August 17: The Central Bureau of Statistics (CBS) has estimated economic growth of 5.84 percent for the Fiscal Year 2021/22.…
August 17: The Central Bureau of Statistics (CBS) has estimated economic growth of 5.84 percent for the Fiscal Year 2021/22.…
August 17: Nepal Rastra Bank (NRB) has tightened the facility provided for foreign currency exchange for import and export of goods.…
August 17: New Business Age Pvt Ltd is organizing the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards…
August 16: Biratnagar High Court has ordered the concerned bodies not to open the seal placed by the Indian customs on the truck carrying betel nuts that was impounded by the police on suspicion of carrying illegal goods…
August 16: Students from 12 districts have arrived at Shree Kisani Agriculture Technical School in Malika Rural Municipality-7 of Myagdi to study agricultural…
August 16: The Millennium Challenge Account (MCA) Nepal is preparing to spend more than Rs 8.5 billion on electricity and road infrastructures under the Millennium Challenge Corporation…
August 16: Preparations have been completed for the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards, an annual event which organized by New Business Age Pvt Ltd every…
August 16: Israel has decided to employ an additional 1,000 workers from…
August 16: Of late, Manang district is becoming the preferred destination of foreign tourists visiting…
August 16: Nepal Rastra Bank (NRB) has once again warned the general public not to engage in transactions involving crypto-currency, virtual currency, hyper fund and network marketing.…
August 15: The government has formed an expert group to study the prospect of an international airport in Nijgadh, Bara after the full text of Supreme Court verdict on the disputed issue ruled that an international airport can be built in the…
August 15: The government is preparing to regulate the insurance sector by the proposed Insurance Authority.…
August 15: The Chinese government has stopped importing and exporting goods through the Tatopani customs due to the increase in infection rate of Covid-19 in various parts of Tibet.…
August 15: The Securities Board of Nepal (SEBON) is preparing to halt the share trading of companies listed in the secondary market for a maximum of 15 working days if they opt for the process of merger or…
August 15: Vehicles are piling up at Birgunj customs due to the strict import policy of government and lack of…
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 17: The Central Bureau of Statistics (CBS) has estimated economic growth of 5.84 percent for the Fiscal Year 2021/22. Agriculture, industry and service sectors are estimated to grow 2.30 percent, 10.19 percent and 5.93 percent respectively, according to the latest report released by Nepal Rastra Bank.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report released by the central bank on Tuesday states that the share of agriculture, industry and service sectors in GDP in FY 2021/22 stands at 23.95 percent, 14.29 percent and 61.76 percent respectively.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the report, gross domestic saving to GDP stands at 9.27 percent in FY 2021/22. The ratio of gross fixed capital formation and gross national saving to GDP stands at 29.37 percent and 31.95 percent respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, the installed capacity of electricity increased to 2189.6 Megawatt during the review year, which consists of 2075.4 Megawatts of hydro electricity, 54.8 Megawatts of solar electricity, 6.0 Megawatts of cogeneration and 53.4 Megawatts of thermal electricity.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The total number of tourist arrivals increased significantly to 3,70,906 in FY 2021/22, which was 70,123 in the previous fiscal year, the report added.</span></span></p> ', 'published' => true, 'created' => '2022-08-17', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15547', 'image' => '20220817123841_economic-growth.jpg', 'article_date' => '2022-08-17 12:37:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15804', 'article_category_id' => '1', 'title' => 'Central Bank Toughens Measures on Foreign Currency Exchange ', 'sub_title' => '', 'summary' => 'August 17: Nepal Rastra Bank (NRB) has tightened the facility provided for foreign currency exchange for import and export of goods. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 17: Nepal Rastra Bank (NRB) has tightened the facility provided for foreign currency exchange for import and export of goods. The central bank made such arrangement in a bid to toughen its stance against trade-based money laundering that can be promoted through import and export, reads a notice issued by the central bank. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing an amended version of the Unified Directive on Tuesday, the central bank ordered the licensed banks and financial institutions (BFIs) to formulate necessary work procedure to discourage money laundering. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Unified Directive states that an internal mechanism will be created to deal with money laundering and the exchange facility can be provided if it is found realistic after comparative analysis between the prices of goods in the international market (proforma invoice). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank placed tough measures after the importers were found stating one thing in document and another in practice while importing goods and increasing transactions in foreign currency, the state-owned national news agency RSS reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Meanwhile, the central bank through the Unified Directive has also increased the daily limit of remittance inflow into the country through authorized companies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the new provision, registered companies can deposit remittance up to Rs 1.5 million in the bank accounts of the beneficiary on a daily basis. Prior to this, the maximum limit of remittance inflow was Rs 1 million per day.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank has also instructed the remittance companies to keep records of the personal details of the people sending and receiving money as per the rules.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-17', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15546', 'image' => '20220817120833_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2022-08-17 12:07:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15806', 'article_category_id' => '1', 'title' => 'New Business Age to Award Best Business Schools Today', 'sub_title' => '', 'summary' => 'August 17: New Business Age Pvt Ltd is organizing the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards today.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 17: New Business Age Pvt Ltd is organizing the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards today.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the organizers, the best colleges will be awarded in four different categories from among more than 2,300 business schools across the country.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A total of 16 colleges will be awarded in four different categories during the award distribution ceremony to be held at 4 pm today afternoon (August 17). The organizers informed that three best colleges for MBA/MBS, three each for BBA/BBS, three best colleges for BHM and one college from each of the seven provinces will be honored during the event.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Among them, one best college in the first three categories will be given trophies and certificates, while certificates will be distributed to the second and third-position holders.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, certificates will be given to the best colleges in each province.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A panel discussion among experts on the topic of 'Future of Management Education' is also scheduled during the programme.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">An independent jury consisting of experts from various fields have selected the best school after phase-wise evaluation. According to the jury, 602 out of 2,300 schools were shortlisted based on the website of the schools.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Around 300 schools were selected in the second stage based on the school's mission, vision and slogan. A total of 57 schools were selected in the third round on the basis of five years of operation.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the jury, quality and standard, educational infrastructure, quality of academic activities, student-led activities, entrepreneurship promotion programme, relationship with real professional organizations, and employment opportunities were taken into consideration while selecting the school for the awards.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The main sponsor of the program is Prabhu Bank Limited, while Yamaha, Mahalaxmi Bikas Bank Ltd, Tata Nexon, Everest Bank, Hama Steel, United Insurance, DishHome Fiber Net and Nepali Patro are the co-sponsors of the event.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-17', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15545', 'image' => '20220817012621_1660631726.logo.jpg', 'article_date' => '2022-08-17 13:25:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15803', 'article_category_id' => '1', 'title' => 'Biratnagar High Court Orders not to Open the Seals put on Betel Nuts by Indian Customs', 'sub_title' => '', 'summary' => 'August 16: Biratnagar High Court has ordered the concerned bodies not to open the seal placed by the Indian customs on the truck carrying betel nuts that was impounded by the police on suspicion of carrying illegal goods ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">August 16: Biratnagar High Court has ordered the concerned bodies not to open the seal placed by the Indian customs on the truck carrying betel nuts that was impounded by the police on suspicion of carrying illegal goods and handed over to the Revenue Investigation Office, Itahari. The court has also ordered to bring both parties together for discussion on Tuesday (today).</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The Indian customs had checked and sealed the betel nuts carrying vehicle which being to India using the route of Nepal but was arrested by the police and handed over to the revenue investigation office.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The high court issued the order in response to a case filed by Navin Ghimire, the owner of exporter company Mankamana Traders.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Morang police seized the betel nuts on July 20 and handed it over to the Revenue Investigation Office, Itahari July 23. Ghimire, the exporter, filed a writ in the High Court last Thursday, against the District Police Office Morang, Customs Department, Customs Office Biratnagar and Revenue Investigation Office Itahari.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">A single bench of High Court Judge Milan Kumar Rai issued the order which says, “Considering that an interim order has also been requested in this matter, as it seems appropriate to reach a proper conclusion by bringing together both parties for discussion on 2079/04/31.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The bench also ordered not to remove the seals issued by the Jogbani Customs Office, India on the eight trucks until another decision.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Senior advocate Ramesh Koirala and another advocate Dilliram Ghimire had argued on behalf of Manakamana Traders. Director General of Revenue Investigation Department Jhalakram Adhikari is saying that he and his office cannot open the seals imposed by Indian Customs. The betel nut destined for export has been on the premises of Revenue Research Office Itahari since July 23.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15544', 'image' => '20220816071250_betel nut.jpg', 'article_date' => '2022-08-16 19:12:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15802', 'article_category_id' => '1', 'title' => 'Girl Students Attracted towards Technical Education in Myagdi', 'sub_title' => '', 'summary' => 'August 16: Students from 12 districts have arrived at Shree Kisani Agriculture Technical School in Malika Rural Municipality-7 of Myagdi to study agricultural subjects.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 16: Students from 12 districts have arrived at Shree Kisani Agriculture Technical School in Malika Rural Municipality-7 of Myagdi to study agricultural subjects. The technical education school, which was established in 2011, has produced more than 500 agricultural technicians in 11 years. In addition, the school also said that it has made a significant achievement in the physical infrastructure recently.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Karan Kandel, coordinator of the school said that students are taught using the latest information and technology tools in addition to practical education by taking them to farmers' fields and cattle sheds.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The statistics of the technical schools shows that there are more female students than male students. After receiving affiliation from CTEVT in 2011, the school is conducting courses for JTA of 18 months, ISc (AG) of three years (since 2017) and veterinary (medicine or treatment of animal diseases) since 2019.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Currently students from Surkhet, Jumla, Humla, Mugu, Kailali, Chitwan, Kaski, Baglung, Myagdi and other districts have come to study in the school.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to coordinator Kandel, currently 141 students from different districts are studying in the school including 90 female students and 51 male students. Among the students, 141 students are studying agriculture and animal science including 51 pursuing diploma in agriculture, 60 seeking diploma in livestock and 30 undergoing pre-diploma. Coordinator Kandel informed that the number of students is increasing because they can get quality education with residential facilities for just Rs 5,000 per month.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15543', 'image' => '20220816044449_1660604743.12 MAgdi school.jpg', 'article_date' => '2022-08-16 16:44:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15801', 'article_category_id' => '1', 'title' => 'MCA Nepal to Spend Rs 8.5 Billion on MCC Project this Year', 'sub_title' => '', 'summary' => 'August 16: The Millennium Challenge Account (MCA) Nepal is preparing to spend more than Rs 8.5 billion on electricity and road infrastructures under the Millennium Challenge Corporation (MCC)', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 16: The Millennium Challenge Account (MCA) Nepal is preparing to spend more than Rs 8.5 billion on electricity and road infrastructures under the Millennium Challenge Corporation (MCC) funded by the US government in the current fiscal year (FY 2022/23).</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to MCA Nepal, Rs 7.57 billion will be spent on the road maintenance project and Rs 1.7 billion on the power transmission line project. The budget allocated for the projects under the MCC for the current year is Rs 9.27 billion. Out of the allocated budget, Rs 8.91 billion will be in the form of US grant. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the Ministry of Finance, the Government of Nepal will contribute Rs 365.6 million from its own sources for those project this year. Most of the amount allocated for this project will be spent for capital expenditure.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The MCC's goal is to construct a 315 km long 400 kV power transmission line and three 400 kV substations and to repair and expand 77 km of roads using new technology. To achieve this goal, the project is being implemented this year after it was endorsed by the parliament during the last fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to MCA Nepal, it will build a high voltage grid which is currently lacking in Nepal. The transmission line will pass through 18 rural municipalities, 11 municipalities and one sub-metropolitan city in Kathmandu, Sindhupalchok, Nuwakot, Dhading, Chitwan, Makwanpur, Tanahun, Palpa, Nawalpur and Parasi in three provinces - Bagmati, Gandaki and Lumbini.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Three new 400 kV indoor gas substations are being built for the power transmission line project. Ratmate substation will be constructed in Belkotgarhi Municipality of Nuwakot district, Damauli substation in Damauli of Tanahun district and Butwal substation in Bhumhi of Parasi district. In addition to these three substations, the transmission line under MCC will also be connected to Lapsiphedi and Nepal Electricity Authority's new Hetauda substation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">MCA Nepal’s Executive Director Khadga Bahadur Bista said that the process of land acquisition, approval for cutting down trees, environmental impact assessment (EIA), preparation for tender documents, and the tender process are currently underway in order to start the construction of these projects.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to Bista, the MCC will be spending money on the road maintenance project to improve the quality of Nepal's strategic road network. The project will serve as an example to allocate budget for periodic maintenance of the country's strategic road network. For that purpose, a matching fund of USD 52.22 million has been allocated.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to MCA Nepal, under the road maintenance project, around 77 kilometres of road will be upgraded using state-of-the-art technology.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Under the project, 40 kilometres from Dhankhola to Lamhi and 37 kilometres from Lamhi to Shivkhola will be renovated.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15542', 'image' => '20220816034051_MCC.jpg', 'article_date' => '2022-08-16 15:39:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15800', 'article_category_id' => '1', 'title' => 'Preparation for 6th NewBiz B Schools Rating, Ranking and Awards Complete', 'sub_title' => '', 'summary' => 'August 16: Preparations have been completed for the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards, an annual event which organized by New Business Age Pvt Ltd every year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 16: Preparations have been completed for the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards, an annual event which organized by New Business Age Pvt Ltd every year. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the organizers, the best colleges will be awarded in four different categories from among more than 2,300 business schools across the country.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A total of 16 colleges will be awarded in four different categories in the award distribution event to be held on August 17. The organizers informed that three best colleges for MBA/MBS, three each for BBA/BBS, three best colleges for BHM and one college from each of the seven provinces will be honored during the event. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Among them, one best college in the first three categories will be given trophies and certificates, while certificates will be distributed to the second and third-position holders. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, certificates will be given to the best colleges in each province. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A panel discussion among experts on the topic of 'Future of Management Education' is also scheduled during the programme.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">An independent jury consisting of experts from various fields have selected the best school after phase-wise evaluation. According to the jury, 602 out of 2,300 schools were shortlisted based on the website of the schools. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Around 300 schools were selected in the second stage based on the school's mission, vision and slogan. A total of 57 schools were selected in the third round on the basis of five years of operation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the jury, quality and standard, educational infrastructure, quality of academic activities, student-led activities, entrepreneurship promotion programme, relationship with real professional organizations, and employment opportunities were taken into consideration while selecting the school for the awards.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The main sponsor of the program is Prabhu Bank Limited, while Yamaha, Mahalaxmi Bikas Bank Ltd, Tata Nexon, Everest Bank, Hama Steel, United Insurance, DishHome Fiber Net and Nepali Patro are the co-sponsors of the event.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15541', 'image' => '20220817124758_166071w3698.jpg', 'article_date' => '2022-08-16 14:12:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15799', 'article_category_id' => '1', 'title' => 'Israel to Hire Additional One Thousand Workers from Nepal', 'sub_title' => '', 'summary' => 'August 16: Israel has decided to employ an additional 1,000 workers from Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 16: Israel has decided to employ an additional 1,000 workers from Nepal. Israel’s ambassador to Nepal Hanan Goder informed Minister for Labour, Employment and Social Security Sher Bahadur Kunwar about the decision to hire the workers during a meeting on Monday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the meeting, Ambassador Goder said that the Government of Israel had taken a decision on Sunday (August 14) to employ 1,000 workers from Nepal in the field of agriculture. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Ambassador Goder also informed that the Government of Israel has selected 1147 workers from among 9699 applicants who had applied for jobs in Israel earlier. According to the ambassador, the Government of Israel is in the process of taking the selected workers to Israel.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On the occasion, Minister Kunwar thanked Ambassador Goder for all kinds of support extended by the Government of Israel to Nepal. He also requested the ambassador for further support in sectors like agriculture, tourism and industry. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the meeting, Labour Minister Kunwar also informed the ambassador that the Government of Nepal has recently adopted a policy for re-integration of returnee migrant workers and urged for help from investors in Israel for this programme. He also informed Ambassador Goder that lots of Nepalis are aspiring to work in Israel and requested him to expedite the process.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Earlier in July 2021, the government of Israel had announced vacancy for 1,000 workers from Nepal for the health sector. The two countries then signed a bilateral agreement on September 30, 2021 and a ‘protocol’ to send Nepali workers to Israel was finalized a month later to send workers to Israel. