary' => 'September 18: The government has opened advance ticket bookings for those who wish to leave the major cities for their hometown for the upcoming Dasain, Tihar and Chhath festivals. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 18: The government has opened advance ticket bookings for those who wish to leave the major cities for their hometown for the upcoming Dasain, Tihar and Chhath festivals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Arrangements have been made for advance passenger bus ticket booking for those who are in the capital from different parts of the country for study, business and employment in order to facilitate them return home to celebrate the festivals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A significantly large number of people will leave the Kathmandu valley ahead of Dashain leading to an exodus of passengers. Hence, the advance booking of tickets has been opened almost two weeks before the festivals start. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Department of Transport Management in collaboration with transport traders, traffic police and concerned agencies has opened the advance ticket booking from Saturday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President of the National Confederation of Nepal Transport Entrepreneurs, Bijay Bahadur Swar, said that advance ticket booking has been opened for long and medium distance routes. People can book their tickets in advance from New Bus Park, Chabahil, Gaushala, Koteshwar, Sundhara and Kalanki. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, advance ticket booking has been opened for places like Dhangadhi, Tikapur, Bajhang, Bajura, Salyan, Rukum, Pyuthan, Rolpa in the west and Taplejung, Ilam, Kakadvitta, Udayapur and other places in the east. The transport entrepreneurs have also requested the relevant agencies to facilitate the operation of transport by maintaining good condition of the major roads networks of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lotse Multi-Purpose Pvt. Ltd., which operates the new bus park in Gongobu, has added ticket booking counters in collaboration with the transport operators. Head of human resources department of the company, Pankaj Malla, said that bus ticket counters have been increased in comparision to normal time to provide tickets to the passengers going home for Dashain in a systematic manner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the Kathmandu Valley Traffic Police Office and Traffic Management Department are going to set up passenger help desks at 14 different locations of the capital targeting the passengers leaving the capital for their home town. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson of the office, Senior Superintendent of Police Rajendra Prasad Bhatta said that the passenger help desk will work to ensure that the passengers are not charged higher than the specified fare along with coordination required for the passengers to reach their destination without any hassles. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-18', 'modified' => '2022-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '15759', 'image' => '20220918114559_Transport.jpg', 'article_date' => '2022-09-18 11:45:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16017', 'article_category_id' => '1', 'title' => 'EC Directs Land Commission not to Distribute Land Ownership Certificates ', 'sub_title' => '', 'summary' => 'September 16: The Election Commission has directed the National Land Commission to immediately stop the distribution of land ownership certificates.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: The Election Commission has directed the National Land Commission to immediately stop the distribution of land ownership certificates. Likewise, all the three tiers of governments have been instructed not to allow any foreign visits once the election code of conduct comes into effect. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The EC issued such directive in view of the preparation intensified for the upcoming elections to the provincial assemblies and the federal parliament. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Land Commission has been further directed to provide every information on distribution of land ownership certificates and land mapping within the September 17. The EC said it is for maintaining fairness and credibility of election. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15758', 'image' => '20220916024319_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-09-16 14:42:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16016', 'article_category_id' => '1', 'title' => 'Nepal Telecom Starts Distributing Free e-SIM ', 'sub_title' => '', 'summary' => 'September 16: Nepal Telecom has announced the distribution of e-SIM to its customers starting from September 15.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: Nepal Telecom has announced the distribution of e-SIM to its customers starting from September 15. The state-owned telecom company has decided to distribute free e-SIM from its counter in Sundhara, Kathmandu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Postpaid and prepaid customers of the company who are currently using SIM cards can change such physical cards into e-SIMs for free, said NT spokesperson Shovan Adhikari. Customers will however need a mobile set that supports e-SIM. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Existing customers of Nepal Telecom who have mobile sets that support e-SIM will have to fill and submit the required form to get the e-SIM. Apart from mobile sets, e-SIM can be used in other wearable devices like smart watches. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15757', 'image' => '20220916024225_Nepal-Telecom-Ntc-eSIM.jpg', 'article_date' => '2022-09-16 14:41:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16015', 'article_category_id' => '1', 'title' => 'KMC to Ban Consumption of Tobacco Products in Public Places ', 'sub_title' => '', 'summary' => 'September 16: The Kathmandu Metropolitan City has announced a ban on consumption of tobacco products in public places within the city.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: The Kathmandu Metropolitan City has announced a ban on consumption of tobacco products in public places within the city. The new policy will come into effect from Saturday, September 17. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a notice issued by the KMC, the 11th session of the municipal assembly of the metropolis passed the policy to effectively implement the provision on the ban on consumption of tobacco products in public places. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The banned tobacco products include cigarettes, cigars, chewing tobacco and gutkas among others. Those flouting the rule will be booked as per the Tobacco Products (Control and Regulatory) Act, 2068, according to the KMC director and information officer, Basanta Acharya. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15756', 'image' => '20220916024054_tobacco.jpg', 'article_date' => '2022-09-16 14:40:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16014', 'article_category_id' => '1', 'title' => 'Banks Preparing to Increase Interest on Deposits after Six Months', 'sub_title' => '', 'summary' => 'September 16: Banks and financial institutions are preparing to increase the interest rate on deposits from mid-September. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 16: Banks and financial institutions are preparing to increase the interest rate on deposits from mid-September. The commercial banks, which maintained a constant interest rate since the beginning of the year, have decided to increase it from September 17 as per the gentlemen’s agreement among the members of Nepal Bankers Association.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Since mid-March, commercial banks have been implementing a gentlemen’s agreement to give a maximum interest rate of 11.03 percent for individuals and 10.03 percent for organization on 1-year term deposits. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">However, a meeting of the association on Thursday decided not to give continuity to the agreement. This has enabled the banks to set the interest after mid-September as per the instructions of NRB.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The fluctuation in interest rates of commercial banks impacts development banks, financial institutions and cooperatives as well.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NRB issued an instruction last November allowing banks to change the interest rate by 10 percent compared to the previous month.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">At the beginning of the last fiscal year, banks that were aggressive in deposit collection due to lack of liquidity. So, NRB intervened when there was an unhealthy competition among banks to attract deposits by raising interest rates.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">After the instructions of NRB, the banks have been keeping the interest rate stable through mutual agreement. According to the instructions of NRB, despite a 10 percent increase in March, the banks implemented a gentlemen’s agreement to not increase interest rates in April, May, June, July, and August.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NRB had encouraged the banks to increase the interest rate by increasing the bank rate according to the monetary policy of the current fiscal year. As per the monetary policy, NRB amended the Unified Directive 2078 in the third week of July and allowed the banks to change the interest rate immediately if there is a change in the bank rate and the policy rate. As NRB increased the policy rates, the path for the banks to increase the interest rates immediately was cleared. However, they did not increase the interest in July and also agreed to maintain a stable interest rate till mid-September.</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' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15755', 'image' => '20220916023956_Banks.jpg', 'article_date' => '2022-09-16 14:39:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16013', 'article_category_id' => '1', 'title' => 'External Sector Still Under Pressure: NRB Report', 'sub_title' => '', 'summary' => 'September 16: Government authorities have been claiming that the economy is heading in the right track but the data suggest otherwise. