September 11: Stakeholders have complained that the government has been ignoring the ready-made garment industry of Nepal.…
September 11: Stakeholders have complained that the government has been ignoring the ready-made garment industry of Nepal.…
September 11: A total of 41 percent of the population has got access to insurance as of mid-August 2022.…
September 11: The Nepal Infrastructure Summit 2022 concluded on…
September 11: Minister for Forest and Environment Pradeep Yadav has stressed on the need to develop green economy.…
September 11: Rice traders of Bara and Parsa industrial corridor have said the 20 percent customs duty on export of rice and paddy imposed by India would have direct impact on the Nepali…
September 10: Premier IB Continuum School marked the International Literacy Day 2022 on Thursday by organising a literature festival alongside a food…
September 9: Sauraha, one of the preferred tourist destinations of the country that was affected by Covid-19, is about to return back to…
September 9: Nabil Bank has signed an agreement with Unilever Nepal regarding cooperation for channel financing facilities between the bank and the…
September 9: Samsung has unveiled 'Samsung Galaxy A13', which is the most affordable phone in Samsung's A series portfolio as informed by the…
September 9: Yamaha Nepal, the official distributor of Yamaha for Nepal, has introduced a jumbo plan called 'Yamaha Festive Hat trick'.…
September 9: The government has decided to provide concession on customs tariff on the import of various…
September 9: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has admitted that the ban imposed by the government on the import of various goods has increased smuggling of goods into the…
September 9: The Kathmandu valley recorded 46 millimeters of rainfall in three hours today (September…
September 9: The government has prepared a draft to amend the 'Export Subsidy Procedure 2075' proposing a minimum of 4 percent cash subsidy for the export of various…
September 9: Indra Jatra, the festival of rain and good harvest, is being observed today with much fanfare in the Kathmandu…
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 11: Stakeholders have complained that the government has been ignoring the ready-made garment industry of Nepal. The ready-made garment manufacturers of the country made such remark during the 28<sup>th</sup> Annual General Assembly of Nepal Ready-made Garment Industry Association. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking on the occasion, Senior Vice President of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) Chandra Prasad Dhakal said that the government has not given as much priority to the ready-made garment industry as it used to give some 30 to 35 years ago. He is of the view that the garment industry can contribute a lot to the economy if the government gives as much priority to this sector as it used to give about three decades ago.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">President of the association Chandi Prasad Aryal said that the government’s apathy has led to the downfall of the readymade garment industry which once exported goods worth USD 400 million a year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the association, Nepal’s annual export of ready-made goods in the fiscal year 2020/21 was worth Rs 5.31 billion. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Bangladesh, which started exporting ready-made garment around the same time along with Nepal, exported goods worth Rs 35 billion during fiscal year 2020/21, said Aryal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He urged the government to develop infrastructure to make the ready-made garment industry more competitive in the market. He said that the concerned ministry as well as prime minister and other concerned bodies are always supportive to their demands but they fail to implement them. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We were given assurance by three different prime ministers to resolve our problems but none of them fulfilled their promises,” said Aryal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Aryal said that the private sector organisations like FNCCI, the Confederation of Nepalese Industry and the Nepal Chamber of Commerce have also turned a deaf ear to the problems of the ready-made garment industry. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Senior Vice President of NCC Kamalesh Agrawal said that it was unfortunate that the export of ready-made garments did not increase even when then value of Nepalese currency depreciated by ten percent. He urged the government to promote this industry by concessions and other facilities. He said that Nepal cannot avail the facilities given to the least developed countries after 2026 and therefore urged the government to initiate bilateral talks with foreign countries based on export potential to ensure Nepal’s access to the international market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister for Industry, Commerce and Supplies Dilendra Prasad Badu, who was the chief guest of the programme, said that he will work with sincerity to prove the misconception of the private sector regarding the government wrong.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“You might have been complaining based on your past experience. But I will prove it wrong,” said Minister Badu.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15714', 'image' => '20220911034930_1662888877.tayari.jpg', 'article_date' => '2022-09-11 15:48:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15972', 'article_category_id' => '1', 'title' => '41 Percent Population has Access to Insurance', 'sub_title' => '', 'summary' => 'September 11: A total of 41 percent of the population has got access to insurance as of mid-August 2022. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">September 11: A total of 41 percent of the population has got access to insurance as of mid-August 2022. The Insurance Board informed that the interest in insurance is growing among the general public because of the expansion of services of insurance companies and the increase in access due to new schemes.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data published by the board, by mid-August 2022, 41.15 percent of the total population has been included in the insurance schemes of insurance companies. Compared to mid-August 2021, access to insurance among the people has increased by 13.64 percentage points. During the corresponding period of last fiscal year, only 27.51 percent of people had access to insurance.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The Insurance Board published the status of access to insurance based on the data collected from insurance companies including term insurance, short term insurance and foreign employment insurance. If the term insurance, short-term insurance and foreign employment life insurance are not included, the access to insurance is limited to just 16.68 percent. Similarly, the access to insurance is 38.26 percent based on the data other than foreign employment life insurance policy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Despite the increase in access to insurance, the lack of liquidity in the financial sector has started affecting the business of insurance companies. Due to the lack of liquidity, the sale of insurance policies and the collection of insurance premiums of the insurance companies are getting affected.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Statistics of the board show that the number of non-life insurance policies decreased by 8.35 percent in mid-August 2022 compared to the corresponding period of last fiscal year. In mid-August 2021, non-life insurance companies had issued 241,837 insurance policies, which dropped to 221,642 by mid-August 2022.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Although the number of non-life insurance policies have declined, the number of life insurance policies is on the rise. By mid-August 2022, life insurance companies issued a total of 13,089,486 life insurance policies, which were only 8,587,044 in mid-August 2021. Life insurance policies increased by 52.43 percent in a single year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Despite the increase in life insurance policies, the collection of insurance premium of the companies has been affected. The collection of insurance premiums of life insurance companies increased by 9.35 percent, while that of non-life companies increased by 49.68 percent. Compared to mid-August 2021, the total collection of insurance premium of all the insurance companies in mid-August 2022 decreased by 0.34 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data, by mid-August of the current year, insurance companies collected Rs 19.53 billion, which was Rs 19.60 billion in the same period of last year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The board informed that by mid-August 2022, the number of offices and employees of insurance companies increased as well. Compared to last year, the number of branch offices increased by 9.57 percent and reached 3,363. Similarly, the number of employees working in insurance companies increased by 8.56 percent and reached 11,530.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15713', 'image' => '20220911020959_Insurance.jpg', 'article_date' => '2022-09-11 14:09:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15971', 'article_category_id' => '1', 'title' => 'Nepal Infrastructure Summit Concludes', 'sub_title' => '', 'summary' => 'September 11: The Nepal Infrastructure Summit 2022 concluded on Friday.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 11: The Nepal Infrastructure Summit 2022 concluded on Friday. Various issues ranging from roads, railways, and tunnels to industrial infrastructure were discussed during the summit.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The 2-day summit held in Kathmandu stressed on the need to set priorities and raise financial resources. On the second day of the conference on Friday, Finance Minister Janardan Sharma said that it is necessary to increase savings to increase domestic investment.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Speaking at the summit which was jointly organized by the Ministry of Physical Infrastructure and Transport and the Confederation of Nepal Industries (CNI), Minister Sharma said that if 90 per cent of the income is spent there will be no savings.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He also informed that capital market and insurance are going to be linked to infrastructure development with the intention to utilize internal resources for construction. Similarly, Minister for Communication and Information Technology Gyanendra Bahadur Karki said that we should work to make Nepal prosperous in 10 years. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"We will have to invest up to 9 per cent of the gross domestic product to build infrastructure," said Karki, adding "The government alone cannot invest in the infrastructure, and we are ready to create an environment for the private sector to invest in infrastructure."</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Umesh Shrestha, minister of state at the Office of the Prime Minister and Council of Ministers, emphasized that the thinking of the political leadership and government employees should be changed in order to develop the country.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bindu Lohani, former vice president of the Asian Development Bank, said Nepal’s investment in the infrastructure sector in proportion to the gross domestic product is the lowest in the Asia Pacific region.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Similarly, Deputy Governor of Nepal Rastra Bank Bam Bahadur Mishra said that it is not possible to invest long-term loans from bank deposits of unstable nature and emphasized that funds must be raised from other sources including debentures. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"We have made a policy arrangement to keep the interest rate of long-term investment stable," Mishra said, adding "We are trying to create a big bank so that we can invest in big infrastructure projects and arrangements have been made to issue 100 per cent of core capital bonds," said Mishra.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">On that occasion, CNI Chairman Bishnu Agarwal said that the summit witnessed intensive discussions on how to build large infrastructure and ways to reduce the cost of business operations by building industrial infrastructure.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He expressed his commitment to take all the suggestions to the regulatory bodies and complete the work to be done on behalf of the private sector. Likewise, he added that many suggestions were received at the summit on how to build infrastructure in the changed context after the coronavirus pandemic.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15712', 'image' => '20220911010405_1662848947.Clipboard05.jpg', 'article_date' => '2022-09-11 13:03:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15970', 'article_category_id' => '1', 'title' => 'Forest Minister Bats for Green Development', 'sub_title' => '', 'summary' => 'September 11: Minister for Forest and Environment Pradeep Yadav has stressed on the need to develop green economy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 11: Minister for Forest and Environment Pradeep Yadav has stressed on the need to develop green economy. Speaking at the Nepal Infrastructure Summit-2022 organised by the Confederation of Nepalese Industries, Minister Yadav said that the country needs to adopt a framework to develop green economy in order to achieve development goals through minimum impact to the environment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Developing infrastructure by minimizing impacts on environment is the basis of green development. We need to develop a model for development based on green economy,” said Minister Yadav, adding, “This will ensure development and also protect environment.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The focus of all local units and provincial governments during the last five years was infrastructure development, said Minister Yadav adding that all three tiers of government must now focus on green development. He further s aid that the Covid- 19 pandemic has also taught the same lesson. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The minister said that infrastructure development is the pre-requisite for development of human civilization and economic prosperity. He added that infrastructure development plays a vital role in making human lives comfortable. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The development of Nepal is negligible in terms of quantity and standard compared to the international level. Therefore, infrastructure development must be our first priority for economic prosperity,” said Minister Yadav.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He also said that the stakeholders need to pay special attention in preserving endangered flora and fauna while developing infrastructure in national parks and protected areas. Failing to do so will not ensure sustainable development, said Minister Yadav.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister Yadav added that the Government of Nepal has set an ambitious plan of generating 15000 megawatts of electricity by 2030 and this will serve as a strong basis of green development.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He argued that the country can achieve prosperity if we stress on e-mobility for the operation of transportation and railway services.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister Yadav claimed that the government has already achieved the target of expanding forest areas to 45 percent of the country which was supposed to be met by 2030. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15711', 'image' => '20220911120913_go8922.jpg', 'article_date' => '2022-09-11 12:08:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15969', 'article_category_id' => '1', 'title' => 'Rice Mills of Nepal in Crisis after India Imposes 20 Percent Customs Duty on Exports', 'sub_title' => '', 'summary' => 'September 11: Rice traders of Bara and Parsa industrial corridor have said the 20 percent customs duty on export of rice and paddy imposed by India would have direct impact on the Nepali market. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 11: Rice traders of Bara and Parsa industrial corridor have said the 20 percent customs duty on export of rice and paddy imposed by India would have direct impact on the Nepali market. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Organizing a press conference in Birgunj on Friday, the Birgunj Chamber of Commerce and Industry said that India recently fixed 20 percent customs duty on the export of paddy and rice. Prior to this, there wasn’t any customs duty on the export of rice and paddy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The chamber said that the 20 percent customs duty imposed by India on rice and paddy export will hit the industries, consumers and the economy of Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal Rice, Oil, Lentil Industries Association’s President Dr Subodh Gupta said India's latest decision is not fair for the industries, traders, consumers and the market of Nepal. Gupta is also the president of Birgunj Chamber of Commerce and Industry. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Another rice trader Suresh Rungta expressed concern that the consumers would be hit hardest due to the customs tariff imposed by India on paddy and rice export. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gupta was worried that this drastic decision of India might lead to a situation in which the rice mills in Nepal will be closed and called on the government to address the problem at the earliest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal has been importing rice worth over Rs 8 billion annually from India. Nepal imported 550,000 metric tonnes of paddy, 520,000 metric tonnes of rice and 50,000 metric tonnes of rice grits from India last year alone. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There are around 2,500 rice industries registered across the country and half of these are already closed. Even those rice industries which are operating are not operating in full capacity due to various reasons. The rice industries of Nepal have been producing 40 percent rice and the rest of the demand is met through imports from India. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15710', 'image' => '20220911105024_640px-Rice_Plants_(IRRI).jpg', 'article_date' => '2022-09-11 10:49:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15968', 'article_category_id' => '1', 'title' => 'Premier IB Continuum School marks International Literacy Day', 'sub_title' => '', 'summary' => 'September 10: Premier IB Continuum School marked the International Literacy Day 2022 on Thursday by organising a literature festival alongside a food fest.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 10: Premier IB Continuum School marked the International Literacy Day 2022 on Thursday by organising a literature festival alongside a food fest. The school said in a statement that “the wide array of activities, that celebrated international and national literature, kept the students and visitors engaged throughout the day.” </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the statement, international authors and illustrators including Sally Alstchuler from Denmark, Maria Amelia Jannarelli from Brazil, Lawrence Shimel from Spain and Sassa Buregren from Sweden interacted with students online on a wide variety of subjects. The topics discussed during the online interaction were reading and writing on different themes, how to select a book according to grade level, opportunities and challenges of developing books for children and young adults in the context of developing countries, and much more, added the statement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Besides the international exposure, students got to interact with local celebrities and authors/illustrators through in-person discussions, workshops, and panel discussions,” reads the statement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Some notable examples, according to the school, were a session on music, literature, and social change by popular singer-songwriter Samriddhi Rai, session on understanding poetry by celebrated poet, Viplov Pratik, interesting illustration sessions that encompassed both the historic, mythological and modern by Dhruba Prajapati and Binita Buddhacharya, and an engaging panel discussion on “The art of telling stories through movies’ that included Gaurav Pahari, Bijay Baral, Hem Raj BC. The panel discussion was moderated by Sujan Oli. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The school’s Director Pawitra Limbu had an engaging session with parents on “Bonding with Books”. Also, around 90 students and teachers from Harisiddhi Madhyamik Vidyalaya, Harisiddhi, Prabhat Madhyamik Vidyalaya, Gwarko, and Namuna Machhindra Madhyamik Vidyalaya attended the festival. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the statement, a range of food stalls served delicacies that “everyone enjoyed”. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“One USP of the event was that students could discover that literature and stories are everywhere – in the history of food, music, drama, and movies – and not just limited to books. With enthusiastic involvement and participation of students, parents, special invitees, and partners, this was a day to remember,” added the statement.</span></span></p> ', 'published' => true, 'created' => '2022-09-10', 'modified' => '2022-09-10', 'keywords' => '', 'description' => '', 'sortorder' => '15709', 'image' => '20220910103112_aaaaa.jpg', 'article_date' => '2022-09-10 10:30:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15967', 'article_category_id' => '1', 'title' => 'Sauraha's Tourism Business Returning Back on Track', 'sub_title' => '', 'summary' => 'September 9: Sauraha, one of the preferred tourist destinations of the country that was affected by Covid-19, is about to return back to normalcy.', '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 9: Sauraha, one of the preferred tourist destinations of the country that was affected by Covid-19, is about to return back to normalcy. Tourism entrepreneurs, who have been affected by the pandemic for a long time, are hoping that arrival of tourists will increase as the festive season approaches. They are also announcing discount packages targeting the festivals.</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"">Deepak Bhattarai, president of the Regional Hotel Association Nepal, Sauraha, said that foreign tourists along with domestic tourists have also started arriving of late. According to him, the tourism business of Sauraha has started to flourish for some time and now domestic tourists are flocking to the hotels, pubs and restaurants.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Bhattarai informed that as the festive season approaches, internal and external tourists have started booking hotels and the businessmen are enthusiastic as tourists have started coming.</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"">"Covid-19 pandemic has affected not only Chitwan, but the tourism sector of entire Nepal," he said, adding, "We had to close the hotel for almost two years, now we are gradually operating the hotels." Bhattarai said that 200,000 domestic and foreign tourists visited Sauraha last year alone.</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"">"Now the tourism sector is gradually catching up. The festival has started and the number of tourists will increase," said Bhattarai.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Yogesh Adhikari, vice president of the regional hotel association Sauraha, said that foreign tourists have not come even though the season has started. He said, "Until Chinese tourists arrive, the tourism sector will not pick up pace." </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to him, Indian tourists have arrived here since for some time, but not like before the pre-pandemic period.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15708', 'image' => '20220909043430_Chitwan-sunset-sauraha-nepal.jpg', 'article_date' => '2022-09-09 16:33:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15964', 'article_category_id' => '266', 'title' => 'Agreement between Nabil Bank and Unilever', 'sub_title' => '', 'summary' => 'September 9: Nabil Bank has signed an agreement with Unilever Nepal regarding cooperation for channel financing facilities between the bank and the company.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 9: Nabil Bank has signed an agreement with Unilever Nepal regarding cooperation for channel financing facilities between the bank and the company. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Chief Executive Officer of Nabil Bank, Gyanendra Prasad Dhungana and Managing Director of Unilever Nepal, Amlan Mukherjee signed the agreement on behalf of their respective organisations.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Senior Deputy Chief Executive Officer of the bank Sujit Kumar Shakya, Head of SME and Microfinance Niraj Basnet, Chief Distributor of Unilever Nepal and others were present on the occasion.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the signing of the agreement, Unilever handed over the letter of recommendation for the channel financing facility to its three distributors. With the implementation of the agreement, businessmen associated with Unilever Nepal will get loans through all branches of the bank at attractive interest rates to expand their business as channel partners.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15707', 'image' => '20220909041141_Nabil_unilever_1-1.jpg', 'article_date' => '2022-09-09 16:10:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15965', 'article_category_id' => '266', 'title' => 'Samsung Unveils A13', 'sub_title' => '', 'summary' => 'September 9: Samsung has unveiled 'Samsung Galaxy A13', which is the most affordable phone in Samsung's A series portfolio as informed by the company.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 9: Samsung has unveiled 'Samsung Galaxy A13', which is the most affordable phone in Samsung's A series portfolio as informed by the company. The company added that this phone is more accessible in terms of high quality and cutting-edge technology. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">It has a quad camera setup, long lasting battery, large screen and space for expandable storage. The company informed that this phone is the best option to meet the demands of creators who want to produce quality content using the phone.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Samsung Galaxy A13 is said to have all the high-end features for young creators, including high-resolution photography, a crisp display and a processor. On top of the quad camera is a 50 MP main camera, which includes a 5 MP ultrawide, 2 MP depth and macro sensors. There are 5 MP sensors in the front and the price of this phone is Rs 21,429.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15706', 'image' => '20220909041500_samsung.jpg', 'article_date' => '2022-09-09 16:14:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15966', 'article_category_id' => '266', 'title' => 'Yamaha Festive Hat-Trick Offer', 'sub_title' => '', 'summary' => 'September 9: Yamaha Nepal, the official distributor of Yamaha for Nepal, has introduced a jumbo plan called 'Yamaha Festive Hat trick'. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 9: Yamaha Nepal, the official distributor of Yamaha for Nepal, has introduced a jumbo plan called 'Yamaha Festive Hat trick'. The company said that this scheme, which started on Tuesday, will be applicable on the purchase of any Yamaha bike and scooter.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the company, under 'Yamaha Festive Hat trick' scheme, there is an instant sure-shot gift of Rs 6,000 on purchase of any Yamaha bike or scooter. Similarly, the company informed that three people can win a 50-inch Hisense smart TV every day through a lucky draw.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">In addition, for those who want to buy a Yamaha bike or scooter, the company has introduced a more convenient process. As per the company, those who want to buy a Yamaha bike or scooter under this scheme will not have to go through the long process as before. The customer can complete all financial procedures within 30 minutes by showing a limited number of documents.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Raju Chhetri, Chief Executive Officer of Yamaha Nepal said, “We are confident that the Yamaha Festive Hat trick scheme will meet the expectations of the customers.” This scheme, which will be implemented until the upcoming Chhath festival, will be run in all Yamaha showrooms across Nepal.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15705', 'image' => '20220909041945_yamaha-offer.jpg', 'article_date' => '2022-09-09 16:19:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15963', 'article_category_id' => '1', 'title' => 'Government Changes Tax Rates of Various Goods ', 'sub_title' => '', 'summary' => 'September 9: The government has decided to provide concession on customs tariff on the import of various goods.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 9: The government has decided to provide concession on customs tariff on the import of various goods. The Ministry of Finance informed through a notice in the Nepal Gazettee that the tax rates on the import of various goods have been changed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, 90 per cent concession will be provided on the customs tariff on import of crude soybean oil, palm oil and sunflower oil. Revenue Secretary Rameshwoar Dangal said the industries which were given 50 percent concession on the import of sunflower seeds for extracting sunflower oil will instead be given 90 percent concession. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This new provision also applies for the import of soybean seeds for the production of oil and oilcake from it. Earlier, the industries importing soybean seeds for this purpose used to get 50 percent concession on import of soybean seeds but now they will get 90 percent concession. Similarly, 90 percent concession will be provided on customs tariff on the import of mustard, spinach, canola and rapeseed seeds. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A 15 percent customs tariff has been imposed on the import of spring steel wire which the industries producing optical fibre cable use as raw material. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the provision requiring cooperatives to pay 15 percent income tax on transactions, except those enjoying tax concessions, carried out within the metropolitan city area and of seven percent within the then municipality area has been removed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, cooperatives operating within the municipality area will get 5 percent concession, those operating within the sub-metropolitan city area will get 7 percent concession and those run within the metropolis area will be given 10 percent concession on income tax. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, arrangements have been made for keeping the customs tariff of wire and iron rod at 5 percent. Also, the excise duty on the import of raw materials of sanitary pad has been removed now. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15704', 'image' => '20220909040122_taxxxxx.jpg', 'article_date' => '2022-09-09 16:00:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15962', 'article_category_id' => '1', 'title' => 'Minister Badu Admits Rise in Smuggling due to Government-Imposed Ban', 'sub_title' => '', 'summary' => 'September 9: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has admitted that the ban imposed by the government on the import of various goods has increased smuggling of goods into the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 9: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has admitted that the ban imposed by the government on the import of various goods has increased smuggling of goods into the country. It may be noted that the private sector had been saying that the government’s policy of imposing ban on several kinds of goods has encouraged smuggling. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During a programme organized at the ministry on Thursday to make public the achievements made by the ministry in five months since Badu took charge of the ministry, Badu accepted the fact that banned goods were entering the country through illegal channels.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We imposed a ban on few goods after analyzing the country’s economy. It has had a positive impact but the entry of goods through illegal channel continued unabated,” said Minister Badu, adding, “We received reports that the illegal entry of goods caused us a loss in revenue collection. We are studying the matter.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The minister clarified that the ban has not been imposed permanently but will be lifted gradually as per the need. He said that the ban will be lifted on condition that the foreign exchange reserves of the country improves.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government has already lifted the ban on import of six out of ten items that were banned on April 26. Minister Badu said that the government is currently studying whether it would be appropriate to lift the ban on the remaining four items or not.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On the other hand, the private sector has been maintaining that the ban imposed by the government has given a good opportunity to the smugglers. They say that all items banned by the government except motorbikes and four-wheelers are entering the country unabated through illegal channels.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had banned goods including cars, jeeps, van and motorcycles of more than 250 cc capacity for personal use along with smartphones worth more than USD 600, diamond, ready-made liquor, tobacco products except industrial raw materials, chips like Lays and Kurkure, playing cards, toys, and television sets bigger than 32 inches. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government later revised the provision related to import of motorcycle and smartphones and imposed a ban on import of motorcycles above 150 cc and smartphones worth more than USD 300.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government has already lifted the ban on all goods except car, jeeps, vans, motorcycles, smartphones and readymade liquor.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15703', 'image' => '20220909034048_cus1658176227182.jpg', 'article_date' => '2022-09-09 15:40:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15961', 'article_category_id' => '1', 'title' => 'Kathmandu Valley Received 46 mm Rainfall in Three Hours Today ', 'sub_title' => '', 'summary' => 'September 9: The Kathmandu valley recorded 46 millimeters of rainfall in three hours today (September 9).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 9: The Kathmandu valley recorded 46 millimeters of rainfall in three hours today (September 9). According to meteorologist Manju Basi of the Meteorological Forecasting Division, the valley witnessed rainfall since today morning. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Bara received the highest 112 mm of rainfall. According to Basi, Kathmandu valley and adjoining areas received rainfall today which it is likely to continue for the next few days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The valley witnessed intermittent heavy rainfall at some locations. Singha Durbar, Maitighar, Putalisadak, Ratnapark and Tripureshwar areas were hit by heavy downpour for a brief time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the division, the axis of monsoon trough is towards the south from the average location, resulting in partly to generally cloudy weather and rainfall across the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tonight, the weather will be partly to generally cloudy in the hill areas of the country and partly cloudy in the rest of the country. The division has predicted light to moderate rainfall with thunder and lightning at a few places of the hill region of the country. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15702', 'image' => '20220909030626_20210701052135_20200511091310_Storm.jpg', 'article_date' => '2022-09-09 15:05:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15960', 'article_category_id' => '1', 'title' => 'Minimum 4 Percent Cash Subsidy for Exports', 'sub_title' => '', 'summary' => 'September 9: The government has prepared a draft to amend the 'Export Subsidy Procedure 2075' proposing a minimum of 4 percent cash subsidy for the export of various goods.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 9: The government has prepared a draft to amend the 'Export Subsidy Procedure 2075' proposing a minimum of 4 percent cash subsidy for the export of various goods. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Ministry of Industry, Commerce and Supplies prepared the draft in line with the announcement made in the budget of the current fiscal year (2022/23) to increase the cash subsidy up to 8 percent. Accordingly, the minimum limit of the subsidy given for exports has been fixed at 4 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The ministry prepared the draft to provide subsidy for the export of 29 different items and has submitted it to the Ministry of Finance. According to sources, the 29 items included in the list will get subsidies of 4 to 5 percent. IT-based industries and business outsourcing services will not receive subsidies.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Sources informed that the share of cash subsidy will be increased for items that will receive a collective trademark. The maximum limit for export subsidy is 8 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“However, we have not drafted a procedure to give 8 percent to any specific item. The subsidy limit will decrease based on criteria such as the quantity of raw materials, ie, value addition, collective trademark and whether or not exports have increased this year compared to last year,” said the source.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">An official of the ministry said that the procedure is being prepared so that the export can be increased with government subsidies which will be gradually be increased to 8 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> “Eight percent cash subsidy will not be given all at once, because the subsidy should be progressive and also serve as an encouragement for increasing exports,” said the official, adding, “However, cash subsidy for export of services will not be provided as per the budget announcement.” </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">As the country’s trade deficit is increasing, the government has been giving subsidies to encourage export-oriented industries and increase production. Items currently exported from Nepal including processed tea, processed coffee, handicraft and wooden products, processed leather (crust) and leather products, handmade paper and products made from it, processed herbs and essential oils, processed stones and jewelry with stones, allo products, mineral water, turmeric, vegetables, flowers, processed honey, processed cardamom and processed ginger get cash subsidy.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Similarly, domestically-produced garments, ready-made garments, carpets, mountain goat, pashmina fabric, indigenously processed jute and jute products, gold and silver jewelry, semi-processed leather, pharmaceuticals, felt, polyester/yarn/fiber, viscose yarn/acrylic yarn/cotton, copper goods and footwear are also included in the items entitled to receive subsidy. Cement, clinker, steel are also included in the list to get subsidy from this year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15701', 'image' => '20220909013303_subsidy.jpg', 'article_date' => '2022-09-09 13:32:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15959', 'article_category_id' => '1', 'title' => 'Indra Jatra Festival Being Celebrated Today ', 'sub_title' => '', 'summary' => 'September 9: Indra Jatra, the festival of rain and good harvest, is being observed today with much fanfare in the Kathmandu valley. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 9: Indra Jatra, the festival of rain and good harvest, is being observed today with much fanfare in the Kathmandu valley. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The festival that falls on the eve of the full moon day in the month of Bhadra (mid-August to mid-September) is especially marked in Kathmandu, Lalitpur, Bhaktapur, Dhulikhel, Dolakha and some other districts. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The festival begins with the erection of lingo, a sacred wooden pole, in front of Hanumanthodka on the eleventh day of the waxing moon in mid-August to mid-September with religious processions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The eight-day festival is dedicated to Lord Indra – the god of rain. Various ceremonies and processions take place during the festival and it concludes with series of ceremonies, including Lakhe Naach. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As part of the festival, the wooden pole brought from Bhaktapur is installed on the chariot at Hanumandhoka. The chariot procession, a major part of the festival, involves towing of a big chariot of Kumari and two smaller chariots of Ganesh and Bhairab along the thoroughfares of the city. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15700', 'image' => '20220909091416_20180920035728_indra jatra.jpg', 'article_date' => '2022-09-09 09:13:34', '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