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The protocol mentions about issues like the process of sending workers to Israel, their qualification, perks and benefits in accordance to the labour agreement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Back then, it was also agreed that the Nepali workers will get opportunities to work in hotels and restaurants, agriculture sector, construction works among others in Israel besides the health sector. As per the agreement, Israel has now opened vacancy for the agriculture sector.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepali workers willing to go to Israel for work will have to pay the visa fee, medical test fee as well as orientation charge and a certain amount to the welfare fund themselves, as per the protocol.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepal had also signed a labour pact with Israel in 2015. Back then, very few Nepalis had gone to Israel for work. Israel had agreed to take nurses and care givers having three months of training but the agreement could not be implemented for a long time.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15540', 'image' => '20220816011235_1660629825.थप १ हजार नेपाली कामदार लैजाँदै इजरायल.jpg', 'article_date' => '2022-08-16 13:11:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15798', 'article_category_id' => '1', 'title' => 'Manang becoming a Preferred Destination among Foreign Tourists', 'sub_title' => '', 'summary' => 'August 16: Of late, Manang district is becoming the preferred destination of foreign tourists visiting Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 16: Of late, Manang district is becoming the preferred destination of foreign tourists visiting Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Majority of tourists visiting Nepal are found to have arrived here with the specific plan of visiting Manang district. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This place has become a favorite destination among the foreign tourists due to its organic food, natural landscape, cultural heritage and captivating environment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the state-owned national news agency RSS, foreign tourists arrive here with an itinerary of visiting Manang. It has become the most preferred choice among the trekkers who come here to visit the Tilicho Lake, which is the highest-altitude lake in Nepal, and the Thorang-La Pass. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The arrival of tourists had come to a standstill for almost two years after the outbreak of the Covid-19 pandemic. However, the arrival of tourists improved last year following a decline in infection rate. Thereafter, the number of tourists visiting Manang has also increased.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The number of tourists visiting Manang in Fiscal Year 2021/22 was higher than the number in FY 2020/21. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of the total 285,363 foreign tourists who arrived in Nepal during the last fiscal year (FY 2021/22), a total of 7,020 tourists visited Manang. Among them, 4,749 were male and 2,271 were female, informed Lekhnath Gautam, chief of the Annapurna Area Conservation Project (ACAP). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Gautam, most of the tourists visited Manang in the months of Kartik (mid-October to mid-November), Chaitra (mid-March to mid-April) and Baishakh (mid-April to mid-May). The data was based on the entry permits issued to the tourists at ACAP checkpoint in Dharapani, RSS reported.</span></span></p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15539', 'image' => '20220816121442_Manang.jpg', 'article_date' => '2022-08-16 12:14:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15797', 'article_category_id' => '1', 'title' => 'NRB Issues Fresh Warning against Crypto-Currency, Hyper Fund', 'sub_title' => '', 'summary' => 'August 16: Nepal Rastra Bank (NRB) has once again warned the general public not to engage in transactions involving crypto-currency, virtual currency, hyper fund and network marketing. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 16: Nepal Rastra Bank (NRB) has once again warned the general public not to engage in transactions involving crypto-currency, virtual currency, hyper fund and network marketing. Issuing a notice on Monday, the central bank made it clear that such business in illegal in Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">This is the fourth time that the central bank has issued such notice for the welfare of the public stating that such transactions are not legally recognized and are not guaranteed by the Government of Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NRB argued that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB notice said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank also reminded that transactions involving crypto-currency, virtual currency including Stablecoins and network marketing (pyramid business) as well as hyper funds have high risks of money laundering, funding terrorism, and tax evasion. The notice further says that such transactions do not guarantee return of investment and also causes price instability. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Therefore, the NRB has warned all the Nepali citizens as well as foreigners residing in Nepal and all the firms registered in Nepal and operating within the country and abroad not to get involved in such activities. The central bank has warned of stern action if any of them are found involved in this illegal business.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15538', 'image' => '20220816103615_Cryptoshutterstock_1434643079.jpg', 'article_date' => '2022-08-16 10:34:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15796', 'article_category_id' => '1', 'title' => '10-Member Expert Group Formed to Study Nijgadh Airport', 'sub_title' => '', 'summary' => 'August 15: The government has formed an expert group to study the prospect of an international airport in Nijgadh, Bara after the full text of Supreme Court verdict on the disputed issue ruled that an international airport can be built in the district.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">August 15: The government has formed an expert group to study the prospect of an international airport in Nijgadh, Bara after the full text of Supreme Court verdict on the disputed issue ruled that an international airport can be built in the district.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">An expert group of 10 people has been formed under the coordination of former Director General of the Nepal Civil Aviation Authority of Nepal, Birendra Deuja. The expert panel has been mandated to submit a report within one month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">On 15 June, after the Supreme Court ruled in favour of the government that an airport can be built in Nijgadh on certain conditions. A meeting of the Council of Ministers then decided to form the group for further study. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Accordingly, the group has been formed which includes air infrastructure experts, anthropologists, as well as experts on wildlife, urban as well as air route, said Jagannath Niraula, spokesperson of Nepal Civil Aviation Authority of Nepal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He said that the group has been formed for the construction of the airport in accordance with Supreme Court verdict following the decision of the Council of Ministers a few days ago.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The report will be prepared within a month and then the airport construction process will start. The Supreme Court had issued a mandamus order on May 26 telling the government not to build an airport in Nijgadh almost three decades after the government had completed the study and initiated the process of acquiring land for the construction of the airport.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In the midst of confusion about whether or not to build an airport in Nijgadh, the government mentioned in the budget announcement for the current fiscal year that an airport would be built in Nijgadh. After some time, the full text of the Supreme Court's decision was made public which was also supportive of the idea of building an airport in Nijgadh using minimum forest area.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">A month and a half after the full text of the Supreme Court was released, the government formed an expert group. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Earlier, a petition was filed in the Supreme Court saying that the construction of the airport would cause great damage to the environment. However, the Supreme Court issued a full text stating that an airport can be built at the same location with minimal environmental damage.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif""> In the full text of the Supreme Court states that the government can form a group of neutral, impartial and skilled experts with expertise in the fields of environment, forest, wildlife, air service management, economists, sociologists, and administrators to find a way to reduce the environmental damage in all possible ways regarding the feasibility study of the economic and technical aspects of conducting flights.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Accordingly, Deuja, who is also an air infrastructure expert, is the coordinator of the expert group formed by the ministry. Economist Rameshwar Khanal, infrastructure expert Prof Dr Suryaraj Acharya, urban developer Prof Dr Sangeeta Singh, wildlife expert Prem Bahadur Budha are members of the group. Similarly, members of the expert group also include forestry expert Suresh Kumar Ghimire, anthropologist/sociologist Dr. Lakshmi Singh, senior pilot Captain Krishna Bikram Paudel Kshatri, senior lawyer Dr. Chandrakant Gyawali and air route expert Mahesh Kumar Basnet.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">It has been mentioned in the full text that it is necessary to make sure that an international airport should be built by considering the recommendations made in a report by an expert group. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">"It is believed that by fulfilling these conditions, there will be only minimal environmental damage and the construction of an airport at a location that is considered suitable from a technical point of view can be undertaken," the full text of Supreme Court verdict reads.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Almost 3 decades of time and more than Rs 1 billion have been spent on this project, including studies.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In point 57 of the policy and programmes for the current fiscal year, it is mentioned that the investment and construction of Nijgadh International Airport will be finalized so that the construction work will start from the year 2080/81.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15537', 'image' => '20220815054537_20220605082424_Environment (4).jpg', 'article_date' => '2022-08-15 17:44:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15795', 'article_category_id' => '1', 'title' => 'Insurance Authority to Regulate Insurance Sector', 'sub_title' => '', 'summary' => 'August 15: The government is preparing to regulate the insurance sector by the proposed Insurance Authority. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 15: The government is preparing to regulate the insurance sector by the proposed Insurance Authority. A meeting of the House of Representatives on Sunday passed the Insurance Bill 2079, that has provision of forming the Insurance Authority, by majority votes.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The bill will be implemented as a law once it gets passed by the National Assembly and is authenticated by the president.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The bill that was registered in the lower house in 2018 by the then Finance Minister Yuba Raj Khatiwada has been passed by the parliament after four years. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Deliberations on the bill started since August 6, 2018. The Finance Committee of parliament then began clause-wise deliberations on the bill on December 3 the same year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">However, the bill was stalled for a long time due to the dispute over the continuity of the tenure of the then chairman of the Insurance Board and other board members.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Lawmakers registered a total of 85 amendment proposals but the committee amended 124 points in the bill. Finally, finance minister Janardan Sharma on Sunday presented the bill with the report of the committee in parliament. The amendments made by the committee was included in the final draft of the bill. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The amended bill has also resolved the issue of the terms of the chairman and board members of the Insurance Board. The bill has a provision to give continuity to the chairman of the board and other board members in the proposed authority. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, there was a provision to appoint a new chairman and the board members. The then chairman of the Insurance Board Chiranjivi Chapagain has protested against such provision. Due to the dispute between Chapagain and Khatiwada, the discussion on the bill was prolonged.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the bill also has provision for establishing a separate Insurance Development Fund to increase the access of insurance in rural areas and among the poor people. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">One third of the regulatory charge of the insurance companies will have to be deposited in the fund. The fund will then be used for increasing access to insurance among the people of rural areas with low income and to organize orientation programmes. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The initial draft of the bill registered fours ago didn’t have the provision of setting up such fund. It was decided to set up the fun as per the suggestions of the lawmakers during the deliberation process. The committee has also reduced the regulatory fees that the insurance companies are obliged to pay. The initial draft of the bill had proposed insurance companies to pay 0.75 percent of the total insurance premium as regulatory fee every year. But the committee has lowered it to 0.50 percent. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15536', 'image' => '20220815052136_Insurance.jpg', 'article_date' => '2022-08-15 17:20:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15793', 'article_category_id' => '1', 'title' => 'Tatopani Customs Closed due to Rising Infection in Tibet', 'sub_title' => '', 'summary' => 'August 15: The Chinese government has stopped importing and exporting goods through the Tatopani customs due to the increase in infection rate of Covid-19 in various parts of Tibet. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">August 15: The Chinese government has stopped importing and exporting goods through the Tatopani customs due to the increase in infection rate of Covid-19 in various parts of Tibet. Head of Tatopani Dry Port Customs Office Narad Gautam said that the foreign trade through this checkpoint has come to a complete halt due to the one-way closure of the border. There is no information about when it will be operational, said Gautam.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"No goods have been imported from China since the last four days," he said while talking to the New Business Age on Saturday, "The Chinese authorities have not given us any information on this matter either." There is confusion as to when the border will be opened.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Chief District Officer Bednidhi Khanal said that they have received information that the import has been stopped due to the increase in Covid-19 infection in Tibet. "There have been reports of more than 50 cases of Covid-19 in Khasa region," he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Since the onset of Covid-19, the Tatopani customs has been operating one way. Trade between Nepal and China has been affected due to the border not being fully operational. Some time ago, the local administrations of both the countries had agreed to increase the import of goods through the border. However, after the rise in coronavirus cases in China again has halted the import from the border.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">On Friday, Speaker Agni Prasad Sapkota discussed with the Chinese ambassador to Nepal, Hou Yanqhi, to reopen the border checkpoint. The speaker's press advisor Shridhar Neupane informed that there was a discussion regarding opening trade channels between the two countries during the meeting.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In the meeting, Ambassador Yanqhi said that Nepal is a good neighbor of China, praised Nepal's commitment to the one-China policy, and said China is always positive about border operations. Before the Tatopani customs was closed, four to eight containers of Chinese goods were imported into Nepal daily. Apples, machinery equipment, and readymade clothes were basically imported through the border point.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Due to disasters such as landslides, earthquakes, floods, and coronavirus pandemic, the Tatopani border is being closed and opened time and again. The Sindhupalchok Chamber of Commerce and the Nepal Himalayan Cross Border Trade Association have repeatedly drawn the attention of the Nepalese government to fully operate the border checkpoint.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15535', 'image' => '20220815013114_Tatopani.jpg', 'article_date' => '2022-08-15 13:30:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15794', 'article_category_id' => '1', 'title' => 'SEBON Preparing to Halt Share Transactions of Merging Companies for only 15 Days', 'sub_title' => '', 'summary' => 'August 15: The Securities Board of Nepal (SEBON) is preparing to halt the share trading of companies listed in the secondary market for a maximum of 15 working days if they opt for the process of merger or acquisition.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: The Securities Board of Nepal (SEBON) is preparing to halt the share trading of companies listed in the secondary market for a maximum of 15 working days if they opt for the process of merger or acquisition. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">This provision is included in the initial draft of the Guidelines for Merger and Acquisition of Organized Institutions 2079 prepared by the board. If the final draft of the guidelines is prepared according to the proposal of the board, the share transaction of the listed companies will only be stopped for a maximum of 15 days during merger or acquisition.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision in the preliminary draft of the directive to maintain the period for completion of the merger or acquisition process within six months. The board has released the initial draft of the guidelines and has asked for suggestions from the stakeholders.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Chairman of the board Ramesh Kumar Hamal showed special interest in reducing the delay in share transaction after investors expressed their dissatisfaction regarding the suspension of share trading of listed companies for a long time during the merger and acquisition process.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There are instances of companies being suspended for a long time from share trading in the name of merger or acquisition. Due to this, the people who have invested in the shares of the listed company, no matter how big the financial problems are, cannot avoid the risk by selling the shares. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Hamal argued that shares should not be withheld for a long time during the merger and acquisition process. Due to his initiative, a new provision has been prepared for the suspension of share trading during the merger and acquisition process. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Hamal had discussed this issue with Nepal Rastra Bank and said that such arrangement should be amended. Accordingly, Nepal Rastra Bank has given the board the authority to decide on the period of suspension of share trading. Accordingly, the board prepared a draft of the guidelines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Banks and financial institutions have the largest share of companies listed in the secondary market. Through this year's monetary policy, Nepal Rastra Bank has abolished the existing provision of suspending share trading for merger and acquisition purposes and has made arrangements to comply with the regulation of SEBON.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the provision in the draft, from the date of commencement of integrated transaction, the merging organizations must be suspended for a maximum of 15 working days for work such as stock matching, re-registration of securities, dematerialization and listing of securities. In addition, the board is preparing to make a provision that if the name of the organization is not changed, the share trading of the organization will not be stopped.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15534', 'image' => '20220815042810_merger.jpg', 'article_date' => '2022-08-15 16:27:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15792', 'article_category_id' => '1', 'title' => '1700 Vehicles Pile up at Birgunj Customs', 'sub_title' => '', 'summary' => 'August 15: Vehicles are piling up at Birgunj customs due to the strict import policy of government and lack of liquidity.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: Vehicles are piling up at Birgunj customs due to the strict import policy of government and lack of liquidity. The government chose this measure in order to solve the pressure on the foreign exchange reserves, compelling the banks to stop credit investment for the purchase of luxury vehicles.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Since there is no demand for new vehicles in the market, the importers have not cleared the vehicles from the customs office. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Harihar Paudel, Chief Customs Officer of Birgunj Customs, said that the importers have delayed the release of the vehicles because they do not have the money to pay for the revenue for customs clearance as the banks have refused to open Letter of Credit (LC) for this purpose.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Kamal Gyawali, head of Nepal Intermodal Transport Development Board (NITDB) Birgunj informed that more than 1,700 new vehicles are parked on the premises of the integrated check post (ICP) in Birgunj. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“The ICP has a parking capacity of up to 400 vehicles. After piling up of more than 1,700 vehicles, the management has become chaotic,” he said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government has banned the import of vehicles worth more than five million rupees. The import of vehicles has also declined in the last months of the last fiscal year due to the tightening of imports.