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 16: Government authorities have been claiming that the economy is heading in the right track but the data suggest otherwise. A report published by the Nepal Rastra Bank (NRB) on Thursday suggests that the pressure on external sector is still prevalent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report of the first month of the current fiscal year published by the central bank on Thursday clearly shows that the indicators such as the Balance of Payments (BoP), inflation, foreign exchange reserves, remittance inflow are not positive. NRB officials say that the pressure on economy since the beginning of the last fiscal year is still on.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">NRB Spokesperson Dr Gunakar Bhatta says that the pressure on external sector of the economy is still there and therefore all stakeholders need to remain alert. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Inflation and Balance of Payments shows that the economy is still under pressure,” said Bhatta,, adding, “We are yet to feel a sigh of relief. We still need to remain alert.”</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">High Inflation</span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the central bank, inflation in the first month (mid-July to mid-August) of the current fiscal year stood above the limit projected by the NRB. The report states that the year-on-year consumer price inflation stood at 8.26 percent in the first month of FY 2022/23 compared to 4.35 percent a year ago. Food and beverage inflation stood at 7.11 percent whereas non-food and service inflation stood at 9.18 percent in the review month. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the food and beverage category, the prices of ghee and oil, fruits, restaurant and hotel, alcoholic drinks and milk products and eggs sub-categories rose by 19.58 percent, 18.79 percent, 11.84 percent, 10.24 and 10.19 percent respectively on y-o-y basis. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, under the non-food and services category, the prices of transportation, health, furnishing and household equipment, education and housing and utilities sub-categories rose by 23.88 percent, 10.54 percent, 9.04 percent, 8.11 percent and 7.86 percent respectively on y-o-y basis.</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Current Account and Balance of Payments </span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The current account remained at a deficit of Rs 16.26 billion in the review period compared to a deficit of Rs 47.29 billion in the same period of the previous year. In the US Dollar terms, the current account registered a deficit of 127.68 million in the review period compared to deficit of 397.36 million in the same period last year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the review period, capital transfer increased 17.7 percent to Rs 800.34 million and net foreign direct investment (FDI) remained a negative of Rs 1.40 billion. In the same period of the previous year, capital transfer and net FDI amounted to Rs 679.72 million and Rs 480.57 million respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Balance of Payments (BOP) remained at a deficit of Rs 22.63 billion in the review period compared to a deficit of Rs 38.75 billion in the same period of the previous year. In the US Dollar terms, the BOP remained at a deficit of 177.68 million in the review period compared to a deficit of 325.53 million in the same period of the previous year.</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Foreign Exchange Reserves </span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Gross foreign exchange reserves decreased 1.5 percent to Rs 1197.85 billion in mid-August 2022 from Rs 1215.80 billion in mid-July 2022. Of the total foreign exchange reserves, reserves held by NRB decreased 0.7 percent to Rs 1049.11 billion in mid-August 2022 from Rs 1056.39 billion in mid-July 2022. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Reserves held by banks and financial institutions (except NRB) decreased 6.7 percent to Rs 148.74 billion in mid-August 2022 from Rs 159.41 billion in mid-July 2022. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The share of Indian currency in total reserves stood at 22.9 percent in mid-August 2022. </span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Foreign Exchange Adequacy Indicators </span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Based on the imports of first month of FY 2022/23, the foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 9.4 months, and merchandise and services imports of 8.0 months. The ratio of reserves-to-GDP, reserves-to-imports and reserves-to-M2 stood at 24.7 percent, 66.8 percent and 22.2 percent respectively in mid-August 2022. Such ratios were 25.1 percent, 57.8 percent and 22.1 percent respectively in mid-July 2022.</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Trade Deficit</span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The total trade deficit of the country decreased 10.4 percent to Rs 116.48 billion in the first month of 2022/23. Such a deficit had increased 70.6 percent in the corresponding period of the previous year. The export-import ratio decreased to 11.3 percent in the review period from 13.8 percent in the corresponding period of the previous year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the first month of FY 2022/23, merchandise exports decreased 28.7 percent to Rs 14.81 billion against an increase of 115.9 percent in the same period of the previous year. Destination-wise, exports to India and China decreased 36.5 percent and 24.4 percent respectively whereas exports to other countries increased 5.7 percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Exports of palm oil, zinc sheet, readymade garments, medicine (ayurvedic), particle board, among others, increased whereas exports of soybean oil, oil cakes, jute goods, juice, cardamom, among others, decreased in the review period. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the first month of FY 2022/23, merchandise imports decreased 12.9 percent to Rs 131.29 billion against an increase of 75.7 percent a year ago. Destination-wise, imports from India, China and other countries decreased 12.1 percent, 10.5 percent, and 15.9 percent respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Imports of petroleum products, sponge iron, medicine, chemical fertilizer, crude palm oil, among others, increased whereas imports of transport equipment and parts, MS billet, telecommunication equipment and parts, crude soybean oil, hot rolled sheet in coil, among others, decreased in the review period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> Based on customs points, exports from Krishnanagar, Kailali, Mechi and Tribhuwan Airport Customs Offices increased whereas exports from all the other major customs points decreased in the review period. On the import side, imports from Tatopani, Jaleshwor, Dry Port, Kailali and Rasuwa Customs Offices increased whereas imports from all the other major customs points decreased in the review period.</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Remittances </span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Inflow of remittance increased by 20.3 percent to Rs 92.21 billion in the review period against a decrease of 17.4 percent in the same period of the previous year. The number of Nepali workers (institutional and individual) taking approval for foreign employment increased 222.8 percent to 44,540 in the review period. The number of Nepali workers (renew entry) taking approval for foreign employment increased 75.4 percent to 20,390 in the review period. It had increased 286.1 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Net transfer increased 18.4 percent to Rs 101.69 billion in the review period. Such a transfer had decreased 15.7 percent in the same period of the previous year. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15754', 'image' => '20220916023849_1663281683.Clipboard13.jpg', 'article_date' => '2022-09-16 14:37:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16012', 'article_category_id' => '1', 'title' => 'China Reopens Rasuwagadhi Trade Point', 'sub_title' => '', 'summary' => 'September 16: China has started sending goods through the Rasuwagadhi border point in the north, which was closed on the pretext of Covid-19 infection.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 16: China has started sending goods through the Rasuwagadhi border point in the north, which was closed on the pretext of Covid-19 infection. Likewise, there has been no improvement in the arrival of goods from Tatopani, another major trade point in the north.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Containers laden with Chinese goods started arriving from Rasuwagadhi a day after Chinese People's Congress Standing Committee Chairman Li Zhangsu promised to open the border immediately during his four-day official visit to Nepal from September 12 to 15. During a courtesy meeting with President Bidya Devi Bhandari on Wednesday, Li had said that the checkpoint will be opened immediately.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He informed that he had spoken to the Chinese officials who oversee the trade sector about the closure of the border and that the message had reached President Xi Jinping.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Rasuwagadhi crossing was closed on July 21. China has closed the border because of the rise in coronavirus cases in Tibet.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the local traders, around 400 containers of imported goods were stopped across the border in Tibet due to the closure of the border.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the Nepal Trans Himalayan Border Commerce Association, after China closed the border, the containers were stopped at Kerung across Rasuwagadhi and Khasa across Tatopani. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Kumar Karki, president of the Nepal National Business Federation, said that the traders had been bearing huge losses due to their goods being stuck across the border.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The goods started arriving from the Rasuwagadhi at 9 am on Thursday. According to the Chief District Officer of Rasuwa, Navraj Jaisi, seven large Chinese containers came to Nepal carrying goods in the morning in the first phase.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Before the Chinese cargo container entered Nepal from the Friendshihp Bridge, the security personnel working in the border area sprayed disinfectants on the path of the container. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the traders, materials worth about Rs 2.5 billion brought from China for Dashain were stuck in Kerung.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Concerned officials say that it is difficult to say whether the Tatopani checkpoint is open or not. According to Narad Gautam, head of Tatopani dry port customs office, limited number of cargo containers came to Nepal from this point on Thursday just like in previous days.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15753', 'image' => '20220916020003_Rasuwagadhi border point.jpg', 'article_date' => '2022-09-16 13:59:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16011', 'article_category_id' => '266', 'title' => 'Daraz Announces Dashain Dhamaka', 'sub_title' => '', 'summary' => 'September 16: Online shopping platform Daraz has announced Dashain Dhamaka campaign.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">September 16: Online shopping platform Daraz has announced Dashain Dhamaka campaign. Daraz announced this campaign within a few days of organizing its first mega event 'Daraj Mahotsav'. The company informed that the campaign started from Wednesday. The company claims that the campaign will be bigger than last year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The campaign features mega deal up to 70 percent, free shopping and discount up to Rs 2500. Similarly, the company said that customers have a chance to win mega vouchers worth up to Rs 10,000 and an NIU NQI electric scooter as a bumper gift.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Customers will get 15 percent or Rs 2000 discount when they buy goods through Daraz and pay through debit card. Similarly, the company says customers will get a discount of 20 percent, up to Rs 2,500 when paying through a credit card.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Customers of Nabil Bank, NIC Asia Bank, Sanima Bank, NMB Bank, Everest Bank, Nepal SBI Bank, Nepal Bank, NCC Bank, Sangrila Development Bank and Jyoti Bikas Bank will get discount while paying through card.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15752', 'image' => '20220916013944_daraz.jpg', 'article_date' => '2022-09-16 13:39:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16010', 'article_category_id' => '266', 'title' => 'Global IME Announces Cash Back Offer for Dashain', 'sub_title' => '', 'summary' => 'September 16: SCT debit card users of Global IME Bank will get 33.33 percent cash back during this festive season.', 'content' => '<p><span style="font-size:11.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: </span></span><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">SCT debit card users of Global IME Bank will get 33.33 percent cash back during this festive season. The bank, in collaboration with Smart Choice Technologies, has launched the “Damdar Dashain Dhamaka 3-D Offer” targeting the customers who own SCT and UPI cards for Dashain.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The bank claims that this scheme is the biggest cash back offer so far. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">A statement issued by the bank reads, “SCT debit card-holder customers who make payments at any point of sale terminals, will get cash back of 33.33 percent or Rs 1000 (maximum).”</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">As per the bank, in this scheme which will run from September 17, the cardholders who do at least three POS transactions will receive Rs 500 and cardholders who do at least 6 POS transactions will be receive Rs 1,000 cash back. To get cash back, every transaction payment amount must be at least Rs 500, in which only one transaction per day will be counted.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15751', 'image' => '20220916012648_image-12.jpg', 'article_date' => '2022-09-16 13:25:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16009', 'article_category_id' => '1', 'title' => 'Funds being Secured for Upper Arun Hydropower Project ', 'sub_title' => '', 'summary' => 'September 16: The promoter of the 1061-megawatt Upper Arun Hydropower Project has signed an agreement with banks and financial institutions to secure investment for the game-changer project.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: The promoter of the 1061-megawatt Upper Arun Hydropower Project has signed an agreement with banks and financial institutions to secure investment for the game-changer project.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to Hydroelectricity Investment and Development Company Limited (HIDCL), the promoter company of the project, BFI have agreed to invest Rs 53.14 billion in the Upper Arun Hydropower Project. The total estimated cost of the project is around Rs 214.86 billion. That means one-fourth of the investment will be done by the banks and institutions of Nepal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The project will be developed with investment from the World Bank, commercial banks of Nepal, Rastriya Banijya Bank, and the Citizens Investment Trust. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A financing agreement was signed between Chief Executive Officer of Nepal Electricity Authority, Kulman Ghising, and the CEO of HIDCL, Arjun Kumar Gautam, Upper Arun Hydropower Project’s Fanindra Joshi and representatives of Nepal Bank, Nepal Banijya Bank and Citizens Investment Trust on Thursday. </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"">Speaking at the signing ceremony, Energy Minister Pampha Bhusal expressed happiness over the participation of the people of Nepal for the development of hydropower projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The project with a total capacity of 1061 MW will have 70 percent of the total cost met through loan investment and 30 percent will be equity capital. Preparations are being made to acquire loans of Rs 97 billion from the World Bank, European Investment Bank and other international financial institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is a semi-reservoir project based in Bhotkhola Rural Municipality of Sankhuwasabha district. The project will produce 4,512 gigawatt hours of electricity per year of which 30 percent will be produced during the dry season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The goal is to start construction at the end of 2024 and complete it by 2030. At present, the feasibility study of the project has been completed and the work of selecting a consultant for the bid design and construction supervision work is underway, said NEA CEO Ghising. (With inputs from RSS)</span></span></span></p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15750', 'image' => '20220916010508_1663308689.Upper Arun Hydropower.jpg', 'article_date' => '2022-09-16 13:04:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16008', 'article_category_id' => '1', 'title' => '‘Nepal becomes Self-Sufficient in Plywood Production’', 'sub_title' => 'Plywood worth Rs 500 Million Exported in Three Months ', 'summary' => 'September 16: Nepal has become self-sufficient in plywood production, the state-owned national news agency RSS reported. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: Nepal has become self-sufficient in plywood production, the state-owned national news agency RSS reported. In addition to that, the country has also started exporting plywood to various countries including neighbouring India, RSS said in a news report published on Friday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the last three months alone, Nepal has exported plywood worth Rs 500 million, Dinesh Chapagain, secretary of Nepal Veneer Producers' Association Jhapa, told RSS. Since the demand for Nepali plywood is high, the country has set a target to export plywood worth Rs 5 billion this year alone. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Chapagain, there are 79 registered plywood industries in Nepal and of them 63 industries are exporting their products abroad. Jhapa has the largest number of plywood industries in the country, which stands at 16. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to RSS, President of Nepal Veneer Producers Association Jhapa, Deepak Pandey said that the state should provide incentives to the plywood industries in the country as the demand for wood-based products is increasing abroad. </span></span></span></p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15749', 'image' => '20220916121009_ply.jpg', 'article_date' => '2022-09-16 12:09:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16007', 'article_category_id' => '1', 'title' => 'Integrating Climate Change into Nepal’s Development Strategy Key to Build Resilience: World Bank', 'sub_title' => 'Nepal’s GDP could Shrink by at Least 7 Percent by 2050 due to Unchecked Climate Impacts', 'summary' => 'September 16: The World Bank Group’s Country Climate and Development Report for Nepal underscores the urgency of building resilience to climate change and recommends policies and investments for integrated climate and development solutions for green, resilient, and inclusive development.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 16: The World Bank Group’s Country Climate and Development Report for Nepal underscores the urgency of building resilience to climate change and recommends policies and investments for integrated climate and development solutions for green, resilient, and inclusive development.