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 11: Stakeholders have complained that the government has been ignoring the ready-made garment industry of Nepal. The ready-made garment manufacturers of the country made such remark during the 28<sup>th</sup> Annual General Assembly of Nepal Ready-made Garment Industry Association. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking on the occasion, Senior Vice President of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) Chandra Prasad Dhakal said that the government has not given as much priority to the ready-made garment industry as it used to give some 30 to 35 years ago. He is of the view that the garment industry can contribute a lot to the economy if the government gives as much priority to this sector as it used to give about three decades ago.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">President of the association Chandi Prasad Aryal said that the government’s apathy has led to the downfall of the readymade garment industry which once exported goods worth USD 400 million a year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the association, Nepal’s annual export of ready-made goods in the fiscal year 2020/21 was worth Rs 5.31 billion. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Bangladesh, which started exporting ready-made garment around the same time along with Nepal, exported goods worth Rs 35 billion during fiscal year 2020/21, said Aryal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He urged the government to develop infrastructure to make the ready-made garment industry more competitive in the market. He said that the concerned ministry as well as prime minister and other concerned bodies are always supportive to their demands but they fail to implement them. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We were given assurance by three different prime ministers to resolve our problems but none of them fulfilled their promises,” said Aryal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Aryal said that the private sector organisations like FNCCI, the Confederation of Nepalese Industry and the Nepal Chamber of Commerce have also turned a deaf ear to the problems of the ready-made garment industry. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Senior Vice President of NCC Kamalesh Agrawal said that it was unfortunate that the export of ready-made garments did not increase even when then value of Nepalese currency depreciated by ten percent. He urged the government to promote this industry by concessions and other facilities. He said that Nepal cannot avail the facilities given to the least developed countries after 2026 and therefore urged the government to initiate bilateral talks with foreign countries based on export potential to ensure Nepal’s access to the international market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister for Industry, Commerce and Supplies Dilendra Prasad Badu, who was the chief guest of the programme, said that he will work with sincerity to prove the misconception of the private sector regarding the government wrong.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“You might have been complaining based on your past experience. But I will prove it wrong,” said Minister Badu.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15714', 'image' => '20220911034930_1662888877.tayari.jpg', 'article_date' => '2022-09-11 15:48:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15972', 'article_category_id' => '1', 'title' => '41 Percent Population has Access to Insurance', 'sub_title' => '', 'summary' => 'September 11: A total of 41 percent of the population has got access to insurance as of mid-August 2022. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">September 11: A total of 41 percent of the population has got access to insurance as of mid-August 2022. The Insurance Board informed that the interest in insurance is growing among the general public because of the expansion of services of insurance companies and the increase in access due to new schemes.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data published by the board, by mid-August 2022, 41.15 percent of the total population has been included in the insurance schemes of insurance companies. Compared to mid-August 2021, access to insurance among the people has increased by 13.64 percentage points. During the corresponding period of last fiscal year, only 27.51 percent of people had access to insurance.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The Insurance Board published the status of access to insurance based on the data collected from insurance companies including term insurance, short term insurance and foreign employment insurance. If the term insurance, short-term insurance and foreign employment life insurance are not included, the access to insurance is limited to just 16.68 percent. Similarly, the access to insurance is 38.26 percent based on the data other than foreign employment life insurance policy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Despite the increase in access to insurance, the lack of liquidity in the financial sector has started affecting the business of insurance companies. Due to the lack of liquidity, the sale of insurance policies and the collection of insurance premiums of the insurance companies are getting affected.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Statistics of the board show that the number of non-life insurance policies decreased by 8.35 percent in mid-August 2022 compared to the corresponding period of last fiscal year. In mid-August 2021, non-life insurance companies had issued 241,837 insurance policies, which dropped to 221,642 by mid-August 2022.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Although the number of non-life insurance policies have declined, the number of life insurance policies is on the rise. By mid-August 2022, life insurance companies issued a total of 13,089,486 life insurance policies, which were only 8,587,044 in mid-August 2021. Life insurance policies increased by 52.43 percent in a single year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Despite the increase in life insurance policies, the collection of insurance premium of the companies has been affected. The collection of insurance premiums of life insurance companies increased by 9.35 percent, while that of non-life companies increased by 49.68 percent. Compared to mid-August 2021, the total collection of insurance premium of all the insurance companies in mid-August 2022 decreased by 0.34 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data, by mid-August of the current year, insurance companies collected Rs 19.53 billion, which was Rs 19.60 billion in the same period of last year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The board informed that by mid-August 2022, the number of offices and employees of insurance companies increased as well. Compared to last year, the number of branch offices increased by 9.57 percent and reached 3,363. Similarly, the number of employees working in insurance companies increased by 8.56 percent and reached 11,530.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15713', 'image' => '20220911020959_Insurance.jpg', 'article_date' => '2022-09-11 14:09:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15971', 'article_category_id' => '1', 'title' => 'Nepal Infrastructure Summit Concludes', 'sub_title' => '', 'summary' => 'September 11: The Nepal Infrastructure Summit 2022 concluded on Friday.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 11: The Nepal Infrastructure Summit 2022 concluded on Friday. Various issues ranging from roads, railways, and tunnels to industrial infrastructure were discussed during the summit.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The 2-day summit held in Kathmandu stressed on the need to set priorities and raise financial resources. On the second day of the conference on Friday, Finance Minister Janardan Sharma said that it is necessary to increase savings to increase domestic investment.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Speaking at the summit which was jointly organized by the Ministry of Physical Infrastructure and Transport and the Confederation of Nepal Industries (CNI), Minister Sharma said that if 90 per cent of the income is spent there will be no savings.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He also informed that capital market and insurance are going to be linked to infrastructure development with the intention to utilize internal resources for construction. Similarly, Minister for Communication and Information Technology Gyanendra Bahadur Karki said that we should work to make Nepal prosperous in 10 years. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"We will have to invest up to 9 per cent of the gross domestic product to build infrastructure," said Karki, adding "The government alone cannot invest in the infrastructure, and we are ready to create an environment for the private sector to invest in infrastructure."</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Umesh Shrestha, minister of state at the Office of the Prime Minister and Council of Ministers, emphasized that the thinking of the political leadership and government employees should be changed in order to develop the country.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bindu Lohani, former vice president of the Asian Development Bank, said Nepal’s investment in the infrastructure sector in proportion to the gross domestic product is the lowest in the Asia Pacific region.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Similarly, Deputy Governor of Nepal Rastra Bank Bam Bahadur Mishra said that it is not possible to invest long-term loans from bank deposits of unstable nature and emphasized that funds must be raised from other sources including debentures. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"We have made a policy arrangement to keep the interest rate of long-term investment stable," Mishra said, adding "We are trying to create a big bank so that we can invest in big infrastructure projects and arrangements have been made to issue 100 per cent of core capital bonds," said Mishra.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">On that occasion, CNI Chairman Bishnu Agarwal said that the summit witnessed intensive discussions on how to build large infrastructure and ways to reduce the cost of business operations by building industrial infrastructure.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He expressed his commitment to take all the suggestions to the regulatory bodies and complete the work to be done on behalf of the private sector. Likewise, he added that many suggestions were received at the summit on how to build infrastructure in the changed context after the coronavirus pandemic.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15712', 'image' => '20220911010405_1662848947.Clipboard05.jpg', 'article_date' => '2022-09-11 13:03:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15970', 'article_category_id' => '1', 'title' => 'Forest Minister Bats for Green Development', 'sub_title' => '', 'summary' => 'September 11: Minister for Forest and Environment Pradeep Yadav has stressed on the need to develop green economy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 11: Minister for Forest and Environment Pradeep Yadav has stressed on the need to develop green economy. Speaking at the Nepal Infrastructure Summit-2022 organised by the Confederation of Nepalese Industries, Minister Yadav said that the country needs to adopt a framework to develop green economy in order to achieve development goals through minimum impact to the environment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Developing infrastructure by minimizing impacts on environment is the basis of green development. We need to develop a model for development based on green economy,” said Minister Yadav, adding, “This will ensure development and also protect environment.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The focus of all local units and provincial governments during the last five years was infrastructure development, said Minister Yadav adding that all three tiers of government must now focus on green development. He further s aid that the Covid- 19 pandemic has also taught the same lesson. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The minister said that infrastructure development is the pre-requisite for development of human civilization and economic prosperity. He added that infrastructure development plays a vital role in making human lives comfortable. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The development of Nepal is negligible in terms of quantity and standard compared to the international level. Therefore, infrastructure development must be our first priority for economic prosperity,” said Minister Yadav.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He also said that the stakeholders need to pay special attention in preserving endangered flora and fauna while developing infrastructure in national parks and protected areas. Failing to do so will not ensure sustainable development, said Minister Yadav.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister Yadav added that the Government of Nepal has set an ambitious plan of generating 15000 megawatts of electricity by 2030 and this will serve as a strong basis of green development.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He argued that the country can achieve prosperity if we stress on e-mobility for the operation of transportation and railway services.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister Yadav claimed that the government has already achieved the target of expanding forest areas to 45 percent of the country which was supposed to be met by 2030. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15711', 'image' => '20220911120913_go8922.jpg', 'article_date' => '2022-09-11 12:08:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15969', 'article_category_id' => '1', 'title' => 'Rice Mills of Nepal in Crisis after India Imposes 20 Percent Customs Duty on Exports', 'sub_title' => '', 'summary' => 'September 11: Rice traders of Bara and Parsa industrial corridor have said the 20 percent customs duty on export of rice and paddy imposed by India would have direct impact on the Nepali market. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 11: Rice traders of Bara and Parsa industrial corridor have said the 20 percent customs duty on export of rice and paddy imposed by India would have direct impact on the Nepali market. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Organizing a press conference in Birgunj on Friday, the Birgunj Chamber of Commerce and Industry said that India recently fixed 20 percent customs duty on the export of paddy and rice. Prior to this, there wasn’t any customs duty on the export of rice and paddy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The chamber said that the 20 percent customs duty imposed by India on rice and paddy export will hit the industries, consumers and the economy of Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal Rice, Oil, Lentil Industries Association’s President Dr Subodh Gupta said India's latest decision is not fair for the industries, traders, consumers and the market of Nepal. Gupta is also the president of Birgunj Chamber of Commerce and Industry. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Another rice trader Suresh Rungta expressed concern that the consumers would be hit hardest due to the customs tariff imposed by India on paddy and rice export. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gupta was worried that this drastic decision of India might lead to a situation in which the rice mills in Nepal will be closed and called on the government to address the problem at the earliest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal has been importing rice worth over Rs 8 billion annually from India. Nepal imported 550,000 metric tonnes of paddy, 520,000 metric tonnes of rice and 50,000 metric tonnes of rice grits from India last year alone. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There are around 2,500 rice industries registered across the country and half of these are already closed. Even those rice industries which are operating are not operating in full capacity due to various reasons. The rice industries of Nepal have been producing 40 percent rice and the rest of the demand is met through imports from India. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15710', 'image' => '20220911105024_640px-Rice_Plants_(IRRI).jpg', 'article_date' => '2022-09-11 10:49:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15968', 'article_category_id' => '1', 'title' => 'Premier IB Continuum School marks International Literacy Day', 'sub_title' => '', 'summary' => 'September 10: Premier IB Continuum School marked the International Literacy Day 2022 on Thursday by organising a literature festival alongside a food fest.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 10: Premier IB Continuum School marked the International Literacy Day 2022 on Thursday by organising a literature festival alongside a food fest. The school said in a statement that “the wide array of activities, that celebrated international and national literature, kept the students and visitors engaged throughout the day.” </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the statement, international authors and illustrators including Sally Alstchuler from Denmark, Maria Amelia Jannarelli from Brazil, Lawrence Shimel from Spain and Sassa Buregren from Sweden interacted with students online on a wide variety of subjects. The topics discussed during the online interaction were reading and writing on different themes, how to select a book according to grade level, opportunities and challenges of developing books for children and young adults in the context of developing countries, and much more, added the statement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Besides the international exposure, students got to interact with local celebrities and authors/illustrators through in-person discussions, workshops, and panel discussions,” reads the statement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Some notable examples, according to the school, were a session on music, literature, and social change by popular singer-songwriter Samriddhi Rai, session on understanding poetry by celebrated poet, Viplov Pratik, interesting illustration sessions that encompassed both the historic, mythological and modern by Dhruba Prajapati and Binita Buddhacharya, and an engaging panel discussion on “The art of telling stories through movies’ that included Gaurav Pahari, Bijay Baral, Hem Raj BC. The panel discussion was moderated by Sujan Oli. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The school’s Director Pawitra Limbu had an engaging session with parents on “Bonding with Books”. Also, around 90 students and teachers from Harisiddhi Madhyamik Vidyalaya, Harisiddhi, Prabhat Madhyamik Vidyalaya, Gwarko, and Namuna Machhindra Madhyamik Vidyalaya attended the festival. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the statement, a range of food stalls served delicacies that “everyone enjoyed”. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“One USP of the event was that students could discover that literature and stories are everywhere – in the history of food, music, drama, and movies – and not just limited to books. With enthusiastic involvement and participation of students, parents, special invitees, and partners, this was a day to remember,” added the statement.</span></span></p> ', 'published' => true, 'created' => '2022-09-10', 'modified' => '2022-09-10', 'keywords' => '', 'description' => '', 'sortorder' => '15709', 'image' => '20220910103112_aaaaa.jpg', 'article_date' => '2022-09-10 10:30:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15967', 'article_category_id' => '1', 'title' => 'Sauraha's Tourism Business Returning Back on Track', 'sub_title' => '', 'summary' => 'September 9: Sauraha, one of the preferred tourist destinations of the country that was affected by Covid-19, is about to return back to normalcy.', '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 9: Sauraha, one of the preferred tourist destinations of the country that was affected by Covid-19, is about to return back to normalcy. Tourism entrepreneurs, who have been affected by the pandemic for a long time, are hoping that arrival of tourists will increase as the festive season approaches. They are also announcing discount packages targeting the festivals.</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"">Deepak Bhattarai, president of the Regional Hotel Association Nepal, Sauraha, said that foreign tourists along with domestic tourists have also started arriving of late. According to him, the tourism business of Sauraha has started to flourish for some time and now domestic tourists are flocking to the hotels, pubs and restaurants.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Bhattarai informed that as the festive season approaches, internal and external tourists have started booking hotels and the businessmen are enthusiastic as tourists have started coming.</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"">"Covid-19 pandemic has affected not only Chitwan, but the tourism sector of entire Nepal," he said, adding, "We had to close the hotel for almost two years, now we are gradually operating the hotels." Bhattarai said that 200,000 domestic and foreign tourists visited Sauraha last year alone.</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"">"Now the tourism sector is gradually catching up. The festival has started and the number of tourists will increase," said Bhattarai.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Yogesh Adhikari, vice president of the regional hotel association Sauraha, said that foreign tourists have not come even though the season has started. He said, "Until Chinese tourists arrive, the tourism sector will not pick up pace." </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to him, Indian tourists have arrived here since for some time, but not like before the pre-pandemic period.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15708', 'image' => '20220909043430_Chitwan-sunset-sauraha-nepal.jpg', 'article_date' => '2022-09-09 16:33:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15964', 'article_category_id' => '266', 'title' => 'Agreement between Nabil Bank and Unilever', 'sub_title' => '', 'summary' => 'September 9: Nabil Bank has signed an agreement with Unilever Nepal regarding cooperation for channel financing facilities between the bank and the company.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 9: Nabil Bank has signed an agreement with Unilever Nepal regarding cooperation for channel financing facilities between the bank and the company. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Chief Executive Officer of Nabil Bank, Gyanendra Prasad Dhungana and Managing Director of Unilever Nepal, Amlan Mukherjee signed the agreement on behalf of their respective organisations.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Senior Deputy Chief Executive Officer of the bank Sujit Kumar Shakya, Head of SME and Microfinance Niraj Basnet, Chief Distributor of Unilever Nepal and others were present on the occasion.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the signing of the agreement, Unilever handed over the letter of recommendation for the channel financing facility to its three distributors. With the implementation of the agreement, businessmen associated with Unilever Nepal will get loans through all branches of the bank at attractive interest rates to expand their business as channel partners.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15707', 'image' => '20220909041141_Nabil_unilever_1-1.jpg', 'article_date' => '2022-09-09 16:10:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15965', 'article_category_id' => '266', 'title' => 'Samsung Unveils A13', 'sub_title' => '', 'summary' => 'September 9: Samsung has unveiled 'Samsung Galaxy A13', which is the most affordable phone in Samsung's A series portfolio as informed by the company.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 9: Samsung has unveiled 'Samsung Galaxy A13', which is the most affordable phone in Samsung's A series portfolio as informed by the company. The company added that this phone is more accessible in terms of high quality and cutting-edge technology. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">It has a quad camera setup, long lasting battery, large screen and space for expandable storage. The company informed that this phone is the best option to meet the demands of creators who want to produce quality content using the phone.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Samsung Galaxy A13 is said to have all the high-end features for young creators, including high-resolution photography, a crisp display and a processor. On top of the quad camera is a 50 MP main camera, which includes a 5 MP ultrawide, 2 MP depth and macro sensors. There are 5 MP sensors in the front and the price of this phone is Rs 21,429.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15706', 'image' => '20220909041500_samsung.jpg', 'article_date' => '2022-09-09 16:14:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15966', 'article_category_id' => '266', 'title' => 'Yamaha Festive Hat-Trick Offer', 'sub_title' => '', 'summary' => 'September 9: Yamaha Nepal, the official distributor of Yamaha for Nepal, has introduced a jumbo plan called 'Yamaha Festive Hat trick'. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 9: Yamaha Nepal, the official distributor of Yamaha for Nepal, has introduced a jumbo plan called 'Yamaha Festive Hat trick'. The company said that this scheme, which started on Tuesday, will be applicable on the purchase of any Yamaha bike and scooter.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the company, under 'Yamaha Festive Hat trick' scheme, there is an instant sure-shot gift of Rs 6,000 on purchase of any Yamaha bike or scooter. Similarly, the company informed that three people can win a 50-inch Hisense smart TV every day through a lucky draw.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">In addition, for those who want to buy a Yamaha bike or scooter, the company has introduced a more convenient process. As per the company, those who want to buy a Yamaha bike or scooter under this scheme will not have to go through the long process as before. The customer can complete all financial procedures within 30 minutes by showing a limited number of documents.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Raju Chhetri, Chief Executive Officer of Yamaha Nepal said, “We are confident that the Yamaha Festive Hat trick scheme will meet the expectations of the customers.” This scheme, which will be implemented until the upcoming Chhath festival, will be run in all Yamaha showrooms across Nepal.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15705', 'image' => '20220909041945_yamaha-offer.jpg', 'article_date' => '2022-09-09 16:19:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15963', 'article_category_id' => '1', 'title' => 'Government Changes Tax Rates of Various Goods ', 'sub_title' => '', 'summary' => 'September 9: The government has decided to provide concession on customs tariff on the import of various goods.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 9: The government has decided to provide concession on customs tariff on the import of various goods. The Ministry of Finance informed through a notice in the Nepal Gazettee that the tax rates on the import of various goods have been changed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, 90 per cent concession will be provided on the customs tariff on import of crude soybean oil, palm oil and sunflower oil. Revenue Secretary Rameshwoar Dangal said the industries which were given 50 percent concession on the import of sunflower seeds for extracting sunflower oil will instead be given 90 percent concession. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This new provision also applies for the import of soybean seeds for the production of oil and oilcake from it. Earlier, the industries importing soybean seeds for this purpose used to get 50 percent concession on import of soybean seeds but now they will get 90 percent concession. Similarly, 90 percent concession will be provided on customs tariff on the import of mustard, spinach, canola and rapeseed seeds. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A 15 percent customs tariff has been imposed on the import of spring steel wire which the industries producing optical fibre cable use as raw material. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the provision requiring cooperatives to pay 15 percent income tax on transactions, except those enjoying tax concessions, carried out within the metropolitan city area and of seven percent within the then municipality area has been removed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, cooperatives operating within the municipality area will get 5 percent concession, those operating within the sub-metropolitan city area will get 7 percent concession and those run within the metropolis area will be given 10 percent concession on income tax. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, arrangements have been made for keeping the customs tariff of wire and iron rod at 5 percent. Also, the excise duty on the import of raw materials of sanitary pad has been removed now. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15704', 'image' => '20220909040122_taxxxxx.jpg', 'article_date' => '2022-09-09 16:00:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15962', 'article_category_id' => '1', 'title' => 'Minister Badu Admits Rise in Smuggling due to Government-Imposed Ban', 'sub_title' => '', 'summary' => 'September 9: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has admitted that the ban imposed by the government on the import of various goods has increased smuggling of goods into the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 9: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has admitted that the ban imposed by the government on the import of various goods has increased smuggling of goods into the country. It may be noted that the private sector had been saying that the government’s policy of imposing ban on several kinds of goods has encouraged smuggling. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During a programme organized at the ministry on Thursday to make public the achievements made by the ministry in five months since Badu took charge of the ministry, Badu accepted the fact that banned goods were entering the country through illegal channels.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We imposed a ban on few goods after analyzing the country’s economy. It has had a positive impact but the entry of goods through illegal channel continued unabated,” said Minister Badu, adding, “We received reports that the illegal entry of goods caused us a loss in revenue collection. We are studying the matter.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The minister clarified that the ban has not been imposed permanently but will be lifted gradually as per the need. He said that the ban will be lifted on condition that the foreign exchange reserves of the country improves.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government has already lifted the ban on import of six out of ten items that were banned on April 26. Minister Badu said that the government is currently studying whether it would be appropriate to lift the ban on the remaining four items or not.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On the other hand, the private sector has been maintaining that the ban imposed by the government has given a good opportunity to the smugglers. They say that all items banned by the government except motorbikes and four-wheelers are entering the country unabated through illegal channels.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had banned goods including cars, jeeps, van and motorcycles of more than 250 cc capacity for personal use along with smartphones worth more than USD 600, diamond, ready-made liquor, tobacco products except industrial raw materials, chips like Lays and Kurkure, playing cards, toys, and television sets bigger than 32 inches. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government later revised the provision related to import of motorcycle and smartphones and imposed a ban on import of motorcycles above 150 cc and smartphones worth more than USD 300.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government has already lifted the ban on all goods except car, jeeps, vans, motorcycles, smartphones and readymade liquor.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15703', 'image' => '20220909034048_cus1658176227182.jpg', 'article_date' => '2022-09-09 15:40:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15961', 'article_category_id' => '1', 'title' => 'Kathmandu Valley Received 46 mm Rainfall in Three Hours Today ', 'sub_title' => '', 'summary' => 'September 9: The Kathmandu valley recorded 46 millimeters of rainfall in three hours today (September 9).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 9: The Kathmandu valley recorded 46 millimeters of rainfall in three hours today (September 9). According to meteorologist Manju Basi of the Meteorological Forecasting Division, the valley witnessed rainfall since today morning. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Bara received the highest 112 mm of rainfall. According to Basi, Kathmandu valley and adjoining areas received rainfall today which it is likely to continue for the next few days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The valley witnessed intermittent heavy rainfall at some locations. Singha Durbar, Maitighar, Putalisadak, Ratnapark and Tripureshwar areas were hit by heavy downpour for a brief time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the division, the axis of monsoon trough is towards the south from the average location, resulting in partly to generally cloudy weather and rainfall across the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tonight, the weather will be partly to generally cloudy in the hill areas of the country and partly cloudy in the rest of the country. The division has predicted light to moderate rainfall with thunder and lightning at a few places of the hill region of the country. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15702', 'image' => '20220909030626_20210701052135_20200511091310_Storm.jpg', 'article_date' => '2022-09-09 15:05:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15960', 'article_category_id' => '1', 'title' => 'Minimum 4 Percent Cash Subsidy for Exports', 'sub_title' => '', 'summary' => 'September 9: The government has prepared a draft to amend the 'Export Subsidy Procedure 2075' proposing a minimum of 4 percent cash subsidy for the export of various goods.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 9: The government has prepared a draft to amend the 'Export Subsidy Procedure 2075' proposing a minimum of 4 percent cash subsidy for the export of various goods. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Ministry of Industry, Commerce and Supplies prepared the draft in line with the announcement made in the budget of the current fiscal year (2022/23) to increase the cash subsidy up to 8 percent. Accordingly, the minimum limit of the subsidy given for exports has been fixed at 4 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The ministry prepared the draft to provide subsidy for the export of 29 different items and has submitted it to the Ministry of Finance. According to sources, the 29 items included in the list will get subsidies of 4 to 5 percent. IT-based industries and business outsourcing services will not receive subsidies.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Sources informed that the share of cash subsidy will be increased for items that will receive a collective trademark. The maximum limit for export subsidy is 8 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“However, we have not drafted a procedure to give 8 percent to any specific item. The subsidy limit will decrease based on criteria such as the quantity of raw materials, ie, value addition, collective trademark and whether or not exports have increased this year compared to last year,” said the source.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">An official of the ministry said that the procedure is being prepared so that the export can be increased with government subsidies which will be gradually be increased to 8 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> “Eight percent cash subsidy will not be given all at once, because the subsidy should be progressive and also serve as an encouragement for increasing exports,” said the official, adding, “However, cash subsidy for export of services will not be provided as per the budget announcement.” </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">As the country’s trade deficit is increasing, the government has been giving subsidies to encourage export-oriented industries and increase production. Items currently exported from Nepal including processed tea, processed coffee, handicraft and wooden products, processed leather (crust) and leather products, handmade paper and products made from it, processed herbs and essential oils, processed stones and jewelry with stones, allo products, mineral water, turmeric, vegetables, flowers, processed honey, processed cardamom and processed ginger get cash subsidy.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Similarly, domestically-produced garments, ready-made garments, carpets, mountain goat, pashmina fabric, indigenously processed jute and jute products, gold and silver jewelry, semi-processed leather, pharmaceuticals, felt, polyester/yarn/fiber, viscose yarn/acrylic yarn/cotton, copper goods and footwear are also included in the items entitled to receive subsidy. Cement, clinker, steel are also included in the list to get subsidy from this year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15701', 'image' => '20220909013303_subsidy.jpg', 'article_date' => '2022-09-09 13:32:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15959', 'article_category_id' => '1', 'title' => 'Indra Jatra Festival Being Celebrated Today ', 'sub_title' => '', 'summary' => 'September 9: Indra Jatra, the festival of rain and good harvest, is being observed today with much fanfare in the Kathmandu valley. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 9: Indra Jatra, the festival of rain and good harvest, is being observed today with much fanfare in the Kathmandu valley. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The festival that falls on the eve of the full moon day in the month of Bhadra (mid-August to mid-September) is especially marked in Kathmandu, Lalitpur, Bhaktapur, Dhulikhel, Dolakha and some other districts. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The festival begins with the erection of lingo, a sacred wooden pole, in front of Hanumanthodka on the eleventh day of the waxing moon in mid-August to mid-September with religious processions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The eight-day festival is dedicated to Lord Indra – the god of rain. Various ceremonies and processions take place during the festival and it concludes with series of ceremonies, including Lakhe Naach. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As part of the festival, the wooden pole brought from Bhaktapur is installed on the chariot at Hanumandhoka. The chariot procession, a major part of the festival, involves towing of a big chariot of Kumari and two smaller chariots of Ganesh and Bhairab along the thoroughfares of the city. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15700', 'image' => '20220909091416_20180920035728_indra jatra.jpg', 'article_date' => '2022-09-09 09:13:34', '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:18px"><span style="font-family:Calibri,"sans-serif"">September 11: Stakeholders have complained that the government has been ignoring the ready-made garment industry of Nepal. The ready-made garment manufacturers of the country made such remark during the 28<sup>th</sup> Annual General Assembly of Nepal Ready-made Garment Industry Association. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking on the occasion, Senior Vice President of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) Chandra Prasad Dhakal said that the government has not given as much priority to the ready-made garment industry as it used to give some 30 to 35 years ago. He is of the view that the garment industry can contribute a lot to the economy if the government gives as much priority to this sector as it used to give about three decades ago.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">President of the association Chandi Prasad Aryal said that the government’s apathy has led to the downfall of the readymade garment industry which once exported goods worth USD 400 million a year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the association, Nepal’s annual export of ready-made goods in the fiscal year 2020/21 was worth Rs 5.31 billion. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Bangladesh, which started exporting ready-made garment around the same time along with Nepal, exported goods worth Rs 35 billion during fiscal year 2020/21, said Aryal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He urged the government to develop infrastructure to make the ready-made garment industry more competitive in the market. He said that the concerned ministry as well as prime minister and other concerned bodies are always supportive to their demands but they fail to implement them. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We were given assurance by three different prime ministers to resolve our problems but none of them fulfilled their promises,” said Aryal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Aryal said that the private sector organisations like FNCCI, the Confederation of Nepalese Industry and the Nepal Chamber of Commerce have also turned a deaf ear to the problems of the ready-made garment industry. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Senior Vice President of NCC Kamalesh Agrawal said that it was unfortunate that the export of ready-made garments did not increase even when then value of Nepalese currency depreciated by ten percent. He urged the government to promote this industry by concessions and other facilities. He said that Nepal cannot avail the facilities given to the least developed countries after 2026 and therefore urged the government to initiate bilateral talks with foreign countries based on export potential to ensure Nepal’s access to the international market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister for Industry, Commerce and Supplies Dilendra Prasad Badu, who was the chief guest of the programme, said that he will work with sincerity to prove the misconception of the private sector regarding the government wrong.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“You might have been complaining based on your past experience. But I will prove it wrong,” said Minister Badu.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15714', 'image' => '20220911034930_1662888877.tayari.jpg', 'article_date' => '2022-09-11 15:48:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15972', 'article_category_id' => '1', 'title' => '41 Percent Population has Access to Insurance', 'sub_title' => '', 'summary' => 'September 11: A total of 41 percent of the population has got access to insurance as of mid-August 2022. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">September 11: A total of 41 percent of the population has got access to insurance as of mid-August 2022. The Insurance Board informed that the interest in insurance is growing among the general public because of the expansion of services of insurance companies and the increase in access due to new schemes.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data published by the board, by mid-August 2022, 41.15 percent of the total population has been included in the insurance schemes of insurance companies. Compared to mid-August 2021, access to insurance among the people has increased by 13.64 percentage points. During the corresponding period of last fiscal year, only 27.51 percent of people had access to insurance.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The Insurance Board published the status of access to insurance based on the data collected from insurance companies including term insurance, short term insurance and foreign employment insurance. If the term insurance, short-term insurance and foreign employment life insurance are not included, the access to insurance is limited to just 16.68 percent. Similarly, the access to insurance is 38.26 percent based on the data other than foreign employment life insurance policy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Despite the increase in access to insurance, the lack of liquidity in the financial sector has started affecting the business of insurance companies. Due to the lack of liquidity, the sale of insurance policies and the collection of insurance premiums of the insurance companies are getting affected.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Statistics of the board show that the number of non-life insurance policies decreased by 8.35 percent in mid-August 2022 compared to the corresponding period of last fiscal year. In mid-August 2021, non-life insurance companies had issued 241,837 insurance policies, which dropped to 221,642 by mid-August 2022.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Although the number of non-life insurance policies have declined, the number of life insurance policies is on the rise. By mid-August 2022, life insurance companies issued a total of 13,089,486 life insurance policies, which were only 8,587,044 in mid-August 2021. Life insurance policies increased by 52.43 percent in a single year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Despite the increase in life insurance policies, the collection of insurance premium of the companies has been affected. The collection of insurance premiums of life insurance companies increased by 9.35 percent, while that of non-life companies increased by 49.68 percent. Compared to mid-August 2021, the total collection of insurance premium of all the insurance companies in mid-August 2022 decreased by 0.34 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data, by mid-August of the current year, insurance companies collected Rs 19.53 billion, which was Rs 19.60 billion in the same period of last year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The board informed that by mid-August 2022, the number of offices and employees of insurance companies increased as well. Compared to last year, the number of branch offices increased by 9.57 percent and reached 3,363. Similarly, the number of employees working in insurance companies increased by 8.56 percent and reached 11,530.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15713', 'image' => '20220911020959_Insurance.jpg', 'article_date' => '2022-09-11 14:09:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15971', 'article_category_id' => '1', 'title' => 'Nepal Infrastructure Summit Concludes', 'sub_title' => '', 'summary' => 'September 11: The Nepal Infrastructure Summit 2022 concluded on Friday.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 11: The Nepal Infrastructure Summit 2022 concluded on Friday. Various issues ranging from roads, railways, and tunnels to industrial infrastructure were discussed during the summit.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The 2-day summit held in Kathmandu stressed on the need to set priorities and raise financial resources. On the second day of the conference on Friday, Finance Minister Janardan Sharma said that it is necessary to increase savings to increase domestic investment.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Speaking at the summit which was jointly organized by the Ministry of Physical Infrastructure and Transport and the Confederation of Nepal Industries (CNI), Minister Sharma said that if 90 per cent of the income is spent there will be no savings.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He also informed that capital market and insurance are going to be linked to infrastructure development with the intention to utilize internal resources for construction. Similarly, Minister for Communication and Information Technology Gyanendra Bahadur Karki said that we should work to make Nepal prosperous in 10 years. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"We will have to invest up to 9 per cent of the gross domestic product to build infrastructure," said Karki, adding "The government alone cannot invest in the infrastructure, and we are ready to create an environment for the private sector to invest in infrastructure."</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Umesh Shrestha, minister of state at the Office of the Prime Minister and Council of Ministers, emphasized that the thinking of the political leadership and government employees should be changed in order to develop the country.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bindu Lohani, former vice president of the Asian Development Bank, said Nepal’s investment in the infrastructure sector in proportion to the gross domestic product is the lowest in the Asia Pacific region.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Similarly, Deputy Governor of Nepal Rastra Bank Bam Bahadur Mishra said that it is not possible to invest long-term loans from bank deposits of unstable nature and emphasized that funds must be raised from other sources including debentures. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"We have made a policy arrangement to keep the interest rate of long-term investment stable," Mishra said, adding "We are trying to create a big bank so that we can invest in big infrastructure projects and arrangements have been made to issue 100 per cent of core capital bonds," said Mishra.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">On that occasion, CNI Chairman Bishnu Agarwal said that the summit witnessed intensive discussions on how to build large infrastructure and ways to reduce the cost of business operations by building industrial infrastructure.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He expressed his commitment to take all the suggestions to the regulatory bodies and complete the work to be done on behalf of the private sector. Likewise, he added that many suggestions were received at the summit on how to build infrastructure in the changed context after the coronavirus pandemic.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15712', 'image' => '20220911010405_1662848947.Clipboard05.jpg', 'article_date' => '2022-09-11 13:03:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15970', 'article_category_id' => '1', 'title' => 'Forest Minister Bats for Green Development', 'sub_title' => '', 'summary' => 'September 11: Minister for Forest and Environment Pradeep Yadav has stressed on the need to develop green economy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 11: Minister for Forest and Environment Pradeep Yadav has stressed on the need to develop green economy. Speaking at the Nepal Infrastructure Summit-2022 organised by the Confederation of Nepalese Industries, Minister Yadav said that the country needs to adopt a framework to develop green economy in order to achieve development goals through minimum impact to the environment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Developing infrastructure by minimizing impacts on environment is the basis of green development. We need to develop a model for development based on green economy,” said Minister Yadav, adding, “This will ensure development and also protect environment.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The focus of all local units and provincial governments during the last five years was infrastructure development, said Minister Yadav adding that all three tiers of government must now focus on green development. He further s aid that the Covid- 19 pandemic has also taught the same lesson. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The minister said that infrastructure development is the pre-requisite for development of human civilization and economic prosperity. He added that infrastructure development plays a vital role in making human lives comfortable. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The development of Nepal is negligible in terms of quantity and standard compared to the international level. Therefore, infrastructure development must be our first priority for economic prosperity,” said Minister Yadav.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He also said that the stakeholders need to pay special attention in preserving endangered flora and fauna while developing infrastructure in national parks and protected areas. Failing to do so will not ensure sustainable development, said Minister Yadav.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister Yadav added that the Government of Nepal has set an ambitious plan of generating 15000 megawatts of electricity by 2030 and this will serve as a strong basis of green development.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He argued that the country can achieve prosperity if we stress on e-mobility for the operation of transportation and railway services.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister Yadav claimed that the government has already achieved the target of expanding forest areas to 45 percent of the country which was supposed to be met by 2030. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15711', 'image' => '20220911120913_go8922.jpg', 'article_date' => '2022-09-11 12:08:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15969', 'article_category_id' => '1', 'title' => 'Rice Mills of Nepal in Crisis after India Imposes 20 Percent Customs Duty on Exports', 'sub_title' => '', 'summary' => 'September 11: Rice traders of Bara and Parsa industrial corridor have said the 20 percent customs duty on export of rice and paddy imposed by India would have direct impact on the Nepali market. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 11: Rice traders of Bara and Parsa industrial corridor have said the 20 percent customs duty on export of rice and paddy imposed by India would have direct impact on the Nepali market. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Organizing a press conference in Birgunj on Friday, the Birgunj Chamber of Commerce and Industry said that India recently fixed 20 percent customs duty on the export of paddy and rice. Prior to this, there wasn’t any customs duty on the export of rice and paddy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The chamber said that the 20 percent customs duty imposed by India on rice and paddy export will hit the industries, consumers and the economy of Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal Rice, Oil, Lentil Industries Association’s President Dr Subodh Gupta said India's latest decision is not fair for the industries, traders, consumers and the market of Nepal. Gupta is also the president of Birgunj Chamber of Commerce and Industry. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Another rice trader Suresh Rungta expressed concern that the consumers would be hit hardest due to the customs tariff imposed by India on paddy and rice export. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gupta was worried that this drastic decision of India might lead to a situation in which the rice mills in Nepal will be closed and called on the government to address the problem at the earliest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal has been importing rice worth over Rs 8 billion annually from India. Nepal imported 550,000 metric tonnes of paddy, 520,000 metric tonnes of rice and 50,000 metric tonnes of rice grits from India last year alone. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There are around 2,500 rice industries registered across the country and half of these are already closed. Even those rice industries which are operating are not operating in full capacity due to various reasons. The rice industries of Nepal have been producing 40 percent rice and the rest of the demand is met through imports from India. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15710', 'image' => '20220911105024_640px-Rice_Plants_(IRRI).jpg', 'article_date' => '2022-09-11 10:49:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15968', 'article_category_id' => '1', 'title' => 'Premier IB Continuum School marks International Literacy Day', 'sub_title' => '', 'summary' => 'September 10: Premier IB Continuum School marked the International Literacy Day 2022 on Thursday by organising a literature festival alongside a food fest.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 10: Premier IB Continuum School marked the International Literacy Day 2022 on Thursday by organising a literature festival alongside a food fest. The school said in a statement that “the wide array of activities, that celebrated international and national literature, kept the students and visitors engaged throughout the day.” </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the statement, international authors and illustrators including Sally Alstchuler from Denmark, Maria Amelia Jannarelli from Brazil, Lawrence Shimel from Spain and Sassa Buregren from Sweden interacted with students online on a wide variety of subjects. The topics discussed during the online interaction were reading and writing on different themes, how to select a book according to grade level, opportunities and challenges of developing books for children and young adults in the context of developing countries, and much more, added the statement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Besides the international exposure, students got to interact with local celebrities and authors/illustrators through in-person discussions, workshops, and panel discussions,” reads the statement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Some notable examples, according to the school, were a session on music, literature, and social change by popular singer-songwriter Samriddhi Rai, session on understanding poetry by celebrated poet, Viplov Pratik, interesting illustration sessions that encompassed both the historic, mythological and modern by Dhruba Prajapati and Binita Buddhacharya, and an engaging panel discussion on “The art of telling stories through movies’ that included Gaurav Pahari, Bijay Baral, Hem Raj BC. The panel discussion was moderated by Sujan Oli. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The school’s Director Pawitra Limbu had an engaging session with parents on “Bonding with Books”. Also, around 90 students and teachers from Harisiddhi Madhyamik Vidyalaya, Harisiddhi, Prabhat Madhyamik Vidyalaya, Gwarko, and Namuna Machhindra Madhyamik Vidyalaya attended the festival. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the statement, a range of food stalls served delicacies that “everyone enjoyed”. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“One USP of the event was that students could discover that literature and stories are everywhere – in the history of food, music, drama, and movies – and not just limited to books. With enthusiastic involvement and participation of students, parents, special invitees, and partners, this was a day to remember,” added the statement.</span></span></p> ', 'published' => true, 'created' => '2022-09-10', 'modified' => '2022-09-10', 'keywords' => '', 'description' => '', 'sortorder' => '15709', 'image' => '20220910103112_aaaaa.jpg', 'article_date' => '2022-09-10 10:30:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15967', 'article_category_id' => '1', 'title' => 'Sauraha's Tourism Business Returning Back on Track', 'sub_title' => '', 'summary' => 'September 9: Sauraha, one of the preferred tourist destinations of the country that was affected by Covid-19, is about to return back to normalcy.', '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 9: Sauraha, one of the preferred tourist destinations of the country that was affected by Covid-19, is about to return back to normalcy. Tourism entrepreneurs, who have been affected by the pandemic for a long time, are hoping that arrival of tourists will increase as the festive season approaches. They are also announcing discount packages targeting the festivals.</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"">Deepak Bhattarai, president of the Regional Hotel Association Nepal, Sauraha, said that foreign tourists along with domestic tourists have also started arriving of late. According to him, the tourism business of Sauraha has started to flourish for some time and now domestic tourists are flocking to the hotels, pubs and restaurants.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Bhattarai informed that as the festive season approaches, internal and external tourists have started booking hotels and the businessmen are enthusiastic as tourists have started coming.</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"">"Covid-19 pandemic has affected not only Chitwan, but the tourism sector of entire Nepal," he said, adding, "We had to close the hotel for almost two years, now we are gradually operating the hotels." Bhattarai said that 200,000 domestic and foreign tourists visited Sauraha last year alone.</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"">"Now the tourism sector is gradually catching up. The festival has started and the number of tourists will increase," said Bhattarai.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Yogesh Adhikari, vice president of the regional hotel association Sauraha, said that foreign tourists have not come even though the season has started. He said, "Until Chinese tourists arrive, the tourism sector will not pick up pace." </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to him, Indian tourists have arrived here since for some time, but not like before the pre-pandemic period.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15708', 'image' => '20220909043430_Chitwan-sunset-sauraha-nepal.jpg', 'article_date' => '2022-09-09 16:33:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15964', 'article_category_id' => '266', 'title' => 'Agreement between Nabil Bank and Unilever', 'sub_title' => '', 'summary' => 'September 9: Nabil Bank has signed an agreement with Unilever Nepal regarding cooperation for channel financing facilities between the bank and the company.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 9: Nabil Bank has signed an agreement with Unilever Nepal regarding cooperation for channel financing facilities between the bank and the company. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Chief Executive Officer of Nabil Bank, Gyanendra Prasad Dhungana and Managing Director of Unilever Nepal, Amlan Mukherjee signed the agreement on behalf of their respective organisations.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Senior Deputy Chief Executive Officer of the bank Sujit Kumar Shakya, Head of SME and Microfinance Niraj Basnet, Chief Distributor of Unilever Nepal and others were present on the occasion.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the signing of the agreement, Unilever handed over the letter of recommendation for the channel financing facility to its three distributors. With the implementation of the agreement, businessmen associated with Unilever Nepal will get loans through all branches of the bank at attractive interest rates to expand their business as channel partners.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15707', 'image' => '20220909041141_Nabil_unilever_1-1.jpg', 'article_date' => '2022-09-09 16:10:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15965', 'article_category_id' => '266', 'title' => 'Samsung Unveils A13', 'sub_title' => '', 'summary' => 'September 9: Samsung has unveiled 'Samsung Galaxy A13', which is the most affordable phone in Samsung's A series portfolio as informed by the company.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 9: Samsung has unveiled 'Samsung Galaxy A13', which is the most affordable phone in Samsung's A series portfolio as informed by the company. The company added that this phone is more accessible in terms of high quality and cutting-edge technology. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">It has a quad camera setup, long lasting battery, large screen and space for expandable storage. The company informed that this phone is the best option to meet the demands of creators who want to produce quality content using the phone.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Samsung Galaxy A13 is said to have all the high-end features for young creators, including high-resolution photography, a crisp display and a processor. On top of the quad camera is a 50 MP main camera, which includes a 5 MP ultrawide, 2 MP depth and macro sensors. There are 5 MP sensors in the front and the price of this phone is Rs 21,429.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15706', 'image' => '20220909041500_samsung.jpg', 'article_date' => '2022-09-09 16:14:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15966', 'article_category_id' => '266', 'title' => 'Yamaha Festive Hat-Trick Offer', 'sub_title' => '', 'summary' => 'September 9: Yamaha Nepal, the official distributor of Yamaha for Nepal, has introduced a jumbo plan called 'Yamaha Festive Hat trick'. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 9: Yamaha Nepal, the official distributor of Yamaha for Nepal, has introduced a jumbo plan called 'Yamaha Festive Hat trick'. The company said that this scheme, which started on Tuesday, will be applicable on the purchase of any Yamaha bike and scooter.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the company, under 'Yamaha Festive Hat trick' scheme, there is an instant sure-shot gift of Rs 6,000 on purchase of any Yamaha bike or scooter. Similarly, the company informed that three people can win a 50-inch Hisense smart TV every day through a lucky draw.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">In addition, for those who want to buy a Yamaha bike or scooter, the company has introduced a more convenient process. As per the company, those who want to buy a Yamaha bike or scooter under this scheme will not have to go through the long process as before. The customer can complete all financial procedures within 30 minutes by showing a limited number of documents.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Raju Chhetri, Chief Executive Officer of Yamaha Nepal said, “We are confident that the Yamaha Festive Hat trick scheme will meet the expectations of the customers.” This scheme, which will be implemented until the upcoming Chhath festival, will be run in all Yamaha showrooms across Nepal.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15705', 'image' => '20220909041945_yamaha-offer.jpg', 'article_date' => '2022-09-09 16:19:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15963', 'article_category_id' => '1', 'title' => 'Government Changes Tax Rates of Various Goods ', 'sub_title' => '', 'summary' => 'September 9: The government has decided to provide concession on customs tariff on the import of various goods.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 9: The government has decided to provide concession on customs tariff on the import of various goods. The Ministry of Finance informed through a notice in the Nepal Gazettee that the tax rates on the import of various goods have been changed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, 90 per cent concession will be provided on the customs tariff on import of crude soybean oil, palm oil and sunflower oil. Revenue Secretary Rameshwoar Dangal said the industries which were given 50 percent concession on the import of sunflower seeds for extracting sunflower oil will instead be given 90 percent concession. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This new provision also applies for the import of soybean seeds for the production of oil and oilcake from it. Earlier, the industries importing soybean seeds for this purpose used to get 50 percent concession on import of soybean seeds but now they will get 90 percent concession. Similarly, 90 percent concession will be provided on customs tariff on the import of mustard, spinach, canola and rapeseed seeds. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A 15 percent customs tariff has been imposed on the import of spring steel wire which the industries producing optical fibre cable use as raw material. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the provision requiring cooperatives to pay 15 percent income tax on transactions, except those enjoying tax concessions, carried out within the metropolitan city area and of seven percent within the then municipality area has been removed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, cooperatives operating within the municipality area will get 5 percent concession, those operating within the sub-metropolitan city area will get 7 percent concession and those run within the metropolis area will be given 10 percent concession on income tax. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, arrangements have been made for keeping the customs tariff of wire and iron rod at 5 percent. Also, the excise duty on the import of raw materials of sanitary pad has been removed now. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15704', 'image' => '20220909040122_taxxxxx.jpg', 'article_date' => '2022-09-09 16:00:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15962', 'article_category_id' => '1', 'title' => 'Minister Badu Admits Rise in Smuggling due to Government-Imposed Ban', 'sub_title' => '', 'summary' => 'September 9: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has admitted that the ban imposed by the government on the import of various goods has increased smuggling of goods into the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 9: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has admitted that the ban imposed by the government on the import of various goods has increased smuggling of goods into the country. It may be noted that the private sector had been saying that the government’s policy of imposing ban on several kinds of goods has encouraged smuggling. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During a programme organized at the ministry on Thursday to make public the achievements made by the ministry in five months since Badu took charge of the ministry, Badu accepted the fact that banned goods were entering the country through illegal channels.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We imposed a ban on few goods after analyzing the country’s economy. It has had a positive impact but the entry of goods through illegal channel continued unabated,” said Minister Badu, adding, “We received reports that the illegal entry of goods caused us a loss in revenue collection. We are studying the matter.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The minister clarified that the ban has not been imposed permanently but will be lifted gradually as per the need. He said that the ban will be lifted on condition that the foreign exchange reserves of the country improves.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government has already lifted the ban on import of six out of ten items that were banned on April 26. Minister Badu said that the government is currently studying whether it would be appropriate to lift the ban on the remaining four items or not.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On the other hand, the private sector has been maintaining that the ban imposed by the government has given a good opportunity to the smugglers. They say that all items banned by the government except motorbikes and four-wheelers are entering the country unabated through illegal channels.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had banned goods including cars, jeeps, van and motorcycles of more than 250 cc capacity for personal use along with smartphones worth more than USD 600, diamond, ready-made liquor, tobacco products except industrial raw materials, chips like Lays and Kurkure, playing cards, toys, and television sets bigger than 32 inches. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government later revised the provision related to import of motorcycle and smartphones and imposed a ban on import of motorcycles above 150 cc and smartphones worth more than USD 300.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government has already lifted the ban on all goods except car, jeeps, vans, motorcycles, smartphones and readymade liquor.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15703', 'image' => '20220909034048_cus1658176227182.jpg', 'article_date' => '2022-09-09 15:40:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15961', 'article_category_id' => '1', 'title' => 'Kathmandu Valley Received 46 mm Rainfall in Three Hours Today ', 'sub_title' => '', 'summary' => 'September 9: The Kathmandu valley recorded 46 millimeters of rainfall in three hours today (September 9).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 9: The Kathmandu valley recorded 46 millimeters of rainfall in three hours today (September 9). According to meteorologist Manju Basi of the Meteorological Forecasting Division, the valley witnessed rainfall since today morning. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Bara received the highest 112 mm of rainfall. According to Basi, Kathmandu valley and adjoining areas received rainfall today which it is likely to continue for the next few days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The valley witnessed intermittent heavy rainfall at some locations. Singha Durbar, Maitighar, Putalisadak, Ratnapark and Tripureshwar areas were hit by heavy downpour for a brief time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the division, the axis of monsoon trough is towards the south from the average location, resulting in partly to generally cloudy weather and rainfall across the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tonight, the weather will be partly to generally cloudy in the hill areas of the country and partly cloudy in the rest of the country. The division has predicted light to moderate rainfall with thunder and lightning at a few places of the hill region of the country. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15702', 'image' => '20220909030626_20210701052135_20200511091310_Storm.jpg', 'article_date' => '2022-09-09 15:05:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15960', 'article_category_id' => '1', 'title' => 'Minimum 4 Percent Cash Subsidy for Exports', 'sub_title' => '', 'summary' => 'September 9: The government has prepared a draft to amend the 'Export Subsidy Procedure 2075' proposing a minimum of 4 percent cash subsidy for the export of various goods.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 9: The government has prepared a draft to amend the 'Export Subsidy Procedure 2075' proposing a minimum of 4 percent cash subsidy for the export of various goods. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Ministry of Industry, Commerce and Supplies prepared the draft in line with the announcement made in the budget of the current fiscal year (2022/23) to increase the cash subsidy up to 8 percent. Accordingly, the minimum limit of the subsidy given for exports has been fixed at 4 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The ministry prepared the draft to provide subsidy for the export of 29 different items and has submitted it to the Ministry of Finance. According to sources, the 29 items included in the list will get subsidies of 4 to 5 percent. IT-based industries and business outsourcing services will not receive subsidies.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Sources informed that the share of cash subsidy will be increased for items that will receive a collective trademark. The maximum limit for export subsidy is 8 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“However, we have not drafted a procedure to give 8 percent to any specific item. The subsidy limit will decrease based on criteria such as the quantity of raw materials, ie, value addition, collective trademark and whether or not exports have increased this year compared to last year,” said the source.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">An official of the ministry said that the procedure is being prepared so that the export can be increased with government subsidies which will be gradually be increased to 8 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> “Eight percent cash subsidy will not be given all at once, because the subsidy should be progressive and also serve as an encouragement for increasing exports,” said the official, adding, “However, cash subsidy for export of services will not be provided as per the budget announcement.” </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">As the country’s trade deficit is increasing, the government has been giving subsidies to encourage export-oriented industries and increase production. Items currently exported from Nepal including processed tea, processed coffee, handicraft and wooden products, processed leather (crust) and leather products, handmade paper and products made from it, processed herbs and essential oils, processed stones and jewelry with stones, allo products, mineral water, turmeric, vegetables, flowers, processed honey, processed cardamom and processed ginger get cash subsidy.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Similarly, domestically-produced garments, ready-made garments, carpets, mountain goat, pashmina fabric, indigenously processed jute and jute products, gold and silver jewelry, semi-processed leather, pharmaceuticals, felt, polyester/yarn/fiber, viscose yarn/acrylic yarn/cotton, copper goods and footwear are also included in the items entitled to receive subsidy. Cement, clinker, steel are also included in the list to get subsidy from this year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15701', 'image' => '20220909013303_subsidy.jpg', 'article_date' => '2022-09-09 13:32:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15959', 'article_category_id' => '1', 'title' => 'Indra Jatra Festival Being Celebrated Today ', 'sub_title' => '', 'summary' => 'September 9: Indra Jatra, the festival of rain and good harvest, is being observed today with much fanfare in the Kathmandu valley. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 9: Indra Jatra, the festival of rain and good harvest, is being observed today with much fanfare in the Kathmandu valley. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The festival that falls on the eve of the full moon day in the month of Bhadra (mid-August to mid-September) is especially marked in Kathmandu, Lalitpur, Bhaktapur, Dhulikhel, Dolakha and some other districts. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The festival begins with the erection of lingo, a sacred wooden pole, in front of Hanumanthodka on the eleventh day of the waxing moon in mid-August to mid-September with religious processions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The eight-day festival is dedicated to Lord Indra – the god of rain. Various ceremonies and processions take place during the festival and it concludes with series of ceremonies, including Lakhe Naach. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As part of the festival, the wooden pole brought from Bhaktapur is installed on the chariot at Hanumandhoka. The chariot procession, a major part of the festival, involves towing of a big chariot of Kumari and two smaller chariots of Ganesh and Bhairab along the thoroughfares of the city. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15700', 'image' => '20220909091416_20180920035728_indra jatra.jpg', 'article_date' => '2022-09-09 09:13:34', '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:18px"><span style="font-family:Calibri,"sans-serif"">September 11: Stakeholders have complained that the government has been ignoring the ready-made garment industry of Nepal. The ready-made garment manufacturers of the country made such remark during the 28<sup>th</sup> Annual General Assembly of Nepal Ready-made Garment Industry Association. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking on the occasion, Senior Vice President of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) Chandra Prasad Dhakal said that the government has not given as much priority to the ready-made garment industry as it used to give some 30 to 35 years ago. He is of the view that the garment industry can contribute a lot to the economy if the government gives as much priority to this sector as it used to give about three decades ago.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">President of the association Chandi Prasad Aryal said that the government’s apathy has led to the downfall of the readymade garment industry which once exported goods worth USD 400 million a year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the association, Nepal’s annual export of ready-made goods in the fiscal year 2020/21 was worth Rs 5.31 billion. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Bangladesh, which started exporting ready-made garment around the same time along with Nepal, exported goods worth Rs 35 billion during fiscal year 2020/21, said Aryal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He urged the government to develop infrastructure to make the ready-made garment industry more competitive in the market. He said that the concerned ministry as well as prime minister and other concerned bodies are always supportive to their demands but they fail to implement them. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We were given assurance by three different prime ministers to resolve our problems but none of them fulfilled their promises,” said Aryal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Aryal said that the private sector organisations like FNCCI, the Confederation of Nepalese Industry and the Nepal Chamber of Commerce have also turned a deaf ear to the problems of the ready-made garment industry. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Senior Vice President of NCC Kamalesh Agrawal said that it was unfortunate that the export of ready-made garments did not increase even when then value of Nepalese currency depreciated by ten percent. He urged the government to promote this industry by concessions and other facilities. He said that Nepal cannot avail the facilities given to the least developed countries after 2026 and therefore urged the government to initiate bilateral talks with foreign countries based on export potential to ensure Nepal’s access to the international market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister for Industry, Commerce and Supplies Dilendra Prasad Badu, who was the chief guest of the programme, said that he will work with sincerity to prove the misconception of the private sector regarding the government wrong.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“You might have been complaining based on your past experience. But I will prove it wrong,” said Minister Badu.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15714', 'image' => '20220911034930_1662888877.tayari.jpg', 'article_date' => '2022-09-11 15:48:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15972', 'article_category_id' => '1', 'title' => '41 Percent Population has Access to Insurance', 'sub_title' => '', 'summary' => 'September 11: A total of 41 percent of the population has got access to insurance as of mid-August 2022. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">September 11: A total of 41 percent of the population has got access to insurance as of mid-August 2022. The Insurance Board informed that the interest in insurance is growing among the general public because of the expansion of services of insurance companies and the increase in access due to new schemes.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data published by the board, by mid-August 2022, 41.15 percent of the total population has been included in the insurance schemes of insurance companies. Compared to mid-August 2021, access to insurance among the people has increased by 13.64 percentage points. During the corresponding period of last fiscal year, only 27.51 percent of people had access to insurance.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The Insurance Board published the status of access to insurance based on the data collected from insurance companies including term insurance, short term insurance and foreign employment insurance. If the term insurance, short-term insurance and foreign employment life insurance are not included, the access to insurance is limited to just 16.68 percent. Similarly, the access to insurance is 38.26 percent based on the data other than foreign employment life insurance policy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Despite the increase in access to insurance, the lack of liquidity in the financial sector has started affecting the business of insurance companies. Due to the lack of liquidity, the sale of insurance policies and the collection of insurance premiums of the insurance companies are getting affected.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Statistics of the board show that the number of non-life insurance policies decreased by 8.35 percent in mid-August 2022 compared to the corresponding period of last fiscal year. In mid-August 2021, non-life insurance companies had issued 241,837 insurance policies, which dropped to 221,642 by mid-August 2022.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Although the number of non-life insurance policies have declined, the number of life insurance policies is on the rise. By mid-August 2022, life insurance companies issued a total of 13,089,486 life insurance policies, which were only 8,587,044 in mid-August 2021. Life insurance policies increased by 52.43 percent in a single year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Despite the increase in life insurance policies, the collection of insurance premium of the companies has been affected. The collection of insurance premiums of life insurance companies increased by 9.35 percent, while that of non-life companies increased by 49.68 percent. Compared to mid-August 2021, the total collection of insurance premium of all the insurance companies in mid-August 2022 decreased by 0.34 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data, by mid-August of the current year, insurance companies collected Rs 19.53 billion, which was Rs 19.60 billion in the same period of last year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The board informed that by mid-August 2022, the number of offices and employees of insurance companies increased as well. Compared to last year, the number of branch offices increased by 9.57 percent and reached 3,363. Similarly, the number of employees working in insurance companies increased by 8.56 percent and reached 11,530.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15713', 'image' => '20220911020959_Insurance.jpg', 'article_date' => '2022-09-11 14:09:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15971', 'article_category_id' => '1', 'title' => 'Nepal Infrastructure Summit Concludes', 'sub_title' => '', 'summary' => 'September 11: The Nepal Infrastructure Summit 2022 concluded on Friday.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 11: The Nepal Infrastructure Summit 2022 concluded on Friday. Various issues ranging from roads, railways, and tunnels to industrial infrastructure were discussed during the summit.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The 2-day summit held in Kathmandu stressed on the need to set priorities and raise financial resources. On the second day of the conference on Friday, Finance Minister Janardan Sharma said that it is necessary to increase savings to increase domestic investment.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Speaking at the summit which was jointly organized by the Ministry of Physical Infrastructure and Transport and the Confederation of Nepal Industries (CNI), Minister Sharma said that if 90 per cent of the income is spent there will be no savings.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He also informed that capital market and insurance are going to be linked to infrastructure development with the intention to utilize internal resources for construction. Similarly, Minister for Communication and Information Technology Gyanendra Bahadur Karki said that we should work to make Nepal prosperous in 10 years. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"We will have to invest up to 9 per cent of the gross domestic product to build infrastructure," said Karki, adding "The government alone cannot invest in the infrastructure, and we are ready to create an environment for the private sector to invest in infrastructure."</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Umesh Shrestha, minister of state at the Office of the Prime Minister and Council of Ministers, emphasized that the thinking of the political leadership and government employees should be changed in order to develop the country.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bindu Lohani, former vice president of the Asian Development Bank, said Nepal’s investment in the infrastructure sector in proportion to the gross domestic product is the lowest in the Asia Pacific region.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Similarly, Deputy Governor of Nepal Rastra Bank Bam Bahadur Mishra said that it is not possible to invest long-term loans from bank deposits of unstable nature and emphasized that funds must be raised from other sources including debentures. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">"We have made a policy arrangement to keep the interest rate of long-term investment stable," Mishra said, adding "We are trying to create a big bank so that we can invest in big infrastructure projects and arrangements have been made to issue 100 per cent of core capital bonds," said Mishra.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">On that occasion, CNI Chairman Bishnu Agarwal said that the summit witnessed intensive discussions on how to build large infrastructure and ways to reduce the cost of business operations by building industrial infrastructure.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He expressed his commitment to take all the suggestions to the regulatory bodies and complete the work to be done on behalf of the private sector. Likewise, he added that many suggestions were received at the summit on how to build infrastructure in the changed context after the coronavirus pandemic.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15712', 'image' => '20220911010405_1662848947.Clipboard05.jpg', 'article_date' => '2022-09-11 13:03:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15970', 'article_category_id' => '1', 'title' => 'Forest Minister Bats for Green Development', 'sub_title' => '', 'summary' => 'September 11: Minister for Forest and Environment Pradeep Yadav has stressed on the need to develop green economy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 11: Minister for Forest and Environment Pradeep Yadav has stressed on the need to develop green economy. Speaking at the Nepal Infrastructure Summit-2022 organised by the Confederation of Nepalese Industries, Minister Yadav said that the country needs to adopt a framework to develop green economy in order to achieve development goals through minimum impact to the environment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Developing infrastructure by minimizing impacts on environment is the basis of green development. We need to develop a model for development based on green economy,” said Minister Yadav, adding, “This will ensure development and also protect environment.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The focus of all local units and provincial governments during the last five years was infrastructure development, said Minister Yadav adding that all three tiers of government must now focus on green development. He further s aid that the Covid- 19 pandemic has also taught the same lesson. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The minister said that infrastructure development is the pre-requisite for development of human civilization and economic prosperity. He added that infrastructure development plays a vital role in making human lives comfortable. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The development of Nepal is negligible in terms of quantity and standard compared to the international level. Therefore, infrastructure development must be our first priority for economic prosperity,” said Minister Yadav.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He also said that the stakeholders need to pay special attention in preserving endangered flora and fauna while developing infrastructure in national parks and protected areas. Failing to do so will not ensure sustainable development, said Minister Yadav.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister Yadav added that the Government of Nepal has set an ambitious plan of generating 15000 megawatts of electricity by 2030 and this will serve as a strong basis of green development.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He argued that the country can achieve prosperity if we stress on e-mobility for the operation of transportation and railway services.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister Yadav claimed that the government has already achieved the target of expanding forest areas to 45 percent of the country which was supposed to be met by 2030. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15711', 'image' => '20220911120913_go8922.jpg', 'article_date' => '2022-09-11 12:08:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15969', 'article_category_id' => '1', 'title' => 'Rice Mills of Nepal in Crisis after India Imposes 20 Percent Customs Duty on Exports', 'sub_title' => '', 'summary' => 'September 11: Rice traders of Bara and Parsa industrial corridor have said the 20 percent customs duty on export of rice and paddy imposed by India would have direct impact on the Nepali market. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 11: Rice traders of Bara and Parsa industrial corridor have said the 20 percent customs duty on export of rice and paddy imposed by India would have direct impact on the Nepali market. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Organizing a press conference in Birgunj on Friday, the Birgunj Chamber of Commerce and Industry said that India recently fixed 20 percent customs duty on the export of paddy and rice. Prior to this, there wasn’t any customs duty on the export of rice and paddy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The chamber said that the 20 percent customs duty imposed by India on rice and paddy export will hit the industries, consumers and the economy of Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal Rice, Oil, Lentil Industries Association’s President Dr Subodh Gupta said India's latest decision is not fair for the industries, traders, consumers and the market of Nepal. Gupta is also the president of Birgunj Chamber of Commerce and Industry. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Another rice trader Suresh Rungta expressed concern that the consumers would be hit hardest due to the customs tariff imposed by India on paddy and rice export. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gupta was worried that this drastic decision of India might lead to a situation in which the rice mills in Nepal will be closed and called on the government to address the problem at the earliest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal has been importing rice worth over Rs 8 billion annually from India. Nepal imported 550,000 metric tonnes of paddy, 520,000 metric tonnes of rice and 50,000 metric tonnes of rice grits from India last year alone. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There are around 2,500 rice industries registered across the country and half of these are already closed. Even those rice industries which are operating are not operating in full capacity due to various reasons. The rice industries of Nepal have been producing 40 percent rice and the rest of the demand is met through imports from India. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-11', 'modified' => '2022-09-11', 'keywords' => '', 'description' => '', 'sortorder' => '15710', 'image' => '20220911105024_640px-Rice_Plants_(IRRI).jpg', 'article_date' => '2022-09-11 10:49:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15968', 'article_category_id' => '1', 'title' => 'Premier IB Continuum School marks International Literacy Day', 'sub_title' => '', 'summary' => 'September 10: Premier IB Continuum School marked the International Literacy Day 2022 on Thursday by organising a literature festival alongside a food fest.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 10: Premier IB Continuum School marked the International Literacy Day 2022 on Thursday by organising a literature festival alongside a food fest. The school said in a statement that “the wide array of activities, that celebrated international and national literature, kept the students and visitors engaged throughout the day.” </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the statement, international authors and illustrators including Sally Alstchuler from Denmark, Maria Amelia Jannarelli from Brazil, Lawrence Shimel from Spain and Sassa Buregren from Sweden interacted with students online on a wide variety of subjects. The topics discussed during the online interaction were reading and writing on different themes, how to select a book according to grade level, opportunities and challenges of developing books for children and young adults in the context of developing countries, and much more, added the statement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Besides the international exposure, students got to interact with local celebrities and authors/illustrators through in-person discussions, workshops, and panel discussions,” reads the statement. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Some notable examples, according to the school, were a session on music, literature, and social change by popular singer-songwriter Samriddhi Rai, session on understanding poetry by celebrated poet, Viplov Pratik, interesting illustration sessions that encompassed both the historic, mythological and modern by Dhruba Prajapati and Binita Buddhacharya, and an engaging panel discussion on “The art of telling stories through movies’ that included Gaurav Pahari, Bijay Baral, Hem Raj BC. The panel discussion was moderated by Sujan Oli. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The school’s Director Pawitra Limbu had an engaging session with parents on “Bonding with Books”. Also, around 90 students and teachers from Harisiddhi Madhyamik Vidyalaya, Harisiddhi, Prabhat Madhyamik Vidyalaya, Gwarko, and Namuna Machhindra Madhyamik Vidyalaya attended the festival. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the statement, a range of food stalls served delicacies that “everyone enjoyed”. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“One USP of the event was that students could discover that literature and stories are everywhere – in the history of food, music, drama, and movies – and not just limited to books. With enthusiastic involvement and participation of students, parents, special invitees, and partners, this was a day to remember,” added the statement.