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Banks have almost stopped lending credit on cars. Importers say that there is no demand in the market due to lack of vehicle loans. It seems that the import of such vehicles from Birgunj, the main port of vehicle import, has decreased since last November.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Data from the customs shows decline in import every month since November of the last fiscal year as compared to the previous fiscal year. From mid-June to mid-July, only 68 jeeps passed customs clearance through Birgunj Customs. In the corresponding period of the previous fiscal year, this number was 487.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government gradually started tightening the import from the second quarter of the last fiscal year. Since then, the data shows that the import of light vehicles is continuously decreasing. Some importers have even rented land in the border Indian city of Raxaul and kept their vehicles there.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision to refund the goods and services tax (GST) of the vehicle imported from India only after submitting proof that it has cleared the Indian customs within 3 months. For GST compliance in India, importers now have to import vehicles in a rush. However, importers have not released the vehicles that have arrived at the customs office.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15533', 'image' => '20220815011457_1660393906.jpg', 'article_date' => '2022-08-15 13:14:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '15805', 'article_category_id' => '1', 'title' => 'Service Sector to Contribute 61 Percent to Economic Growth in FY 2021/22', 'sub_title' => '', 'summary' => 'August 17: The Central Bureau of Statistics (CBS) has estimated economic growth of 5.84 percent for the Fiscal Year 2021/22. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 17: The Central Bureau of Statistics (CBS) has estimated economic growth of 5.84 percent for the Fiscal Year 2021/22. Agriculture, industry and service sectors are estimated to grow 2.30 percent, 10.19 percent and 5.93 percent respectively, according to the latest report released by Nepal Rastra Bank.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report released by the central bank on Tuesday states that the share of agriculture, industry and service sectors in GDP in FY 2021/22 stands at 23.95 percent, 14.29 percent and 61.76 percent respectively.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the report, gross domestic saving to GDP stands at 9.27 percent in FY 2021/22. The ratio of gross fixed capital formation and gross national saving to GDP stands at 29.37 percent and 31.95 percent respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, the installed capacity of electricity increased to 2189.6 Megawatt during the review year, which consists of 2075.4 Megawatts of hydro electricity, 54.8 Megawatts of solar electricity, 6.0 Megawatts of cogeneration and 53.4 Megawatts of thermal electricity.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The total number of tourist arrivals increased significantly to 3,70,906 in FY 2021/22, which was 70,123 in the previous fiscal year, the report added.</span></span></p> ', 'published' => true, 'created' => '2022-08-17', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15547', 'image' => '20220817123841_economic-growth.jpg', 'article_date' => '2022-08-17 12:37:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15804', 'article_category_id' => '1', 'title' => 'Central Bank Toughens Measures on Foreign Currency Exchange ', 'sub_title' => '', 'summary' => 'August 17: Nepal Rastra Bank (NRB) has tightened the facility provided for foreign currency exchange for import and export of goods. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 17: Nepal Rastra Bank (NRB) has tightened the facility provided for foreign currency exchange for import and export of goods. The central bank made such arrangement in a bid to toughen its stance against trade-based money laundering that can be promoted through import and export, reads a notice issued by the central bank. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing an amended version of the Unified Directive on Tuesday, the central bank ordered the licensed banks and financial institutions (BFIs) to formulate necessary work procedure to discourage money laundering. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Unified Directive states that an internal mechanism will be created to deal with money laundering and the exchange facility can be provided if it is found realistic after comparative analysis between the prices of goods in the international market (proforma invoice). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank placed tough measures after the importers were found stating one thing in document and another in practice while importing goods and increasing transactions in foreign currency, the state-owned national news agency RSS reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Meanwhile, the central bank through the Unified Directive has also increased the daily limit of remittance inflow into the country through authorized companies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the new provision, registered companies can deposit remittance up to Rs 1.5 million in the bank accounts of the beneficiary on a daily basis. Prior to this, the maximum limit of remittance inflow was Rs 1 million per day.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank has also instructed the remittance companies to keep records of the personal details of the people sending and receiving money as per the rules.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-17', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15546', 'image' => '20220817120833_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2022-08-17 12:07:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15806', 'article_category_id' => '1', 'title' => 'New Business Age to Award Best Business Schools Today', 'sub_title' => '', 'summary' => 'August 17: New Business Age Pvt Ltd is organizing the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards today.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 17: New Business Age Pvt Ltd is organizing the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards today.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the organizers, the best colleges will be awarded in four different categories from among more than 2,300 business schools across the country.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A total of 16 colleges will be awarded in four different categories during the award distribution ceremony to be held at 4 pm today afternoon (August 17). The organizers informed that three best colleges for MBA/MBS, three each for BBA/BBS, three best colleges for BHM and one college from each of the seven provinces will be honored during the event.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Among them, one best college in the first three categories will be given trophies and certificates, while certificates will be distributed to the second and third-position holders.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, certificates will be given to the best colleges in each province.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A panel discussion among experts on the topic of 'Future of Management Education' is also scheduled during the programme.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">An independent jury consisting of experts from various fields have selected the best school after phase-wise evaluation. According to the jury, 602 out of 2,300 schools were shortlisted based on the website of the schools.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Around 300 schools were selected in the second stage based on the school's mission, vision and slogan. A total of 57 schools were selected in the third round on the basis of five years of operation.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the jury, quality and standard, educational infrastructure, quality of academic activities, student-led activities, entrepreneurship promotion programme, relationship with real professional organizations, and employment opportunities were taken into consideration while selecting the school for the awards.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The main sponsor of the program is Prabhu Bank Limited, while Yamaha, Mahalaxmi Bikas Bank Ltd, Tata Nexon, Everest Bank, Hama Steel, United Insurance, DishHome Fiber Net and Nepali Patro are the co-sponsors of the event.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-17', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15545', 'image' => '20220817012621_1660631726.logo.jpg', 'article_date' => '2022-08-17 13:25:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15803', 'article_category_id' => '1', 'title' => 'Biratnagar High Court Orders not to Open the Seals put on Betel Nuts by Indian Customs', 'sub_title' => '', 'summary' => 'August 16: Biratnagar High Court has ordered the concerned bodies not to open the seal placed by the Indian customs on the truck carrying betel nuts that was impounded by the police on suspicion of carrying illegal goods ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">August 16: Biratnagar High Court has ordered the concerned bodies not to open the seal placed by the Indian customs on the truck carrying betel nuts that was impounded by the police on suspicion of carrying illegal goods and handed over to the Revenue Investigation Office, Itahari. The court has also ordered to bring both parties together for discussion on Tuesday (today).</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The Indian customs had checked and sealed the betel nuts carrying vehicle which being to India using the route of Nepal but was arrested by the police and handed over to the revenue investigation office.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The high court issued the order in response to a case filed by Navin Ghimire, the owner of exporter company Mankamana Traders.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Morang police seized the betel nuts on July 20 and handed it over to the Revenue Investigation Office, Itahari July 23. Ghimire, the exporter, filed a writ in the High Court last Thursday, against the District Police Office Morang, Customs Department, Customs Office Biratnagar and Revenue Investigation Office Itahari.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">A single bench of High Court Judge Milan Kumar Rai issued the order which says, “Considering that an interim order has also been requested in this matter, as it seems appropriate to reach a proper conclusion by bringing together both parties for discussion on 2079/04/31.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The bench also ordered not to remove the seals issued by the Jogbani Customs Office, India on the eight trucks until another decision.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Senior advocate Ramesh Koirala and another advocate Dilliram Ghimire had argued on behalf of Manakamana Traders. Director General of Revenue Investigation Department Jhalakram Adhikari is saying that he and his office cannot open the seals imposed by Indian Customs. The betel nut destined for export has been on the premises of Revenue Research Office Itahari since July 23.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15544', 'image' => '20220816071250_betel nut.jpg', 'article_date' => '2022-08-16 19:12:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15802', 'article_category_id' => '1', 'title' => 'Girl Students Attracted towards Technical Education in Myagdi', 'sub_title' => '', 'summary' => 'August 16: Students from 12 districts have arrived at Shree Kisani Agriculture Technical School in Malika Rural Municipality-7 of Myagdi to study agricultural subjects.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 16: Students from 12 districts have arrived at Shree Kisani Agriculture Technical School in Malika Rural Municipality-7 of Myagdi to study agricultural subjects. The technical education school, which was established in 2011, has produced more than 500 agricultural technicians in 11 years. In addition, the school also said that it has made a significant achievement in the physical infrastructure recently.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Karan Kandel, coordinator of the school said that students are taught using the latest information and technology tools in addition to practical education by taking them to farmers' fields and cattle sheds.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The statistics of the technical schools shows that there are more female students than male students. After receiving affiliation from CTEVT in 2011, the school is conducting courses for JTA of 18 months, ISc (AG) of three years (since 2017) and veterinary (medicine or treatment of animal diseases) since 2019.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Currently students from Surkhet, Jumla, Humla, Mugu, Kailali, Chitwan, Kaski, Baglung, Myagdi and other districts have come to study in the school.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to coordinator Kandel, currently 141 students from different districts are studying in the school including 90 female students and 51 male students. Among the students, 141 students are studying agriculture and animal science including 51 pursuing diploma in agriculture, 60 seeking diploma in livestock and 30 undergoing pre-diploma. Coordinator Kandel informed that the number of students is increasing because they can get quality education with residential facilities for just Rs 5,000 per month.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15543', 'image' => '20220816044449_1660604743.12 MAgdi school.jpg', 'article_date' => '2022-08-16 16:44:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15801', 'article_category_id' => '1', 'title' => 'MCA Nepal to Spend Rs 8.5 Billion on MCC Project this Year', 'sub_title' => '', 'summary' => 'August 16: The Millennium Challenge Account (MCA) Nepal is preparing to spend more than Rs 8.5 billion on electricity and road infrastructures under the Millennium Challenge Corporation (MCC)', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 16: The Millennium Challenge Account (MCA) Nepal is preparing to spend more than Rs 8.5 billion on electricity and road infrastructures under the Millennium Challenge Corporation (MCC) funded by the US government in the current fiscal year (FY 2022/23).</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to MCA Nepal, Rs 7.57 billion will be spent on the road maintenance project and Rs 1.7 billion on the power transmission line project. The budget allocated for the projects under the MCC for the current year is Rs 9.27 billion. Out of the allocated budget, Rs 8.91 billion will be in the form of US grant. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the Ministry of Finance, the Government of Nepal will contribute Rs 365.6 million from its own sources for those project this year. Most of the amount allocated for this project will be spent for capital expenditure.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The MCC's goal is to construct a 315 km long 400 kV power transmission line and three 400 kV substations and to repair and expand 77 km of roads using new technology. To achieve this goal, the project is being implemented this year after it was endorsed by the parliament during the last fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to MCA Nepal, it will build a high voltage grid which is currently lacking in Nepal. The transmission line will pass through 18 rural municipalities, 11 municipalities and one sub-metropolitan city in Kathmandu, Sindhupalchok, Nuwakot, Dhading, Chitwan, Makwanpur, Tanahun, Palpa, Nawalpur and Parasi in three provinces - Bagmati, Gandaki and Lumbini.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Three new 400 kV indoor gas substations are being built for the power transmission line project. Ratmate substation will be constructed in Belkotgarhi Municipality of Nuwakot district, Damauli substation in Damauli of Tanahun district and Butwal substation in Bhumhi of Parasi district. In addition to these three substations, the transmission line under MCC will also be connected to Lapsiphedi and Nepal Electricity Authority's new Hetauda substation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">MCA Nepal’s Executive Director Khadga Bahadur Bista said that the process of land acquisition, approval for cutting down trees, environmental impact assessment (EIA), preparation for tender documents, and the tender process are currently underway in order to start the construction of these projects.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to Bista, the MCC will be spending money on the road maintenance project to improve the quality of Nepal's strategic road network. The project will serve as an example to allocate budget for periodic maintenance of the country's strategic road network. For that purpose, a matching fund of USD 52.22 million has been allocated.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to MCA Nepal, under the road maintenance project, around 77 kilometres of road will be upgraded using state-of-the-art technology.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Under the project, 40 kilometres from Dhankhola to Lamhi and 37 kilometres from Lamhi to Shivkhola will be renovated.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15542', 'image' => '20220816034051_MCC.jpg', 'article_date' => '2022-08-16 15:39:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15800', 'article_category_id' => '1', 'title' => 'Preparation for 6th NewBiz B Schools Rating, Ranking and Awards Complete', 'sub_title' => '', 'summary' => 'August 16: Preparations have been completed for the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards, an annual event which organized by New Business Age Pvt Ltd every year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 16: Preparations have been completed for the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards, an annual event which organized by New Business Age Pvt Ltd every year. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the organizers, the best colleges will be awarded in four different categories from among more than 2,300 business schools across the country.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A total of 16 colleges will be awarded in four different categories in the award distribution event to be held on August 17. The organizers informed that three best colleges for MBA/MBS, three each for BBA/BBS, three best colleges for BHM and one college from each of the seven provinces will be honored during the event. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Among them, one best college in the first three categories will be given trophies and certificates, while certificates will be distributed to the second and third-position holders. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, certificates will be given to the best colleges in each province. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A panel discussion among experts on the topic of 'Future of Management Education' is also scheduled during the programme.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">An independent jury consisting of experts from various fields have selected the best school after phase-wise evaluation. According to the jury, 602 out of 2,300 schools were shortlisted based on the website of the schools. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Around 300 schools were selected in the second stage based on the school's mission, vision and slogan. A total of 57 schools were selected in the third round on the basis of five years of operation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the jury, quality and standard, educational infrastructure, quality of academic activities, student-led activities, entrepreneurship promotion programme, relationship with real professional organizations, and employment opportunities were taken into consideration while selecting the school for the awards.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The main sponsor of the program is Prabhu Bank Limited, while Yamaha, Mahalaxmi Bikas Bank Ltd, Tata Nexon, Everest Bank, Hama Steel, United Insurance, DishHome Fiber Net and Nepali Patro are the co-sponsors of the event.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15541', 'image' => '20220817124758_166071w3698.jpg', 'article_date' => '2022-08-16 14:12:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15799', 'article_category_id' => '1', 'title' => 'Israel to Hire Additional One Thousand Workers from Nepal', 'sub_title' => '', 'summary' => 'August 16: Israel has decided to employ an additional 1,000 workers from Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 16: Israel has decided to employ an additional 1,000 workers from Nepal. Israel’s ambassador to Nepal Hanan Goder informed Minister for Labour, Employment and Social Security Sher Bahadur Kunwar about the decision to hire the workers during a meeting on Monday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the meeting, Ambassador Goder said that the Government of Israel had taken a decision on Sunday (August 14) to employ 1,000 workers from Nepal in the field of agriculture. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Ambassador Goder also informed that the Government of Israel has selected 1147 workers from among 9699 applicants who had applied for jobs in Israel earlier. According to the ambassador, the Government of Israel is in the process of taking the selected workers to Israel.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On the occasion, Minister Kunwar thanked Ambassador Goder for all kinds of support extended by the Government of Israel to Nepal. He also requested the ambassador for further support in sectors like agriculture, tourism and industry. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the meeting, Labour Minister Kunwar also informed the ambassador that the Government of Nepal has recently adopted a policy for re-integration of returnee migrant workers and urged for help from investors in Israel for this programme. He also informed Ambassador Goder that lots of Nepalis are aspiring to work in Israel and requested him to expedite the process.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Earlier in July 2021, the government of Israel had announced vacancy for 1,000 workers from Nepal for the health sector. The two countries then signed a bilateral agreement on September 30, 2021 and a ‘protocol’ to send Nepali workers to Israel was finalized a month later to send workers to Israel. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The protocol mentions about issues like the process of sending workers to Israel, their qualification, perks and benefits in accordance to the labour agreement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Back then, it was also agreed that the Nepali workers will get opportunities to work in hotels and restaurants, agriculture sector, construction works among others in Israel besides the health sector. As per the agreement, Israel has now opened vacancy for the agriculture sector.