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepal’s supply chains, farmers, and urban dwellers are already facing devastating climate impacts such as landslides, droughts, and flooding, warns the new report. Without concerted steps to shore up resilience, future climate hazards will threaten the country’s long-term development, the World Bank said in a statement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the World Bank, climate variability is already a major driver of food insecurity and poverty in Nepal, with increased flooding and heat stress seen in the southern regions, while the north experiences increased landslides, water stress, and glacial lake overflow. The report states that Nepal’s GDP could be at least 7 percent smaller by 2050 due to unchecked climate impacts. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The report suggests Nepal to address its greenhouse gas and air pollution emissions as the country’s economy grows. While the country is a negligible contributor to climate change – producing 0.1 percent of total global greenhouse gas emissions – the country’s emission rate is growing rapidly, added the report. According to the World Bank, Nepal also has one of the highest levels of air pollution in the world, with emissions from transport, biomass burning, and industrial activities significantly impacting health and productivity.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“With increased evidence of more severe climate change impacts, Nepal stands at a critical juncture to embark on a path for recovery and growth that is more sustainable, more inclusive, and more resilient to future shocks,” said World Bank Vice President for South Asia Martin Raiser. “The good news is that the country’s notable successes in community forestry and hydropower investments are a strong foundation for future climate-smart growth.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the World Bank, Nepal has pledged to achieve net zero emissions by 2045 and to significantly scale up hydropower investment in the coming decade. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“In 2021, Nepal adopted the Green, Resilient and Inclusive Development (GRID) approach as a national vision to guide long-term green growth and build resilience to climate and other shocks that are barriers to Nepal’s development ambitions. Under Nepal’s federal structure, the local governments are placed at the center of climate resilience and development efforts with extensive implementation responsibilities and play a crucial role in translating the GRID strategy into action,” reads the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">To help Nepal achieve its development goals while implementing its climate commitments, the report proposes actions on two fronts: building resilience to climate impacts and pursuing public and private investments in low-carbon solutions, notably hydropower and its export. The report also highlights that women, indigenous people, and other marginalized groups are often excluded from mainstream development and suffer from cumulative and cascading impacts of climate change and disasters.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Based on the report’s modeling and analytical work, the World Bank Group recommends four priority transitions which includes taking an integrated approach to water, agriculture, and forests; harnessing the hydropower opportunity; managing sustainable urbanization; and strengthening low-carbon resilient connectivity. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">To support these transitions, the report suggests Nepal to prioritize three key enablers: scale-up all types of finance for resilience and low-carbon development; strengthen household and community resilience through social protection and well-managed built and natural capital; and strengthen governance for climate change and disaster risk management through deeper federalization of responsibilities.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15748', 'image' => '20220916113811_780-Nepal-Unveileing-of-ccdr.jpg', 'article_date' => '2022-09-16 11:37:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16006', 'article_category_id' => '266', 'title' => 'Ncell Announces Dashain Bonus Scheme', 'sub_title' => '', 'summary' => 'September 15: Ncell Axiata, a leading private sector mobile service provider company of Nepal, has announced its Dashain scheme. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 15: Ncell Axiata, a leading private sector mobile service provider company of Nepal, has announced its Dashain scheme. On the occasion of Dashain, the company has unveiled a plan to give bonus on every-day recharge. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the company, customers will get a bonus of up to Rs 40 on recharge of Rs 100 or more. The plan has been implemented since Tuesday and the company informed that the customers will get a bonus of Rs 10 valid for one day on the recharge of Rs 100. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The company informed that if the customer recharges Rs 150 once or several times in a day, they will get a bonus of Rs 20 valid for 3 days. According to the company, the customer will get a bonus of Rs 40 on recharging Rs 200 or more once or several times in a day and the bonus must be spent within 7 days.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-15', 'modified' => '2022-09-15', 'keywords' => '', 'description' => '', 'sortorder' => '15747', 'image' => '20220915044743_Recharge-Offer-e1663059523899.jpg', 'article_date' => '2022-09-15 16:47:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16005', 'article_category_id' => '1', 'title' => 'Chitwan National Park Gears Up to Mark Golden Jubilee', 'sub_title' => 'CNP Plans to Organise Various Programmes throughout the Year', 'summary' => 'September 15: Chitwan National Park is preparing to mark its golden jubilee on September 20. ', '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"">September 15: Chitwan National Park is preparing to mark its golden jubilee on September 20. Next week, the popular national park of Nepal steps on the 50<sup>th</sup> year since its established on September 20, 1973.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The national park is planning to organize various programmes throughout the year to mark its golden jubilee. The inauguration of the golden jubilee celebration will be held at Kasara within the premises of the national park, informed Ganesh Prasad Tiwari, information officer of the park.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The national park will launch a journal on the occasion of the golden jubilee. There are also plans to unveil a golden pillar and organize a programme to display the cultures of Bote, Kumal, Tharu, Gurung, Magar, Tamang, Daire and other ethnic communities that live in the buffer zone of the national park.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Chitwan National Park is spread over an area of 952.63 square kilometers. This park was listed in the UNESCO World Heritage Site in 1984 and is famed for its rich flora and fauna including rhinocero, the Royal Bengal Tiger, bison, sloth bear, leopard, barking deer, spotted deer, sambar deer, monkey, langur, laguna among 60 species of mammals found in this park.</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"">Visitors can also find alligators and crocodiles as well as pythons and around 540 species of resident and migratory birds in this national park.</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"">According to Chief Conservation Officer of the national park Hari Bhadra Acharya, the Sal tree (Shorea Robusta) makes up 70 percent of the forest area of the national park. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Chitwan National Park was listed in the UNESCO World Heritage Site for the role it played in protection of these diverse flora and fauna including some endangered wild animals.</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"">Due to the conservation of endangered animals, the number of Royal Bengal Tiger in the national park has reached 128 while the number of rhinoceros has climbed to 694. None of the rhinos in the national park have been killed in poaching incidents in the last one year.</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"">This national park falls in Bagmati Province, Madhes Province and Gandaki Province. There is one metropolitan city, eight municipalities and three rural municipalities within the national park area. More than 250000 people live in the those local units. Fifty percent of the revenue collected by the national park is spent on conservation of the buffer zone as well as for the education and infrastructure of the people living in the buffer zone.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The National Park Office informed the state-owned RSS that more than Rs 1 billion has been spent on the buffer zone so far. Chairman of the CNP Buffer Zone Management Committee Prakash Dhungana says that the establishment of the buffer zone some two and a half decades ago has helped in reducing the human-wildlife conflict and preservation of the flora and fauna. He said that the people living in buffer zone are facing problems due to the outdated laws and urged the concerned bodies to address this issue by amending the laws.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-15', 'modified' => '2022-09-15', 'keywords' => '', 'description' => '', 'sortorder' => '15746', 'image' => '20220915044159_20220613080155_Chitwan 3.jpg', 'article_date' => '2022-09-15 16:41:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 18: The government has made it mandatory for Nepali workers to undergo training before travelling to the European countries as domestic help. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Department of Foreign Employment has made ‘orientation training’ mandatory for such workers after it was found that some manpower companies were sending workers to Cyprus, Romania among other countries without giving them proper orientation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Guidelines on Sending Domestic Workers in Foreign Employment, 2072 has provisions requiring that the workers to be sent for this purpose should be given at least 30 days' training before going abroad for employment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department has also directed the listed manpower companies to make arrangements for sending the workers for foreign employment only after compulsorily providing them the training in accordance with the Work Procedures on Domestic Workers Orientation Training, 2070. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-18', 'modified' => '2022-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '15760', 'image' => '20220918121602_foreign emp.jpg', 'article_date' => '2022-09-18 12:15:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16018', 'article_category_id' => '1', 'title' => 'Advance Ticket Bookings Open for Dashain', 'sub_title' => '', 'summary' => 'September 18: The government has opened advance ticket bookings for those who wish to leave the major cities for their hometown for the upcoming Dasain, Tihar and Chhath festivals. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 18: The government has opened advance ticket bookings for those who wish to leave the major cities for their hometown for the upcoming Dasain, Tihar and Chhath festivals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Arrangements have been made for advance passenger bus ticket booking for those who are in the capital from different parts of the country for study, business and employment in order to facilitate them return home to celebrate the festivals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A significantly large number of people will leave the Kathmandu valley ahead of Dashain leading to an exodus of passengers. Hence, the advance booking of tickets has been opened almost two weeks before the festivals start. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Department of Transport Management in collaboration with transport traders, traffic police and concerned agencies has opened the advance ticket booking from Saturday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President of the National Confederation of Nepal Transport Entrepreneurs, Bijay Bahadur Swar, said that advance ticket booking has been opened for long and medium distance routes. People can book their tickets in advance from New Bus Park, Chabahil, Gaushala, Koteshwar, Sundhara and Kalanki. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, advance ticket booking has been opened for places like Dhangadhi, Tikapur, Bajhang, Bajura, Salyan, Rukum, Pyuthan, Rolpa in the west and Taplejung, Ilam, Kakadvitta, Udayapur and other places in the east. The transport entrepreneurs have also requested the relevant agencies to facilitate the operation of transport by maintaining good condition of the major roads networks of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lotse Multi-Purpose Pvt. Ltd., which operates the new bus park in Gongobu, has added ticket booking counters in collaboration with the transport operators. Head of human resources department of the company, Pankaj Malla, said that bus ticket counters have been increased in comparision to normal time to provide tickets to the passengers going home for Dashain in a systematic manner. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the Kathmandu Valley Traffic Police Office and Traffic Management Department are going to set up passenger help desks at 14 different locations of the capital targeting the passengers leaving the capital for their home town. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson of the office, Senior Superintendent of Police Rajendra Prasad Bhatta said that the passenger help desk will work to ensure that the passengers are not charged higher than the specified fare along with coordination required for the passengers to reach their destination without any hassles. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-18', 'modified' => '2022-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '15759', 'image' => '20220918114559_Transport.jpg', 'article_date' => '2022-09-18 11:45:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16017', 'article_category_id' => '1', 'title' => 'EC Directs Land Commission not to Distribute Land Ownership Certificates ', 'sub_title' => '', 'summary' => 'September 16: The Election Commission has directed the National Land Commission to immediately stop the distribution of land ownership certificates.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: The Election Commission has directed the National Land Commission to immediately stop the distribution of land ownership certificates. Likewise, all the three tiers of governments have been instructed not to allow any foreign visits once the election code of conduct comes into effect. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The EC issued such directive in view of the preparation intensified for the upcoming elections to the provincial assemblies and the federal parliament. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Land Commission has been further directed to provide every information on distribution of land ownership certificates and land mapping within the September 17. The EC said it is for maintaining fairness and credibility of election. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15758', 'image' => '20220916024319_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-09-16 14:42:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16016', 'article_category_id' => '1', 'title' => 'Nepal Telecom Starts Distributing Free e-SIM ', 'sub_title' => '', 'summary' => 'September 16: Nepal Telecom has announced the distribution of e-SIM to its customers starting from September 15.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: Nepal Telecom has announced the distribution of e-SIM to its customers starting from September 15. The state-owned telecom company has decided to distribute free e-SIM from its counter in Sundhara, Kathmandu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Postpaid and prepaid customers of the company who are currently using SIM cards can change such physical cards into e-SIMs for free, said NT spokesperson Shovan Adhikari. Customers will however need a mobile set that supports e-SIM. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Existing customers of Nepal Telecom who have mobile sets that support e-SIM will have to fill and submit the required form to get the e-SIM. Apart from mobile sets, e-SIM can be used in other wearable devices like smart watches. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15757', 'image' => '20220916024225_Nepal-Telecom-Ntc-eSIM.jpg', 'article_date' => '2022-09-16 14:41:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16015', 'article_category_id' => '1', 'title' => 'KMC to Ban Consumption of Tobacco Products in Public Places ', 'sub_title' => '', 'summary' => 'September 16: The Kathmandu Metropolitan City has announced a ban on consumption of tobacco products in public places within the city.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: The Kathmandu Metropolitan City has announced a ban on consumption of tobacco products in public places within the city. The new policy will come into effect from Saturday, September 17. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a notice issued by the KMC, the 11th session of the municipal assembly of the metropolis passed the policy to effectively implement the provision on the ban on consumption of tobacco products in public places. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The banned tobacco products include cigarettes, cigars, chewing tobacco and gutkas among others. Those flouting the rule will be booked as per the Tobacco Products (Control and Regulatory) Act, 2068, according to the KMC director and information officer, Basanta Acharya. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15756', 'image' => '20220916024054_tobacco.jpg', 'article_date' => '2022-09-16 14:40:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16014', 'article_category_id' => '1', 'title' => 'Banks Preparing to Increase Interest on Deposits after Six Months', 'sub_title' => '', 'summary' => 'September 16: Banks and financial institutions are preparing to increase the interest rate on deposits from mid-September. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 16: Banks and financial institutions are preparing to increase the interest rate on deposits from mid-September. The commercial banks, which maintained a constant interest rate since the beginning of the year, have decided to increase it from September 17 as per the gentlemen’s agreement among the members of Nepal Bankers Association.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Since mid-March, commercial banks have been implementing a gentlemen’s agreement to give a maximum interest rate of 11.03 percent for individuals and 10.03 percent for organization on 1-year term deposits. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">However, a meeting of the association on Thursday decided not to give continuity to the agreement. This has enabled the banks to set the interest after mid-September as per the instructions of NRB.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The fluctuation in interest rates of commercial banks impacts development banks, financial institutions and cooperatives as well.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NRB issued an instruction last November allowing banks to change the interest rate by 10 percent compared to the previous month.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">At the beginning of the last fiscal year, banks that were aggressive in deposit collection due to lack of liquidity. So, NRB intervened when there was an unhealthy competition among banks to attract deposits by raising interest rates.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">After the instructions of NRB, the banks have been keeping the interest rate stable through mutual agreement. According to the instructions of NRB, despite a 10 percent increase in March, the banks implemented a gentlemen’s agreement to not increase interest rates in April, May, June, July, and August.