</span></span></p> ', 'published' => true, 'created' => '2022-09-10', 'modified' => '2022-09-10', 'keywords' => '', 'description' => '', 'sortorder' => '15709', 'image' => '20220910103112_aaaaa.jpg', 'article_date' => '2022-09-10 10:30:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15967', 'article_category_id' => '1', 'title' => 'Sauraha's Tourism Business Returning Back on Track', 'sub_title' => '', 'summary' => 'September 9: Sauraha, one of the preferred tourist destinations of the country that was affected by Covid-19, is about to return back to normalcy.', '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 9: Sauraha, one of the preferred tourist destinations of the country that was affected by Covid-19, is about to return back to normalcy. Tourism entrepreneurs, who have been affected by the pandemic for a long time, are hoping that arrival of tourists will increase as the festive season approaches. They are also announcing discount packages targeting the festivals.</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"">Deepak Bhattarai, president of the Regional Hotel Association Nepal, Sauraha, said that foreign tourists along with domestic tourists have also started arriving of late. According to him, the tourism business of Sauraha has started to flourish for some time and now domestic tourists are flocking to the hotels, pubs and restaurants.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Bhattarai informed that as the festive season approaches, internal and external tourists have started booking hotels and the businessmen are enthusiastic as tourists have started coming.</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"">"Covid-19 pandemic has affected not only Chitwan, but the tourism sector of entire Nepal," he said, adding, "We had to close the hotel for almost two years, now we are gradually operating the hotels." Bhattarai said that 200,000 domestic and foreign tourists visited Sauraha last year alone.</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"">"Now the tourism sector is gradually catching up. The festival has started and the number of tourists will increase," said Bhattarai.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Yogesh Adhikari, vice president of the regional hotel association Sauraha, said that foreign tourists have not come even though the season has started. He said, "Until Chinese tourists arrive, the tourism sector will not pick up pace." </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to him, Indian tourists have arrived here since for some time, but not like before the pre-pandemic period.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15708', 'image' => '20220909043430_Chitwan-sunset-sauraha-nepal.jpg', 'article_date' => '2022-09-09 16:33:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15964', 'article_category_id' => '266', 'title' => 'Agreement between Nabil Bank and Unilever', 'sub_title' => '', 'summary' => 'September 9: Nabil Bank has signed an agreement with Unilever Nepal regarding cooperation for channel financing facilities between the bank and the company.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 9: Nabil Bank has signed an agreement with Unilever Nepal regarding cooperation for channel financing facilities between the bank and the company. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Chief Executive Officer of Nabil Bank, Gyanendra Prasad Dhungana and Managing Director of Unilever Nepal, Amlan Mukherjee signed the agreement on behalf of their respective organisations.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Senior Deputy Chief Executive Officer of the bank Sujit Kumar Shakya, Head of SME and Microfinance Niraj Basnet, Chief Distributor of Unilever Nepal and others were present on the occasion.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the signing of the agreement, Unilever handed over the letter of recommendation for the channel financing facility to its three distributors. With the implementation of the agreement, businessmen associated with Unilever Nepal will get loans through all branches of the bank at attractive interest rates to expand their business as channel partners.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15707', 'image' => '20220909041141_Nabil_unilever_1-1.jpg', 'article_date' => '2022-09-09 16:10:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15965', 'article_category_id' => '266', 'title' => 'Samsung Unveils A13', 'sub_title' => '', 'summary' => 'September 9: Samsung has unveiled 'Samsung Galaxy A13', which is the most affordable phone in Samsung's A series portfolio as informed by the company.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 9: Samsung has unveiled 'Samsung Galaxy A13', which is the most affordable phone in Samsung's A series portfolio as informed by the company. The company added that this phone is more accessible in terms of high quality and cutting-edge technology. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">It has a quad camera setup, long lasting battery, large screen and space for expandable storage. The company informed that this phone is the best option to meet the demands of creators who want to produce quality content using the phone.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Samsung Galaxy A13 is said to have all the high-end features for young creators, including high-resolution photography, a crisp display and a processor. On top of the quad camera is a 50 MP main camera, which includes a 5 MP ultrawide, 2 MP depth and macro sensors. There are 5 MP sensors in the front and the price of this phone is Rs 21,429.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15706', 'image' => '20220909041500_samsung.jpg', 'article_date' => '2022-09-09 16:14:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15966', 'article_category_id' => '266', 'title' => 'Yamaha Festive Hat-Trick Offer', 'sub_title' => '', 'summary' => 'September 9: Yamaha Nepal, the official distributor of Yamaha for Nepal, has introduced a jumbo plan called 'Yamaha Festive Hat trick'. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 9: Yamaha Nepal, the official distributor of Yamaha for Nepal, has introduced a jumbo plan called 'Yamaha Festive Hat trick'. The company said that this scheme, which started on Tuesday, will be applicable on the purchase of any Yamaha bike and scooter.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the company, under 'Yamaha Festive Hat trick' scheme, there is an instant sure-shot gift of Rs 6,000 on purchase of any Yamaha bike or scooter. Similarly, the company informed that three people can win a 50-inch Hisense smart TV every day through a lucky draw.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">In addition, for those who want to buy a Yamaha bike or scooter, the company has introduced a more convenient process. As per the company, those who want to buy a Yamaha bike or scooter under this scheme will not have to go through the long process as before. The customer can complete all financial procedures within 30 minutes by showing a limited number of documents.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Raju Chhetri, Chief Executive Officer of Yamaha Nepal said, “We are confident that the Yamaha Festive Hat trick scheme will meet the expectations of the customers.” This scheme, which will be implemented until the upcoming Chhath festival, will be run in all Yamaha showrooms across Nepal.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15705', 'image' => '20220909041945_yamaha-offer.jpg', 'article_date' => '2022-09-09 16:19:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15963', 'article_category_id' => '1', 'title' => 'Government Changes Tax Rates of Various Goods ', 'sub_title' => '', 'summary' => 'September 9: The government has decided to provide concession on customs tariff on the import of various goods.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 9: The government has decided to provide concession on customs tariff on the import of various goods. The Ministry of Finance informed through a notice in the Nepal Gazettee that the tax rates on the import of various goods have been changed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, 90 per cent concession will be provided on the customs tariff on import of crude soybean oil, palm oil and sunflower oil. Revenue Secretary Rameshwoar Dangal said the industries which were given 50 percent concession on the import of sunflower seeds for extracting sunflower oil will instead be given 90 percent concession. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This new provision also applies for the import of soybean seeds for the production of oil and oilcake from it. Earlier, the industries importing soybean seeds for this purpose used to get 50 percent concession on import of soybean seeds but now they will get 90 percent concession. Similarly, 90 percent concession will be provided on customs tariff on the import of mustard, spinach, canola and rapeseed seeds. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A 15 percent customs tariff has been imposed on the import of spring steel wire which the industries producing optical fibre cable use as raw material. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the provision requiring cooperatives to pay 15 percent income tax on transactions, except those enjoying tax concessions, carried out within the metropolitan city area and of seven percent within the then municipality area has been removed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, cooperatives operating within the municipality area will get 5 percent concession, those operating within the sub-metropolitan city area will get 7 percent concession and those run within the metropolis area will be given 10 percent concession on income tax. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, arrangements have been made for keeping the customs tariff of wire and iron rod at 5 percent. Also, the excise duty on the import of raw materials of sanitary pad has been removed now. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15704', 'image' => '20220909040122_taxxxxx.jpg', 'article_date' => '2022-09-09 16:00:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15962', 'article_category_id' => '1', 'title' => 'Minister Badu Admits Rise in Smuggling due to Government-Imposed Ban', 'sub_title' => '', 'summary' => 'September 9: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has admitted that the ban imposed by the government on the import of various goods has increased smuggling of goods into the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 9: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has admitted that the ban imposed by the government on the import of various goods has increased smuggling of goods into the country. It may be noted that the private sector had been saying that the government’s policy of imposing ban on several kinds of goods has encouraged smuggling. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During a programme organized at the ministry on Thursday to make public the achievements made by the ministry in five months since Badu took charge of the ministry, Badu accepted the fact that banned goods were entering the country through illegal channels.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“We imposed a ban on few goods after analyzing the country’s economy. It has had a positive impact but the entry of goods through illegal channel continued unabated,” said Minister Badu, adding, “We received reports that the illegal entry of goods caused us a loss in revenue collection. We are studying the matter.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The minister clarified that the ban has not been imposed permanently but will be lifted gradually as per the need. He said that the ban will be lifted on condition that the foreign exchange reserves of the country improves.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government has already lifted the ban on import of six out of ten items that were banned on April 26. Minister Badu said that the government is currently studying whether it would be appropriate to lift the ban on the remaining four items or not.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On the other hand, the private sector has been maintaining that the ban imposed by the government has given a good opportunity to the smugglers. They say that all items banned by the government except motorbikes and four-wheelers are entering the country unabated through illegal channels.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had banned goods including cars, jeeps, van and motorcycles of more than 250 cc capacity for personal use along with smartphones worth more than USD 600, diamond, ready-made liquor, tobacco products except industrial raw materials, chips like Lays and Kurkure, playing cards, toys, and television sets bigger than 32 inches. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government later revised the provision related to import of motorcycle and smartphones and imposed a ban on import of motorcycles above 150 cc and smartphones worth more than USD 300.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government has already lifted the ban on all goods except car, jeeps, vans, motorcycles, smartphones and readymade liquor.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15703', 'image' => '20220909034048_cus1658176227182.jpg', 'article_date' => '2022-09-09 15:40:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15961', 'article_category_id' => '1', 'title' => 'Kathmandu Valley Received 46 mm Rainfall in Three Hours Today ', 'sub_title' => '', 'summary' => 'September 9: The Kathmandu valley recorded 46 millimeters of rainfall in three hours today (September 9).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 9: The Kathmandu valley recorded 46 millimeters of rainfall in three hours today (September 9). According to meteorologist Manju Basi of the Meteorological Forecasting Division, the valley witnessed rainfall since today morning. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Bara received the highest 112 mm of rainfall. According to Basi, Kathmandu valley and adjoining areas received rainfall today which it is likely to continue for the next few days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The valley witnessed intermittent heavy rainfall at some locations. Singha Durbar, Maitighar, Putalisadak, Ratnapark and Tripureshwar areas were hit by heavy downpour for a brief time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the division, the axis of monsoon trough is towards the south from the average location, resulting in partly to generally cloudy weather and rainfall across the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tonight, the weather will be partly to generally cloudy in the hill areas of the country and partly cloudy in the rest of the country. The division has predicted light to moderate rainfall with thunder and lightning at a few places of the hill region of the country. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15702', 'image' => '20220909030626_20210701052135_20200511091310_Storm.jpg', 'article_date' => '2022-09-09 15:05:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15960', 'article_category_id' => '1', 'title' => 'Minimum 4 Percent Cash Subsidy for Exports', 'sub_title' => '', 'summary' => 'September 9: The government has prepared a draft to amend the 'Export Subsidy Procedure 2075' proposing a minimum of 4 percent cash subsidy for the export of various goods.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 9: The government has prepared a draft to amend the 'Export Subsidy Procedure 2075' proposing a minimum of 4 percent cash subsidy for the export of various goods. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Ministry of Industry, Commerce and Supplies prepared the draft in line with the announcement made in the budget of the current fiscal year (2022/23) to increase the cash subsidy up to 8 percent. Accordingly, the minimum limit of the subsidy given for exports has been fixed at 4 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The ministry prepared the draft to provide subsidy for the export of 29 different items and has submitted it to the Ministry of Finance. According to sources, the 29 items included in the list will get subsidies of 4 to 5 percent. IT-based industries and business outsourcing services will not receive subsidies.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Sources informed that the share of cash subsidy will be increased for items that will receive a collective trademark. The maximum limit for export subsidy is 8 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“However, we have not drafted a procedure to give 8 percent to any specific item. The subsidy limit will decrease based on criteria such as the quantity of raw materials, ie, value addition, collective trademark and whether or not exports have increased this year compared to last year,” said the source.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">An official of the ministry said that the procedure is being prepared so that the export can be increased with government subsidies which will be gradually be increased to 8 percent.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> “Eight percent cash subsidy will not be given all at once, because the subsidy should be progressive and also serve as an encouragement for increasing exports,” said the official, adding, “However, cash subsidy for export of services will not be provided as per the budget announcement.” </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">As the country’s trade deficit is increasing, the government has been giving subsidies to encourage export-oriented industries and increase production. Items currently exported from Nepal including processed tea, processed coffee, handicraft and wooden products, processed leather (crust) and leather products, handmade paper and products made from it, processed herbs and essential oils, processed stones and jewelry with stones, allo products, mineral water, turmeric, vegetables, flowers, processed honey, processed cardamom and processed ginger get cash subsidy.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Similarly, domestically-produced garments, ready-made garments, carpets, mountain goat, pashmina fabric, indigenously processed jute and jute products, gold and silver jewelry, semi-processed leather, pharmaceuticals, felt, polyester/yarn/fiber, viscose yarn/acrylic yarn/cotton, copper goods and footwear are also included in the items entitled to receive subsidy. Cement, clinker, steel are also included in the list to get subsidy from this year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15701', 'image' => '20220909013303_subsidy.jpg', 'article_date' => '2022-09-09 13:32:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15959', 'article_category_id' => '1', 'title' => 'Indra Jatra Festival Being Celebrated Today ', 'sub_title' => '', 'summary' => 'September 9: Indra Jatra, the festival of rain and good harvest, is being observed today with much fanfare in the Kathmandu valley. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 9: Indra Jatra, the festival of rain and good harvest, is being observed today with much fanfare in the Kathmandu valley. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The festival that falls on the eve of the full moon day in the month of Bhadra (mid-August to mid-September) is especially marked in Kathmandu, Lalitpur, Bhaktapur, Dhulikhel, Dolakha and some other districts. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The festival begins with the erection of lingo, a sacred wooden pole, in front of Hanumanthodka on the eleventh day of the waxing moon in mid-August to mid-September with religious processions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The eight-day festival is dedicated to Lord Indra – the god of rain. Various ceremonies and processions take place during the festival and it concludes with series of ceremonies, including Lakhe Naach. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As part of the festival, the wooden pole brought from Bhaktapur is installed on the chariot at Hanumandhoka. The chariot procession, a major part of the festival, involves towing of a big chariot of Kumari and two smaller chariots of Ganesh and Bhairab along the thoroughfares of the city. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-09', 'modified' => '2022-09-09', 'keywords' => '', 'description' => '', 'sortorder' => '15700', 'image' => '20220909091416_20180920035728_indra jatra.jpg', 'article_date' => '2022-09-09 09:13:34', '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