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepali workers willing to go to Israel for work will have to pay the visa fee, medical test fee as well as orientation charge and a certain amount to the welfare fund themselves, as per the protocol.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepal had also signed a labour pact with Israel in 2015. Back then, very few Nepalis had gone to Israel for work. Israel had agreed to take nurses and care givers having three months of training but the agreement could not be implemented for a long time.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15540', 'image' => '20220816011235_1660629825.थप १ हजार नेपाली कामदार लैजाँदै इजरायल.jpg', 'article_date' => '2022-08-16 13:11:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15798', 'article_category_id' => '1', 'title' => 'Manang becoming a Preferred Destination among Foreign Tourists', 'sub_title' => '', 'summary' => 'August 16: Of late, Manang district is becoming the preferred destination of foreign tourists visiting Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 16: Of late, Manang district is becoming the preferred destination of foreign tourists visiting Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Majority of tourists visiting Nepal are found to have arrived here with the specific plan of visiting Manang district. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This place has become a favorite destination among the foreign tourists due to its organic food, natural landscape, cultural heritage and captivating environment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the state-owned national news agency RSS, foreign tourists arrive here with an itinerary of visiting Manang. It has become the most preferred choice among the trekkers who come here to visit the Tilicho Lake, which is the highest-altitude lake in Nepal, and the Thorang-La Pass. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The arrival of tourists had come to a standstill for almost two years after the outbreak of the Covid-19 pandemic. However, the arrival of tourists improved last year following a decline in infection rate. Thereafter, the number of tourists visiting Manang has also increased.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The number of tourists visiting Manang in Fiscal Year 2021/22 was higher than the number in FY 2020/21. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of the total 285,363 foreign tourists who arrived in Nepal during the last fiscal year (FY 2021/22), a total of 7,020 tourists visited Manang. Among them, 4,749 were male and 2,271 were female, informed Lekhnath Gautam, chief of the Annapurna Area Conservation Project (ACAP). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Gautam, most of the tourists visited Manang in the months of Kartik (mid-October to mid-November), Chaitra (mid-March to mid-April) and Baishakh (mid-April to mid-May). The data was based on the entry permits issued to the tourists at ACAP checkpoint in Dharapani, RSS reported.</span></span></p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15539', 'image' => '20220816121442_Manang.jpg', 'article_date' => '2022-08-16 12:14:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15797', 'article_category_id' => '1', 'title' => 'NRB Issues Fresh Warning against Crypto-Currency, Hyper Fund', 'sub_title' => '', 'summary' => 'August 16: Nepal Rastra Bank (NRB) has once again warned the general public not to engage in transactions involving crypto-currency, virtual currency, hyper fund and network marketing. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 16: Nepal Rastra Bank (NRB) has once again warned the general public not to engage in transactions involving crypto-currency, virtual currency, hyper fund and network marketing. Issuing a notice on Monday, the central bank made it clear that such business in illegal in Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">This is the fourth time that the central bank has issued such notice for the welfare of the public stating that such transactions are not legally recognized and are not guaranteed by the Government of Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NRB argued that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB notice said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank also reminded that transactions involving crypto-currency, virtual currency including Stablecoins and network marketing (pyramid business) as well as hyper funds have high risks of money laundering, funding terrorism, and tax evasion. The notice further says that such transactions do not guarantee return of investment and also causes price instability. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Therefore, the NRB has warned all the Nepali citizens as well as foreigners residing in Nepal and all the firms registered in Nepal and operating within the country and abroad not to get involved in such activities. The central bank has warned of stern action if any of them are found involved in this illegal business.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15538', 'image' => '20220816103615_Cryptoshutterstock_1434643079.jpg', 'article_date' => '2022-08-16 10:34:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15796', 'article_category_id' => '1', 'title' => '10-Member Expert Group Formed to Study Nijgadh Airport', 'sub_title' => '', 'summary' => 'August 15: The government has formed an expert group to study the prospect of an international airport in Nijgadh, Bara after the full text of Supreme Court verdict on the disputed issue ruled that an international airport can be built in the district.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">August 15: The government has formed an expert group to study the prospect of an international airport in Nijgadh, Bara after the full text of Supreme Court verdict on the disputed issue ruled that an international airport can be built in the district.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">An expert group of 10 people has been formed under the coordination of former Director General of the Nepal Civil Aviation Authority of Nepal, Birendra Deuja. The expert panel has been mandated to submit a report within one month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">On 15 June, after the Supreme Court ruled in favour of the government that an airport can be built in Nijgadh on certain conditions. A meeting of the Council of Ministers then decided to form the group for further study. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Accordingly, the group has been formed which includes air infrastructure experts, anthropologists, as well as experts on wildlife, urban as well as air route, said Jagannath Niraula, spokesperson of Nepal Civil Aviation Authority of Nepal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He said that the group has been formed for the construction of the airport in accordance with Supreme Court verdict following the decision of the Council of Ministers a few days ago.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The report will be prepared within a month and then the airport construction process will start. The Supreme Court had issued a mandamus order on May 26 telling the government not to build an airport in Nijgadh almost three decades after the government had completed the study and initiated the process of acquiring land for the construction of the airport.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In the midst of confusion about whether or not to build an airport in Nijgadh, the government mentioned in the budget announcement for the current fiscal year that an airport would be built in Nijgadh. After some time, the full text of the Supreme Court's decision was made public which was also supportive of the idea of building an airport in Nijgadh using minimum forest area.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">A month and a half after the full text of the Supreme Court was released, the government formed an expert group. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Earlier, a petition was filed in the Supreme Court saying that the construction of the airport would cause great damage to the environment. However, the Supreme Court issued a full text stating that an airport can be built at the same location with minimal environmental damage.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif""> In the full text of the Supreme Court states that the government can form a group of neutral, impartial and skilled experts with expertise in the fields of environment, forest, wildlife, air service management, economists, sociologists, and administrators to find a way to reduce the environmental damage in all possible ways regarding the feasibility study of the economic and technical aspects of conducting flights.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Accordingly, Deuja, who is also an air infrastructure expert, is the coordinator of the expert group formed by the ministry. Economist Rameshwar Khanal, infrastructure expert Prof Dr Suryaraj Acharya, urban developer Prof Dr Sangeeta Singh, wildlife expert Prem Bahadur Budha are members of the group. Similarly, members of the expert group also include forestry expert Suresh Kumar Ghimire, anthropologist/sociologist Dr. Lakshmi Singh, senior pilot Captain Krishna Bikram Paudel Kshatri, senior lawyer Dr. Chandrakant Gyawali and air route expert Mahesh Kumar Basnet.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">It has been mentioned in the full text that it is necessary to make sure that an international airport should be built by considering the recommendations made in a report by an expert group. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">"It is believed that by fulfilling these conditions, there will be only minimal environmental damage and the construction of an airport at a location that is considered suitable from a technical point of view can be undertaken," the full text of Supreme Court verdict reads.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Almost 3 decades of time and more than Rs 1 billion have been spent on this project, including studies.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In point 57 of the policy and programmes for the current fiscal year, it is mentioned that the investment and construction of Nijgadh International Airport will be finalized so that the construction work will start from the year 2080/81.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15537', 'image' => '20220815054537_20220605082424_Environment (4).jpg', 'article_date' => '2022-08-15 17:44:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15795', 'article_category_id' => '1', 'title' => 'Insurance Authority to Regulate Insurance Sector', 'sub_title' => '', 'summary' => 'August 15: The government is preparing to regulate the insurance sector by the proposed Insurance Authority. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 15: The government is preparing to regulate the insurance sector by the proposed Insurance Authority. A meeting of the House of Representatives on Sunday passed the Insurance Bill 2079, that has provision of forming the Insurance Authority, by majority votes.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The bill will be implemented as a law once it gets passed by the National Assembly and is authenticated by the president.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The bill that was registered in the lower house in 2018 by the then Finance Minister Yuba Raj Khatiwada has been passed by the parliament after four years. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Deliberations on the bill started since August 6, 2018. The Finance Committee of parliament then began clause-wise deliberations on the bill on December 3 the same year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">However, the bill was stalled for a long time due to the dispute over the continuity of the tenure of the then chairman of the Insurance Board and other board members.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Lawmakers registered a total of 85 amendment proposals but the committee amended 124 points in the bill. Finally, finance minister Janardan Sharma on Sunday presented the bill with the report of the committee in parliament. The amendments made by the committee was included in the final draft of the bill. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The amended bill has also resolved the issue of the terms of the chairman and board members of the Insurance Board. The bill has a provision to give continuity to the chairman of the board and other board members in the proposed authority. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, there was a provision to appoint a new chairman and the board members. The then chairman of the Insurance Board Chiranjivi Chapagain has protested against such provision. Due to the dispute between Chapagain and Khatiwada, the discussion on the bill was prolonged.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the bill also has provision for establishing a separate Insurance Development Fund to increase the access of insurance in rural areas and among the poor people. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">One third of the regulatory charge of the insurance companies will have to be deposited in the fund. The fund will then be used for increasing access to insurance among the people of rural areas with low income and to organize orientation programmes. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The initial draft of the bill registered fours ago didn’t have the provision of setting up such fund. It was decided to set up the fun as per the suggestions of the lawmakers during the deliberation process. The committee has also reduced the regulatory fees that the insurance companies are obliged to pay. The initial draft of the bill had proposed insurance companies to pay 0.75 percent of the total insurance premium as regulatory fee every year. But the committee has lowered it to 0.50 percent. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15536', 'image' => '20220815052136_Insurance.jpg', 'article_date' => '2022-08-15 17:20:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15793', 'article_category_id' => '1', 'title' => 'Tatopani Customs Closed due to Rising Infection in Tibet', 'sub_title' => '', 'summary' => 'August 15: The Chinese government has stopped importing and exporting goods through the Tatopani customs due to the increase in infection rate of Covid-19 in various parts of Tibet. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">August 15: The Chinese government has stopped importing and exporting goods through the Tatopani customs due to the increase in infection rate of Covid-19 in various parts of Tibet. Head of Tatopani Dry Port Customs Office Narad Gautam said that the foreign trade through this checkpoint has come to a complete halt due to the one-way closure of the border. There is no information about when it will be operational, said Gautam.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"No goods have been imported from China since the last four days," he said while talking to the New Business Age on Saturday, "The Chinese authorities have not given us any information on this matter either." There is confusion as to when the border will be opened.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Chief District Officer Bednidhi Khanal said that they have received information that the import has been stopped due to the increase in Covid-19 infection in Tibet. "There have been reports of more than 50 cases of Covid-19 in Khasa region," he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Since the onset of Covid-19, the Tatopani customs has been operating one way. Trade between Nepal and China has been affected due to the border not being fully operational. Some time ago, the local administrations of both the countries had agreed to increase the import of goods through the border. However, after the rise in coronavirus cases in China again has halted the import from the border.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">On Friday, Speaker Agni Prasad Sapkota discussed with the Chinese ambassador to Nepal, Hou Yanqhi, to reopen the border checkpoint. The speaker's press advisor Shridhar Neupane informed that there was a discussion regarding opening trade channels between the two countries during the meeting.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In the meeting, Ambassador Yanqhi said that Nepal is a good neighbor of China, praised Nepal's commitment to the one-China policy, and said China is always positive about border operations. Before the Tatopani customs was closed, four to eight containers of Chinese goods were imported into Nepal daily. Apples, machinery equipment, and readymade clothes were basically imported through the border point.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Due to disasters such as landslides, earthquakes, floods, and coronavirus pandemic, the Tatopani border is being closed and opened time and again. The Sindhupalchok Chamber of Commerce and the Nepal Himalayan Cross Border Trade Association have repeatedly drawn the attention of the Nepalese government to fully operate the border checkpoint.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15535', 'image' => '20220815013114_Tatopani.jpg', 'article_date' => '2022-08-15 13:30:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15794', 'article_category_id' => '1', 'title' => 'SEBON Preparing to Halt Share Transactions of Merging Companies for only 15 Days', 'sub_title' => '', 'summary' => 'August 15: The Securities Board of Nepal (SEBON) is preparing to halt the share trading of companies listed in the secondary market for a maximum of 15 working days if they opt for the process of merger or acquisition.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: The Securities Board of Nepal (SEBON) is preparing to halt the share trading of companies listed in the secondary market for a maximum of 15 working days if they opt for the process of merger or acquisition. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">This provision is included in the initial draft of the Guidelines for Merger and Acquisition of Organized Institutions 2079 prepared by the board. If the final draft of the guidelines is prepared according to the proposal of the board, the share transaction of the listed companies will only be stopped for a maximum of 15 days during merger or acquisition.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision in the preliminary draft of the directive to maintain the period for completion of the merger or acquisition process within six months. The board has released the initial draft of the guidelines and has asked for suggestions from the stakeholders.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Chairman of the board Ramesh Kumar Hamal showed special interest in reducing the delay in share transaction after investors expressed their dissatisfaction regarding the suspension of share trading of listed companies for a long time during the merger and acquisition process.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There are instances of companies being suspended for a long time from share trading in the name of merger or acquisition. Due to this, the people who have invested in the shares of the listed company, no matter how big the financial problems are, cannot avoid the risk by selling the shares. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Hamal argued that shares should not be withheld for a long time during the merger and acquisition process. Due to his initiative, a new provision has been prepared for the suspension of share trading during the merger and acquisition process. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Hamal had discussed this issue with Nepal Rastra Bank and said that such arrangement should be amended. Accordingly, Nepal Rastra Bank has given the board the authority to decide on the period of suspension of share trading. Accordingly, the board prepared a draft of the guidelines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Banks and financial institutions have the largest share of companies listed in the secondary market. Through this year's monetary policy, Nepal Rastra Bank has abolished the existing provision of suspending share trading for merger and acquisition purposes and has made arrangements to comply with the regulation of SEBON.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the provision in the draft, from the date of commencement of integrated transaction, the merging organizations must be suspended for a maximum of 15 working days for work such as stock matching, re-registration of securities, dematerialization and listing of securities. In addition, the board is preparing to make a provision that if the name of the organization is not changed, the share trading of the organization will not be stopped.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15534', 'image' => '20220815042810_merger.jpg', 'article_date' => '2022-08-15 16:27:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15792', 'article_category_id' => '1', 'title' => '1700 Vehicles Pile up at Birgunj Customs', 'sub_title' => '', 'summary' => 'August 15: Vehicles are piling up at Birgunj customs due to the strict import policy of government and lack of liquidity.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: Vehicles are piling up at Birgunj customs due to the strict import policy of government and lack of liquidity. The government chose this measure in order to solve the pressure on the foreign exchange reserves, compelling the banks to stop credit investment for the purchase of luxury vehicles.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Since there is no demand for new vehicles in the market, the importers have not cleared the vehicles from the customs office. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Harihar Paudel, Chief Customs Officer of Birgunj Customs, said that the importers have delayed the release of the vehicles because they do not have the money to pay for the revenue for customs clearance as the banks have refused to open Letter of Credit (LC) for this purpose.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Kamal Gyawali, head of Nepal Intermodal Transport Development Board (NITDB) Birgunj informed that more than 1,700 new vehicles are parked on the premises of the integrated check post (ICP) in Birgunj. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“The ICP has a parking capacity of up to 400 vehicles. After piling up of more than 1,700 vehicles, the management has become chaotic,” he said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government has banned the import of vehicles worth more than five million rupees. The import of vehicles has also declined in the last months of the last fiscal year due to the tightening of imports.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Banks have almost stopped lending credit on cars. Importers say that there is no demand in the market due to lack of vehicle loans. It seems that the import of such vehicles from Birgunj, the main port of vehicle import, has decreased since last November.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Data from the customs shows decline in import every month since November of the last fiscal year as compared to the previous fiscal year. From mid-June to mid-July, only 68 jeeps passed customs clearance through Birgunj Customs. In the corresponding period of the previous fiscal year, this number was 487.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government gradually started tightening the import from the second quarter of the last fiscal year. Since then, the data shows that the import of light vehicles is continuously decreasing. Some importers have even rented land in the border Indian city of Raxaul and kept their vehicles there.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision to refund the goods and services tax (GST) of the vehicle imported from India only after submitting proof that it has cleared the Indian customs within 3 months. For GST compliance in India, importers now have to import vehicles in a rush. However, importers have not released the vehicles that have arrived at the customs office.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15533', 'image' => '20220815011457_1660393906.jpg', 'article_date' => '2022-08-15 13:14:26', '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