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NRB had encouraged the banks to increase the interest rate by increasing the bank rate according to the monetary policy of the current fiscal year. As per the monetary policy, NRB amended the Unified Directive 2078 in the third week of July and allowed the banks to change the interest rate immediately if there is a change in the bank rate and the policy rate. As NRB increased the policy rates, the path for the banks to increase the interest rates immediately was cleared. However, they did not increase the interest in July and also agreed to maintain a stable interest rate till mid-September.</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' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15755', 'image' => '20220916023956_Banks.jpg', 'article_date' => '2022-09-16 14:39:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16013', 'article_category_id' => '1', 'title' => 'External Sector Still Under Pressure: NRB Report', 'sub_title' => '', 'summary' => 'September 16: Government authorities have been claiming that the economy is heading in the right track but the data suggest otherwise. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 16: Government authorities have been claiming that the economy is heading in the right track but the data suggest otherwise. A report published by the Nepal Rastra Bank (NRB) on Thursday suggests that the pressure on external sector is still prevalent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report of the first month of the current fiscal year published by the central bank on Thursday clearly shows that the indicators such as the Balance of Payments (BoP), inflation, foreign exchange reserves, remittance inflow are not positive. NRB officials say that the pressure on economy since the beginning of the last fiscal year is still on.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">NRB Spokesperson Dr Gunakar Bhatta says that the pressure on external sector of the economy is still there and therefore all stakeholders need to remain alert. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Inflation and Balance of Payments shows that the economy is still under pressure,” said Bhatta,, adding, “We are yet to feel a sigh of relief. We still need to remain alert.”</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">High Inflation</span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the central bank, inflation in the first month (mid-July to mid-August) of the current fiscal year stood above the limit projected by the NRB. The report states that the year-on-year consumer price inflation stood at 8.26 percent in the first month of FY 2022/23 compared to 4.35 percent a year ago. Food and beverage inflation stood at 7.11 percent whereas non-food and service inflation stood at 9.18 percent in the review month. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the food and beverage category, the prices of ghee and oil, fruits, restaurant and hotel, alcoholic drinks and milk products and eggs sub-categories rose by 19.58 percent, 18.79 percent, 11.84 percent, 10.24 and 10.19 percent respectively on y-o-y basis. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, under the non-food and services category, the prices of transportation, health, furnishing and household equipment, education and housing and utilities sub-categories rose by 23.88 percent, 10.54 percent, 9.04 percent, 8.11 percent and 7.86 percent respectively on y-o-y basis.</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Current Account and Balance of Payments </span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The current account remained at a deficit of Rs 16.26 billion in the review period compared to a deficit of Rs 47.29 billion in the same period of the previous year. In the US Dollar terms, the current account registered a deficit of 127.68 million in the review period compared to deficit of 397.36 million in the same period last year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the review period, capital transfer increased 17.7 percent to Rs 800.34 million and net foreign direct investment (FDI) remained a negative of Rs 1.40 billion. In the same period of the previous year, capital transfer and net FDI amounted to Rs 679.72 million and Rs 480.57 million respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Balance of Payments (BOP) remained at a deficit of Rs 22.63 billion in the review period compared to a deficit of Rs 38.75 billion in the same period of the previous year. In the US Dollar terms, the BOP remained at a deficit of 177.68 million in the review period compared to a deficit of 325.53 million in the same period of the previous year.</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Foreign Exchange Reserves </span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Gross foreign exchange reserves decreased 1.5 percent to Rs 1197.85 billion in mid-August 2022 from Rs 1215.80 billion in mid-July 2022. Of the total foreign exchange reserves, reserves held by NRB decreased 0.7 percent to Rs 1049.11 billion in mid-August 2022 from Rs 1056.39 billion in mid-July 2022. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Reserves held by banks and financial institutions (except NRB) decreased 6.7 percent to Rs 148.74 billion in mid-August 2022 from Rs 159.41 billion in mid-July 2022. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The share of Indian currency in total reserves stood at 22.9 percent in mid-August 2022. </span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Foreign Exchange Adequacy Indicators </span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Based on the imports of first month of FY 2022/23, the foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 9.4 months, and merchandise and services imports of 8.0 months. The ratio of reserves-to-GDP, reserves-to-imports and reserves-to-M2 stood at 24.7 percent, 66.8 percent and 22.2 percent respectively in mid-August 2022. Such ratios were 25.1 percent, 57.8 percent and 22.1 percent respectively in mid-July 2022.</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Trade Deficit</span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The total trade deficit of the country decreased 10.4 percent to Rs 116.48 billion in the first month of 2022/23. Such a deficit had increased 70.6 percent in the corresponding period of the previous year. The export-import ratio decreased to 11.3 percent in the review period from 13.8 percent in the corresponding period of the previous year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the first month of FY 2022/23, merchandise exports decreased 28.7 percent to Rs 14.81 billion against an increase of 115.9 percent in the same period of the previous year. Destination-wise, exports to India and China decreased 36.5 percent and 24.4 percent respectively whereas exports to other countries increased 5.7 percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Exports of palm oil, zinc sheet, readymade garments, medicine (ayurvedic), particle board, among others, increased whereas exports of soybean oil, oil cakes, jute goods, juice, cardamom, among others, decreased in the review period. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the first month of FY 2022/23, merchandise imports decreased 12.9 percent to Rs 131.29 billion against an increase of 75.7 percent a year ago. Destination-wise, imports from India, China and other countries decreased 12.1 percent, 10.5 percent, and 15.9 percent respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Imports of petroleum products, sponge iron, medicine, chemical fertilizer, crude palm oil, among others, increased whereas imports of transport equipment and parts, MS billet, telecommunication equipment and parts, crude soybean oil, hot rolled sheet in coil, among others, decreased in the review period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> Based on customs points, exports from Krishnanagar, Kailali, Mechi and Tribhuwan Airport Customs Offices increased whereas exports from all the other major customs points decreased in the review period. On the import side, imports from Tatopani, Jaleshwor, Dry Port, Kailali and Rasuwa Customs Offices increased whereas imports from all the other major customs points decreased in the review period.</span></span></p> <p><strong><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Remittances </span></span></strong></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Inflow of remittance increased by 20.3 percent to Rs 92.21 billion in the review period against a decrease of 17.4 percent in the same period of the previous year. The number of Nepali workers (institutional and individual) taking approval for foreign employment increased 222.8 percent to 44,540 in the review period. The number of Nepali workers (renew entry) taking approval for foreign employment increased 75.4 percent to 20,390 in the review period. It had increased 286.1 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Net transfer increased 18.4 percent to Rs 101.69 billion in the review period. Such a transfer had decreased 15.7 percent in the same period of the previous year. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15754', 'image' => '20220916023849_1663281683.Clipboard13.jpg', 'article_date' => '2022-09-16 14:37:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16012', 'article_category_id' => '1', 'title' => 'China Reopens Rasuwagadhi Trade Point', 'sub_title' => '', 'summary' => 'September 16: China has started sending goods through the Rasuwagadhi border point in the north, which was closed on the pretext of Covid-19 infection.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 16: China has started sending goods through the Rasuwagadhi border point in the north, which was closed on the pretext of Covid-19 infection. Likewise, there has been no improvement in the arrival of goods from Tatopani, another major trade point in the north.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Containers laden with Chinese goods started arriving from Rasuwagadhi a day after Chinese People's Congress Standing Committee Chairman Li Zhangsu promised to open the border immediately during his four-day official visit to Nepal from September 12 to 15. During a courtesy meeting with President Bidya Devi Bhandari on Wednesday, Li had said that the checkpoint will be opened immediately.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He informed that he had spoken to the Chinese officials who oversee the trade sector about the closure of the border and that the message had reached President Xi Jinping.