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '15805', 'article_category_id' => '1', 'title' => 'Service Sector to Contribute 61 Percent to Economic Growth in FY 2021/22', 'sub_title' => '', 'summary' => 'August 17: The Central Bureau of Statistics (CBS) has estimated economic growth of 5.84 percent for the Fiscal Year 2021/22. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 17: The Central Bureau of Statistics (CBS) has estimated economic growth of 5.84 percent for the Fiscal Year 2021/22. Agriculture, industry and service sectors are estimated to grow 2.30 percent, 10.19 percent and 5.93 percent respectively, according to the latest report released by Nepal Rastra Bank.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report released by the central bank on Tuesday states that the share of agriculture, industry and service sectors in GDP in FY 2021/22 stands at 23.95 percent, 14.29 percent and 61.76 percent respectively.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the report, gross domestic saving to GDP stands at 9.27 percent in FY 2021/22. The ratio of gross fixed capital formation and gross national saving to GDP stands at 29.37 percent and 31.95 percent respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, the installed capacity of electricity increased to 2189.6 Megawatt during the review year, which consists of 2075.4 Megawatts of hydro electricity, 54.8 Megawatts of solar electricity, 6.0 Megawatts of cogeneration and 53.4 Megawatts of thermal electricity.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The total number of tourist arrivals increased significantly to 3,70,906 in FY 2021/22, which was 70,123 in the previous fiscal year, the report added.</span></span></p> ', 'published' => true, 'created' => '2022-08-17', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15547', 'image' => '20220817123841_economic-growth.jpg', 'article_date' => '2022-08-17 12:37:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15804', 'article_category_id' => '1', 'title' => 'Central Bank Toughens Measures on Foreign Currency Exchange ', 'sub_title' => '', 'summary' => 'August 17: Nepal Rastra Bank (NRB) has tightened the facility provided for foreign currency exchange for import and export of goods. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 17: Nepal Rastra Bank (NRB) has tightened the facility provided for foreign currency exchange for import and export of goods. The central bank made such arrangement in a bid to toughen its stance against trade-based money laundering that can be promoted through import and export, reads a notice issued by the central bank. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing an amended version of the Unified Directive on Tuesday, the central bank ordered the licensed banks and financial institutions (BFIs) to formulate necessary work procedure to discourage money laundering. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Unified Directive states that an internal mechanism will be created to deal with money laundering and the exchange facility can be provided if it is found realistic after comparative analysis between the prices of goods in the international market (proforma invoice). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank placed tough measures after the importers were found stating one thing in document and another in practice while importing goods and increasing transactions in foreign currency, the state-owned national news agency RSS reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Meanwhile, the central bank through the Unified Directive has also increased the daily limit of remittance inflow into the country through authorized companies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the new provision, registered companies can deposit remittance up to Rs 1.5 million in the bank accounts of the beneficiary on a daily basis. Prior to this, the maximum limit of remittance inflow was Rs 1 million per day.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank has also instructed the remittance companies to keep records of the personal details of the people sending and receiving money as per the rules.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-17', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15546', 'image' => '20220817120833_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2022-08-17 12:07:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15806', 'article_category_id' => '1', 'title' => 'New Business Age to Award Best Business Schools Today', 'sub_title' => '', 'summary' => 'August 17: New Business Age Pvt Ltd is organizing the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards today.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 17: New Business Age Pvt Ltd is organizing the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards today.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the organizers, the best colleges will be awarded in four different categories from among more than 2,300 business schools across the country.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A total of 16 colleges will be awarded in four different categories during the award distribution ceremony to be held at 4 pm today afternoon (August 17). The organizers informed that three best colleges for MBA/MBS, three each for BBA/BBS, three best colleges for BHM and one college from each of the seven provinces will be honored during the event.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Among them, one best college in the first three categories will be given trophies and certificates, while certificates will be distributed to the second and third-position holders.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, certificates will be given to the best colleges in each province.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A panel discussion among experts on the topic of 'Future of Management Education' is also scheduled during the programme.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">An independent jury consisting of experts from various fields have selected the best school after phase-wise evaluation. According to the jury, 602 out of 2,300 schools were shortlisted based on the website of the schools.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Around 300 schools were selected in the second stage based on the school's mission, vision and slogan. A total of 57 schools were selected in the third round on the basis of five years of operation.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the jury, quality and standard, educational infrastructure, quality of academic activities, student-led activities, entrepreneurship promotion programme, relationship with real professional organizations, and employment opportunities were taken into consideration while selecting the school for the awards.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The main sponsor of the program is Prabhu Bank Limited, while Yamaha, Mahalaxmi Bikas Bank Ltd, Tata Nexon, Everest Bank, Hama Steel, United Insurance, DishHome Fiber Net and Nepali Patro are the co-sponsors of the event.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-17', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15545', 'image' => '20220817012621_1660631726.logo.jpg', 'article_date' => '2022-08-17 13:25:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15803', 'article_category_id' => '1', 'title' => 'Biratnagar High Court Orders not to Open the Seals put on Betel Nuts by Indian Customs', 'sub_title' => '', 'summary' => 'August 16: Biratnagar High Court has ordered the concerned bodies not to open the seal placed by the Indian customs on the truck carrying betel nuts that was impounded by the police on suspicion of carrying illegal goods ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">August 16: Biratnagar High Court has ordered the concerned bodies not to open the seal placed by the Indian customs on the truck carrying betel nuts that was impounded by the police on suspicion of carrying illegal goods and handed over to the Revenue Investigation Office, Itahari. The court has also ordered to bring both parties together for discussion on Tuesday (today).</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The Indian customs had checked and sealed the betel nuts carrying vehicle which being to India using the route of Nepal but was arrested by the police and handed over to the revenue investigation office.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The high court issued the order in response to a case filed by Navin Ghimire, the owner of exporter company Mankamana Traders.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Morang police seized the betel nuts on July 20 and handed it over to the Revenue Investigation Office, Itahari July 23. Ghimire, the exporter, filed a writ in the High Court last Thursday, against the District Police Office Morang, Customs Department, Customs Office Biratnagar and Revenue Investigation Office Itahari.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">A single bench of High Court Judge Milan Kumar Rai issued the order which says, “Considering that an interim order has also been requested in this matter, as it seems appropriate to reach a proper conclusion by bringing together both parties for discussion on 2079/04/31.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The bench also ordered not to remove the seals issued by the Jogbani Customs Office, India on the eight trucks until another decision.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Senior advocate Ramesh Koirala and another advocate Dilliram Ghimire had argued on behalf of Manakamana Traders. Director General of Revenue Investigation Department Jhalakram Adhikari is saying that he and his office cannot open the seals imposed by Indian Customs. The betel nut destined for export has been on the premises of Revenue Research Office Itahari since July 23.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15544', 'image' => '20220816071250_betel nut.jpg', 'article_date' => '2022-08-16 19:12:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15802', 'article_category_id' => '1', 'title' => 'Girl Students Attracted towards Technical Education in Myagdi', 'sub_title' => '', 'summary' => 'August 16: Students from 12 districts have arrived at Shree Kisani Agriculture Technical School in Malika Rural Municipality-7 of Myagdi to study agricultural subjects.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 16: Students from 12 districts have arrived at Shree Kisani Agriculture Technical School in Malika Rural Municipality-7 of Myagdi to study agricultural subjects. The technical education school, which was established in 2011, has produced more than 500 agricultural technicians in 11 years. In addition, the school also said that it has made a significant achievement in the physical infrastructure recently.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Karan Kandel, coordinator of the school said that students are taught using the latest information and technology tools in addition to practical education by taking them to farmers' fields and cattle sheds.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The statistics of the technical schools shows that there are more female students than male students. After receiving affiliation from CTEVT in 2011, the school is conducting courses for JTA of 18 months, ISc (AG) of three years (since 2017) and veterinary (medicine or treatment of animal diseases) since 2019.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Currently students from Surkhet, Jumla, Humla, Mugu, Kailali, Chitwan, Kaski, Baglung, Myagdi and other districts have come to study in the school.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to coordinator Kandel, currently 141 students from different districts are studying in the school including 90 female students and 51 male students. Among the students, 141 students are studying agriculture and animal science including 51 pursuing diploma in agriculture, 60 seeking diploma in livestock and 30 undergoing pre-diploma. Coordinator Kandel informed that the number of students is increasing because they can get quality education with residential facilities for just Rs 5,000 per month.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15543', 'image' => '20220816044449_1660604743.12 MAgdi school.jpg', 'article_date' => '2022-08-16 16:44:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15801', 'article_category_id' => '1', 'title' => 'MCA Nepal to Spend Rs 8.5 Billion on MCC Project this Year', 'sub_title' => '', 'summary' => 'August 16: The Millennium Challenge Account (MCA) Nepal is preparing to spend more than Rs 8.5 billion on electricity and road infrastructures under the Millennium Challenge Corporation (MCC)', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 16: The Millennium Challenge Account (MCA) Nepal is preparing to spend more than Rs 8.5 billion on electricity and road infrastructures under the Millennium Challenge Corporation (MCC) funded by the US government in the current fiscal year (FY 2022/23).</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to MCA Nepal, Rs 7.57 billion will be spent on the road maintenance project and Rs 1.7 billion on the power transmission line project. The budget allocated for the projects under the MCC for the current year is Rs 9.27 billion. Out of the allocated budget, Rs 8.91 billion will be in the form of US grant. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the Ministry of Finance, the Government of Nepal will contribute Rs 365.6 million from its own sources for those project this year. Most of the amount allocated for this project will be spent for capital expenditure.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The MCC's goal is to construct a 315 km long 400 kV power transmission line and three 400 kV substations and to repair and expand 77 km of roads using new technology. To achieve this goal, the project is being implemented this year after it was endorsed by the parliament during the last fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to MCA Nepal, it will build a high voltage grid which is currently lacking in Nepal. The transmission line will pass through 18 rural municipalities, 11 municipalities and one sub-metropolitan city in Kathmandu, Sindhupalchok, Nuwakot, Dhading, Chitwan, Makwanpur, Tanahun, Palpa, Nawalpur and Parasi in three provinces - Bagmati, Gandaki and Lumbini.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Three new 400 kV indoor gas substations are being built for the power transmission line project. Ratmate substation will be constructed in Belkotgarhi Municipality of Nuwakot district, Damauli substation in Damauli of Tanahun district and Butwal substation in Bhumhi of Parasi district. In addition to these three substations, the transmission line under MCC will also be connected to Lapsiphedi and Nepal Electricity Authority's new Hetauda substation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">MCA Nepal’s Executive Director Khadga Bahadur Bista said that the process of land acquisition, approval for cutting down trees, environmental impact assessment (EIA), preparation for tender documents, and the tender process are currently underway in order to start the construction of these projects.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to Bista, the MCC will be spending money on the road maintenance project to improve the quality of Nepal's strategic road network. The project will serve as an example to allocate budget for periodic maintenance of the country's strategic road network. For that purpose, a matching fund of USD 52.22 million has been allocated.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to MCA Nepal, under the road maintenance project, around 77 kilometres of road will be upgraded using state-of-the-art technology.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Under the project, 40 kilometres from Dhankhola to Lamhi and 37 kilometres from Lamhi to Shivkhola will be renovated.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15542', 'image' => '20220816034051_MCC.jpg', 'article_date' => '2022-08-16 15:39:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15800', 'article_category_id' => '1', 'title' => 'Preparation for 6th NewBiz B Schools Rating, Ranking and Awards Complete', 'sub_title' => '', 'summary' => 'August 16: Preparations have been completed for the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards, an annual event which organized by New Business Age Pvt Ltd every year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 16: Preparations have been completed for the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards, an annual event which organized by New Business Age Pvt Ltd every year. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the organizers, the best colleges will be awarded in four different categories from among more than 2,300 business schools across the country.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A total of 16 colleges will be awarded in four different categories in the award distribution event to be held on August 17. The organizers informed that three best colleges for MBA/MBS, three each for BBA/BBS, three best colleges for BHM and one college from each of the seven provinces will be honored during the event. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Among them, one best college in the first three categories will be given trophies and certificates, while certificates will be distributed to the second and third-position holders. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, certificates will be given to the best colleges in each province. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A panel discussion among experts on the topic of 'Future of Management Education' is also scheduled during the programme.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">An independent jury consisting of experts from various fields have selected the best school after phase-wise evaluation. According to the jury, 602 out of 2,300 schools were shortlisted based on the website of the schools. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Around 300 schools were selected in the second stage based on the school's mission, vision and slogan. A total of 57 schools were selected in the third round on the basis of five years of operation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the jury, quality and standard, educational infrastructure, quality of academic activities, student-led activities, entrepreneurship promotion programme, relationship with real professional organizations, and employment opportunities were taken into consideration while selecting the school for the awards.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The main sponsor of the program is Prabhu Bank Limited, while Yamaha, Mahalaxmi Bikas Bank Ltd, Tata Nexon, Everest Bank, Hama Steel, United Insurance, DishHome Fiber Net and Nepali Patro are the co-sponsors of the event.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15541', 'image' => '20220817124758_166071w3698.jpg', 'article_date' => '2022-08-16 14:12:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15799', 'article_category_id' => '1', 'title' => 'Israel to Hire Additional One Thousand Workers from Nepal', 'sub_title' => '', 'summary' => 'August 16: Israel has decided to employ an additional 1,000 workers from Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 16: Israel has decided to employ an additional 1,000 workers from Nepal. Israel’s ambassador to Nepal Hanan Goder informed Minister for Labour, Employment and Social Security Sher Bahadur Kunwar about the decision to hire the workers during a meeting on Monday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the meeting, Ambassador Goder said that the Government of Israel had taken a decision on Sunday (August 14) to employ 1,000 workers from Nepal in the field of agriculture. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Ambassador Goder also informed that the Government of Israel has selected 1147 workers from among 9699 applicants who had applied for jobs in Israel earlier. According to the ambassador, the Government of Israel is in the process of taking the selected workers to Israel.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On the occasion, Minister Kunwar thanked Ambassador Goder for all kinds of support extended by the Government of Israel to Nepal. He also requested the ambassador for further support in sectors like agriculture, tourism and industry. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the meeting, Labour Minister Kunwar also informed the ambassador that the Government of Nepal has recently adopted a policy for re-integration of returnee migrant workers and urged for help from investors in Israel for this programme. He also informed Ambassador Goder that lots of Nepalis are aspiring to work in Israel and requested him to expedite the process.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Earlier in July 2021, the government of Israel had announced vacancy for 1,000 workers from Nepal for the health sector. The two countries then signed a bilateral agreement on September 30, 2021 and a ‘protocol’ to send Nepali workers to Israel was finalized a month later to send workers to Israel. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The protocol mentions about issues like the process of sending workers to Israel, their qualification, perks and benefits in accordance to the labour agreement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Back then, it was also agreed that the Nepali workers will get opportunities to work in hotels and restaurants, agriculture sector, construction works among others in Israel besides the health sector. As per the agreement, Israel has now opened vacancy for the agriculture sector.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepali workers willing to go to Israel for work will have to pay the visa fee, medical test fee as well as orientation charge and a certain amount to the welfare fund themselves, as per the protocol.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepal had also signed a labour pact with Israel in 2015. Back then, very few Nepalis had gone to Israel for work. Israel had agreed to take nurses and care givers having three months of training but the agreement could not be implemented for a long time.