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Rasuwagadhi crossing was closed on July 21. China has closed the border because of the rise in coronavirus cases in Tibet.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the local traders, around 400 containers of imported goods were stopped across the border in Tibet due to the closure of the border.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the Nepal Trans Himalayan Border Commerce Association, after China closed the border, the containers were stopped at Kerung across Rasuwagadhi and Khasa across Tatopani. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Kumar Karki, president of the Nepal National Business Federation, said that the traders had been bearing huge losses due to their goods being stuck across the border.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The goods started arriving from the Rasuwagadhi at 9 am on Thursday. According to the Chief District Officer of Rasuwa, Navraj Jaisi, seven large Chinese containers came to Nepal carrying goods in the morning in the first phase.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Before the Chinese cargo container entered Nepal from the Friendshihp Bridge, the security personnel working in the border area sprayed disinfectants on the path of the container. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the traders, materials worth about Rs 2.5 billion brought from China for Dashain were stuck in Kerung.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Concerned officials say that it is difficult to say whether the Tatopani checkpoint is open or not. According to Narad Gautam, head of Tatopani dry port customs office, limited number of cargo containers came to Nepal from this point on Thursday just like in previous days.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15753', 'image' => '20220916020003_Rasuwagadhi border point.jpg', 'article_date' => '2022-09-16 13:59:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16011', 'article_category_id' => '266', 'title' => 'Daraz Announces Dashain Dhamaka', 'sub_title' => '', 'summary' => 'September 16: Online shopping platform Daraz has announced Dashain Dhamaka campaign.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">September 16: Online shopping platform Daraz has announced Dashain Dhamaka campaign. Daraz announced this campaign within a few days of organizing its first mega event 'Daraj Mahotsav'. The company informed that the campaign started from Wednesday. The company claims that the campaign will be bigger than last year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The campaign features mega deal up to 70 percent, free shopping and discount up to Rs 2500. Similarly, the company said that customers have a chance to win mega vouchers worth up to Rs 10,000 and an NIU NQI electric scooter as a bumper gift.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Customers will get 15 percent or Rs 2000 discount when they buy goods through Daraz and pay through debit card. Similarly, the company says customers will get a discount of 20 percent, up to Rs 2,500 when paying through a credit card.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Customers of Nabil Bank, NIC Asia Bank, Sanima Bank, NMB Bank, Everest Bank, Nepal SBI Bank, Nepal Bank, NCC Bank, Sangrila Development Bank and Jyoti Bikas Bank will get discount while paying through card.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15752', 'image' => '20220916013944_daraz.jpg', 'article_date' => '2022-09-16 13:39:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16010', 'article_category_id' => '266', 'title' => 'Global IME Announces Cash Back Offer for Dashain', 'sub_title' => '', 'summary' => 'September 16: SCT debit card users of Global IME Bank will get 33.33 percent cash back during this festive season.', 'content' => '<p><span style="font-size:11.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: </span></span><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">SCT debit card users of Global IME Bank will get 33.33 percent cash back during this festive season. The bank, in collaboration with Smart Choice Technologies, has launched the “Damdar Dashain Dhamaka 3-D Offer” targeting the customers who own SCT and UPI cards for Dashain.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The bank claims that this scheme is the biggest cash back offer so far. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">A statement issued by the bank reads, “SCT debit card-holder customers who make payments at any point of sale terminals, will get cash back of 33.33 percent or Rs 1000 (maximum).”</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">As per the bank, in this scheme which will run from September 17, the cardholders who do at least three POS transactions will receive Rs 500 and cardholders who do at least 6 POS transactions will be receive Rs 1,000 cash back. To get cash back, every transaction payment amount must be at least Rs 500, in which only one transaction per day will be counted.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15751', 'image' => '20220916012648_image-12.jpg', 'article_date' => '2022-09-16 13:25:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16009', 'article_category_id' => '1', 'title' => 'Funds being Secured for Upper Arun Hydropower Project ', 'sub_title' => '', 'summary' => 'September 16: The promoter of the 1061-megawatt Upper Arun Hydropower Project has signed an agreement with banks and financial institutions to secure investment for the game-changer project.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: The promoter of the 1061-megawatt Upper Arun Hydropower Project has signed an agreement with banks and financial institutions to secure investment for the game-changer project.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to Hydroelectricity Investment and Development Company Limited (HIDCL), the promoter company of the project, BFI have agreed to invest Rs 53.14 billion in the Upper Arun Hydropower Project. The total estimated cost of the project is around Rs 214.86 billion. That means one-fourth of the investment will be done by the banks and institutions of Nepal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The project will be developed with investment from the World Bank, commercial banks of Nepal, Rastriya Banijya Bank, and the Citizens Investment Trust. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A financing agreement was signed between Chief Executive Officer of Nepal Electricity Authority, Kulman Ghising, and the CEO of HIDCL, Arjun Kumar Gautam, Upper Arun Hydropower Project’s Fanindra Joshi and representatives of Nepal Bank, Nepal Banijya Bank and Citizens Investment Trust on Thursday. </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"">Speaking at the signing ceremony, Energy Minister Pampha Bhusal expressed happiness over the participation of the people of Nepal for the development of hydropower projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The project with a total capacity of 1061 MW will have 70 percent of the total cost met through loan investment and 30 percent will be equity capital. Preparations are being made to acquire loans of Rs 97 billion from the World Bank, European Investment Bank and other international financial institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is a semi-reservoir project based in Bhotkhola Rural Municipality of Sankhuwasabha district. The project will produce 4,512 gigawatt hours of electricity per year of which 30 percent will be produced during the dry season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The goal is to start construction at the end of 2024 and complete it by 2030. At present, the feasibility study of the project has been completed and the work of selecting a consultant for the bid design and construction supervision work is underway, said NEA CEO Ghising. (With inputs from RSS)</span></span></span></p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15750', 'image' => '20220916010508_1663308689.Upper Arun Hydropower.jpg', 'article_date' => '2022-09-16 13:04:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16008', 'article_category_id' => '1', 'title' => '‘Nepal becomes Self-Sufficient in Plywood Production’', 'sub_title' => 'Plywood worth Rs 500 Million Exported in Three Months ', 'summary' => 'September 16: Nepal has become self-sufficient in plywood production, the state-owned national news agency RSS reported. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 16: Nepal has become self-sufficient in plywood production, the state-owned national news agency RSS reported. In addition to that, the country has also started exporting plywood to various countries including neighbouring India, RSS said in a news report published on Friday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the last three months alone, Nepal has exported plywood worth Rs 500 million, Dinesh Chapagain, secretary of Nepal Veneer Producers' Association Jhapa, told RSS. Since the demand for Nepali plywood is high, the country has set a target to export plywood worth Rs 5 billion this year alone. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Chapagain, there are 79 registered plywood industries in Nepal and of them 63 industries are exporting their products abroad. Jhapa has the largest number of plywood industries in the country, which stands at 16. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to RSS, President of Nepal Veneer Producers Association Jhapa, Deepak Pandey said that the state should provide incentives to the plywood industries in the country as the demand for wood-based products is increasing abroad. </span></span></span></p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15749', 'image' => '20220916121009_ply.jpg', 'article_date' => '2022-09-16 12:09:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16007', 'article_category_id' => '1', 'title' => 'Integrating Climate Change into Nepal’s Development Strategy Key to Build Resilience: World Bank', 'sub_title' => 'Nepal’s GDP could Shrink by at Least 7 Percent by 2050 due to Unchecked Climate Impacts', 'summary' => 'September 16: The World Bank Group’s Country Climate and Development Report for Nepal underscores the urgency of building resilience to climate change and recommends policies and investments for integrated climate and development solutions for green, resilient, and inclusive development.