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15540', 'image' => '20220816011235_1660629825.थप १ हजार नेपाली कामदार लैजाँदै इजरायल.jpg', 'article_date' => '2022-08-16 13:11:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15798', 'article_category_id' => '1', 'title' => 'Manang becoming a Preferred Destination among Foreign Tourists', 'sub_title' => '', 'summary' => 'August 16: Of late, Manang district is becoming the preferred destination of foreign tourists visiting Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 16: Of late, Manang district is becoming the preferred destination of foreign tourists visiting Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Majority of tourists visiting Nepal are found to have arrived here with the specific plan of visiting Manang district. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This place has become a favorite destination among the foreign tourists due to its organic food, natural landscape, cultural heritage and captivating environment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the state-owned national news agency RSS, foreign tourists arrive here with an itinerary of visiting Manang. It has become the most preferred choice among the trekkers who come here to visit the Tilicho Lake, which is the highest-altitude lake in Nepal, and the Thorang-La Pass. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The arrival of tourists had come to a standstill for almost two years after the outbreak of the Covid-19 pandemic. However, the arrival of tourists improved last year following a decline in infection rate. Thereafter, the number of tourists visiting Manang has also increased.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The number of tourists visiting Manang in Fiscal Year 2021/22 was higher than the number in FY 2020/21. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of the total 285,363 foreign tourists who arrived in Nepal during the last fiscal year (FY 2021/22), a total of 7,020 tourists visited Manang. Among them, 4,749 were male and 2,271 were female, informed Lekhnath Gautam, chief of the Annapurna Area Conservation Project (ACAP). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Gautam, most of the tourists visited Manang in the months of Kartik (mid-October to mid-November), Chaitra (mid-March to mid-April) and Baishakh (mid-April to mid-May). The data was based on the entry permits issued to the tourists at ACAP checkpoint in Dharapani, RSS reported.</span></span></p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15539', 'image' => '20220816121442_Manang.jpg', 'article_date' => '2022-08-16 12:14:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15797', 'article_category_id' => '1', 'title' => 'NRB Issues Fresh Warning against Crypto-Currency, Hyper Fund', 'sub_title' => '', 'summary' => 'August 16: Nepal Rastra Bank (NRB) has once again warned the general public not to engage in transactions involving crypto-currency, virtual currency, hyper fund and network marketing. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 16: Nepal Rastra Bank (NRB) has once again warned the general public not to engage in transactions involving crypto-currency, virtual currency, hyper fund and network marketing. Issuing a notice on Monday, the central bank made it clear that such business in illegal in Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">This is the fourth time that the central bank has issued such notice for the welfare of the public stating that such transactions are not legally recognized and are not guaranteed by the Government of Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NRB argued that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB notice said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank also reminded that transactions involving crypto-currency, virtual currency including Stablecoins and network marketing (pyramid business) as well as hyper funds have high risks of money laundering, funding terrorism, and tax evasion. The notice further says that such transactions do not guarantee return of investment and also causes price instability. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Therefore, the NRB has warned all the Nepali citizens as well as foreigners residing in Nepal and all the firms registered in Nepal and operating within the country and abroad not to get involved in such activities. The central bank has warned of stern action if any of them are found involved in this illegal business.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15538', 'image' => '20220816103615_Cryptoshutterstock_1434643079.jpg', 'article_date' => '2022-08-16 10:34:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15796', 'article_category_id' => '1', 'title' => '10-Member Expert Group Formed to Study Nijgadh Airport', 'sub_title' => '', 'summary' => 'August 15: The government has formed an expert group to study the prospect of an international airport in Nijgadh, Bara after the full text of Supreme Court verdict on the disputed issue ruled that an international airport can be built in the district.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">August 15: The government has formed an expert group to study the prospect of an international airport in Nijgadh, Bara after the full text of Supreme Court verdict on the disputed issue ruled that an international airport can be built in the district.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">An expert group of 10 people has been formed under the coordination of former Director General of the Nepal Civil Aviation Authority of Nepal, Birendra Deuja. The expert panel has been mandated to submit a report within one month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">On 15 June, after the Supreme Court ruled in favour of the government that an airport can be built in Nijgadh on certain conditions. A meeting of the Council of Ministers then decided to form the group for further study. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Accordingly, the group has been formed which includes air infrastructure experts, anthropologists, as well as experts on wildlife, urban as well as air route, said Jagannath Niraula, spokesperson of Nepal Civil Aviation Authority of Nepal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He said that the group has been formed for the construction of the airport in accordance with Supreme Court verdict following the decision of the Council of Ministers a few days ago.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The report will be prepared within a month and then the airport construction process will start. The Supreme Court had issued a mandamus order on May 26 telling the government not to build an airport in Nijgadh almost three decades after the government had completed the study and initiated the process of acquiring land for the construction of the airport.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In the midst of confusion about whether or not to build an airport in Nijgadh, the government mentioned in the budget announcement for the current fiscal year that an airport would be built in Nijgadh. After some time, the full text of the Supreme Court's decision was made public which was also supportive of the idea of building an airport in Nijgadh using minimum forest area.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">A month and a half after the full text of the Supreme Court was released, the government formed an expert group. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Earlier, a petition was filed in the Supreme Court saying that the construction of the airport would cause great damage to the environment. However, the Supreme Court issued a full text stating that an airport can be built at the same location with minimal environmental damage.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif""> In the full text of the Supreme Court states that the government can form a group of neutral, impartial and skilled experts with expertise in the fields of environment, forest, wildlife, air service management, economists, sociologists, and administrators to find a way to reduce the environmental damage in all possible ways regarding the feasibility study of the economic and technical aspects of conducting flights.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Accordingly, Deuja, who is also an air infrastructure expert, is the coordinator of the expert group formed by the ministry. Economist Rameshwar Khanal, infrastructure expert Prof Dr Suryaraj Acharya, urban developer Prof Dr Sangeeta Singh, wildlife expert Prem Bahadur Budha are members of the group. Similarly, members of the expert group also include forestry expert Suresh Kumar Ghimire, anthropologist/sociologist Dr. Lakshmi Singh, senior pilot Captain Krishna Bikram Paudel Kshatri, senior lawyer Dr. Chandrakant Gyawali and air route expert Mahesh Kumar Basnet.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">It has been mentioned in the full text that it is necessary to make sure that an international airport should be built by considering the recommendations made in a report by an expert group. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">"It is believed that by fulfilling these conditions, there will be only minimal environmental damage and the construction of an airport at a location that is considered suitable from a technical point of view can be undertaken," the full text of Supreme Court verdict reads.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Almost 3 decades of time and more than Rs 1 billion have been spent on this project, including studies.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In point 57 of the policy and programmes for the current fiscal year, it is mentioned that the investment and construction of Nijgadh International Airport will be finalized so that the construction work will start from the year 2080/81.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15537', 'image' => '20220815054537_20220605082424_Environment (4).jpg', 'article_date' => '2022-08-15 17:44:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15795', 'article_category_id' => '1', 'title' => 'Insurance Authority to Regulate Insurance Sector', 'sub_title' => '', 'summary' => 'August 15: The government is preparing to regulate the insurance sector by the proposed Insurance Authority. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 15: The government is preparing to regulate the insurance sector by the proposed Insurance Authority. A meeting of the House of Representatives on Sunday passed the Insurance Bill 2079, that has provision of forming the Insurance Authority, by majority votes.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The bill will be implemented as a law once it gets passed by the National Assembly and is authenticated by the president.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The bill that was registered in the lower house in 2018 by the then Finance Minister Yuba Raj Khatiwada has been passed by the parliament after four years. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Deliberations on the bill started since August 6, 2018. The Finance Committee of parliament then began clause-wise deliberations on the bill on December 3 the same year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">However, the bill was stalled for a long time due to the dispute over the continuity of the tenure of the then chairman of the Insurance Board and other board members.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Lawmakers registered a total of 85 amendment proposals but the committee amended 124 points in the bill. Finally, finance minister Janardan Sharma on Sunday presented the bill with the report of the committee in parliament. The amendments made by the committee was included in the final draft of the bill. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The amended bill has also resolved the issue of the terms of the chairman and board members of the Insurance Board. The bill has a provision to give continuity to the chairman of the board and other board members in the proposed authority. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, there was a provision to appoint a new chairman and the board members. The then chairman of the Insurance Board Chiranjivi Chapagain has protested against such provision. Due to the dispute between Chapagain and Khatiwada, the discussion on the bill was prolonged.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the bill also has provision for establishing a separate Insurance Development Fund to increase the access of insurance in rural areas and among the poor people. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">One third of the regulatory charge of the insurance companies will have to be deposited in the fund. The fund will then be used for increasing access to insurance among the people of rural areas with low income and to organize orientation programmes. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The initial draft of the bill registered fours ago didn’t have the provision of setting up such fund. It was decided to set up the fun as per the suggestions of the lawmakers during the deliberation process. The committee has also reduced the regulatory fees that the insurance companies are obliged to pay. The initial draft of the bill had proposed insurance companies to pay 0.75 percent of the total insurance premium as regulatory fee every year. But the committee has lowered it to 0.50 percent. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15536', 'image' => '20220815052136_Insurance.jpg', 'article_date' => '2022-08-15 17:20:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15793', 'article_category_id' => '1', 'title' => 'Tatopani Customs Closed due to Rising Infection in Tibet', 'sub_title' => '', 'summary' => 'August 15: The Chinese government has stopped importing and exporting goods through the Tatopani customs due to the increase in infection rate of Covid-19 in various parts of Tibet. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">August 15: The Chinese government has stopped importing and exporting goods through the Tatopani customs due to the increase in infection rate of Covid-19 in various parts of Tibet. Head of Tatopani Dry Port Customs Office Narad Gautam said that the foreign trade through this checkpoint has come to a complete halt due to the one-way closure of the border. There is no information about when it will be operational, said Gautam.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"No goods have been imported from China since the last four days," he said while talking to the New Business Age on Saturday, "The Chinese authorities have not given us any information on this matter either." There is confusion as to when the border will be opened.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Chief District Officer Bednidhi Khanal said that they have received information that the import has been stopped due to the increase in Covid-19 infection in Tibet. "There have been reports of more than 50 cases of Covid-19 in Khasa region," he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Since the onset of Covid-19, the Tatopani customs has been operating one way. Trade between Nepal and China has been affected due to the border not being fully operational. Some time ago, the local administrations of both the countries had agreed to increase the import of goods through the border. However, after the rise in coronavirus cases in China again has halted the import from the border.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">On Friday, Speaker Agni Prasad Sapkota discussed with the Chinese ambassador to Nepal, Hou Yanqhi, to reopen the border checkpoint. The speaker's press advisor Shridhar Neupane informed that there was a discussion regarding opening trade channels between the two countries during the meeting.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In the meeting, Ambassador Yanqhi said that Nepal is a good neighbor of China, praised Nepal's commitment to the one-China policy, and said China is always positive about border operations. Before the Tatopani customs was closed, four to eight containers of Chinese goods were imported into Nepal daily. Apples, machinery equipment, and readymade clothes were basically imported through the border point.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Due to disasters such as landslides, earthquakes, floods, and coronavirus pandemic, the Tatopani border is being closed and opened time and again. The Sindhupalchok Chamber of Commerce and the Nepal Himalayan Cross Border Trade Association have repeatedly drawn the attention of the Nepalese government to fully operate the border checkpoint.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15535', 'image' => '20220815013114_Tatopani.jpg', 'article_date' => '2022-08-15 13:30:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15794', 'article_category_id' => '1', 'title' => 'SEBON Preparing to Halt Share Transactions of Merging Companies for only 15 Days', 'sub_title' => '', 'summary' => 'August 15: The Securities Board of Nepal (SEBON) is preparing to halt the share trading of companies listed in the secondary market for a maximum of 15 working days if they opt for the process of merger or acquisition.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: The Securities Board of Nepal (SEBON) is preparing to halt the share trading of companies listed in the secondary market for a maximum of 15 working days if they opt for the process of merger or acquisition. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">This provision is included in the initial draft of the Guidelines for Merger and Acquisition of Organized Institutions 2079 prepared by the board. If the final draft of the guidelines is prepared according to the proposal of the board, the share transaction of the listed companies will only be stopped for a maximum of 15 days during merger or acquisition.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision in the preliminary draft of the directive to maintain the period for completion of the merger or acquisition process within six months. The board has released the initial draft of the guidelines and has asked for suggestions from the stakeholders.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Chairman of the board Ramesh Kumar Hamal showed special interest in reducing the delay in share transaction after investors expressed their dissatisfaction regarding the suspension of share trading of listed companies for a long time during the merger and acquisition process.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There are instances of companies being suspended for a long time from share trading in the name of merger or acquisition. Due to this, the people who have invested in the shares of the listed company, no matter how big the financial problems are, cannot avoid the risk by selling the shares. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Hamal argued that shares should not be withheld for a long time during the merger and acquisition process. Due to his initiative, a new provision has been prepared for the suspension of share trading during the merger and acquisition process. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Hamal had discussed this issue with Nepal Rastra Bank and said that such arrangement should be amended. Accordingly, Nepal Rastra Bank has given the board the authority to decide on the period of suspension of share trading. Accordingly, the board prepared a draft of the guidelines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Banks and financial institutions have the largest share of companies listed in the secondary market. Through this year's monetary policy, Nepal Rastra Bank has abolished the existing provision of suspending share trading for merger and acquisition purposes and has made arrangements to comply with the regulation of SEBON.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the provision in the draft, from the date of commencement of integrated transaction, the merging organizations must be suspended for a maximum of 15 working days for work such as stock matching, re-registration of securities, dematerialization and listing of securities. In addition, the board is preparing to make a provision that if the name of the organization is not changed, the share trading of the organization will not be stopped.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15534', 'image' => '20220815042810_merger.jpg', 'article_date' => '2022-08-15 16:27:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15792', 'article_category_id' => '1', 'title' => '1700 Vehicles Pile up at Birgunj Customs', 'sub_title' => '', 'summary' => 'August 15: Vehicles are piling up at Birgunj customs due to the strict import policy of government and lack of liquidity.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: Vehicles are piling up at Birgunj customs due to the strict import policy of government and lack of liquidity. The government chose this measure in order to solve the pressure on the foreign exchange reserves, compelling the banks to stop credit investment for the purchase of luxury vehicles.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Since there is no demand for new vehicles in the market, the importers have not cleared the vehicles from the customs office. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Harihar Paudel, Chief Customs Officer of Birgunj Customs, said that the importers have delayed the release of the vehicles because they do not have the money to pay for the revenue for customs clearance as the banks have refused to open Letter of Credit (LC) for this purpose.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Kamal Gyawali, head of Nepal Intermodal Transport Development Board (NITDB) Birgunj informed that more than 1,700 new vehicles are parked on the premises of the integrated check post (ICP) in Birgunj. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“The ICP has a parking capacity of up to 400 vehicles. After piling up of more than 1,700 vehicles, the management has become chaotic,” he said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government has banned the import of vehicles worth more than five million rupees. The import of vehicles has also declined in the last months of the last fiscal year due to the tightening of imports.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Banks have almost stopped lending credit on cars. Importers say that there is no demand in the market due to lack of vehicle loans. It seems that the import of such vehicles from Birgunj, the main port of vehicle import, has decreased since last November.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Data from the customs shows decline in import every month since November of the last fiscal year as compared to the previous fiscal year. From mid-June to mid-July, only 68 jeeps passed customs clearance through Birgunj Customs. In the corresponding period of the previous fiscal year, this number was 487.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government gradually started tightening the import from the second quarter of the last fiscal year. Since then, the data shows that the import of light vehicles is continuously decreasing. Some importers have even rented land in the border Indian city of Raxaul and kept their vehicles there.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision to refund the goods and services tax (GST) of the vehicle imported from India only after submitting proof that it has cleared the Indian customs within 3 months. For GST compliance in India, importers now have to import vehicles in a rush. However, importers have not released the vehicles that have arrived at the customs office.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15533', 'image' => '20220815011457_1660393906.jpg', 'article_date' => '2022-08-15 13:14:26', '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