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 16: The World Bank Group’s Country Climate and Development Report for Nepal underscores the urgency of building resilience to climate change and recommends policies and investments for integrated climate and development solutions for green, resilient, and inclusive development.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepal’s supply chains, farmers, and urban dwellers are already facing devastating climate impacts such as landslides, droughts, and flooding, warns the new report. Without concerted steps to shore up resilience, future climate hazards will threaten the country’s long-term development, the World Bank said in a statement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the World Bank, climate variability is already a major driver of food insecurity and poverty in Nepal, with increased flooding and heat stress seen in the southern regions, while the north experiences increased landslides, water stress, and glacial lake overflow. The report states that Nepal’s GDP could be at least 7 percent smaller by 2050 due to unchecked climate impacts. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The report suggests Nepal to address its greenhouse gas and air pollution emissions as the country’s economy grows. While the country is a negligible contributor to climate change – producing 0.1 percent of total global greenhouse gas emissions – the country’s emission rate is growing rapidly, added the report. According to the World Bank, Nepal also has one of the highest levels of air pollution in the world, with emissions from transport, biomass burning, and industrial activities significantly impacting health and productivity.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“With increased evidence of more severe climate change impacts, Nepal stands at a critical juncture to embark on a path for recovery and growth that is more sustainable, more inclusive, and more resilient to future shocks,” said World Bank Vice President for South Asia Martin Raiser. “The good news is that the country’s notable successes in community forestry and hydropower investments are a strong foundation for future climate-smart growth.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the World Bank, Nepal has pledged to achieve net zero emissions by 2045 and to significantly scale up hydropower investment in the coming decade. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“In 2021, Nepal adopted the Green, Resilient and Inclusive Development (GRID) approach as a national vision to guide long-term green growth and build resilience to climate and other shocks that are barriers to Nepal’s development ambitions. Under Nepal’s federal structure, the local governments are placed at the center of climate resilience and development efforts with extensive implementation responsibilities and play a crucial role in translating the GRID strategy into action,” reads the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">To help Nepal achieve its development goals while implementing its climate commitments, the report proposes actions on two fronts: building resilience to climate impacts and pursuing public and private investments in low-carbon solutions, notably hydropower and its export. The report also highlights that women, indigenous people, and other marginalized groups are often excluded from mainstream development and suffer from cumulative and cascading impacts of climate change and disasters.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Based on the report’s modeling and analytical work, the World Bank Group recommends four priority transitions which includes taking an integrated approach to water, agriculture, and forests; harnessing the hydropower opportunity; managing sustainable urbanization; and strengthening low-carbon resilient connectivity. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">To support these transitions, the report suggests Nepal to prioritize three key enablers: scale-up all types of finance for resilience and low-carbon development; strengthen household and community resilience through social protection and well-managed built and natural capital; and strengthen governance for climate change and disaster risk management through deeper federalization of responsibilities.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-16', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15748', 'image' => '20220916113811_780-Nepal-Unveileing-of-ccdr.jpg', 'article_date' => '2022-09-16 11:37:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16006', 'article_category_id' => '266', 'title' => 'Ncell Announces Dashain Bonus Scheme', 'sub_title' => '', 'summary' => 'September 15: Ncell Axiata, a leading private sector mobile service provider company of Nepal, has announced its Dashain scheme. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 15: Ncell Axiata, a leading private sector mobile service provider company of Nepal, has announced its Dashain scheme. On the occasion of Dashain, the company has unveiled a plan to give bonus on every-day recharge. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the company, customers will get a bonus of up to Rs 40 on recharge of Rs 100 or more. The plan has been implemented since Tuesday and the company informed that the customers will get a bonus of Rs 10 valid for one day on the recharge of Rs 100. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The company informed that if the customer recharges Rs 150 once or several times in a day, they will get a bonus of Rs 20 valid for 3 days. According to the company, the customer will get a bonus of Rs 40 on recharging Rs 200 or more once or several times in a day and the bonus must be spent within 7 days.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-15', 'modified' => '2022-09-15', 'keywords' => '', 'description' => '', 'sortorder' => '15747', 'image' => '20220915044743_Recharge-Offer-e1663059523899.jpg', 'article_date' => '2022-09-15 16:47:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16005', 'article_category_id' => '1', 'title' => 'Chitwan National Park Gears Up to Mark Golden Jubilee', 'sub_title' => 'CNP Plans to Organise Various Programmes throughout the Year', 'summary' => 'September 15: Chitwan National Park is preparing to mark its golden jubilee on September 20. ', '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"">September 15: Chitwan National Park is preparing to mark its golden jubilee on September 20. Next week, the popular national park of Nepal steps on the 50<sup>th</sup> year since its established on September 20, 1973.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The national park is planning to organize various programmes throughout the year to mark its golden jubilee. The inauguration of the golden jubilee celebration will be held at Kasara within the premises of the national park, informed Ganesh Prasad Tiwari, information officer of the park.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The national park will launch a journal on the occasion of the golden jubilee. There are also plans to unveil a golden pillar and organize a programme to display the cultures of Bote, Kumal, Tharu, Gurung, Magar, Tamang, Daire and other ethnic communities that live in the buffer zone of the national park.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Chitwan National Park is spread over an area of 952.63 square kilometers. This park was listed in the UNESCO World Heritage Site in 1984 and is famed for its rich flora and fauna including rhinocero, the Royal Bengal Tiger, bison, sloth bear, leopard, barking deer, spotted deer, sambar deer, monkey, langur, laguna among 60 species of mammals found in this park.</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"">Visitors can also find alligators and crocodiles as well as pythons and around 540 species of resident and migratory birds in this national park.</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"">According to Chief Conservation Officer of the national park Hari Bhadra Acharya, the Sal tree (Shorea Robusta) makes up 70 percent of the forest area of the national park. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Chitwan National Park was listed in the UNESCO World Heritage Site for the role it played in protection of these diverse flora and fauna including some endangered wild animals.</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"">Due to the conservation of endangered animals, the number of Royal Bengal Tiger in the national park has reached 128 while the number of rhinoceros has climbed to 694. None of the rhinos in the national park have been killed in poaching incidents in the last one year.</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"">This national park falls in Bagmati Province, Madhes Province and Gandaki Province. There is one metropolitan city, eight municipalities and three rural municipalities within the national park area. More than 250000 people live in the those local units. Fifty percent of the revenue collected by the national park is spent on conservation of the buffer zone as well as for the education and infrastructure of the people living in the buffer zone.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The National Park Office informed the state-owned RSS that more than Rs 1 billion has been spent on the buffer zone so far. Chairman of the CNP Buffer Zone Management Committee Prakash Dhungana says that the establishment of the buffer zone some two and a half decades ago has helped in reducing the human-wildlife conflict and preservation of the flora and fauna. He said that the people living in buffer zone are facing problems due to the outdated laws and urged the concerned bodies to address this issue by amending the laws.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-15', 'modified' => '2022-09-15', 'keywords' => '', 'description' => '', 'sortorder' => '15746', 'image' => '20220915044159_20220613080155_Chitwan 3.jpg', 'article_date' => '2022-09-15 16:41:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