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '15805', 'article_category_id' => '1', 'title' => 'Service Sector to Contribute 61 Percent to Economic Growth in FY 2021/22', 'sub_title' => '', 'summary' => 'August 17: The Central Bureau of Statistics (CBS) has estimated economic growth of 5.84 percent for the Fiscal Year 2021/22. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 17: The Central Bureau of Statistics (CBS) has estimated economic growth of 5.84 percent for the Fiscal Year 2021/22. Agriculture, industry and service sectors are estimated to grow 2.30 percent, 10.19 percent and 5.93 percent respectively, according to the latest report released by Nepal Rastra Bank.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report released by the central bank on Tuesday states that the share of agriculture, industry and service sectors in GDP in FY 2021/22 stands at 23.95 percent, 14.29 percent and 61.76 percent respectively.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the report, gross domestic saving to GDP stands at 9.27 percent in FY 2021/22. The ratio of gross fixed capital formation and gross national saving to GDP stands at 29.37 percent and 31.95 percent respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, the installed capacity of electricity increased to 2189.6 Megawatt during the review year, which consists of 2075.4 Megawatts of hydro electricity, 54.8 Megawatts of solar electricity, 6.0 Megawatts of cogeneration and 53.4 Megawatts of thermal electricity.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The total number of tourist arrivals increased significantly to 3,70,906 in FY 2021/22, which was 70,123 in the previous fiscal year, the report added.</span></span></p> ', 'published' => true, 'created' => '2022-08-17', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15547', 'image' => '20220817123841_economic-growth.jpg', 'article_date' => '2022-08-17 12:37:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15804', 'article_category_id' => '1', 'title' => 'Central Bank Toughens Measures on Foreign Currency Exchange ', 'sub_title' => '', 'summary' => 'August 17: Nepal Rastra Bank (NRB) has tightened the facility provided for foreign currency exchange for import and export of goods. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 17: Nepal Rastra Bank (NRB) has tightened the facility provided for foreign currency exchange for import and export of goods. The central bank made such arrangement in a bid to toughen its stance against trade-based money laundering that can be promoted through import and export, reads a notice issued by the central bank. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing an amended version of the Unified Directive on Tuesday, the central bank ordered the licensed banks and financial institutions (BFIs) to formulate necessary work procedure to discourage money laundering. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Unified Directive states that an internal mechanism will be created to deal with money laundering and the exchange facility can be provided if it is found realistic after comparative analysis between the prices of goods in the international market (proforma invoice). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank placed tough measures after the importers were found stating one thing in document and another in practice while importing goods and increasing transactions in foreign currency, the state-owned national news agency RSS reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Meanwhile, the central bank through the Unified Directive has also increased the daily limit of remittance inflow into the country through authorized companies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the new provision, registered companies can deposit remittance up to Rs 1.5 million in the bank accounts of the beneficiary on a daily basis. Prior to this, the maximum limit of remittance inflow was Rs 1 million per day.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank has also instructed the remittance companies to keep records of the personal details of the people sending and receiving money as per the rules.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-17', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15546', 'image' => '20220817120833_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2022-08-17 12:07:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15806', 'article_category_id' => '1', 'title' => 'New Business Age to Award Best Business Schools Today', 'sub_title' => '', 'summary' => 'August 17: New Business Age Pvt Ltd is organizing the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards today.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 17: New Business Age Pvt Ltd is organizing the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards today.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the organizers, the best colleges will be awarded in four different categories from among more than 2,300 business schools across the country.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A total of 16 colleges will be awarded in four different categories during the award distribution ceremony to be held at 4 pm today afternoon (August 17). The organizers informed that three best colleges for MBA/MBS, three each for BBA/BBS, three best colleges for BHM and one college from each of the seven provinces will be honored during the event.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Among them, one best college in the first three categories will be given trophies and certificates, while certificates will be distributed to the second and third-position holders.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, certificates will be given to the best colleges in each province.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A panel discussion among experts on the topic of 'Future of Management Education' is also scheduled during the programme.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">An independent jury consisting of experts from various fields have selected the best school after phase-wise evaluation. According to the jury, 602 out of 2,300 schools were shortlisted based on the website of the schools.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Around 300 schools were selected in the second stage based on the school's mission, vision and slogan. A total of 57 schools were selected in the third round on the basis of five years of operation.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the jury, quality and standard, educational infrastructure, quality of academic activities, student-led activities, entrepreneurship promotion programme, relationship with real professional organizations, and employment opportunities were taken into consideration while selecting the school for the awards.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The main sponsor of the program is Prabhu Bank Limited, while Yamaha, Mahalaxmi Bikas Bank Ltd, Tata Nexon, Everest Bank, Hama Steel, United Insurance, DishHome Fiber Net and Nepali Patro are the co-sponsors of the event.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-17', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15545', 'image' => '20220817012621_1660631726.logo.jpg', 'article_date' => '2022-08-17 13:25:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15803', 'article_category_id' => '1', 'title' => 'Biratnagar High Court Orders not to Open the Seals put on Betel Nuts by Indian Customs', 'sub_title' => '', 'summary' => 'August 16: Biratnagar High Court has ordered the concerned bodies not to open the seal placed by the Indian customs on the truck carrying betel nuts that was impounded by the police on suspicion of carrying illegal goods ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">August 16: Biratnagar High Court has ordered the concerned bodies not to open the seal placed by the Indian customs on the truck carrying betel nuts that was impounded by the police on suspicion of carrying illegal goods and handed over to the Revenue Investigation Office, Itahari. The court has also ordered to bring both parties together for discussion on Tuesday (today).</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The Indian customs had checked and sealed the betel nuts carrying vehicle which being to India using the route of Nepal but was arrested by the police and handed over to the revenue investigation office.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The high court issued the order in response to a case filed by Navin Ghimire, the owner of exporter company Mankamana Traders.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Morang police seized the betel nuts on July 20 and handed it over to the Revenue Investigation Office, Itahari July 23. Ghimire, the exporter, filed a writ in the High Court last Thursday, against the District Police Office Morang, Customs Department, Customs Office Biratnagar and Revenue Investigation Office Itahari.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">A single bench of High Court Judge Milan Kumar Rai issued the order which says, “Considering that an interim order has also been requested in this matter, as it seems appropriate to reach a proper conclusion by bringing together both parties for discussion on 2079/04/31.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The bench also ordered not to remove the seals issued by the Jogbani Customs Office, India on the eight trucks until another decision.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Senior advocate Ramesh Koirala and another advocate Dilliram Ghimire had argued on behalf of Manakamana Traders. Director General of Revenue Investigation Department Jhalakram Adhikari is saying that he and his office cannot open the seals imposed by Indian Customs. The betel nut destined for export has been on the premises of Revenue Research Office Itahari since July 23.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15544', 'image' => '20220816071250_betel nut.jpg', 'article_date' => '2022-08-16 19:12:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15802', 'article_category_id' => '1', 'title' => 'Girl Students Attracted towards Technical Education in Myagdi', 'sub_title' => '', 'summary' => 'August 16: Students from 12 districts have arrived at Shree Kisani Agriculture Technical School in Malika Rural Municipality-7 of Myagdi to study agricultural subjects.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 16: Students from 12 districts have arrived at Shree Kisani Agriculture Technical School in Malika Rural Municipality-7 of Myagdi to study agricultural subjects. The technical education school, which was established in 2011, has produced more than 500 agricultural technicians in 11 years. In addition, the school also said that it has made a significant achievement in the physical infrastructure recently.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Karan Kandel, coordinator of the school said that students are taught using the latest information and technology tools in addition to practical education by taking them to farmers' fields and cattle sheds.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The statistics of the technical schools shows that there are more female students than male students. After receiving affiliation from CTEVT in 2011, the school is conducting courses for JTA of 18 months, ISc (AG) of three years (since 2017) and veterinary (medicine or treatment of animal diseases) since 2019.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Currently students from Surkhet, Jumla, Humla, Mugu, Kailali, Chitwan, Kaski, Baglung, Myagdi and other districts have come to study in the school.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to coordinator Kandel, currently 141 students from different districts are studying in the school including 90 female students and 51 male students. Among the students, 141 students are studying agriculture and animal science including 51 pursuing diploma in agriculture, 60 seeking diploma in livestock and 30 undergoing pre-diploma. Coordinator Kandel informed that the number of students is increasing because they can get quality education with residential facilities for just Rs 5,000 per month.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15543', 'image' => '20220816044449_1660604743.12 MAgdi school.jpg', 'article_date' => '2022-08-16 16:44:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15801', 'article_category_id' => '1', 'title' => 'MCA Nepal to Spend Rs 8.5 Billion on MCC Project this Year', 'sub_title' => '', 'summary' => 'August 16: The Millennium Challenge Account (MCA) Nepal is preparing to spend more than Rs 8.5 billion on electricity and road infrastructures under the Millennium Challenge Corporation (MCC)', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 16: The Millennium Challenge Account (MCA) Nepal is preparing to spend more than Rs 8.5 billion on electricity and road infrastructures under the Millennium Challenge Corporation (MCC) funded by the US government in the current fiscal year (FY 2022/23).</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to MCA Nepal, Rs 7.57 billion will be spent on the road maintenance project and Rs 1.7 billion on the power transmission line project. The budget allocated for the projects under the MCC for the current year is Rs 9.27 billion. Out of the allocated budget, Rs 8.91 billion will be in the form of US grant. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the Ministry of Finance, the Government of Nepal will contribute Rs 365.6 million from its own sources for those project this year. Most of the amount allocated for this project will be spent for capital expenditure.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The MCC's goal is to construct a 315 km long 400 kV power transmission line and three 400 kV substations and to repair and expand 77 km of roads using new technology. To achieve this goal, the project is being implemented this year after it was endorsed by the parliament during the last fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to MCA Nepal, it will build a high voltage grid which is currently lacking in Nepal. The transmission line will pass through 18 rural municipalities, 11 municipalities and one sub-metropolitan city in Kathmandu, Sindhupalchok, Nuwakot, Dhading, Chitwan, Makwanpur, Tanahun, Palpa, Nawalpur and Parasi in three provinces - Bagmati, Gandaki and Lumbini.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Three new 400 kV indoor gas substations are being built for the power transmission line project. Ratmate substation will be constructed in Belkotgarhi Municipality of Nuwakot district, Damauli substation in Damauli of Tanahun district and Butwal substation in Bhumhi of Parasi district. In addition to these three substations, the transmission line under MCC will also be connected to Lapsiphedi and Nepal Electricity Authority's new Hetauda substation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">MCA Nepal’s Executive Director Khadga Bahadur Bista said that the process of land acquisition, approval for cutting down trees, environmental impact assessment (EIA), preparation for tender documents, and the tender process are currently underway in order to start the construction of these projects.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to Bista, the MCC will be spending money on the road maintenance project to improve the quality of Nepal's strategic road network. The project will serve as an example to allocate budget for periodic maintenance of the country's strategic road network. For that purpose, a matching fund of USD 52.22 million has been allocated.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to MCA Nepal, under the road maintenance project, around 77 kilometres of road will be upgraded using state-of-the-art technology.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Under the project, 40 kilometres from Dhankhola to Lamhi and 37 kilometres from Lamhi to Shivkhola will be renovated.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15542', 'image' => '20220816034051_MCC.jpg', 'article_date' => '2022-08-16 15:39:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15800', 'article_category_id' => '1', 'title' => 'Preparation for 6th NewBiz B Schools Rating, Ranking and Awards Complete', 'sub_title' => '', 'summary' => 'August 16: Preparations have been completed for the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards, an annual event which organized by New Business Age Pvt Ltd every year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 16: Preparations have been completed for the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards, an annual event which organized by New Business Age Pvt Ltd every year. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the organizers, the best colleges will be awarded in four different categories from among more than 2,300 business schools across the country.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A total of 16 colleges will be awarded in four different categories in the award distribution event to be held on August 17. The organizers informed that three best colleges for MBA/MBS, three each for BBA/BBS, three best colleges for BHM and one college from each of the seven provinces will be honored during the event. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Among them, one best college in the first three categories will be given trophies and certificates, while certificates will be distributed to the second and third-position holders. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, certificates will be given to the best colleges in each province. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A panel discussion among experts on the topic of 'Future of Management Education' is also scheduled during the programme.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">An independent jury consisting of experts from various fields have selected the best school after phase-wise evaluation. According to the jury, 602 out of 2,300 schools were shortlisted based on the website of the schools. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Around 300 schools were selected in the second stage based on the school's mission, vision and slogan. A total of 57 schools were selected in the third round on the basis of five years of operation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the jury, quality and standard, educational infrastructure, quality of academic activities, student-led activities, entrepreneurship promotion programme, relationship with real professional organizations, and employment opportunities were taken into consideration while selecting the school for the awards.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The main sponsor of the program is Prabhu Bank Limited, while Yamaha, Mahalaxmi Bikas Bank Ltd, Tata Nexon, Everest Bank, Hama Steel, United Insurance, DishHome Fiber Net and Nepali Patro are the co-sponsors of the event.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15541', 'image' => '20220817124758_166071w3698.jpg', 'article_date' => '2022-08-16 14:12:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15799', 'article_category_id' => '1', 'title' => 'Israel to Hire Additional One Thousand Workers from Nepal', 'sub_title' => '', 'summary' => 'August 16: Israel has decided to employ an additional 1,000 workers from Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 16: Israel has decided to employ an additional 1,000 workers from Nepal. Israel’s ambassador to Nepal Hanan Goder informed Minister for Labour, Employment and Social Security Sher Bahadur Kunwar about the decision to hire the workers during a meeting on Monday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the meeting, Ambassador Goder said that the Government of Israel had taken a decision on Sunday (August 14) to employ 1,000 workers from Nepal in the field of agriculture. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Ambassador Goder also informed that the Government of Israel has selected 1147 workers from among 9699 applicants who had applied for jobs in Israel earlier. According to the ambassador, the Government of Israel is in the process of taking the selected workers to Israel.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On the occasion, Minister Kunwar thanked Ambassador Goder for all kinds of support extended by the Government of Israel to Nepal. He also requested the ambassador for further support in sectors like agriculture, tourism and industry. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the meeting, Labour Minister Kunwar also informed the ambassador that the Government of Nepal has recently adopted a policy for re-integration of returnee migrant workers and urged for help from investors in Israel for this programme. He also informed Ambassador Goder that lots of Nepalis are aspiring to work in Israel and requested him to expedite the process.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Earlier in July 2021, the government of Israel had announced vacancy for 1,000 workers from Nepal for the health sector. The two countries then signed a bilateral agreement on September 30, 2021 and a ‘protocol’ to send Nepali workers to Israel was finalized a month later to send workers to Israel. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The protocol mentions about issues like the process of sending workers to Israel, their qualification, perks and benefits in accordance to the labour agreement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Back then, it was also agreed that the Nepali workers will get opportunities to work in hotels and restaurants, agriculture sector, construction works among others in Israel besides the health sector. As per the agreement, Israel has now opened vacancy for the agriculture sector.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepali workers willing to go to Israel for work will have to pay the visa fee, medical test fee as well as orientation charge and a certain amount to the welfare fund themselves, as per the protocol.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepal had also signed a labour pact with Israel in 2015. Back then, very few Nepalis had gone to Israel for work. Israel had agreed to take nurses and care givers having three months of training but the agreement could not be implemented for a long time.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15540', 'image' => '20220816011235_1660629825.थप १ हजार नेपाली कामदार लैजाँदै इजरायल.jpg', 'article_date' => '2022-08-16 13:11:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15798', 'article_category_id' => '1', 'title' => 'Manang becoming a Preferred Destination among Foreign Tourists', 'sub_title' => '', 'summary' => 'August 16: Of late, Manang district is becoming the preferred destination of foreign tourists visiting Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 16: Of late, Manang district is becoming the preferred destination of foreign tourists visiting Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Majority of tourists visiting Nepal are found to have arrived here with the specific plan of visiting Manang district. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This place has become a favorite destination among the foreign tourists due to its organic food, natural landscape, cultural heritage and captivating environment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the state-owned national news agency RSS, foreign tourists arrive here with an itinerary of visiting Manang. It has become the most preferred choice among the trekkers who come here to visit the Tilicho Lake, which is the highest-altitude lake in Nepal, and the Thorang-La Pass. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The arrival of tourists had come to a standstill for almost two years after the outbreak of the Covid-19 pandemic. However, the arrival of tourists improved last year following a decline in infection rate. Thereafter, the number of tourists visiting Manang has also increased.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The number of tourists visiting Manang in Fiscal Year 2021/22 was higher than the number in FY 2020/21. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of the total 285,363 foreign tourists who arrived in Nepal during the last fiscal year (FY 2021/22), a total of 7,020 tourists visited Manang. Among them, 4,749 were male and 2,271 were female, informed Lekhnath Gautam, chief of the Annapurna Area Conservation Project (ACAP). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Gautam, most of the tourists visited Manang in the months of Kartik (mid-October to mid-November), Chaitra (mid-March to mid-April) and Baishakh (mid-April to mid-May). The data was based on the entry permits issued to the tourists at ACAP checkpoint in Dharapani, RSS reported.</span></span></p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15539', 'image' => '20220816121442_Manang.jpg', 'article_date' => '2022-08-16 12:14:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15797', 'article_category_id' => '1', 'title' => 'NRB Issues Fresh Warning against Crypto-Currency, Hyper Fund', 'sub_title' => '', 'summary' => 'August 16: Nepal Rastra Bank (NRB) has once again warned the general public not to engage in transactions involving crypto-currency, virtual currency, hyper fund and network marketing. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 16: Nepal Rastra Bank (NRB) has once again warned the general public not to engage in transactions involving crypto-currency, virtual currency, hyper fund and network marketing. Issuing a notice on Monday, the central bank made it clear that such business in illegal in Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">This is the fourth time that the central bank has issued such notice for the welfare of the public stating that such transactions are not legally recognized and are not guaranteed by the Government of Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NRB argued that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB notice said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank also reminded that transactions involving crypto-currency, virtual currency including Stablecoins and network marketing (pyramid business) as well as hyper funds have high risks of money laundering, funding terrorism, and tax evasion. The notice further says that such transactions do not guarantee return of investment and also causes price instability. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Therefore, the NRB has warned all the Nepali citizens as well as foreigners residing in Nepal and all the firms registered in Nepal and operating within the country and abroad not to get involved in such activities. The central bank has warned of stern action if any of them are found involved in this illegal business.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15538', 'image' => '20220816103615_Cryptoshutterstock_1434643079.jpg', 'article_date' => '2022-08-16 10:34:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15796', 'article_category_id' => '1', 'title' => '10-Member Expert Group Formed to Study Nijgadh Airport', 'sub_title' => '', 'summary' => 'August 15: The government has formed an expert group to study the prospect of an international airport in Nijgadh, Bara after the full text of Supreme Court verdict on the disputed issue ruled that an international airport can be built in the district.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">August 15: The government has formed an expert group to study the prospect of an international airport in Nijgadh, Bara after the full text of Supreme Court verdict on the disputed issue ruled that an international airport can be built in the district.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">An expert group of 10 people has been formed under the coordination of former Director General of the Nepal Civil Aviation Authority of Nepal, Birendra Deuja. The expert panel has been mandated to submit a report within one month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">On 15 June, after the Supreme Court ruled in favour of the government that an airport can be built in Nijgadh on certain conditions. A meeting of the Council of Ministers then decided to form the group for further study. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Accordingly, the group has been formed which includes air infrastructure experts, anthropologists, as well as experts on wildlife, urban as well as air route, said Jagannath Niraula, spokesperson of Nepal Civil Aviation Authority of Nepal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He said that the group has been formed for the construction of the airport in accordance with Supreme Court verdict following the decision of the Council of Ministers a few days ago.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The report will be prepared within a month and then the airport construction process will start. The Supreme Court had issued a mandamus order on May 26 telling the government not to build an airport in Nijgadh almost three decades after the government had completed the study and initiated the process of acquiring land for the construction of the airport.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In the midst of confusion about whether or not to build an airport in Nijgadh, the government mentioned in the budget announcement for the current fiscal year that an airport would be built in Nijgadh. After some time, the full text of the Supreme Court's decision was made public which was also supportive of the idea of building an airport in Nijgadh using minimum forest area.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">A month and a half after the full text of the Supreme Court was released, the government formed an expert group. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Earlier, a petition was filed in the Supreme Court saying that the construction of the airport would cause great damage to the environment. However, the Supreme Court issued a full text stating that an airport can be built at the same location with minimal environmental damage.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif""> In the full text of the Supreme Court states that the government can form a group of neutral, impartial and skilled experts with expertise in the fields of environment, forest, wildlife, air service management, economists, sociologists, and administrators to find a way to reduce the environmental damage in all possible ways regarding the feasibility study of the economic and technical aspects of conducting flights.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Accordingly, Deuja, who is also an air infrastructure expert, is the coordinator of the expert group formed by the ministry. Economist Rameshwar Khanal, infrastructure expert Prof Dr Suryaraj Acharya, urban developer Prof Dr Sangeeta Singh, wildlife expert Prem Bahadur Budha are members of the group. Similarly, members of the expert group also include forestry expert Suresh Kumar Ghimire, anthropologist/sociologist Dr. Lakshmi Singh, senior pilot Captain Krishna Bikram Paudel Kshatri, senior lawyer Dr. Chandrakant Gyawali and air route expert Mahesh Kumar Basnet.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">It has been mentioned in the full text that it is necessary to make sure that an international airport should be built by considering the recommendations made in a report by an expert group. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">"It is believed that by fulfilling these conditions, there will be only minimal environmental damage and the construction of an airport at a location that is considered suitable from a technical point of view can be undertaken," the full text of Supreme Court verdict reads.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Almost 3 decades of time and more than Rs 1 billion have been spent on this project, including studies.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In point 57 of the policy and programmes for the current fiscal year, it is mentioned that the investment and construction of Nijgadh International Airport will be finalized so that the construction work will start from the year 2080/81.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15537', 'image' => '20220815054537_20220605082424_Environment (4).jpg', 'article_date' => '2022-08-15 17:44:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15795', 'article_category_id' => '1', 'title' => 'Insurance Authority to Regulate Insurance Sector', 'sub_title' => '', 'summary' => 'August 15: The government is preparing to regulate the insurance sector by the proposed Insurance Authority. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 15: The government is preparing to regulate the insurance sector by the proposed Insurance Authority. A meeting of the House of Representatives on Sunday passed the Insurance Bill 2079, that has provision of forming the Insurance Authority, by majority votes.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The bill will be implemented as a law once it gets passed by the National Assembly and is authenticated by the president.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The bill that was registered in the lower house in 2018 by the then Finance Minister Yuba Raj Khatiwada has been passed by the parliament after four years. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Deliberations on the bill started since August 6, 2018. The Finance Committee of parliament then began clause-wise deliberations on the bill on December 3 the same year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">However, the bill was stalled for a long time due to the dispute over the continuity of the tenure of the then chairman of the Insurance Board and other board members.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Lawmakers registered a total of 85 amendment proposals but the committee amended 124 points in the bill. Finally, finance minister Janardan Sharma on Sunday presented the bill with the report of the committee in parliament. The amendments made by the committee was included in the final draft of the bill. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The amended bill has also resolved the issue of the terms of the chairman and board members of the Insurance Board. The bill has a provision to give continuity to the chairman of the board and other board members in the proposed authority. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, there was a provision to appoint a new chairman and the board members. The then chairman of the Insurance Board Chiranjivi Chapagain has protested against such provision. Due to the dispute between Chapagain and Khatiwada, the discussion on the bill was prolonged.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the bill also has provision for establishing a separate Insurance Development Fund to increase the access of insurance in rural areas and among the poor people. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">One third of the regulatory charge of the insurance companies will have to be deposited in the fund. The fund will then be used for increasing access to insurance among the people of rural areas with low income and to organize orientation programmes. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The initial draft of the bill registered fours ago didn’t have the provision of setting up such fund. It was decided to set up the fun as per the suggestions of the lawmakers during the deliberation process. The committee has also reduced the regulatory fees that the insurance companies are obliged to pay. The initial draft of the bill had proposed insurance companies to pay 0.75 percent of the total insurance premium as regulatory fee every year. But the committee has lowered it to 0.50 percent. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15536', 'image' => '20220815052136_Insurance.jpg', 'article_date' => '2022-08-15 17:20:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15793', 'article_category_id' => '1', 'title' => 'Tatopani Customs Closed due to Rising Infection in Tibet', 'sub_title' => '', 'summary' => 'August 15: The Chinese government has stopped importing and exporting goods through the Tatopani customs due to the increase in infection rate of Covid-19 in various parts of Tibet. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">August 15: The Chinese government has stopped importing and exporting goods through the Tatopani customs due to the increase in infection rate of Covid-19 in various parts of Tibet. Head of Tatopani Dry Port Customs Office Narad Gautam said that the foreign trade through this checkpoint has come to a complete halt due to the one-way closure of the border. There is no information about when it will be operational, said Gautam.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"No goods have been imported from China since the last four days," he said while talking to the New Business Age on Saturday, "The Chinese authorities have not given us any information on this matter either." There is confusion as to when the border will be opened.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Chief District Officer Bednidhi Khanal said that they have received information that the import has been stopped due to the increase in Covid-19 infection in Tibet. "There have been reports of more than 50 cases of Covid-19 in Khasa region," he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Since the onset of Covid-19, the Tatopani customs has been operating one way. Trade between Nepal and China has been affected due to the border not being fully operational. Some time ago, the local administrations of both the countries had agreed to increase the import of goods through the border. However, after the rise in coronavirus cases in China again has halted the import from the border.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">On Friday, Speaker Agni Prasad Sapkota discussed with the Chinese ambassador to Nepal, Hou Yanqhi, to reopen the border checkpoint. The speaker's press advisor Shridhar Neupane informed that there was a discussion regarding opening trade channels between the two countries during the meeting.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In the meeting, Ambassador Yanqhi said that Nepal is a good neighbor of China, praised Nepal's commitment to the one-China policy, and said China is always positive about border operations. Before the Tatopani customs was closed, four to eight containers of Chinese goods were imported into Nepal daily. Apples, machinery equipment, and readymade clothes were basically imported through the border point.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Due to disasters such as landslides, earthquakes, floods, and coronavirus pandemic, the Tatopani border is being closed and opened time and again. The Sindhupalchok Chamber of Commerce and the Nepal Himalayan Cross Border Trade Association have repeatedly drawn the attention of the Nepalese government to fully operate the border checkpoint.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15535', 'image' => '20220815013114_Tatopani.jpg', 'article_date' => '2022-08-15 13:30:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15794', 'article_category_id' => '1', 'title' => 'SEBON Preparing to Halt Share Transactions of Merging Companies for only 15 Days', 'sub_title' => '', 'summary' => 'August 15: The Securities Board of Nepal (SEBON) is preparing to halt the share trading of companies listed in the secondary market for a maximum of 15 working days if they opt for the process of merger or acquisition.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: The Securities Board of Nepal (SEBON) is preparing to halt the share trading of companies listed in the secondary market for a maximum of 15 working days if they opt for the process of merger or acquisition. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">This provision is included in the initial draft of the Guidelines for Merger and Acquisition of Organized Institutions 2079 prepared by the board. If the final draft of the guidelines is prepared according to the proposal of the board, the share transaction of the listed companies will only be stopped for a maximum of 15 days during merger or acquisition.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision in the preliminary draft of the directive to maintain the period for completion of the merger or acquisition process within six months. The board has released the initial draft of the guidelines and has asked for suggestions from the stakeholders.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Chairman of the board Ramesh Kumar Hamal showed special interest in reducing the delay in share transaction after investors expressed their dissatisfaction regarding the suspension of share trading of listed companies for a long time during the merger and acquisition process.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There are instances of companies being suspended for a long time from share trading in the name of merger or acquisition. Due to this, the people who have invested in the shares of the listed company, no matter how big the financial problems are, cannot avoid the risk by selling the shares. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Hamal argued that shares should not be withheld for a long time during the merger and acquisition process. Due to his initiative, a new provision has been prepared for the suspension of share trading during the merger and acquisition process. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Hamal had discussed this issue with Nepal Rastra Bank and said that such arrangement should be amended. Accordingly, Nepal Rastra Bank has given the board the authority to decide on the period of suspension of share trading. Accordingly, the board prepared a draft of the guidelines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Banks and financial institutions have the largest share of companies listed in the secondary market. Through this year's monetary policy, Nepal Rastra Bank has abolished the existing provision of suspending share trading for merger and acquisition purposes and has made arrangements to comply with the regulation of SEBON.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the provision in the draft, from the date of commencement of integrated transaction, the merging organizations must be suspended for a maximum of 15 working days for work such as stock matching, re-registration of securities, dematerialization and listing of securities. In addition, the board is preparing to make a provision that if the name of the organization is not changed, the share trading of the organization will not be stopped.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15534', 'image' => '20220815042810_merger.jpg', 'article_date' => '2022-08-15 16:27:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15792', 'article_category_id' => '1', 'title' => '1700 Vehicles Pile up at Birgunj Customs', 'sub_title' => '', 'summary' => 'August 15: Vehicles are piling up at Birgunj customs due to the strict import policy of government and lack of liquidity.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: Vehicles are piling up at Birgunj customs due to the strict import policy of government and lack of liquidity. The government chose this measure in order to solve the pressure on the foreign exchange reserves, compelling the banks to stop credit investment for the purchase of luxury vehicles.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Since there is no demand for new vehicles in the market, the importers have not cleared the vehicles from the customs office. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Harihar Paudel, Chief Customs Officer of Birgunj Customs, said that the importers have delayed the release of the vehicles because they do not have the money to pay for the revenue for customs clearance as the banks have refused to open Letter of Credit (LC) for this purpose.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Kamal Gyawali, head of Nepal Intermodal Transport Development Board (NITDB) Birgunj informed that more than 1,700 new vehicles are parked on the premises of the integrated check post (ICP) in Birgunj. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“The ICP has a parking capacity of up to 400 vehicles. After piling up of more than 1,700 vehicles, the management has become chaotic,” he said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government has banned the import of vehicles worth more than five million rupees. The import of vehicles has also declined in the last months of the last fiscal year due to the tightening of imports.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Banks have almost stopped lending credit on cars. Importers say that there is no demand in the market due to lack of vehicle loans. It seems that the import of such vehicles from Birgunj, the main port of vehicle import, has decreased since last November.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Data from the customs shows decline in import every month since November of the last fiscal year as compared to the previous fiscal year. From mid-June to mid-July, only 68 jeeps passed customs clearance through Birgunj Customs. In the corresponding period of the previous fiscal year, this number was 487.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government gradually started tightening the import from the second quarter of the last fiscal year. Since then, the data shows that the import of light vehicles is continuously decreasing. Some importers have even rented land in the border Indian city of Raxaul and kept their vehicles there.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision to refund the goods and services tax (GST) of the vehicle imported from India only after submitting proof that it has cleared the Indian customs within 3 months. For GST compliance in India, importers now have to import vehicles in a rush. However, importers have not released the vehicles that have arrived at the customs office.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15533', 'image' => '20220815011457_1660393906.jpg', 'article_date' => '2022-08-15 13:14:26', '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
